As a rental property owner, there may come a time when you want to sell them and buy something new. When that times come, you could face serious tax issues. Kiplinger explains there may be another option called a 1031 tax-deferred exchange. The details A 1031...
Should you purchase an owner’s title insurance policy
If you are purchasing real estate, you have an option to purchase title insurance as part of the closing package. Your lender typically requires that you buy a lender's title policy. A lender's policy does not protect the rights of the owner. Title insurance requires...
What are some red flags in an inspection?
There is a misconception that when you buy a new property, you take a significant risk. While there are always risks included in a new purchase, you can limit those risks by having a home inspection. According to the U.S. News, an inspection may shed light on the...
What can you do if a tenant wants to terminate their lease?
You have to protect your best interests as a property owner, especially if you have tenants living in your building. A part of protecting your investment is to build a good relationship with your tenants. According to CNBC, many tenants nowadays experience life events...
What home-buying mistakes can you avoid?
When you purchase a home, it is sometimes easy to get caught up in mistakes even if you have already gone through the process before. Thus, one of the best ways to prepare for a new home purchase is through the review of common home buyer mistakes. Once you have a...
Which tenant’s rights should you protect?
If you are in dispute with your landlord, you may feel overwhelmed. After all, property owners may make you think that you have little right to a dispute. According to U.S. News, many tenants do not always know their rights. To know when to fight, you need to know...
What do you need to know about party walls?
With the real estate market booming in and around Denton, you may be looking for ways to maximize your budget. If you cannot afford a single-family dwelling or have little interest in owning one, investing in a rowhouse or condo may help you turn your homeownership...
Do you know these common foreclosure scams?
Despite your hardest efforts, you face the possibility of losing your Texas home to foreclosure. Do you know how to spot scammers looking to take advantage of vulnerable homeowners? The Office of the Comptroller of the Currency investigates common foreclosure scams....
The value of pre-approval for a mortgage
The home buying process in Texas involves a number of steps for both buyer and seller. People who do not spend adequate time preparing may lose benefits and end up settling for a less-appealing outcome. For buyers, in particular, a competitive real estate market means...
Seller’s responsibilities to disclose defects to buyers
Buying a new home can be an exciting time for people in Texas. It could be a first home, a bigger home as people’s families grow, a home in a new town when people may move for a job or other reasons. When people research the home they may want to purchase, they look...
