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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  





Posted by Heidi Mahoney on 3/21/2016

It is common question that real estate professional get; what is my home worth? Unfortunately, it is a question that does not have an exact answer. There are ways to determine about what your home is worth. You may find online estimates that say one thing but is that a true test of what the market will bear? So, how can you really determine what your property is worth? 1. Consider Solds-Look at other comparable homes in your area that have recently sold. This will give you a good idea what buyers are willing to pay. 2. Consider Under Agreements/Pendings-Although it is difficult to tell what a home has sold for before it closes you may be able to tell the demand in a price range. Look at the asking price of the home and how long it was on the market. If you see a trend of homes going under agreement quickly you may assume they are going closer to the asking price. 3. Consider Active Listings-Real estate is about competition just like any other commodity. It is important that your home be competitively positioned against other comparable listings. The asking price is a part of the marketing plan of the home. 4. Online Values-Be wary of online estimates. The very definition "online" takes the human factor out of determining the value.  A computer program cannot take into account the nuances of location, home style and home condition. 5. Sell It-The only way to know a home's true market value is to sell it. At the end of the day a home is only worth what a buyer is willing to pay.  







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