Selling a home can be a complicated process without the right help. You need to make sure your house is in the best condition and you receive a fair price for it. Whether you’re selling yourself or using an agent or broker, look here for more information about how to sell your house effectively.
National Association of Realtors Settlement: Our Take
National Association of Realtors Settlement: Our Take Is massive change coming to the real estate industry? It’s unlikely. Will sellers drop their listing price because they’re no longer responsible for paying the buyer’s side of the commission? Almost certainly not. Will it be cheaper for buyers to purchase a home? We doubt that, and it [...]
Should I Sign the Seller Disclosure if I Have Unanswered Questions?
Should I sign the seller disclosure if I have unanswered questions? Before you sign on the dotted line, consider the worst case scenario for each concern. Q: I purchased an older home in northern California earlier this year. We signed off on disclosures at the time of our purchase. We had a number of unanswered [...]
Rising Home Prices Might Be Unsustainable In 2017
Home prices are rising fairly dramatically, but those eye-popping increases could be unsustainable in 2017. According to the S&P/Case-Shiller index, home prices rose 5.8 percent annualized gain in December, a pretty dramatic increase, even as mortgage interest rates rose. Housing experts say that as the cost of buying a home accelerates, you shouldn't be seeing [...]
How Would You Sell an Expensive 2nd Home in a Gated Community?
Brian has a home in a gated community in Signal Mountain, TN. He hasn't had a lot of luck marketing the home (could be the location, price or conditio...
What Real Estate Agents Should Do Before Listing a House
What should an agent do before listing your house? They should make multiple visits to the house and create a market analysis. Good agents will give tips on how to improve the marketability and enhance the house for sale. Real estate agents should discuss the location, condition and give other tips and recommendations. Watch this Expert Real Estate segment for more information on what real estate agents should do to prepare a house for sale.
Can Mortgage Lender Get Tax Deduction?
If you become a mortgage lender to a home buyer can you take a tax deduction? Generally no. Mortgage related tax deductions may be taken by home owners or home buyers, not home sellers or mortgage lenders. Try consulting an IRS publication or a tax advisor to find out more about mortgage lenders and tax deductions.
Does Seller Disclosure Include Homeowners Association Assessment?
When a home seller sells a property the seller must disclose hidden facts. Do these disclosures include homeowners association assessments? A buyer complains about an upcoming homeowners association assessment for street repairs and asks if he has recourse since the disclosure wasn't made.
Financing Contigency For Home Buyer’s Financing
Most home sale contracts include a financing contingency, in case the buyer's financing falls through. Financing contingency sets a time frame for the buyer to find another lender. What options do the listing agent and the seller have when a buyer does not meet a financing contingency deadline?
Home Buyer Wants Seller To Pay For Waterproofing
A home seller disclosed a basement water problem before closing on her home. The buyer now wants the seller to pay for waterproofing the basement even though the problem was disclosed. Most states have a seller disclosure law for residential real estate transactions that require a seller to disclose to a buyer defects or major problems with a home.
Water Damage: Seller Disclosure Issue?
When it comes to proving disclosure fraud, the buyers have to prove that the sellers knew or should have known about the problem. This recent home seller's buyer claims he knew about the potential for water damage and should have mentioned it as part of seller disclosure prior to the home sale. The home seller says he had minimal water damage while living in the home and wants to know how to interact with the home buyer concerning the issues of water damage and seller disclosure.