And it doesn’t require...
Real Estate
Key Takeaways Not every homeowner has to report a sale on their tax return, but if you receive Form 1099-S or your gain exceeds IRS limits, reporting is required. The ownership and use tests determine whether you can exclude up to $250,000 ($500,000 for joint filers) in profit from your taxes. Special situations like divorce, death, or relocation may still allow you to claim a full or partial...
And it arrives in a matter of...
Achieve the tiny house look without the steep price...
Buying a home is an exciting time, whether this is your first time purchasing a house or you’re a repeat buyer. But if you’ve owned a home before, you may be wondering if you can be a first-time home buyer again. In some cases, yes, you can. In this Redfin article, we’ll go over what qualifications you need to meet and when you can be considered a first-time homebuyer again. Whether you’re buying...
Co-authored by Redfin and Mike Larson, Editor-in-Chief at MoneyShow If you’re just starting out in real estate, the housing market might feel like a puzzle with too many moving pieces. Prices rise, then fall. Homes seem plentiful one year and scarce the next. If interest rates climb before you’ve locked in a mortgage, your potential monthly payment may change drastically. Learning how to recognize and...
You want mortgage rates to fall – and they've started to. But is it going to last? And how low will they...
“What can cause a house to fail an inspection?” is a question both buyers and sellers might have during a home sale. The truth is inspections don’t end in a simple pass or fail, but certain issues on the report can indicate trouble and lead to buyers walking away. A clean inspection report—or a “passing” inspection—will only note minor issues that are either just cosmetic or won’t be...
You can’t change your mind on a home after closing, but you can rethink the deal after the inspection. When a report turns up more than you planned for, it’s normal to wonder if this is still the right house at the right price. But when to walk away after a home inspection can be personal. We’ll help you weigh the risks of repairs, factor in your budget and timeline, and ultimately, decide...
The pros say these tools should be...