Pricing your home correctly is crucial when you’re ready to sell, but it’s not always easy to determine the right asking price. It’s quite easy to overprice your home without realizing it. While you want to maximize your return, overpricing can lead to a stagnant listing and potentially less money in your pocket. As a […]
The National Association of Realtors (NAR) recently changed their policy and shifted the dynamics of buyer’s agent compensation, prompting sellers to reconsider their strategies. Several buyers, especially first-time homebuyers, struggle to cover additional costs beyond the down payment, closing costs, etc due to limited savings and other expenses associated with purchasing a home. Mortgage lenders […]
Congratulations on your offer being accepted! In many cases, you may have a provision in your sales contract for a satisfactory home inspection. You’re one step closer to owning your dream home. Now is the time to choose a home inspector to take a closer look at the property. Inspectors are thorough and in some […]
I’m sure you’re aware of online estimate sites such as Zillow, Realtor.com, Redfin, and Homes.com. There are many others but those are key players in the world of online estimate sites to get an estimate on what your home is worth. Those sites are very convenient to use (enter your address and in most cases […]
When you’re dealing with the world of real estate transactions, it might cause some hesitation to decide upon using a friend who happens to be an agent to sell or purchase your home. There could be concerns such as how professional relationships may impact their personal connection which might weigh on a person’s mind. There […]
Regardless of whether you’re entitled to $250,000 or $500,000 of exclusion when you sell your home, prices have gone up so much in the past two years, you may be approaching the limit where you might have to pay tax on the excess when you sell. Any improvements you have made to the home during […]
First – what is an appraisal gap? Quite simply, it’s the difference between “the fair market value determined by an appraiser and the amount you agreed to pay for the home.” It doesn’t mean that you have to cancel the sale, but it does mean some negotiations will probably be happening And, an appraisal gap […]
Selling your home involves many decisions – some easier than others. Sometimes, those decisions can cause an owner stress or procrastination. Early in the process, the owner will have that opportunity to decide whether to sell their home “as-is” which avoids the issues that tend to loom when selling a home. But, is “as-is” a […]
There are four of the five factors which affect the sale of any home – which owners can actually control. Those are price, condition, terms and the agent you select. The one thing you definitely cannot control is the location of the home – but you do of course have the ability to adjust the […]
Normally, married couples own a home as joint tenant with rights of survivorship. When a spouse dies, the surviving spouse inherits the home and it does not trigger a taxable event. Unfortunately however, the capital gain exclusion is reduced to a single person’s share unless the survivor disposes of the property in the granted time. […]
