Archive for the ‘Seller Tips’ Category

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A Very Congressional Christmas

December 29, 2007

Congress passed a favorable tax bill just before breaking for the holidays which has generous implications for real estate. A month ago if a couple, filing jointly, sold a principal residence they could exclude up to $500,000 in gain. Single filers could exclude up to $250,000. This is a huge chuck of change and a good reason people who buy homes below market value wait EXACTLY two years to sell them after living there. Heck, I know people who move every two years just to take the un-taxed gain! This was all well and good unless your spouse happen to die.

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A Picture Ain’t Always Worth 1,000 Words.

November 29, 2007

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While recently researching potential properties for some buyer clients of mine, I came across a listing with the above photo attached. Good area, decent price and it seemed to have several of the features my buyers were looking for. Although MLS allows agents to upload 30+ photos for each listing, this was the only photo attached to this listing. Seeing the remnants of snow on the roof , and knowing we hadn’t had any yet this season, I took a look at the listing history of this property. This property has been on the market for 626 days. It originally listed back on March 1, 2006. We probably had some snow back then. Seeing a listing like this iritates me for several reasons: Read the rest of this entry ?