Are you considering selling your home? Here are some things you should know before you start the process. Understanding Capital Gains When Selling Your Home A consideration when selling your home is how the process may result in capital gains taxes. This is the tax collected on the profit from selling a property. The … Capital Gains When Selling Your Home
The New Jersey real estate market has been an active environment for sellers and buyers. There are many indicators that the market will still be incredibly active. Among several intriguing indicators, the most noteworthy is the significant 4.4% increase in the median sale price. Here are some additional observations about what this means for people … The Median Sale Price in the New Jersey Real Estate Market
Wire fraud in real estate transactions is something that all home buyers and sellers should be aware of. It involves scams that use electronic communications to deceive individuals into transferring funds to the wrong bank account. With technological advancements, this crime has become more common in recent years. Particularly in real estate, where large sums … Navigating Wire Fraud Risks in Real Estate Transactions
As a homebuyer or seller, you may have come across the term “appraisal” in the real estate world. But what exactly are appraisals, and why are they important? Let’s delve into the basics of real estate appraisals and explore the issues with waiving them. What are Appraisals? Real estate appraisals are assessments conducted by … Appraisals: What are They And What are the Issues with Waiving Them?
When it comes to buying property, one important decision you may have to make is whether to choose a condo or a townhome. Both options offer unique advantages and disadvantages, and understanding the key differences can help you make an informed decision. Let’s explore the pros and cons of condos and townhomes, as well as … Condos vs. Townhouses
If you plan on purchasing a new home, obtaining a home inspection before closing the deal is crucial. Home inspections can help you identify any potential problems or issues with the property that could cost you time, money, and stress. Read on to learn more about the role a home inspection plays in the home-buying … The Importance of Home Inspections
Millennials have been shaking up the real estate industry in recent years. Defined as those born between 1981 and 1996, millennials are now the largest group of homebuyers in the United States. In New Jersey, they are certainly making their mark in the real estate market. How Many New Jersey Homebuyers are Millennials? According … Do Millennials Make Up The Largest Share of Homebuyers In New Jersey?
Buying a home is a significant decision with many responsibilities and financial obligations. While it’s common for married couples to buy a home together, it’s not the only way to do it. If you’re not married and considering to buy a home with your partner, there are some important things to consider. Here are some … Home Ownership Tips for People Who Aren’t Married
A real estate closing is an important day, especially if you’re the seller. At the closing, a seller will transfer the property to the buyer, pay off the mortgage (if any), and receive the proceeds from the sale. However, there are some additional responsibilities you should keep in mind. What happens at a closing? … The Responsibilities of a Seller at a Closing
Through the course of any real estate transaction, you’ll hear the term “escrow” quite a bit. But what is escrow, and what do you need to know about it? Here is information to help you understand some of the basics. The General Definition of Escrow In simple terms, escrow is a legal arrangement where … What is Escrow?