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How to write a great real estate listing
Writing a compelling real estate listing is crucial for attracting potential buyers and ensuring a successful sale. In this guide, we will walk you through the essential steps and strategies to create an exceptional real estate listing that captures attention, generates interest, and ultimately leads to a successful transaction.
Benefits of Writing a Great Real Estate Listing:
Attracting Prospective Buyers:
- A well-written listing grabs the attention of potential buyers, making them more likely to consider your property.
- By highlighting the unique features and benefits of your property, you can pique the interest of a wider audience.
Increasing Property Visibility:
- An effective listing improves your property's visibility in online search results, ensuring it reaches a larger pool of potential buyers.
- Increased exposure leads to more inquiries and showings, which can ultimately expedite the sale process.
Setting Accurate Expectations:
- A great listing provides potential buyers with detailed and accurate information about your property, minimizing misunderstandings and saving time for both parties.
- By showcasing the property's key features and addressing common questions, you can attract serious buyers who are genuinely interested in your property.
Enhancing Perceived Value
How do you write a good listing?
7 Tips for Writing a Great Listing Description
- Don't bury the lede.
- Be accurate and succinct.
- Highlight unique features and think local.
- Avoid words that could give the wrong impression.
- Read through the competition and find inspiration from the best listings.
- Proofread (and don't be afraid to ask for a second set of eyes)
How do I make my real estate listing stand out?
9 Proven Ways to Make Your Listing Stand Out
- Hire a pro (or two!) Real estate agents exist for a reason: they know best how to market your property.
- Stage it.
- Create a shot list.
- Be honest.
- Keep it simple (and clean)
- Go 3-D.
- Take a sunset stroll.
- Know that there's no such thing as too many photos.
What is the tax on real estate commission
May 6, 2019 — 100 percent of the tax they paid the previous year or 110% if they're a high-income taxpayer. High-income taxpayers, those
How long is the real estate market going to last
8 days ago — Home prices are just now beginning to slowly decline. Here's where economists predict the housing market will head in 2023.
Let's talk buying vs. renting a home for a minute.
— Thomas Frank (@TomFrankly) July 16, 2023
I see a lot of people fly into blind rage when @ramit suggests buying a home might not always be the best decision.
I even see personal finance creators getting mad about this.
For the record, I've purchased two homes. Sold…
What is meant by gross proceeds?
Gross proceeds are the amount that a seller receives from the sale of an asset. These proceeds include all costs and expenses. Gross proceeds are often not the taxable amount from the sale.
Frequently Asked Questions
How to calculate profit margin?
To determine the gross profit margin, we need to divide the gross profit by the total revenue for the year and then multiply by 100. To determine the net profit margin, we need to divide the net income (or net profit) by the total revenue for the year and then multiply by 100.
Will US house prices go down in 2024?
Housing Market Predictions 2024
The year 2024 is expected to bring more stability to the housing market after a few years of uncertainty. With mortgage rates declining faster than expected, home prices are likely to remain mostly flat throughout 2024.
How do you write a good MLS listing description?
How to Write a Property Description
- An attention-grabbing headline.
- A concise opening statement.
- A cleverly crafted narrative that describes the home's best features.
- A list of any special promotions.
- An enticing call to action.
What is a good property description?
Be honest about what you're selling, focus on the sellable qualities of the home and don't embellish on the less desirable parts of it. Double-check your grammar and spelling: Once you're done writing the listing description, read and re-read your work. Read the listing out loud and to another person, even.
How does a salesperson pay taxes on commissions earned?
An individual who receives commissions can be treated in the same manner as an individual who receives a straight salary. In that case, the employer would withhold taxes from the individual's compensation and remit the amount to the tax authorities on the individual's behalf.
How much do realtors make in California?
As of Oct 20, 2023, the average annual pay for a Real Estate Agent in California is $90,804 a year. Just in case you need a simple salary calculator, that works out to be approximately $43.66 an hour. This is the equivalent of $1,746/week or $7,567/month.
Are commission splits tax deductible?
You can deduct the split you pay to your Broker only if the 1099-MISC you receive at the end of the year includes the full amount of the commission (yours plus the Broker's).
What tax percentage do I pay on commission?
Using the flat percentage method, a flat supplemental tax rate of 22% is applied to commissions and other supplemental wages earned that are under $1 million within a calendar year.
How do you write a good house listing description?
We're here with eight tips for you to write a real estate listing description that sells.
- Describe the property accurately.
- Choose adjectives wisely.
- Avoid red flag words.
- Include words that add value.
- Highlight unique features.
- Take notice of punctuation.
- Leave out super basic info.
- Use great photos.
What is an example of a property description?
For example: “Gorgeous drive up gives way to a stunning, updated 4 bedroom, 2.5 bath located in Northlake Elementary attendance area in the heart of Lake Highlands.” For the right buyer, this opening sentence is a winner — it speaks to the property's desirable school district, roomy interior, and prime location.
How do you write a real estate listing presentation?
The Ultimate 11-Step Guide to Real Estate Listing Presentations...
- Introduce yourself.
- Go over the local housing market data.
- Explain the home selling process.
- Explain how to prepare a home to go on the market.
- Outline your pricing strategy.
- Walk through your marketing plan.
- Advertise the listing.
How do you write a luxury home description?
Try to pack in as many details as possible while still remaining coherent. Including the area of town, the number of rooms, nearby local spots and any recent updates or modifications that add value in the first sentence is often enough to get readers to continue reading.
What is the description of a typical house?
Most conventional modern houses in Western cultures will contain one or more bedrooms and bathrooms, a kitchen or cooking area, and a living room. A house may have a separate dining room, or the eating area may be integrated into another room. Some large houses in North America have a recreation room.
FAQ
- How do you write a good real estate description?
- How To Write A Property Description
- Provide A Straightforward Introduction. Don't waste time or prime space with a lengthy introduction that doesn't provide any information.
- Highlight Key Home Features. What makes this property special?
- List Any Promotions.
- Write A Captivating Call To Action.
- What are the three most important words in real estate?
- To achieve those goals, the three most important words in real estate are not Location, Location, Location, but Price, Condition, Availability.
- What are 3 good things about real estate?
- The benefits of investing in real estate include passive income, stable cash flow, tax advantages, diversification, and leverage. Real estate investment trusts (REITs) offer a way to invest in real estate without having to own, operate, or finance properties.
- How much is federal taxes?
- The federal income tax rates remain unchanged for the 2023 tax year at 10%, 12%, 22%, 24%, 32%, 35% and 37%. The income thresholds for each bracket, though, are adjusted slightly every year for inflation.
- Is commission taxed at a higher rate?
- For independent contractors, commission income isn't taxed differently than your regular income. Your total earned income—including commission income—is subject to a 15.3% self-employment tax. This includes a 2.9% tax for Medicare and a 13.4% tax for Social Security.
- Will 2023 be a good time to buy a house?
- Mortgages are still going to be a “wild card” for buyers going into this fall, according to Realtor.com's Hale, but as far as 2023 is concerned, it looks like early October is going to be as good as it gets in terms of prices, inventory and competition. Find out how much house you can borrow before you start looking.
- Will 2024 be a good time to buy a house?
- Predictions for the 2024 real estate market Despite anticipation for a more stable housing market, affordability remains a concern. Mortgage rates—while possibly cooling off—are also projected to stay elevated in 2024, which could be challenging for some Americans, especially first-time homebuyers.
- Should I buy a house now or wait for recession?
- And as you might imagine, recessions are a risky time to buy a home. If you lose your job, for example, a lender will be much less likely to approve your loan application. Even if the recession doesn't affect you directly, if your area is hard-hit, that could have a serious effect on the local real estate market.
- Are home prices dropping in MN?
- Minnesota housing market overview But despite this decline in overall activity, housing prices are still rising across the state. With that said, there are big differences within the local housing markets around Minnesota, according to July 2023 data from Minnesota Realtors.
- Will 2023 or 2024 be a good time to buy a house?
- Zillow has a similar forecast, as it expects home values to rise by 6.5% from July 2023 through July 2024, despite “despite persistent affordability challenges.” Likewise, Freddie Mac is forecasting prices rising by 0.8% between August 2023 and August 2024, followed by another 0.9% gain in the following 12 months.
- How do you write a remark for a house?
- Write down what's amazing about your home.
- Get inspired by other stand-out listings.
- Craft an attention-grabbing headline.
- Hook buyers with a compelling opening statement.
- Include accurate but fresh adjectives.
- Arrange the selling points in a logical order.
- Avoid fair housing violations.
- How do you present a real estate property?
- 6 Step Guide for Giving the Ultimate Real Estate Listing Presentation
- The Goal of the Presentation.
- Plan to succeed.
- Ask the right questions and listen carefully to the answers.
- Position yourself as the local expert.
- Highlight your marketing plan for the client's home.
- Showcase why you're the right agent for the job.
- How do you write a luxury home listing?
- Here are seven tips to help you craft the best possible luxury real estate descriptions for your high-end listings.
- Frame the story carefully.
- Choose a strategic title for luxury real estate descriptions.
- Hook the reader with your introduction.
- Pay attention to word choice.
- Use photos as a guide.
What percentage of taxes do real estate agents pay
| What is the most common form of property description? | Fractional Designation: The most common form seen. A fractional designation uses rectangular surveying to correctly describe the land in sections. Metes and Bounds: This form of description uses references, such as streets and rivers to identify each point of the property (north, south, east, and west). |
| What are the tax rates for 2023? | There are seven federal income tax rates in 2023: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Taxable income and filing status determine which tax brackets and rates apply to you. The 2023 tax brackets, as well as the tax brackets for 2022 and previous years, can be found on this page. |
| Are commissions taxed at a higher rate? | For independent contractors, commission income isn't taxed differently than your regular income. Your total earned income—including commission income—is subject to a 15.3% self-employment tax. This includes a 2.9% tax for Medicare and a 13.4% tax for Social Security. |
| What do you do with profits when selling a house? | What to do with home sale proceeds
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| How do you maximize profit when selling a house? | 7 Tips to Increase Your Profits When Selling Your House
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| When you sell a house for more than you paid for it the profit is called? | A capital gain is the increase in a capital asset's value and is realized when the asset is sold. Capital gains apply to any type of asset, including investments and those purchased for personal use. The gain may be short-term (one year or less) or long-term (more than one year) and must be claimed on income taxes. |
| How long does it take to get profits from selling a house? | Most sellers can expect funds to reach their bank account within a few days of closing, but how quickly you get paid depends on the property's location and how funds are transferred. When you're ready to sell, your real estate agent can go over the process with you in greater detail. |
| Are you taxed on profit from selling a house? | In California, capital gains from the sale of a house are taxed by both the state and federal governments. The state tax rate varies from 1% to 13.3% based on your tax bracket. The federal tax rate depends on whether the gains are short-term (taxed as ordinary income) or long-term (based on the tax bracket). |
| How much profit do you make from selling a house? | After selling your home, you must pay any outstanding mortgage, agent commissions, and closing fees. You keep the remaining money after settling these costs. After all the deductions, you have 60 to 85 percent of the house's total sale. |
| How do you calculate profit percentage on a house? | Example: You purchased a home for $65,000 and subsequently sold it for $100,000. Gross profit is $100,000 - $65,000 = $35,000. 4. To calculate percent of Gross Profit: Divide the amount of gross profit by the original value (purchase price). |
| How to calculate closing costs? | You can generally expect the total to be between 1 and 5% of the price you are paying to buy your home. Payment for closing costs can sometimes be financed with your loan, in which case it will be subject to interest charges. Alternatively, you can pay your closing costs in cash, similar to your down payment. |
| What does estimated net proceeds mean on Zillow? | Simply put, your net proceeds are your home sale price minus the mortgage payoff amount, home sale prep costs and closing costs. According to a Zillow and Thumbtack analysis, the average U.S. homeowner spends $20,871 in extra or 'hidden' costs related to selling a home. |
| What is the 70% rule in house flipping? | Basically, the rule says real estate investors should pay no more than 70% of a property's after-repair value (ARV) minus the cost of the repairs necessary to renovate the home. The ARV of a property is the amount a home could sell for after flippers renovate it. |
- How do I calculate my profit from selling my house?
- The simplest way to calculate net proceeds is to deduct all of the seller's closing costs, expenses and the mortgage balance from the final sale price of the home.
- Is profit from selling a house earned income?
- You are required to include any gains that result from the sale of your home in your taxable income. But if the gain is from your primary home, you may exclude up to $250,000 from your income if you're a single filer or up to $500,000 if you're a married filing jointly provided you meet certain requirements.
- What are the 4 P's of real estate?
- The 4 Ps of Real Estate Marketing
- Product. As a realtor, your product isn't just real estate — it's the unique characteristics of the real estate that will appeal to buyers.
- Promotion.
- Price.
- Place.
- The 4 Ps of Real Estate Marketing
- How do you write a good description for a real estate listing?
- 15 Tips to Help Agents Craft MLS Listing Masterpieces
- Long Essays Lose the Reader.
- Play to the Local Draw.
- Think Outside the House.
- Use Key Phrases.
- Avoid These Phrases.
- Add Detail and Deadlines for Quick Sales.
- Spin the Negative Into Positive.
- Avoid Abbreviating Terms.
- 15 Tips to Help Agents Craft MLS Listing Masterpieces
- What is real estate description?
- Real estate is a form of real property, meaning that it is something you own that is attached to a piece of land. It can be used for residential, commercial or industrial purposes, and typically includes any resources on the land such as water or minerals.
- How do you write a short bio for a real estate agent?
- How To Write a Bio as a New Real Estate Agent – 7 Tips
- Stand Out.
- Highlight Your Office and Other Experience.
- Include Your Values.
- Make a Short Bio First, Then A Long Form.
- Consider a Video Bio.
- Keep Your Bio Up to Date.
- Go for Done, Not Perfect.
- How To Write a Bio as a New Real Estate Agent – 7 Tips
- How much profit to expect from home sale?
- After selling your home, you must pay any outstanding mortgage, agent commissions, and closing fees. You keep the remaining money after settling these costs. After all the deductions, you have 60 to 85 percent of the house's total sale.
- What is the formula for the seller's net?
- The seller's net sheet is calculated by taking the home sale price or an offer and then subtracting any encumbrances on the property (outstanding mortgage being the most common), closing costs and miscellaneous fees.
- What is a good profit margin for a sale?
- As a rule of thumb, 5% is a low margin, 10% is a healthy margin, and 20% is a high margin. But a one-size-fits-all approach isn't the best way to set goals for your business profitability.
- How to write up a real estate listing
- Oct 26, 2019 — Keys to writing a great listing description · Format your description · Use creative words to highlight your home's best features · Avoid words
- How do you calculate profit from sale of a house?
- You calculate your net proceeds by subtracting the costs of selling your home and your remaining mortgage balance from the sale price. For example, if your sale price is $1,000,000, your remaining mortgage balance is $350,000, and the total closing costs are $60,000, then your net proceeds would be $590,000.
- What is the profit on the sale of property?
- Capital gains can be loosely termed as the profit generated from the sale of any investment or property. Depending on the holding period of these assets, capital gains are classified into two categories, namely – long term capital gains and short term capital gains.
