Understanding the Property Exchange Process

You’re probably already familiar with Section 1031 of the Internal Revenue Code, and it’s particularly useful to know when selling real estate. A 1031 exchange refers to the trade of one business or investment asset for another—in this case, property. If the exchange falls under certain conditions, both parties may be able to receive tax exemption for it. Below are …

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Modernize Your Kitchen Before Putting it on the Market

According to Remodeling’s 2015 Cost vs Value Report, a midrange major kitchen remodel costs about $62,441 on the West coast, but sellers were able to recoup an average of 81.1% of the cost. Below are the three best improvements to plan that promise the most return of investment. Cabinets Although replacing cabinetry is almost always the most expensive part of …

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Save Up For That Down Payment

In a few previous posts, I discussed how putting down 20% of the listing price helps buyers construct stronger, more competitive offers. However, 20% may be a good-sized chunk of your income. Here are a few tips to help you save your money and be able to present a great offer to buy the home of your dreams. Start budgeting …

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2016: A Great Year to Purchase a Home

There’s more to choose from Home prices are expected to rise only 3.5 percent by the end of 2016, which is at a slower rate of increase compared to what the U.S. economy has seen in previous years. Because sellers have experienced price appreciation, they may be more likely to put their homes on the market sooner in order to …

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How to Add Curb Appeal to Your Home

Preparing your home for being listed on the market isn’t just about paperwork and permits. Whether it’s your first showing or an open house, it’s incredibly important to present the best possible version of your home to potential buyers, and that means making sure the exterior looks absolutely lovely. Here are great ways to get your home noticed for the …

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Even More Ways to Compete with Multiple Offers on Your Dream Home

  Avoid too many contingencies The best way to explain a contingency is an “if/then” statement- “Only IF these conditions are met, THEN I will go through with the purchase”. One of the most common contingencies found in buyer offers is an inspection contingency, which requires a thorough home inspection before any closing documents are to be signed. Although this …

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Competing with Multiple Offers on Your Dream Home

Have a Great Realtor on Your Side Before you make an offer on a home, it’s important to consider both sides of the transaction. What do you want? What does the seller want? What does their listing agent want? The first question is a pretty simple one to answer: you probably want to get the lowest price possible, along with …

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Understanding the MLS

The MLS, or Multiple Listing Service, is an online database of homes that are listed for sale. Most real estate agents are members of the MLS, as well as local real estate brokerages. The service works by consolidating information, which allows even the smallest listing brokerages to connect with brokers who have clients looking to buy. Realtors or brokerages will …

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Sell Your Home Without Getting Sued!

There are countless details to stay on top of when you’re trying put your home on the market, and the last thing you need is to deal with legal action. Here’s how to avoid lawsuits of any kind on your journey to sell your house. Provide the proper disclosures You’ll need to provide the disclosure documents after you’ve accepted a …

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