What is a release of mortgage letter? How do I get a release of mortgage letter from my lender? Q: I just read the article regarding the lady that has not received her release of mortgage letter from her lender. If it was my lender, she will not get the release of mortgage until she [...]
How do I avoid capital gains tax on the sale of a second home? This reader sold their second home and wants to know how to reduce capital gains tax. Q: I sold my second home last year. I had owned that home for many years. I bought a new one at a higher price. [...]
What you should know about pocket listings. Who does this real estate market trend benefit most and why is this reader annoyed by it? Q: I’m annoyed with some of the things I see going on in the real estate market, including pocket listings. Sellers should avoid brokerages that list properties internally before they are [...]
How much commission do real estate agents make? Research shows a lack of commission rate transparency and negotiability at traditional real estate firms. Please note that this story has been updated to add in additional information that shows how real estate commissions get split between brokers and the real estate agents who work for them. [...]
For many people, selling their home is generally part of a long-term plan, but occasionally a new opportunity might arise or you may want to change lifestyles and selling sooner vs. later looks like a good idea. Maybe your home has more space than you need or you’re thinking about changing jobs or you see [...]
Five tips that will help you sell your home in the new year. Where to spend a little time and money to prepare your home for sale. News about the revival of the real estate industry seems to be popping up each day. This summer saw a spike in existing home sales, and foreclosures are [...]
When selling a rental home, understand the tax implications of selling the rental home and the 1031 exchange rules if you buy a new home. Q: I was wondering if you would be so kind and clarify something for me. I have a rental home that I have rented out for the past 18 months. [...]
While the winter holiday season of Thanksgiving to Superbowl Sunday used to be dead for real estate, real estate industry observers now say sales drop only slightly. What slows down are the showings, which means that the serious shoppers are out and about. Here are some tips on keeping your home presentable during the holiday season.
