Selling a house for less than its market value might sound straightforward, but it’s rarely that simple. When you sell a house below market value, the IRS can treat the difference as a taxable gift, and capital gains tax rules might still come into play. It’s one of those things you don’t want to stumble […]
Tax Implications Of Selling A House Below Market Value And What Homeowners Should Know Read More »
In real estate, things rarely go as smoothly as anyone hopes. Properties can bounce from listing to contract and right back again – if a deal falls through, you’ll see a home marked as BOM. BOM, or “Back on Market,” just means the place was under contract but is now up for grabs again. Naturally,
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Selling a house that isn’t up to code can feel hard, but you can still do it if you know what’s ahead. You can sell a house with code violations, but you must inform buyers about what they will get. In fact, people who pay with cash or investors often look for such houses, so
Selling a Home That’s Not Up to Code: Key Considerations for Homeowners Read More »
Selling your home fast gets a lot trickier when lien issues pop up. Liens are legal claims against your property that have to be dealt with before you can hand over ownership. If you don’t clear them, you risk major delays – or even losing your buyer altogether. Whether it’s unpaid taxes, a contractor bill,
Lien Issues Before a Quick Sale: What Homeowners Need to Know Read More »
Selling a home in a Homeowners Association (HOA) community gets tricky fast if you’ve got active violations or unpaid fines hanging over your property. These issues can stall – or even tank – a sale, since most HOAs insist that everything’s cleared up before they’ll greenlight a transfer. So, if you’re thinking about selling, honestly,
How to Deal with HOA Fines or Active Violations When Selling Your Home Efficiently Read More »
Selling a house that needs major repairs can feel overwhelming, especially if you don’t have the time, money, or even the energy to take on big fixes. You can absolutely sell a property as-is and skip all those expensive renovations – there are buyers out there who actually want a project. This route can save
Selling a House That Needs Major Repairs – How to Find Buyers Without Making Fixes Read More »
Note: The following article is for informational purposes only and is not to be considered legal advice! In Colorado, the concept of “squatters rights” falls under the adverse possession law. This law allows individuals to legally claim ownership of property they don’t technically own. To claim adverse possession in Colorado, an individual must openly and continuously
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Tax Consequences When Selling An Inherited House Inheriting a home is a pretty sweet experience, yet bitter at the same time. You are left with great property value you can use to improve your life, but you are still mourning the loss of a loved one. Are you thinking of selling your house in Denver,
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How to Avoid Foreclosure If you’re facing foreclosure in Denver,, Colorado, there are several options available to help you avoid losing your home: Negotiate with Your Mortgage Lender Many banks are willing to work with homeowners who are struggling to make payments. If you haven’t missed a payment yet, you may be able to renegotiate
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