Careful planning in your home selling process is crucial. Factors that may affect your decision range from family needs vs. house size to upgrade/downgrade in financial aspects of family income. The condition of the house may play a role in deciding on whether to move on to a different house. So, now you are considering selling your house. Here are more decisions to make: Other costs of selling your home : Fix-Up Cost, Moving Cost, your down-payment and furnishing costs on your next home. Do you know a "realistic" market value of your home? The market is determined by the Sold comps that are similar in your neighborhood. The Sold Comparable must be similar built to the house you are trying to purchase. Similar built in terms of square footage (± 200 sq.ft.), similar amenities such as pool, backyard, tile/ wood flooring etc. Comps should also be taken within couple of blocks from the house. Once in a while, comps outside the neighborhood may be used only if there are no similar comps in the same neighborhood. In addition, if the house you intend to purchase is a 4 bedroom, 2 1/2 bath, 3 car garage, a comp of 3 bedroom, 1 bath, 1 car garage in the same neighborhood is no value to you. Seller's Tip: Tax consequences of the sale of your home Tax laws on the sale of your home vary from time to time. Check with the IRS Publication for the latest update. Remember to include the cost of selling your home such as commission and attorney fees, title policy, transfer fees and recording charges. Consult with your tax advisor for your maximum deductions |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |