Key takeaways You don’t automatically owe capital gains tax if you sell your home and buy another. The primary residence exclusion is the most common way to avoid paying capital gains tax. Investment properties follow different rules, and you may need a 1031 exchange to defer taxes. Keeping records of your purchase price, improvements, and selling costs is crucial for lowering your taxable...
For the past couple of years, it’s been tough for a lot of homebuyers to make the numbers...
The short answer: Yes. Even new homes can have defects, ranging from misinstalled appliances to roof damage to grading problems. New construction single-family home sales have been rising since the pandemic, with builders frantically trying to keep up with the housing demand uptick that began in 2020. Builder incentives, mortgage-rate buydowns, and cash toward closing costs have also made new builds...
Enhancing your living space doesn’t always require a hefty budget. With the right updates, you can add real value to your home for under $1,000. Whether you’re preparing to sell your home in Grand Rapids, MI, or looking for some easy DIY projects for your house in Portland, OR, these cost-effective upgrades can breathe new life into your space. To dig deeper into this topic, we spoke with Kevin...
Buying a home while still renting is more common than you might think. Many renters want to start their home search before their lease ends, whether it’s buying a house in Sacramento, CA, or a home in Austin, TX. This balancing act, renting while buying a house, comes with unique challenges, from managing overlap costs to deciding whether to stay month-to-month or buy a house before your lease is up. In...
Key takeaways: A rent-back agreement (also called a seller rent-back or post-settlement occupancy agreement) lets the seller remain in the home after closing and pay rent to the buyer. It’s useful when sellers need more time to find or move into a new home, avoid temporary housing, or deal with construction or loan delays. Buyers benefit from flexibility and potential rental income, but they also take...
Heat waves continue to affect most of the U.S. this summer. Here's how you can protect your HVAC system during the heat and conserve energy...
Including brands like Rubbermaid, Yankee Candle, Utopia Bedding, and...
Heat waves continue to affect most of the U.S. this summer. Here's how you can protect your HVAC system during the heat and conserve energy...
One particular week in October offers a rare window for savvy buyers, according to...
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