- What Is Due on Sale Clause in a Real Estate?
A due on sale clause is a condition in a mortgage agreement that mandates full repayment of the outstanding loan balance if the property changes ownership. This provision safeguards lenders by ensuring that a new buyer cannot take over the existing mortgage under terms that may differ from those originally agreed upon. Common in residential… read more…
- I’m Selling My House and Netting $675k to Downsize for Retirement. How Can I Avoid Capital Gains Taxes?
It’s often said that buying a house is one of the best investments you can make. And, just like any investment, it comes with tax issues. With an investment like stocks or bonds, the profit you make when you sell your holdings – minus the initial investment and any expenses that comprise your tax basis … read more…
- How to Sell a House During a Divorce
Divorce is a challenging and emotional time for anyone, and the process often involves making significant decisions about personal and shared assets. Selling a home during a divorce can be a practical option for many couples, allowing them to liquidate their most significant joint asset and move forward separately. However, the process will require you… read more…
- How to Sell Your House in 10 Steps
Selling your home is a process rather than a single event and the journey proceeds in stages. It starts with deciding when to sell and ends with cashing the check for the net proceeds, the many tasks required to sell… read more…
- How Much Does It Cost to Sell a House?
Selling your house is a major financial transaction. Whether you’re downsizing, upgrading or moving for another reason, you need to know what to expect. After all, you want to get the most you can out of your investment, and part… read more…
- Definition of a Seller’s Market
If you’re shopping around for a home, you may be wondering whether this is a seller’s market, which favors homeowners over homebuyers. Let’s break down the characteristics of a seller’s market and what you need to look out for when… read more…
- Determining the Adjusted Basis of a Sold Home
Selling a home can put a large sum of money in your pocket but there’s one important thing to consider: Taxes. Whether the sale of a home is taxable or not can depend on the amount of the gain realized and the property’s adjusted basis. The last thing you want is to get hit with… read more…
- How Does Seller Financing Work?
Competition in the current housing market is stiff. Low supply and high demand are just two factors complicating the home search for many prospective buyers. Not only that, but qualifying for a traditional loan can be difficult. One option outside the… read more…
- Pros and Cons of Seller Financing
Qualifying for a mortgage isn’t easy. Some lenders have strict requirements and weed out applicants with poor credit or too much debt. A possible alternative for those determined to buy a house is something called “seller financing.” This process, as… read more…
- How Long Does It Take to Sell a House?
How long does it take to sell a house? It depends on where you live and what’s happening in your local housing market. If it’s a seller’s market, home sellers will have an advantage. There will be lots of buyers… read more…
- Can You Sell Your Home Before Paying off Your Mortgage?
Do homeowners sell their houses before paying off their mortgages? Turns out, it happens more often than you may think. After all, most mortgage loan terms last for 30 years and few homeowners stay in their houses for that long.… read more…
- 6 Apps That Can Help You Sell Your Home Faster
If you’re having trouble selling your house, the solution to your problem might literally be in the palm of your hand. Anyone with a smartphone has unlimited access to a treasure trove of apps and some of them can help… read more…
- Why Sellers Should Offer Rent-to-Own Contracts
Owning property is often seen as a landmark of adulthood, indicating prosperity and fiscal responsibility. Unfortunately, down payments, closing costs and loans are expensive and not everyone can afford the fees associated with home ownership. However, some properties can… read more…
- The Hidden Costs of Downsizing Your Home
With shrinking savings, and retirement incomes failing to keep pace with inflation, older Americans are looking for alternative ways to save money and increase their cash flow. In many cases, they are also looking for ways to simplify their lives.… read more…
- 5 Cheap and Easy Ways to Boost Your Home’s Value
If you’re planning to put your home on the market, it pays to make sure you’re maximizing your equity. Taking on a large-scale remodeling project can boost your home’s value and make it more appealing to buyers but it can also break the bank if you’re not careful. Instead of spending thousands on major home… read more…
- Selling Your Home to a Veteran? These Are the Fees You Must Pay
The Department of Veteran Affairs created the VA loan program to help veterans and their families buy homes. One of the advantages for the veteran is that the VA limits the number of fees the lender and title company are… read more…