You’ve found the perfect house, and it’s “For Sale by Owner.” What does that mean for you as the buyer? The experience of buying directly with a seller is a bit different than dealing with their real estate agent. That’s not necessarily a bad thing, but it is something to prepare for. Here’s everything you need to know when buying a home For Sale by Owner (FSBO).
Selling a home can be stressful enough without adding the additional challenge of a less-than-ideal location. When something like power lines, a noisy airport or train tracks, or busy highway is involved, it can be tough to attract a buyer.
There’s plenty of advice online on how to sell a home fast. Our post 20 Creative Ways to Sell Your Home in Under a Month is a good example. But some sellers are in too much of a hurry to try those tips or don’t want to go to the trouble. They might be contemplating selling a house “as-is.”
Moving to a new home doesn’t always mean selling the old one. Homeowners could choose to keep it as a rental property. How to decide between selling a home vs. renting it out will be different for everyone. It boils down to three main topics: the homeowner’s goals, their financial situation, and whether or not they are “cut out” to be a landlord.
Residential homes with solar panels are becoming more commonplace than they were even just a few years ago. Companies that sell panels are popping up across the country, and homeowners who want a greener, cheaper alternative to traditional power sources are having them installed. Buying or selling a home with solar panels can be a little more complicated than a routine sale. There are some things to consider on both sides of the transaction.
Preparing to sell a home can be expensive: Preparing a home to go on the market comes with the cost of repairs, updates, cleaning and staging. And of course buying one is a huge investment, too; buyers not only need to come up with a downpayment, but have to think about the cost of loan application fees and inspections.
It’s not news that buying a house is a big financial investment. But many first-time buyers wonder if buying a home is worth it. They wonder how long it will take before breaking even compared to renting. The St. Louis region actually has one of the shortest break-even times in the country.
It’s best to be completely sure about selling before taking the plunge to put a house on the market—obviously. And while it doesn’t happen often, a seller sometimes wants out of an agreement. Deciding to keep a home is not a decision that should be taken lightly.
Congrats! Your house is selling for substantially more than you paid for it! That’s a good thing… or is it? The IRS may want a chunk of the profits in the form of capital gains tax. There are some scenarios when selling a home will generate a tax liability. But there are ways that homeowners can avoid taxes of home sales.
Buying a house is one of the largest investments you'll ever make. It's crucial that you make wise decisions when purchasing a house to protect your investment. Here are five criteria to consider to ensure this: