On ThinkGlink.com, selling typically refers to selling a home, whether that home is a single-family house, a condominium, a co-op, a townhome, or a vacant piece of land. When you’re selling your home, or any piece of real estate, you need to decide what process you want to follow – whether you want to hire a real estate agent or do a for sale by owner (also known as FSBO). Selling includes, cleaning up and organizing your home, figuring out what the selling price should be, hiring the team you’ll need to sell your property (which might include an agent), potentially staging the home, negotiating the sale and closing on the transaction. Selling also includes getting the word out that your home is for sale by using every marketing means possible, including setting up an individual website for the property, listing it on Craigslist.com, Zillow.com and other sites, telling people at work or in your neighborhood that the property is for sale, and even placing a sign in your front yard. Use
Selling Real Estate: Which Buyer’s Offer To Take
Selling real estate can be a tricky business when it comes to accepting a buyer's offer. Many sellers are reluctant to take the first offer they get on their real estate, thinking another buyer may come along with a better offer. The best thing for a seller to do is trust his real estate agent and his instincts when selling real estate, and deciding which offer to take.
Clear The Decks: Preparing Your Home For Sale
Most buyers have a difficult time visualizing what a home will look like with their furniture in it. Your furniture, artwork, and knick-knacks, become distractions that many buyers' imaginations will have to work overtime to surmount. Buyers who have to work that hard trying to picture how they'll live in your home won't buy it.
Selling Home And Getting Tax Break
Current IRS tax law states that as long as you have lived in your home for two of the past five years, you can keep up to $250,000 in profits tax free when you sell the house. To take advantage of this and avoid capital gains taxes, you must sell your home and close by that date.
Sell Or Repair Synthetic Stucco After Water Damage?
If your home has synthetic stucco as its exterior finish, you may encounter water damage. One solution to water damage related to an incorrect synthetic stucco installation is a new drainage system, but it's not clear how reliable that system will be. Should you repair water damage related to synthetic stucco before selling a home? Ilyce says she wouldn't want a home with water damage related to synthetic stucco but it is up to the home seller to decide whether to repair it prior to selling the home.
Good Landlords Treat Tenants Well
Want to know how to be a good landlord? For starters, landlords should treat their tenants with respect and courtesy. This renter thinks he's being mistreated by his landlord and wants to know his rights as a renter.
Selling To Family Without Paying Gift Tax
Home owners wonders how to structure a deal where they sell their home to their daughter for a price less than value of the property. They must first determine if the transaction is a gift or a loan and how to deal with the IRS. If it is a gift, they need to talk to an estate planner to determine how to structure the transaction without triggering gift taxes that may be required to the IRS.
The Basics Of Selling A Home By Owner
Selling your home by owner has serious cash-saving incentives. But selling by owner can be problematic, and you have to be well-prepared for the process. It easier to sell by owner when there is tremendous interest in living in your neighborhood.
Selling Your Home With Mortgage Prepayment Penalty
When you sell your home you may face a mortgage prepayment penalty if you still have a mortgage loan. In addition you may have to pay taxes on the profit from the sale. To determine the best way to structure a real estate sale when you have a mortgage loan with a prepayment penalty you should contact a real estate attorney and accountant.
Selling Your House When Your Child Lives There
A couple is interesting in selling a house. They left the house four years ago and their son now lives there. What's the best way to sell the home and share the profits with their son?
Buying And Selling Property Without Lawyers
Is buying and selling property without an attorney or agent possible? When purchasing real estate, you're better off having an attorney who knows the process, state requirements and what documentation is needed. Most real estate attorneys charge just a flat fee to assist you with the purchase or sale of a home from beginning to end.