Sunday, January 21, 2024 / by Steve Ticknor
After hitting a high of 7.79% back in October 2023, some experts predict that we may see interest rates falling below 6% this year. That may be exactly what is needed to push more buyers into the market. If you plan on selling your home in 2024, take these necessary steps to prepare yourself and your Lake Havasu home.
How to Prepare to Sell Your Lake Havasu Home
When Do You Want to Sell?
Typically, late spring favors the Lake Havasu home seller for both sale price and speed of sale. Also, quick tip, listing your house on Thursday gets you the best exposure to potential buyers. While May sounds like a long way from now, it will be here before you know it. Therefore, the sooner you start getting ready, the better.
Find a Good REALTOR®
A good Havasu real estate agent knows the local market, including current trends. They negotiate on your behalf and help you make the best deal possible. But how do you find them? Ask your friends, neighbors, colleagues, co-workers, etcZ ...
Sunday, September 17, 2023 / by Steve Ticknor
They say you need to spend money to make money. That includes selling a Lake Havasu home. But that does not mean that you have to break the bank. Use these cost-saving home seller tips to make improvements to your property that buyers will love.
Cost-Saving Home Seller Tips
First up? Take care of the "little things". Add a fresh coat of paint. Even a color similar to the one currently on the walls helps make a home feel "newer" and "cleaner". Make sure to deep clean the carpets. Home improvement stores and even some grocery stores offer steam cleaner rentals. Or hire a pro. Then, oil any squeaky hinges and tighten any loose doorknobs. You don't want a loose doorknob to be the first impression a buyer receives when walking through the door. Even though these problems seem small, it makes the buyer wonder what other things you haven't kept up with in maintaining your house.
Next, a little DIY home staging. According to the National AssociatioZ ...
Sunday, June 11, 2023 / by Steve Ticknor
Location, location, location. That's what often comes up when discussing real estate. But you cannot do anything about where your Lake Havasu house sits. However, you can do something about what price you list it for. The proper list price could mean the difference between a relatively quick sale and sitting on the market for a while. Here are a few pricing strategies for you to consider when selling your Havau home.
Pricing Strategies That Help Sell Homes
Always, always look at recently sold homes in your neighborhood. Only use comps similar in size, age, and proximity to yours. Your Lake Havasu real estate agent can conduct a Comparative Market Analysis (CMA) for you. Not only does the CMA show what homes sold for how much, but it also may include photos (to see what condition they were in), a listing description, and market trends for the area. All of this data helps you determine a reasonable list price for your home.
List Slightly Below Market Value
Another one of tZ ...
Sunday, March 26, 2023 / by Steve Ticknor
When asked about their least favorite subject in high school on a Thomas B Fordham Institute survey, students overwhelmingly chose math. But we actually do use math for all kinds of things as an adult. Balancing our checkbook. Making sure that we get the correct change back on a purchase. And when buying a home, to calculate its total square footage.
How Square Footage is Determined
What is Square Footage?
First of all, we've all heard this term before. But do you actually know what it means? In real estate terms, this is the total actual dedicated living space inside of a home. According to Bankrate, "livable space" must include walls, a ceiling, a floor, and heat. That means garages, unfinished basements, and patios/porches do not count as livable space. However, hallways and stairwells (for multiple-story homes) do count.
How to Calculate It
Determining the square footage for a whole house? Before you freak out, think about your house in terms of several smaller boxes. MeasurZ ...
Thursday, February 23, 2023 / by Steve Ticknor
Benjamin Franklin once said that "nothing is certain except death and taxes". Well, Uncle Sam expects you to file your 2022 income taxes by April 18th this year. Taxpayers needing more time may file for an extension. This allows you to file as late as October 16th, 2023. If you sold your Lake Havasu house last year, then you may be eligible for some home seller tax deductions.
Home Seller Tax Deductions
Well, "tax deductions" may actually be a little deceiving. Some of these affect your capital gains tax, not your taxable income. If you sold your home and made a profit, congratulations! However, the IRS calls this "capital gains" and views it as income. That means that it is taxable. But the following home seller tax deductions lower your capital gains. In turn, that lowers how much tax you may owe (if any) on this profit.
Capital Gains Exception
First, let's discuss capital gains. This is the difference between what you paid for your home and what you sold it for. So, if. ...