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Posted by Heidi Mahoney on 3/27/2017

Springtime brings warm temperatures and lots of sunshine. It also may prove to be a great time to add your home to the real estate market, and for good reason.

Ultimately, there are many reasons to list your home in spring, including:

1. Many homebuyers are ready to take advantage of their tax refund checks.

Tax season concludes in spring, which means many Americans will receive tax refund checks. Meanwhile, Americans who receive hundreds or thousands of dollars in tax refunds may be ready to use their tax refund checks to pursue properties.

For home sellers, it is important to dedicate the necessary time and resources to ensure that you home stands out from others in the spring real estate market. If you boost your property's curb appeal, you may be able to make a positive first impression on homebuyers. As a result, homebuyers may be more likely to submit an offer on your home over others.

2. There may be less competition from other home sellers.

When the temperatures improve, interest in the housing market heats up. As such, home sellers who are ready to list their properties in spring may face less competition than they would during summer.

Remember, the early bird catches the worm, particularly in the housing market. As a home seller, you should do everything you can to get your home ready to add to the real estate market in spring. By doing so, you may be able to gain a competitive advantage, one that could help you accelerate the home selling process and maximize the value of your property.

Try to complete home interior improvements in winter if possible. This will ensure that you can get your house ready for spring. And when spring finally arrives, you should have no trouble adding your house to the real estate market without delay.

3. Many experienced real estate agents are available.

Selling a home in spring may be difficult, especially for home sellers who are listing a property for the first time. Lucky for you, many experienced real estate agents are available to help you sell your house in spring.

Unfortunately, not all real estate agents are created equal, and it is important to collaborate with a real estate agent who has your best interests in mind. You should try to find a real estate agent with a proven reputation, i.e. someone who understands the spring real estate market. In addition, your real estate agent should be able to set up open houses, keep you up to date on offers on your home and respond to your concerns and questions.

Spend some time assessing real estate agents in your area – you'll be happy you did. Meet with real estate agents and review their qualifications, and you can improve your chances of finding the perfect real estate agent to help you sell your house in spring.

Spring offers many opportunities for home sellers. And if you plan accordingly, you should have no trouble generating plenty of interest in your home during springtime.




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Posted by Heidi Mahoney on 11/14/2016

For home sellers, revamping a kitchen can help transform an ordinary house into an exceptional home. In fact, a high-quality kitchen may make a world of difference for a prospective homebuyer who is considering multiple properties. So what does it take to transform your home's kitchen into an asset that can improve the value and quality of your entire home? Here are three kitchen improvement tips that every home seller needs to know: 1. Plan Ahead. Spend some time planning out how you want your kitchen to look. By doing so, you'll be able to map out your kitchen, decide where new appliances like a refrigerator and stove should go and work toward creating an awe-inspiring kitchen. To plan for your future kitchen, you'll want to consider your current kitchen, too. Your current kitchen might not be perfect, but you should try to keep things in place that you enjoy and get rid of things you don't. 2. Focus on Quality Over Appearance. A sleek appliance won't necessarily prove to be the best appliance. However, a top-rated appliance likely will serve as a viable option in just about any kitchen. Remember, homebuyers frequently search for value, particularly when it comes to a residence's kitchen. As such, you'll want to equip your kitchen with first-rate appliances, especially if you plan to include these appliances as part of a home sale. Ultimately, state-of-the-art appliances could serve you well. And even though you may wind up paying more for high-end appliances, these items could help you receive better offers for your residence. 3. Use Lighting to Your Advantage. Your kitchen should function as a bright, inviting space. Meanwhile, with the right lighting in place, you'll be able to show homebuyers that your residence's kitchen can provide a wonderful spot for family dinners, special events and much more. Ambient lighting such as flush-mounted ceiling lamps and wall sconces can help your kitchen make a distinct impression on homebuyers. Furthermore, task lighting such as under-cabinet lighting offers a perfect mix of form and function, as it can illuminate a particular area of your kitchen and looks great day after day. Don't be afraid to consider a variety of lighting options as you look to reinvent your kitchen. With the right lighting in your kitchen, you'll be able to effectively illuminate this space. Of course, when it comes to revamping your residence's kitchen, your real estate agent may be able to help out as well. This real estate professional can offer suggestions and recommendations and enable you to find the best ways to enhance your kitchen without breaking your budget. Kitchen improvements are paramount for home sellers who want to make their residences more attractive to homebuyers. And home sellers who are committed to accelerating their chances of a fast sale can work toward bolstering the quality and appearance of any kitchen thanks in part to the aforementioned tips. Begin your kitchen improvements today, and you'll be able to increase your chances of generating significant interest in your home.





Posted by Heidi Mahoney on 11/7/2016

A common question for sellers is if they will owe capital gains tax when they sell their home. The answer to that question: it depends. The capital gains tax law known as the Taxpayer Relief Act went into effect in 1997 but there is still a lot confusion over who pays what and why. If you sell your home you will not have to pay capital gains tax if:

  • You are selling your personal residence.
  • You have $250,000 in profit or less if you are single and $500,000 if married.
  • You have lived in your home for two of the last five years.
  • The home is not an investment property.
The capital gains exclusion can be used as many times as you like as long as it meets all of the above criteria. If you are going to make more than $250,000/$500,000 in profit you will be taxed at a 20% capital gains tax rate on the amount over the $250,000/$500,000 threshold. There are exceptions to the rule. You may be eligible for a tax break if:
  • You need to sell your home because a change in health.
  • You need to sell your home because of a long distance relocation.
  • You are in the armed services and moved to fulfill your service commitments.
Your individual tax situation may be different, so make sure to consult a qualified tax accountant or attorney.  





Posted by Heidi Mahoney on 7/18/2016

They say a picture is worth a thousand words and we often focus so much on the photos of our home that we put little emphasis on the words that are used in Words are powerful and because the multiple listing service limits the amount of words that can be used in a listing it is important to make them count. Here are some words and phrases to bring in the buyers: Create an emotion: Buyers buy on emotion so be sure to tell them what it is like to live in the home. Paint a picture of sitting by the fire or entertaining in the open floor plan. Use specifics: Don't just say new or updated. If the kitchen boasts high-end appliances tell the potential buyer the brand name. Describe the shelves and racks in the walk-in closets or the brand name replacement windows. Highlight location: Is the home blocks away from stores, transportation or can you see the beach from the bedroom window? If so, tell the buyer exactly how close it is to desirable amenities and community resources. Update the listing: Change up the wording if the house has been on the market for a while. Try highlighting some different features. Don't forget to remove the comments about the Open House or how the listing "won't last". The words that describe your home can be just as important as the pictures so make sure that you use every character allowed to highlight the features and bring in the buyers.  





Posted by Heidi Mahoney on 6/27/2016

Many people think they can go it alone when it comes to selling their home but there are many good reasons to hire a professional to do the job. Here are just a few of the many reasons to hire a real estate agent when selling your home: According to a study done by the National Association of Realtors, a seller who uses a real estate agent typically gets 16% more in the sale of their home than an unrepresented seller. It won't cost you a dime unless the home sells. A real estate agent and their company take on all of the costs of marketing your home and don't get paid unless the home sells. Negotiating can be tough especially when it is your own home. Your agent will do all the negotiating for you. Real estate paperwork can be confusing. Your agent will take of all the paperwork and make sure everything is done according to the laws in your area. There is no emotion. Selling your home can be emotional and using a real estate professional will help you objectively evaluate offers and determine a selling price. Just like any job it is always better to hire a professional. "When you hire people that are smarter than you are, you prove you are smarter than they are.”  R.H. Grant  







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