Your builder may promise a 10-feet-deep swimming pool and a community playground but if you don’t get that promise in writing, don’t be shocked when it doesn’t materialize. Buying from a builder may be one way to get your dream home but even the savviest homebuyer needs to be cautious, especially if you’re buying without [...]
It's better to inherit property from your parents or family members rather than receiving it through a quit claim deed. The tax implications of receiving a property through a quit claim deed are much greater than inheriting a property. When estate planning, it's better to put the property in a will or trust, rather than transfer the property through a quit claim deed.
Everybody is looking for a quick sale of their property. If a homeowner can't sell using normal real estate channels, then maybe non-conventional sales can be effective. You can try to use a real estate broker to sell your property, but if you have tenants in the property, you might try to see if they are willing buyers of your home. If they are, you can sell them the home outright or you can decide if you want to sell it to them by other means. One way to entice a tenant to buy the home is to offer them a lease with an option to buy the home. Another way to sell the home to current tenant is to offer them seller financing. The financing can be either by using a mortgage or by selling them the home on an installment basis.
Seller closing costs generally come as a surprise to home sellers, particularly when home sellers find out that they’ll have to pay anywhere between 2 to 7 percent of the sales price in fees and costs. Here's an updated list of closing costs you may incur when you sell a house.