Not only is buying a home the largest financial transaction of your life, but it also involves many complex legal issues. And that means much could go wrong to land you in legal hot water if you don’t understand the legal aspects of buying and selling real estate. That’s also why it’s a good idea … Continued
Older homeowners of retirement age who find that Social Security and savings just aren’t cutting it for them might consider a reverse mortgage. You do have to give up your home, but you get to remain in it. While a reverse mortgage can improve retirement, it does have some downsides – though these have less … Continued
Buying a home, as we all know, is a huge investment, and it’s only good sense to protect that investment. That’s why almost all homeowners carry insurance – besides the fact that it’s required by mortgage lenders (for they want to protect their investment, too). But not all homeowners insurance policies are created equal, and … Continued
Buying a home is a big enough expense in itself, one that most people will be paying on for the next 15 to 30 years. And then on top of that, they have to pay property tax every year – even after the mortgage is paid off. In addition, the current and projected property tax … Continued
Selling a house has several inevitable and often complicated tax implications that all sellers should be aware of. If you’re a seller, you definitely don’t want to walk out to the mailbox and find a letter from the IRS. Nor do you want to discover after the sale that you’ve missed out on some significant … Continued
April 15 may seem pretty far away, but it always arrives faster than we anticipate. That’s why you should begin preparing for your 2019 taxes now. Because the tax laws have undergone a major overhaul, your first preparatory step should be gaining an understanding of the new tax law changes. And then you should take … Continued
These are the 25 best school districts in Michigan (WXYZ) — A list of the best school districts in Michigan was released by Niche, a site that researches K-12 schools and colleges. The list ranks the best districts heading into the 2019-2020 school year on factors including state test scores, college readiness, graduation rates, SAT/ACT … Continued
Since as far back as Aristotle, we’ve known the importance of asking the right questions to get the answers we need. And that applies to real estate just as much as it does to philosophy. The answer most of us need, whether we’re buying or selling, is the answer to this one question: Which agent … Continued
Home sellers often need to hire contractors for repairs, renovations, or even major remodels, especially in the wake of a major natural disaster like a hurricane or tornado. It’s in these situations especially that homeowners are susceptible to a contractor scam. For example, contractor scammers bilked people in New Jersey out of millions after the … Continued
Whether you’re hiring a mechanic, a barber, or a brain surgeon, you want the best you can get, one who will do the job well. And it’s no different when you need a real estate agent, whether you are buying or selling a home. Not only do you need an agent who knows real estate … Continued
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