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Kansas City Real Estate Blog

How Do Property Taxes Work?Property taxes are designed to provide finances to the community the Leavenworth homeowner lives in. Schools, parks, and other shared spaces get the care and attention they deserve when the organizations have the full support of those who live in the neighborhood. But while property owners interests may be aligned with the end goals of property taxes, the fees are a significant enough expense that homeowners need to be prepared. Find out more about how property taxes are calculated, and how homeowners can plan ahead for them both now and in the future.

For informational purposes only. Always consult with a certified tax expert before proceeding with any real estate transaction.

Who Decides the Cost of Property Taxes?

While property taxes may

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Downsize a HomeSome find that it is no longer practical to own and maintain a larger Kearney home. There are many resources available for those looking to downsize. Understand how to start scaling down to live with less stress and expense today.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

How Much Time Do You Have?

Downsizing can be a more abrupt transition for those who must move quickly due to a job relocation or who have just closed on a smaller home. It helps to focus on a single room at a time when deciding what to toss, donate or keep. Those who do not need to move quickly can take their time with the process and may be able to find new homes for beloved

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What You Need to Know About Taxes and Mortgages For Your Vacation HomeThe majority of people who decide to purchase a vacation home are not aware that buying vacation property is different from buying a primary residence. Mortgage considerations and tax implications are different for vacation properties. Knowing the differences between these two types of purchases can help home buyers make good investment decisions. If you're thinking about buying a vacation home, here's what you need to know.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Taxes

Taxes can get complicated for homeowners with second homes or vacation properties. Federal, state, and local laws all come into play for homeowners with a second property.

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How To Sell a Fixer-Upper FasterFor homeowners, selling a home can seem scary. There’s a lot of preparations that need to be done in order to make it appealing to buyers, and that means a lot of fixing and updating and making sure the furniture is arranged just so. But for many homeowners, it isn’t possible to fix up a home and make it perfect before selling. They may not have the time or the money, so they choose to sell the home as a fixer-upper and market to buyers who love DIY challenges. However, selling a fixer-upper isn’t quite as simple as writing “fixer-upper” on the sign and leaving it at that, so here are some strategies homeowners can use to help their fixer-upper home sell.

For informational purposes only. Always consult with a licensed real estate professional before

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Foundation Damage Repairs and ReplacementHow bad of a problem is foundation damage in a home? Homeowners may live for years with some types of foundation damage, but find that for others, they need to decide whether it is worth repairing or replacing the foundation. Serious foundation damage often requires repair by a professional and is not ususually a DIY project. Such a project may affect the structure's integrity and home value. Understand more about foundation damage and what may need to be done about it today.

How Much Should Homeowners Worry?

First off, all cracks are not the same. While the appearance of cracks in a home may be due to natural settling, other cracks may be a result of a more significant issue. Look at the type of cracks that may be forming in order to get an

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Repair or Replace a RoofUnfortunately, a homes roof will eventually need to be repaired or replaced. There are many types of roofing materials and all are subject to changing weather conditions and susceptible to roof damage. Homeowners living in areas with high winds, flying debris and extreme weather conditions may find that repairs are needed outside of routine maintenance. When homeowners notice more than a few missing shingles on a roof, they may need a thorough inspection.

Homeowners need to be proactive. Taking steps to repair a roof and prevent damage to internal structures can help maintain the value of a home. Learn more about repairing and replacing a roof.

Know the Lifetime of Roofing Materials

A Kearney homeowner would do well to learn when the roof was

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Taxation on the Sale of a Vacation HomeThere may come a time when a homeowner chooses to sell their vacation home. A desire to downsize, move or purchase another type of property can make such a sale attractive. With any sale of property, tax obligations to the IRS will need to be considered.

The sale of a vacation home can differ from that of selling a primary home and tax regulations are often subject to change. Contacting a trusted tax accountant prior to listing a vacation home for sale can help navigate any potential issues. Learn more about some of the taxation concerns that may potentially burden a seller.

For informational purposes only. Always consult with a certified tax expert before proceeding with any real estate transaction.

Capital Gains Tax on a Vacation Home

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The Danger of Making a FSBO Home SaleFor sale by owner (FSBO) home sales may seem like a great way to sell a home without paying a real estate professional. However, the process of doing so is rather complex, time-consuming and it takes a good eye for detail to succeed. Unfortunately, many homeowners go into this process somewhat too eagerly and ill prepared. Here are some potential dangers of a FSBO home sale.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Paperwork Errors

Attention to detail is highly important in a for sale by owner situation. The home selling process requires dozens of documents to be accurately completed and submitted to the appropriate parties, often under

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Prepared to Buy a Home?Plenty of people still choose to own a home with many interested in becoming first-time homeowners. Before looking at available homes in a desired area, some may be want to know more about a few of the obligations and financial considerations that come with homeownership. Explore some changes and challenges that occur to those taking the plunge from renting to owning a home.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Home Maintenance and Expense

Renters often fail to realize that their rent covers many expenses that a homeowner will need to pay out-of-pocket. Many routine maintenance tasks like AC repair, other repairs and home renovations are

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The 4 Basic Steps of Selling a HomeWhen it’s time to sell a home, homeowners can easily become overwhelmed thinking about all the different steps and processes it’s going to take. From picking a price to preparing for showings, there’s a lot of things homeowners need to juggle in order to stay on top of it. Here are the basic steps of selling a home that ever homeowner needs to know so they can get an idea of what they can expect when they want to put their home up on the market.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Step 1:  Hire a Real Estate Agent

Some people think hiring an agent is optional, but for homeowners who want the best experience while selling and want to

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