One of the most misunderstood topic is the Capital Gains tax and how it might apply to you when you sell your home. It is really very simple.If you have lived in your primary home for at least 2 years, you are exempt from any Capital Gains tax under these two circumstances: 1) If the total gain on your property less improvements is
|Purchase of Home Improvements over 2 years Total Investment Sale of Home in 3rd year Net Gain||$100,000 $ 10,000 $110,000 $125,000 $ 15,000|
Sellers often price their home based on "need" rather than the market.
Sellers use the 'wrong' properties for comparison when pricing.
Sellers build in a 'negotiating cushion' and then have no one with which to negotiate.
Sellers take advice from 'well meaning' but uninformed p parties.
Sellers allow positive emotions about their property to influence their pricing decisions.
Sellers mistakenly believe that others will automatically like their taste in decorating and do not neutralize their home to attract a wider market.
Sellers often overlook the small details that will set their home apart.
Sellers mistakenly price their homes originally too high hoping to get "more" for their home; and will lose buyers because their home does not compare to others in the same price range.
For more discussion on these and other mistakes, you can:
Real estate consumers would be wise to select an agent:
Make sure interior & exterior painting is in “new condition”.
Screens should not have holes, and windows should work well.
If necessary, power wash exterior of home, especially the front of the home.
Extra cleaning may be necessary for dust collecting places.
Carpets should all be professionally cleaned & spot free, replace if necessary with remnant.
House pets should be kept under control at all times. Eliminate pet “odors”.
All appliances should be in good working order.
Buyer’s first impression on the exterior of the house is important. Do any necessary repairs to improve the home.
Buyer’s first impression on the interior of the house is important too. Complete all repairs to improve interior.
Buyers will often look in closets. Remove unnecessary clutter to make closets appear roomier.
Take items from kitchen cabinets to make them look more spacious.
Rearrange or remove furniture to make rooms appear larger.
Be sure any cabinets are touched up or refinished, Old English can do wonders.
Replace old doormats with any family name of them.
Garage and any storage areas should be neat and clean.
See that all landscaping is in good order, trimmed or pruned, add new wood chips if necessary. Add flowers to enhance curb appeal.
Keep lawns mowed in spring & summer. Remove snow from walkways during winter months.
Tips when “Showing your Home”
Last fall was the 3rd time I used Karla as my agent (2 selling & 1 buying)and I would recommend her unconditionally to anyone. Her ability & experience to analyze the market were always right on and her ability to protect your interests in a transaction provide the upmost confidence in trusting her to get you the best deal. Fred C.
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It has been a pleasure working with Krista in selling my parent's home. She is truly a professional in all that she does. She is knowledgeable and trustworthy and I never lacked for information about how things were going. She did a great job and I would definitely recommend her to anyone looking to buy or sell a house.
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Ed offers great advice on Real Estate. He understands his clients, shows respect, and doesn't force them into any decision. His attitude is positive, caring, and graceful. Finally, he knows what type of loan will match my needs and answers any questions I have. Thank you Ed!
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Lori helped us with buying our very first home six years ago. She also helped us sell it recently. It sold in less than two weeks! She now is working very hard to find us the perfect home for our family. She is Excellent at what she does and we highly recommend her!
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Working with Zach on the purchase of my home in Holland was awesome! He was always quick to respond, detail orientated, very helpful and just a really nice guy to work with! Sue Kamps
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I could not have asked for a more smooth home buying experience. We looked at four condos and I offered on the fourth one. Everything just went like clockwork from placing the offer, obtaining the financing and closing. Jeff is very personable and easy to work with. He was also able to assist my sister with buying a condo and is now helping my daughter and her husband to look for a new home. I really hope I never have to move again but if I do, I will call Jeff - no question.
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Working with David made buying a home so easy. He was very helpful, speedy, and had a lot of knowledge on the homes he took us to see. He helped drive the process along and walked me through every step of it, making sure I understood all the parts that go into buying our first home!
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