What is your home worth? The market value might depend based on the real estate market, condition of your home, amount of land associated with the property, amenities to your property and comparable properties’ market value. Learn more here about how to calculate the market value of your home and what it means for you.
Wait To Transfer Property Through Inheritance
It is probably better to transfer property through inheritance, rather than gifting or quit claiming the property. With inheritance, the property will be transferred at the market value of the day of the land, and both parties will avoid a big tax bill.
Seller Disclosure May Include Septic System Problems
When you buy a home and the home seller fails to tell you about problems with the home, the seller may have violated the concept of seller disclosure. Seller disclosure laws vary by state and to fully understand your recourse you should contact a real estate attorney. The seller may be liable for some of the costs of repairing the items they failed to disclose.
Flipping Real Estate In Down Market
What should you do when you were into flipping real estate and it's no longer profitable? Flipping real estate is less profitable when home market values go down. When the real estate market declines you should do your best to continue making mortgage payments so your credit doesn't get damaged.
Is Zillow.com Redlining Black And Latino Neighborhoods?
The thing I've always loved about the Internet is that it's by and large color blind. Whoever you are, whatever you do, you could go anywhere, tap int...
Real Estate Minute: How To Compare Incentives From Builders
Real Estate Minute with Ilyce Glink How To Compare Incentives From Builders Original Air Date: October 10, 2006
Figuring Capital Gains Tax On Inherited Property
When you inherit property you inherit it at the market value of the property the day the person who owned it died. This market value is your cost basis when you calculate taxes while selling the property. In addition to federal capital gains taxes you'll likely have to pay state taxes on the sale of the property inheritance. Learn how to calculate the taxes on a property inheritance.