Selling a home can be a complicated process without the right help. You need to make sure your house is in the best condition and you receive a fair price for it. Whether you’re selling yourself or using an agent or broker, look here for more information about how to sell your house effectively.
Selling Your Home: Get A Good Real Estate Agent, Home Inspector And Attorney
In this column Ilyce gives advice to home owners who are planning to sell - get a good real estate agent, home inspector and attorney. People who are selling their homes need a good real estate agent, home inspector and attorney in order to get the best results from selling their homes. Find a real estate agent, home inspector and attorney whom you can trust and whom you can get along with - since you'll be spending a lot of time with them.
Gift Tax Or Capital Gains: Know Tax Rules When Selling A Home
A new condo owner is confused about whether she owes gift taxes or capital gains on the sale of her mother's home. Ilyce explains the rollover replacement rule and gift taxes versus capital gains. Always get a real estate attorney and tax adviser when selling a home when taxes like the gift tax or capital gains are involved.
Not Easy To Sell Timeshares From Estate
An estate includes various timeshares. Unfortunately, there aren't any good ways to get rid of timeshares. You can go to the timeshare and try to find other owners of timeshares of the property who might be interested in purchasing yours.
Can Home Buyer Sue Seller Over Bad Smell?
A new home owner notices a bad smell and wants to sue the seller for not disclosing it. The homeowner's ability to sue the seller for his or her failure to disclose a material problem with the home will generally depend on various factors: the state's seller disclosure laws, what the seller knew, and what the contract for purchase of the home stated. Seller disclosure laws generally require sellers to disclose material issues relating to the home.
Mortgage Denied Due To Low Appraisal
Many, but not all, real estate contracts include a provision allowing some time for a buyer to obtain financing for the purchase of a home. If within the time allotted a buyer is unable to obtain financing and the seller is notified, the contract is terminated and the buyer receives a full return of any deposit. Usually, this right to terminate a contract if you are unable to obtain financing is called a mortgage contingency.
Seller Financing Offered to Rental Tenants
An investment property owner wants to sell their property to the tenants and offer seller financing. The seller financing will work like an installment purchase, or "lay-away" plan. The installment contract with the seller will include certain provisions that will pay "interest" on the amount owed by the buyers along with payments for all of the costs associated with the ownership of the home. When the time comes to transfer title to the home to the buyer, they will pay off whatever remains on the installment contract. The seller will use part of the cash they pay to payoff the current mortgage.
Seller Disclosure: Damage After Home Inspection And Closing
What is the seller's responsibility as far as seller disclosure once the home inspection and closing are over? Does seller disclosure still apply, if hail damages the home after the buyer has the home inspection and closing. Months after the home inspection and closing the buyer is still trying to get the seller to file an insurance claim.
Seller Doesn’t Move As Planned
You should never close on a property without the seller already having moved out or without a written arrangement that includes your holding cash back from the deal to ensure that the seller will really leave. What recourse does a buyer have when the seller does not act in goof faith?