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What else can I help you with?
Will sale of condo by wife affect having to pay taxes on sale of house by husband?
Your tax advisor can answer your question.
Who pays for title insurance in Wisconsin?
Seller or buyer can pay for the title insurance. Whatever is mutually acceptable by both parties. In some states, the buyer always pays the entire fees. In other states, the seller always pays the entire fees. However, this can always be negotiated. I have seen split fees where the seller will pay for the searches and the buyer pays all premium, recording and incidental charges. Many sellers elect to have a Title Report (no insurance, just information) run on the property when they put it up for sale so there will be no surprises later on. If the buyer uses the same title agency for the sale, typically the title agency will not charge full search fees, instead applying what the seller has already paid for the Report, towards the final title closing fees. Therefore, the fees are negotiable and usually follow the standard practice for the area where you live.
Can you file for bankruptcy after the condo assn files for past due assessment fees?
Of course you can. In most states, condo fees become liens on the condo, so a secured debt. You would have to file a C. 13 and plan to pay off the arrears as a secured debt.
Are condo fees tax deductible?
Not usually. Your monthly assessments -- fees, you write -- pay to operate the community and save money for major repairs.
Is a seller concession the same as a seller contribution And do the agents lose some commission when there is a concession or a contribution?
A seller concession and a seller contribution are often used interchangeably to refer to the same practice, where the seller agrees to pay a portion of the buyer's closing costs to facilitate the sale. Typically, this does not directly affect the agents' commissions, as their fees are usually based on the sale price of the home, not the closing costs. However, if the concession reduces the net sale price significantly, it could indirectly impact the agents' commissions.
If a seller in contract agrees to pay all taxes until sale can they make buyer pay taxes instead?
No. The seller must honor the contract.
Does the seller pay the real estate commission?
YES, seller pays it to the brokerage(s) at closing, out of the proceeds of the sale.
Lost my job have not paid condo fees for years I own my condo and pay monthly mortgage but not enough money for condo fees. I am on ssi and food stamps.?
You can wait for the association to take action against you for the debt you owe, or you can take action and explore payment plans that fit into your current situation.
What is point of sale and advantages?
Well the point for sale and advantages is pretty obvious and simple both for the buyer and seller. If you are a buyer you don't have to pay much and for a seller they get more customers.
What are no fee apartments?
No Fee apartments are units for which you do not have to pay fees. In most cases those fees are brokerage fees. Owners can offer no fees directly to the public, or may pay the brokerage fee themselves. Understand that this can mean that the landlord has increased his price to offset the commission he pays. So you may end up paying more than if you had to pay a fee. Second, while a condo or coop can say no fee, there can be many fees like condo application fees, or move in fees that can add up to thousands in some cases. Courtesy of Think Properties NYC
When purchasing a home who is responsible for past due HOA fees - buyer or seller?
The seller should pay up to and including the day of closing.
Should the realtor or the seller pay for the sellers laywer?
It varies from state to state but most often the seller pays their own attorney fees.
