Posts tagged ‘value’

Hire the Right Inspector before Sealing the Deal on a Real Estate Home for Sale

By imal, 26 February, 2010, No Comment

Before closing the deal on a real estate home for sale, staging a home inspection to know the home’s value and get acquainted with its shortcomings is de rigueur. But before contracting inspector du jour, make sure that he or she is indeed the real deal. Many states, New Mexico for instance, don’t have any requirement to being a home inspector. So to spare you from making the huge mistake of hiring a charlatan out to make easy money at your expense, follow these simple and easy tips.

1. State license is never enough; check for affiliations.

Every state in the country issues licenses for home inspectors after training. But it begs the question: how extensive is the training? The answer: not extensive enough. It’s even possible that the training is so minimal that it becomes absolutely ineffective when evaluating a

Real Estate Photography- Ultimate Exposure to Earn Profits From Your Property Firm

By imal, 26 February, 2010, No Comment

Real estate photography is a new, exclusive initiative to promote international property business to inspire by the theme Development, Nature and Architecture. Real estate photography leads to increased competition in the photographic market. Most of time people would likely visit their property for sale because of the attractive images.

Tips of good real estate photography
- A good source of light.
- Wide angle lenses make real estate photos appear spacious, inspirational and motivational
- Digital formats cut down on printing and developing expenditures and makes photos available immediately.
- Same images should be available in different sizes so that according to the specifications you can provide it.
- take a shot of every part of house for sale including living room, kitchen, dining room, and other parts of the house.
- highlight the best features of your house.
- clean the entire house before taking its photos.
- hire a professional real estate photographer.

Fully deductible interest in mortgages

By imal, 16 January, 2010, No Comment

In most cases, you can deduct all of your home mortgage interest. How much you can deduct depends on the date of the mortgage, the amount of the mortgage, and how you use the mortgage proceeds. If all of your mortgages fit into one or more of the following three categories at all times during the year, you can deduct all of the interest on those mortgages. (If any one mortgage fits into more than one category, add the debt that fits in each category to your other debt in the same category). The three categories are as follows.

1. Mortgages you took out on or before October 13, 1987 (called grandfathered debt).

2. Mortgages you took out after October 13, 1987, to buy, build, or improve your home (called home acquisition debt), but only if throughout 2009 these mortgages plus any grandfathered debt totaled $1 million or less ($500,000 or less if married filing separately).

3. Mortgages you took out after October 13, 1987, other than to buy, build, or improve your home (called home equity debt), but only if throughout 2009 these mortgages totaled $100,000 or less ($50,000 or less if married filing separately) and totaled no more than the fair market value of your home reduced by (1) and (2). The dollar limits for the second and third categories apply to the combined mortgages on your main home and second home.