Teresa Tylisz's (teresatylisz) Blog

THE BOTTOM LINE Sellers: Free Bottom Line Analysis of Net Profit To find out how much money you'll net from your house, add up your closing costs and subtract them from the sale price of the house. Closing Costs for Sellers Mortgage payoff and outstanding interest. Prorations for real estate taxe...

1. Get estimates from a reliable repairperson on items that need to be replaced soon, a roof or worn carpeting, for example. In this way, buyers will have a better sense of how much these needed repairs will affect their costs.2. Have a termite inspection to prove to buyers that the property is n...

HOUSE HUNTING without a REALTOR?: First of all, the sellers pay our commissions, not the buyers. Think you can save money by house-hunting on your own, and asking the seller for a discount since you're not represented by a Realtor? Guess what? You'll just do the listing agent a favor by doubling ...

Questions to Ask When Choosing a REALTOR®1. How long have you been in residential real estate sales? Is it your full-time job? While experience is no guarantee of skill, real estate, like many other professions, is mostly learned on the job. 2. What designations do you hold? Designations such as ...

Tax Benefits of Home OwnershipThe tax deductions you can take for mortgage interest and property taxes greatly increase the financial benefits of home ownership. Here's how it works. Assume: $9,877 = Mortgage interest paid (a loan of $150,000 for 30 years, at 7 percent, using year-five interest) ...