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Doretha Caldwell

The Number One Selling Mistake to Avoid

If you are thinking of selling a home please read this first! It could save you a lot of Money, Time and Other Opportunity Costs.

When you, a seller are about to sell a home, whether you are going to make a go of it on your own or hire an expert, a real estate agent to handle this endeavor, it is easy to get caught up in the excitement over choosing a sales price. Perhaps a higher sales price could afford you, the seller many financial opportunities and rewards. You, the Seller may decided to come up with a sales price based solely on the desires of your heart. As Tempting as that may be, you need to avoid this like a plaque. Instead, you should become well informed and work with a well informed expert who understands the market and its forces. Ths will save you a lot of money and lost time.

Unfortunately, this first scenario is played out over and over again with sellers. As a result the opportunity costs are great and the outcome for the seller is far from what is desired. When pricing a home, it is very important to remember that what we think or what anyone uninformed may think does not matter in pricing that home. What matters is what a buyer thinks. In todays market buyers are very informed and will not be moved in purchasing a home that is overpriced according to the market. That buyer will simply move on to something else that is priced more in line with what market forces are dictating.

Pricing a home is sort of a Science. In its simplest form, the Market price is set by what a buyer is willing to pay and a seller is willing to accept. This transaction done many times over make up the market.

Price it right from the very beginning and save yourself the time and money that it will cost you in making this huge mistake. Remember a house priced correctly will sell.

Visit me at www.dorethacaldwell.homesandland.com If you have any questions about pricing your home right from the start you may also contact me at (910)286-9396.

Selling Your Home in Fayetteville NC/ Fort Bragg: Increase Your Success of Selling Quickly

If you are selling a home in Fayetteville, NC or Fort Bragg, it is important that your home be exposed to as many potential buyers as possible to ensure your success in the current market. The most important exposure avenue is through physical showings. There is simply no way around it. Therefore, you should allow your home to be available for as many showings as possible. Sure, this sometimes can be a challenge (ex. you currently have tenants that require a 24-48 hour notice) but certainly not impossible.

The key is try to be as flexible as possible . You should remember that each opportunity of a successful showing is also an opportunity of an offer leading to a successful sale. After all, that is the goal, a successful sale and as quickly as possible.

Reasons Many Love Living in Fayetteville, NC

Fayetteville is one of the larger medium sized cities located in North Carolina. The population of Fayetteville is approximately 122,000+ people. Fayetteville, NC is a very unique yet a wonderful place to live, work, attend school and play. The military presence in Fayetteville, NC is very strong. We are very proud and thankful for the close proximity of Fort Bragg and our wonderful soldiers.

Beside making the list of MONEY magazines top 100 places to live, Fayetteville, NC is dedicated to supporting the troops that are here today. Fayetteville, N.C. residents have a multitude or recreationals available and close by. There are opportunities for hiking, golfing, getting to the beach quickly and boating.

If you crave the charming Southern Living with top level recreationals for a fraction of what it would cost you in many other parts of the country, then Fayetteville NC is a great place to be. The climate is also wonderful for golfing all during the year.

Reducing Your Property Taxes

Home Owners realize very quickly that real estate taxes are a necessary evil. They will always be there for you. Said another way, you know that eventually you will come to the end of your mortgage payments but with real estate taxes you will pay until you sell your house or until...lets just say forever. However, the good news is that you can do some things to keep them as low as possible.

According to the National Taxpayers Union, a advocacy group based in Washington D.C., their statistics and figures indicated that 60% of all homeowners are over assessed. According to this nonprofit group only about 2 percent will appeal their real estate tax assessments. Of the 2 percent that do appeal, according to the same research, 50 to 80 percent receive some sort of reduction in their property taxes. Those are great odds in the taxpayer/ home-owner's favor.

To some the process seems complicated. This simply is not the case. It does however require a bit of perseverance and organization. Having concrete, clear and concise evidence will be the key to your success in showing that you are being over-assessed. In analyzing your assessment, you'll need your property record card (obtain from your county assessor's office) , a list of comparable homes and their record cards, sales dates, and prices.

This process and effort of gathering the above information and analyzing it are in your best interests as a homeowner and should be done. However, the reward of a lower tax bill makes it even more worthwhile.

First-Time Home Buyers Tax Credit (Up to $8000 for 2009)

NOTE: The information below comes directly from the Internal Revenue Service Web-Site. It provides a basic overview and details the difference between the Home Purchase Credit for 2008 and 2009.


Overview

First-time homebuyers may be able to take advantage of a tax credit for homes purchased in 2008 or 2009. The credit:

  • Applies to purchases that close after April 8, 2008, and before Dec. 1, 2009.
  • Applies only to homes used as a taxpayer’s principal residence.
  • Reduces a taxpayer’s tax bill or increases his or her refund, dollar for dollar.
  • Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed.

For 2008 Home Purchases

The Housing and Economic Recovery Act of 2008 established a tax credit for first-time homebuyers that can be worth up to $7,500. For homes purchased in 2008, the credit is similar to a no-interest loan and must be repaid in 15 equal, annual installments beginning with the 2010 income tax year.

For 2009 Home Purchases

The American Recovery and Reinvestment Act of 2009 expanded the first-time homebuyer credit by increasing the credit amount to $8,000 for purchases made in 2009 before Dec. 1.

For home purchased in 2009, the credit does not have to be paid back unless the home ceases to be the taxpayer’s main residence within a three-year period following the purchase.

First-time homebuyers who purchase a home in 2009 can claim the credit on either a 2008 tax return, due April 15, 2009, or a 2009 tax return, due April 15, 2010. The credit may not be claimed before the closing date. But, if the closing occurs after April 15, 2009, a taxpayer can still claim it on a 2008 tax return by requesting an extension of time to file or by filing an amended return.

For more information please email me , or call me at 910-286-9396. I will be glad to answer your questions, or assist you with more details.