Q: I have a possible buyer for my home and am selling it by myself. There is no agent involved on either side of the transaction. What are my responsibilities as a home seller? Are there any disclosures I have to make? There is no mortgage on the house. A: How fortunate you are to [...]
When selling a home in an unfavorable market, it can be hard to face some facts. Most likely, your home will not command the price you want. It might be hard to cut your losses and move on. And you may find you have more emotional ties to selling your home than logical ones. Such [...]
Each year we post our financial resolutions for home sellers for the new year. With the current state of our financial system, you need to keep your financial house and home in good shape. I know someone who sold a house this year. It took them seven months, and they had to cut their price [...]
A recap of the 2011 real estate market and the top 4 real estate New Year's financial Resolutions with real estate and personal finance advice Over the past 18 years that we’ve been writing this column, we’ve offered New Year’s Resolutions for home buyer and home sellers, plus New Year’s Financial Resolutions that everyone can [...]
When you sell a Second Home, you may not get the tax advantages unless the home was an investment property and can defer capital gains. Q: We are considering selling a second home to find another one closer in proximity to our permanent home. We do not want to sell until we find another house [...]
If you're planning to sell your home to a family member, you need to evaluate your options before using seller or owner financing options. Q: A few months ago, I purchased a Fannie Mae HomePath home at a great value which I am renting to my daughter and her husband. I am able to rent [...]
