If You’re A Seller, You’ve Got To Be Nervous
Selling your home? Expect it to take a while in this market. Buying a home? There are all kinds of new incentives out there to bring you to new properties on the market.
Real Estate Minute: Looking To Get Rid Of A Timeshare?
Real Estate Minute with Ilyce Glink Looking To Get Rid Of A Timeshare? Original Air Date: August 23, 2006
Selling Part Ownership In Home
A homeowner bought a home with two family members and would like to sell her share of the home. The homeowner should not agree to give up her part ownership in the property without being paid first by the other family members. Because she is part owner, she deserves her fair share in the home and it's appreciated value.
Did Seller Know About Leaky Roof?
A home buyer moved into a new home only to find that the roof leaks. The seller had disclosed the leak, but then amended the disclosure form to say that there was no leak. A professional home inspector is key to ensuring all problems are disclosed.
Poor Seller Disclosure May Result In Breach Of Contract
What happens if you buy a home and the contract states one thing but the house does not match that requirement? Under seller disclosure is the seller liable for fixing the discrepancy? In this case, a home buyer believes that his new home lacks insulation which was described in the contract. Before suing the seller, a developer, the home buyer should make sure that his suspicions of lack of insulation are correct by hiring a contractor.
Understanding Seller Disclosure Law
Most states have seller disclosure laws requiring the seller to disclose to buyers know material defects in the home. Seller disclosure laws give a buyer a fair chance at knowing what the seller knows about his or her home when it comes down to material defects in the home. Some states require a buyer to sue the seller for that failure to disclose within one year of the closing on the home.
Selling Soon? Get Your Paperwork In Order
When you are in the process of selling your home time is a premium. Avoid any selling mishaps by having all your paperwork ready. Here is a comprehensive list of documents you'll need to sell your home.
Selling Home To Family Member
A homeowner would like to sell her home to her son at an affordable price. The son will have to be approved by a lender for the home purchase. If he cannot afford the appreciated price, the owner may be able to sell him the home at a lower price and gift the rest to the son.
Real Estate Minute: Sell Your House With Extra Incentives
Real Estate Minute with Ilyce Glink Want to sell? Give away a car Original Air Date: August 3, 2006
Risks With Seller Financing
Typically, when you sell your home, and you have a loan, the loan is due on the completion of the sale. The due-on-sale clause on the loan gives the bank the right to call the loan and require you to pay it in full. The bank may not exercise its right to call the loan, but that is a risk you would take if you sold the home on an installment contract basis.