The real estate boom and bust dropped home values severely. Taking a loss on a condo might be your only option other than to wait. Q: Back in 2005, I purchased a condo with cash for my disabled son to live in. I used an inheritance to buy the condominium, which was located near my [...]
If you decide to sell your home without a real estate agent, then you should consider using a multiple listing service to sell your home. Q: I have finally had it with real estate agents and have decided to use a for sale by owner (FSBO) web service. The company offers a few different options [...]
If you're having trouble selling your home, don't blame the real estate agent. It could just be the real estate market in your neighborhood. Q: I’ve been trying to sell my house for the past few years and have hired and fired a bunch of agents because none of them was able to find a buyer. [...]
Home prices are on the rise with fewer foreclosures. Ilyce Glink talks about the fall of underwater homes on today's Real Estate Minute. Over the past five years, your home probably lost at least a third of its value. The good news is that the bleeding has stopped and home prices are starting to turn [...]
A look into the real estate history and changes that have taken place in the real estate industry in terms of buying and selling your home. For the past twenty years, we’ve been chronicling the developments in the real estate industry in this weekly column. Boy, have times changed. Twenty years ago, the Internet didn’t [...]
Selling you home in a short sale: Is a short sale worth it? A short sale can affect your credit, but you get a break from the IRS in 2013. Q: Our daughter and son-in-law are looking into using a company that sells new homes but agrees to lease your current residence for six months. [...]
If you’re thinking about buying or selling a house soon, you’ve likely heard talk of “buyers’ markets” and “sellers’ markets.” Simply put, a buyers’ market occurs when there are more homes for sale than available buyers. Conversely, in a sellers’ market, demand outstrips supply. In 2013, should the fragile housing recovery proceed as most experts [...]
If your are having problems with seller disclosure about moving a manufactured home, you may have a legal case against the seller. Q: We have a problem. My son purchased a manufactured home last year at the age of 21 and obtained an FHA mortgage on the home. It appears that he should have never [...]
Are you selling a house without a Realtor? Seller financing and selling a home without an agent has its cost and benefits. Q: I appreciated your article on the advantages and disadvantages of holding title to a home in a limited liability company (LLC). I have a house in Maryland that is valued at around $350,000 [...]
If your loan modification is not enough, you might want to sell your home and find a more affordable home. Q: The good news is that we got a loan modification. Unfortunately, the amount is now too high because my husband's income has decreased. My income is just enough to cover our house payment and [...]
