3 Key Factors of Home Value – Location – Episode #50
Evan and Richard discuss Location and the important roll it plays in your home’s value to a buyer. This is Part 2 of The 3 Factors Mini-Series where we discuss the 3 most important factors in your home’s value to a buyer – Location, Condition, and Price.
For more info:
The Matteson Group
Coldwell Banker Apex, Realtors
214.405.3640
Your trusted real estate advisors providing a joy filled experience!
Location Condition and Price – 3 Key Factors of Home Value – Episode #49
Evan and Richard start their first mini-series ever! The topic: The 3 Most Important Factors in Your Home’s Value to a Buyer – Location, Condition, and Price. This first part of the 4 part series is an overview of the three factors.
For more info:
The Matteson Group
Coldwell Banker Apex, Realtors
214.405.3640
Your trusted real estate advisors providing a joy filled experience!
Positioning Your House to Sell – Episode #8
Richard and Evan give you some tips that will help your home be better positioned to sell. Based on a Proctor and Gamble survey, they discuss actions you can take on the outside and inside of the house that will give you the biggest benefit for the smallest amount of money. The outside is important for drive up appeal, but the inside is where you can really sell your house to prospective buyers. For more info on the selling process click here.
Read MoreNEW 1031 EXCHANGE GUIDELINES FOR VACATION HOMEOWNERS
The IRS has provided guidance regarding whether vacation homes qualify for a 1031 exchange, and not a moment too soon — vacation homes are becoming the trend in Texas among baby boomers.
According to a new IRS ruling, the property must first be held by the taxpayer for 24 months to qualify for a 1031 exchange.
In addition, during each 12-month block of this holding period, the owner must have rented the vacation home for at least 14 days at a fair market rent. Also during each 12-month block, the owner is only allowed to use the property for the greater of 14 days or 10 percent of the days rented.
Owners are also allowed a reasonable number of “maintenance days” to care for the unit.
Source: realtytimes.com
Read MoreStaging your home to sell
A few changes may decrease time on the market and increase sales price.
You know you should clean everything and get rid of clutter.
But aside from that, how do you broaden the appeal of your house?
Here are a few tips:
• Walk through the house and prioritize things that, if changed, would increase the value of your home. For example, repainting a child’s bubble-gum pink bedroom may attract more buyers than something not as apparent, such as replacing an old dishwasher.
• You can direct a potential buyer’s eye away from something negative or toward something positive. Use artwork or a room’s own features, such as a fireplace, to capture a buyer’s attention. However, there’s a fine line. You want buyers to be able to appreciate the room and not just focus on the items in the room.
• Remove any furniture that tightens spaces. If a couch or chair makes you turn your body as you walk by or just makes a passage look small, get rid of it. Everybody wants more space.
• Rid the house of personal effects, and don’t forget simple things like magnets on the refrigerator. Small distractions to the buyers’ eyes will disturb their thinking, preventing them from picturing the house as theirs. And while you want the rooms to look well-decorated and spacious, avoid turning the house into a perfect home. Try to balance the brand-new look with some of its lived-in warmth.
• Potential buyers often feel uncomfortable in bedrooms and bathrooms because they are, by definition, personal and private places. To counter this reaction, make bedrooms and bathrooms look like a model home (toss the lived-in feel out the bathroom window). Clear off all surfaces of the bathroom—remove even simple things like toothpaste and soap. Put out nice, fresh towels instead. The goal is to make these rooms comfortable for buyers. When they’re comfortable, they’ll linger and picture themselves in the house.
• Consider hiring a professional to improve your home’s visual appeal. The fee charged by a “stager” can be worth it if the changes bring a quicker offer or a higher sales price.
To contact us to schedule a Free Home Listing Presentation, call us at 214.405.3640 or email us at contact@themattesongroup.com
Read More17 simple things to make your home more marketable
1. Make sure your entranceway says “Hey, look at me!”
2. Prune dead limbs from trees.
3. Paint (or touch up) exterior, and repair screens and windows.
4. Clean your windows.
5. Check A/C and heating systems.
6. Fix leaky faucets, toilets, and faulty lights.
7. Vacuum drapes and carpets.
8. Repair wall cracks, re-caulk bathrooms and kitchen.
9. Clear out closets.
10. Remove excess furniture.
11. Keep cats and dogs out of visitors’ way.
12. Mow lawn, edge driveway and walkways
13. Ensure windows, doors, and locks work smoothly.
14. Weed flower beds and trim shrubs.
15. Throw out junk from garage and storage areas.
16. Clean lawn furniture.
17. If you have a pool, make it crystal clear.
To contact us to schedule a Free In-Home Assesment, call us at 214.405.3640 or email us at contact@themattesongroup.com
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