Answers by Glenda X Bozett

In most cases the sale of real estate at a loss is considered a capital loss .

A probate sale in real estate occurs when a person passes away and leaves behind a property that needs to be sold to settle their estate.

A sale leaseback in real estate is a financial transaction where the seller of a property sells the property to an investor, at the same time agreeing to enter into a lease to use it.

A home Inspection done by a professional Inspector is recommended.

The primary borrower and homeowner is responsible for the mortgage payments.

No, home improvements are generally not tax deductible when selling a home.

No, you do not need to set a formal offer deadline.

4 open houses should be ok.

An easement is part of the property. However, it must accessible to the party that uses the easement.

A pending means the home has a contract for purchase on it. Aka Under Contract

A real estate broker is a licensed professional who acts as an intermediary between buyer & sellers of real estate property . A real estate agent is also a licensed professional but works under the supervision of a broker and do not have the same level of authority a broker . Is better to work with a licensed and reputable professional who can effectively represent your interests.

Selling the property, renting it out, use it as primary residence, donate it, etc.

if seller is in rush for cash , sell it for cash .

yes you can.

30 to 45 days

yes, an updated pre approval is need it.

20% DP is not always need it, talk to your lender for options to a lower DP

Title insurance protects the owner property & the mortgage lender against future claims for any unknown defects in the title to the property at the time of sale.

As long if both ( seller and agent) are in the same page.

Disclose to your realtor the truth, you are under " Seller Disclosure "

The best gift can give me is a referral or keep me in mind for future real estate needs.

brokers are required to keep it for 3 years.

only if you pay cash.

Buying a house is an investment.

There are many loan programs that will help with this, so be sure to ask your lender.

hire a local Real Estate Agent

There is not specific number, you will know which one you will buy as soon as you enter the one you like.

This ( deposit / earnest money ) holds the home for you during escrow. This goes towards your purchase.

An escrow is a neutral third party that holds onto funds or documents during a real estate transaction.

A shed that is permanently attached to the property may be considered a part of the overall property and therefore included in the inspection.

This means the home is in pre foreclosure.

Reach out to Real Estate Professional

You will need to stay in your home a minimum of 2 years because any financial gains you make will be taxed at a higher rate. Please check with your tax accountant for the details.

Because the listing is pending, I suggest you have your Realtor contact the listing agent to see if they would accept a backup offer. Offers can still fall through prior to close.

All Repairs are negotiable between a buyer and a seller.

Hiring a REALTOR®️ would be a good start. A good REALTOR®️ can actually help you maximize your profits when selling a home.

Have your agent review the appraisal and see which properties the appraisers chose as comparable and see if you need to order a second appraisal.

The MLS Multiple listing service is a tool/database Realtors use to market homes for sale. You would need to utilize a Realtors services in order to take advantage of the MLS service.

Typically, yes.

The best time to sell is usually spring time.

6% of selling price is what realtors usually charge , you pay at closing.

Yes, Pricing a property right from the beginning is very important. Too many price drops makes the buyer wonder what is wrong with the place or want to give a low ball offer on the home.

Thursday mornings is that the realtors are trying to get the home on the market right before the weekend when buyers are most apt to plan their weekend house viewing.

It really depends on the area, square footage and updates on the home.

believe that FastExpert should be able to direct you to a Realtor in your area to help get you answers to all your Real Estate needs.

You can absolutely list your home sale to include all furnishings. If there are any items of furniture or decor that you do want to keep, make sure your Realtor lists them as an exclusion.

A real estate agent can help you in listing the home and marketing the property properly so everyone knows the lease that is currently in place will remain in effect.