Category: For Sellers

DIY Projects That’ll Make Your Home Much Harder To Sell

So many DIY kits, tips, and tricks seem like a great idea when we see them in our social media feeds. But in the hands of a novice, such projects can go badly awry, look unfinished, or be abandoned altogether if the homeowner runs out of steam.

Ultimately, rather than save you money, these DIY projects can end up costing you when it comes time to sell—because buyers will steer clear or lowball you, due to what they see as cheap or substandard work that they will have to pay to fix.

Here are some of the most popular DIY ideas that experts say would make your home harder to sell—whenever you plan to make the move.

If You Inherit a House and Sell It, How Are the Profits Taxed?

If you sell your house and make a profit, you must pay capital gains tax—so does the same rule apply when you inherit a house from a deceased relative? The truth is that inheriting property can be taxing—both emotionally and financially.

The amount you must pay when you sell an inherited property can indeed take a toll on your bottom line. But before we discuss the details, let’s take a closer look at what capital gains tax actually is.

Pull Off a Fast-Paced Military Move

If you’re a service member, you know that when things happen in the military, they happen fast. And that’s especially true for prospective buyers during a Permanent Change of Station, or PCS—when you’ll suddenly be buying a house and making a hurried move to a community you know little or nothing about.

Without the luxury of time to stroll through open houses and compare neighborhoods, you might feel uncertain whether you’re making the right decisions.

Don’t worry! There are a few things you can do to help yourself nail this fast-paced move—with no regrets.

First, contact me!  Then check out this article!

5 Secrets To Fetch a Price Beyond Your Wildest Dreams

In the past, selling a home was a relatively mellow affair that required low-to-midlevel effort on your part and at least a few weeks or months to bear fruit.

Now, though, your home might be deluged with offers the very day it hits the multiple listing service, or MLS, and although homes are selling fast, this does not mean you can just kick back and watch the offers roll in.

If you’re looking to fetch the highest price possible and the best terms, it’s time to understand what you’re in for, and how it’s light years different from the way things used to be.

Click to behold the new rules of selling a home today.

Capital Gains Tax on Real Estate

Capital gains tax is the income tax you pay on gains from selling capital assets—including real estate. So if you have sold or are selling a house, what does this mean for you?

If you sell your home for more than what you paid for it, that’s good news. The downside, however, is that you probably have a capital gain. And you may have to pay taxes on your capital gain in the form of capital gains tax.

Just as you pay income tax and sales tax, gains from your home sale are subject to taxation.

Complicating matters is the Tax Cuts and Jobs Act, which took effect in 2018 and changed the rules somewhat. Here’s what you need to know about all things capital gains.

Can a Buyer Inspect a Home Without a Seller’s Permission?

Here’s the scenario: Your house is on the market and you have interested buyers, but they are concerned about the roof. Maybe your home has a bit of damage from the last storm, but it’s nothing major.

Still, a potential buyer sends a roofer to check things out without your approval. Sending a professional to somehow inspect the condition of your home unannounced may seem a bit bold on the buyer’s part. Can a potential buyer send someone—be it a roofer, inspector, or contractor—to inspect a home or snoop around outside without the seller’s consent?

Here’s what the experts have to say about this sticky situation.

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