Mountain Cabin Care is Available!! Your Second Home Watched while You’re Not Here!!!

Posted by I Love Murphy on

Some folks are concerned that someone needs to check on their vacation and second homes to be sure everything is safe and sound. Even though Murphy is a very safe area, it’s nice to know there’s nothing to be worried about with your home. Now there’s an excellent service available that provides that!

Mountain Cabin Care is now available to watch your home for a very reasonable service fee! Click the link to find out more details on this great service.

John and Jessica Poltrock – The POLTROCK TEAM at RE/MAX Mountain Properties – Murphy, North Carolina Real Estate – Homes, land, and commercial properties – www.MyMurphy.com – JohnPoltrock@gmail.com – Call Toll Free (877) 837-3002 and demand The POLTROCK TEAM!!!

 

Murphy Crime and Demographic Rates HERE

New Change in 1031 Tax Information Makes It Better for you Vacation or Second Home!

Posted by I Love Murphy on

1031’s have long been a real estate investor’s friend. For those of you who are unfamiliar with them, it is a section of the IRS tax code that allows a person to sell an investment property and purchase another – tax free.

1031’s of course are simple in theory but have a few stipulations by the IRS. If you are considering buying a mountain property and want to do a 1031, we would be happy to guide you through the process.

Here’s the basics behind the new rule: a person who owns a vacation or second home for at least 24 months, uses it for 14 or less days a year, or less than 10% of the time it was rented in any of those years, can qualify that dwelling unit for a tax-deferred Exchange. You don’t have to rent it out for an extended length of time, it could be rented for just 14 days a year and still can qualify.

Want more help? Contact us! John and Jessica – The POLTROCK TEAM at RE/MAX Mountain Properties – www.MyMurphy.com – JohnPoltrock@gmail.com – Call Toll Free (877) 837-3002 and demand the POLTROCK TEAM! for Homes, Land, and other types of real estate in Western North Carolina

Septic Permits Bog Down Buyers in Murphy – But Do They Really?

Posted by I Love Murphy on

Obtaining septic permits in Cherokee County has become an issue shrouded in controversy and political pitfalls. I’ve found many of my buyers have been very disgruntled in the fact it takes an average of 6-8 months to get a standard permit. Hold it! Clear your head and use it to your advantage!

One of the most important things to understand is what got us to this point in the first place. This is a very small nutshell of what all has been occurring behind the scenes. We have lost several soil scientists to counties offering to pay them more and provides more benefits. To offset the losses, several younger scientists were hired, but they must train under a veteran in order to eventually work on their own. Coupled with many political issues, the problem snowballed into more than 600 outstanding permits and an average of 6 months wait time.

Now how can you turn this dilemma into a benefit? The fact is most land buyers (especially in the Murphy, North Carolina area) who intend to use their new found property to build their second home, or cabin in our local market, don’t want to build right away. If you’re planning on taking a year or more to build, PERFECT! In this case, you’re making a smart call to buy a tract that doesn’t have a permit.

Now, I’m not saying that buying a piece with a permit is bad – it’s not in any way. What I am presenting is you write an offer on land contingent upon getting a septic permit (FYI – it’s rated by the amount of bedrooms your home will have). That way, you only put up some earnest money and have the property tied up while you wait for the Cherokee County Health Department. You don’t even close on the land till a couple weeks after you have the permit in hand.

The benefit to the buyer? Lots! While the county is working to get you a permit, You’re not paying interest on a land loan, you’re not paying the real estate taxes, you many times get to enjoy appreciation on the property you’re getting, and some investors have even used this time to find a new buyer! There’s a lot of opportunity in what may initially seem like a “bad thing.” We live in an instantaneous age, but if we can sometimes slow down, great things can come to those who wait.

John Poltrock – REMAX Mountain Properties – www.MyMurphy.com – JohnPoltrock@gmail.com – Call us Toll Free at 1-866-Murphy-NC or 1-866-687-7496