Thinking about selling your home to a family member? Get a home value estimate first to double check your home's real market value. Q: Our parents left their home to me and my two sisters. The home is located in Oklahoma and was appraised at $49,000 three years ago. The home has a mortgage with [...]
During your home closing keep a copy of mortgage lender's good faith estimate handy. For home closing tips, check out today's Real Estate Minute. Whether you’re buying or selling, you must keep a paper trail of the transaction, or you could get into big trouble. To keep your mortgage lender honest during your closing, keep [...]
If you decide to sell your home without a real estate agent, then you should consider using a multiple listing service to sell your home. Q: I have finally had it with real estate agents and have decided to use a for sale by owner (FSBO) web service. The company offers a few different options [...]
If you're having trouble selling your home, don't blame the real estate agent. It could just be the real estate market in your neighborhood. Q: I’ve been trying to sell my house for the past few years and have hired and fired a bunch of agents because none of them was able to find a buyer. [...]
Selling you home in a short sale: Is a short sale worth it? A short sale can affect your credit, but you get a break from the IRS in 2013. Q: Our daughter and son-in-law are looking into using a company that sells new homes but agrees to lease your current residence for six months. [...]
If you’re thinking about buying or selling a house soon, you’ve likely heard talk of “buyers’ markets” and “sellers’ markets.” Simply put, a buyers’ market occurs when there are more homes for sale than available buyers. Conversely, in a sellers’ market, demand outstrips supply. In 2013, should the fragile housing recovery proceed as most experts [...]
Are you selling a house without a Realtor? Seller financing and selling a home without an agent has its cost and benefits. Q: I appreciated your article on the advantages and disadvantages of holding title to a home in a limited liability company (LLC). I have a house in Maryland that is valued at around $350,000 [...]
If your loan modification is not enough, you might want to sell your home and find a more affordable home. Q: The good news is that we got a loan modification. Unfortunately, the amount is now too high because my husband's income has decreased. My income is just enough to cover our house payment and [...]
If you can't afford your mortgage, you should try to sell your home in a short sale. Q: I live in Georgia and have a house that I bought last year. Unfortunately, I can’t afford the house any longer. I’m not sure what to do. Should I do a short sale or should I just [...]
What does the coming year promise for residential real estate investing? Will it be a good time to try your hand at buying a foreclosure and renting it out? Will rising home values be a positive or negative factor? Where will the best markets be for investors? For investors, who account for one out of [...]
