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Teresa M DiPeso & The DiPeso Group Jersey Shore Real Estate Experts Blog

Tuesday, September 21, 2021   /   by Teresa Dipeso

How To Reduce Tax Expenditures During Your Home Sale

Are you selling your house? You'll need to pay taxes on the property, but with some additional knowledge, you might be able to avoid a huge tax bill in the future. The goal of selling your home, beyond ensuring that you can move quickly as possible, is to ensure you get the most money you can. However, because of this, the IRS will have dollar signs in their eyes and will also want a piece of that pie.
This is because capital gains on real estate are sometimes taxable, so it's important to understand how you can minimize or completely avoid paying tax on a property you’re about to sell. Here's how real estate capital gains taxes work so you can potentially save some of your hard-earned money:
How Capital Gains Taxes Work
Capital gains taxes are a tax on the money you have made from an investment. When capital assets such as a home or other real estate are sold, your gains become realized. Whenever you sell, it becomes taxable income.
Capital gains are assessed on ho ...

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Monday, September 20, 2021   /   by Teresa Dipeso

How Long Does a Home Seller Have To Respond To An Offer?

When you make an offer on a house, you might be wondering: How long does it take a home seller to respond to your offer?

There’s nothing worse than sitting around waiting—especially when you’re waiting for someone to respond to your offer on the biggest financial decision of your life. Yeesh, it’s excruciating.

Unfortunately, waiting comes with the territory when you’re buying a house. But how long you have to wait is the bigger question. While there’s no official rule on how long a seller can take to get back to you, there is an industry standard that most real estate agents and sellers tend to follow.

Whether you just made an offer on a property or plan to in the near future, here’s everything you need to know about how long it might take to hear back from the seller.
How long can a seller take to respond to an offer?
In theory, sellers can take as long as they want before responding. But in practice? Most sellers (or the ...

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Tuesday, September 14, 2021   /   by Teresa Dipeso

Is It Time For A New Roof? When You Need To Repair or Replace Exterior Elements Of Your Home

If you want to keep your home in tip-top shape (and avoid expensive problems down the road), you need to stay on top of home maintenance—and that includes your home’s exterior.
But what, exactly, on your home’s exterior needs maintenance, repair, or full-on replacement—and, just as importantly, when?

Gutters. Gutters need regular maintenance to function properly and keep water runoff from causing damage. Plan to clean your gutters at least twice per year and, if they’re made from aluminum or galvanized steel (the most common gutter material), replace them after 20 years.


Windows. Windows generally have a life-span of about two decades—but if you notice any damage to the glass or frame (for example, cracks in the glass or mold on the frame), you’ll want to replace them sooner.


Roof. Depending on your roofing materials, your roof should last anywhere between 15 to 30 years (for standard asphalt shingles) or 50 to 75 y ...

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Tuesday, September 14, 2021   /   by Teresa Dipeso

The Insanely Simple Secret to a Well-Designed House

Designing a home isn’t easy, and many homeowners make the rookie mistake of obsessing almost exclusively about color—for the walls, rugs, furnishings, and more. The result is often too much color, and not much style.

So if you want to shake things up visually without color, what should you do? Here’s the secret professional designers swear by: texture, the unsung hero of home decor.
“Texture is actually one of the things that most DIY decorators don’t incorporate,” says Joe Human, a New York City designer. “But texture can add so much personality to a space.”

“Texture plays an important role in the completeness of a space and sense of home,” adds Leonard Ang, an interior designer and writer for Interior Charm, a home design blog. “Colors provide emotion and ‘the feels’ of a room, but texture plays a role in giving weight, focus, and accent to a place.”

So if you f ...

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Sunday, September 5, 2021   /   by Teresa Dipeso

Rent vs Owning a Home

Finding a home to rent can be very challenging and expensive in today's market. Purchasing a home can offer many benefits including saving you money in the long run, providing stability, help build credit, avoiding rent increases, building equity, investing in your future.
Renting or owning, you are paying someone's mortgage. Call us today and see how we can help you purchase the home of your dreams! 

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Teresa M DiPeso & The DiPeso Group Jersey Shore Real Estate Experts
Teresa M. DiPeso
Long & Foster
Avalon/Stone Harbor/Cape May/Sea Isle/Wildwoods, NJ 08202
609-780-1434

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the South Jersey Shore Regional MLS. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
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