Posted on : 07-10-2010 | By : admin | In : New Home For Sale
Contrary to popular belief, staging a home for sale is not redecoration. When you redecorate a home you target the seller and the personality of the seller. On the other hand, staging a home for sale specifically targets the buyer. There is preparation that must be done even before you begin to stage a home for sale. This article will look at a few preparation strategies before you stage your home.
Staging a home for sale focuses on improving a property to make it appeal to the largest number of buyers. The home is transformed into a welcoming, appealing, and attractive home for sale.
Staging also raises property value through reduction of the home’s flaws. The house should be depersonalized, free of clutter, cleaned and landscaped. We will consider a few more things that need to be done when preparing a home for staging.
If you have the space for it, I recommend getting a big dumpster and arrange for it to be hauled away when full. Get a good size one. The dumpster can handle more than you think, don’t panic. Go through your stuff and toss away everything that you’ll never use.
Get regular size boxes 16″ x 12″ x 12″. This box size is just about perfect. Consider some of their larger boxes, too, for things like dishes, toys and other things you have. Remember, if it’s a big box and you fully stuff it, it’s going to weigh a lot more than a smaller box similarly stuffed.
Invite your friends over for a party as they help you pack. Be sure to wrap your dishes in something soft like the big bath towels.
Write on the boxes with a black felt tip marker information such as:
1. The room it goes in.
2. Once you know the number of boxes for a given room, you can write the box numbers like this, #4 of 7.
3. Indicate the contents and whether they are fragile.
If you’ve hired movers, do not let them move things like your computer or things that are irreplaceable if damaged. Move these yourself. You’ll take much better care of them than the movers will, even if you mark a box fragile for them.
If it’s a big move, offer to buy the movers lunch. Fast food or pizza will do. They’ll love you for it, and will generally take much better care of you.
If they deserve it, give the movers a good tip. Where they courteous? Did they make a reasonable effort to be careful with your stuff? Give them a tip, don’t be a miser.
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Sacramento Real Estate tells the banks to get with the program. Start accepting offers. Banks are sitting on Foreclosed homes hoping prices go up. Start accepting offers while home buyers and investors are still interested. Sacramento Realtor does not feel sorry for the banks!
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who I contact if I want to get my refund from a home sale in California?I sold a home in Sacramento last year for 20k in profit, the state took 12k for tax (1% of the sale price), When I did my tax return I counted my sale expense towards the profit and lowered the profit, I still haven't get my 12k or partial of 12k back. Where I can go to get the process going? Anyone knows? Thanks….
The IRS will take their liens first and then if there is anything to be divided they will send you a check although if you can prove your half is sufficient for the tax years involved they may cut you some slack but i highly doubt it .
The actual foreclosure is not counted as a sale. It only becomes a sale once the lender has successfully sold the property to another owner.
You need to contact the State franchise board.
They are not used to be audited, I am not sure how they will react. They already gave out their refunds though, so obviously you have a problem.
The escrow company screwed up too, your expenses were supposed to be handled before you received your money, you should not have had to claim them after the fact.
The profit from the sale of your home is exempt from any tax if you lived in it for 2 of the 5 years immediately prior to the sale. Up to $250,000 is exempt if your filing status is Single and up to $500,000 is exempt if you are Married Filing Jointly.
You do NOT need to purchase a replacement home to get the exclusion. That's the old "Rollover Replacement Rule" and was a deferral, not an exemption, that was thrown out about 10 years ago.
If you wish to put some of the profit in an IRA you are free to do so if you are otherwise eligible to make an IRA investment, i.e. you have at least that much in taxable income and you have not already contributed the maximum amount for the tax year in question. If the profit is tax exempt, I'd highly recommend a Roth IRA since the gain is tax free upon withdrawal if you wait until age 59 1/2.
You are being lied to for some reason or another. If you have a signed purchase and sale agreement with yours, the seller's and your respective representatives. Then there is nothing the seller's mortgage company can do to stop the transaction. In fact they have nothing to do with it. Once your lender has completed the loan packet and the appraisal, the approval, title searches and inspections are done. Then it's just a matter of drawing doc's. That is when the escrow company will get a hold of the current lien holder on the house and get the appropriate payoff's.
So agree with what the other person said, that perhaps they are trying to hold out for another offer. However if you have a finalized purchase and sales agreement then they are putting themselves at risk for a law suit particularly if you gave them Ernest money with the P&S. It also sounds to me like you are not working with a Realtor who acts as your buying agent which is a huge mistake. Never ever under any circumstances deal with a selling agent without obtaining the services of a realtor to act as your buyers agent.
When you are showing the house anything that is not included in the sale MUST be clearly marked.
We planned to take our children's Swing set with us because it wasn't concreted in and had to leave it, we asked for our Curtians in the kitchen because it matched our entire kitchen set and I didn't know I need to remove them before listing.
But yes, when you put your home on the market, if you want to keep the watersoftner or the Fridge or the Curtians, you must clearly mark it and state that in the paper work that the Fridge, curtains, water softner are not included, then lets say they wanted the water softner, you could negotiate to leave it, as some owners do with pools and pool tables.
To include the purchase in the sale and they pay for it in the purchase price by upping the purchase price.
Another thing is that you can't sell something you are making payments on. For example, we had bought a Furnace and we were not done paying for it, we had to pay it off before we could sell the house.
Yes, get a lawyer involved that way both parties interest will be safe. I would never attempt going it alone if there is friction in the family. Good luck to you.
By the way, your question was very clear to me.
If you are married, the amount you pocketed was under $500,000 and you reinvest it in your primary home within two years, it's no difference at tax time.
If you are single, the cap is $250,000.
Congrats in making money on your house!
Hello. The usual commission for the sale of a home is 6%, split between the buyer's agent and the seller's agent, unless the same broker handles both parties.