A new decade is here and with it comes significant change to Washington State’s Real Estate Excise Tax (REET). When you sell your property you pay Excise tax based on a percentage of the value. Washington State Senate Bill 5998 was signed into law changing our local real estate excise tax from a flat rate to a tiered system. This change gives owners a tax cut on the first $500,000 of value and keeps the current rate on the next $1 million. However, it also includes an increase after $1.5 million in value.
Here are a few mortgage don’ts to make the application process less stressful; especially if it’s your first time. We have also included a graphic you may download as a reminder while you go through the process.
Reading Time: 2minutes Most home owners and home buyers use a real estate broker when looking to buy or sell a home. The function of a real estate broker is more than just helping you find or sell a home. Your real estate broker is your trusted advisor during every step of the …
