If there’s one thing that a client asks their real estate agent to do, it’s to sell their home fast. But really, they are asking the agent to do two things at once: Sell that house fast AND sell it at a price that the client is comfortable with.
And sometimes, those two things are in tension.
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.