Money Saving Tips!

  

 WHEN SHOULD I STAGE MY HOUSE? 

* Require maximum resale value
* Reduce your time on the market
* House is being viewed but there are no offers
* Especially when the house is vacant!  Potential buyers fail to imagine their furnishing in the home. Statistics show a vacant home takes twice as long to sell than a furnished home.



WHEN SHOULD I CALL THE STAGER?

* Before the "FOR SALE" sign goes up
* Before the MLS photos
* Before the virtual tour
* Before the realtor caravan
* Before your first open house, or next open house
* Before your next price reduction



IS STAGING TAX DEDUCTIBLE?

YES! Staging services can be considered an advertising fee (See IRS Publication 523) and these selling expenses include commissions, advertising fees*, legal fees and loan charges paid by the seller. 

 

*Staging a home for re-sale is considered an Advertising fee.  There are no time limits on the Advertising Fees related to the sale for the IRS.  However, it is important to note that if a property does not sell and is taken off the market; expenses for that transaction are NOT deductible in the future. Check with your accountant for full details.

http://www.irs.gov/publications/p523/index.html