Monthly Archives: October 2007
Name On Title But Not On Mortgage
Is it a big deal not to have your name on a mortgage? Not if your name is on the title to the home. Having your name on the title but not the mortgage ensures that you have property rights to a home but not financial responsibility. Regardless, you may decide to work with your partner to ensure that the home’s expenses are paid on time and in full.
Pinpointing The Price Of Real Estate
Home sellers can’t pick appraisers but they can learn how appraisals are calculated and what current market conditions are. It can be tough to appraise a home accurately in a declining real estate market. A good appraiser will dig deep to understand high sales.
Ilyce Glink on WSB Radio – October 21, 2007
This week on the Ilyce Glink Show, Ilyce talked about the new tax brackets that were announced by the IRS. She also answered plenty of tax questions, questions about contributing to, investing in and converting Roth IRAs. Tune in for more of your questions and Ilyce’s answers and information on this week’s show.
Custom Home Builder Purchase Contract
Custom home builders all use different contracts which govern the terms of the deal. Your builder might come back to you after closing and claim that more bills came in and you owe him more money. You need to look at your contract and determine if these extra expenses fall under the contract. If it was an honest mistake, you may want to pay the bill anyway in exchange for an extended warranty or some other concession.
Quit Claim Deed May Not Represent All Owners’ Interests
When you agree to pay property taxes you likely want property ownership as well. But be careful assuming financial responsibility when only one of multiple owners of a property asks you to. If one property owner quit claims his share of a property to you, you may find that you’ve invested a lot of money into a property only to have the other owner or other owner’s heirs come to you later wanting their share. It’s helpful to contact an attorney in this situation.
Start Saving for Retirement Health Care
As if it weren’t enough to save every spare cent for retirement costs, you may have to start saving for retirement health care too.
More and more emp…
Contract Terms For Buying A Home
Buying a home is a complicated process. Be sure to completely understand the contract and hire a reputable real estate attorney.
Home Auction Versus Agent
Selling a home through an auction or a real estate agent is up to the seller. It takes some investigating to decide if an auction or a real estate agent will get a higher price for the home. Auctions aren’t cheap, but can be quick.
Estate Planning Helps Mitigate Inheritance Taxes
When you’re doing estate planning you need to consider not only federal taxes but state taxes too. Some states tax estates at different levels from the federal tax rates and the states may not tie their estate taxes to the federal rate. It’s important to consider estate tax rates to preserve an inheritance.
Home Inspector Needed When Buying Home
Most home buyers will have at least two opportunities to inspect their property before closing on the purchase. A home inspector is essential to buying a new house. If a home inspector finds anything wrong with the property, or decided further inspection are needed, the home buyer will be able to figure out if there are insurmountable physical problems with the home.
