February 2006

Second Home Buyers Tend To Be Baby Boomers

By Ilyce Glink| 2006-02-07T00:00:00-06:00 February 7th, 2006|

Baby Boomers, those Americans born between 1946 and 1964, are hitting their prime second home-buying years. A recent study from the National Association of Realtors confirms that the most popular ages to buy second homes are from ages 55 to 65, followed by 45 to 55. Even if the second home market slows a bit, the numbers are still impressive: 78.2 million Baby Boomers who have an estimated $2 trillion in disposable income, according to the 2004 U.S. Census, and are set to inherit trillions more.

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Metrocities Mortgage

Metrocities Mortgage

By Ilyce Glink| 2006-02-07T00:00:00-06:00 February 7th, 2006|

Many real estate firms have brought mortgage lending inside the four walls of their office. But finding a good fit between a real estate broker and mortgage lender isn't always easy. Here's how in-house mortgage lenders work and how to be a smart buyer when negotiating with mortgage lenders.

Inheritance Property Sold To Investor, Other Heirs Want Property Back

By Ilyce Glink| 2006-02-07T00:00:00-06:00 February 7th, 2006|

What should you do if you inherit a portion of a home, but another heir sold his portion of inheritance property to an investor. The other two heirs want to keep the inheritance property and wants to get it back from the investor. Ilyce helps explain how to proceed with this inheritance property, and how to best protect your interests from the investor.

Calculating Profits On Home Sale

By Ilyce Glink| 2006-02-07T00:00:00-06:00 February 7th, 2006|

The cost basis of a property is calculated by adding the costs of purchasing the home to the costs of sale plus the costs of any capital improvements. Then, subtract the cost basis from the sales price. If your sales prices minus the cost basis doesn't equal a profit, you won't owe capital gains.

Monthly Archives: February 2006

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