|Posted on October 15, 2019 at 5:30 PM||comments (0)|
As an experienced home seller will tell you, staging your home can put the spotlight on how your home looks for photographs and open houses. For your property to look its very best, it must be free of clutter and completely depersonalized. That might sound a little intense, but there are easy and inexpensive tricks available to you.
The internet is full of décor ideas, but it can also give us valuable insight into properties available for sale. Namely, how we stage can be guided by looking up similar homes in and around the Lake Mary area. You should also familiarize yourself with local real estate prices (Lake Mary homes have been selling for an average of $295,000). Indeed, you could go one step further by visiting a handful of open houses to get pointers on how they staged their properties. And while you don't have to ask the sellers any questions, you can take notes on what was done to create a more neutral environment. In particular, pay special attention to anything that draws your eye, and then consider if it could benefit your own house.
Move Stuff Out
A difficult first step will be to empty the home of anything that makes it look lived in or small. Many buyers want space, and they may be discouraged if closets and hallways are overflowing. Moreover, if they see walls covered with photographs and trophies, they may not see a blank space to picture their own future. So, remove all personal effects, and consider moving out furniture that takes up unnecessary space. Thankfully, you don't need to throw anything away as belongings can be kept safe by using a self-storage unit while you hold viewings. Best of all, you can pay weekly or monthly, but look for decent rates.
Whatever remains will need organization to avoid new clutter. For a solid start, give your belongings specific homes to make putting things away that much easier. With that in mind, look at each room and create designated zones to group similar items, like ensuring medications and beauty products stay in your bathroom or bedroom. Fortunately, baskets can be an attractive and affordable way to organize possessions and avoid clutter. In fact, you can find an assortment of baskets at retailers like Dollar Tree for $1.
With a house less cluttered, you can then focus on other ways to depersonalize and stage the home. Surprisingly, it can be as inexpensive as getting a few tins of paint to give your walls a neutral hue, especially if they have unusual or bright shades. Still, that doesn't mean a lack of style, as you have cool colors and associated undertones to choose from, such as taupe or light gray. By doing so, you may even make rooms appear bigger and warmer while giving your home the neutrality it needs. Similarly, you can transform entire rooms by removing worn-out carpeting or dealing with scuffed surfaces. While the flooring type is up to you, you could opt for laminate flooring since it offers durability and style without the cost of comparable options.
Lastly, using light is a perfect way to advertise your property and transform how it looks. Of course, not every room will have enough windows to use natural light. Yet, even well-placed table or floor lamps can effectively brighten an environment without having to install fixtures. Furthermore, putting mirrors next to light sources can counteract the dark while adding a decorative touch. In fact, even your home's exterior can be lit up for some beautiful shots or to offer a welcoming first impression to viewers. Better still, they can be affordable since lanterns can be easily placed on the porch, while solar fixtures can light up pathways.
You can be as creative as you need to turn your home into a perfectly staged property. At the least, invest in neutral décor, brighten up dark areas, declutter, and organize your belongings. By doing so, you can make your house that much more appealing to potential buyers.
Written by: Alice Robertson with Tidyhome.info
|Posted on October 15, 2019 at 5:15 PM||comments (0)|
Buying a house is most likely the biggest investment in almost everyone’s lifetime and should be thought out carefully. With all the information easily accessible online, it’s becoming increasingly common for people to venture into the home-buying business by themselves. After all, going solo means no commission, which means you get to save some money, right? But, what if you could have both the help of a real estate agent and a significant portion of commission money in your pocket? Why deny yourself the help of a knowledgeable professional when there is a commission rebate? Have we caught your attention yet? Keep reading to find out more about this real estate trend!
A closer look at the definition
What is a commission rebate, otherwise known as home buyer rebate? The simplest way to put it is cash back at closing. However, there is a bit more to it than that, so let’s start at the beginning. When a home is purchased, a significant portion of the total price is reserved for paying off commissions to the agents involved. Usually, it’s 6% of the purchase price, which is then equally split between the buyer’s and the seller’s agents, leaving them both with 3% of the home purchase price. A commission rebate is the partial refund of that 3% to the buyer at closing. Programs like Top Agent Rebate will not only connect buyers and sellers with the top real estate agents but will rebate as much as 15% of their commission as well. Basically, you end up with the desired dream home and get a portion of the money back in your pocket. Now that’s what a real bargain looks like!
Benefits of commission rebate
Apart from the obvious benefit being that it makes buying a home less expensive, let’s take a look at the actual sum. The average home price in the US is around $226,000. Each agent gets 3% of the purchase price as commission, which in this case is $6780. Now, 15% of this sum is $1017, which you get back. Mind you, this is by no means a negligible amount of money! In fact, here is a list of examples where an extra grand can facilitate the settlement process:
• Practically free moving service – find a reputable Florida-based moving company like City Movers who will gladly assist you on your move
• Shop for your new home – whether it’s a carpet, kitchen countertop or a refrigerator, your savings account will be grateful!
• Small improvements to the new home such as new paint or energy-efficient exterior lightning
• Ready cash – even if you don’t plan on spending it right away, it’s always good to have some money to fall back on
Sounds too good to be true – why would my agent pay me back?
First of all, know that not all buying agents will agree to give you a rebate. In fact, so many buyers working with traditional brokers never even learn about this option. After all, why would they give you money out of their own pockets? Thankfully, companies like Park Place use a smarter approach by introducing a commission rebate which enables home buyers to save some of their money. They usually provide these rebates as a way of persuading you to choose them over other agents. Not only that, but technological improvements have reduced the operating expenses for real estate agents.
Because of this, some agents decide to pass those savings on to you, hence the commission rebate. There is no fee to this service and the way to repay them can simply be future recommendations. These are the buyer agents you want to work with, so have this in mind if you’re relocating anywhere in Florida or within 40 states throughout the U.S. Our company will gladly connect you with the agents who will return your 15% share of the commission.
Are there qualifications for a buyer agent commission rebate?
If you’re wondering whether you’re eligible for a refund, we have some good news. Absolutely all buyers qualify, no exceptions. However, know that buyer rebates aren’t legal in these 10 countries - AK, AL, IA, KS, LA, MO, MS, OK, OR, TN. Department of Justice which regulates this practice is trying to lift rebate bans in the remaining ten countries.
The only qualification, then, is to live in any other of the 40 countries where you can easily receive your rebate. If this is the case, your only job is to fill out the application form and the rest will be done for you.
Is a buyer agent commission rebate taxed?
A home buyer’s rebate can save you a bundle of cash, no doubt about that. But, does it count as taxes at the end of the year? Some more good news, no it doesn’t. According to IRS, rebate is classified as an adjustment of the total purchase price and is not counted as taxable income. Essentially, this means that rebates need not be reported on Form 1099-MISC. They are only applied when there has been an increase in the value of the home being sold. However, this is not for the buyer to worry about, as sellers are the ones who pay capital gains taxes.
All things considered, you have nothing to lose, and we mean this literally. In fact, a commission rebate is a customer-oriented service that can only bring you benefits. See it as a bond of trust between your real estate agent and yourself. However, know that not all buyer agents will provide you with this opportunity. Instead of devoting time and energy in search of reputable agents who offer rebate, turn the job over to professional companies. They can easily connect you with real estate agents who’ll be pleased to assist you in your home-buying journey. After all, the most important purchase in your life deserves all the professional help there is.
Written By: Lisa Robert with US Moving Experts
|Posted on September 25, 2019 at 5:20 PM||comments (0)|
When buying or selling your home, it is essential to find professional assistance that will steer you toward achieving the best possible deal given your circumstances. You deserve to work with the best realtor you can afford on the market and the best referral company in the US can help you on this point. While it is highly important to know how to negotiate real estate commissions when selling your home, knowing how to gain a real estate rebate is on the same level of importance. Here is some vital information on the point.
What kind of a real estate agent is the right choice?
Not every real estate agent can provide you with the results you expect and require. Hence, it is critical to understand the main qualities to look for in the realtors you are considering. Firstly, having a proper license is compulsory. This means the realtor is reliable and trustworthy. Secondly, experience and production matter greatly. Understandably, the realtor with outstanding qualifications and efficiency is always an intelligent choice. Finally, those who are willing to provide their clients with high-quality service and real estate commission discount at the same time are the winning choice. If you think this sounds too good to be true, let the industry leader in connecting real estate business prove you are wrong. The helpful staff can give you a hand with finding what you desire and yet get you a real estate rebate 15% of the total commission.
So, once you decide to change your home location and start the search for professional moving assistance by browsing Verified Movers, make a serious effort to sell your current home successfully and to your genuine satisfaction.
Why are real estate commissions negotiable?
Nowadays, there is severe competition in the real estate market. The appearance of various discount agents, neighborhood specialists, veteran agents, and top producer agents in the field has significantly changed the traditional landscape. Consequently, a harsh battle for winning more clients has started and with it some serious changes in defining real estate commissions. Those professionals who offer a real estate rebate are, thus, in high demand. If they expect to increase the number of customers, realtors need to offer this benefit.
If you aim at moving out of Florida for good or leaving either Georgia or North Carolina soon, think carefully about all the steps this endeavor involves. Top Agent Rebate deserves a chance to participate in bringing this process to its end that will exceed your expectations by far.
Essential factors to know before you negotiate real estate commissions
To be able to negotiate real estate commissions successfully, one needs some basic knowledge in the field. Bear these key points in mind:
• Commission percentage depends on a number of factors. The most important are the company policy and the efficiency of real estate agents. The more efficient an agent is, and the more deals he/she closes a year, the higher the commission is. On the other hand, there are agents who are willing to address referral companies, get involved in programs like Top Agent Rebate, offer considerable rebate and gain permanent assistance in finding new clients. This approach is a winning situation for all the parties involved.
• Although in the eyes of amateurs all real estate agents are the same, they are not the same to each other. They all highly value the expertise and experience they possess. Hence, it is reasonable to expect high commissions for those who offer more. Reputable agents sometimes even refuse to negotiate on this point and do not accept anything but the commission they have defined.
• Real estate commissions also depend on location. Agents operating in a certain area sometimes have an agreement concerning the commission range they are willing to accept. Even in this environment, you can work with the best realtor if you ask assistance from referral companies which will easily find what you need. All you need to do is make an effort to fill out the online application form.
• Finally, regardless of how tempting and attractive it sounds, never let the commission affect your final choice. The lowest commission does not necessarily bring satisfaction and expected results. Make sure you know what offer is on the table before you accept it.
Is the selling price more important than commissions?
The rise in prices of real estate nowadays has caused a new trend among property sellers. More and more, they tend to neglect commissions and to focus intensively on selling prices. Instead of hiring the agents who request the lowest commission, the sellers now seek for those experts who can guarantee the highest selling price. The situation will not change any time soon if this trend of growth continues. Then, we can also expect some major changes in the negotiating practices.
Has the internet caused any changes in this field?
Generally, the digital era has made various sorts of information more available to everybody. No more are people so dependent on the information real estate agents can provide concerning the price and value of certain homes. They can find almost all they need on the internet. This has made realtors slightly more willing to negotiate their commissions and even provide commission discounts to their clients. If you are planning to sell your property soon, you can capitalize on this to a large extent.
Conclusion on how to negotiate real estate commissions when selling your home
Selling your property is a serious, time-consuming, and potentially highly stressful process. To be able to use its full potential and gain substantial financial means from the sale, it is sometimes the best solution to hire an expert in the field. With the help of a reputable referral company, you can connect with the top real estate agent and get the best possible price for your home. Moreover, if you make the right choice, you could get as much as 15% real estate rebate after the closing of your deal. Hence, plan the whole process carefully, explore all your options, and do your best to make the right choice.
Written By: Lisa Robert with US Moving Experts
|Posted on September 20, 2019 at 3:45 PM||comments (0)|
The real estate market represents an enormous business section of today’s economy. There are so many options, legal rules and tactics to keep up with when buying or selling a property. Realistically, both buying and selling real estate is equally tricky to handle. Since there are so many details to know and cover, many miss some crucial points that can be beneficial to them during a real estate venture. Did you know that you can get some money back when buying or selling a property? In case you didn’t know, it is time to learn about real estate rebates when buying a property.
What is a real estate rebate?
First, you should know that real estate rebate is also known as commission rebate. It is essentially the same thing and the way it works is that funds are returned to the buyer by the buying agent once the purchasing of the property has been closed. Hence, you buy desired real estate and you get a portion of the paid commission back in your pocket. When you think about it, it does sounds like a sweet deal.
Why would a buying agent say yes to giving you a rebate?
Be prepared that not all buying agents will want to give you a rebate. After all, in a way you are taking money directly out of their pockets. On the other hand, you are bringing them business and profit. So as you can see, there is a thin line between arguments that both sides might use. Some real estate agents may persuade you to choose them by offering real estate rebates. Also, not only would they want to be chosen, but they would also do it for future recommendations. Surely, we all prefer to use services that are recommended to us by friends, family, and co-workers. Or, you can use a company like Park Place who will find you a top agent that will rebate you back 15% of their commission. There is no fee to use their service.
How does it really work?
First things first, we have to point out that percentages can differ from one state to another and from one deal to another. However, for the most part, the presented percentages are in a similar ballpark. To begin with, a seller agent will get a 6% commission from the final selling price. Then, that amount would get split between the selling and the buying agent. Only after that will the buying agent will provide a certain amount back to the person that is buying the property. In this scenario, that can potentially be you. In theory, it is quite simple. The buying agent basically gives up a part of their commission to the buyer.
How much money can you expect in return?
Once you agreed that you will receive a real estate rebate from your agent it is time to negotiate the wanted amount. This is another part of negotiations that you must handle with care. You do not want to end up in a situation where you push the negotiations too far and you risk the quality of your real estate agent for a few hundred dollars. To get the best offer, you should interview a few agents. Do not be lazy and set aside time to do this. Just like in many other instances, patience is a virtue.
How can a real estate rebate help me as a buyer?
How can extra cash help you? Purchasing any property is a bank account killer. In many instances, loans must be taken out to compensate for all the expenses. A rebate can be a great financial injection for your budget. Also, it is good to know that a rebate can be received in the form of cash right after the closing of the property has been finished. Getting a few thousand dollars in cash sound pretty sweet.
The art of negotiation
It is important to realize that this needs to happen at the earliest stage of negotiations of any kind. If you want the best possible terms for you, you cannot be afraid to negotiate. However, there is always a thin line during negotiations that you shouldn’t ever cross. Some real estate agents might get offended if you ask for a real estate rebate. On the contrary, some might do rebates as a regular practice with every buyer. If you enter the world of negotiations, be prepared that at some point you might have to walk away from a deal. Of course, this type of negotiation carries risks just like any other. Park Place can negotiate for you as we have the leverage over these agents as we can supply them back future business.
How can I know if I qualify for a real estate rebate?
Commission rebates are legally coordinated and monitored by the Department of Justice (DOJ). Legally, rebates are supported in 40 out of the 50 states within the United States of America. Therefore, make sure you live in a state that makes you eligible to receive these refunds. It is a known fact that the DOJ is working on making this practice legal in all 50 states. Hence, if you are moving out of state do not forget to make sure that the same laws still apply. You must be well informed to successfully handle this situation. In this case, like in many others, knowledge truly is power.
Do you need to pay taxes on this financial return?
The most reliable information regarding any taxes comes directly from the IRS (Internal Revenue Service), so that is where we got our confirmation. The IRS confirmed that the money you receive as a real estate rebate is not taxable. Thus, you can actually use the entire amount for something productive like new carpeting, mortgage bill, etc.
Ultimately, finding a great real estate agent that also provides real estate rebates takes a lot of time and energy. You must be prepared to interview multiple people. Also, as we already mentioned, be prepared to play hardball and negotiate. Moreover, there are websites and firms that can make a match for you. They can connect you with buying agents that always offer a rebate to their clients. Either way, whatever your method of searching may be, take this process seriously and get informed as much as possible.
Written By: Lisa Robert with US Moving Experts