Can I sell my house for whatever I want?
Can I sell my house for whatever I want?
You can sell your property for whatever the buyer is willing to pay. If you hire a Realtor to handle your sale, you will be expected to pay them a commission of probably 6 percent. But if you’ve already found yourself a buyer (your friend), you may want to negotiate a reduced commission with the Realtor.
Do I have to sell my house to pay for my husband’s care?
A: As long as you are living in the marital home no-one will make you sell it and the property value will not be taken into account in determining how much, if anything, your husband must contribute to his care costs. If your husband receives a state pension or state benefits, these must be used towards his care costs.
How do you determine market value of a house?
Divide the average sale price by the average square footage to calculate the average value of all properties per square foot. Multiply this amount by the number of square feet in your home for a very accurate estimate of the fair market value of your home.
How do you find the fair market value of your home?
When it comes to determining fair market value on a home, the following definition is helpful: “Market value is the price at which a particular house, in its current condition, will sell within 30 to 90 days.” To determine a home’s value, most people use an appraisal or comparative market evaluations.
What is the value of a house called?
Appraisal: A determination of the value of something, such as jewelry, stock, or, in this case, the house you plan to buy. Your bank or other lender will require the appraisal in order to ascertain the worth of the house for lending purposes.
What is it called when you sell your house and buy it up?
The legal process of moving This is called ‘conveyancing’, and is the legal process of transferring ownership of a property from one person to someone else. When you buy and sell a house simultaneously, you’ll be going through the conveyancing process twice. This creates what’s called a ‘property chain’.
