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Home Seller Needs Real Estate Attorney To Help With Selling Process

By Ilyce Glink| 2006-07-25T00:00:00-05:00 July 25th, 2006|

A home owner in Chicago has been offered to sell her home through a real estate consultant. Ilyce warns the seller that she should get several appraisals and hire a good real estate attorney. A real estate consultant may be trying to scam the home seller out of a commission, and a real estate attorney will help the home seller figure things out.

Okay To Change Real Estate Agent

By Ilyce Glink| 2006-07-23T00:00:00-05:00 July 23rd, 2006|

Changes in marketing real estate have changed the agent/client relationship. The Internet has made real estate a much more transparent business. You can see what other agents are offering, can view listings that are for sale, learn all about a prospective neighborhood, and look up your own crime statistics. Agents and brokers who believe they "deserve" clients for life don't understand that in today's economy, you have to earn your business every single time you deal with someone.

Terminating the Sale of a Home

By Ilyce Glink| 2006-07-22T00:00:00-05:00 July 22nd, 2006|

A buyer made an offer on a home but had trouble getting the seller to agree to repairs. He issued a termination letter but is unsure of his obligations on this deal. Unless the agent is an attorney, she is not qualified to tell you whether you are legally required to move forward with this deal. Buyers should consult a real estate attorney for questions about contracts and legal obligations.

Divorce Loose Ends Could Delay Home Sale

By Ilyce Glink| 2017-08-23T13:54:15-05:00 July 21st, 2006|

Getting divorced includes not only having a valid divorce decree but also making sure that any real estate that you owned as a couple is clearly delineated. If your divorce decree says you get the home but then you never remove your former spouse's name from the title you could run into a problem when you want to sell the property. To remove a spouse's name from a house title, the spouse should sign a quit claim deed. When this step is neglected for many years it may require contacting the title company for resolution or going back to court.

Mold Problem In New Home

By GlinkAndTamkin| 2006-07-20T00:00:00-05:00 July 20th, 2006|

Home buyers purchased a new construction home that had extensive mold problems. They've decided to sell the home "as is" and want to know if they can take a capital loss on the home because of the mold problems. Unless the home was a real estate investment, the loss due to the mold is not deductible.

Figuring Capital Gains Tax On Inherited Property

By Ilyce Glink| 2006-07-19T00:00:00-05:00 July 19th, 2006|

When you inherit property you inherit it at the market value of the property the day the person who owned it died. This market value is your cost basis when you calculate taxes while selling the property. In addition to federal capital gains taxes you'll likely have to pay state taxes on the sale of the property inheritance. Learn how to calculate the taxes on a property inheritance.

Selling Your Home: Fix Broken Items Before Listing Your Home

By Ilyce Glink| 2006-07-17T00:00:00-05:00 July 17th, 2006|

One of the most important things to do before selling your home is fixing all the items that are broken. Leaving items broken and listing a home is one of the biggest makes homeowners make when preparing to sell a home. Selling your home is much easier when everything is in perfect working order!

Consider Paying Off Mortgage

By Ilyce Glink| 2006-07-15T00:00:00-05:00 July 15th, 2006|

When you have a modest income, it can be difficult to make all your monthly payments and put aside savings. However, if you can manage to build up a savings, it might be worthwhile to pay off your mortgage. If you start saving your monthly mortgage payments, you will build up your savings in no time, and you will be earning the interest that you would have been paying to the mortgage company.

Real Estate Minute: Online Appraisals

By Ilyce Glink| 2006-07-13T12:00:00-05:00 July 13th, 2006|

Real Estate Minute with Ilyce Glink Does an online appraisal replace a real one? Original Air Date: July 13, 2006

Real Estate Minute: Prepare To Sell Your Home

By Ilyce Glink| 2006-07-12T12:00:00-05:00 July 12th, 2006|

Real Estate Minute with Ilyce Glink Selling Your Home this fall? Get going now. Original Air Date: July 12, 2006

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