Every real estate transaction requires negotiation. Many factors are written into a home purchase contract, such as price, terms, dates for the home inspection, appraisal and closing, moving dates and what personal property will be included or excluded from the sale. In coming to terms on these issues, the needs of the parties involved are likely to conflict at some point. The ...
Traditionally, ARMs (Adjustable Rate Mortgages), also called "exotic mortgages" have been used by experienced investors or wealthy homebuyers, who know how to take advantage of the initial savings of an ARM. But in the last few years, lenders have offered them to just about anyone looking to buy a home. This practice has caused serious ...
Houses Show Best With Absent Sellers
You just received a call from a Realtor who wants to show your house later in the day. You hurry around doing last-minute cleanup before the agent arrives with the client. When the house is ready, what should you do? Relax and allow your real estate agent to do what you hired them for!
It is difficult for an agent or a prospective ...
Lately, the news has been focusing on a five year low in existing home sales, the difficulties in the sub-prime mortgage market, and "jumbo" loans. One would think the whole world of residential real estate is crashing, but that is not true. The national statistics are just that, "national," and they reflect conditions in ultra high growth markets where builders have over expanded. He ...
Do I Pay Taxes On Sell of My Personal Home?
One of the principal features of The Taxpayer Relief Act is that Uncle Sam takes less of the profits on your investments. If you plan on selling your home and think that you will make a substantial profit, there is even more good news!
The Jobs and Growth Tax Relief Reconciliation Act of 2003 lowered the capital gain ...
Most people know that a spotty credit history can disqualify you for a home loan. Making monthly payments on credit cards charged up to the limit can do the same thing. But what most people don't know is that merely having a large number of credit cards, even with low balances and a history of timely payments, can disqualify you for a home mortgage loan just as quickly.
Accordi ...