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Home Value and Capital Gains The phrase "capital gains tax" has the power to create fear in the heart of many homeowners, especially those with plans to sell in the near future.

If you are planning to sell your home soon and already worrying about your capital gains liability, the information in this article can help you understand the meaning of the law, and help you determine how, or if, the capital gains tax will affect you with the sale of your home.  

What is the Capital Gains Tax?

As the Internal Revenue Service (IRS) explains, nearly everything owned or used for personal or business use is considered a capital asset, including your home and even your furniture and other personal possessions. Capital gains taxes are calculated by computing the difference of the basis

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Fully Furnished Home By now you've surely heard that staging your home before putting it on the market will help you sell your house faster and for a better price, since seeing a furnished property helps buyers imagine living there. But would buyers also be interested in keeping all that furniture and some of the decorative touches for themselves? 

As it turns out, yes – there is a market for selling fully furnished homes, and there are buyers out there who are looking for 100 percent turnkey properties that they can slide into without even hiring a moving van. This type of sale is becoming more common in some areas, though it's still far from the norm in most areas of the country. 

When Should You Sell a Fully Furnished House?

For certain sellers, getting rid of

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Waiting for Home to Sell Mortgage interest rates are historically low and the homes available for sale inventory is tight. So, why is your home still on the market?

It can be a little discouraging not to get the quick sale you may have expected, especially when selling your home might be an important next step in your life.

After speaking to your listing agent, and if your home has been on the market for a while, consider the following:

1. Is the Home's Price too High?

When there is high demand for housing paired with a low supply, all things being equal, homes will usually sell for more than they would in a down market. However, there are always limits to what buyers are willing or able to pay. Do some research with your agent to see how your home is priced compared

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Improvements Before Selling Home If you are preparing your home for the market, you should know that even well-maintained homes can sometimes need minor repairs or renovations to compete well with other homes for sale in the area. However, you may have questions about which repairs or renovations are really necessary.

If you are a soon-to-be home seller and wondering what you should do to get maximum buyer attention and the best possible offers on your home, the following tips will help you make an informed and financially smart decision.

Take a Good Look at the Competition

One of the best ways to make an informed decision about what your home will need to make it compete well in your area is to take a good look at the competition.

To do this, ask your real estate professional

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Choosing a Home & Location Finding the right home in the right location can sometimes feel like looking for a needle in a haystack, but it doesn't have to be that way. Instead, there are some tips and tricks for finding that perfect combination of house and location that really feels like home.

The more knowledgeable you are about the area and the styles of available houses the better, but a good local real estate agent can also help with any questions or concerns. To be sure what you are getting, don't get caught up in only the location or only the house. A balance between the two generally makes for a better purchase and less chance of regret.

Location, Location, Location

There's a reason this phrase is so common: The location of a new home is highly important. Noise,

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Narrowing Home Search When looking at potential homes, homebuyers can be overwhelmed with all of the choices out there. Hundreds of homes are on the market in any given city throughout the year.

Without evaluating every single listing, how can new homebuyers narrow the search down?

Start With the Basics

When presented with a myriad of choices, it is best to put first things first. The buyer’s budget, type of home, the number of beds and baths, and location are the cornerstones of any property search.

Budget

Every potential buyer would love to have a multi-million dollar budget when looking for their dream home. However, for most buyers, this is not the case. Having a realistic budget in mind will be an important factor in narrowing the initial home search.

Type

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Kitchen Return on Investment There's no room in the house more subject to remodeling fantasies than the kitchen. It's natural to want a place where you spend so much time to function well and look great — especially since it's the room where people often gather.

Interestingly, data gathered about the return on investment for home improvement projects shows that a minor kitchen remodel will give you way more bang for the buck when it comes to adding value to your home than a full gut job will. 

To get the most out of your home improvement money and try these quick and easy kitchen makeover projects. 

Replace Cabinet Hardware

Purchasing new knobs and drawer pulls for your kitchen cabinets can get pricey, but it's much less expensive than replacing your cabinets outright.

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Selling a Home While Buying Not everyone is a first time homebuyer. Many current home owners are considering scaling up for more room, or down for less maintenance and utility costs. 

If you already own a home, but are looking for another one, there are certain aspects of the purchasing process that may be a bit more challenging. Questions like "Can I sell my home while looking for another? Or, can I make an offer on a new home if my home has not sold yet? spring to mind. 

The good news is that you are not the first home buyer and seller to face this issue. There are many other prospective home buyers just like you, along with options on how to handle the situation. Here are four viable options for buying a new home when you still have one to sell - and the pros and cons of

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Selling a Fixer Upper House There are hundreds of articles about curb appeal to make your home attractive to potential buyers, and many more about quick fixes you can do prior to or after a home inspection to impress buyers and help seal the deal. But do you have to invest in changing your house before you sell?

Is it possible just to put up that "for sale" sign and let the chips fall where they may?

Possible? Yes. Smart? It depends. Take a look at the pros and cons of selling your home as a fixer upper to see if it's a good choice for your situation.

Selling "As Is" Pros

Fewer Upfront Costs

Often times, the biggest reason people look at selling a house "as is" is that they don't have the funds to make any further investments in the property. When sellers are short on

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Renovated Backyard When trying to sell your home, the best way to go about gaining the interest of buyers is to have an edge or an advantage of some sort that makes your home stand out above the others in your area. It should be memorable enough to have people picturing themselves living there.

One way to achieve this is to create an irresistible outdoor living space.

What is an Outdoor Living Space?

An outdoor living space is essentially transforming your backyard into a functional space where people can entertain, socialize, provide their kids or friends with activities, or simply be a place for spending time together. Creating an outdoor living space helps the buyer envision memories that will last a lifetime.

The Perks of Having an Outdoor Living Space

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