Let's Talk Real Estate

Strong home buyer demand continued across Maine last month, with Realtors reporting 1,313 single-family existing home sales—a sales jump of 16.81% over March 2020.  According to Maine Listings, the statewide median sales price (MSP) reached $268,500, an increase of 17.79% compared to March 2020.   Maine residential real estate sales volume and median sold values showed continued strength during March 2021. The pace in the residential real estate market continues to be rapid.  For March 2021, the statewide days on market statistic was 11 days, compared to 48 days for March 2020. In this fast-moving market, homes become available for sale and are immediately met with pent-up buyer demand.  Whether you’re a seller or a buyer, start working with a REALTOR® when you first think about transacting real estate so that you’re fully prepared and ready to take action.

In light of COVID-19 crisis, the IRS has extended the income tax payment and filing deadline for individual  and business returns from April 15, 2021, until May 17, 2021. This relief does  not  apply to estimated tax payments for tax year 2021 that are due on April 15, 2021. You don’t need to file additional forms to qualify for this extension. Now that you’re a homeowner, your taxes may have gotten more complicated.  And you may be asking yourself, “Do I need an accountant?” And if you do, should you hire a certified public accountant (CPA)? And what’s the difference between a CPA and an accountant? Plus, you may be one of many people who worked from home last year because of COVID-19 and wonder if you can deduct some of your home office-related expenses. Or you may have moved out of state or tapped into your 401(k) for supplemental income. Here is some information to help you: The Differences Between Tax Experts and Other Options First you need to know there are different types of t