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Buyers Want Your Home for as Little as Possible. Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision. Find Out More > View All Offers >
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Remodeling and Renovations >Considering Major Improvements
You have decided that it is time to sell your home. After taking an objective look around, you realize that you have a lot of work to do in order to prepare your home for the market. If it will take more than just cleaning to get your home for showing, it may be time to call in two professionals--a home improvement contractor and a professional real estate agent.
The ideal listing has a modern kitchen and bath, fresh paint, beautiful lighting fixtures and elegant hardwood floors or high-end wall-to-wall carpet. Your real estate agent can offer suggestions about what your house needs, what colors or cabinet styles are popular with buyers, and tips on cost-effective improvements. The contractor can work with you to put your plan into action.
If you feel that the costs or disruption of a major remodeling project would be overwhelming, you have the option of marketing your home as a "fixer-upper." If you decide to sell your home "as is", your agent can prepare a market analysis to give you an idea of what you can expect to net from the sale of your home.
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| Q |
Which law allows a person to give another individual up to $10,000 a year without any tax consequences?
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| A |
The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year. |
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