Priced Right To Sell R.E.

Description

As more homeowners find themselves underwater -- owing more on their mortgage than their home is currently worth -- and unable to make the monthly mortgage payments, many are turning to short sales, which allow a homeowner to sell their home for less than owed on the mortgage. Short sales can be a win-win situation for all parties, because they enable home buyers to purchase properties in desirable neighborhoods and at favorable prices. MAKING SENSE OF THE STORY FOR MY READERS • Theoretically, short sales should be a win-win for the bank and the homeowner.

Let's face it, fees and commissions eat away at profit. That's why Ed minimizes his commission, providing high quality brokerage services at a discount. Value-conscious investors appreciate this; impressed with his performance, they refer him to their peers.

Double-check meal and entertainment deductions. Meal and entertainment costs are deductible up to 50 percent if they are ordinary (commonly done) and necessary to your business and are either directly related to the active conduct of your business or directly preceding or following a substantial business discussion on a subject associated with your business. Ordinary and necessary costs are those considered helpful and common practice in your industry.

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