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When Is It Too Late to Back out of Buying a House?

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Buying a house is one of the biggest financial decisions a person will make in their life. Most buyers who put in an offer hope to purchase the home. However, there may sometimes be situations that require them to back out of the purchase agreement. Learn what reasons may allow a buyer to back out … Continued
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How to Sell Your House in 5 Days

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When you sell your house, it is an opportunity to benefit from all the mortgage payments you have made over the years. The greater the equity you own in the property, the more money you can walk away with from the sale. The selling process is complex, especially if you live in a competitive market … Continued
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Texas Cost of Living

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The cost of living in Texas is lower than the national average, making it the 15th most affordable state. If the baseline Cost of Living Index (COLI) in the U.S. is 100, the COLI in Texas is 92.6, comparable to South Dakota and Nebraska. [1] In this article, we will go through potential expenses in … Continued

How Long Does a Seller Have to Respond to an Offer?

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The time between submitting an offer to purchase a home and waiting for the seller to respond can seem like forever. Home sellers may receive various offers, which can slow down the time it takes to respond. Additionally, some potential buyers may never receive a response. Learn everything you need to know about offer timelines … Continued
penalty for selling house

What Is the Penalty for Selling Your House Before 2 Years?

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Selling your house comes with expenses, such as commissions, listing fees, costing costs, and capital gains taxes. Some of these costs, including capital gains taxes, may be exempt if you meet certain circumstances. A capital gains exemption allows homeowners who have owned the property for at least two years to avoid paying capital gains. Learn … Continued
house money

How to Buy a House Out of State

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Career changes, family obligations, educational opportunities, or a craving for adventure may lead to a need to secure housing in another state. This guide explains how to buy a house out of state, the most common challenges out-of-state buyers face, and specific techniques they can use to overcome them. Buying a home out of state … Continued
house value

How Long Are Appraisals Good For?

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Traditionally, an appraisal is an important part of the real estate process, whether selling or buying a home. Home appraisals consider local property values and comparable sales to determine a fair list and offer price. How long is an appraisal good for? Most appraisals are good for between three to six months, but this varies … Continued
bad months

Worst Month to Sell a House

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The worst month to sell a house depends on the area and the general market conditions. Market performance can be measured in different ways, from price differences to average days on the market.  In this article, we will discuss seasonal trends in the real estate market in detail, share data about prices, sales, and time … Continued
checklist

Closing Checklist for Home Sellers

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The reason homes are considered investments is the potential to sell them and turn a profit. Since property values tend to appreciate, and each mortgage payment increases equity, you can earn money when you sell your house if you have owned it for a substantial amount of time.Selling a house can be a stressful experience, … Continued
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How to Take Real Estate Photos

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Real estate photography is an essential segment of the real estate industry. High-quality photos are necessary to help homeowners advertise their properties to potential buyers.  Real estate agents who want to help sellers will recommend professional photographer services to these homeowners to ensure their property is presented in the best possible light. In an era … Continued
divorce proceedings

Mortgage Assumption Divorce

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Divorce can be complicated even when both spouses agree on most issues. Outside the emotional impact of the proceeding, much of the confusion in a divorce is how to handle the distribution of assets owned by the couple. Specifically, ownership of the house can become a touchy subject during an already stressful experience. One process … Continued
time house

Is There a Time Limit on Selling Inherited Property?

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Selling an inherited property can take longer than selling a traditional home. The process usually takes between nine and 18 months due to legal considerations like probate or the need for multiple heirs to reach an agreement.  In this article, we will explain the timeframes, selling process, and tax and legal implications of selling your … Continued
showing house

Average Number of Showings to Sell a House

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Home showings are necessary, but they often cause sellers unnecessary anxiety. Even in hotter markets, people can sometimes wait months for an offer.  In this article, we will explain the average number of viewings each home has before getting sold, address the factors behind the viewing number, and give you tips on getting an offer … Continued
house trust

Proceeds From the Sale of the House in Trust

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A family member’s passing is always a difficult experience. In many cases, the person who passed away may have been a homeowner. This person may have taken steps to pass on their assets to beneficiaries, such as their children or other close relatives. If a home is one of those assets, it can create a … Continued
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Instant Cash Offer for House

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Purchasing a home is an investment. Instead of your monthly payments disappearing into the landlord’s pocket, your payments build equity in the house. The longer you make those payments and increase the value of the home, the more it will benefit you when borrowing home equity loans, refinancing, or selling the house.  Selling a home … Continued
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