Selling in Winter

Although most folks think spring is the best time to sell a house, there are some distinct advantages to selling in winter—the biggest of which is the lack of competition. Fewer homes on the market makes it easier for your house to stand out. Don’t worry about the fact that spring flowers aren’t blooming. You … Read more

Proceeds Versus Profit

Last week, I shared information about how to avoid nasty surprises from Uncle Sam when you sell your house, specifically regarding capital gains tax. Since then, it’s come to my attention that some folks don’t really understand the difference between proceeds and profit, which is key to understanding how you’ll be taxed. The proceeds are … Read more

Beware the Tax Consequences of Selling Your House

If you own a home, it’s probably your most valuable financial asset, so if you decide to sell, you’ll want to walk away with as much money as you can. However, when you make a profit by selling assets like real estate, the government gets a piece of the action through taxes. So, the question … Read more

Why Do Real Estate Contracts Fall Apart?

Whether you’re buying or selling a house, once you’ve signed on the dotted line, you’ve agreed to the terms of a contract. So, why do people back out and how can you prevent your real estate transaction from falling apart? First, there are two types of backing out: those explicitly allowed within the contract (known … Read more

The “R” Word

As someone who makes a living based on what’s happening in the housing market, I tend to pay a lot of attention when I hear the r-word being thrown around, r as in recession. According to Investopedia, a recession is a “significant, widespread, and prolonged downturn in economic activity.” Economists often define a recession as … Read more

How to Be a Successful Realtor

Some people think being a Realtor means ordering business cards, plunking a sign in someone’s front yard, and waiting for a buyer to make an offer—then picking up a commission check 30 days later. That, my friends, is not how this works. Get Licensed To be a real estate agent, you must be licensed by … Read more

The Advantages of Home Ownership in Retirement

Most of us look forward to retiring someday. If you own a home, it can be an important part of your financial future. Leverage Your Home Equity If you purchased a home 20 or 30 years ago, chances are it has appreciated during that time, making it worth more now than it was when you … Read more

How to Reduce the Stress of Home Buying

While it can be exciting to buy a home, it can also be stressful. For most people, this is the single biggest purchase they will ever make. The only way to completely eliminate stress is not to buy, but if you are committed, here are some tips to make the process go more smoothly. Prepare … Read more

The Holy Grail – An Investment Without Risk

Let me begin by saying this is more of an investment article than a real estate article, but I hope you’ll find it useful, nonetheless. If someone offers you a risk-free investment, be suspicious because by its very nature, financial investing is risky. The foundation upon which investing is based is the risk-return trade-off, which … Read more