Offering seller financing options could help you sell your home in this difficult market. With seller financing, you lend the buyer the cash he or she needs to purchase your home. While it's easier to go to a bank, going with seller financing will be less expensive for buyer, who can save several thousand dollars in lender fees.
After a home inspection, a home buyer purchased a home that then had flooding in the basement. The seller didn't disclose any problems with water in the basement. The only way to sue the seller is if you can prove she knew the basement leaked and did not disclose it.
While the winter holiday season of Thanksgiving to Superbowl Sunday used to be dead for real estate, real estate industry observers now say sales drop only slightly. What slows down are the showings, which means that the serious shoppers are out and about. Here are some tips on keeping your home presentable during the holiday season.
If your home isn't selling, there may be a problem with either its condition or price. But sometimes buyers need an extra nudge. There are things sellers can do that will effectively lower the net amount you take away from the deal, but could help get your home sold. If you're having trouble selling, and haven't received an offer, perhaps these suggestions will help.
Selling your home may seem like the solution when you're underwater on your debt, but not every lender will do a short sale. A short sale will also result in the IRS considering the amount forgiven by the lender as phantom income -- meaning you could face a huge tax bill the following year for the difference in the short sale.
In some parts of the country, zoning regulations and other covenants that include setback requirements were enacted after homes were built in a neighborhood. Many older homes may be legal but non-conforming, therefore, they will not be in violation of the setback requirement. If the home is a new home, there may be cause for concern regarding the setback requirement.
Real Estate Minute with Ilyce Glink Get a CLUE about the condition of the home you want to buy Original Air Date: October 11, 2006
Working with a reputable auction house is the best way to go about selling valuable items. The auction house can appraise the collection and the seller can decide how to go about selling the items.
When you sell a home, the closing agent pays the lender off either by wire transfer the day of the closing or by wire transfer or overnight payment the next business day following your closing. A seller sold a home recently but the lien still has not been filed. The primary concern for the seller should be that the mortgage company was paid off because a lien can take longer to process and is more of a concern for the buyer.
When you buy a property it's important to have your name on the title and mortgage, if you have one. If you buy a property with a family member and later decide to sell, but you have no clear documentation showing you're the owner, it could be a problem. Learn the legalities of determining a home's owner to enable selling a home.
