A home seller refuses to pay for any repairs and did not accept an inspection contingency on the offer. The buyer wonders if the seller can be made to pay or if the real estate agent can kick in some cash for the home repairs. The buyer must decide if he wants to buy the house as is if seller refuses to pay for home repairs.
A retired couple would like to pay cash for their new home. Ilyce is all for seniors reducing their daily living expenses, she suggests paying cash for the house and opening up a home equity line of credit. By paying cash for their new home and taking out a home equity line of credit, the home buyers will have cash available for a rainy day.
Is it better to refinance or take out a home equity loan for a home's major repairs? If you are late paying any bills, you may have trouble refinancing or taking out a home equity loan at a reasonable price. If your finances are out of control, it might be best to hold off on refinancing until they can be better managed.
How much work should you do on home improvement projects prior to putting your home onto the market? Making a few simple home improvement projects a priority before selling is a must. By doing basic things before selling, and making your home look as fresh and neutral as possible, you'll not only sell your home faster, but for a lot more money.
Before you start a major home improvement project or build an addition on your house, there are several things to investigate first, including zoning laws and neighborhood trends. For example, if the trend in your neighborhood is to tear down one-story homes and build up, then your home improvement project should be similar, and you must check whether your zoning laws allow you to build up. While you should check the trends in your neighborhood, the zoning laws are most important, because you don't want your home improvement project to cost more than it should.
A home buyer notices problems with his new home and suggests the seller didn't properly disclose them. A home inspection would uncover problems not disclosed by the seller. The seller disclosure form will show what the sellers identified as potential problems for the home buyer.
Home inspections by a professional home inspector can save you tons of money and aggravation. If you value peace of mind, it's the home inspectors who will give it to you. Every home buyer should have a home inspector inspect the new home at least once prior to closing.
Can home buyers rely on a home inspector and a real estate agent to help a home buyer? Real estate agents and home inspectors work for the seller usually and rely on referrals for business. Home inspectors try to balance the needs of the real estate agent selling the property on behalf of the home seller and the concerns of a prospective home buyer.
Home buyers who want a no down payment home loan must realize they will pay higher interest. Lenders charge a higher interest on no down payment home loans to protect themselves from late or non-payments. Research shows the smaller the down payment the more likely the home buyer will be late on the payments, which explains the higher interest on a no down payment home loan.
Having a home office may affect your tax obligations or deductions when you try to sell the home. When are you eligible for a deduction? Should you claim the home office, or should you take the tax exclusion for selling a personal use home? The IRS and your state's income tax laws may affect your taxes, depending on how you file and what you claim.
