Jan 10, 2010
Bright and Airy Homes Sell Better
Home selling, while time consuming can be intensely rewarding when the final offer finally comes in. There is nothing like the feeling of selling your home for an amount that males you happy and makes you some money. However in achieving this goal you may want to make a few changes to your home so that it shows better when listed, Homes that have dark and morose colors do not show too well as the dreary feeling of the dark paint is not really conducive to a selling environment. Buyers like to feel welcomed and warm when they arrive at a home and a gloomy atmosphere is the worst thing they can arrive to.
In keeping a home bright and airy it does not mean that you have to fore go those darker colors that you like so much, simply that for the home to sell right you may want to save those darker colors for your new home and put something warm on the walls before the show. Also, in preparing for the showing, make sure to take down and art that might not be to the taste of the masses. It is likely that there could be people of all ages viewing your home from children to seniors and it’s a safe bet that they will not all share your taste in decorations or art. Anything questionable or risky should go. This is especially true if you have teenage kids as they have a tendency to put loud posters and clippings on the walls.
Keeping the home airy is another good practice for selling. during the summer it is nice to have the windows open to catch a gentle breeze. Also having the rooms well lit will help to create a more open feeling. Homes that feel stuffy and congested always take longer to sell than homes that are open and airy.
Humans as a species do not like to feel “hemmed in” and dark colors and too much furniture can easily create that feeling. Especially in a smaller home. If it is necessary to remove some furniture prior to the show then do not hesitate to do so. The more open the home the better it will show.
Watch the video related to home selling
Some guy on the Shop at Home Network was selling a Ninja Sword. He thought he could play around with it. Too bad he wasn’t man enough.
Help answer the question about home selling
Can i claim capital loss even if i don’t convert primary home into rental property before selling?
i am about to sell my home and the market isn’t good. so, if i sell at a loss, do i need to pay tax?if not then can i claim the losses and how much even if i do not convert the primary home (the one i a,m selling) into a rental property prior to the sale? I’ve heard that one can deduct $3000 from IRS if home is sold at loss but what if it is not converted into rental property before sale??really confused.
About Author
Justin Lee is a real estate agent specializing in Montgomery County real estate. justin’s background in economics gives him uncanny insight into the thriving Washington D.C. real estate market. For more information contact Justin soon or visit online at www.jdlrealestateonline.com
thank you,,please watch my tutorials on how to sell on ebay
Great Video presentation
Thanks very much
All great answers! No one mentioned if you short sale your house yo also get a 1099 from your bank for the difference. They make you claim tax on it as if it were income.
There is a revision on this law currently being voted on or something.
Declutter, depersonalize and clean. Have the place in market ready condition as much as possible, price appropriate for the market and implement the suggestions that his Realtor gives him.
You could always try to offer your assistance to people who are selling their house without an agent. The newspaper has tons of FSBO ads. Try calling some and see if anyone is interested.
You could also try calling some of the larger real estate companies and work as a stager and also maybe do some other assistant work.
Great Video Presentation,now I have more ideas how to start my business.Thanks
Will buyers need to only do cosmetic work or are other significant repairs needed? Is your home in a highly desirable area?
If it's in an average neighborhood, your best chance of selling a property "as is" is to set the selling price low, probably lower than you would want…
Set up a meeting with a real estate agent and get their input.
If you are really motivated to sell and get as much as you can out of your place, you probably will need spend some money as the other answers have suggested.
Do you have family or friends who can take your children to their homes for a while, while your husband & you are doing the necessary improvements? Your thirteen year old is old enough to help you with some of the work. Perhaps he can do some of the lawn work.
You major fee is the commission which is negotiable. 6% is typical in PA, but 5% is also very common. Your selling broker will split this fee with the buyer's broker.
Other fees are transfer tax of 1% of the sales price. ($3000)…
There are a few other incidentals that may run a couple hundred.
These costs are taken out of the "net" proceeds at closing. (sales price – loan balance – seller assist).
Have you lived in it for at least 2 of the last 5 years? If so, there's no capital gains tax from the IRS, and the money is yours to spend as you wish.
Glenn is correct – This all depends upon what you'll do with these newly cleaned up credit cards….. It's a falacy that people can get out of debt by placing all their credit card debt onto their house. They usually run up their cards again in a few years and are then worse off than before.
Put the money to the house. Start paying EXTRA to your credit cards. Start cutting up your credit cards. Then start sending extra to your house.
FREEDOM!!!!!!
If your permanent residence will be in the US, you will be leaving (emigrating from) Canada. Upon leaving Canada you will trigger a "deemed disposition" of all your assets in Canada. This may cause you to owe capital gains taxes.
See the CRA website below for more info.
Loss on sale of personal residence is not deductible on tax return. You have a good idea about turning the house into a rental property, but should probably have it be a rental for around 1 to 2 years before selling it in order to make a good case if the IRS ever decided to audit you.