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FOR SALE BY OWNER - Good luck and let me know how that works out for you! I recently posted "Keys to Success" in February 2011! Real Estate Agents have been known for making "lots of money"! Well let's just say, we love what we do and most of us are excellent at what we do! Now more than ever before in our history of selling real estate is the importance being current on the trends, lending, legal, software, HUD, Short Sales, Foreclosures, Wholesale, and now we must implement QR CODES! QR Codes 101 If you’re not yet familiar with QR codes, they’re similar to the barcodes used by retailers to track inventory and price products at the point of sale. The key difference between the two is the amount of data they can hold or share.
QR code to the Social Media Examiner home page.
$100 Down Payment
LIFE TRANSITIONS: Are you in the season of your life where the answers just are not clear? Do you have a loved one you are concerned about and not knowing what the future brings.
- Do I downsize?
- Do I reorganize?
- Do I relocate?
- Do I modify my home for my needs?
- What services are available and do I have enough assets to meet the needs!
This Tax Law is a bit complex and will only affect a small group of individuals. APPLIES TO: Individuals with adjusted gross income (AGI) above $200,000 and/or couples filing a joint return with more than $250,000 AGI. TYPES OF INCOME: Interest, dividends, rents, capital gains (less capital losses) FORMULA: The new tax applies to the LESSER of:
- Investment income amount
- Excess of AGI over the $200,000 or $250,000 amount
- John and Mary sold their principal residence and realized a gain of $525,000.
- They have $325,000 Adjusted Gross Income (before adding taxable gain).
- The tax applies as follows:
- AGI Before Taxable Gain $325,000
- Gain on Sale of Residence $525,000
- Taxable Gain (Added to AGI) $25,000 ($525,000 – $500,000)
- New AGI $350,000 ($325,000 + $25,000 taxable gain)
- Excess of AGI over $250,000 $100,000 ($350,000 – $250,000)
- Lesser Amount (Taxable) $25,000 (Taxable gain)
- Tax Due $950 ($25,000 x 0.038)
Today's real estate career is very rewarding and at times can be very demanding. Recently, those who have been in the industry for a while are stressing the need for continued education, researching market values and trends, knowing the mortgage products, staying up-to-date on contract modifications, in addition to becoming "technology genius's"! We now must know how to search for title information, build a website, blog, skype, create virtual tours, post on craigs list, efax, text with photos, download, upload, sync up our smartphones, locate Wifi for our portable laptops...oh my and THEN have time to SELL REAL ESTATE.
You have to be good at all of the above in order to succeed in this environment. So if you know someone who thinks they want to sell their home on their own...remind them of our skills and knowledge and to think again! More than ever before, the skills and knowledge of a Real Estate Agent are necessary to complete a smooth real estate transaction. Real Estate agents today not only have to be a people's person, but have a PhD in tech and legal!
