Selling a House - MoneyTips

Listing Agents: What Buyers and Sellers Need To Know

MoneyTips Writer — Mon, 28 Aug 2023 13:44:41 +0000

Most people go into the home buying process knowing they’ll need to deal with real estate agents. But things can get confusing when different types of agents come into play, like listing agents, sellers agents and so on. We’ll explain what a listing agent does and how both buyers and sellers should approach their interactions...

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How To Avoid Capital Gains Tax on Inherited Property

Matthew Jones — Tue, 08 Nov 2022 18:17:44 +0000

Inheriting a home from a loved one can be a gift … and a challenge. There are plenty of ways to put inherited assets to good use, but capital gains taxes may put a damper on your plans. Understanding how capital gains taxes work can help you decide whether to move in, sell the property...

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Pros and Cons of Selling a House As-Is

Jonathan Pressman — Fri, 16 Sep 2022 16:07:13 +0000

You want to sell your house, but you are facing one potentially vexing problem: the mountain of repairs you never got around to in your home. Fortunately for you, some buyers are more than willing to part with their money to buy your home as-is. An as-is clause makes a buyer responsible for all home...

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7-Step Guide to Selling a House for Cash

Jonathan Pressman — Mon, 12 Sep 2022 14:52:55 +0000

Are you thinking about selling your home to a cash buyer? If you’re deciding between an all-cash offer and a financed offer, are you wondering whether it makes a difference anyway? Either way you choose, you’ll still get paid, but selling your house for cash has unique rewards and risks. Some owners want to sell...

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A Seller’s Guide to Pre-Listing Home Inspections

Jonathan Pressman — Wed, 24 Aug 2022 14:34:56 +0000

Selling a home can be complex, and getting to the closing table isn’t always easy. Sometimes, a home sale closes without a hitch. But other times, there can be a whole host of unpleasant surprises. As a homeowner, there are things you can do, before listing your home for sale, to help pave the way...

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What Is the Real Estate Gift Tax and How Can I Avoid It?

Jonathan Pressman — Wed, 24 Aug 2022 14:15:16 +0000

Giving someone the gift of real estate can be a great way to show your love and keep a house in the family. But gifting property can have certain tax implications, like the federal gift tax. If your parents, grandparents or anyone else wants to give you a house as a gift, they’re entitled to...

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Rent-Back Agreements: Pros and Cons for Buyers and Sellers

Andrew Paniello — Tue, 16 Aug 2022 15:19:27 +0000

They say real estate is all about location. Well then, moving is all about timing. If you are in the process of selling your home, you are also likely in the process of buying a new one. Perfectly lining up the sale of your home with the purchase of a new home can be tricky....

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What to Know When Gifting a House

Jonathan Pressman — Wed, 06 Jul 2022 14:33:08 +0000

If you own real estate, your home is likely one of your most valuable assets. At some point, you might start to wonder if you can give property as a gift. The answer is yes. If you own property, you can give it as a gift to a loved one, friend or even a charitable...

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Seller Financing: Everything You Need To Know

Andrew Paniello — Thu, 30 Jun 2022 17:56:05 +0000

While many homeowners will go through a traditional lender to finance their home, it’s not the only option available. Seller financing can provide potential benefits to home buyers and sellers alike. Seller financing, or owner financing, is a home buying process that lets the potential home buyer buy directly from the current homeowner. Seller financing...

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How To Make a Virtual Tour That Sells Your Real Estate in 8 Steps

MoneyTips Writer — Fri, 24 Jun 2022 20:34:44 +0000

You’re selling your house, but potential buyers may not want to attend an open house or even a private tour of your home. On the flip side, you may want to avoid devoting time and energy to preparing for in-person tours or scheduling them. And finding someplace else to be while your home is being...

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How Long Should You Live in a House Before Selling?

Rachel Rose — Thu, 16 Jun 2022 20:51:09 +0000

You spent years building up your credit profile and saving a down payment to buy a home. Now that you’ve moved in, you may be thinking about selling to take advantage of a hot market, accept a job in another city or move closer to a friend or family member. But is that a smart...

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How To Determine if You Need a Bigger House

Jonathan Pressman — Thu, 09 Jun 2022 18:14:33 +0000

Homeownership is usually a lifelong journey. For many people, sizing up happens over time as families and budgets grow. If you’re thinking about moving from your current home into a bigger home, we’ll help you determine whether it makes sense and what factors you should consider along the way. What Are the Signs You Are...

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