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
Posted on June 1st, 2013 by
Ilyce Glink and Samuel Tamkin
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 …
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Posted on May 18th, 2013 by
Ilyce Glink and Samuel Tamkin
Hiring a real estateReal Estate is land and anything permanently attached to it, such as buildings and improvements. agentAn AgentAn Agent is an individual who acts on behalf of a consumer. A real estate agent represents a buyer or a seller in the purchase or sale of a home. Licensed by the state, a real estate agent must work for a broker or a brokerage firm. An insurance agent helps a consumer purchase an insurance policy. Insurance agents are also licensed by the state. is an individual who acts on behalf of a consumer. A real estateReal Estate is land and anything permanently attached to it, such as buildings and improvements. agentA Real Estate Agent is an individual licensed by the state, who acts on behalf of the seller or buyer. For his or her services, the agent receives a commission, which is usually expressed as a percentage of the sales price of a home and is split with his or her real estate firm. A real estate agent must either be a real estate broker or work for one. represents a buyer or a seller …
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Posted on May 11th, 2013 by
Ilyce Glink and Samuel Tamkin
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 …
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Posted on April 19th, 2013 by
Ilyce Glink and Samuel Tamkin
Due to the housing crisis, the reserveThe ReserveThe Reserve is the amount of money set aside by a condo, co-op, or homeowners' association for future capital improvements. 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 …
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Posted on April 14th, 2013 by
ThinkGlink Staff
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 …
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Posted on April 13th, 2013 by
Ilyce Glink and Samuel Tamkin
Quit claim deedA 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 for the use of the funds. in a property that a person may have, without a representation that he or she actually has a right in that property. For example, Sally may use a quit claim deed to grant Bill her interest in the White House, in Washington, DC, although she may not actually own, or have any rights to, that particular house. 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 loanA Loan is an amount of money that is lent to a borrower, who agrees to repay it plus interest. charged annually …
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Posted on April 13th, 2013 by
Ilyce Glink and Samuel Tamkin
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 …
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Posted on April 12th, 2013 by
Ilyce Glink and Samuel Tamkin
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: …
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Posted on April 12th, 2013 by
ThinkGlink Staff
During your home closing keep a copy of mortgageA 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 has the ability to foreclose on the home. is a document granting a lienA Lien is an encumbrance against the property, which may be voluntary or involuntary. There are many different kinds of liens, including a tax lien (for unpaid federal, state, or real estate taxes), a judgment lien (for monetary judgments by a court of law), a mortgage lien (when you take out a mortgage), and a mechanic's lien (for work done by a contractor on the property that has not been paid for). For a lien to be attached to the property's title, it must usually be filed or recorded with a local county government office. on a home in exchange for financing granted by a lenderA Lender is a person, company, corporation, or entity that lends money for the purchase of real estate.. The mortgage is the means by which the lender secures the loanA Loan is an amount of money that is lent to a borrower, who agrees to repay it plus 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 for the use of the funds.. and …
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Posted on April 6th, 2013 by
Ilyce Glink and Samuel Tamkin
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 AgentAn Agent is an individual who acts on behalf of a consumer. A real estate agent represents a buyer or a seller in the purchase or sale of a home. Licensed by the state, a real estate agent must work for a broker or a brokerage firm. An insurance agent helps a consumer purchase an insurance policy. Insurance agents are also licensed by the state. is an individual who acts on behalf of a consumer. A real estateReal Estate is land and anything permanently attached to it, such as buildings and improvements. …
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