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The Seller-Financed Home Sale: Weighing the Risks and …

Details: Lease agreement or rent to own. The seller asks for an upfront fee, to sell the property later, with the rental payments partly or wholly directed into the home purchase. outstanding debts, liens and encumbrances as needed for a valid sale. Local property tax statements. The seller should give the buyer a copy of the most recent statement

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The “House Hacking” Trend: When a House Is a Rental

Details: The “House Hacking” Trend: When a House Is a Rental Property Too. House hacking is the art of making a primary residence out of an investment property, having rental income cover the homeowner’s costs. Millennial Money calls it a way to “use other people’s money (tenant rent) to pay down the mortgage and live for free.”.

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Check on That Empty House.

Details: The most recent full-year report from the FBI lists 11,578 real estate and rental scams in 2021, amounting to $350,328,166 in losses. Sleazy internet users are finding …

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House Hacking. It’s One Way to Buy—But Know the Risks

Details: And, well, because it beats renting, and paying an apartment company every month. Bonus points for property appreciation and real estate tax deductions for a rental

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Buying a Home From Out of State

Details: If you’re buying a home from out of state, renting for 6 to 12 months before putting a deposit down on a house gives you a major advantage. If you’d rather avoid dealing with a …

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Residential Real Estate Investors: Truths and Myths

Details: NAR went to the most competitive real estate markets and looked through the 2020 and 2021 deed records. The findings tell a story of companies depleting inventory in 31 …

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Buying Versus Renting for Active Adults

Details: They might be perfectly happy to sell their real estate, let go of homeownership, and enjoy the lifestyle options that come along with renting a house, condo, or apartment in …

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Owning a Home Today Is More Affordable Than Paying …

Details: Yet in August 2021, REALTOR.com® found that it’s cheaper for renters to buy a starter home in nearly half the largest metro areas. The U.S. median rent had surged nearly …

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OMG These Unbearable Housing Costs

Details: Across the United States, rent hit another all-time high in early 2022, with the median one-bedroom up 12%, and two-bedroom rent up 14% in the span of just one year. …

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Property Tax Assessments Rising Again in 2022-2023

Details: The real estate valuation surge has continued into 2022, as appraisals keep trending up. Sheridan County homeowners got their latest property assessment notices in …

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How to Do a Home Sale Between Family Members

Details: Purchasing the primary residence of a family member, fiancé, or domestic partner. Purchasing from a landlord or family member after living in the home at least six months. An …

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Social Media Real Estate Scams

Details: The three are accused of perpetrating real estate fraud crimes in the city of Homestead and in Miami-Dade County. And check the regular listing sites, because real …

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Creating Affordability: Deed-Restricted Workforce Housing

Details: Using any space in the homes for short-term rentals is off-limits. (The Affordable Housing Department may even come over and inspect a deed-restricted home as part of the …

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For Home Sellers: Capital Gains Tax 101

Details: If your home sale brings a profit under $250,000 (or $500,000 for a couple filing jointly), you owe no capital gains tax. For profits over that exclusion threshold, look at your …

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Real Estate Markets in the Second Half of 2021: Bull and

Details: Bearish Sign #2. Real Estate Is Already Overvalued. Owners have built up a lot of equity in their homes over the recent few years. Today’s surging home prices are making …

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Tax Deed Sales: Buying Homes by Paying Other People’s Taxes

Details: First, the benefits of this form of investment: The tax deed sale offers a way to bid on a property — either to fix and flip, sell as-is, or keep as a rental property. When …

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The Mansion Snatchers

Details: The arrested squatter brandished a quitclaim deed, claiming ownership of the home. The deed indicated that the deceased couple who owned the home had sold it, …

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Virtual Real Estate: Buying a Piece of the Metaverse

Details: Investor buyers find virtual properties for sale on the platform’s marketplace, where the parcels might fetch anywhere from a few thousand to a million dollars. Yes, the …

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Pennsylvania Tells Companies: Hand Over Deeds to 285 Ripped …

Details: In a Allegheny County court ruling issued in November 2021, corporate landlords were ordered to deed 285 Pittsburgh-area homes to their renters. The companies are fighting …

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The Land Trust Approach to Affordable Housing

Details: The Colorado Community Land Trust is a leader in the movement, and Denver’s Urban Land Conservancy took up a parallel project focused on 92 condo units. Yet the largest …

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Buying a Tiny House: A Brief Guide

Details: While the typical home purchase now runs considerably more than 200K, the price of most tiny homes is in the five figures. Note that home loans can start at $50,000, so not all …

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Protect Your Safety When Buying a Home

Details: Lock your car. If you’re using valet parking, separate your car key from the others so you don’t hand over the keys to your home. Pro Tip 6. When Touring, Avoid Oversharing. …

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Buying or Selling Your Home in 2021

Details: Now, Zillow is meeting the customer demand for 3D floorplans. With a floorplan overlay on the screen as a focal point, the new feature offers 360-degree panoramas of …

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Zillow Quits iBuying for Good. A Message for the 2022 Home …

Details: Property Tech News Flash. So, the last time we wrote on this topic, Zillow had put Zillow Offers TM on hold, planning to re-enter the iBuying arena in 2022. Since then, Zillow …

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Louisiana Real Estate Deed Forms

Details: A real estate deed in Louisiana is often referred to as an Act of Sale. Individuals of a legal age can enter into a conveyance of real property in Louisiana. Property in Louisiana is either …

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The Sweet New York Condo Tax Deal

Details: The provision, NYS Real Property Tax Law §339y, was enacted in 1964. At that time, the stage was set for New York City apartment buildings to be converted into units for …

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Guide to Selling an Inherited Home

Details: If you live in the home more than two years, you may qualify for the capital gains tax exclusion when selling your primary residence. That’s up to $250,000 in profit (that is, the …

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Georgia Probate and Real Property

Details: Deeds of assent or distribution are exempt from real estate transfer tax (OCGA § 48-6-2). Personal representatives have a statutory power to “sell, rent, lease, exchange, or …

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Medicare and Medicaid: Can They Take Your Home

Details: A lien provides the right to take property to resolve an unpaid debt. Most people are familiar with liens on homes, especially the mortgage lien. After a lien is recorded by a …

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Does the Government Seize People’s Homes

Details: It is government seizure of private property. The property is taken with proper compensation to the owner, but without the owner’s consent. Under the Fifth Amendment to …

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Washington State Deed Recording Fees Just Went Up. Here’s Why.

Details: To pay for the initiatives, state lawmakers approved the $100 hike in county recording fees through House Bill 1277. That measure alone should bring in $300 million over …

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How to Prove Ownership of Real Estate

Details: This proves you own the property and that you paid off the loan. If any other liens surface in a title search, request statements of the lien settlements. Pro tip 1: Check your …

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Five Top Benefits of Owning a House or Condo

Details: People buy houses to fit their circumstances in life, and sell when their situations change—not when their home values reach the perfect peak. Bottom line: Unless you’re …

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Hot Tips for Tax Season — And for Hopeful Homeowners

Details: If you itemize, you can also deduct up to $10,000 on Schedule A of your tax return (or $5,000, if married and filing separate returns) for your combined state and local taxes — …

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Can the Shift to Remote Work Turn Renters Into Homeowners

Details: Florida’s real estate industry is, in turn, targeting young professionals by blending resort-style perks with home-office design, and ample, well-equipped co-working areas. …

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