Ready for Tax Time
Tax season can be a confusing time, so it is crucial to keep in mind the important dates coming up in 2021. Additionally, you can save time with a tax professional. As you begin preparing your 2020 tax return, read below for a snapshot of what you will need to know.
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Make the Most of your Taxes
When you are informed on all deductions, credits and strategies that are available, there are many ways to lower your tax bill. From choosing itemized or standard deduction to opening a health savings account, there are many ways to save come tax time. Read below for more information:
For tips on Rate of Return of Home Improvement Projects, CLICK HERE.
January Market Update
Below Find the January 2020 Market Update by County for the Triangle.
To see market stats for communities in the Triangle, mouse over communities on this website and click on the community you would like market stats on and scroll to the bottom of the page. This resource is current to the date you pull data. Just another resource we offer to assist you with increasing your knowledge base about Real Estate.
In Chatham County, there was a 6.4 percent decrease in the number of new listings in January which decreased from 109 to 102. The number of closed sales increased from 84 to 94, a 11.9 percent increase. Median sales prices also increased by 10.9 percent. In January, Chatham County median sales price exceeded the median sales price for all MLS listings.
In Durham County, new listings decreased by 15.9 percent and closed sales have decreased by 14.9 percent. Median sales price has increased 4.5 percent from this time, moving from $280,000 to $292,600. Average sales price increased by 7.5 percent. In January, the Durham County median sales price was approximately level with the median sales price of all MLS listings.
The number of listings in Orange County has increased by 8.2 percent, from 147 to 159 new listings this year. There was a 48.2 percent increase in closed sales. Additionally, median sales price increased by 8 percent, from $314,000 to $339,000. In January, Orange County median sales price exceeded the median sales price for all MLS listings.
In Wake County, there was a decrease of 14.6 percent in the number of new listings, which decreased from 1,987 to 1,696. The number of closed sales increased 15.5 percent from 1,234 to 1,425. Median sales prices also increased by 8.1 percent for January. Compared to the median sales price for all MLS listings, Wake County median sales price were about level in January.
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Get the Most out of your Home
In today’s world, getting the most out of your house is not just preferable, but a necessity. We are spending more time in our homes than ever before, so it’s important to enjoy the space, while you are living in it. By keeping your home in good shape, you may be able to sell it for a higher price later while simultaneously benefiting from a more pleasurable home.
By updating and repairing items in your home in a timely manner and regularly, the home is kept in good shape. Just like a car being waxed, polished and well maintained, both you and your home will be happier.
Just because you may have an older home or have retro aspects to your home, does not mean you need to destroy or rebuild. Carl worked on a custom marketing plan for his latest property, focusing on the unique 1950’s attributes of the home. By polishing up the home, specific buyers were attracted to the home because they embraced the property’s originality.To check out this home, Click Here
If you are looking to renovate any part of your home or add onto it, consider the return on investment (R.O.I) you will receive when you sell the home. It is important to keep that in mind while also remembering potential buyers will look at the updates they need to make before moving in. To learn about what projects can add value to your home and which to avoid, Click Here
Getting the most out of your home by keeping it repaired and updated will add utility and enjoyment. If you’re not sure what needs to be done before you sell your home, contact Carl at 919-880-0904 or Click Here