The sale of your house in the Locally area can be a fast and efficient process. It doesn’t have to be the long and drawn out process that so many people dread. Explore the alternative ways to sell your Locally house that can potentially save you time and money. Many people think that they need to hire […]
It is always smart to explore your selling options before selling your house in Locally. In our latest post, find out if a direct sale, an FSBO or hiring an agent is the way to go for you! Many people think that the only way to sell their house successfully is to hire an agent […]
Finding the right buyer for your house in Locally can be a lot of work. Who knows how long it will take or how much they will offer? There are a lot of variables to consider when listing the traditional way. In our latest post, we will help you compare your selling options, helping you […]
Downsizing your home can be beneficial no matter what stage of life you are in. Having all that extra stuff can feel cumbersome and overwhelming. In our latest post, we discuss easy ways to downsize your house without all the stress. With each year that passes, it seems that most of us gain more and […]
Question. My husband recently died of a massive heart attack, leaving me a widow at a young age. I was thrust into a new life status that was not my choice or my desire. I believe I am being penalized for something that has already devastated my life in many ways. We were fortunate to […]
In order to take advantage of the up-to-$500,000 exclusion of gain (or up-to-$250,000 if you file a tax return as a single taxpayer) the house you sell has to be your “principal residence”. Under most circumstances, we do not need a legal definition of this concept. “This is my house, and I have lived here […]
Question. My wife and I are retired and are in our seventies. We have two children, and our house is currently worth approximately $300,000. We purchased the property many years ago for $32,000, and currently have a very small mortgage and a $40,000 home equity loan. We are debating on whether to sell the house […]
Are Millions Of Boomerang Buyers About To Ignite The Real Estate Market? Houston Prime Realty Remember all those people who defaulted on their homes during the last housing crisis? Well, those bankruptcies are about to be discharged, or they already have been, and that means we could soon see an avalanche of homebuyers hitting the […]
Congress is currently talking tax reform. Two very important real estate benefits are on the so-called “chopping block”, either to be completely eliminated or significantly curtailed. It is doubtful that the home owner exclusion of up to $500,000 (or $250,000 if you file a single tax return) of profit will be impacted; there are too […]
Question: The contract I just signed to purchaser a house contained the following language: “If the buyer defaults, the earnest money will be forfeited to the seller. This is to be considered liquidated damages and not as a penalty”. Can you please explain what this means? Beth.Answer: Shame on you, Beth, for signing a contract […]
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