Your Reality

Right now there are a lot of homes on the market. Many of them aren’t selling because foreclosures and new homes can price them out of the market. If you’re sure your home should be selling and isn’t, first take a look at the price. There are also some other factors you may have overlooked, like all that stuff right under your nose.

MyREALTY™

Less is more. Simply work to get rid of clutter and reduce furniture, but don’t jam it all in a closet. A buyer is going to open it up to see if they’ll have room to store their things. That means the garage is out, too. Look at it this way; you’re going to have to pack it all up anyway, so you might as well get it done now. The purpose is not only to make a house look large, but also to show a clean canvass for the next owners. This means you need to remove many of your family pictures and personal belongings. Not only do extra decorations detract from the features of your home, but also your own taste in style may send an interested buyer moving on to the next house. Repaint and get new carpet with neutral colors, and your home for sale is more likely to be a home sold.

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Your Reality

It’s long been assumed that you must go cash broke to buy real estate. Putting 20 or 30 percent down on an investment property will do that to any average income.

MyREALTY™

While making a down payment of at least ten percent is highly recommended, you don’t have to deplete your cash reserves to do so. Most people shopping for property have a retirement plan. Did you know that you can rollover your existing IRAs or 401k to a self-directed IRA and use it to buy real estate? You can and without expensive tax penalties. Look up “self-directed IRA” online. You’ll be able to hang onto your cash and, with the volatility of the stock market, very well could be making a wise investment for your future.

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