3 Tips for Kitchen Remodeling

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Copyright 2012 NATIONAL ASSOCIATION OF REALTORS®

National Open House Weekend!

National Open House Weekend-This Weekend!

Sponsored by the National Association of REALTORS® homes across America will be Open this Weekend!  For a complete searchable list of ALL Open Houses scheduled for this weekend in Central New York visit: www.excelrealtorsny.com  you can also search the Central New York MLS.  No registration required.  You can also text EXCEL to 32323.  Have a Great Weekend!

Can’t Sell It? – Check into Renting It!

In a buyers market more and more central new yorkers consider renting out their homes

There are many reasons to consider renting your CNY Home here are a couple:

  • You are upside down oweing more than you can sell your home for.
  • Your home is an investment and the offers coming in are below what you have invested and are willing to settle for.  You want to wait out the current market and gain some appreciation.
  • Your relocation is temporary and you don’t want to dump your investment when you maybe returning to Central New York.

There are also tax benefits to renting a property.  In addition to a steady stream of rental payments, owners are still permitted to deduct mortgage interest, property taxes, and any other expenses that result from operating and maintaining the property, including property management fees.  Net losses may also be deducted from the homeowners gross income, usually up to $25,000.  Check with your tax and or legal advisor to see if you qualify.  

Excel, REALTORS®  offers full service property management including full credit and background screening of prospective tenants, rent collection (with direct deposit), and maintaining a “watchful” eye on your investment.  Contact Excel, REALTORS® at (315) 458-8121 or www.excelrealtorsny.com.