What is a bridge loan for sellers?
A bridge loan is short-term financing that lets you tap equity in your current home to buy your next one before you sell. It “bridges” the gap so you can make a non-contingent offer on a new place, then pay the bridge loan off when your old home sells.
How do I handle a buyer requesting a long escrow?
Clarify why they need extra time (selling a home, relocation, loan type) and decide whether the benefit outweighs tying up your property longer. You can agree with conditions—like higher earnest money, tighter contingency dates, or a rent-back if you close earlier but let them move in later.
How do I handle a buyer requesting a short escrow?
Short escrows can be great if you’re ready, but only accept one if you can realistically meet the timeline for packing, repairs, and paperwork. Confirm the buyer’s financing is strong, inspections can be scheduled fast, and build in a rent-back if you need more time to move after closing.
What is a seller carryback loan?
A seller carryback (seller financing) is when you, the seller, act as the lender for part of the purchase price, taking back a promissory note and deed of trust from the buyer. The buyer makes payments to you over time under agreed terms, and if they default, you may have foreclosure rights similar to a […]
How do I use a 1031 exchange when selling an investment property?
When you sell an investment property, a 1031 exchange lets you defer capital gains tax by reinvesting proceeds into another like-kind investment property through a Qualified Intermediary. You must identify replacement property within 45 days and close within 180 days, following strict IRS rules on how funds are held and used.
Should I sell my home or convert it to a rental?
Compare your likely sale net proceeds to potential rental cash flow after expenses, vacancy, and management. Consider your tolerance for being a landlord and the tax impact—selling may create capital gains now, while renting can provide income but also future depreciation recapture when you eventually sell.
How do I maximize my sale price in any market condition?
Focus on three levers you can control: condition (clean, staged, key repairs), marketing (pro photos, online exposure, tours), and pricing (aligned with recent comps). Even in softer markets, homes that show well, are easy to tour, and are priced correctly relative to competition tend to attract stronger offers.
How do I sell a home I’ve been renting out?
You’ll follow a normal sale process but also plan for taxes on any gain plus depreciation recapture and coordinate around the tenant’s lease. Decide whether to sell vacant (after notice or lease end) for broader appeal, or sell occupied to another investor, and talk to a tax pro about capital gains and recapture on a […]
What is the process for selling a home in probate?
In probate, the court authorizes a personal representative (executor) to sell the property, often after getting an appraisal and court approval. Once authorized, you list the home, accept an offer, and close with probate oversight, then distribute net proceeds to heirs according to the will or state law.
How do I sell a home with a reverse mortgage?
When you sell, the reverse mortgage must be paid off in full from the sale proceeds, including all interest and fees. If the loan is due and payable, you may be able to sell for at least 95% of the appraised value, with any shortfall covered by mortgage insurance, but you won’t receive equity beyond […]