Your buyer may have made his offer to purchase contingent upon a satisfactory home inspection. If the inspection reveals previously undisclosed problems or defects, the buyer may withdraw his offer, or re-open negotiations in an attempt to get a discount off the agreed-upon price or to request that you repair the defect.
Keep reading »Listing Your Home
Some homeowners decide to try to sell their homes themselves in order to save the commission charged by a real estate agent. But handling your own sale means you will be responsible for placing ads, answering phones and showing your home to strangers. What’s more, buyers who know you are saving on the agent’s commission…
Keep reading »1031 Exchanges
Why pay capital gains tax on the sale of your rental? Have you ever considered exchanging your rental property in the North for a rental in Florida — one that you can also use for your vacation? What is a 1031 Like-Kind Exchange? Under Section 1031 of the Internal Revenue Code, investment or business property…
Keep reading »Offers, Negotiations and Contracts
hen a buyer is interested in your home, they will make you an offer, in which they will specify the price they are willing to pay along with other details, such as the closing date, making the offer contingent on a satisfactory home inspection or other contingencies, and other details of the purchase.
Keep reading »Preparing Your Home For Sale
When you decide to sell your house, you want to get top dollar. One of the best ways to do that is to fix all those little problems that you’ve let go for all these years — the leaky faucet, the drafty window. You’ll want to clean out the junk, spruce up the yard, clean out the closets.
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