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Home inspections are required to ensure safety and value both for the buyer and seller of a home. Inspections protect the seller from lawsuits and guarantees that both parties are aware of any issues that may exist prior to sale. Conversely inspections insure that buyers are protected from any preexisting conditions that may effect value and safety of a property.

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How can you be your own realtor when buying or selling a home?

To be your own realtor when buying or selling a home, you can research the market, set a budget, negotiate directly with sellers or buyers, handle paperwork, and coordinate inspections and closing details on your own without hiring a real estate agent.


When selling your house does the balance of the home equity line have to be included in the price?

The balance of your home equity line (if it is a lien on the home you are selling) will be deducted from the money you receive at the closing of the sale and paid to the bank holding the note. That clears the loan for you and removes the lien on the house for your buyer.


What does mortgage home improvement mean?

It means that you take out a second mortgage to help make home improvements on your house. This often raises the value of your house if you are selling it.


What expenses can you deduct on your taxes when selling a house?

When selling a house, you can potentially deduct expenses such as real estate agent commissions, legal fees, and certain home improvement costs from your taxes.


Can you explain the process of a house trade in?

A house trade-in is when a homeowner sells their current home to a builder or developer in exchange for a new home. The homeowner typically trades in their existing property as part of the payment for the new home. This process can simplify the buying and selling process for the homeowner, as they don't have to worry about selling their current home on the open market.

Related Questions

Should I renovate my house before putting it on the market?

It would help to increase the value and potential selling price if the home is rennovated prior to being put up for sale.


Selling a new house in toronto Do I pay hat on selling my new home?

Yes, you may pay income tax for selling your new home in Toronto.


what type of pest inspections should I have done when purchasing a home?

It is important to have a termite inspection done when purchasing a home. Additionally, the inspector will determine if you have any other infestations prior to closing.


Is selling a home in 2013 harder than selling a home ten years ago?

Yes selling a home in 2013 is a lot harder then selling a home ten years ago. Many people are in debt or loosing their jobs and can not afford to buy a house.


How can you be your own realtor when buying or selling a home?

To be your own realtor when buying or selling a home, you can research the market, set a budget, negotiate directly with sellers or buyers, handle paperwork, and coordinate inspections and closing details on your own without hiring a real estate agent.


Who pays for septic system inspection when selling a house?

The buyer normally pays for all inspections as part of his due diligence when finalizing the purchase of a home. Added: the parties are free to contract any terms and conditions of the sale, which usually identifies which party will be responsible for any inspections. For example, in a commercial transaction, it would not be uncommon for a specialized inspection to be split between the parties.


Are spas inspected during home inspections?

They could be if requested. Spas are not required in home inspections but some inspectors have spa and pool inspections listed as additional services for an additional price.


What is the average selling price for a house in Cork?

The average selling price for a house in Cork is going to depend on a number of things such as the size of the home and also the size of whole property.


When selling your house does the balance of the home equity line have to be included in the price?

The balance of your home equity line (if it is a lien on the home you are selling) will be deducted from the money you receive at the closing of the sale and paid to the bank holding the note. That clears the loan for you and removes the lien on the house for your buyer.


What does mortgage home improvement mean?

It means that you take out a second mortgage to help make home improvements on your house. This often raises the value of your house if you are selling it.


What expenses can you deduct on your taxes when selling a house?

When selling a house, you can potentially deduct expenses such as real estate agent commissions, legal fees, and certain home improvement costs from your taxes.


What has the author Joan Meyers written?

Joan Meyers has written: 'Buying and selling a home in today's market' -- subject(s): Home ownership, House buying, House selling, Real estate business 'John Fitzgerald Kennedy...as We Remember Him'