Have real estate questions? Here, you’ll find helpful articles and other resources that cover issues related to real estate, buying, selling, financing, refinancing, credit and debt, insurance, second homes, vacation homes, real estate investment, new construction, and renovation.
Increased Price In Newly Constructed Home
What happens when a newly built home costs more than originally agreed upon in a contract? Often, new construction homes are upgraded as they are built and these costs end up in the final price. Having a clear building contract can avoid such problems after the home is built.
Seller Prices Home Above Market Value
When you're selling your home it's important to price the property in a way that will help it sell. If you price the property higher than comparable ones in the neighborhood, it's going to be harder to sell the property. What can you look for when you're a buyer? Learn clues to discover when a home is overpriced.
Tips For First Time Home Buyer
A first-time home buyer is wondering about purchasing a home with cash. Paying for your first home entirely with cash is a very conservative financial move. Whether you choose to do it depends on how nervous you are about being able to make your payments each month and what kind of return you expect from your investments elsewhere. It might be smarter to make a substantial down payment and take out a mortgage for the rest.
Home Sale Falls Through
A home seller had a sale fall through and weren't told until after the closing date, resulting in many problems. If the buyer didn't notify the seller under the terms of the contract, the buyer may be in default under the contract. The contract may allow the seller to sue for damages caused by the sale following through.
Ilyce Glink on WSB Radio – June 18, 2006
In her June 18 show, Ilyce Glink offers her WSB listeners useful real estate advice, personal finance advice, and tips on making life just a little bit easier.
Quit Claim Deed Leads To Capital Gains Tax
When you receive ownership to a property through a quit claim deed, you also get the property at the cost basis that the previous owners had. This may lead to capital gains taxes when you sell the home. To know how much capital gains tax you will owe, contact a tax preparer such as an accountant or enrolled agent.
Canceling PMI on Investment Property
With an investment property, as with most other kinds of property, you must pay for PMI (private mortgage insurance) when you don't make a large down payment or have a lot of equity in the property. The rules rules regarding PMI differ between owner occupied property and investment property. With an investment property, your best bet is to pay the mortgage down to 20 percent then cancel your PMI.
Seller Disclosure Includes Radon Mitigation System
What should you look for when you're considering purchasing a home with a radon mitigation system? A radon mitigation system is installed when high levels of radon are found in a home. Having a radon mitigation system may change the resale value of the home.
Ilyce Glink on WSB Radio – June 11, 2006
In her June 11 show, Ilyce Glink offers her WSB listeners useful real estate advice, personal finance advice, and tips on making life just a little bit easier.