Real Estate Blogs Of The Carolina's

Show Them You're Serious June and July are the busiest home sale months of the year. When inventory is in short supply and you may be competing with other offers, it is important to show the seller you're serious. Make your offer look as good as possible because you may not get the chance to make or accept a counter-offer. Put yourself in the seller's shoes.  Your home has just gone on the market.  There is lots of activity and suddenly, there is more than one offer to purchase.  The seller's first consideration may be to accept the highest offer but there are many other things to consider like closing dates, closing costs, possible repairs, contingencies and of course, the ability of the borrower to get a loan. Offer a fair price for the property in your initial purchase agreement.  It shows sincerity and good faith that you're actually trying to purchase the home and not trying to take advantage of the seller.  The old adage that you can always go up later m

Don't Leave Home Without... You been planning this trip for some time and almost every detail has been considered...or has it?   Have you thought about how to protect your home while you're out of town?   What's going to make sure that everything you left is still there in you return? Nothing could ruin a trip more than coming back to find out your home has been burglarized or worse.   It makes sense to spend a little time before you leave on making sure your home is as safe and sound as it can be. There are a host of devices to use across the Internet including camera door bells, video cameras, door locks, garage door openers, light and thermostat controls.   You can monitor your home whenever you have an Internet connection.   The question is whether you want the distraction from your trip. Consider these low-tech suggestions along with your other normal efforts: Tell your neighbors you'll be out of town and to be aware of any unusual activity.

Temporarily Renting a Home IRS has provisions for homeowners regarding the sale of a principal residence that allows for temporarily renting the home without losing the ability to exclude the gain if the home is sold under the correct conditions. The rules for the exclusion of gain on the sale of a principal residence are: Up to $250,000 of gain may be excluded for single taxpayers and up to $500,000 for married taxpayers filing jointly. Ownership and Use must have been a principal residence for two of the five years preceding the date of sale (closing date).  This allows for a temporary rental for up to three years maximum. Either spouse may meet the ownership test. Both spouses must meet the use test. No exclusion has been used in the previous 24-month period. Let's pretend that a person had owned a home from more than two years.  This person married and moved into their new spouse's home two years, six months ago.  That person decided to sell the home and would