Real Estate Blog

What Will My Taxes Be When Selling a Vacation Home?Selling a vacation home will come with different tax implications than selling a primary home will. Because a second home is defined as a luxury good, the government is far less forgiving about its appreciation. Learn more about how to calculate taxes and the options available to defer those taxes.

For informational purposes only. Always consult with a certified tax expert before proceeding with any real estate transaction.

The Truth About Capital Gains

Capital gains refer to any asset that appreciates over time. Once the owner has determined exactly how much the asset has appreciated, they're then taxed on the profits. Capital gains are more commonly referred to in the stock market rather than the real estate market, but the tax code

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What You Should Know About Taxes When Buying a Vacation HomeBuying a vacation home can be a wonderful time in any homeowner's life, though it is different than buying a home for the first time. It's more than a sign of financial stability, it's an opportunity to live a different lifestyle for a few weeks (or months) of the year. It's a chance to rent out the home and receive a sizable second income from the investment. Before hunting for that perfect property though, it helps to understand the tax implications of a new home, and how finances will be affected before April 15 of next year.

For informational purposes only. Always consult with a certified tax expert before proceeding with any real estate transaction.

Changing News

The tax implications of buying a vacation home largely depend on where

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Why You Should Buy a Home WarrantyAfter buying new home, new home owners may discover that they’re getting mail from companies trying to sell them a home warranty. Like a warranty for a cell phone protects it in case the screen breaks or it stops working, a home warranty protects a home’s appliances in case they stop working. With a home warranty, homeowners can call their provider who will arrange for someone to come out and fix the problem with as little fuss as possible. Here are some of the different reasons homeowners may want to purchase a home warranty and what it means for them.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

1. The Homeowner Wants Peace of Mind

When

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How to Complete a Short SaleUnder normal circumstances, homes are sold using a real estate agent on the open market. However, sometimes, it becomes necessary to sell a home when the mortgage value is more than what the home can sell for. This is called a short sale.

A short sale is often wrapped up in a lot of emotions for the seller, which can make it easy to make a mistake somewhere along the way. But while the stakes for a short sale are higher than a traditional sale, there's no reason to feel overwhelmed. Once a seller understands the steps they need to take, it can be easier to sell the home and move on. Use these tips to have the best possible success.

For informational purposes only. Always consult with an attorney or licensed mortgage professional before

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Why You Should Downsize Your Next HomeIt’s common for home buyers to think that they should have a large home in order to be happy with it or because it’s what everyone wants, but this completely untrue. While some people need large houses for their families or because they have a lot of possessions, smaller homes are actually becoming more and more popular as time goes by. While small homes may not have the space that large homes do, they offer a lot of advantages that large homes miss out on. Here are some of the reasons buyers should try looking at downsizing when looking for their next home.

1. Smaller Homes Have Smaller Price Tags

Everyone loves the feeling of saving money, and there’s just no denying that big homes are expensive. Home buyers who want a home that doesn’t

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When Should You Hire a Contractor?Home improvements need to be done right, or they can devalue a home. Sometimes, homeowners are capable of doing their own home improvements, but other times, the home improvement needs to be done by a qualified contractor. When thinking of selling a home, homeowners often need to decide.

If you're a homeowner who would like to perform some of your home improvements on your own, here's what you need to know. Proceeding with caution can help you avoid a disaster that could lead to problems with your home's value.

When is DIY a Good Idea?

A DIY is a good idea when it's well within the homeowner's capability. There are many factors homeowners must consider when they're trying to decide if a DIY project is right for them.

Safety When DIYing

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5 Painting Tools You Should Be UsingWhen a homeowner is new to painting, it can be difficult knowing what tools to use. There are many, many different tools and products on the market that are stated to be helpful when painting, but so many options can be overwhelming for homeowners who have never painted a room before, especially for those who may be trying to sell their home. Are paint brush covers really necessary, and is painters tape really all it’s cracked up to be? Here are some of the best painting tools that homeowners can’t skip if they want to paint their own walls.

1. Painters Tape

So, is it all it’s cracked up to be? Yes! Painters tape is an excellent tool for every homeowner to use, no matter how experienced they are. It’s typically either blue or green, and it

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4 Ways To Make Selling Your Fixer-Upper EasierAs homes age, it’s inevitable that they will need work to keep up their condition. And when selling a home, it’s recommended that the homeowner complete repairs on the home before putting it on the market. However, due to time constraints, money constrains, or other factors, not every homeowner can do this, and they instead opt to sell the home as a fixer-upper. Selling a fixer-upper can be more difficult than selling a move-in ready home, but it’s isn’t impossible. Using these 4 tips can help homeowners prepare their home for selling to make it easier to find a buyer.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

1. Keep the Home Tidy

A common

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The Most Common Questions of Unpermitted WorkWhen homeowners work on their home, they may take any number of paths to get the results they want. Some hire certified contractors, some rely on the help of friends and family, some do the work entirely on their own - in other words, a DIY project. But not everyone realizes the nature of home improvements or that their local authorities may have very different ideas about what is and isn't allowed done on a property. Learn more about unpermitted work, and how it can be remediated.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

What Is Unpermitted Work?

If home repairs or renovations were completed without permission from the designated local

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Getting Started Landscaping: What You Need to KnowIf you're inexperienced with home landscaping, getting started can be intimidating. Knowing what to plant and how to keep it alive can make your home look beautiful all year round. Whether you have just bought your first home or just not experienced with landscaping, here's what you need to know.

Water Regularly

Plants must have water to live, and many landscaping plants rely on water from sprinklers to survive. During the warmest times of year, some plants may need to be watered every other day. Other plants require less water to survive. Plants start to droop when they're deprived of water, so it's easy to tell how much watering is enough.

Homeowners must make note of their garden's watering needs when planting the beds. Clustering

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