Sabrina Carr's Blog
Winchester, MA 01890
For those who want to sell a home sooner rather than later, there is no time like the present to start preparing for the home selling journey. Lucky for you, we're here to teach you about the home selling journey and ensure you can enjoy a fast, profitable house selling experience.
Now, let's take a look at three tips to help you put together a home selling strategy.
1. Learn About the Local Housing Market
The real estate market is in constant flux. Thus, a housing sector that favors buyers today may shift into seller's favor tomorrow, or vice-versa.
If you learn about the local housing sector, you can differentiate a buyer's market from a seller's market. Then, you can map out your home selling plan accordingly.
Take a look at the prices of recently sold houses in your city or town. If you find that homes are selling at or above their initial asking prices, this may be a sign of a seller's market. Or, if houses are selling below their initial asking prices, the current real estate sector likely favors buyers.
Furthermore, examine how long houses stay available before they sell. If you discover that residences linger on the real estate market for many weeks or months before they sell, you will need to prepare to enter a buyer's market. On the other hand, if houses are selling as soon as they become available, a seller's market may be in place.
2. Find Out What Your House Is Worth
Conduct a house appraisal – you'll be glad you did. If you perform a property appraisal, you can obtain an accurate valuation of your house and price your residence appropriately.
Typically, a home appraiser will examine your residence both inside and out. This property expert also will evaluate assorted housing market data. After a home appraiser's work is complete, he or she will provide you with a property valuation.
With a property valuation in hand, you can establish an aggressive initial asking price for your residence. This price will help you stir up interest in your residence as soon as you list it.
3. Hire a Real Estate Agent
There is no need to work alone as you try to navigate the home selling journey. Thankfully, you can hire an expert real estate agent who can take the guesswork out of selling any house, at any time.
A real estate agent understands what it takes to sell a home in a buyer's or seller's market. He or she will help you establish an aggressive initial asking price for your house and promote your residence to dozens of potential buyers. Plus, if you receive an offer to purchase your home, a real estate agent will help you assess this proposal and make an informed decision.
When it comes to getting ready to sell a home, there is no need to stress. Take advantage of the aforementioned tips, and you can craft an effective home selling strategy.
Beverly, MA 01915
Want to transform an ordinary garage sale into a successful one? Sell your electronics, and you can cut down on clutter, earn extra cash and speed up the home selling process.
If you plan to list your home in the near future, a garage sale offers a great opportunity to remove excess items from your house. Meanwhile, there are many electronics that you can sell to help stir up interest in your garage sale, and these include:
You may be in no hurry to get rid of your big-screen TV. However, it is important to remember the time and energy it may take to move your TV from one home to another.
Ultimately, you may need to hire a moving company if you want to guarantee your TV can make it to a new address. And if you decide to move your TV on your own, you may struggle to do so due to its size and weight.
If you intend to sell your TV during your garage sale, you should learn as much as possible about this device. That way, you can establish a competitive price for your TV.
Also, if you have a TV remote or DVD player that complements your TV, you may want to consider selling these items at your garage sale.
2. Video Game Console
After spending many hours playing video games, now may prove to be the perfect time to sell your favorite video game console.
Many garage sale shoppers search far and wide for video game consoles, which means you may be able to generate plenty of interest in your video game system. In addition, if you own a "retro" video game console, you may be able to turn a significant profit from it.
If you sell a video game console during your yard sale, ensure the device works properly and includes all associated cables and wires. Furthermore, perform online research to understand the true value of your video game console to guarantee you can price it competitively.
An old computer may take up space in your house. Fortunately, a garage sale makes it simple to get rid of this device before you sell your residence.
When it comes to selling a computer, it is always better to err on the side of caution. Thus, you should clear your computer's hard drive to remove any sensitive information from the device altogether.
Moreover, if you own a printer, mouse or other items that complement your computer, it may be worthwhile to sell them as part of a package deal.
Selling your electronics at a garage sale may be one of the first steps to eliminate excess items from your residence prior to adding your home to the real estate market.
Lastly, if you need extra help with selling your home, you should collaborate with a real estate agent. By doing so, you can seamlessly navigate the home selling cycle and boost your chances of a profitable home sale.
Buying your first home is probably one of the biggest purchases you’ll make in your life. But, it does come with its advantages. Among them are tax breaks and deductions that you can take advantage of to save money if you play your cards right.
In today’s post, I’m going to cover some of the tax breaks and deductions that first-time homeowners should seek out this tax season to help them lower their tax bill.
While earning points is a good thing on the basketball court, it can be a financial drain on a mortgage. Mortgage points are what buyers pay to the lender to secure their loan. They’re usually given as percentage points of the total loan amount.
If you pay these points with your closing costs, then they are deductible. Taxpayers who itemize deductions on their IRS Form 1040 can typically deduct all of the points they paid in a year, with the exception of some high-income taxpayers whose itemized deductions are limited.
If you’re one of the many people who made a down payment of less than 20% on your home, odds are that you’re going to be stuck with PMI, or private mortgage insurance, until you pay off at least 20% of the loan balance.
The good news is that homebuyers who purchased their home in the year 2007 and after can deduct their PMI premiums. However, the state on premium insurance deductibles is something that frequently comes up in Congress, so homeowners should ensure that these deductions are still valid when filing their taxes.
Mortgage interest accounts for the biggest deduction for the average homeowner. When you receive your Form 1098 from your lender, you can deduct the total amount of interest you’ve paid during the year.
Another deductible that shouldn’t be overlooked by first-time buyers is local property taxes. Save the records for any property taxes you pay so that you can deduct them during tax season.
Home energy tax credits
Some states are offering generous tax credits for homeowners who make home improvements that save energy. There are a number of improvements you might qualify for, including things like insulation and roofs, as well as photovoltaic (PV) solar panels.
Many first-time buyers withdraw from an IRA account to be able to make a larger down payment on their home or to pay for closing costs. In most other cases, withdrawing from an IRA will count as taxable income. However, if your IRA withdrawal is used toward a down payment or closing costs, the tax penalty is waived.
Keep these tax breaks and deductions in mind this tax season to help you save money and get a larger refund.