How Elections Impact the Real Estate Market

Many of you may be wondering whether it’s a good idea to enter the real estate market during the upcoming election. It’s common knowledge that the real estate market weakens during these times, but there are many other factors to consider.

Real estate markets falter during elections mainly as a result of consumer confidence waning. A new leader will be elected, and that brings uncertainty and discomfort to home buyers and home sellers. A home is a huge investment, and historically, during periods of uncertainty, people have waited to make large expenditures.

What does all of this mean for you?

It depends on your wants and needs, and it also depends on who is standing atop the podium in November.

The truth of the matter is that the real estate market will always be in flux, and decisions like buying or selling a home will always be difficult ones to make. It doesn’t matter how good or bad the economy is, and it doesn’t matter who our next President is going to be.

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Low inventory and low interest
 rates mean now is a great time
to be in the market.

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Your best bet is to give me a call. Once you’ve given me all of the details of your specific situation, I can help you come to a more informed and rational decision about what to do, no matter if you’re buying or selling.

If you’re thinking of selling soon, receive a complimentary home value report.

If you’d like to purchase in the near future, browse our selection of available homes.

I look forward to continuing this conversation with you!

Team Lally with Jeff Bow

​Who is Jeff Bow?
Jeff is a Master Certified Life Coach, an inspired learning facilitator, and a graduate of the accredited Coach for Life program. He is an active member of the International Coach Federation who also earned a certificate from Stanford University Graduate School of Business in its Executive Program for Growing Companies. He also completed coursework in negotiation for the senior executives program via the inter-University Consortium of Harvard University, Massachusetts Institute of Technology, and Tufts University.

Brilliance through Balance™
Executives from Los Angeles, Hawaii, and Shanghai consider their twice monthly private coaching calls with Master Certified Life Coach Jeff Bow to be among the best ongoing investments they make in their success and satisfaction in business and life. Jeff’s proprietary Brilliance through Balance™ approach is the reason clients say they achieve their goals faster, enjoy life a lot more, and feel more deeply connected to Spirit.

Three Decades of Impact
Not a stranger to long-term commitments, Jeff worked for three decades as a strategic change agent for organizations ranging from a magazine and book distributor to a construction material manufacturer and supplier before launching his successful private executive coaching practice in 2003. In this role, Jeff’s gifts and talent for shaping company cultures to honor mutual respect and the celebration of the Human spirit were well honed. He was proud to put to rest antiquated leadership philosophies such as “Do as I say and not as I do” to open up new, collaborative work styles to bring about stunning, revenue generating results and team satisfaction

Specialties:
Jeff believes and his clients agree that the deep sense of purpose that flows from setting priorities in concert with what matters most to each is the fuel that drives inspired growth in every aspect of their lives. Spirituality is at the center of this work as opposed to being just one essential ingredient in the success mix. Most clients work with Jeff over a year-long period of time to welcome remarkable results and rewards that are priceless in their lasting value.

Website: http://www.jeffbowcoaching.com/about_jeff_bow.html
Phone Number: 360-929-3854
Email Address: jeff@jeffbowcoaching.com
Facebook: https://www.facebook.com/JeffBowCoaching/?sk=app_4949752878
YouTube: https://www.youtube.com/user/jeffbowcoaching

Team Lally with Julia Estrella

Team Lally had a wonderful and lively time with Julia Estrella, author of the book, "Being Local in Hawaii". Julia shared her vision of being healthy in mind, body and spirit to live to be 128 years old. Aside from this vision, Adrienne and Attilio also talked about Real Estate, Open Houses and words to live by.

Who is Julia Estrella?

Julia Estrella, author of the book- Being Local in Hawaii, is a multicultural woman who tells a fascinating story about her diverse life in Being Local in Hawaii. Julia not only tells her story but those many diverse stories she shares with all the people she has met, known, and advocated for.

Talking story for Julia is a term that means not just telling stories, but telling stories that will enrich our lives, enlighten us, make us wiser and better people, and call upon us to do more to make the world a better place.

Her book is available at Native Books, The Ward Center, Okinawan Cultural Center and The Japanese Cultural Center Giftshop as well as online at her website.

Website:
http://www.beinglocalinhawaii.com

Email Address:
tristar@Hula.Net

Phone Number:
808-852-1892

LinkedIn: https://www.linkedin.com/in/julia-estrella-0912486b 
Twitter: https://twitter.com/Keikohiga 
Profile: https://www.facebook.com/julia.estrella1 

10 Misconceptions Surrounding the 1031 Exchange

Today we’re joined by Julie Tumbaga, the vice president and regional manager of Old Republic Exchange Company, to help dispel some myths surrounding the 1031 exchange. A 1031 exchange is a way to defer paying capital gains tax. This applies only to investors. They sell or buy a property within a specific time, and if they have gain and they want to defer it, they have to do an exchange. Here are the top 10 misconceptions about the 1031 exchange:

1. Like-Kind means you must exchange the same type of properties. Nope! Like-Kind is actually very broad and can be any combination of real property.
2. Your attorney can handle it for you. Your attorney hopefully can handle a lot of things, but they actually cannot handle this for you if they have been your attorney for the last two years.
3. You must literally swap your property with another investor. Wrong - you only have to be buying and selling investment properties. It doesn’t matter who you buy the property from, only how you use it.
4. 1031 exchanges are too complicated. They’re actually not so bad. The paperwork is pretty standard. Just sign when you buy and sign when you sell.
5. The sale and the purchase must take place simultaneously. There are, on the contrary, different timeframes when it comes to the exchange. You have 45 days to identify the property and 180 days to close on it.
6. You only need to file a form with the IRS with your tax return and roll over the proceeds into a new investment. While you do need to report your 1031 exchange with the IRS, you also have to have all the 1031 exchange paperwork signed before the closing and purchase.
7. 1031 exchanges are only for real estate. There are other types of exchanges. For example, a personal property exchange.
8. All of the funds from the sale must be reinvested. When the client sells the relinquished property, the net proceeds come to the exchange company, and then they must use all of those funds as their down payment for the new property. They can then use cash or get a mortgage to make up the difference. If you don’t use the money, whatever is remaining will be exposed to taxes.
9. 1031 exchanges are only for “big” investors. Any level of investor can do an exchange as long as they’re selling or buying an investment property.
10. You must hold the property longer than a year before exchanging it. There is no rule or law on how long you have to hold an investment property.

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1031 exchanges only apply to investors.

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If you have any more questions or are interested in contacting Julie, you can reach her at 877-591-1031 or at jtumbaga@orexco1031.com. Thanks and aloha!