How do I know if I should change my carpets?
Friday, 27 September 2019
Question: “Should I change my carpets before we sell our house?” Answer: Good question. It depends on what I call the “Eww, Oh, Ooo Test.” “Eww!” If your carpets are so torn, worn, stained, smelly, or of such an ugly color that a homebuyer would say “EWW!”, it could make your home hard to sell
- Published in Q&A - Home Selling Questions
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Should I get a loan or pay cash?
Friday, 27 September 2019
Question: “I want to buy a home and can afford to pay cash. Do you recommend getting a loan or paying cash?” Answer: Congratulations on being able to pay cash for your home! The answer to your question depends on your circumstances and priorities. Reasons to pay cash include: Your offer will be much stronger
- Published in Q&A - Home Financing Questions
How much should I list my home for relative to its value?
Friday, 20 September 2019
Question: “How much should a person list their home for relative to the value?” Answer: Great question. To get the most activity and leave a bit of negotiating room, the optimal amount is about 2% over value, except for higher price ranges. If your home is valued over $1,500,000, I recommend you list about 3%
- Published in Q&A - Home Selling Questions
What’s a capitalization rate?
Friday, 20 September 2019
Question: “What’s a cap rate?” Answer: Cap rate is short for “capitalization rate.” Cap rate is the rate an investment property earns money, as a percentage of the value of the property. It’s similar to an interest rate on a CD. And it’s also your % return if you buy the property for cash. You
- Published in Q&A - Home Investing Questions
This Week’s Crazy Building: Ragnarock Museum
Thursday, 19 September 2019
Dive into rock and roll music at the Ragnarock Museum in Roskilde, Denmark. Beyond the music, visitors explore how it has influenced culture. Designed by architects MVRDV and COBE, visitors walk the “red carpet” as they approach this gold-studded building. The interior also features the same studded shapes but in a red velvet shade, referencing
- Published in Crazy Buildings
How can I find an agent to accurately price my home?
Friday, 13 September 2019
Question: “I know my home is worth at least 1.1 million, but the first two agents I talked to said it’s in the 900s. Where can I find an agent who knows how to accurately price a home?” Answer: Let me first say that you could be right. Your home may well be worth 1.1
- Published in Q&A - Home Selling Questions
Do you pay taxes on a 1031 exchange?
Friday, 13 September 2019
Question: “I’m going to be selling my rental and buying another using a 1031 exchange. A realtor told me that because it’s not my home, the state of California will withhold money from the sale for taxes. Is that correct?” Answer: That agent gave you some incorrect advice. The state will require a 3 1/3%
- Published in Q&A - Home Investing Questions