Related News Items
Will I owe taxes when I sell my house?
Thanks to the Taxpayer Relief Act of 1997, many home sellers no longer owe taxes on the gain they make when they sell their house. Married taxpayer...
Is Chicago Housing Overvalued?
A recent disturbing (or non-disturbing depending upon which "side of the fence" you are on) study shows Chicago area housing may have valuation pro...
Selling on Your Own / For Sale By Owner?
Selling your home, condo or town home on your own can be a daunting task and requires professional guidance. For example, a homeowner's first ...
Real Estate Agents, Lenders, Appraisers & Home Inspectors: ARE BUYERS WASTING TOO MUCH OF YOUR TIME?
PREQUALIFY, PREQUALIFY, PREQUALIFY. It cannot be said enough times that no matter if you are dealing with a buyer and/or seller, the buyer should s...
Not a First Time Buyer?
HIRE AN ATTORNEY FIRST! Unless you are a real estate "guru," and have dealt with numerous real estate transactions in your life, there are simply f...
First Time Buyer?
HIRE AN ATTORNEY FIRST! Most buyers (and not only first-time buyers) make the crucial mistake of finding a home they like and "running" to the firs...
What Should Sellers Look for in Hiring a Real Estate Agent?
MARKETING SKILLS, MARKETING "SUPPORT" AND EXPERIENCE. There are numerous factors to consider in hiring a real estate agent (or a "team" of agents w...
Should Sellers Hire a Real Estate Agent?
We often say YES! There are simply far too many unscrupulous buyers and unique situations in which you can quickly find yourself in trouble-and, mo...
When should I sell my house?
Too many people sell their house at the wrong time, or are in too much of a hurry. Basically, you want to sell when you're ready and there&apo...
How do I set the selling price for my house?
The key thing to setting a price is determining how much your property is actually worth on the market -- called "appraising" a house's value....
Qualifying for a Mortgage
Here's the formula banks use to determine how much mortgage you can afford: How Much House Can You Afford? As a broad generalization, most peo...
Bridge Financing: How to Own Two Houses Briefly
What if you're unable to perfectly dovetail the sale of one house with the purchase of another? You may own no houses for a time, in which cas...
Trading Up: Tips for Selling Your Home and Buying Another
How not to get stuck paying two mortgages. If you plan to sell your home and buy another, which should you do first? If you sell first, you’ll be...
Sellers: Be Sure to Disclose All Information--And Promptly!
When buyers request information about your association such as budgets, the rules and/or regulations and/or any other information in the 9 "categor...
Buyers: Be Sure to Demand All Info
When determining whether to proceed on a purchase of a condo or townhome, buyers should always demand the information from the seller's associ...