How do you calculate cost basis on a home you receive through a quit claim deed? The type of home ownership is also a factor - for example joint tenancy. Learn how to do the calculation for cost basis and learn the rationale used to determine cost basis when families transfer home ownership using a quit claim deed.
A real estate agent typically represents either the buyer or the seller. But if a listing agent brings the buyer to the table, that real estate agent is now a dual agent. What is dual agency? How can you protect yourself if you find yourself working in a dual agency situation. Check out this new ExpertRealEstateTips video for the answer.
Is your real estate tax bill too high? If your property has declined in value, you may be able to lower your real estate tax bill. This Expert Real Estate Tips video shows you how.
Don't be afraid to ask real estate agents questions before you hire them. Which real estate companies have they worked for and for how long? Do they hold an agent's license or broker's license? What is their specialty and can they provide references? How do they market real estate on the Internet? What real estate have they sold? This Expert Real Estate Tips segment tells you what questions to ask your real estate agent.
Real estate agents sometimes have a sixth sense for what a buyer wants. Is space, price range or style most important? How does a good agent discover what her client needs and wants? View this Expert Real Estate Tips segment for insight into how real estate agents figure out what their clients really want to buy and to learn why exposure to properties is key in finding out what you want in a property.
With the real estate market in decline, mortgage lenders are stricter about requirements for loans. Do you need a bigger down payment, a better credit score, or more solid work history? How has qualifying changed and what do you need to know in order to qualify for a mortgage loan in today's tough market? Watch this Expert Real Estate Tips segment to find out more about what mortgage lenders require.
