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About the Buyer’s Market

By | June 9th, 2007|

An economist, an investor, and a home builder talk about the current state of the real estate market. Homes are still selling, though the real estate market has slowed. When $1 trillion in adjustable rate mortgages resets in the next year will determine whether the real estate market slowdown bottoms out this year, next year or at some indeterminate time in the future.

How To Write A Real Estate Book

By | June 8th, 2007|

A prospective author is hoping to write a book on how to invest in vacation property. Real estate book writing is a crowded market, but here are a few tips on how to get started.

Converting 1031 Exchange Property Into Primary Residence

By | June 7th, 2007|

When using a 1031 exchange to convert investment property into a primary residence, a homeowner must wait at least three years. Before converting from an investment property to a primary residence, make sure you understand the IRS rules to shield capital gains tax.

Tenants By The Entirety

By | June 6th, 2007|

When a married couple hold a house as tenants by the entirety, it means that the spouse inherits the other spouse's share of the property when he or she passes away. It's like being joint tenants with rights of survivorship. The house is the surviving spouse's to keep or to sell.

Selling Investment Property Includes Paying Taxes

By | June 4th, 2007|

Selling an investment property includes paying income or capital gains taxes, depending upon where you live. After you pay capital gains taxes on your profit from selling an investment property, how much money do you have left? One possible scenario includes real estate commission costs, capital gains taxes and state income taxes. Learn about how to calculate taxes when selling investment property here.

Real Estate Agents And Lockbox Use

By | June 2nd, 2007|

When a real estate agent uses a lockbox on a property - is the seller receiving subpar service? Many real estate agents use lockboxes on properties so that the seller or agent does not have to be present when a home buyer wants to tour a house. But others believe agents should try harder to attend the showings or send a representative to show how much value they're adding to their commissions.

Mortgage Company Appraisal Comes In Low

By | June 1st, 2007|

A home seller accepted an offer on her home when the buyer's mortgage company appraised the property at a lower value. The rising level of foreclosures and defaults is forcing mortgage lenders to be more careful about appraisals and making sure homes are really worth what buyers want to pay. It might be beneficial to have another appraiser look at the house.

Inheriting A Portion Of A Property

By | May 31st, 2007|

What happens when you inherit a fraction of a property? How can you work with the other heirs in a buyout of the inheritance? Determining a fair price for inherited property can be tricky in an iffy real estate market.

Structural Problems Found After Purchase Of Home

By | May 29th, 2007|

During the purchase of a house, the buyer had the home inspected by a professional home inspector. The home inspector pointed out a few minor repairs that were needed, but the buyer purchased the home anyway. Now the homeowner has discovered more serious structural damages, and is wondering what recourse he has against the seller. They may not have a case against the seller unless the seller breached his or her representations and warranties relating to the condition of the property under the purchase and sale agreement for the home or the seller failed to disclose matters that the seller was required to disclose under any seller disclosure law.

Tenancy By The Entirety With Inheritance

By | May 28th, 2007|

With inherited property, tenancy laws may vary from state to state. In some states, you can choose tenancy-by-the-entirety. It isn't available everywhere, but in some cases the outcome is essentially the same as joint tenancy with rights of survivorship

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