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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

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

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

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

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

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

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

Although becoming a homeowner is an investment in the future, it can come with some financial challenges. Changing home values, property taxes, interest rates, insurance costs, and many other factors can affect your budget when you own a home. These hidden costs are often surprising to first-time buyers. Unforeseen circumstances could force you to sell … Continued