Education

Protect Against Wire Fraud

Important Information Regarding Fraudulent Instructions to Wire Funds

 

Today we have all become more vulnerable to wire fraud, unfortunately, and we want to make sure you exercise caution before transferring any funds by wire.   Wire fraud scams are becoming more prevalent whereby fraudulent individuals are creating emails that can fully replicate those that will look familiar to you - for instance - from your Realtor, your attorney, or lender.  They will send you a personal email requesting that you "wire funds for your closing", or other, only to be ultimately routed to a bogus account.  Therefore, if you ever receive any correspondence that appears to come from your Realtor, or your attorney, or lender, or anyone else, please contact us or your attorney, immediately by calling on the phone.  

In addition, we strongly recommend that you not include any sensitive information in your email correspondence to the parties who are involved in your real estate transaction, including account numbers, routing numbers, social security numbers, etc.  Instead, provide any essential information required for the closing by your lender or attorney or other professional, by phone. As with any phone calls you might make relative to these matters, please make sure you have verified the phone number, and not taken one from a website or email.  

If you need to wire funds for your closing, please be sure to contact your Realtor or attorney or lender by phone to complete the transaction.

Above all, please consult with your attorney about any of the above, as this is not intended to be a representation of legal advice to you.

Coldwell Banker Award Winners

Coldwell Banker Carlson Real Estate and their agents were honored at the annual Coldwell Banker conference in Mashantucket CT. Coldwell Banker Carlson Real Estate received the 2017 Premier Office - Gold designation, highest average sales achieved for all agents in the office, which demonstrates a high level of team work and excellence among the entire office. The Premier Office Designation is awarded to the top 10% of all Coldwell Banker offices. 2017 is the 6th consecutive year Coldwell Banker Carlson Real Estate has been awarded this designation.

 

Coldwell Banker Carlson Real Estate is pleased to announce that Jeff Beattie, Meg Kauffman, Karen Crist and The Smith Macdonald Group; consisting of Peggy Smith, McKee Macdonald and Maggie Macdonald have been awarded Coldwell Banker Award Society designations. The Award Societies represent the top percentage of all Coldwell Banker sales associates/representatives worldwide.

Congratulations to our all Coldwell Banker Carlson Real Estate agents!

 

Meg Kauffman - International President's Circle

Jeff Beattie - International President's Circle

Karen Crist - International Sterling Society

The Smith Macdonald Group - International President's Elite Team

 

 

 

Considering Renting Your Stowe Area Home?

Stowe has seen condominium sales, and prices, rise significantly in the last two years. Much if this is attributed to the announcement of Vail Resorts purchasing Stowe. The popularity of websites such as Airbnb and VRBO have created a new market for condominium and single family home owners to rent properties when not in use, or make investments as income producing properties. If you are thinking about purchasing and renting, or are already doing so, there are some important things you should know to ensure your and your renters safety:

  • Make sure to contact your insurance agent to include extra coverage for renters
  • Make sure to have the proper smoke and carbon monoxide detectors installed. In Vermont photoelectric smoke detectors are need to be in every sleeping room
  • A rental property falls under Vermont State safety requirements, so you will need to have a Fire and Safety inspection. For more information go to the State website here: http://firesafety.vermont.gov/

Please feel free to contact us any time regarding any questions you may have about anything that may relate to investing in properties, and/or renting.  The Town of Stowe is in the process of adopting some of these, and additional rules and regulations, so we can update you as well as guide you through this process, along with providing any key contacts to ensure your property is up to code and regulation.

Effective Improvements for a Faster Sale

Effective Improvements for a Faster Sale

 

You have decided to sell your home, and you are eager to sell it ASAP! Here are the ways to efficiently and effectively improve your home for a speedy sale.

 

You have decided to sell your home, and you are eager to sell it ASAP!  You need to move or want those proceeds immediately, but how? Let’s go through the best ways to efficiently and effectively improve your home for a speedy sale.

First, curbside appeal.  This is the first thing every potential buyer sees so make it stand out!  Some suggestions:

  • Hire a gardener to clean and spruce up the entrance
  • Remove superfluous items from the front of your home, i.e. garbage cans, strollers, etc.
  • Put a fresh coat of paint on your home’s exterior

Second, this is the time to clean and eliminate all clutter inside your home.  Here’s how:

  • Give away extra toys, clothes, and anything else that makes it look crowded or disorganized
  • Organize the kitchen countertops and closets
  • Place bulky items in storage

Third, landscaping matters.  A large yard cannot shine if the plants, grass and trees are in bad shape.  Try the following ideas:

  • Artificial grass-this always looks amazing and eliminates the need for maintenance
  • Tie orchids around the trees, plant fresh flowers and maintain the grass and trees

Fourth, look under the hood.  Make the inside of your home look as good as possible.

  •  This is the time to do some of the minor repairs you have been putting off.  This will make your home look better and may eliminate certain issues during the Inspection Period.
  •  Yes, it seems expensive or time-consuming.  However, if you hire a professional company, this can truly make the difference and get you more money in less time.

Finally, hire a professional, licensed realtor.  A realtor with experience and expertise can help sell your home quickly for the best price.   

Stowe Area Market Is Moving

The Stowe Area Market Is Moving

  • 5% Increase in the Average Sales Price of a single family home in 2017
  • 63% Increase in Condos sold in 2017
  • 40% Increase in Land sold in 2017
  • Coldwell Banker Carlson Real Estate represented 29% of the Stowe area market in 2017

We don't just list your property, we enhance and promote your listing with the latest available technology and we get it sold.

Call us today for a consultation on your property and list with us.

802-253-7358

info@CarlsonRealEstateStowe.com

Making Sense of some of the Tax Reform Changes

There have been a lot of questions surrounding the recent tax reform bill that was passed in Washington.  The National Association of Realtors had a lot of influence relative to the impact on aspects having to do with real estate, and managed to help protect essential and important homeowner benefits such as the exclusion for capital gains on the sale of a home, and the mortgage interest deduction for primary and secondary homes.  Those and other last minute changes to the Tax Cuts and Jobs Act of 2017 are as follows, in easy to understand terms:

  • Capital gains exclusion. In a huge win for current and prospective homeowners, current law is left in place on the capital gains exclusion of $250,000 for an individual and $500,000 for married couples on the sale of a home. Both the House and the Senate had sought to make it much harder to qualify for the exclusion. 
  • Mortgage interest deduction. The maximum mortgage amount for households deducting their mortgage interest has been decreased to $750,000 from the current $1 million limit on primary and secondary homes. The House bill sought a reduction to $500,000. 
  • State and local tax deductions. Both property taxes and state and local income taxes remain deductible, although with a combined limit of $10,000. Both the House and Senate bills sought to eliminate the state and local income tax deduction altogether. 
  • Pass-through entities. The bill significantly reduces the effective rate of tax on business income earned by independent contractors and income received from pass-through entities. This change will potentially lower the taxes of these types of professionals.

We will be publishing more information as it is made available, as the professionals and experts continue to decipher myriad details of the bill.  

  Source: National Association of Realtors  

Somebody To Love

Coldwell Banker has gone against the grain in the real estate category by highlighting the emotion rather than the transaction of home buying. There are no realtors shaking hands with new owners over a “sold” sign to be seen.

The advertising agency Siltanen & Partners in their award winning commercial tells the story of two lost souls finding each other at a pivotal time. The result is heartwarming on the grab-a-tissue level. Animals rescuing people, just as much as the other way around, isn’t a new concept for ads, branded content and PSAs. But it’s no less affecting in this case.

Ralph Waldo Emerson most notably penned the phrase “A house is made with walls and beams; a home is built with love and dreams.”

While a roof over our head provides shelter, it is the love inside the home that makes it a refuge. While the walls of a house protect us from the elements, it is the love inside the home that protects us from everything else. While the foundation of a house keeps our feet out of the mud, it is the love inside the home that carries us over all of the other obstacles in life.

At Coldwell Banker, our calling is to help people find a place to call home, and if love is what makes a house a home, we wanted our campaign to highlight how even the smallest of things can fill it with love. This year our campaign was created to remind everyone that home is the place where love resides, and those looking to add more love into their lives need only look at adding a small addition to it – a four-legged one.  A dog’s unconditional love, eternal forgiveness and innate ability to help you melt the day’s stress away is what can turn any day, regardless of its troubles, into a joyful occasion upon entering that front door.

The physical and emotional shelter that home provides is one of the single greatest investments anyone can make, and adopting a dog into it makes it even more valuable. Find out how you can help find homes for adoptable dogs through the Coldwell Banker Homes for Dogs Project at coldwellbanker.com/homesfordogs or locally at North Country Animal League (NCAL) our local shelter.

Whether love is represented by family, friends, passion or even a furry friend, we hope your home is filled with “Somebody to Love.”

 

 

The Gift of Giving

Most members of our community are touched everyday by a nonprofit organization in some way. Nonprofits build vibrant, sustainable communities, promote health and safety, celebrate and support the arts, and help protect our planet for future generations.

This holiday season there are many ways to show your support to the organizations that make our communities strong, whether you choose to contribute financially, or by volunteering.

The following are local organizations that Coldwell Banker Carlson Real Estate and/or our agents have been involved with or, there is always the charity of your choice.

"We only have what we give" - Isabel Allende 

The Gift of Giving

Stowe Vermont's Growing Luxury Market

Vermont's Day in the Sun. 

When you think of the most luxurious and renowned ski destinations in the nation, Aspen and Deer Valley probably come to mind. If Stowe is also on your list, your awareness of the country’s skiing hotspots is impressive. This northern Vermont town is de rigeur, and increasingly attracting ski aficionados seeking premier mountain conditions. But, for real estate buyers looking to purchase homes in the area, the slopes are only the beginning. What follows is an eye-opening journey through Vermont’s most vibrant towns awakening to an influx of investment and new development.

http://blog.coldwellbankerluxury.com/vermonts-day-sun/

 

5 Things That Might Nullify Your Homeowners Insurance

 

Home insurance is essential, regardless of your house’s size or location. However, even if you have homeowners coverage in place, there are many reasons why your home insurance policy may become null and void. Here are a few to watch out for.

 

1. Keep Receipts of Your Belongings

 What good is home insurance if you can’t get the coverage you need for all of your possessions? Ultimately, you’ll need receipts to verify property ownership—along with when you purchased property and how much you paid for it—to your home insurance provider. If you file a home insurance claim for a lost, stolen or damaged item and cannot verify property ownership, your policy could be voided. 

2. Avoid Submitting an Excess Number of Claims

Most homeowners are unlikely to submit a home insurance claim in a given year, which is reflected in recent data from the Insurance Information Institute (III). In fact, about 5 percent of all homeowners submitted a home insurance claim in 2014, according to the III. Among these claims, property damage accounted for 97 percent.

3. Report Major Home Renovations

 

Do you want to add a new bedroom to your house? Or maybe you plan to install a swimming pool in your backyard? If you complete home renovations and fail to notify your home insurance provider, you may put your homeowners coverage in danger.

 

4. Be Proactive When Traveling

Leaving a home vacant for more than a few days can be risky. For example, consider what might happen if you embark on a two-week winter vacation. You may leave your home empty for the duration of your vacation. Meanwhile, if a pipe freezes and bursts while you’re away, the associated property damage could be significant.

 

5. Avoid Deliberate Property Damage

Let’s face it – no one wants to pay the steep costs associated with home improvement or maintenance projects. In some instances, homeowners might consider causing property damage in the hopes that their home insurer will cover their property replacement or repair costs. Yet deliberate property damage is not covered under a homeowners policy.

 

Check out the Coldwell Banker Blue Matter Blog for details on how you could inadvertently nullify your homeowners insurance.