If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and more. And, you’re juggling how all of those things will impact the choice you’ll make. While housing […]
If you are in the market to hire a remodeling contractor, here are some questions you should ask him/her: • How many properties have you remodeled/flipped?• How long have you renovated homes?• What do you specialize in?• How are you different from others in your field?Licensing, Insurance, and Bonding• What type of license do you […]
If you’re planning to sell your home in 2025 and believe you may have a large enough gain to trigger a capital gains liability, you can consider these strategies: Tax Loss Harvesting This involves the sale of securities at a loss to offset capital gains taxes owed on profits. Of course, any harvested losses from […]
How do Cost Basis Factors into Capital Gains Tax? You can think of cost basis in real estate as the total cost of buying the property. Consider it as a baseline: When you sell the property, the cost basis is subtracted from the net sales price to determine capital gains tax liability. That’s why you […]
Most homeowners hope for a substantial increase in their home value – and these days many are achieving it when they sell their primary home. But that appreciation can come with a thorny issue: capital gains tax owed when they file their tax returns after selling. If you’re in that situation or anticipating it, you […]
Referrals — from neighbors, friends, or others —are a common source when looking for a remodeling contractor. Real estate professionals also recommend contractors and may offer extra assurance from their well-vetted network. Before you hire a contractor, schedule three to five in-person interviews, gather bids, and thoroughly check the background of any you’re considering. Google […]
If you receive multiple offers on your house, you’re going to face a question you may not have previously considered: How do you know if an offer is the best one for you? Your listing agent will be a big help here. They will understand and help you figure out the merits and faults of an offer […]
Before you decide to sell your home, your agent will help advise you about repairs you need to make before the home inspection. In fact, they may have recommended them to you even before you put the home on the market. And if you’ve been maintaining your home all along (hopefully), your punch list may […]
When you buy a house, you really don’t know who else has keys to your home, so its a good idea to change the locks. That ensures you’re the only person who has access. Install new deadbolts yourself for as little as $11 per lock or call a locksmith. If you supply the new locks, locksmiths […]
Once you’ve accepted a buyer’s offer on your home, it will get a once-over from the buyer’s home inspector. The inspection is usually a contingency of the offer, meaning the buyer can back out based on serious problems discovered. The lender also expects an inspection to make sure it’s making a good investment. During the home inspection, an […]
