After you accept an offer on a home, you likely will only have a few weeks to pack up your belongings and vacate the premises. As such, there are many questions that home sellers need to consider at this point, including:

1. Where am I going to live?

If you haven’t figured out where you’re going to live after your home closing, there is no need to panic. Consider all of your potential living options now, and you can plan accordingly.

Oftentimes, friends and family members may be willing to provide you with a temporary place to live. These loved ones may enable you to stay in their houses until you buy a new residence. Or, in some instances, you may be able to permanently move in with friends and family members.

On the other hand, if you enjoy being a homeowner, you may want to kick off a home search right away. This will enable you to find a new place to live in the city or town of your choice. Also, if you work quickly, you may be able to finalize your home purchase around the same time that you sell your current house.

2. What is the homebuyer’s next step?

In most cases, a homebuyer will have a set amount of time to schedule a home inspection after you accept his or her offer. Once the home inspection is complete, the buyer will receive a report that provides insights into the condition of your house.

For home sellers, a home inspection can be stressful. If a property inspector discovers problems with a residence, a buyer may choose to walk away from a home purchase or ask a seller to complete various home renovations.

When it comes to selling a house, it pays to be honest. If you provide honest responses to a homebuyer’s questions about your residence, you can help the buyer make an informed purchase decision. Plus, with this approach, you can minimize the risk that a home inspection may lead a buyer to rescind his or her offer.

3. What will I need to do to finalize the home sale?

The time between accepting a home offer and reaching the closing date may seem endless. However, a patient home seller will be able to stay calm, cool and collected, even if challenges arise along the way.

As a home seller, you should try to do everything you can to reach the finish line of a property sale. If you maintain consistent communication with a real estate agent, you can seamlessly navigate all stages of the home selling cycle.

A real estate agent works on a home seller’s behalf and will do everything possible to minimize potential pitfalls. Thus, this housing market professional is happy to respond to a home seller’s questions to ensure this individual is fully supported in the weeks and days leading up to a home closing.

Collaborate with a real estate agent, and you can receive plenty of support throughout the home selling journey.

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Date: 11/29/2020 Time: 12:00 PM to 2:00 PM  
For Directions: feel free to contact me.  
For more information: click here for the full details  

This iconic historic Greek Revival home in the heart of downtown Hopkinton is a rare opportunity for those with a sense of style and history. The Bucklin/Davenport home has all the detail of a past level of craftsmanship combined w/ strategic updates that show a consistent level of stewardship and care. The first floor features two large living rooms, each with their own decorative FP plus a beautiful oak Dining Room w/ hand crafted panels, cabinets, & stained glass window. A later addition features a central updated kitchen expansion w/ granite counters, stainless appliances & lovely bay window eating area and adjacent sun-filled first floor office. The second floor has 4 inn-like BR’s with FP’s and great sunlight. Both full baths are in very good condition. Three rustic, heated rooms on the 3rd floor. Walkup 4th floor attic. With newer windows, roof, inground pool, cabana, and shed this home reflects many years of pride of ownership. Minutes to shops, schools, MBTA train, & highway.

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Photo by RawPixel via Pixabay

The sky’s the limit for cloud-based documents and files. Remote working is on the rise. The ranks of independent entrepreneurs are growing. For many, home is a place to live and work.

Here are three elements to consider for your work-from-home space.

1. Choose Your Workspace

Pick a bright spot. Daylight inspires!

Will you be having clients drop in? Aim to choose a spot near an entrance way, apart from your intimate living spaces.

For tax purposes, this spot can be a dedicated room, or a section of a room—as long as there’s a clear division between your working and living space. Other storage areas in the home, or partitioned-off space that’s fully dedicated to keeping business items, is also square footage to count in the deduction.

Take pictures each year that clearly show the partitions and the business use of the space. Keep your photos with your tax documents.

2. Furnish the Space

Decorate mainly as you would if your work space were in a corporate building. Keep your desk, professional items, and office-appropriate décor in the space. Don’t have a playpen (unless your business is daycare) or a dining table in your designated office space.

Bookcases, wall hangings, mirrors, and framed art all look good, and dampen noise from outside your work space. Succulents or crocus bulbs can make excellent office plants and uplift the mood of your work area.

Protect your health while working at home by using an adjustable (sit-stand) desk. Does that sound too industrial for the look you demand at home? Never fear. Gorgeous, adjustable desks that complement your existing furniture do exist on the market. With a little searching, you’ll find yours.

3. Declare Your Tax Deduction

Calculate your home office percentage. If your home amounts to 2,000 square feet and your office space covers 500, declare 25% as the percentage. The deduction may not exceed your year’s net business profit. 

For smaller home office spaces, the IRS has a simplified standard deduction. Take $5 per square foot, up to 300 square feet.

Speak with your tax pro about deducting a home business percentage from your homeowner’s insurance, mortgage interest, utilities, and property taxes. Read the instructions, so you know how to plan your tax return.

Putting It All Together

For a tax deduction, your home office must serve as the core of your business affairs, or the place you do the bulk of your work. Whether you already have a home office, or are thinking of creating one, design your space so it fits the IRS tax deduction requirements—even while it uplifts your home, delights your senses, and inspires your best work. 

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Open house by appointment only Saturday October 24 from 10-2. Welcome to the Preserve at Hopkinton. A gated townhouse community of 40 homes across the street from Hopkinton State Park and close to the Southborough MBTA Station. Enjoy four seasons of activity in the park from swimming, fishing and canoe and kayak rentals to snow shoeing, cross country ski and hiking. This middle units main level has a two story foyer, half bath and an open concept living room dining room kitchen area which is great for entertaining. Kitchen has white cabinets, granite counters and stainless steel appliances. The second floor has two large bedrooms each with their own bath, waiting for you to add your person touches. The finished lower level is perfect for an additional family room, home office or remote learning space for the kids. Basement has new carpeting.

This is a Townhouse style home and features 5 total rooms, 2 full baths, 1 half bath, 2 bedrooms, and is currently available for $409,900.

For complete details click here.

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