Looking To Sell a Home?
You've heard the saying that real estate is local. It is also cyclical so it's important to have up to date information to help guide your decision about when to sell and how to price your home. Brandon can offer comprehensive market analysis and insights to help you prepare your home for sale.
A home is a commodity and price is driven by what the market is willing to pay. That's why pricing your home correctly is one of the most important factors in getting your home sold quickly. To properly set your price, and your expectations, check out recent sales in your neighborhood.
Working with a experianced up to date agent gives you an advantage in your local market. From facilitating pricing, physically preparing a home for sale, navigating negotiations, Brandon is also adept at working with home inspectors, home appraisers, mortgage bankers, title companies, and can guide you through the entire real estate process from selling a current home to purchasing a new home
How do I know my home is ready to sell?
There are many factors that are telling of your home being sale ready.
Curb appeal, staging -etc. I would be happy to schedule a time to see if you are "sale ready!"
In real estate, the final selling price is negotiable. Plan to negotiate when an offer(s) is received. Brandon can assist you with crafting counter offers and negotiating tips and techniques.
Once you come to terms on the sale price, it is in your best interest to close the deal as quickly as possible. To more easily and quickly complete the transaction, it is prudent to have disclosure documents and home upgrade and enhancement records available.
Ready To Buy a Home?
Buying a home is most likely the single biggest purchase you will make in your lifetime. In today's information-rich landscape, consumers have access to a wealth of data and insights. Leverage the many available on-line tools and databases to help understand your options - from financing to budgeting to neighborhoods.
Owning a home is one of the single best ways to build personal wealth because homes typically increase in value over the long-term. Consult with Brandon to understand home value trends in our are markets. In addition, there are tax benefits associated with home ownership. Consult a tax professional to learn more.
Before buying a home, you need to get your financial house in order! Doing the math, knowing your credit score, knowing the down payment, closing costs and more. Not sure where to start?
Ask Brandon on who you should contact to get pre-approved.
What are buyer paid closing cost?
Great question! They are explained in this quick video-
For any further info Contact Brandon Here
What's a 1031 Exchange?
Thanks to IRC Section 1031, a properly structured 1031 exchange allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gain taxes. IRC Section 1031 (a)(1) states:
“No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment, if such property is exchanged solely for property of like-kind which is to be held either for productive use in a trade or business or for investment.”
To understand the powerful protection a 1031 exchange offers, consider the following example:
- An investor has a $400,000 capital gain and incurs a tax liability of approximately $140,000 in combined taxes (depreciation recapture, federal capital gain tax, state capital gain tax, and net investment income tax) when the property is sold. Only $260,000 in net equity remains to reinvest in another property.
- Assuming a 25% down payment and a 75% loan-to-value ratio, the investor would only be able to purchase a $1,040,000 replacement property.
- If the same investor chose to exchange, however, he or she would be able to reinvest the entire gross equity of $400,000 in the purchase of $1,600,000 replacement property, assuming the same down payment and loan-to-value ratios.
As the above example demonstrates, 1031 exchanges allow investors to defer capital gain taxes as well as facilitate significant portfolio growth and increased return on investment. In order to access the full potential of these benefits, it is crucial to have a comprehensive knowledge of the exchange process and the Section 1031 code. For instance, an accurate understanding of the key term like-kind – often mistakenly thought to mean the same exact types of property – can reveal possibilities that might have been dismissed or overlooked. Asset Preservation, Inc. (API) is your resource to obtain accurate and thorough information about the entire 1031 exchange process.
-Always consult with a tax professional!-