A beautifully smooth and shiny wood floor is one of life’s little delights and if you haven’t been able to experience that joy with your wood floor lately due to scratches, dents and stains, take heart. With some sanding and refinishing, you can stop cringing each time you walk through your home and be happy to have visitors see your floor instead of hiding it with rugs.Sanding and Refinishing Wood Floors

Wood floors that are able to be sanded and refinished include hardwood (solid planks of wood such as oak, maple, walnut, beech and cherry), engineered wood (plywood core planks with a thin layer of hardwood on top), floor boards (soft wood like pine) and patterned wood (like herringbone parquet and finger block mosaic). The methods used to refinish the floor depends on the direction of…

533 Views, 0 Comments

Investment Properties

Are investment properties worth it?Are Investment Properties on Marco Island Worth it?

There’s a big difference between owning your own home to live in and owning an investment property. An investment property is a real estate asset you use only for investment purposes. You must occupy a property for at least 14 days or 10% of all the days the property is rented to call it a residence. If you occupy it less, you’ll need to claim it as an investment property on your tax returns, according to the IRS.

An investment property is also not a fix and flip, which is when you buy a property, renovate it, and hope to sell it for a premium. These projects can be profitable. You hold them for a shorter time than you would an investment property. An investment property is held with the…

330 Views, 0 Comments

Can a home seller back out of a contract to sell their property? The short answer is yes – under certain circumstances. In fact, it’s not uncommon for homeowners to get cold feet and want out of a real estate contract.When Can A Seller Back Out Of A Contract

However, the choice to back out of a purchase agreement may come with added expense and potential legal consequences. Sellers who want out of an existing real estate contract are advised to do their homework up-front and recognize that time is of the essence if they wish to save on steep legal fees.

For example, some property owners may wish to backtrack for sentimental reasons. Others may sign a real estate contract only to determine in short order that deal terms and deadlines don’t seem as attractive as they’d initially thought…

555 Views, 0 Comments