by maria | Sep 13, 2016 | Exclusive QA |
If you sell your home and realize a taxable gain even after the exclusion, you can reduce your gain with selling costs. Your gain is defined as your home’s selling price, minus deductible closing costs, minus your basis. The basis is the original purchase price of the...
by maria | Sep 13, 2016 | Exclusive QA |
A landlord agrees to give a renter an exclusive option to purchase the property. The option price is usually determined at the outset, but not always, and the agreement states when the purchase should take place—whether, say, six months, or a year or two down the...
by maria | Sep 13, 2016 | Exclusive QA |
It is an agreement between a renter and a landlord in which the renter signs a lease with an option to purchase the property. The option only binds the seller; the tenant has a choice to make a purchase or not. Lease options are common among buyers who would like to...
by maria | Sep 13, 2016 | Exclusive QA |
The interest rate on a purchase money note is negotiable, as are the other terms in a seller-financed transaction. To get an idea about what to charge, sellers can check with a lender or mortgage broker to determine current rates on mortgage loans, including second...
by maria | Sep 12, 2016 | Best Practices, Latest News, Lead Gen, Lead Story, Trending |
Success is defined not only in terms of sales volume or the size of a brokerage, but also in terms of your referral network. People often say: It’s not what you know, but who you know. With that in mind, a large referral network is the lifeblood of all successful real...