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You’ve been offered a new job — great! But it’s in another city. And you own your home.
While you may be excited about the career opportunity and the chance to relocate somewhere new, there are so many hurdles to jump over between the day you get the offer letter and finally being settled in your new city, with all the loose ends tied up. Before you make any decisions, make sure you review the options you have for dealing with your current house.
Don’t judge a termite by its ¼ of an inch size —these destructive little pests like to hang out in big groups and wreak more havoc on a home than a teenage house party. Not to mention they’re virtually everywhere: termites live in 49 out of 50 U.S. states (it’s too cold for them in Alaska…everyone else, watch out!), and there’s no less than 2,000 known termite species in the world.
As with so many big decisions in life, there is no easy answer to this one. Renting out the home and selling the house each offer advantages, and potential drawbacks, that you must weigh carefully before making a decision.
There can be pros and cons to both selling or renting your home.
In the United States, “squatter’s rights” isn’t a list of specific rights, but refers to a specific form of adverse possession, a legal principle that we inherited from England and has been around, in one form or another, for ages.
Adverse possession allows for real estate to change ownership without payment if someone occupies another person’s property while meeting certain requirements for a set amount of time without the owner getting rid of them.
If you have a home listed for sale, chances are you’ve either noticed the abundance of roadside signs that read, “We Buy Homes Fast!” or perhaps you’ve even received an offer to purchase your home from a real estate investor. The real estate market has changed dramatically over the last decade and it’s becoming more and more common for a typical home seller to encounter investors.
Going through a divorce brings on extreme emotions and having to deal with selling a home is one of the last things you’d want. The sale of a house usually comes because one of the two involved can’t afford it. The same income that went to support one household is now going to two households, and the cost of divorce can be outlandish. The cost isn’t limited to lawyers’ fees.
