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.
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 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.
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.
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.
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?
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.
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.
When you're buying or selling a home, you want to get a comparative market analysis so you know the property value. In a comparative market analysis real estate agents compare the value of your property with that of similar properties. CMAs are used to determine at what price to list a property for sale. Learn about comparative market analysis from this Expert Real Estate Tips video.
A real estate agent typically represents either the buyer or the seller. But if a listing agent brings the buyer to the table, that real estate agent is now a dual agent. What is dual agency? How can you protect yourself if you find yourself working in a dual agency situation. Check out this new ExpertRealEstateTips video for the answer.