Can You Back Out of Selling a Home?

Thursday, February 20th, 2020

It’s best to be completely sure about selling before taking the plunge to put a house on the market—obviously. And while it doesn’t happen often, a seller sometimes wants out of an agreement. Deciding to keep a home is not a decision that should be taken lightly. 

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Congrats! Your house is selling for substantially more than you paid for it! That’s a good thing… or is it? The IRS may want a chunk of the profits in the form of capital gains tax. There are some scenarios when selling a home will generate a tax liability. But there are ways that homeowners can avoid taxes of home sales. 

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After the real estate bubble burst in 2008, it seemed like foreclosed houses could be found in almost every neighborhood across the country. The number of foreclosed homes reached an all-time high in 2010 but has steadily decreased each year since. Nevertheless, as long as there have been mortgages, there have been people unable to pay them. Buyers can get a bargain buying a foreclosed home. But if they’re not cautious, they can get more than they bargained for.

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You’ve made the decision to sell your home and you want to do it fast. Selling a house is stressful, and every day it’s on the market can ramp up the anxiety. You just want it done so you can move to your new home and get on with your life.  

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The heart of the home is the kitchen—and buyers are eager to fork over for a showpiece.

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What Not to Do When Selling Your Home

Friday, February 22nd, 2019

Selling your home can be one of the biggest steps you’ll take in your adult life. You could be upgrading from your starter home, interested in a new neighborhood, or even just needing a change in life. But before you put your living space on the market, invest a proper amount of effort into the task at hand. Utilize these 6 tips on what NOT to do when selling your home.

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Buying or selling a house is both exhilarating and overwhelming. With change on the horizon, you may be wondering what you need to do first to help you land your dream home in an ample amount of time. It isn’t unusual for homebuyers and sellers alike to go online to search for their next home or see what their current one is worth; often, Zillow is one of the first sites visited.

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