Basically, the purpose of earnest money is to show a seller that you are a serious or “earnest” buyer. This post answers the questions, “How much earnest money should I give”, ” Can I lose my earnest money?”, and “Can I cancel my contract and get my earnest money back?”
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When you sell a stock, you owe taxes on your gain which is the difference between what you paid for the stock and what you sold it for. The same is true with selling a home (or a second home). This gain is referred to as a capital gain and there are some special considerations to think about…
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This is a list of frequently asked questions that people have regarding home inspections, which can be both a stressful, as well as a very informative, experience. A home inspection can offer peace of mind to a buyer when deciding to buy a home.
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When buying or selling real estate, it can be time consuming, difficult and even expose you to legal and financial pitfalls unless you are working with a trained professional. This article is not just an opportunity to toot my own horn. Here are five compelling reasons why working with a REALTOR® may be in your best interest:
Read More →The eye of an appraiser
REALTOR® Associate
Contact: (334) 333-1609 or michelle@c21keyrealty.com
An appraisal can make or break a sale, so make sure the appraiser is reputable and experienced. Getting an appraisal can help you also to set the price of your house if you are looking to sell. Remember, an appraiser looks through the eyes of a buyer and what the average buyer is looking for in a new home.
Read More →7 homeowner tax advantages
Originally published on March 11, 2010
When you’re evaluating how much home you can afford, make sure you factor in the tax advantages of homeownership.
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So your agent calls and says that he/she has received an offer to purchase your home. What are your options? More importantly, what is your best option?
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I’m sure you’ve seen them; the alphabet soup of letters that some real estate agents have after their names. This will help explain some of them for you.
Read More →MLS is an abbreviation for Multiple Listing Service. Nearly all of the real estate companies in Dothan are members of the Dothan Multiple Listing Service, Inc., which basically is a central database of all the information on the homes listed for sale by each member company.
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