All Forum Posts by: Kristin Kiddy

Talk to your real estate attorney.  You will need a carefully worded contract and only an attorney has the experience to write up a contract that is air tight and defendable in court.

You know your house better than anyone else, which can be a great asset IF you can separate yourself emotionally from it now.  Go online, use Zillow, Redfin, etc. and take a look at all the houses that have sold in the last 6 months in your neighborhood.  Pay close attention to the ones that have photos.  Look at those photos and compare your house to them.  What did those houses sell for?  What was the price per square foot cost?  How would that price affect the "sale price" of your house? Add money if your house looks better, take off money if your house looks worse.  Try to look at houses that are a similar size and number of bedrooms.  In other words, don't compare a 2/1 900 sq ft house to a 3/2 2000 sq ft house... it doesn't work.   

I know you are not a realtor but you can get a good REALISTIC idea of what your house could sell for from doing research and that will tell you if this Real Estate Agent is being truthful.

If you want to sell fast, you do need an agent! FSBO rarely pan out. You need the marketing, GOOD PHOTOS, and access to the MLS. Plus help with all the legal paperwork that comes with selling a house.

As far as doing work, No, you will probably not make back all the money on doing a full kitchen remodel, but if you have unfinished projects you DEFINITELY need to finish them.  Fresh paint, INCLUDING baseboards and trim! goes a really long way to freshen up a house.  You want to tour your house and look for anything that looks worn out, broken, dirty etc.  Because that will cause a potential buyer to take off dollars mentally.

One last thing, Make sure the agent you pick uses professional photos!  That will make or break a listing in today's social media market.  And to prepare your house for those photos, you need to clean and declutter like you've never done before!  Once you think you've decluttered, go back and remove at least 1/3 more stuff.  This is only temporary for the photographs.  You know how they say a photo adds 10 pounds?  Well it adds clutter to a "clean house" too.  

Good Luck!

It's on my calendar!

If your plan is to sell after 3-4 years, why not gift your daughter and her partner up to the max of non-disclosure and have her hold the money in a savings account.  If your wife is also gifting, you can transfer up to 60,000 a year before needing to disclose.  In 4 years that would be 240,000... 

I'm not a lawyer so take my opinion as it is.  The only way you could do this is if they properties were titled separately.  And it is one Homestead law.  It just has two different perks (the judgement protection and the tax savings).  And you're not actually safe from the judgement... you'll still have to pay if you ever voluntarily sell your home.

@Ken Mazak  So Sorry about missing!  My husband and I got wrapped up in a renovation project and we were working late all weekend.  We'll miss the next one due to travel, but I'll definitely prioritize the August meet up.

This may be a small detail amongst much bigger issues and decisions to be made, but re-using countertops is often a no go.  They don't always demo well, store well, or go back exactly the way you want.  there may be extra cost for re-cutting them to fit, or you may decide that they just don't "go" with the new design.

Hi everyone.  @Ken Mazak and I want to say we missed you at our first Daytona BP Meet Up.  We'll try again next month on Saturday, June 9 at Houligan's on International Speedway Blvd. Hope you can make it.

Heading over to the meet up now.  See you soon!

Reminder to all local investors, we will be meeting at Houligan's on International Speedway Blvd. 1725 W International Speedway Blvd, Daytona Beach, FL 32114 on Sunday, May 6 from 5 to 7 pm.  Hope to see you there!