Selling A Home? Chances Are You’re Looking Online
I'm at the National Association of Real Estate Editors meeting in downtown Dallas. We're at a lovely hotel/condo called The Magnolia, which is a build...
Retirement Living For Baby Boomers
Baby boomers expect more active retirement living that the generation before them. Baby boomers look at amenities available for use during retirement living. Boomers require for retirement living: social networking, volunteering and learning. As homeowners, Boomers also want home design that better fits their needs like larger kitchens, dual master suites and spare bedrooms. And even Boomers on a limited budget are looking for extra amenities for their retirement living.
Real Estate Capital Gains Tax: What You Owe After Selling Your Home
After selling a home you've lived in for more than five years, what is the real estate capital gains tax and what do you report to the IRS. If you're married you can take up to $500,000 in profit without paying capital gains tax to the IRS, after living in a home at least two of the last five years. If you're single, you can take up to $250,000 in profit without paying capital gains tax to the IRS, after living in a home at least two of the last five years.
Dividing Divorce Assets Could Affect Credit
When you get divorced, the person whose name is on the mortgage loan is responsible for that debt, even if both people's names appear on the title to the home. To change the names on a mortgage loan, the loan must be refinanced. Depending on how this asset, the home, is divided between the two spouses during a divorce, it could affect their credit histories and credit scores.
Credit Score: Impact Of Bankruptcy Or Collections
Is bankruptcy or debt collections worse for a credit score? Both debt collections and bankruptcy impact a credit score, although a bankruptcy will stay on a credit report longer than debt collections will. The type of debt also affects how it is reported to credit reporting bureaus and how important its creditors deem it.
$10,000 Scholarship For Women Who Study Real Estate
With all the bad news about student loans and real estate lately, it may be hard to see a light at the end of the tunnel sometimes. But here's a brig...
Deed in Lieu of Foreclosure And Insurance
When a homeowner signs a deed in lieu of foreclosure it gives up his rights to the home and releases him from paying the mortgage loan, but it doesn't automatically take care of the relationship with the PMI company. A PMI company may still want to get back the money it's losing due to the deed in lieu of foreclosure. PMI stands for private mortgage insurance, which you have to buy if you don't have enough down payment. Learn how a deed in lieu of foreclosure affects PMI.
Experience With Real Estate Agent Varies
As with any industry, the professionals who work in real estate are both good and bad. And each customer's experience will differ depending on the real estate agent or broker he or she uses. Each real estate agent or broker will also have different expectations and boundaries with their clients.
How Do You Feel About Buying A Foreclosure?
Who's your average foreclosure buyer? A single man under age 35, if you put together a composite of characteristics revealed by a recent survey. Truli...