Selling

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

Tax-Free Exchange on Rental Property: What Taxes Do I Owe When Selling?

Tax-free exchange on rental property, what taxes do I owe when selling? Did you purchase the home as an investment or as a primary residence? Q: We purchased our present home in 2005 for $225,000. It was a tax-free exchange on …

Continue reading

Posted in Income Tax, Investment Property, Selling | Tagged , , , | Leave a comment

Should You Hire a Real Estate Agent to Sell Your Home?

Hiring a real estateReal Estate is land and anything permanently attached to it, such as buildings and improvements. agentAn Agent is an individual who acts on behalf of a consumer. A real estate agent represents a buyer or a seller …

Continue reading

Posted in For Sale By Owner, Real Estate Agent, Selling | Tagged , | Leave a comment

Problems Selling Your Condo? How to Deal with Condo Association Issues

 Are you having problems selling your condo? Here’s how you should deal with condo association repair issues. Q: I recently read a response you wrote to a reader about her building shaking when big trucks go by. I have a …

Continue reading

Posted in Selling | Tagged , | Leave a comment

Reserve Funds for Condos | What Are the Requirements?

Due to the housing crisis, the reserveThe Reserve is the amount of money set aside by a condo, co-op, or homeowners’ association for future capital improvements. funds for condos are not looked over anymore. Requirements for condo reserve funds have …

Continue reading

Posted in Selling | Tagged , , , | Leave a comment

What is Seller Disclosure? Required Disclosures When Selling a House

Do you know what a seller disclosure is? Home buyers should go over the required seller disclosures before making an offer. As a buyer, you’ve got find out everything you can about the condition of a home before you even …

Continue reading

Posted in Home Buying, Seller Disclosure, Selling | Tagged , , | Leave a comment

Quit Claim Deed Tax Implications: Selling House with Multiple Owners

Quit claim deedA Quit Claim Deed is a deed that operates to release any interestInterest is money charged for the use of borrowed funds. Usually expressed as an interest rate, it is the percentage of the total loan charged annually …

Continue reading

Posted in Quit Claim Deed, Selling | Tagged , , , | Leave a comment

Selling Home to Family Member? Get a Home Value Estimate First

Thinking about selling your home to a family member? Get a home value estimate first to double check your home’s real market value. Q: Our parents left their home to me and my two sisters. The home is located in …

Continue reading

Posted in Selling | Tagged , | Leave a comment

Real Estate Boom and Bust: Taking a Loss on a Condo

The real estateReal Estate is land and anything permanently attached to it, such as buildings and improvements. boom and bust dropped home values severely. Taking a loss on a condo might be your only option other than to wait. Q: …

Continue reading

Posted in Real Estate Market, Selling | Tagged , , , | Leave a comment

Home Closing Tips: Real Estate Minute with Ilyce Glink

During your home closing keep a copy of mortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is the means by which the lender secures the loan and …

Continue reading

Posted in Closing Costs, Home Buying, Selling | Tagged , , | Leave a comment

Sell Your Home Without a Real Estate Agent: Use a Multiple Listing Service

If you decide to sell your home without a real estateReal Estate is land and anything permanently attached to it, such as buildings and improvements. agentAn Agent is an individual who acts on behalf of a consumer. A real estate

Continue reading

Posted in For Sale By Owner, Selling | Tagged , | Leave a comment