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PAINT those ugly brass & silver bath faucets

You can do your own research online for different techniques, but the one I’ve found to be the most descriptive, and the most motivating is this one: http://simpledetailsblog.blogspot.com/2013/03/painted-faucets-shower-enclosure.html

There are a number of different Rustoleum colors to choose from, usually to match some other item in the bathroom, whether it’s the lighting over the mirrors or your cabinet knobs.  Here’s the link to one set of colors: http://www.rustoleum.com/product-catalog/consumer-brands/universal/universal-metallic-spray-paint/

Don’t forget that shower surround either.  You’ll want to make it match the faucets.

 

The Spring Selling Season is coming EARLY in 2014!

If you’ve been thinking about selling your home this year, you might not want to put off those honey-do’s before you go on the market.  In fact, you might want to get them done THIS WEEKEND.

Buyers have seen the issues with low inventory, so they’re already on the hunt even in bad weather (because there IS NO bad weather in front of your computer).

Experian Marketing Services sent out its monthly most visited real estate website rankings earlier this week for web traffic in January. The results are startling.

Web traffic to real estate websites was up 25% from December to 364 million visits.

If you’re wanting to sell, but are waiting, you might be missing thousands of local buyers who are looking now and are ready to transact.

As always, Spring brings out buyers, but this year, they are more motivated to strike quickly.

Mortgage rates have declined over the past month and are currently trending back toward 4% for traditionally structured, well qualified mortgages. This is a significant development for buyers, as interest rates are a huge driver of home affordability along with price and local market conditions.

With prices steadily rising, they know that the time to get a deal is going to end soon, so they have a huge sense of urgency to buy now before rates bump back up (and they will) to normal levels.  Here’s a chart of national home prices over the last few years along with estimates for 2014 and 2015.

So, the buyers are already looking.  If you’re not out there, you’re missing it.  If you need someone to help you out with your punch list, I can help out.  Just call me at 404-444-3446 to set up a meeting.  Please don’t say “I wish I had” when it comes summertime.

IRS Tips for Home Sellers

If you’re selling your main home this summer or sometime this year, the IRS has some helpful tips for you. Even if you make a profit from the sale of your home, you may not have to report it as income.

Here are 10 tips from the IRS to keep in mind when selling your home.

1. If you sell your home at a gain, you may be able to exclude part or all of the profit from your income. This rule generally applies if you’ve owned and used the property as your main home for at least two out of the five years before the date of sale.

2. You normally can exclude up to $250,000 of the gain from your income ($500,000 on a joint return). This excluded gain is also not subject to the new Net Investment Income Tax, which is effective in 2013.

3. If you can exclude all of the gain, you probably don’t need to report the sale of your home on your tax return.

4. If you can’t exclude all of the gain, or you choose not to exclude it, you’ll need to report the sale of your home on your tax return. You’ll also have to report the sale if you received a Form 1099-S, Proceeds From Real Estate Transactions.

5. Use IRS e-file to prepare and file your 2013 tax return next year. E-file software will do most of the work for you. If you prepare a paper return, use the worksheets in Publication 523, Selling Your Home, to figure the gain (or loss) on the sale. The booklet also will help you determine how much of the gain you can exclude.

6. Generally, you can exclude a gain from the sale of only one main home per two-year period.

7. If you have more than one home, you can exclude a gain only from the sale of your main home. You must pay tax on the gain from selling any other home. If you have two homes and live in both of them, your main home is usually the one you live in most of the time.

8. Special rules may apply when you sell a home for which you received the first-time homebuyer credit. See Publication 523 for details.

9. You cannot deduct a loss from the sale of your main home.

10. When you sell your home and move, be sure to update your address with the IRS and the U.S. Postal Service. File Form 8822, Change of Address, to notify the IRS.

For more information on this topic, see Publication 523. It’s available at IRS.gov or by calling 800-TAX-FORM (800-829-3676).

Seller Tips – Asking Price

Seller Tips – Your Bank Account

Seller Tips – See The Light

Seller Tips – Discount Brokers

Seller Tip – Big Dreams

Keller Williams – Highest Customer Satisfaction

Housing Starts up in April

Have we hit bottom? Maybe so. http://eyeonhousing.wordpress.com/2012/05/16/housing-starts-in-april-a-positive-signal/