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Preview: Edith Lank - ArcaMax Publishing

Edith Lank - ArcaMax Publishing

Edith Lank News Feed

Copyright: Copyright 2016 ArcaMax Publishing

House Calls: Land Contract and Homeseller Exclusion


Edith: I read in your column that there might be no federal income tax for the sale of a longtime home. Two years ago I sold my home of 22 years on a land contract. The price is less than $200,000. Does this no-tax rule apply to the monthly ...

House Calls: Belt and Suspenders


Ms. Lank: What does it mean when a property shows up in the multiple listing system as a new listing with a pending offer? I get email updates about my area from a couple of different real estate offices. The email I received today regarding a ...

House Calls: Moving Out of State


Hello! My mother asked me to write to you with some questions. My parents recently sold their home in Colorado, which they'd lived in since 1975. Since 2014, they'd had a caretaker live in the house while they tried out life in Florida. Now they ...

House Calls: Think of Interest as Rent


Dear Ms. Lank: I inherited some money when my grandmother died last winter, and as you wrote in a recent column, it could be a good investment to pay off the mortgage on my house. I wrote to my bank, and they sent me a figure for paying off the ...

House Calls: Wants Tax Deduction


Ms. Lank: We have a 5 percent mortgage on our house, and my husband wants to pay it off. I feel this is a wrong move because we deduct the interest payments on our income tax return, which saves us on income taxes. We've been going back and forth ...

House Calls: More Reader Comments on Home Staging


Readers are still sending in comments about the rant from a seller who resented trying to live in her professionally staged home while it was on the market. Some sellers agree, but say that staging is worth the discomfort. Some sellers disagree. ...

House Calls: Understand the Difference Between Decorating and Staging


A few weeks ago a reader wrote in with what she called a rant -- an account of the "grief" she and her husband felt after their real estate broker staged their longtime home to put it on the market. She couldn't believe buyers would rather see a ...

House Calls: Absentee Real Estate Investment


Dear Ms. Lank: My son is interested in renting out his home, as he received a job offer in another state. Three years ago I bought your book, "The Home Buyer's Kit," to help him. Does this book have current information for landlords, or do you ...

House Calls: Are Commissions Negotiable?


Dear Edith: I read that a Realtor commission is negotiable. Is this true? Are smaller firms more willing to negotiate commissions? Selling a house is a very complex process! I am learning. -- T. Y. Answer: There is no official or legal rate for ...

House Calls: Rant About Living in a Staged House


Dear Edith: As a faithful reader of your column and previous real estate agent, I thought I understood how the process would go when we put our house on the market this June. Little did I know how the process has changed since I was in the ...