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Sellers: Before You Finalize Your Taxes, Here are 5 Write-Offs

Paying taxes is never fun, but you may be able to find ways to keep a little extra money in your pocket when filing. If you’ve recently sold your property, there are several different tax deductions you’ll want to be aware of, including the following.

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INFOGRAPHIC: Your Home Inspection Checklist

Don’t miss the opportunity to have the home you plan to purchase inspected before you finalize a real estate contract. Before you close on a deal, make sure the following components are checked out during the home inspection.

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What Exactly is a Mortgage Transfer?

With the typical sale of a property, the new owners usually apply for a mortgage to finance the purchase. When the sale is finalized, the new owners begin paying their new mortgage with the set of terms and interest rate that were agreed upon with their lender. But in some circumstances, a mortgage may be transferred from the sellers to the new owners.

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What Types of Liens Can Cloud the Title on My Property?

Real estate transactions aren’t always free of unpleasant surprises. Sometimes a home inspection will uncover an unknown issue or the buyer won’t be able to secure financing despite being pre-approved. But there’s another potentially unexpected issue that can arise after an offer has been accepted: property liens.

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Can a Load-Bearing Wall Be Removed When Renovating?

Open concept floor plans have become incredibly popular among homeowners and buyers. As such, many homeowners have been opting to knock out existing walls in their homes in order to swap their traditional segmented layout for something more open and free-flowing. But before taking a sledgehammer to a wall, it’s imperative to make sure that it’s not a load-bearing one.

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INFOGRAPHIC: First-Time Homebuyer Stats

What do today’s first-time homebuyers look like? The following stats will help paint that picture, as compiled by the National Association of Realtors (NAR).

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Pros and Cons of Buying in a Gated Community

A gated community is basically a neighborhood of homes that can only be accessed by residents and their invited guests. Before you decide whether or not a gated community is right for you, consider the following pros and cons first.

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How to Handle the Final Walk-Through Inspection Before You Close

The final walk-through of a home is your last chance to make sure all is as it should be before you close on the deal. Here are some tips for conducting the final walk-through of the home you’ve agreed to purchase.

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How Long Does the Closing Process Take on a Home Sale?

Whether you’re on the buying or selling end of a real estate deal, you probably have a specific date in mind for when you’d like the deal to close. But generally speaking, closing shouldn’t be too quick nor too long.

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