FAQs blog
Q1.
Will I owe taxes when I sell my house?

Taxpayer Relief Act of 1997, many home sellers no longer owe taxes on the gain they make when they sell their houses. Married taxpayers who file jointly now get to keep, tax-free, up to $500,000 in gain on the sale of their home, as long as they lived in it for two of the prior five years. Single folks and married taxpayers who file separately get

Q2.
When will I meet my prospective home buyers?

If you use a real estate agent to sell your home, you probably won't meet your buyers until after the closing if then. Your agent (or the buyer's agent) will handle visits to the house by potential buyers and probably encourage you to make yourself scarce during those visits lest you blurt out something you regret later. Even closings are often don

Q3.
How much does it cost to buy a tiny house?

It only cost around $6000 to build. Contractor-built Tiny House: $10,000  $80,000;$35,000 average: Of course, this class of tiny houses will have the biggest spread. Size, materials, contractor experience and the area you're building in all have an important role to play.

Q4.
Can one take 401(k) to buy a house?

Yes, in some cases you are able to take a limited amount of funds from your 401(k) to purchase a house. Your Roth IRA and/or Traditional IRA would be a better source of funds, however, if you are a first-time home buyer. You would also be better off if you continued to save additional funds to purchase a home instead of taking funds from your retir

Q5.
What are the Best Ways To Find Cheap Housing?

The Best Ways To Find Cheap Housing Are: 1)Look in Other Neighborhoods/Cities. 2)Know Your Budget. 3)Use Networking. 4)Go Through a Local Affordable Housing Authority.

Q6.
How do you buy a house in foreclosure?

Get a broker on your side. The goal of combing through foreclosure listings is not to find a house; it's to find an agent. Banks usually hire one or a few real estate brokers to handle their REO properties in a market. In a lot of cases, the buyer works directly with the bank's broker instead of using a buyer's agent.