Tag: taxes | Heartland Buys Houses

How Much Your Empty House in Chicago is Really Costing You

April 21, 2022

So you have listed your home for sale on the market and already spending the profits in your imagination. But have you taken an accounting of all of the possible funds you’ll need on hand before the house ever sells? Or the potential amount the time on the market could cost? It can be expensive … Continued

What Decatur Home Sellers Need to Know About Closing Costs

November 25, 2021

By Don Wede

Each step in the process of selling your home on the traditional market comes with a cost. Then, after all of the anticipation, you have finally sold your home, and the new focus becomes the complex closing process wherein the title on the home transfers to the new owners. So often, sellers’ purchase of their … Continued

Calculating Your Holding Costs: A Guide for Homeowners Who Are Selling Property in Schaumburg

November 12, 2021

By Don Wede

Homeowners often find themselves spending thousands of dollars in prepping costs before selling property in Schaumburg and months into listing a property lingering on the market when they ask themselves, “why didn’t anyone warn me about this.” While not typically considered as a part of the cost to list a home on the traditional market, … Continued

Costs of Holding Onto An Inherited House in St. Louis

May 28, 2021

By Don Wede

So, you have inherited a house, while this may sound exciting, the reality is less than a pleasure. The truth, however, is that you have inherited expenses along with the house. Well-intentioned loved ones all too often leave their property in their will to beneficiaries that are already struggling to afford their monthly bills. Often, … Continued

Tax consequences when selling an inherited house in Chicago

April 27, 2018

By Don Wede

Receiving a house as an inheritance brings both joy and sorrow. On the one hand, you’re granted a valuable asset that has the potential to enhance your life. On the other hand, there’s the weight of grief from losing a dear one. During this phase, a common question arises: “What are the tax consequences when … Continued

Will Selling Cost You Money in Chicago?

January 10, 2018

By Don Wede

Are you thinking of the selling cost when selling your house in Chicago? Before you make a decision, it’s crucial to understand the potential selling cost involved. Many people put their homes on the market without fully grasping the financial implications. There are various fees and expenses that may catch you by surprise if you’re … Continued