Position Realty Blog
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Keep up to date about Phoenix Arizona real estate news, home improvements, market trends, investment advice, and much more. Position Realty is a full-service, real estate brokerage company offering residential, commercial, land, and property management services that helps clients overcome real estate challenges by offering innovative solutions.
Position Realty Blog
6d ago
When you and your REALTOR® sit down to price your home, you'll be looking at competitive homes that are the most similar in size, location and amenities as your home. You may find that prices can be thousands of dollars higher or lower. It's tempting to pick the highest price and say, "Let's list it ..read more
Position Realty Blog
6d ago
A Comparable Market Analysis(CMA) can tell you what buyers recently paid for homes similar to yours, but that's not all you need to know to choose the right listing price. You need to know the market's appetite for your home, and that can only come from an overview of your community's current market conditions. Market ..read more
Position Realty Blog
2M ago
This might be a rather obscure term for the consumer but it’s important to know what it means and how it might affect getting your home loan. First, a title report is a report that shows the chain of ownership over the years. Each time the property changes hands, that change will appear on ..read more
Position Realty Blog
2M ago
When you put your house on the market, you obviously want it to sell as fast as possible. That’s not always what happens, though. In 2020, homes spent an average of 25 days on the market, which was down from 30 days. Compare that to 2010, when the average number of days to sell ..read more
Position Realty Blog
4M ago
When you're selling your home, you need every advantage you can get. And there are few homes that are magically market ready without a little help. If your home needs a touch more than a little help, it's time to get focused. After all, listing your home when it's not in the right condition ..read more
Position Realty Blog
5M ago
WHAT IS BONUS DEPRECIATION Bonus depreciation is a tax incentive that allows commercial real estate investors to accelerate the depreciation of certain property assets, thereby reducing their taxable income and ultimately saving on taxes. Enacted as part of the Tax Cuts and Jobs Act of 2017, this provision has been a gamechanger for real ..read more
Position Realty Blog
5M ago
As you may know, real estate taxation is mostly governed around court cases and a mish mash of revenue rulings, regulations, and other common/best practices. However, one area of tax law is actually statutory (an actual law passed by Congress). Among these tax laws, the "Real Estate Professional" (REP) exception under IRC 469(c)(7) stands ..read more
Position Realty Blog
8M ago
Getting a mortgage can be more challenging when you're self-employed, but it’s not impossible. For W-2 employees, getting a mortgage can mean showing your tax records from your employer to verify your income. For approving someone who is self-employed, lenders may be concerned that your income isn’t steady enough to make your monthly payments ..read more
Position Realty Blog
8M ago
Most loan programs today require some sort of a down payment. Even as low as 3% of the sales price while there are a couple of programs that don’t require a down payment of any sort. Those being the VA home loan program and the USDA program designed for rural areas. VA loans are ..read more
Position Realty Blog
8M ago
If you’re selling a home, what you make could be taxable. Depending on your property's value and other factors, you might be hit with a big tax bill that you weren’t expecting. Capital gains on real estate can be taxed, but there are things you can do to reduce or avoid what you owe ..read more