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Divorce And Quit Claim Deed

By GlinkAndTamkin| 2005-10-24T00:00:00-05:00 October 24th, 2005|

Can a divorce settlement override a quit claim deed? Unlikely. If one spouse pays the other spouse his share of a property and he signs a quit claim deed, the first spouse does not owe the other one any money for a home. But when you're going through a divorce with assets, the judge will look at all the assets when deciding how to divide up property.

Architectural Details

By Ilyce Glink| 2005-10-17T00:00:00-05:00 October 17th, 2005|

The devil is in the details. "Inside the Not So Big House" by author Sarah Susanka, explains that a key takeaway for new homebuyers is to think quality, not quantity. Susanka believes architectural details can transform your home into your dream home, and she shows you exactly how to do it.

Renting Apartment Instead of Buying Condo

By Ilyce Glink| 2005-10-17T00:00:00-05:00 October 17th, 2005|

If you're debating over continuing to be a renter or buying a condominium, you need to assess your short and long-term goals. Short term - what do interest rates look like? How do you want to use your current resources - building equity or having the money to travel? Long-term goals include where you'll want to retire and if you want to have an asset like a condominium to help support you in retirement.

Sarah Susanka Interview

By Ilyce Glink| 2005-10-17T00:00:00-05:00 October 17th, 2005|

Sarah Susanka, author of the "Not So Big" books, talks about getting a good house for less money, and building the best home for your lifestyle.

Should Seller Have Disclosed Water Damage In House?

By GlinkAndTamkin| 2005-10-17T00:00:00-05:00 October 17th, 2005|

Most states have seller disclosure laws. These laws require a seller to disclose to a buyer known material defects in the home. The first issue is to determine whether the seller knew of the leak and should have disclosed it.

Mistakes When Selling A House

By Ilyce Glink| 2005-10-17T00:00:00-05:00 October 17th, 2005|

What are common mistakes when selling a house? There are many mistakes that can be made and they can trap even the smartest sellers. Here are some home selling mistakes made by a seller who is not happy with her broker.

IRS May Want Equity Forms For Quit Claim Deed Transfer

By GlinkAndTamkin| 2005-10-17T00:00:00-05:00 October 17th, 2005|

What do you have to do in terms of taxes if you gift your share of a property using a quit claim deed? It depends on how much equity you own in the property. If you have less than $11,000 in equity in a property you likely don't have to do anything. If you own more equity than that, then you may have to file forms with the IRS describing the value of your share of the property that you quit claimed. An accountant or estate planner should be able to help you determine the tax implications of signing a quit claim deed.

Inherited Real Estate Among Siblings

By Ilyce Glink| 2005-10-10T00:00:00-05:00 October 10th, 2005|

After inheriting real estate, ten siblings are in the midst of figuring out what to do with the residential properties they inherited. Knowing the value of the inherited properties will help them make informed decisions. An attorney is also advised to help this group sort out their inheritance.

Real Estate Business: Housing Market In Area Determines Whether To Start One

By Ilyce Glink| 2005-10-10T00:00:00-05:00 October 10th, 2005|

A couple contemplates moving to Tucson and starting a real estate business, but the housing market should determine whether it's realistic to start one. Besides the state of the housing market, another question the couple should ask before starting their real estate - how many real estate agents are in the area already? It turns out this is one of the hottest housing markets in the country and the couple could be quite successful starting a real estate business in Tucson.

Real Estate Contracts Answer Buyer And Seller Questions

By GlinkAndTamkin| 2005-10-10T00:00:00-05:00 October 10th, 2005|

Real estate contracts often contain the answers to your real estate questions. In this article, the buyers rejected the seller's response to a request for repairs. The seller claims they never got the fax and assumed the buyer accepted their response. Now, the buyer wants to walk away, but can they walk away? Ilyce Glink and Samuel Tamkin offer some helpful real estate advice to a homebuyer in need.

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