Buying your first home can be exciting as you start a new chapter of your life, but selling your first home may be a different story. According to the National Association of Realtors, the average first time home seller has lived in their house for about 10 years by the time they decide to move on. At this point, owners may be ready to upgrade, and in the process of finding a new home. Or, they may need to move for work, or due to family issues. Any of these can add a layer of stress to the selling process.
Capital Gains From a Home Sale—Is it Taxable?
Congrats! Your house is selling for substantially more than you paid for it! That’s a good thing… or is it? There are some scenarios when selling a home will come with hidden fees and tax liabilities.The IRS may want a chunk of the profits in the form of capital gains tax. But there are ways that homeowners can avoid taxes on home sales.
The First 10 Things to Buy for a New Home
Buying a house is a great investment, but it’s also a big investment – and the purchase price and closing costs are just the start. There are lots of things to buy for a house that you may not have needed when living in an apartment, but now that you have more space, a yard, and rooms you didn’t have before, those things are essential.
Is Selling a Home For Cash a Mistake?
When a buyer offers to pay cash for your house, it might seem like a dream come true. After all, it eliminates the chances of the deal falling through if they can’t get a lender’s approval. But accepting a cash offer might also mean leaving a lot of money on the table. Whether selling a home for cash is a good idea or not depends on who is making the offer—and why.
Is Buying a Home Tax Deductible?
Real estate is often described as a good investment, and in most cases, owning a home has more financial benefits than renting. But what about taxes? Is buying a home tax deductible? Unfortunately, if home buyers are expecting big tax write-offs, they are likely to be disappointed.
Considering a Video Doorbell? Read This First!
Smart home lovers likely rejoice at the continued flood of smart house accessories on the market, one of which are video security doorbells.
What to Look For in a Realtor: A Guide for St. Louis Buyers and Sellers
Whether buying or selling a home in St. Louis, finding the best realtor will involve some work. You’ll want to ask people you know for referrals, do some research, and finally, interview the best candidates. (Read Follow These 3 Steps to Find a Real Estate Agent.) Sales statistics and experience are important, but you need to feel confident in your decision on a more personal level, too.
The Homeowner’s Guide to HOAs
Whether you're a new homeowner or just a homeowner new to an HOA, it can be difficult to understand exactly what your responsibilities are and how these new rules will be enforced.
Is It Time to Call a Plumber? Be Aware of These Signs!
Poor plumbing conditions in your home can escalate to bigger problems such as flooding and accidents. On top of that, you'll most likely find your monthly water bills with exceeding charges.
20 Creative Ways to Sell Your Home in Under a Month
You’ve made the decision to sell your home and you want to do it fast. Selling a house is stressful, and every day it’s on the market can ramp up the anxiety. You just want it done so you can move to your new home and get on with your life.
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