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 February 4th, 2013 by
Ilyce Glink and Samuel Tamkin
If you can’t afford your 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 has the ability …
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Posted on January 24th, 2013 by
Ilyce Glink and Samuel Tamkin
Need to sell your home fast? Easy tips on selling and buying a new home, including applying for an equityYour share of ownershipOwnership is the absolute right to use, enjoy, and dispose of property. You own it! in a company. Stockholders are often referred to as equityYour share of ownership in a company. Stockholders are often referred to as equity investors, because they invest in the equity of a company.
investors, because they invest in the equity …
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Posted on January 3rd, 2013 by
Ilyce Glink and Samuel Tamkin
A contract for deed is another option for underwater real estateReal Estate is land and anything permanently attached to it, such as buildings and improvements. investors when trying to sell their homes. Q: I recently read your article “Not a …
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Posted on December 31st, 2012 by
Ilyce Glink and Samuel Tamkin
Looking around our neighborhood, I see fewer “for sale” signs this December than last year. In fact, several homes that were on the market for over a year have sold this autumn and are now closing. It still isn’t easy …
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Posted on December 28th, 2012 by
Ilyce Glink and Samuel Tamkin
Making home improvements can lower your capital gains tax, but that may change in 2013. Q: In 1975, my parents built a four bedroom house on Cape Cod and they put my name on the deed with theirs. My parents …
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Posted on December 6th, 2012 by
Ilyce Glink and Samuel Tamkin
Choosing a real estateReal Estate is land and anything permanently attached to it, such as buildings and improvements. listingA ListingA Listing is a property that a broker agrees to list for sale in return for a commission. is a property that a broker agrees to list for sale in return for a commission. 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 …
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Posted on December 3rd, 2012 by
Ilyce Glink and Samuel Tamkin
When calculating your property cost basis, it is recommended you speak with an accountant to correctly determine the purchase price between the land and home. Q: We purchased a single 22-acre parcel in late 2004. In order to refinance this …
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Posted on November 30th, 2012 by
Ilyce Glink and Samuel Tamkin
If your house is damaged by a fire, the first step is to talk with your insurance company about what will be covered under the policy. Q: I recently inherited my sister’s home that was badly damaged by fire and …
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Posted on November 26th, 2012 by
Ilyce Glink and Samuel Tamkin
Deciding between a full service versus a flat fee 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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Posted on November 8th, 2012 by
Ilyce Glink and Samuel Tamkin
Will the housing market be stronger in 2013? It is best not to wait for housing market predictions and get your house ready to sell now. Q: I live in Atlanta and love listening to you on the radio. Do …
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