It’s that time of year when many of us are likely starting to do our taxes. If you do your own, you no doubt know many of the deductions you can claim. But do you know ALL of them? Courtesy of USA Today, here are five deductions that are little-known, but might pay off big.
Tag Archives: Topics For Home Sellers
Whether you’ve tackled a ton of home improvement projects on your own or haven’t so much as touched a paint brush, you can learn plenty of do’s and don’ts from this article written by a serial home remodeler from CNNMoney.
FOR IMMEDIATE RELEASE
Keller Williams Realty Now #1 Real Estate Company in the United States by Agent Count
Company also announces franchise expansion into Germany, Austria, Switzerland, and Turkey
DALLAS, TEXAS (February 17, 2013) — Keller Williams Realty, Inc. announced today that it is the largest real estate franchise company by agent count in the United States, with approximately 80,000 associates. In recent years, Keller Williams Realty has posted record growth numbers, surpassing RE/MAX, Century 21, and now Coldwell Banker to secure the industry’s top position. The news, based on publically available information as of February 6, 2013, was announced in front of more than 10,000 Keller Williams associates during the company’s annual convention in Dallas, Texas.
During his standing-room-only, annual State of the Company address, CEO Mark Willis made the announcement, stating, “Keller Williams associates: We are one family. We have one destiny. We share one thing…We are America’s #1 real estate company by agent count!”
Willis also reported strong productivity gains by Keller Williams associates in 2012. Year over year, per-agent units increased 23 percent, closed volume was up 31 percent, and gross commission income rose 28 percent. Moreover, a record 91 percent of the company’s offices were profitable for the year. The company also announced its final profit share total for the year, which added up to more than $55 million in profits distributed to Keller Williams associates – an increase of 44 percent over the previous year.
Keller Williams Realty President Mary Tennant updated attendees on the company’s charitable 501(c)(3) entity, KW Cares, which in 2012 awarded $2.7 million in grants to associates and their families in need.
And finally, Keller Williams Worldwide President Chris Heller announced plans to expand into two new regions: (1) Germany, Austria, and Switzerland; and (2) Turkey. The company previously announced global franchise agreements in Vietnam, Indonesia, and Southern Africa. Heller also extended a big welcome to more than 70 international guests who were visiting from 18 countries.
“One of the keys to Keller Williams Realty’s phenomenal success has been our ability to grow organically – from agent to agent, from market center to market center, from country to country – earning our reputation one person at a time,” Heller said.
Willis’ presentation was followed by a 30th anniversary party. The No. 1 announcement and celebration capped a remarkable year for the Austin, TX-based company:
Willis thanked associates and implored them to “Never back down” from their new position as the largest real estate company in the United States: “Let’s celebrate tonight, but watch out, competition. Tomorrow we’re going to be working harder than we’ve ever worked before. The real prize we’re pursuing is to be #1 in agent count and transactions and volume all across the world!”
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*Disclaimer: Keller Williams received the highest numerical score among full service real estate firms for home buyers and home sellers in the proprietary J.D. Power and Associates 2012 Home Buyer/Seller StudySM. Study based on 2,994 total evaluations measuring five firms and measures opinions of individuals who bought or sold a home between March 2011 and April 2012. Proprietary study results are based on experiences and perceptions of consumers surveyed March-May 2012. Your experiences may vary. Visit jdpower.com
About Keller Williams Realty, Inc.: Keller Williams Realty Inc. is the largest real estate franchise company in the United States, with approximately 700 offices and 80,000 associates around the world. The company has grown exponentially since the opening of the first Keller Williams Realty office in 1983, and continues to cultivate an agent-centric, education-based, technology-driven culture that rewards associates as stakeholders. The company also provides specialized agents in luxury homes and commercial real estate properties. For more information or to search for homes for sale visit Keller Williams Realty online at (www.kw.com). For more information about KWWorldwide, please visit (www.kwworldwide.com).
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Stephanie van Hoek 512/439-8708 Email
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The online survey was conducted in early September among 2,570 U.S. adults age 18 and over and 13 percent said that if they were considering purchasing a home, they would delay their purchase until after the election because of the uncertainty it creates. Another 12 percent said they would take the election into consideration, and it might cause them to delay buying a home. Continue reading
When you’re listing your home for sale, one of the things that is very vital is the appraisal. Yet, this is an area that can be significantly positively or negatively influenced by what you do or don’t do to your home before it is appraised.
#3 Unkept Exterior/Interior
Having a messy home from the outside in, not only can cause potential buyers to turn away from your home but it can also cause an appraiser to shave a little off your appraisal. If the exterior has lots of overgrown and unkept bushes and the house is dilapidated, this could cause the appraiser to take “as much as 3 percent off”, according to CNNMoney.
Curb appeal doesn’t just help entice buyers to come in and see more of your home; it can actually increase your appraisal value. Also, if neighboring homes are meticulously kept up and yours isn’t, this could cause your appraisal to be even more severely downgraded. A carefully maintained yard is a sign that the home is also likely kept up.
#2 Trendy Remodels
Remodeling can certainly add value to your home, especially if you’re adding storage, room additions, and other important improvements that are popular among buyers. However, if you do a costly and trendy remodel and think that the true cost will equal the value, you could likely be very disappointed.
Some remodels add value while others can actually hurt you when an appraisal is done. To make the most of a remodel, renovations should keep in line with the historical period of the home. If they don’t, then an appraiser will assess the cost of having the remodel taken out such as a trendy custom-built, entertainment center. However adding space to the kitchen using timeless styles will add value.
#1 Failure to List Improvements
Rather than trying to determine which improvement will increase your value, compile a detailed list and give it to the appraiser. Have copies of any documentation, such as city permits that were necessary, available for the appraiser to review.
While you cannot expect all improvements to help your appraisal, Buyers and appraisers expect a to be in good condition. Knowing which areas to pay particular attention to can help you increase your home’s value.
Buying a Home Won’t Get Much Cheaper – CNN Money