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Buyers Remorse >Patience is Required
Sellers often have to deal with a buyer's anxiety. For example, you may have reached an agreement with your buyers and signed the paperwork for the sale of your home. After all of the documents were signed, however, the buyers began to behave strangely, getting somewhat agitated and making additional demands.
It is important to remember that people experience a high level of stress when they are buying a house. Your buyers may be suffering from "Buyers Remorse"-- that intense feeling that they have paid too much and that the house is going to fall down as soon as they assume ownership. They may start questioning the fine points of the structural integrity of your home or ask you to include your new washer and dryer and power mower in the transaction.
Don't take it personally if your buyers begin going through the "home-buying jitters". Be patient, and allow the real estate agent to do whatever "hand holding" is necessary to get the buyers happily settled in your home.
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| Q |
What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?
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| A |
One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million. |
 See More Real Estate Trivia > |
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