| Making the decision to sell is a serious one. | | | | Purchasing a home is an emotional event. Yes, |
| To make the best decision, you need to give | | | | it is a good investment, but people rarely |
| some thought to a number of issues. Here are | | | | fall in love with investments. Instead, they |
| a few you should consider.More Things to | | | | fall in love with the characteristics of a |
| Consider When Selling Your HomeAs the red hot | | | | home. If you have a great view, emphasize it |
| real estate market cools a bit, sellers must | | | | in your marketing and add a picture. Marble |
| return to the basic fundamentals of selling a | | | | top kitchens? Make sure prospects understand |
| home to get the job done. The days of listing | | | | the value. The point is simply to identify |
| a residence and having a great offer in a | | | | those aspects of the property that make it |
| week are fading away. Instead, we are | | | | unique. Ask yourself what you like best and |
| returning to the more traditional scenario | | | | then put it in the marketing.3. What kind of |
| where you have to actually put some effort | | | | tax hit are you going to take on a sale? Yep, |
| into selling the property.With a return to | | | | the IRS wants a chunk of change on any |
| traditional real estate markets, selling your | | | | property sold at a profit. This is not a tax |
| home is not the slam dunk process it used to | | | | article, but generally one can exempt |
| be. Here are some questions you need to | | | | $250,000 of the sale proceeds if you are |
| consider when selling.1. Is the house ready | | | | single and $500,000 if you are married. There |
| to be sold? This may sound like an odd | | | | are all kinds of tax rules, so make sure to |
| question, but it really is not. Whereas | | | | speak with an accountant so you can gauge |
| buyers would snap up anything over the last | | | | just how much money you will actually walk |
| few years, they are now more choosy. This | | | | away with and can use for a new property. You |
| means you need to clean up both the outside | | | | do not want to get into a situation where you |
| and inside of the home. Clean everything. | | | | do not have enough money to buy something |
| Repaint faded areas. Landscaping can make a | | | | new.The decision to sell your home is one |
| major difference and you should definitely | | | | that should not be taken lightly. Make sure |
| take steps to spruce up your property. | | | | you understand the ramifications. If you |
| Carpets also may need to be replaced.2. Are | | | | decide to sell, put your best foot forward |
| you properly focused on the correct | | | | with the property.Raynor James is with the |
| attributes of the property? The term Dream | | | | FSBO site - FSBOAmerica.org - homes for sale |
| Home is used in marketing for a reason. | | | | by owner. |