Airbnb has become increasingly popular in Massachusetts in recent years, and now the popular short-term rental platform is offering homeowners a chance to capitalize on the trend by selling their homes through Airbnb.
For those who are interested in selling their home through Airbnb, there are a few things to consider. First, Airbnb requires a valid Massachusetts real estate license to list a property for sale. This license can be obtained from the Massachusetts Real Estate Commission.
Once the license is obtained, homeowners can list their property on Airbnb’s website. Homeowners should include detailed descriptions of the property, including pictures, amenities, and pricing. Homeowners should also provide potential buyers with an estimate of the cost of closing costs, taxes, and other fees associated with the sale.
In addition to listing the property, homeowners should consider taking steps to ensure their property is ready for sale. This may include making any necessary repairs or renovations, as well as staging the home for potential buyers. Homeowners should also make sure their property is properly insured and up to code.
Those interested in selling their Massachusetts home through Airbnb should also be aware of the state’s tax laws. Massachusetts requires homeowners to pay a 6.25% tax on any rental income generated from a property listed on Airbnb. Additionally, homeowners must register their property with the state and pay taxes on any rental income generated from the property.
Finally, it is important for homeowners to remember that the sale of a home through Airbnb is not the same as selling a home through a traditional real estate agent. Homeowners should research the process of selling a home through Airbnb thoroughly before committing to the process.
Airbnb offers homeowners in Massachusetts an opportunity to capitalize on the trend of short-term rentals. However, homeowners should make sure they are familiar with the process and the associated costs before selling their home through Airbnb.Airbnb For Sale Massachusetts