What's important when selling your home? Some things you can do when selling your home include fixing the small things; not lying about the home's condition; and choosing an agent who matches your home-selling temperament. Here are five more great suggestions for selling your house.
The question of renting a home versus buying a home is common. You may be unsure if you can take on a mortgage loan, especially if you already have credit card debt. You have to take many factors into consideration when buying a home, including increasing home values and whether renting can save you money in the long run.
Writing a will - documenting your last will and testament - is an important part of estate planning. When you write a will, you ensure that your funds, property and personal effects will be distributed after your death according to your wishes. It's important to think carefully of all possible scenarios when estate planning to avoid a legal mess.
When a woman gets divorced and marries for a second time her name may change. Does this name change affect the validity of a house title? No, a house title remains in effect regardless of which name you use. To ensure that a property be transferred to the correct heirs, it's important to go through estate planning including setting up a will.
A homeowner owns investment property that her parents live in without a formal lease agreement, and is ready to buy another home. The lender will look at the investment property as her sole responsibility without proof that her parents make payments that help her pay the mortgage. A lease agreement that show how much the parents are paying each month to live in the investment property would help show income to the lender and give her more to spend on her second home.
When you're buying a home and working with a real estate agent you shouldn't share your personal finance information. In addition, if you're working with a real estate agent who represents the sellers, and you talk about how much you'd be willing to pay for the property the agent may be obligated to share that information with the sellers. It's enough to give your real estate agent a price range.
Is your neighborhood changing rapidly? Are your neighbors rehabbing, upgrading or rebuilding? When you buy a home as a fixer-upper, you're specifically looking to get a great deal on a neighborhood you might not otherwise have been able to afford. How do you decide if home improvements are worth it in your changing neighborhood?
When you're buying a foreclosure you'll likely bid on the property with the lender. How can you know how much cash to bid on a foreclosure? You'll want to bid something comparable to the foreclosure's market value. How can you figure out the market value of a foreclosure?
In this column Ilyce gives advice to home owners who are planning to sell - get a good real estate agent, home inspector and attorney. People who are selling their homes need a good real estate agent, home inspector and attorney in order to get the best results from selling their homes. Find a real estate agent, home inspector and attorney whom you can trust and whom you can get along with - since you'll be spending a lot of time with them.
You may have to sell some assets to pay for assisted living for an elderly family member. If the asset being sold is a home, what taxes will have to be paid and at what rate? It depends on who owns the home and how the property is sold. Learn about the factors you should take into account for financial planning for elder care.
