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1031 Exchange And Tenancy-In-Common: Seeking The Right Advisor To Achieve TIC Investment Objectives
A long-established section in the federal tax code, section 1031, allows real estate investors to sell property that has been held for investment purposes and defer capital gains and depreciation recapture taxes if they acquire "like-kind" exchange...
How To Make $100,000 And How To Lose A $50,000 From The Same Property
At our new web site, www.GetPreconstructionDeals.com, I always get one specific question sent in after we announce a new preconstruction project: “So Chris, is this preconstruction project a good deal?” . The answer that is expected back by the...
Prepare for Winter Before It Arrives
Even though we are still enjoying warm weather and winter seems far away, now is a great time to begin preparing. If you do a bit at a time before winter hits the tasks are not at all overwhelming.
So often, people wait until the last minute...
Reversible Negatives When Buying A House
So it's time to buy a house. Whether you're shopping on a budget or searching for your dream home no matter what the cost, there are a few things you should keep in mind when you go to view potential properties.
The bottom line is this: Every...
The Surest Way to Happy Customers!
Happy New Year! Here I sit on the first workday of the year. The office is not yet open and the phone has not yet rung. I love this time of year. Nothing yet accomplished, and no mistakes yet made. It is a wonderful time to reflect on the year that...
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Five Things To Do Before You Sell Your Home
1. Surf the Internet.
A NAR survey found a twelve-fold rise in the number of Internet home shoppers during the previous three years. Services found at http://Domania.com like "Home Price Check" and "Value Check" will help you assess your property’s value, using many of the same tools (comps) as a REALTOR® does. There are plenty of other real estate sites worth checking out. However, not all real estate sites are created equally, so surf wisely.
2. Determine the "right" time to sell.
Spring and fall are usually the hottest home-shopping periods, but the downside is that a glut of products makes it hard for yours to stand out. While your location can be a factor (i.e., it's easier to sell a Los Angeles home in the winter), some elements of timing remain constant. For instance, the last week of December may never be a good time to show your house. Most REALTORS® have been through years of real estate sales and can provide overview and advice that’s worth listening to.
3. Decide whether you will conduct a "FSBO" (for sale by owner), buy new construction or hire a real estate agent.
It used to be thought that selling your own home could save you thousands in commissions (about 5% to 7% of the sale price). Nowadays, brokerages featuring MLS listings and new construction are offering cash-back incentives and rebates that have blunted the appeal
of the ‘go it alone’ route. According to the National Association of Realtors, more than half of the people who do sell their home themselves say they would not do it again.
4. If you hire a real estate agent, do so thoughtfully.
Interview several candidates and check references. The National Association of Realtors (NAR) suggests that you ask prospective agents to create a comparative market analysis a marketing profile, and a suggested list price for your home. You might also want to compare REALTORS®
5. Consider MLS Listings.
Many folks just starting out may think a “For Sale” sign on the lawn will do the trick, but MLS Data (multiple listing service), which is collected by real estate agents around the country, provides your listing to thousands of people you’d never reach using just off-line techniques like newspaper ads. MLS data is fairly comprehensive, but keep in mind that not all MLS are the same. In fact, neighboring real estate franchises have occasionally been known to feature conflicting information.
About the Author: The editorial staff of Domania lives and breathes home values.
Find more advice and real estate tools at
http://www.domania.com
Source: www.isnare.com
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