Getting your home ready to Sell!

reduced2Getting your home ready to sell can seem overwhelming, but it doesn’t have to be. However, you need to look at your home from the perspective of a potential buyer.

Here are some tips that can help you on getting your home ready for sell boosting its curb appeal:

  • Add color to you landscape by either replacing flower beds or potted flowers, along with fresh sod.
  • Replace light fixtures and plumbing fixtures that will give your home a modern touch for a minimal investment.
  • Remove window treatments, unless they are current and high-end. That cuts the risk of turning off would-be buyers who don’t share your taste, and uncovered windows that will let more light into the rooms.
  • If you’re using your dining or a bedroom as an office for example, turn it back to their original use.
  • Replace dirty or worn carpet, you’re better off removing the carpet if there are hardwood floors underneath.
  • Uncluttered your house by packing away items that you will not use on an every day basis is a must. You want the new family to envision themselves living in the home.
  • A deep cleaning before you put your home on the market is a must, so everything shines.
  • Repaint all rooms in neutral colors. A fresh coat of paint also makes the house look newer and more modern.

Focus on low cost improvements! This will enhance your house’s curb appeal, and get your house ready to Sell!

Sandy Flores Broker/Realtor (714)963-7462

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Real Estate Market Trends

 We are now seeing a changing trend in the Real Estate Market.  Rising rental prices are encouraging the millennial’s generation  to experience a nudge toward homeownership, and reports showed that First-time buyers are now at the front line of buying a home.  The Zillow Housing Confidence Index also said that about 5.2 million renters are expected to purchase a house this year, up from 4.2 million a year ago. Where job growth is strong, the millennial who were once renting  are ready and willing to buy.

The United States has about 75 million millennials — people born from 1980 and 1995 — and expected this year to surpass the baby boom generation according to a report released by the Pew Research Center.  Buying a home can be terrifying, and even though this is a big step,  many of us have taken it and enjoyed the comfort and security that homeownership has provided for our loved ones and ourselves.

Sandy Flores Broker/Realtor (714)963-7462
Leading your way Home!

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Homeowners may be hit with a massive Tax Bills if extension is not granted by Congress.

Homeowners may be hit with a massive Tax Bills if extension is not granted by Congress.

Congress has left unrenewed The Mortgage Forgiveness Debt Relief Act of 2007 created to help distressed homeowners; that were faced with taxes after a Principal reduction. Under current federal Pay-Estimated-Taxestax law, when the homeowners accept reductions in what they owe, the amount forgiven by the bank gets reported to the IRS, and the owner is hit with taxes as  if it were ordinary income.

Without Congressional action to renew the breaks, those whom banks allowed to sell their homes for less than the amount of their mortgage would have to pay taxes on the forgiven mortgage debt as if it were income, and it will hit hard on homeowners with a massive tax bills. This Congressional inaction could add $75K  in phantom income.

RealtyTrac estimates that in the first three-quarters of 2014, there have been more than 170,000 short sales representing a mortgage debt forgiveness of $8.1 billion total. The average short sale has a mortgage forgiveness of about $75,000, which if the tax break expires would be counted as income.

If Congress does not extend the law retroactively thousands of underwater homeowners could be hit with tax burdens that may not be able to handle.