When you sell your home you will have to share if the home has material defects as part of seller disclosure. Does seller disclosure include sharing what kind of wiring your home has? Do you have to share items under seller disclosure that weren't made public to you when you bought your home? Seller disclosure means disclosing hidden material defects - items that the seller knows about but can't be seen with the naked eye.
Want to know how to be a good landlord? For starters, landlords should treat their tenants with respect and courtesy. This renter thinks he's being mistreated by his landlord and wants to know his rights as a renter.
A new homeowner has discovered that their furnace does not work and that the seller was aware of the problem. Most states have what are called seller disclosure laws that require that the seller disclose to a buyer known material defects in the home. The homeowner's may be able to sue the seller for a new furnace.
Home owners wonders how to structure a deal where they sell their home to their daughter for a price less than value of the property. They must first determine if the transaction is a gift or a loan and how to deal with the IRS. If it is a gift, they need to talk to an estate planner to determine how to structure the transaction without triggering gift taxes that may be required to the IRS.
Selling your home by owner has serious cash-saving incentives. But selling by owner can be problematic, and you have to be well-prepared for the process. It easier to sell by owner when there is tremendous interest in living in your neighborhood.
When you sell your home you may face a mortgage prepayment penalty if you still have a mortgage loan. In addition you may have to pay taxes on the profit from the sale. To determine the best way to structure a real estate sale when you have a mortgage loan with a prepayment penalty you should contact a real estate attorney and accountant.
A couple is interesting in selling a house. They left the house four years ago and their son now lives there. What's the best way to sell the home and share the profits with their son?
For sale by owner is one way to try selling property. When you choose to sell your property for sale by owner, you don't hire a real estate agent to help you. The buyer and the seller can save 6 percent commissions that would otherwise go to a real estate agency. But who gets the for sale by owner commission savings? A buyer of a for sale by owner property should not enter the transaction expecting to get a lower price.
Is buying and selling property without an attorney or agent possible? When purchasing real estate, you're better off having an attorney who knows the process, state requirements and what documentation is needed. Most real estate attorneys charge just a flat fee to assist you with the purchase or sale of a home from beginning to end.
What's important when selling your home? Some things you can do when selling your home include fixing the small things; not lying about the home's condition; and choosing an agent who matches your home-selling temperament. Here are five more great suggestions for selling your house.
