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 [...]
Is the housing market going to crash in 2021? After a whirlwind year in 2020, real estate experts expect another record breaking year in 2021. Is the Housing Market Going to Crash in 2021? The housing market has shown some signs of slowing down after a record-shattering year in 2020, prompting headline writers to start [...]
Real estate market 2021: where homes are selling fast. Housing market predictions highlight the metros that’ll have the greatest sales growth in 2021. New housing market predictions from Realtor.com anticipate a strong year for buyers and sellers in 2021. This goes hand-in-hand with the strong mortgage market expected in 2021 due to continuing, historically-low interest [...]
What should I do if I don’t qualify for the full home sale exclusion? This wants to know if they have any other options to reduce taxes on the home sale. Q: We're a French family moving back to France next year. I read that a married homeowner who has lived in his principal residence [...]
Why pocket listings are a disservice to home sellers. This reader had an agent who used a pocket listing to market exclusively to a religious community. Q: I’ve been following your discussion of pocket listings with interest. I had an unfortunate experience with a broker who used a pocket listing to try to sell my [...]
How to resolve title issues. This reader sold one property but the closing attorney used the legal description for two and they need to get it fixed. Q: Earlier this year, I sold my house through a real estate company. I then moved next door to a rental home I own. A few months later, [...]
How to sell a farm property in 2020. This reader had it listed with two different agents and doesn’t feel like they made an effort to make the sale. Q: I own a large farm that I have been trying to sell. I have had cattle, we do hay and have a hunting lease. But [...]
