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Sellers: Before You Finalize Your Taxes, Here are 5 Write-Offs
Paying taxes is never fun, but you may be able to find ways to keep a little extra money in your pocket when filing. Keeping tabs on specific transactions related to your home throughout the year can help you minimize your capital gains tax obligation if you happen to make a profit on the sale of your home.…
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What Exactly is a Mortgage Transfer?
With the typical sale of a property, the new owners usually apply for a mortgage to finance the purchase. When the sale is finalized, the new owners begin paying their new mortgage with the set of terms and interest rate that were agreed upon with their lender.…
What Types of Liens Can Cloud the Title on My Property?
Real estate transactions aren’t always free of unpleasant surprises. Sometimes a home inspection will uncover an unknown issue or the buyer won’t be able to secure financing despite being pre-approved.
But there’s another potentially unexpected issue that can arise after an offer has been accepted: property liens.…
Why Should Buyers Sign a Buyer’s Representation Agreement?
Buying a home is a big deal, and buyers are highly advised to have representation when they search for a home and negotiate a deal. Having a real estate agent represent you when making this massive purchase is certainly beneficial for many reasons, but the details of this professional relationship should ideally be outlined in a contract, known as a Buyer’s Representation Agreement.…
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Pros and Cons of Buying in a Gated Community
The thought of a gated community might conjure up visions of ritzy neighborhoods in Hollywood where all the hottest celebrities tend to live. Behind those gates are thought to be incredible homes on amazing lots with fabulous amenities at the fingertips of all who dwell there.…
How to Handle the Final Walk-Through Inspection Before You Close
The final walk-through of a home is your last chance to make sure all is as it should be before you close on the deal. During this crucial visit, you’ll have the opportunity to see if anything has changed from the last time you visited.
You’ll be able to make sure that all aspects of the home are in the same condition as when you agreed to purchase it.…
Is it Possible to Buy a Home With Bad Credit?
Getting approved for a mortgage can be pretty challenging these days. Lenders are rather stringent with their lending requirements and aren’t in the business of loaning out money to just anyone. Nowadays, you’ve got to meet strict criteria in order to get approved for a conventional mortgage, and that includes having good credit.…
