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Avoid These Staging Mistakes

by Roger C. Pettingell

If you are ready to sell your Longboat Key home you need to consider the importance of staging.  In today’s market, staging your home – setting it up to appeal to a wide variety of possible buyers, is more important than ever. You want your home to look neat, well maintained, spacious and ready to move into.

It is easy to make mistakes, but below are some of the top mistakes sellers make when they are preparing their house for the market:

  • You don't go it alone, don't be afraid to get advice from others on what looks neat and organized. Get your realtor’s advice; or if selling on your own, have a trusted third party walk the home with you and point out areas that look cluttered or cramped.
  • Keep in mind that you do not have to make extensive renovations or replace all the furniture to be successful. Keep things simple and your investments small. Simple updates to paint, replacing light fixtures or changing out pillows or bedcovers can all go a long way to giving your home an updated look without major expense.
  • Leave out personal items and knick-knacks. Be sure to remove family photos, school projects and other personal items that might make it hard for a new family to envision themselves living in the space. 
  • If you need some inspiration, visit a few model homes for sale for ideas on attractive staging and open spaces. Open up heavy curtains with tie backs and make sure that your furniture isn’t in the way of creating, bright open spaces. If you need to take some things out, try temporary storage.
  • Avoid painting with dark or intense colors. Keep your wall and flooring colors to neutral, adaptable tones. Even if bright or varied color palettes are trendy, they are too much for most prospective buyers..
  • Avoid overstaging with accessories. Over the top accessories, including flowers, strong scents, and loud home décor items not only make it look like you are trying too hard, they can detract from the real form and functionality of your house.
  • ​You don't have to be a professional to get professional ideas!

Simplicity is the key to correctly staging your home for sale. Clean, uncluttered and neutral surroundings show off the possibilities of your home to your buyers and make your house the number one choice!

Please contact me if you are ready to sell your home!

 

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The Red Barn

by Roger C. Pettingell

Are you in need of a day of fun at the most amazing flea market anywhere Then go no further than the local Longboat Key area!

The Red Barn is Bradenton's one-stop destination for the whole family. Where else can you find food, fun, amazing shopping AND free parking? Explore truly unbelievable variety in over 600 booths and specialty shops. Snack, shop and socialize in a friendly neighborhood atmosphere.

Come and enjoy 80,000 square feet of air conditioned bargain hunting comfort!  Stay cool, while you enjoy the savings!

What does the term 'flea market' bring to mind?

Most of us have a mental picture of dusty outdoor stalls and get thirsty just thinking about it. Well tear that picture up and get yourself over to the Red Barn. You're in for a BIG surprise. And don't worry about being thirsty-we've even got something for that!

Come on over. Find anything and everything you need. We've got it all.

Thanks .annamariaisland-longboatkey.com for the info on this great weekly Longboat Key area event!
 

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Benefits to Buying a Home

by Roger C. Pettingell

Thinking about buying a new Longboat Key Home? Then, I'm sure you've been asking yourself the same questions we all think of when we make the decision to buy. Have you saved enough money for a down payment? Can you afford the expenses associated with owning a home? Are you going to stay in the home for a short period of time or is this home a place you intend on living in for years to come? Can you qualify for a mortgage?

There is a lot to think about and if you are considering the benefits of home ownership, some of those benefits are missed by homebuyers when considering their options.

Tax deductions when you own a home

Mortgage interest tax deduction. First-time homebuyers may be pleasantly surprised when they file their personal income taxes after they purchase a home as their primary residence. The interest payments they have made to their lender are fully deductible. When you start making mortgage payments, almost the whole loan payment consists of interest. In the early years, you pay little principal back on the loan. If you have an equity loan on that primary residence, you can also deduct interest paid to the lender on loans up to $100,000.

Property tax deduction.

In addition to the mortgage interest tax deduction, you can also deduct on your federal income taxes your real estate tax payments associated with your primary residence. IRS Publication 530 has more information about how to deduct your property taxes. And, for now, it seems that Congress will continue the mortgage interest tax deduction and the real estate property tax deduction.

Buying a home with extra perks

Buying a historical property. Buying a historical home has its pros and cons. You may be able to buy a home with history and heritage, but you may have to pay quite a bit more to renovate and keep up with home maintenance. If your historic home is in an historic district, you may have other limitations on what you can do with your home and how you must maintain the home. There may be a federal tax credit and state tax credit available to owners of historic property. In some parts of the country, if you own a historic home, you may be able to get a real estate tax benefit from your local tax assessor’s office. Thirty states now offer state rehabilitation tax credits for historical properties. Keep in mind that you may have to comply with certain building standards to keep and maintain historic property to receive a tax benefit. If you’re willing to put in the work to maintain a historical home and restore it to its original beauty, you may benefit financially. Start your search for a historic home with the National Trust for Historic Preservation.

Buying in a community targeted by state or federal governments for redevelopment.

One of the most important rules of real estate is Location, Location, Location. In some cases, you can benefit by finding a neighborhood that has the backing of the federal or state government. Some government agencies will give lenders incentives to have them lend money in certain communities and neighborhoods. If you can qualify for these benefits, you might find that the interest rate on your loan is below market or that some of the closing costs associated with your purchase are covered by the lender or the governmental agency. The Community Reinvestment Act is a federal law that encourages lenders to meet the needs of borrowers in low- to moderate-income communities and the location of some of these properties can be targeted under specially designated census tracts. Talk to your mortgage broker or real estate agent to find out if you can look at homes in these census tracts.

Additional benefits of home ownership

Building Equity. At the beginning of the life of your loan, you will be paying most of your payment to interest. But every month, that balance will shift and you will be paying more of your payment toward principal and less to interest. Instead of paying rent to a landlord, you will be making the payment toward your investment in equity. While the last decade has not been a good one for homebuyers, historically, when you make your monthly payments, you will find that your loan balance decreases and you increase equity in your home.

Freedom of being a homeowner. If you look at rental listings you might find such criteria as “no pets” or “no painting.” Owning your own house gives you the freedom to make your home into whatever you want it to be, and the satisfaction that comes with building a home. You can make changes and upgrade your home, building more of an investment in your future and being the king or queen of your castle.

Owning a home is a big step and you should think carefully about what home you purchase for you and your family. Do you still have questions about owning a home? Contact me!

 

 

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Displaying blog entries 1-3 of 3

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Roger Pettingell?

Experience

  • Over 33 years as a top producing REALTOR® on Longboat Key and in Sarasota.

Achievements

  • Number 1 single Coldwell Banker agent in all of Florida for 2008, 2010, 2012, 2013, 2014, 2015, 2016 and 2017
  • Number 1 Realtor on Longboat Key and Bird Key for 2008, 2010, 2012, 2013, 2014, 2015, 2016, 2017 and 2018
  • Number 1 Realtor for all Sarasota in 2008, 2010, 2012, 2013, 2014, 2015, 2016, 2017 and 2018
  • Coldwell Banker Society of Excellence award in 2013, 2014 and 2016
  • Ranked among the top 250 agents in the country for 2014, 2016 and 2017 by REAL Trends as reported in the Wall Street Journal.

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About Roger Pettingell

Roger Pettingell of Coldwell Banker Residential Real Estate is your Longboat Key, Florida Luxury Real Estate Specialist. Roger provides his real estate expertise to sellers, investors, developers, and buyers in the Sarasota area including Anna Maria, Bird Key, Bradenton Beach, Casey Key, Cortez, Grand Bay, Holmes Beach, Longboat Key, Marina Bay, Osprey and Siesta Key. Search for homes, luxury homes, condominiums, investment property, development property, and vacant land and lots on the Longboat Key, Florida and the surrounding area.