Prudential Colorado Properties


Home Selling Tips

Here are some low-cost, high-return upgrades to improve the perceived value of your house or condominium:

Eliminate clutter
Visually expand the rooms. Storing half your clothes will make closets look twice as big. Get rid of excess or worn-out furniture.
Increase the buyer's comfort.

Eliminate strong personal statements
If the buyer senses this property still belongs to you, it can give them "territorial anxiety," and they'll feel it will never belong to them. Put away your toy soldier collection. Reduce family photos to a treasured few. Your master suite and kitchen should look like a model home.

Clean up
Of this we're certain: a clean house sells more quickly and for more money than a dirty one. Get your house squeaky clean. If you do nothing else, do this!

Fix up
The house should appear to be in excellent condition and in perfect working order. Even your house number should be new and bright. Pay special attention to the kitchen and master bath. These rooms are always at the top of a buyer's list.

Repair
A motivated buyer will probably bring in a professional house inspector. Make sure nothing is there to be found. Deferred maintenance makes buyers crazy.

Establish a focal point
In each room, give the buyer something to remember: shiny brass andirons by the fireplace, a charming area rug, red geraniums in the kitchen window sill.

Use light to your advantage
Wash all the windows and let in as much natural light as possible. Flick on all the lights. This is no time to conserve energy or to be worrying about the sun fading your furniture.

Consider sound
Quiet is the best policy. It suggests privacy and serenity.

Foster a welcoming aroma
Eliminate offensive odors from pets, smoke or cooking. We can help you create that "new house smell" with common materials and products. And don't forget fresh air and sunlight.

What exactly is a 1031 Exchange?
When you sell property, you pay tax. But Section 1031 (§1031) of theInternal Revenue Code (IRC) lets you defer the tax. A 1031 Exchange(aka: Starker exchange, tax-free exchange, like-kind exchange, delayedexchange, etc.) is a specific transaction that joins the sale of an OldProperty and the purchase of a New Property for the purpose ofdeferring taxes. §1031 is an actual IRS code, NOT a “loophole.” Whereloopholes are technicalities around the law, §1031 IS THE LAW, and istherefore safe and legitimate for anyone who meets the requirements.Qualified properties can be bare land, rentals, commercial buildings,and homes other than your primary residence. You can also use §1031 tobuy and sell oil & gas interests, mineral rights, and working orroyalty interests. §1031 is a great tool when a property has increasedin value or been depreciated for tax purposes. It increases yourflexibility, leverage and buying power, and lets you change, diversify,or consolidate your investments. 


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