How can I promote my condo? This reader’s condo was listed for 15 months and they’re worried potential buyers weren’t aware of building improvements. Q: Most Realtors representing condo buyers don’t educate their buyers about condo reserve funding: The pros and cons of fully, partially or non-funding of reserves. My beachfront condo in Florida was [...]
How Will COVID-19 impact retirement planning? New research finds older Americans might have to delay retirement due to the coronavirus pandemic. The financial fallout from the coronavirus pandemic is already devastating to millions of consumers. More than 40 percent of Americans say their level of financial security has deteriorated since the COVID-19 pandemic began. Around [...]
What is the difference between a trust and a life estate? And is it easier to sell a home that's held in a trust or in a life estate? How do I find out if I am listed on a trust? Q: Not really a question as much as a comment on your story about [...]
How will the coronavirus pandemic impact the spring market? Unemployment claims, mortgage rates and home buying activity in the spring of 2020. It’s been another week of dreadful news about the economic repercussions of the COVID pandemic. And, while there have been slight improvements here or there, it’s all pretty dark. How Will the Coronavirus [...]
Moving during the coronavirus pandemic: what you need to know. Steps for safely planning your move to reduce the risk of exposure to COVID-19. Moving during the coronavirus pandemic when most neighborhoods are practicing social distancing is tricky, but it can be done if you take proper precautions to reduce the risk of exposing yourself [...]
Coronavirus 2020: Stay home orders extended for some states. What to know about the extensions and our advice on how to stay positive throughout the COVID-19 pandemic. As of April 30, 2020, stay home orders were extended into May in several large states, including Illinois, California, Hawaii, New Jersey, Nevada and Michigan. But other states [...]
How to insure a house in a living trust. This reader wants to know how insurance coverage works if policies are titled in the name of a living trust. Q: My insurance agent said the insurance company wants my policies (fire, wind and umbrella) titled in the name of my living trust. While doing some [...]
How do I take property out of an LLC? This reader wants to know how to take their house out of an LLC that’s in administrative dissolution. Q: I hope you can help me with this mess. I have an ex-partner who talked me into putting my house into a limited liability company (LLC) with [...]
1031 exchange deadlines during COVID-19 pandemic. This reader wants to know about extensions available to those who completed a 1031 exchange in 2019. Q: We completed our 1031 exchange in September 2019. Our renter has fallen on hardship due to the Coronavirus/COVID-19 pandemic and cannot afford the rent. Similarly, we are in a rental that [...]
Coronavirus 2020: Will pools open this summer? Social distancing regulations could make it difficult for pools to operate safely during the COVID-19 pandemic. Q: Our 100-unit condominium has a small private locked outdoor pool that usually opens from Memorial Day to Labor Day. With COVID-19, what do we do this year? Should we open the [...]
