Inheriting Property with Siblings? If you and your siblings are inheriting property from your parents or another family members, and everyone isn't on the same page about keeping or selling the property, you'll want to read this story. Distributing Assets Differently then Stated in the Will This week, we’re publishing comments and observations about two [...]
Every year, Ilyce and Sam offer their readers New Year’s resolutions for home buyers, sellers and their personal finances. These are their 2023 Home Seller Resolutions. We feel like a broken record, but 2022 was still one of the best years on record for home sellers. Despite mortgage interest rates rising at an all-time blistering [...]
Should You Plan a Move Before Retirement? How to handle a sale and purchase of a new home and move before retirement? Q: I used to listen to you on the radio in Atlanta and I’m hoping you can help me now. My husband is 65 and I’m 63. We live in a home that’s [...]
A reader asks: What is my home value? How does my home's value compare with others? How much is my home worth? Have I lost money? All homeowners ponder their home value. They wonder, "How much is my home worth?" With home values and skyrocketing over the past 5 years and mortgage interest rates climbing, [...]
What is a release of mortgage letter? How do I get a release of mortgage letter from my lender? Q: I just read the article regarding the lady that has not received her release of mortgage letter from her lender. If it was my lender, she will not get the release of mortgage until she [...]
When Should I Hire an Agent? That's the question every seller is facing. In a hot sellers' market, there's no need to hire an agent months in advance. For more information, see the Read More list of topics at the bottom of the page. And, don't forget to sign up for Ilyce Glink's Love, Money [...]
When can a seller back out of a contract? There are a number of reasons why a seller or a buyer can cancel a deal. Sign up for Ilyce Glink's Love, Money + Real Estate Newsletter for more stories like these. Why Do Sellers Back Out of a Contract? I've been asked this question fairly [...]
How to manage inherited property split between siblings. This reader wants to either buy his sister out or sell the property, but she refuses. Q: My boyfriend’s mother died several months back. He wants to either buy his sister out or sell the property, but his sister has refused his verbal requests to buy her [...]
How do I avoid capital gains tax for jointly owned property? This reader wants to know how best to go about using the home sale exclusion when they sell the property. Q: My wife and I own our home jointly. The home has appreciated substantially in the 25 years we have owned it to the [...]
How to calculate profits and taxes on a home sale. This reader wants to know how to determine profits, costs and taxes on a home sale. Q: I have a question about selling your home and trying to determine the cost basis for tax purposes. Is the profit the difference between the sale price of [...]
