September 2017

Found 4 blog entries for September 2017.

What Paperwork is Needed to Sell Your HomeAnyone who has ever sold a home knows that there are a lot of different steps that go into the process. From cleaning and organizing to finding a real estate agent to partner with, it can be a complex task. One of the sometimes overlooked elements of a home sale has to do with the paperwork that’s involved.

In most cases, much of the contractual pieces will be drawn up by professionals, but having a number of types of paperwork handy can help to expedite the transaction.

The Basics

While it’s not often thought about, there are several important documents that need to be presented during the process of selling a home. Not only do mortgage lenders like to have some of this information, but much of it fulfills legal obligations to prove that

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What to Have When Buying a HomeBuying a home can feel overwhelming and stressful, especially when sorting through pages of potential property listings, and prospective buyers may feel bogged down in questions about the home-buying process. Whether it's the first time or fifth time, in Desert Shores or elsewhere, there are several important steps homebuyers should follow.

Know How Much Home You Can Afford

Deciding on a budget is the first step in home buying. In general, it's recommended to avoid looking at homes that cost more than three times your annual income, stick closer to two times. On average, a mortgage payment should not exceed more than 25 percent of your monthly gross income. However, if there are other high monthly bills that also need to be paid, things like

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What to Know About the Capital Gains TaxUnder the federal tax code, citizens are expected to pay taxes not only on earned wages, but also on money made through investment and other types of financial activity. Until 1997, even money resulting from the profitable sale of a personal home was subject to capital gains tax, although there were some ways to lessen or eliminate the tax burden. There was also a potential exclusion of $125,000, but it involved detailed record-keeping and represented a lifetime limit that applied only to sellers aged 55 and over.

The Tax Exclusion Law of 1997 changed all that. For the past 20 years, for the majority of home sellers, any money realized from a home sale has been exempt from federal capital gains tax. However, if you have lived in a home for 30

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How Buyers Can Choose Between Condos or Single Family HomesWhen it comes time to make your first real estate purchase, does it seem like a condo or a single family home would work better for your particular needs and lifestyle? What about the decision to buy or rent? It’s a hard question to answer because without having experienced both scenarios, it might just leave you guessing. Both housing options have benefits and potential drawbacks when considering Aliante homes, so let’s explore both to get a better idea of what might be the right fit.

Condo Living 101

Individuals who live in a condo will certainly say they love where they live, but as nothing is perfect, there may be a few things about this housing option that leave people wanting more. One of the more obvious benefits of purchasing a condo

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