Monthly Archives: January 2007
Helping Elderly Parents Deal With Home
Elderly homeowners have a mobile home that they would like to sell but can’t get insurance for the property because it is being rented. The homeowners should find an insurance company that may allow you to add a rider to the existing policy to cover the mobile home should anything happen to it before is sells. But it’s a good idea to get this property sold as soon as possible to avoid dealing with insurance and other problems.
Highway Will Affect Home’s Value
A home buyer is considering a home that has a 4-lane expressway proposed being built behind the backyard and wants to know if it will affect the home’s value. Having a major highway in the backyard could limit appreciation in the home’s value and be more of a nuisance than the buyer might realize. It might be wise to pass on this home and find one that will have an opportunity to grow in value.
Real Estate Market Predictions For 2007
Home sales may decline in 2007, following the trend from 2006. States with a weaker real estate market also have seen employment declines. Real estate industry experts point to the higher default rate for sub-prime loans and the high volume of home equity loans as affecting the real estate market.
Ilyce Glink on WSB Radio – January 21, 2007
On this week’s show, Ilyce Glink talks about President Bush’s proposal to increase the number of people who have health insurance. A number of listeners called in with their questions about health insurance.
Home Value Less Important Than Bathtub
Will a new tub or shower increase the value of your home? Some readers of Ilyce’s column prefer having a bathtub, regardless of how it affects a home’s value. Some people want a bathtub no matter what. Does having a bathtub affect a home value?
Property Transfer To Family: Inheritance Or Gift Best Way?
Should a person give a family member property or let the person inherit it? Ilyce tells the reader that inheriting property is better than receiving it as a gift because of the taxes involved. Putting the property in trust and bequeathing it to a family member upon the person’s death helps the receiver avoid gift taxes.
Hire Attorney To Resolve Title Problems
When your spouse passes away and the title to your home has the name of another individual on it, what can you do? One option is to offer to buy out the other party whose name is on the title to the home. Another option is to hire an estate attorney to resolve title problems.
Federal Tax Lien Lowers Credit Score
When a federal tax lien gets filed against you, your credit score will fall. What can you do to rebuild your credit score after you’ve paid off the tax lien? Paying your bills on time, not carrying a credit card balance and not closing old lines of credit all help boost your credit score.
Book Review: The Wall Street Journal Complete Real-Estate Investing Guidebook
Here’s one important rule to know about investing in real estate — you don’t make any money until you sell or lease your property. Choosing the right amount of rent or the right list price can make all the difference. These are some of the lessons learned and shared in a brand new book called The Wall Street Journal Complete Real Estate Investing Guidebook.
MyStateWill.com
I’m often asked who gets what if someone dies “intestate,” that is, without a will. If you die without a will, a judge in probate court will decide wh…
