Buy low, sell high is a much-repeated investment strategy. Buyers who purchased during the 2010-2012 financial crisis are about to see some considerable profits. America’s current median home price is now $295,300 which is up from $155,600 in February 2012. The results are close to an 8 percent annual increase. Homeowners have earned median equity […]
In this year of Jumanji Level 11, we have been hit with not only a pandemic but several orders to shelter in place and stay at home. Depending on how many people are in your family, your home now operates as a home office, a gym, a virtual classroom and your kitchen has prepared more […]
It is the fourth quarter of 2020 and we are in an “Up” real estate market. Selling a larger home and buying a smaller lower priced home that better meets your needs can be an advantage for you. Your advantage is that you can maximize your selling price and not be forced to reinvest all […]
Sellers should have their homes pre-approved before agents start showing their home just like you would pre-approve a buyer before they can start shopping. The reasons being to make sure the home appeals to the “right” buyers, to discover issues with the home before it goes on the market, improve its marketability, to increase the […]
Buyers, sellers and real estate agents often use square footage as their common demoninator in determining the value of a home. There is no quick method or automated value method that will give you the correct amount. It may seem like a straight forward process, but there are several variances that can lead to inaccurate […]
Buying or selling a home involves negotiation at all stages of the process whether you like it or not. It’s not like going to the store where you decide to buy something and then just pay for it. Emotions get involved that could affect the negotiations adversely and it is easily the most expensive purchase […]
As a seller, you can put a price on your home for sale, but the value of your home is ultimately determined by the person who buys your home. Some conditions would make a buyer pay over the market price for your home, they include location, the elevation of the home, or proximity to something […]
As a homeowner, you will receive a generous exclusion on the gain of your principal residence. Current rules stipulate $250,000 for single taxpayers and $500,000 for married taxpayers filing jointly. Many people probably consider the gain or profit to be the difference between the purchase price and the sales price. Before calculating your gain, the […]
Many homeowners have had to rethink the way they live in their home over the last two months with the stay at home or shelter in place orders. Your home has now become an office for working, a school for your children, a gym for working out, and a place for recreation. With all this […]
These are unsettling times and buyers and sellers have a concern about keeping virus-free and staying healthy like the rest of us. To keep everyone safe, these new showing procedures should be considered before walking into a home. Agents are reporting that they are selling homes where the buyers have not physically been in the […]
