In the current real estate market, a home may not sell for months. One home seller managed to sell her home at the first open house. She gives you tips on getting your house in "blue ribbon" condition and selling it fast.
When you're selling your home, you'll need to tell prospective buyers how much square footage your home has. Careful buyers may do their own square footage calculation when they want to buy a home. There are many ways to calculate the square footage of a home you're selling.
Many people face the same question: Should I buy a home first, or sell my current home first? There is a short-term loan program known as a "bridge loan" that can help you cover the extra cost of new mortgage before you've sold your current home. A home equity line of credit may also help cover the costs of buying a new home before you've sold yours.
As interest rates move upward, the real estate market seems to be slowing. The good news is that interest rates should stabilize around historically low rates, allowing buyers to keep their hand in the market. The bad news is sellers probably shouldn't expect the huge payoffs the market has been seeing.
Is it a good idea to wait to sell inherited property? There's no reason to wait to sell inherited property, especially if the right time in the market is now. Plus, inheriting property at the current market value means no capital gains tax on the inheritance upon selling.
Unfortunately for home sellers nationwide, the red hot seller's market of the last few years has cooled -- dramatically in some places. The best thing you can do is be realistic about your local market. Here are some things to keep in mind in a down seller's market.
A neighborhood is thinking about selling all of their properties to a developer. They are working out how to make sure each homeowner is compensated equitably. Selling an entire neighborhood will be a very complex deal and a top rated real estate agent and developer need to be consulted.
Barb Schwarz tells Think Glink readers how to stage their homes to sell them for more money. Home staging means homeowners must be worried about the interior, not just the exterior of the home, in order to sell it for more money. Home staging will help you sell your home for more money.
When you're selling your home you want to do as much as you can to make a buyer want it. One great way to make your home ready for selling is to stage it. Barb Schwarz, author of Home Staging: The Winning Way To Sell Your House For More Money discusses staging tricks for how to best put your house on the market. Learn home staging tips she shares with real estate professionals at a staging boot camp.
When someone gives you a home what cost basis do you use when you sell it? Cost basis for taxes may include the original market value of the home as well as home improvements. After you've figured out the correct cost basis you can find out how much you'll owe in capital gains taxes. For more information on capital gains taxes and home sales visit the IRS Web site.
