“It’s much easier to stay out of trouble now than to get out of trouble later.” Warren Buffett
In today’s DIY climate, there are countless opportunities for consumers to take business and personal matters on themselves without the help of professionals. With in home tax software for personal and business taxes, who needs an accountant? But, maybe you didn’t realize you qualify for a tax credit that will save you thousands, because you haven’t read the entire latest tax code and your accountant has. If you don’t consult with a tax professional to learn about it, you may never know about it.
Need to sell your home? Why not just throw a sign in the front yard and put an add up on Craigslist; houses are basically selling themselves in this market right? The reality is that in addition to listing your home for sale and facilitating the appropriate state mandated legal process to complete your real property sale properly, a REALTOR® can help you with so much more. They can guide you toward down payment assistance for your new home, professional photography, staging, curb appeal, marketing, moving resources, escrow assistance, and so much more. They can save you money by advising you on where you should spend your money before listing your house, and where you should not. If that doesn’t convince you, the National Association of REALTORS® reports that agent sold homes sell for an average of 18% more than for sale by owner homes.
When you hire a professional, that individual takes on the liability of your transaction and has the education and resources available to prevent potentially devastating mistakes. Many homeowners are not aware that there are federally required disclosures that must be filed when you sell a home. Failing to submit any one disclosure can come with fines up to $10,000. We all try to save money where we can, but when there is as much at stake as there is when you’re filing taxes, buying, or selling a home, it is important to truly understand what is at stake before you disregard the advise of professionals. A well trained and educated REALTOR® can help you avoid devastating and costly mistakes from becoming a part of your transaction.
It is also vitally important to consider the source of information you are relying on to make a decision. As such, a REALTOR® is not a financial or tax-adviser and should not be considered a reliable resource to advise you on how to file your taxes. Hiring the right professional for the job is the most important thing you can do to protect your financial future.
If you are considering buying or selling a home in northern NV consider supporting our business, Homeward Bound NV. All earnings we receive from our work representing you will be reinvested into housing for Veterans in the Reno metropolitan area. To find out more about our services contact us today by following this link: