Apartments For Sale in Eringate-Centennial-West Deane

Are you thinking about selling your home in Eringate-Centennial-West Deane? Have you been thinking of selling it by yourself instead of hiring a real estate agent? There are several advantages of selling your home yourself, but there are disadvantages as well. To make it easier for you to make a decision find the most important pros and cons below.

One Bedroom Apartments

The most important PRO for selling your home yourself inĀ Eringate-Centennial-West Deane is MONEY. Selling your home without the help of an agent means more Money in your pocket! By selling it yourself you save the commissions and fees. – We are not talking about pennys, we are talking about THOUSANDS of dollars which you would have to pay an agent. Another advantage is that you are able to decide the times for open houses and showings. It is also completely up to you where and when you want to advertise. Unlike a real estate agent who is selling many houses, you can focus on YOUR house, because you are only selling your own house. It is obvious that you will have more interest in the sale than an agent.

Town House

How to Find the Best Eringate-Centennial-West Deane,Toronto Based Apartment Vs Condo ?

It is no secret that the housing market is extremely slow for sellers and we are in one of the worst sellers markets ever. This is not the best time to sell your home but if you must list now then follow these simple tips and you might find a buyer for your home a little faster.

Never list your home for sale until you know exactly how much it currently is worth. Price is the number one reason why homes don't sell. If the price is too high, you will prevent many buyers from even viewing your home. Most buyers have a price range in mind and will stick to it when searching for a home on the internet. It is always best to under price your home so that you will get more foot traffic. The best way to find out what your home is worth is by getting an appraisal. You can either pay for an appraisal, ask a real estate agent for an appraisal, or go to the online websites to get a free appraisal estimate of your home's worth. Once you have an accurate appraisal, I would recommend decreasing it by two percent.

Clean your home on the inside and outside. It amazes me when I see a poorly landscaped yard or a dirty home for sale. It only costs a few dollars to clean your home. Start with the bathrooms and kitchen and make sure they are spotless.

Rent Condo

Using Home Decorating to Help Sell Homes

If you are a homeowner, you will be entitled to tax breaks when you sell your home. It is possible to profit up to $250,000 if you file your taxes singly. If you file jointly, you could get $500,000. To make things even nicer, you will owe nothing to the IRS. There are a few caveats that are involved. You must have been the owner of the property and must have used that same property as your primary residence for at least 2 of the 5 years preceding the sale of the home. While this seems fair, what happened if you sold your home after only owning it for two years? In 2002, the IRS released new regulations that changed the original rules.

If you are in the situation of owning and residing in the home for less than 2 years, you can avoid the tax by claiming a reduced gain exclusion. This is fairly easy to qualify for. If you do qualify, the amount will most likely be large enough to protect the entire gain, even though the sale was made prematurely. If you are eligible, the amount would equal the $250,000 or $500,000 times a fraction. The numerator of the fraction would be the period of time that you owned and used the home and the denominator would be the two years that is required. For example, if you and your spouse owned and resided in your home for 22 months, the reduced exclusion would be $500,000 multiplied by 22 months over 24 months, which would equal $458,333. The reduced exclusion applies when the premature sale is a result of a change in employment, health issues or unforeseen circumstances.

Additional tax treatments are available if you use your home for business or rental property. The entire home, including the rental and business areas will qualify for the gain exclusion. The only difference in this case is that you must pay a tax on the gain if it was attributable to depreciation deductions that had been claimed after May of 1997. Keep in mind that the business or rental property must be located within the primary residence.

As long as you meet the eligibility requirements, you can earn considerable tax savings when you sell your home. Selling prematurely should be avoided if at all possible, but if a situation does arise, you will not lose as much as you think.

Eringate-Centennial-West Deane

5 Keys To Effectively Selling A Home


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