Bellevue Second Homes
If you’re looking in Bellevue, WA, for second homes, you need the help and expertise of a local real estate expert. Popular real estate websites like Realtor and Zillow are great at providing a lot of general information quickly about homes for sale, but it doesn’t always understand terms like “second homes.” According to Pacaso.com, “A property is viewed as a second home by the IRS if you visit for at least 14 days per year or use the home at least 10% of the days that you rent it out.”
Essentially then, it’s whatever you want it to be. It could be based on weather, vacations, or even which place to make your primary home. Fortunately, the IRS recognizes up to two homes as actual residences, which provides a lot of options. To that end, Bellevue has a lot of suburban amenities like cafes, restaurants, and parks. It’s ranked one of the top cities in America with the best public schools. It offers good housing, jobs, and commutes, all of which make it popular with families.
It also has a healthy and diverse culture with outdoor activities and nightlife, making it popular with young professionals. According to Rocket Homes, median home values were $1.32M in May 2023, which it reports is a 3.3% price drop compared to May 2022. As a result, listings are up 13.6% from April to May 2023, a one-month period! In that same time period, the number of homes already sold is up 41.2%. Buyers and sellers have a unique opportunity. Let a local pro show you what’s possible today.
- Learn about Bellevue second homes on a free call today and learn about options that can help.
