Step Up Cost Basis and Inheriting Real Estate
STEP UP COST BASIS AND INHERITING REAL ESTATE The step up cost basis is a way of adjusting capital gains tax. This means that for the purpose of capital gains tax, the IRS re-sets the cost basis of the property to its value when the asset is...
Measuring Home Equity – The Price you Ask and the Agent You Select
Home Equity Measuring Home Equity; A Homeowners equity in their home is the difference between what the home is worth and what they owe. At any point in time, it's an estimate because value is subjective until the home actually sells. If...
Lessons from a Pro When Selling Your Home
THE STAGERS HOME Lessons from a Pro When Selling Your Home - A professional home stager recently decided to sell the 4,000+ square foot home she lived in with her husband. It was well maintained and by most standards, could have gone on the ...
Home Equity Working for You
YOUR BEST PERFORMING INVESTMENT For most of us, our homes are the largest asset we own and the best performing investment. EQUITY DEFINED Home Equity is defined as; the difference between what your home is worth and what is owed. There are...
Why Do I Need A Home Inventory?
WHY DO I NEED A HOME INVENTORY? As a Home owner, you have Homeowners Insurance to cover damage to your house, that policy likely includes personal property coverage - in case of a burglary, fire, or some other insured circumstance. Do you ha...
How long do I have to keep important documents and receipts?
HOW LONG DO I HAVE TO KEEP THIS STUFF? Are you looking at all those paper files and feeling like you're being over run and out of room to keep them? Especially if you think you may actually never need those files! How long do you really ...
Strategies to Optimize Your Home Sale
Selling a home is totally different than.... selling a car for example, doing a lot of work to your car before you trade or sell it to a dealer isn't generally a good idea, you likely won't recapture your costs. However, as a home seller you'...
How To Maximize Your Home Sale
HOW TO MAXIMIZE YOUR HOME SALE Even though we're in a fast paced real estate market with sales out-pacing new inventory, you still need to position your home for this market and know how to Maximize Your Home Sale. Your home is one of your ...