Understanding how appraisals work will help you achieve a quick and profitable refinance or sale. When you refinance or sell your home, the lender involved will insist that an appraisal be performed. An appraisal is the process of valuing real property and is simply an opinion of the market value of your home based on […]
If you’re an active real estate investor, at some point you’ll likely come across a probate sale. Properties sold through probate can be a good deal, as they’re often priced lower than other comparable homes, however, there are risks and probate sales often take longer than traditional real estate transactions. As a result they aren’t popular […]
Inheriting a property can often come as a shock and may feel a bit overwhelming especially when this comes in the wake of a family tragedy or death. Being the executor of an estate can be especially challenging. The largest asset in an estate—and the most difficult to resolve—is typically the house. While the specific […]
A housing market defined by rapidly rising home prices, bidding wars, a lack of inventory, and sellers with the upper hand in negotiations may be changing. Lately, those who read economic tea leaves have been hinting that we may be heading toward a shift in the housing market. This makes sense, as surely national home […]
Once a primary tool for real-estate agents looking to sell a home, experts say the traditional open house has lost its influence in the Internet age. Nearly 96% of buyers search online for homes, while only half that number visit open houses, according to a 2017 report from the National Association of Realtors (NAR). And […]
A picture is worth a thousand words, and could be worth thousands of dollars when it comes to attracting the right buyers to your home. Let’s face it, buyers form their first impression of your home based on the online listing. As they say, web appeal is the new curb appeal and clicks equal closings. […]
With the right knowledge, information, and patience, you can completely avoid paying taxes on the gain from the sale of your home (or a rental property or vacation home) — stick the gain in your pocket and thumb your nose at Uncle Sam. How It Works Under current tax rules you are allowed to sell a […]
Setting the right price from the start is among the most important steps toward successfully selling your home. This requires taking an indepth look at what other similar houses are selling for to determine the market value of your home. Market Value Your house has many values to the tax assessor, your lender and insurance […]
Most home buyers and sellers work with a real estate agent, and the agent charges a commission. How much is the commission, and who pays it? The answer in both cases is: the terms are set in the listing contract the seller signs. Typically the buyer and the seller each have their own agent, and the […]
Congratulations! You’ve signed the contract and you’re ready to close on your new home! Knowing what costs are associated with the closing, what to bring, and what documents you should keep from your closing will help ease the process. We’ve provided this information for your convenience. Common Closing Costs for Home Buyers Once your lender […]
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