How to Beat Out an All Cash Buyer in a Seller’s Market
Buyer uses one of my favorite strategies to beat out an all cash buyer. This summer has been a robust seller’s market with first time buyers being all cash buyers in many cases. This makes it hard to look like an attractive, safe buyer with one’s $20k for a down when...
How to Avoid Making a Contingent Offer
You have to sell, and close escrow on your current house before you can buy another house. FALSE! While it’s true that in a seller’s market that you should make a non-contingent offer so that you look as strong as possible, and so the seller does not worry about your...
Are Townhomes Houses or Condos?
Town homes are like houses. TRUE… but they are legally condos. You may not have neighbors upstairs or downstairs, you may not even have any attached walls with the neighbors, but it still may be a condo. Many buyers think that a town home is a single family...
Do You Pay Tax on a Cash Out from a Refi?
You pay tax on the cash out on a refi. FALSE! I recently was reminded by a client that there is a common misconception out there that the cash out you get when you refinance is taxable. This is not true. The tax on any property’s gain (capital gain or the amount above...