TxFamily.com: June 2016

Tuesday, June 14, 2016

Increase Your Marketability

The seller has three tools available to affect the marketability of their home: price, condition and terms. Price is the easiest to adjust for the competing properties, amount of inventory or market conditions. However, lowering the price is not necessarily the best decision when trying to maximize the proceeds of sale.

If a home is in poor or outdated condition, updating can be done to make it show favorably with other homes that are currently on the market. Sometimes, sellers rationalize not doing the work by saying they believe the buyers would rather make their own choices. The truth is that most buyers are using all their resources to get into the home and will have to live in its present condition until they can save enough to make the changes they want.

Another reason to go ahead and invest the money and effort into improving the condition is that it is difficult for buyers to imagine the home any other way than its current condition. When comparing one home to another, buyers will sometimes refer to a home as the “stinky house” or the “old kitchen” which may put it at a disadvantage.

While price and condition are the main things that control the marketability, terms can be equally effective. Terms relate to financial considerations made by the seller to induce a buyer to make a decision to purchase their home.

Seller-paid points or closing costs, interest rate buy downs and owner-financing are examples of terms that may increase the marketability of a home because of the additional benefits they offer to buyers.

An example could be that a seller will carry a 10% second lien so that the buyer can get an 80% loan and avoid the expense of mortgage insurance. The seller gets most of their equity plus a fair interest rate on the loan that doesn’t have to be tied up for 30 years like the first mortgage.

Increasing the marketability of your home is a great conversation to have with your real estate professional especially to help you get the highest price in the shortest time with the fewest problems. Just be aware that not all agents may be as creative as some.

Wendy Huang, MBA,SRS, GRI, CRS, IRES, e-pro, ASP, ALHS, SFR, RFC, RE/MAX Premier Group, RE/MAX Hall of Fame,

RE/MAX Lifetime Achievement ; Over 20 years' experience!

Helping Over 1000 Families Meet Their Real Estate Needs !!!

Direct: 972-365-7888

Has your home value gone up in the past 6 months? Click here for a Free INSTANT Report ! '
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Wednesday, June 8, 2016

4808 Portrait West Plano Wendy Huang 972-365-7888 RE/MAX Premier Group

Wendy Huang, MBA,SRS, GRI, CRS, IRES, e-pro, ASP, ALHS, SFR, RFC, RE/MAX Premier Group, RE/MAX Hall of Fame,

RE/MAX Lifetime Achievement ; Over 20 years' experience!

Helping Over 1000 Families Meet Their Real Estate Needs !!!

Direct: 972-365-7888

4808 Portrait West Plano Wendy Huang 972-365-7888 RE/MAX Premier Group

Wendy Huang, MBA,SRS, GRI, CRS, IRES, e-pro, ASP, ALHS, SFR, RFC, RE/MAX Premier Group, RE/MAX Hall of Fame,

RE/MAX Lifetime Achievement ; Over 20 years' experience!

Helping Over 1000 Families Meet Their Real Estate Needs !!!

Direct: 972-365-7888

4808 Portrait West Plano Wendy Huang 972-365-7888 RE/MAX Premier Group

Wendy Huang, MBA,SRS, GRI, CRS, IRES, e-pro, ASP, ALHS, SFR, RFC, RE/MAX Premier Group, RE/MAX Hall of Fame,

RE/MAX Lifetime Achievement ; Over 20 years' experience!

Helping Over 1000 Families Meet Their Real Estate Needs !!!

Direct: 972-365-7888

4808 Portrait West Plano Wendy Huang 972-365-7888 RE/MAX Premier Group

Wendy Huang, MBA,SRS, GRI, CRS, IRES, e-pro, ASP, ALHS, SFR, RFC, RE/MAX Premier Group, RE/MAX Hall of Fame,

RE/MAX Lifetime Achievement ; Over 20 years' experience!

Helping Over 1000 Families Meet Their Real Estate Needs !!!

Direct: 972-365-7888

Monday, June 6, 2016

If you're going to play, GET IN THE GAME

If competition is a buyer’s biggest concern, for goodness’ sake, get in the game. In a new survey of close to a thousand home buyers conducted by Redfin, affordability is still the number one concern but due to low inventories, competition from other buyers is moving its way up the poll.

26% identified affordability while 19% mentioned competition and 15% mentioned low inventory as their respective top concerns. get in the game-250.jpg

To win, athletes study the competition to come up with a plan and buying a home is not different.

Ask what terms are important to the seller before you write the offer.
Once you decide to make an offer, do it as fast as you can, hopefully, to be the only one the seller is considering.
Make a good (or possibly, your best) offer in the beginning; you may never get a chance at improving it. In highly competitive situations, offer above the list price.
Attach your pre-approval letter from a respected lender. This means you’ll need to get pre-approved before you even think about writing an offer.
Have your lender call the listing agent to reassure them of your ability to qualify.
Include a higher than normal amount of earnest money to show you are serious.
Eliminate unnecessary contingencies.
Write a personal, hand-written letter telling the seller what you like about their home and why you want it. Consider including pictures of your family.
Minimize seller expenses paid for the benefit of the buyer.
Shorten inspection times.
Don’t ask for personal property.
Be flexible on closing dates to accommodate the seller’s move.

Once you find your dream home, don’t take a chance on losing it. Write a winning offer that will be good for both the sellers and the buyers.

Wendy Huang, MBA,SRS, GRI, CRS, IRES, e-pro, ASP, ALHS, SFR, RFC, RE/MAX Premier Group, RE/MAX Hall of Fame,

RE/MAX Lifetime Achievement ; Over 20 years' experience!

Helping Over 1000 Families Meet Their Real Estate Needs !!!

Direct: 972-365-7888

1922 Bridgewater Allen for lease $2395 per month Extra large corner lot with Auto Gated Fence

Elegant Home with all of the amenities you would expect! Upgraded wood floors, New carpet. Gourmet kitchen with Granite counters, LG extended bar, and nice appliances. The floor plan allows for an ideal traffic flow for every level of entertaining. Large corner lot. Wonderful Backyard, extra large extended patio and Automatic Gated Fence. Shows beautifully! Close to Twin Creeks, Golf course, park, Community Pool, Playground. Award Winning schools

Wendy Huang, MBA,SRS, GRI, CRS, IRES, e-pro, ASP, ALHS, SFR, RFC, RE/MAX Premier Group, RE/MAX Hall of Fame,

RE/MAX Lifetime Achievement ; Over 20 years' experience!

Helping Over 1000 Families Meet Their Real Estate Needs !!!

Direct: 972-365-7888

Friday, June 3, 2016

Choose a Lower Tax Rate

During campaign season, it is not unusual to hear a candidate criticized because they make a lot of money but pay little in income tax.

While it might not seem fair, taxpayers are allowed to arrange their affairs so that they minimize the amount of tax paid.
tax brackets.png

Salary, wages and commissions, along with interest and dividends are taxed at ordinary income rates which can range from 10% to 39.6%. However, capital gains rates, for property held more than 12 months, are much lower ranging from 0% to 20%. Taxpayers in the 25-35% brackets pay LTCG rates of 15%.

The profit on rental property enjoys the lower long-term capital gains rates as compared to the profit on “flipped” property which is taxed at ordinary income rates.

Investments in rental homes generate income, provide depreciation for tax shelter, have equity build-up due to the amortizing loan, leveraged growth due to the borrowed funds and appreciation. The profits could be considerably higher than alternative investments and the profits taxed at lower rates.

The advantage is available to people who understand the tax laws and choose to arrange their activities so they pay a minimal amount of tax. The advantage is available to all taxpayers, not just the rich. In fact, implementing these types of strategies could lead to an increase in wealth.

Wendy Huang, MBA,SRS, GRI, CRS, IRES, e-pro, ASP, ALHS, SFR, RFC, RE/MAX Premier Group, RE/MAX Hall of Fame,

RE/MAX Lifetime Achievement ; Over 20 years' experience!

Helping Over 1000 Families Meet Their Real Estate Needs !!!

Direct: 972-365-7888

5509 Bentrose Dr, Mc Kinney, TX 75070 -

Sophisticated design with all the bells & whistles in this fabulous AMAZING SOTHERBY CUSTOM HOME. Elegant Style! Airy Floor Plan Lends Itself To Family Life And Entertaining. Huge Bedrooms. Upgrades, Built-ins, NEW custom color and Decorator Touches Throughout. Extra Large Gourmet kitchen, Granite, stainless appliances, double ovens, gas cook-top, huge island, 4 spacious BR's plus study. Master suite has extra large walk-in closet, large closets in split BR's, 2 living area's, 1.5 story, HUGE upstairs area with full bath and closet could be 2nd master suite, game, media. Crown molding, Hand-scraped Hardwoods in entry and hall, oversized 3 car garage, tons of storage. Extras everywhere!!!! contact Wendy at 972-365-7888 to book an inside tour!…