The ins and outs of 1031 Exchanges Often part of an investor’s strategy is to eventually sell one property and buy another property (or properties.) Unless steps are taken to avoid it, there will be taxable consequences when this occurs. Using a 1031 Exchange, an investor can avoid the taxation that would normally occur with such a sale. Simply put, the IRS has an option for investors to defer taxation…
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A PIN for a property is basically a social security number for a person. Just imagine purchasing land for example, building a home on it, and then finding out the PIN was incorrect and you just built your new home on the wrong lot! It has happened, it actually happened recently and this is one of many details experienced Real Estate brokers know to verify. The Property Up Team. Article…
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Daring or danger? Some good discussion on the risks of settings your price too high. NATURALLY, EVERYONE WANTS TO GET THE BEST PRICE POSSIBLE FOR THE SALE OF THEIR HOME. But if you start out with a high sales price, then have to drop it later -- your house becomes "old news". It will be difficult to recapture that new-to-market frenzy of initial interest you might have had with a…
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