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Buying a House That Is Easy to Rent

Details: A potential tenant who needs a 2-bedroom home might be tempted to pay a little bit more for a 3-bedroom home, but a tenant who needs 3 or more bedrooms will not rent a 2-bedroom house. The best resale value is also often found in homes …

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The Best and Worst Places to Find Homes for Sale Online

Details: A real estate agent's own website, for example, will not direct you to a competing real estate agent, but many national websites of homes for sale …

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The Best Advertising Words to Sell Your Home

Details: Elizabeth Weintraub is a homebuying, home loans, and mortgages expert. With more than 40 years of experience in real estate, including areas …

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How to Find Multigenerational Homes

Details: The Best Way to Find Multi-Generational Homes Your best bet to find a variety of options suitable for multigenerational housing is to find an experienced real estate agent to assist. You can search for homes …

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Finding Home Selling Sites Online

Details: Almost every home buyer who has an Internet connection starts out searching for a house on home selling sites online. Statistics tell us that more than 9.5 out of every 10 home buyers are looking on the Internet: checking out competing inventory and putting together lists of homes …

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Should You Fix Up Your Home or Sell It As Is

Details: Elizabeth Weintraub is a homebuying, home loans, and mortgages expert. With more than 40 years of experience in real estate, including areas such as title and escrow, Elizabeth was nominated as a founding member of the …

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How to Handle Seller Rent Backs After Closing

Details: Elizabeth Weintraub is a homebuying, home loans, and mortgages expert. With more than 40 years of experience in real estate, including areas such as title and escrow, Elizabeth was nominated as a founding member of the …

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Should a Home Be Occupied or Vacant When Home Selling

Details: More showings likely: The chances that a real estate agent will show your home are increased. That's because agents often take the path of least resistance. If they have 20 homes to show and five are occupied, they might be tempted to show the vacant homes …

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The Home Sale Exclusion from Capital Gains Tax

Details: How Does the Home Sale Exclusion Work? Your capital gain—or loss—is the difference between the sales price and your basis in the property, which is what you paid for it plus certain qualifying costs. You would have a gain …

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Why Pending Home Sales Go Bad

Details: A pending sale can fail if a lien is discovered against the house during the title search that keeps the seller from selling the home. Buyers sometimes decide they don't want the home, or find a different one they like more and back out of the transaction. Low appraisals can reduce the appeal of a pending home sale …

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The Real Deal on Cash Buyers for Houses

Details: Elizabeth Weintraub is a homebuying, home loans, and mortgages expert. With more than 40 years of experience in real estate, including areas such as title and escrow, Elizabeth was nominated as a founding member of the California Association of REALTORS' Real Estate Certificate Institute (RECI) and has received more than 600 hours or real estate education.

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9 Ways to Know You Found the Right House

Details: Elizabeth Weintraub is a homebuying, home loans, and mortgages expert. With more than 40 years of experience in real estate, including areas such as title and escrow, Elizabeth was nominated as a founding member of the California Association of REALTORS' Real Estate Certificate Institute (RECI) and has received more than 600 hours or real estate education.

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Some Tips on How to Price Your Home for Sale

Details: Elizabeth Weintraub is a homebuying, home loans, and mortgages expert. With more than 40 years of experience in real estate, including areas such as title and escrow, Elizabeth was nominated as a founding member of the California Association of REALTORS' Real Estate Certificate Institute (RECI) and has received more than 600 hours or real estate education.

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The Basics of Lease Options and Purchase Sales

Details: Elizabeth Weintraub is a homebuying, home loans, and mortgages expert. With more than 40 years of experience in real estate, including areas such as title and escrow, Elizabeth was nominated as a founding member of the California Association of REALTORS' Real Estate Certificate Institute (RECI) and has received more than 600 hours or real estate education.

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Real Estate Showings: Appointments Only vs. Lockboxes

Details: According to research by Redfin, in January 2021, homes are on the market for an average of 34 days before being sold, 23 days faster than a year ago. Agents work to expose the home to as many buyers as possible during this time period. To facilitate this strategy, agents install lockboxes on homes to allow for more timely access.

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How to Search Public Property Records

Details: Real Estate Sites . You can bypass public records and find the same public data about properties in many places online. Many websites let you search for properties by area, and some even give data on unlisted homes that aren't for sale. You can find property info at Realtor.com, Zillow, and Trulia.

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How to Write Effective Ads to Help Sell Your Home

Details: Whether you're a real estate agent looking to spice up your copy or a homeowner striking out on the market on your own, great ad copy can make a big difference in the overall outcome of your sale. How you advertise your house for sale and where you place the advertising can vary depending on where you live and who you are trying to appeal to.

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The Implications of Selling Your House to Your Kids for 1

Details: But there's an exception if the transfer of the property is made for full value—the transfer was a sale and you received other property or cash equal to the fair market value of the property.     Unfortunately, paying rent isn't full value for the transfer.   It may be fair value for the use and occupancy of the dwelling

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Buying a Former Rental Home

Details: Elizabeth Weintraub is a homebuying, home loans, and mortgages expert. With more than 40 years of experience in real estate, including areas such as title and escrow, Elizabeth was nominated as a founding member of the California Association of REALTORS' Real Estate Certificate Institute (RECI) and has received more than 600 hours or real estate education.

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9 Basic Steps to Buy Your First Home

Details: Homelight. "8 Rules of Thumb to Determine How Much House You Can Afford." Accessed April 13, 2020. Ohio Department of Commerce. "How to Make the Most of Your Home Buying Experience," Page 3. Accessed April 13, 2020. North Carolina Real Estate Commission. "Questions and Answers on Home Inspection," Page 2. Accessed April 13, 2020.

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Price Per Square Foot: How to Figure Home Values

Details: For example, three homes sold on Broadway for $200,000 each. Property A was 1,000 square feet, while Properties B and C were 1,200 square feet. Two more homes sold a block away. Property D was $180,000 and 1,200 square feet, while Property E was $585,000 and 2,100 square feet.

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Should You Invest in a Multifamily Home

Details: Like any real estate, the cost of a multifamily home depends on a number of factors, including location, condition, the age of the property, and more. Generally, a multifamily unit (one rentable section of the property) is on par with other nearby single-family homes, at least from a price-per-square-foot standpoint.

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7 Options When Your Home Won't Sell

Details: Elizabeth Weintraub is a homebuying, home loans, and mortgages expert. With more than 40 years of experience in real estate, including areas such as title and escrow, Elizabeth was nominated as a founding member of the California Association of REALTORS' Real Estate Certificate Institute (RECI) and has received more than 600 hours or real estate education.

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Condos vs. Houses: Which Is Better to Buy

Details: Comparing Condo and House Prices . A fair cost comparison considers the amount of a condo's association fees upfront and adds that sum to the total cost of the house or condo. For example, an association fee of $250 monthly is comparable to an additional $50,000 on a 30-year mortgage with a 4.5% interest rate.

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The Best Time to Sell a House

Details: Deciding on the Right Time . List your house for sale as early as possible on a Friday for the best results. Potential homebuyers often use the weekend to look at homes, and they'll check online listings from their real estate agents on Fridays to identify homes …

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Advantages and Disadvantages of "Rent to Own"

Details: For example, the average price of homes sold in the U.S. during the third quarter of 2019 was $382,700, while the average monthly rent paid during that same time nationwide was $1,471. So, to get the price-to-rent ratio, you would divide 382,700 by 17,652 (1,471 multiplied by 12) and come up with 21.68.

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Pros and Cons of Airbnb as an Investment Strategy

Details: Using the Airbnb platform—or a competitor such as VRBO or HomeAway—to rent properties can be a lucrative real estate investment strategy, but it also has challenges. In some cases, it may be easier and more profitable to simply rent a property to a single tenant, or forgo real estate investing altogether.

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Rent-to-Own vs. Seller Financing

Details: Similarities, Differences, and Risks . Although rent-to-own is very different from seller financing, there are some similarities. In either case, the buyer might make payments to the seller until the buyer takes out a loan from somewhere else (typically, the buyer will apply for a loan with a bank or mortgage lender). During this time, the buyer is ideally working on building …

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Will I Pay Tax On My Home Sale

Details: For example, you might have paid $175,000 for the property and you spent $20,000 on allowable improvements and additions. Your cost basis would be $195,000. You later sell the home for $250,000 less commissions and fees of $5,000, leaving you with $245,000.

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Rental Property Return Investment Tips

Details: Many people are dissatisfied with the meager returns provided by their savings accounts and investments such as certificates of deposit, causing many people to take a closer look at rental property investing.; Several years of record-low interest rates have made people wary of future inflation, which drives them away from the bond market. As an alternative, …

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Tips for Buying a Home for Sale by Owner

Details: Elizabeth Weintraub is a homebuying, home loans, and mortgages expert. With more than 40 years of experience in real estate, including areas such as title and escrow, Elizabeth was nominated as a founding member of the California Association of REALTORS' Real Estate Certificate Institute (RECI) and has received more than 600 hours or real estate education.

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When to Reduce the Price of Your Home

Details: McCourt Real Estate. "Reasons Why Homes Don’t Sell." Accessed May 12, 2020. Martino Realty Group. "Chasing the Market." Accessed May 12, 2020. National Association of Realtors. "Top 10 Worst Home-Showing Offenses." Accessed May 12, 2020. Opendoor. "Questions to Ask a Realtor When Selling Your Home." Accessed May 12, 2020. Trulia.

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Best Real Estate Apps of 2021

Details: A real estate app is an app that brings you a variety of real estate services on the go. You can search for homes, look for a commercial property to house your business, find a realtor, or look up your current home’s value. Real estate apps combine real estate knowledge and technology in a convenient format that is easy to use.

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Supply of Homes for Sale Smallest Since At Least 1982

Details: The supply of single-family homes for sale shrank again in August, hitting lows never recorded, according to new data from the National Association of Realtors (NAR). Given the pace of home sales in August, the inventory of single-family homes on the market would only last 2.8 months, NAR said in its monthly report on Tuesday.

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Tips for Buying a Home in a New Area

Details: Elizabeth Weintraub is a homebuying, home loans, and mortgages expert. With more than 40 years of experience in real estate, including areas such as title and escrow, Elizabeth was nominated as a founding member of the California Association of REALTORS' Real Estate Certificate Institute (RECI) and has received more than 600 hours or real estate education.

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How to Determine If an Online Home Listing is Real

Details: Homes for Sale in Magazines . Like newspaper print classifieds, magazine advertising is breathing its last breath. Fewer agents put homes for sale in a magazine than they used to because the lead time is too long. It can take 30 to 90 days before a magazine hits newsstands or doorsteps.

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Writing Off Home Losses on a Personal Residence Sale

Details: The Internal Revenue Code generally prohibits any deduction for a loss on the sale of a principal residence, but it allows a deduction for a loss from the sale of a personal residence that has been converted to rental property. It limits the amount of the write-off, however, and there's no deduction for any drop in value before you begin to

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Should You Sell Your Home When Interest Rates Are Low

Details: Greater Home Sale Profits . Low mortgage rates allow homebuyers to more affordably buy a house, or even buy a higher-priced home more comfortably, essentially increasing their homebuying power. When demand outpaces supply, it also leads to bidding wars. These bidding wars may eventually lead to higher home prices at the market level.

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The Complexities of Selling Two Houses to Buy One Home

Details: Problems With Down Payments . The second problem with buying a home followed by selling two houses is the fact that if the down payment for the new home is coming from the sale of the other two houses, then sellers would probably need to write a contingent offer.A contingent offer gives them a way out, a way to cancel the purchase, and many sellers …

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A Tale of Two Housing Markets

Details: For sure, some of the data indicates quite the housing boom. In August, there were an annualized 6 million sales of existing homes—the most for any month since 2006—after record monthly growth earlier in the summer. Sale prices are breaking records too, reaching medians of well over $300,000, depending on the data source.

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Can I Lease or Buy Back My Short Sale

Details: Elizabeth Weintraub is a homebuying, home loans, and mortgages expert. With more than 40 years of experience in real estate, including areas such as title and escrow, Elizabeth was nominated as a founding member of the California Association of REALTORS' Real Estate Certificate Institute (RECI) and has received more than 600 hours or real estate education.

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Should You Buy a Patio Home

Details: Patio homes should not be confused properties that simply have a patio. The term “patio home” speaks to a specific style of real estate, not any single exterior feature or amenity. What defines a patio home can vary greatly, but generally, a patio home is a smaller, single-family home with a compact yard and lot size.

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How to Buy the Worst House on the Best Block

Details: The nicer homes on the street will pull up the value of the worst house on the block after it's fixed up. If a seller had the money or the time to fix up the worst looking house on the block, it would not be the worst house on the block, and it would cost more.

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How to Get Ready for an Agent to List Your Home for Sale

Details: Elizabeth Weintraub is a homebuying, home loans, and mortgages expert. With more than 40 years of experience in real estate, including areas such as title and escrow, Elizabeth was nominated as a founding member of the California Association of REALTORS' Real Estate Certificate Institute (RECI) and has received more than 600 hours or real estate education.

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Preparing Your Home for Sale on a Budget

Details: Elizabeth Weintraub is a homebuying, home loans, and mortgages expert. With more than 40 years of experience in real estate, including areas such as title and escrow, Elizabeth was nominated as a founding member of the California Association of REALTORS' Real Estate Certificate Institute (RECI) and has received more than 600 hours or real estate education.

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Why Home Sellers Without Equity Pay to Sell

Details: Declining Real Estate Market . Perhaps you're trying to sell in a falling real estate market, which would mean your home might not be worth enough to generate a profit upon selling. Real estate cycles can make markets move down as well as up. Not every home appreciates every year, and sometimes you may have to time your sale during a downturn.

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What Is an Open Listing in Real Estate

Details: An open listing lets owners sell their homes themselves as "For Sale by Owner" (FSBO) properties.It's a non-exclusive listing agreement, allowing an owner to execute open listings with more than one real estate broker.Then, the seller would pay only the real estate broker who brought the eventual homebuyer.

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