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 […]
Category Archives: Home Sellers
More Time in our Homes
Moving “Down” in an “Up” Market
Selling? Do these four things before you put up a sign
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 […]
Does Your House Measure Up?
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 […]
Are You a Negotiator?
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 […]
Don’t Put Your Value on the Line
Why Keep Track of Home Improvements?
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 […]
Rethinking Home
Update: COVID-19 home showing procedures
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 […]