Thursday, March 8, 2012
Tuesday, March 6, 2012
12 Ways To Sell Your House In This Crappy Market #8
12 Ways To Sell Your House In This Crappy Market
Flight to quality
Worried about durability? Buyers who place a heavier focus on brick or concrete-and-steel housing may find they're more enduring, safer and quieter. Are you worried about sustaining value? Buy near a good school district, a prestigious hospital, university, large government employer or newly vibrant central business district. These entities typically aren't going away, and the demand for good housing around them won't either.
Thursday, March 1, 2012
Sellers Willing to Do More to Get Home Sold
Sellers Willing to Do More to Get Home Sold
sellers are more willing this year to price their homes competitively as well as change the appearance of their home in order to lure buyers, according to a recent survey of real estate professionals. Agents reported that, compared to last year, sellers are more willing to remove clutter; make cosmetic updates, such as minor repairs; "depersonalize" the home; and stage the home to better their chances of getting it sold, the survey finds.
Meanwhile, the survey also found that agents say buyers are most putting a value on new or updated kitchens, bathrooms, and open floor plans when touring homes.
Tuesday, February 28, 2012
Central Arkansas' only "Real Estate Master" recipient from The Real Estate Training Institute
Central Arkansas' only "Real Estate Master" recipient from The Real Estate Training Institute
Tuesday, February 21, 2012
12 Ways To Sell Your House In This Crappy Market #6
12 Ways To Sell Your House In This Crappy Market
Finance 101
Realize it's harder to qualify for loans these days. Credit records are under greater scrutiny, and lenders are often demanding a 10-20 percent down payment and some pricing flexibility from the sellers, especially if the lender's appraisal doesn't reach the asking price.
Consider cash offers, even if they're not the highest. Reject too-low offers from homebuyers gently and with encouragement, telling them they're oh-so-close. You don't want to give away the farm, but you don't want to give it back to the bank either. These days, meeting halfway usually means meeting buyers on their half.
Monday, February 20, 2012
It's Only a RUMOR!
It's Only a RUMOR!
3.8% Tax Is Not a Transfer Tax on Real Estate: Tax time is nearing and once more rumors are circulating on the Internet and by e-mail that the health care reform law enacted two years ago includes a 3.8 percent transfer tax on real estate starting in 2013. That rumor is not true. It’s a tax on a very narrow band of investment income for high-wealth households (those who earn $250,000 in a joint return or $200,000 as an individual) that could come into play on the sale of a house if the sales gain is more than $500,000 for a married couple, or $250,000 for an individual.
Even in the unlikely event the sales gain is more than that amount, the tax would only apply based on other considerations having to do with the household’s income and tax situation. The bottom line is that the tax, which was imposed to help shore up Medicare, will hit only some portion of investment income.
Source: National Association of REALTORS®
Friday, February 17, 2012
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