What should you do when you buy a home at the height of a real estate bubble? Should you try to rent out your other property or sell it? And what effect does not having a spouse's name on a title have on the capital gains tax you pay upon sale? Is it a good idea to take the money you receive as income from your rental property and use it toward the mortgage for your primary residence?
When you're a first time home buyer it may be difficult to figure out how much to offer on a home. To determine how much to offer you should look at the neighborhood you're interested in, what other homes are selling for in that neighborhood and what the tax assessor says about the homes in that location. Once you've done your research as a first time home buyer you'll be more knowledgeable to make an offer on a home.
Buyers and sellers alike always want to know how to hire a great real estate agent. In a tight real estate market, it can hard to find a right agent that will give you the time you need. You want to hire an agent who is extremely knowledgeable about the housing stock in your neighborhood.
A homeowner has learned that her husband refinanced their home by forging her name on a quit claim deed. It is the responsibility of the mortgage broker to get the approval of each person on the title to the house. If the mortgage broker forged her signature, she should report the fraud. If her husband did it, she might want to take further action to protect herself and her assets.
Ilyce's best selling book for first-time buyers. You can buy this book at most major bookstores and on the web.
