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This has been confusing for new home buyers for years. The new home warranty is the builder’s, but the home buyer pays a fee to Tarion for it, bundled into the price of the new home. Tarion is a third party administrator between the homeowner and builder. ...
“Some people refer to that as phantom income because no cash is trading hands,” says Rob Dietz, a housing economist with the National Association of Home Builders. It is up to you to know what exceptions can eliminate the burden of Cancellation of Debt income. For example, debt forgiv...
Potential buyers are increasingly drawn to homes with solar panels already in place, as they signify energy efficiency and lower utility costs. Solar-powered homes are seen as more desirable in today’s market, offering a competitive edge when it comes time to sell. Plus, studies have shown ...