When you decide it’s time to buy your first home, there’s a lot on the line. Are you ready for the responsibility? Will you be okay financially? Should you look at houses or condos? What if you end up not liking the house you choose? These and other concerns can make what should be an exciting time in life a source of worry and stress.
There is no denying that the preferences of home buyers can vary widely. One person might be looking for a quiet single-family home with a big private yard for gardening and entertaining, while another person might want to be in a more walkable area in the hustle and bustle of a city.
Congrats! Your house is selling for substantially more than you paid for it! That’s a good thing… or is it? There are some scenarios when selling a home will come with hidden fees and tax liabilities.The IRS may want a chunk of the profits in the form of capital gains tax. But there are ways that homeowners can avoid taxes on home sales.
The time leading up to a new home purchase can be confusing and stressful. Between saving up for a down payment and worrying about how much the closing costs will add up to, the last thing anyone wants to think about is the possibility that a new home might come with worn out appliances or a ticking time bomb of a plumbing system. One way to combat the stress of additional unexpected expenses when buying a new home is to consider a home warranty.
Buying a house is a great investment, but it’s also a big investment – and the purchase price and closing costs are just the start. There are lots of things to buy for a house that you may not have needed when living in an apartment, but now that you have more space, a yard, and rooms you didn’t have before, those things are essential.
There comes a time in life when everyone has to consider their living situation: Do you continue to rent, or do you take the plunge and buy a house? Or more precisely, when should you buy a house versus rent?
While April and May are great months to put a home on the market, selling a house in spring is not the only option. The St. Louis area is still a seller’s market, which means buyers are out there all year long waiting for the right home to become available.
Following a few strategies can increase your chances of selling your home this winter and ending up in your new home before springtime.
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When homebuyers work with a real estate agent, it is helpful to be as clear as possible about what they are looking for in a home. One important factor to consider is the type of community they are seeking. A preference between urban or rural, for example, is fairly straightforward to explain. But other terms, like neighborhood and subdivision, are often used interchangeably— and that can make the home search a bit confusing.
When looking at homes for sale, buyers are likely to hear the term “fixer-upper.” While they may have a general idea of what that means, they might be less clear about how that house might differ from one described as “needing some TLC” or one that is advertised as “perfect for flipping.”
A fixer-upper can be a dream come true—or a total nightmare. The outcome often boils down to these questions:
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