Selling at a Loss
Can a home seller sell a home for less than its mortgage? Yes, in some cases you can sell your home for less than what you still owe on the mortgage, but this is complicated and depends on the lender. This situation is known as a “short sale.” Sometimes a...Seller Financing
What is seller financing? Seller financing is when a seller helps to finance a real estate transaction by taking back a second note, or even financing the entire purchase if the seller owns the home free and clear. Usually, sellers do this when a buyer has difficulty...Property Taxes when selling your home
Where can I learn more about appealing my property taxes? Contact your local tax assessor’s office to see what procedures to follow to appeal your property tax assessment. You may be able to appeal your assessment informally. Most likely, however, you will have...Pricing the House to Sell
What is the difference between list and sales prices? The list price is how much a house is advertised for and is usually only an estimate of what a seller would like to get for the property. The sales price is the amount a property actually sells for. It may be the...Negotiating When Selling Your Home
Is there a secret to good negotiating? There are several cardinal rules for negotiating effectively. One is to do your homework and learn as much about the seller or the buyer as you can. Another is to play your cards close to your vest and not reveal too much...
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