Thu.Dec 23, 2021

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How Escrow Works When Buying a House

Point2Homes

When buying a home, you’ll undoubtedly encounter the term “ escrow ” a few times. Escrow is when a third party holds onto a particular asset until certain conditions are met. However, if the seller breaks the terms of the contract, the funds can be returned to the buyer. Image: VGstockstudio / Shutterstock.com. Buyers Escrow.

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Selling A House With Asbestos? 10 Things You Need To Know First

HomeLight

Laura McKenna is an experienced agent in West Concord, Massachusetts , an area with older housing stock where asbestos is common. Applying her more than 37 years of real estate experience, McKenna knows to bring it up early with her sellers because she doesn’t want the transaction to fall through later on. Why is asbestos dangerous?

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Selling Your Rental Property? Be Aware of These 15 Tenant Rights

HomeLight

However, if your property is occupied, you need to be aware of a tenant’s rights when a house is for sale as they pertain to your area, as well as the specific terms of your lease agreement. Alexander recommends that in the case of a tenant not paying, it’s best to wait until the lease term ends. Source: (Vecislavas Popa/ Pexels).

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Will I Pay Capital Gains on the Sale of My Second Home?

HomeLight

In this article, we discuss under what conditions you can minimize your capital gains tax, and maximize your profits as sellers. Disclaimer: Information in this blog post is meant to be informational and used as a helpful guide only, and not professional tax or legal advice. Selling your second home? Your income tax bracket.

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How to Focus on the Right Fixes Before Selling Your House

HomeLight

That’s an item that pays off over the long term. Now that you’re selling your house, you see these imperfections through the eyes of potential buyers. And you wonder what they’ll overlook — and what might be deal breakers if you ignore them. The advice of a professional Realtor® is indispensable. Find Agent. “He Focus on major repairs first.