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multiple listing service

MLS House Meaning

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The MLS, or multiple listing service, is an old concept in which competing brokers share information about properties they want to sell. Similar systems existed as far back as the nineteenth century. The National Association of Real Estate Exchanges, which later became the National Association of Realtors, supported using this system as far back as … Continued
house pricing

How to Price a House for Sale

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How you price your home impacts potential buyer interest, directly affecting how long it takes to sell. Learn how to price your home, including where to get data and how to calculate an accurate price point. This guide also reviews a few common pricing strategies, including the pros and cons of each available option. Finally, … Continued
home inspection

What Happens After Home Inspection?

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Whether you are buying or selling a house, the condition of the property matters. Taking care of a home is a lot of work, and with so many components that can break down or become inefficient, homeowners must invest in their properties to maintain them.  It is estimated that homeowners spend roughly 1% of the … Continued
for sale by owner house

How Much Does It Cost to Sell a House by Owner?

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Millions of Americans strive for homeownership, an accomplishment often included in the concept of the American Dream. There are numerous benefits to homeownership, such as building equity, potential future profits, the freedom to make changes, and independence.  Buying a home is a complex process, and selling that property is no different. When you sell a … Continued
keep house in a divorce

How to Keep the House in a Divorce

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During a divorce, couples must divide the assets acquired during the marriage. Many spouses share enough assets that outside mediation is needed. Who maintains home ownership is among the most common disputes. Use this guide to learn more about the divorce process and how Texas handles the equal division of property assets. We’ll also review … Continued
encroachment

Selling Property With Encroachment

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When purchasing a new home, buyers expect full and undisputed access to their property. Any disputes involving property lines or land use can present an issue. This means sellers with encroachments should consider their resolution options before listing the house. This guide reviews what an encroachment is, the different types, and how to identify and … Continued
positive and negative

Is Home Ownership Worth It?

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Buying a home is one of the biggest purchases you can make. A home offers stability, sanctuary, and financial benefits, like helping you build wealth if you are prepared to cover the costs. The real estate industry also plays an essential role in the greater economy, affecting the stock market and other crucial indicators.  However, … Continued
suing someone

Can Seller Sue Buyer for Backing Out?

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If you are a homeowner, you may consider selling your house in the future. Selling a home is a complicated process, but it can be very rewarding. The longer you have lived in the house and made mortgage payments, the more equity you own.  As long as the property’s value has increased during your time … Continued
hoa fine

Can HOA Fine You?

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If you live in an HOA community, you must follow HOA rules determined by an HOA board. Can an HOA fine you if you don’t? Unfortunately, if you do not comply, it may impose fines and force you in several ways. In this article, we will explain what happens when you commit an HOA violation, … Continued
house sale income

Does Selling a House Count as Income

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Selling a home doesn’t count as income on its own. However, selling it for a profit may subject you to capital gains tax. You must report the sale to the IRS, but there are several things that determine how much tax you owe. For example, whether you qualify for a partial exclusion, file a joint … Continued
find a home

How to Find Short Sale Homes

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Real estate investors look for short sales to acquire homes for lower prices, often with excellent deals. In this article, we will explain short sales in detail, share strategies for finding these deals, and offer some tips for potential buyers, such as loan modification and making sure a website has up-to-date information. What is a … Continued
bidding war on house

Bidding War on House

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A competitive market can lead to a bidding war when multiple home buyers compete against one another to submit the highest offer price. Bidding wars are common when housing inventory is low. Learn what a bidding war is, how it may affect the sales process, and a few tips buyers can use when navigating one. … Continued
no sales

What Stops a House from Selling

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The selling process can be excruciating and take months, and if the home does not sell, it can result in frustration and financial loss. Several things can hinder the selling process, like curb appeal, natural light, or your furry friends.  In this article, we will discuss pricing strategies, staging, the house’s condition, and other things … Continued
counteroffer

What Is a Counter Offer in Real Estate?

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When a seller responds to a purchase offer, they may accept it or reject it in entirety, or they may submit a counter offer. Real estate counter offers allow sellers to make a revised offer, often proposing a different price or contingency terms. Use this guide to learn about counter-offers in real estate, including why … Continued
old roof

Selling a House With a 20-Year-Old Roof

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Selling a home can be both stressful and exciting. You may be worried about securing a great deal from a buyer, but you are excited about earning a profit from years of equity and purchasing your next home.  Depending on the home’s market appeal, and if it’s currently a competitive market, you could make thousands … Continued
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