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Quit Claim Deed May Not Represent All Owners’ Interests

By GlinkAndTamkin| 2007-10-19T00:00:00-05:00 October 19th, 2007|

When you agree to pay property taxes you likely want property ownership as well. But be careful assuming financial responsibility when only one of multiple owners of a property asks you to. If one property owner quit claims his share of a property to you, you may find that you've invested a lot of money into a property only to have the other owner or other owner's heirs come to you later wanting their share. It's helpful to contact an attorney in this situation.

Contract Terms For Buying A Home

By Ilyce Glink| 2007-10-18T00:00:00-05:00 October 18th, 2007|

Buying a home is a complicated process. Be sure to completely understand the contract and hire a reputable real estate attorney.

Home Auction Versus Agent

By Ilyce Glink| 2007-10-17T00:00:00-05:00 October 17th, 2007|

Selling a home through an auction or a real estate agent is up to the seller. It takes some investigating to decide if an auction or a real estate agent will get a higher price for the home. Auctions aren't cheap, but can be quick.

Home Inspector Needed When Buying Home

By Ilyce Glink| 2007-10-15T00:00:00-05:00 October 15th, 2007|

Most home buyers will have at least two opportunities to inspect their property before closing on the purchase. A home inspector is essential to buying a new house. If a home inspector finds anything wrong with the property, or decided further inspection are needed, the home buyer will be able to figure out if there are insurmountable physical problems with the home.

Broker Commission Part Of Contract

By Ilyce Glink| 2007-10-14T00:00:00-05:00 October 14th, 2007|

Commission paid to real estate agents is negotiable. Ilyce helps this home seller understand the broker's commission as described in her contract.

Selling A House And Keeping The Profits Tax-Free

By Ilyce Glink| 2007-10-13T00:00:00-05:00 October 13th, 2007|

The IRS allows homeowners to avoid having to pay any taxes on the gain from the sale of their home up to $250,000 for a single homeowner or $500,000 for married couples if the homeowner has lived in the home as his or her principal residence for 2 years out of the last 5 years.Is there any way to keep the profits of a home sale tax free if you've lived in the home less than two years? The IRS allows some circumstances to avoid capital gains.

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