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Selling Commercial Real Estate And Tax Deduction

By | August 19th, 2005|

When you want to sell commercial real estate to a non-profit such as a church, the group may not be able to pay you full property value. What can the non-profit do to make the commercial real estate sale worth it for the seller? The group may be able to offer the seller a tax deduction in exchange for a cash contribution in addition to the property. It's important to involve an attorney in the transaction.

Buying Property Without Spouse

By | August 19th, 2005|

Can you purchase a property without your spouse? It is possible to buy property without your spouse, but it's unclear why one spouse would want to purchase property without the other. Just because a house is titled in one name doesn't mean the other spouse doesn't have a right to that property.

When To Let A Good House Get Away

By | August 12th, 2005|

Buying a house? The house you want to buy may be more trouble than its worth. Sometimes the best thing that can happen is to have to let a house "get away" because it has too many problems. It's tough, but usually it's a blessing in disguise.

Real Estate Agents: Selling Your Home Requires The Best

By | August 12th, 2005|

What should you do if your real estate agent doesn't actively try to sell your home? It's best to take action quickly, which may mean firing your real estate agent, so you can get on with the business at hand -- selling your home. If you're working with a real estate firm, contact them first about problems with your real estate agent so they can help you find the right agent to help you sell your home.

Transferring Property To An LLC

By | August 12th, 2005|

What happens if I transfer a commercial property to an LLC? Is there a capital gain because the basis gets stepped up or does the owner's basis remain unchanged. You may need an appraisal of the property to determine what your gain was and depending on how long you held the property, you will owe tax on the sale.

Buying Versus Renting

By | August 12th, 2005|

Should we buy a house or rent? This couple plans to stay in one area for at least five years and wants to know if buying might be a better option than renting. If they buy, the property could appreciate and make a worthwhile investment. But if they are looking at an area in a real estate bubble, renting might be the better decision.

Home Buyer May Lose Earnest Money

By | August 12th, 2005|

What happens to your earnest money when you decide not to buy a home? Can the seller keep the earnest money? What are some of the grounds in a contract whereby you can cancel and get your earnest money back? If your contract requires a certain type of financing and that falls through can you cancel your home contract and keep your earnest money?

Married Couple Purchasing Home With Unequal Shares

By | August 5th, 2005|

Buying a home together is a big step for any married couple. This married couple has unequal amounts to put toward a down payment and want to make sure a contract states the amount each put into the home. But for a married couple, the home-buying conversation is one they should have had long ago.

Real Estate Attorney Can Sort Out Title

By | August 5th, 2005|

After paying back and current taxes on a property that was quit claimed to you, can you take full title to a property? The answer? It depends on how the quit claim deed was drafted and what its intent was.

Buying A Home In Real Estate Market Bubble

By | August 5th, 2005|

When the real estate market is booming and home prices are high, you may be wondering whether it's a good time to buy a home. Are homes including condominiums overpriced in a real estate market bubble? And what can you do to protect yourself when you're buying a home in a real estate market bubble?

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