“Buy a home in my twenties? Who, me?” If this is you, we get it. The thought of buying a home often seems like something that older people do. The truth is, however, there are plenty of perks to being a young homeowner. And if you’ve got the financial means, what are you waiting for?
[Question]I’m thinking about selling my house and then renting for a while. Will I have to pay higher capital gains taxes on my home sale because I’m not rolling over the money to a new house? [Answer]No. You’re thinking of the old law, under which people could delay paying taxes on their home-sale profits if
Homes in America are selling like hotcakes, with the exception of some properties in the luxury market like the $19.75 million “Versailles in Manhattan” nobody wants to buy. The time it takes for a house to go from listing to sale keeps falling because there are’s an abundance of buyers waiting to pounce and even stretch
As a first-time home buyer, you probably assume your realtor or real estate agent will do the dirty work of negotiation for you. While that may be true, or you might take a DIY approach selling by owner, make sure you’re not missing any opportunities to bargain for what you want—whether that involves closing costs
The millions of millennials who are living at home with their parents or shacking up with roommates will soon want to get married, have children, and buy homes, boosting household formation and creating even stronger demand for scarce housing, a report from Freddie Mac predicts. According to the company’s most recent Insight Report, millennials are
Know what to expect Buying a house is one of the largest financial commitments many people make in their lifetimes. Between the down payment, principal, interest, taxes, and insurance payments, utilities, maintenance, repairs, and updates, the financial outflows can be overwhelming. A key aspect for most homebuyers is a mortgage — a loan secured by