Residential homeowners have a number of tax benefits, the most important of which is the exclusion of up to $500,000 profit made on the sale of the principal residence.

But real estate investors -- large and small -- still have to pay capital gains tax when they sell th...

You have signed a contract to purchase a house. Your potential lender has qualified you for the mortgage loan, on the condition that the house will appraise high enough to support the loan. Now you have learned that the appraisal has come in too low, and the lender is...

February 8, 2016

We have all heard about the high costs imposed on homebuyers -- ranging from lender points, title insurance and settlement fees. However, if you are selling your house, you should understand you will be hit for some closing costs also.

When a seller signs a listing agre...

December 10, 2015

You have just found your dream house, and would like to buy it. What to do now?

When dealing with real estate matters, the law is clear: everything has to be in writing. Thus, you will need a sales contract, which will spell out all of the terms, conditions and special...

August 24, 2015

Question: We are selling our house and have just received an offer to purchase. The offer contains a contingency for the buyer to obtain a home inspection report.

The buyer is asking for a general inspection contingency, but our real estate broker is advising us to use...

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