Can a home be sold for less than its mortgage?
Sometimes. But it is a complicated process and a lot will depend on the lender. This process is called a ...
If faced with foreclosure, what are my options?
Talk with your lender immediately. The lender may be able to arrange a repayment plan or the temporary reduction or ...
What about repairs made to get the home ready for sale?
If you realize a taxable gain after you sell your home, even with an exclusion, you can reduce your gain ...
What does a buyer’s agent do?
A buyer's agent represents the buyer exclusively. This means he works to protect your interests in the transaction and helps ...
What can I expect from a good real estate agent?
Competence, efficiency, and ethics. According to the All America's Real Estate Book by Carolyn Janik and Ruth Rejnis, good agents ...
How do you decide whether to add on to an existing home or purchase a new one?
There are a few things to consider, including cost, individual needs, and what will add value down the road. Also ...
What is the first step to buying a home?
Make sure you are ready---psychologically and financially. Ask yourself the following questions: Do I have steady income? Is my debt ...
Are home selling costs deductible?
If you sell your home and realize a taxable gain even after the exclusion, you can reduce your gain with ...
Can I deduct a loss on the sale of my home?
No. A loss from the sale of personal-use property, such as a home or car, is not deductible. They are ...
How do capital gains work when you sell your home?
If you sell your primary residence, you may be able to exclude up to $250,000 of gain - $500,000 for ...
Frozen Lockboxes: Tools and Strategies for Deicing Before a Showing
A truly blistering winter can freeze up locks, both lockboxes and locks on the doors themselves, so it can pay off to have a fast-acting solution. Read more.
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