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.
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.
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.
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!
Real Estate Minute with Ilyce Glink Selling Your Home this fall? Get going now. Original Air Date: July 12, 2006
A homeowner didn't have a home inspection and discovers evidence of a fire a year after moving into his new home. A home inspection would have uncovered this damage, but the seller was required to disclose the fire. A real estate attorney can determine if this buyer has a seller disclosure case.
A home seller had a sale fall through and weren't told until after the closing date, resulting in many problems. If the buyer didn't notify the seller under the terms of the contract, the buyer may be in default under the contract. The contract may allow the seller to sue for damages caused by the sale following through.
What should you look for when you're considering purchasing a home with a radon mitigation system? A radon mitigation system is installed when high levels of radon are found in a home. Having a radon mitigation system may change the resale value of the home.
A seller received an offer on a building for sale, but the buyer has asked for seller financing. There are several risks involved in a seller-financed deal because the buyer might not be able to get a loan from a traditional lender. A real estate attorney is essential to ensuring a seller-financed deal goes through safely.
