Thursday, March 29, 2012

8 Ways to Boost Your Home Appraisal

8 Ways to Boost Your Home Appraisal

If your in the market to sell... watch this short clip from the Today Show by clicking on the link.

Debt Forgiveness and Short Sales

Seek Professional Counseling from an Attorney and Tax Advice before doing a Short Sale
The Mortgage Forgiveness Debt Relief Act of 2007 is an option created by the government to help assist sellers when they can no longer afford to pay their mortgage.

My suggestion is to educate yourself in this situation by going to the IRS web site and research foreclosure, short sales and debt forgiveness.  Many factors determine if your debt can be cancelled by your lending institution...  (there's a ton of paperwork and diligence providing the documentation required to accomplish the task).  A 1099-C form is one term you will want to discuss with your tax advisor.  It is my understanding that the Mortgage Debt Relief Act of 2007 allows the taxpayer to exclude income from the discharge of the debt on a principal residence.  Investment properties would not qualify for this relief.

It's important to visit with your Attorney or CPA before beginning the process.  The amount forgiven might be reportable as income.  So, visiting with an experienced attorney about bankruptcy may provide you with the relief you really needed in the first place.

This article is not advise nor directions on how to do a short sale... but, may help consumers to research the concept of how a short sale and/or bankruptcy process works.  After you have counseled with your attorney and tax advisor... and a short sale is in your best interest, please contact me on listing your home. 

Monday, March 19, 2012

Now Listed for Sale 402 W. Pierce, Purcell, OK 73093

Three or Four Bedroom Home with Two Living Areas in Town of Purcell

Are you moving to Purcell, OK?  Do you need the options of more than 3 bedrooms, or desire 2 living areas?  Maybe you want 2 dining areas... well this home covers all those options!  This house is so versatile in it's design, that the "flow" and "options" for living space is unique and sought after.

Currently, one bedroom is used for an office but, would make a really cute nursery.  The next versatile room is used as a second office, but would be a wonderful teens bedroom, just by adding double french doors, (which the owners would be happy to install for you!).  The previous owners used this room as a dining area/breakfast room.  A butlers pantry, located just off this room, would be a wonderful service for staging or drink bar for dinners!

The utility room is larger than most bedrooms.  Then... there is an enclosed sunroom, a nice double car attached garage with insulated door, a fenced in back yard and a cute, cozy side patio, just made to enjoy grilling on!

402 W. Pierce is handsomely and meticulously maintained and well built!  Hardwood floors, new Champion double pane windows, new shingles, extra insulation and new master bath and kitchen remodel will make your showing a pleasure to see.  You'll be glad you called!