How to Sell Your Home Archive


American Homeowners Benefiting More from Technology

Wednesday, January 2nd, 2008
RISMEDIA, Jan. 3, 2008-Technology helps homeowners more every year. Homeowners are among the biggest beneficiaries of technology innovations. Every year new technologies help homeowners save more money and/or make our lives easier. The growing importance of Internet commerce was underlined by the 2007 holiday season. While retail sales overall remained ...
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How long do bankruptcies and foreclosure stay on a credit report?

Sunday, November 25th, 2007
They can remain on your credit record for seven to 10 years. ...
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Can a home be sold for less than its mortgage?

Sunday, November 25th, 2007
Sometimes. But it is a complicated process and a lot will depend on the lender. ...
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What types of foreclosures are there?

Sunday, November 25th, 2007
There are two types---judicial and non-judicial. A foreclosure that results from a court action is a judicial foreclosure. The mortgage deed or trust does not have a power of sale clause, therefore the lender, trustee or another lienholder must take the borrower to court to recover the unpaid balance of ...
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If faced with foreclosure, what are my options?

Sunday, November 25th, 2007
Talk with your lender immediately. The lender may be able to arrange a repayment plan or the temporary reduction or suspension of your payment, particularly if your income has dropped substantially or expenses have shot up beyond your control. You also may be able to refinance the debt or extend ...
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Are seller-paid points deductible?

Sunday, November 25th, 2007
For the buyer, yes, but not the seller---even though the seller pays them. Since January 1, 1991, homebuyers have been able to deduct points paid by the seller whereas, previously, they could only deduct the actual points they paid on the home loans themselves.


What about repairs made to get the home ready for sale?

Sunday, November 25th, 2007
If you realize a taxable gain after you sell your home, even with an exclusion, you can reduce your gain with selling costs. These selling costs may include items that are otherwise considered to be repairs---such as painting, wallpapering, even planting flowers---if you complete them within 90 days of your ...
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Can I deduct improvements made to my home?

Sunday, November 25th, 2007
Yes, but only after you have sold it because improvements add to the basis of your home. Remember your gain is defined as your home's selling price, minus deductible closing costs, minus your basis. The basis is the original purchase price of the home, plus improvements, less any depreciation. ...
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Common Real Estate Deal Killers

Sunday, November 25th, 2007
RISMEDIA, Nov. 26, 2007-Most news reports point to the subprime lending mess as the cause for the housing slump. But home sellers should know that plenty of people with good credit are simply cautious buyers, which can keep sales down. ...
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Are home selling costs deductible?

Sunday, November 25th, 2007
If you sell your home and realize a taxable gain even after the exclusion, you can reduce your gain with selling costs. ...
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