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Disclosure when selling your property
Whose obligation is it to disclose pertinent information about a property? In most states, it is the seller, but obligations to disclose information about a property vary. Under the strictest laws, you and your agent, if you have one, are required to disclose all...
Common FAQ About Selling Your Home
Should I add on or buy a bigger home? Consider these questions before making a choice between adding on to an existing home or moving up in the market to a bigger house: How much money is available, either from cash reserves or through a home improvement loan, to...
Appraisals & Market Value
What is the difference between market value and appraised value? The appraised value of a house is a certified appraiser's opinion of the worth of a home at a given point in time. Lenders require appraisals as part of the loan application process; fees range from $200...
Working With a Real Estate Agent
Can I use an agent for a new home? Yes, however buyers should be aware of the differences inherent in working with sales agents who are employed by the developer, rather than traditional real estate agents.Builders commonly require that an outside agent be present,...
What You Can Afford
How much does my real estate agent need to know? Real estate agents would say that the more you tell them, the better they can negotiate on your behalf. However, the degree of trust you have with an agent may depend upon their legal obligation. Agents working for...
Tax Considerations
Where do I get information on IRS publications? The Internal Revenue Service publishes a number of real estate publications. They are listed by number: 521 "Moving Expenses" 523 "Selling Your Home" 527 "Residential Rental Property" 534 "Depreciation" 541 "Tax...
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