Karen Urata Realtor

Archive for June, 2012|Monthly archive page

If You Are Thinking Of Doing a Short Sale You Need to Know About This Deadline

In Avoid Foreclosure, CA, El Cajon, Escondido, La Mesa, Mission Valley, Norh San Diego County, Oceanside, Poway, Ramona, Real Estate, San Diego County, San Marcos, Santee, Uncategorized, Vista on June 26, 2012 at 11:15 pm
Tax

Tax (Photo credit: 401K 2012)

If you are in a position where you feel you might need to do a short sale you need to know about this upcoming deadline.  The Mortgage Debt Relief Act of 2007 is set to expire at the end of 2012.

What does this mean to you?  It means that the temporary provision to waive the taxes that are due on the amount of “income” that is created (on paper) when a debt is forgiven is to expire at th end of this year.  Yes,  you heard that correctly, the government considers the dollar amount of the difference between what you owe on your home and the amount that you are able to now sell your home, (the amount that the bank is forgiving on your loan as the result of a short sale), as income to you that you must pay taxes on.  When you consider that the average amount of time, (your experience may vary), to complete a short sale has been about 6 months that makes this valuable information that must be considered.

Based on this, now is a good time to start the process by getting your home on the market.  Here is a link to the IRS information regarding this deadline http://www.irs.gov/individuals/article/0,,id=179414,00.html.

Please let me know if I can help with this in any way or if you just have questions about the process.  I am here to help.

See you in the neighborhood,

Karen Urata

DRE License # 01720025

B W Real Estate Group

(760) 609-0952

5-Star Award Winner  San Diego Magazine 2010, 2011, 2012

Serving Buyers and Sellers in San Diego County

How to Make Your Home Show Well

In El Cajon, Escondido, La Mesa, Mission Valley, North San Diego County, Oceanside, Poway, Ramona, Real Estate, San Diego County, San Marcos, Santee, Uncategorized, Vista on June 12, 2012 at 9:06 pm

Beautifully staged home

It is the prime time for home-selling and we often hear talk about making your home show well.  What does this mean and more importantly, what does this mean to you?

Over the years I have interacted with sellers that had a desire to sell their home and a number of different reactions to the concept of making some changes in order to allow their home to show in it’s best light.

It is my experience that the most successful sellers, the ones who sell their home in the shortest amount of time for the highest amount of money, are those who are able to “emotionally move out” and allow themselves to view their home as a product that is competing in a marketplace with other products within a particular price range and geographic area.  That is a bit tough to do, as your home means so much more than that to you, but the reality is that it does not mean anything to your prospective buyer, yet.  And this is actually the way to make that happen. Builders understand this concept, they use model homes as a way to sell their homes.  You can do this to, often with no or low-cost changes to what you already have in your home.  Sounds a little strange, but it works.

What is the best way to help your prospective buyer fall in love with your home?  There are many things that you can do that start with ideas like  reducing the amount of furniture and smaller items that distract from being able to see the amount of beautiful space and features that your home has to offer, to a fresh coat of paint in the best color to create the feeling that best reflects your home.

A great place to start for getting great ideas for making your home show well is to click here for a recent article found in Realtor Magazine.    For a more detailed assessment of your home in San Diego County contact me to schedule a Showing Assessment Consultation.

See you in the neighborhood,

Karen Urata

DRE License # 01720025

B W Real Estate Group

(760) 609-0952

5-Star Award Winner  San Diego Magazine 2010, 2011, 2012

Serving Buyers and Sellers in San Diego County