FOR SALE – 3+ Brainerd Northeast Brainerd Home – $129,000

16 06 2017

01

Excellent, updated condition, describes this 3+ bedroom Northeast Brainerd home on corner lot directly across from Garfield School. Newer windows, newer roof, newer appliances, new 2 car detached garage in 2014, many other recent updates, pantry, original hardwood floors, and full basement with finished office and ¾ bathroom. Immaculate, move-in ready home!

Here is where you can get more details . . .

  1. Virtual Tour
  2. Information Page

Offered exclusively by:

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Managing Money

10 04 2017

credit card debt

Credit card debt in America is back to levels prior to the recession. The average credit card APR is just under 16% according to CreditCards.com Weekly Credit Card Report. Homeowners have an advantage over renters when it comes to getting their arms around debt issues.

Basic money management suggests that higher rate debt be replaced with lower rate debt. Credit cards, personal cars, boats, motor vehicles and other personal property, typically have interest rates higher than that of real estate loans.

Borrowing against a person’s home usually provides the lowest rate of financing. Refinancing a home mortgage to take cash out to retire personal debt is one option. Another would be to secure a home equity or HELOC, home equity line of credit.

An alternative advantage of borrowing against one’s home is that the interest may be tax deductible unlike the interest on most personal debt. Qualified mortgage interest includes acquisition debt which can only be used to buy, build or improve a principal residence and up to $100,000 of home equity debt which can be used for any purpose.

Managing money is a critical life skill that people need to master. While the goal may be to become debt-free, paying the least amount of interest possible can be a good first step. Owning a home provides an asset that allows for options not available to tenants. Seek professional advice to determine your best course of action.

 





Capital Gains Taxes

13 03 2017

U.S. taxpayers have enjoyed specific tax benefits for home ownership since personal income tax was introduced by the 16th amendment in 1913. While these benefits may not be the primary reason that motivates a person to buy a home, they are still tangible and not available to tenants.

capital gains

The exclusion of capital gains tax on the profit made from a home is unique from other investments and provides homeowners significant savings. Single taxpayers can exclude up to $250,000 gain and married taxpayers up to $500,000 gain. During the five-year period ending on the date of sale, a taxpayer must have: owned the home for at least two years; lived in the home as their main home for at least two years; and, ownership and use do not have to be continuous nor occur at the same time.

Gain on the sale of a principal residence in excess of the allowed exclusion are taxed at the lower long-term capital gain rate of the owner.

A homeowner may take the standard deduction or itemized deductions in any tax year based on which will create the largest deduction. Property taxes and qualified mortgage interest are allowable itemized deductions.

Qualified mortgage interest is acquisition debt plus home equity debt not to exceed the maximum amounts. Acquisition debt is the amount of debt incurred to buy, build or improve a first and second home up to $1,000,000. Home equity debt is limited to $100,000 over the current acquisition debt on the combination of a first and second home and may be used for any purpose.

For more information, see your tax advisor or see IRS Publications 523, Selling Your Home and 936, Home Mortgage Interest Deduction.

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Goedker Realty, Inc. / (218) 828-0444 / www.BrainerdAreaRealEstate.com





FOR SALE – New Construction 1 Level Home on 2.55 Acres

10 03 2017

dscn8957Make your life easier with this one level home, on 2.55 wooded acres. With 1,868 finished square feet you will enjoy three spacious bedrooms, including a master suite, in-floor heat, ductless air conditioning, 9 foot ceilings, vaulted ceilings, heated and insulated garage with floor drain and so many more extras that you will need to check it all out for yourself. For more details . . . http://view.paradym.com/3951762/prt/10003

1. Check out our featured virtual tours: http://my.paradym.com/inventory.asp?u=256976&f=201100&prt=10003.

2. Visit our website, www.BrainerdAreaRealEstate.com, for upcoming local open houses.

3. View our testimonials here; http://www.realsatisfied.com/Colleen-Goedker.

4. Get a no-obligation Market Snapshot of your home’s value (or the home you want to buy) here; http://www.homeinsight.com/Widget/default.asp?O7MOATBAR02E.

5. Call us with any real estate questions, (218) 828-0444.

colleen-header-2017 

Goedker Realty / (218) 828-0444 / www.BrainerdAreaRealEstate.com

 





FOR SALE – 26 Prime Acres for Executive Development

9 03 2017

aerial-1Endless opportunities with this large, undeveloped, wooded parcel in an area filled with executive homes. Was once designed to be subdivided into a 9 lot, 2.5 acre parcel subdivision, but now maybe a great location North of Baxter for a private community of patio homes, What are your development and/ or investment dreams? For more details and virtual tour . . .  http://view.paradym.com/3946260/prt/10003

  1. Check out our featured virtual tours:http://my.paradym.com/inventory.asp?u=256976&f=201100&prt=10003.
  2. Visit our website,www.BrainerdAreaRealEstate.com, for upcoming local open houses.
  3. View our testimonials here;http://www.realsatisfied.com/Colleen-Goedker.
  4. Get a no-obligation Market Snapshot of your home’s value (or the home you want to buy) here; http://www.homeinsight.com/Widget/default.asp?O7MOATBAR02E.
  5. Call us with any real estate questions, (218) 828-0444.

colleen-header-2017

Goedker Realty / (218) 828-0444 / www.BrainerdAreaRealEstate.com





FOR SALE – Affordable 3+ Bedroom North Brainerd Home

8 03 2017

dscn6705More affordable than rent with this North Brainerd home just 1.5 blocks from Gregory Park. A turn of the century 3+ bedroom, 2BA home, including; 9 foot ceilings, informal dining room, stucco exterior, enclosed front porch, stately staircase to the second floor, walk-in closet in master bedroom, a partial basement, newer boiler, newer water heater and extra storage above the garage. With the same owner for over 40 years, this seller has provided a home inspection for you as the future buyer! For more details and virtual tour . . . http://view.paradym.com/3955928/prt/10003

1. Check out our featured virtual tours:  http://my.paradym.com/inventory.asp?u=256976&f=201100&prt=10003.

2. Visit our website, www.BrainerdAreaRealEstate.com, for upcoming local open houses.

3. View our testimonials here; http://www.realsatisfied.com/Colleen-Goedker.

4. Get a no-obligation Market Snapshot of your home’s value (or the home you want to buy) here; http://www.homeinsight.com/Widget/default.asp?O7MOATBAR02E.

5. Call us with any real estate questions, (218) 828-0444.

colleen-header-2017

Goedker Realty / (218) 828-0444 / www.BrainerdAreaRealEstate.com





3BR and 186 Feet on Spirit Lake

8 03 2017

020Fantastic panoramic lake views from this well cared for home with 4.56 acres and 186 feet of frontage on Spirit Lake near Aitkin. This 3-bedroom home is only 20 years old and is perfect for a year-round residence or your lake home weekend get-away. Home features a master suite, central air, open floor plan with vaulted ceilings, hardwood floors, free standing fireplace in basement family room, fire-pit area, and detached 2 car garage. There is plenty of room for everyone and the 500+ acre lake has been stocked with walleye by the DNR in the past. I can see you and your family enjoying the water for years to come. For more details and virtual tour . . .  http://view.paradym.com/3972246/prt/10003

colleen-header-2017

  1. Check out our featured virtual tours: FEATURED VIRTUAL TOURS.
  2. Visit our website, www.BrainerdAreaRealEstate.com, for upcoming local open houses.
  3. View our testimonials here; GOEDKER TESTIMONIALS.
  4. Get a no-obligation Market Snapshot of your home’s value (or the home you want to buy) here; MARKET SNAPSHOT.
  5. Call us with any real estate questions, (218) 828-0444.

Goedker Realty / (218) 828-0444 / www.BrainerdAreaRealEstate.com