As the tax filing deadline for 2023 draws near, it's time to roll up your sleeves and chase down your eligible deductions for the year. Doing this right could be the difference of thousands of dollars. Itemizing your deductions for your real estate business is both the beauty and curse of running your own show. Make sure you zero in on every eligible deduction possible in order to get the most out of your business income. This information offers awareness of key tax deductions for a real estate business but is not tax advice. A critical caveat: make sure to consult with your tax expert for any and all tax decisions made for your business. Following is a list of how to make the most of tax deductions for real estate agents: … [Read more...] about How to Make the Most of Tax Deductions for Real Estate Agents
Keep These Things in Mind for Sell Season 2024
"Success is built on the back of preparation." -Unknown April is right around the corner, which in the real estate industry is prime kick-off time for the 2024 sell season. This means any leads you made November through February are possible listings. Sixty percent (60%) of sellers spend up to three months preparing their homes, and your professional guidance will be highly sought after. And seventy-five percent (75%) of sellers contact an agent as soon as they start thinking about selling their home--think now. Meanwhile, inventory levels are expected to decrease by 14% (YoY) for 2024, and interest rates, though going down, remain one of the biggest challenges for both buyers and sellers. As we move into spring, keep these things in mind for sell season 2024: … [Read more...] about Keep These Things in Mind for Sell Season 2024
Make 2024 Amazing with These 7 Proven Strategies
There is no doubt that 2024 will have its share of challenges for the real estate industry. But the general consensus by those in the know is that 2024 holds a lot of promise. Interest rates have already come down a bit, and are expected to come down more as inflation holds steady or drops. Lower interest rates will motivate more sellers to come on market, which will help inventory and buyer affordability. The job market continues to be a bright spot. These factors combined promise a more vibrant real estate market than we saw in 2023. Don't waste another moment--now is the time to make 2024 amazing with these 7 proven strategies: … [Read more...] about Make 2024 Amazing with These 7 Proven Strategies
How to Close Your Listings Faster and for More
Think about it: you're a buyer in today's competitive housing landscape, competing against a multitude of other buyers where there's tight inventory and high interest rates. There are less homes than ever to choose from and most are more expensive than the year before. Or, how about this: you're a seller with a critical sell timeline and you want top dollar for your life's biggest investment. But buyers are playing a waiting game, sidelined by high interest rates and high prices. The last thing you want is for your home to languish on the market for too long. Whether you're a seller, a buyer, or an agent, it is more challenging than ever for everyone to get what they need. This is a never-seen-before market with post-pandemic factors still at play. But believe it or not, a seller's home … [Read more...] about How to Close Your Listings Faster and for More
Best Trending Home Staging Tips in Real Estate for 2024
As a real estate professional you know the true significance of January: getting out ahead of the upcoming spring sale season. You are preparing CMAs for potential listings, sending marketing materials to your farm area, and staying in front of your sphere and leads. And with the expectation of new listings coming onboard, you must be ready to guide your sellers towards the latest interior design staging trends to maximize top dollar. Statistics show investing 1.3% in staging results in a 7.1% average over-list return or 5-15% over asking price (Architectural Digest). Make sure you are a step ahead so that your listings reflect what today's savvy buyers are looking for. Whether you work with a professional stager or perform that service in-house, following are the best trending home … [Read more...] about Best Trending Home Staging Tips in Real Estate for 2024