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