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Have real estate questions? Here, you’ll find helpful articles and other resources that cover issues related to real estate, buying, selling, financing, refinancing, credit and debt, insurance, second homes, vacation homes, real estate investment, new construction, and renovation.

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Dementia and Real Estate: Caring for Dad in Home

By | August 25th, 2023|

Dementia and Real Estate: Caring for Dad in home. How can one reader keep her father in her home while still living independently with her family?  Q: My parents own a five-acre parcel of land. My father is ill with dementia, and is living there alone. My mother assists him from a home she owns [...]

By Owner Home Sale

By | August 24th, 2023|

Thinking of selling your home by owner? A by owner home sale can be tricky - unless you know how to do it. Here's a successful by owner home sale story. Q: I enjoy reading your column in our local paper. I sold my dad’s house on Facebook in three days. No sign, agents or [...]

Renters: Who owns the home we’re renting?

By | August 15th, 2023|

Renters: Who owns home the home we're renting? The home two renters are renting was recently sold in a sheriff's sale. Now they're wondering, who actually owns the home and what does it mean for them?  Q: Let’s assume someone has a mortgage. Their home sells for one dollar at a sheriff’s sale. Who owns [...]

Elder Fraud or Elder Abuse?

By | August 14th, 2023|

Elder fraud or elder abuse? Godson worries his family is trying to steal his godfather's money Q: I'm wondering if someone is trying to steal my godfather's money. It could be a case of elder fraud or elder abuse. Here's what's happening: My godfather was put into assisted living by his family. He has a [...]

Paying Estate Tax and Capital Gains Tax

By | August 9th, 2023|

Paying Estate Tax and Capital Gains Tax Heirs worry they could face double taxation and pay more estate tax and capital gains tax when selling to a relative Q: I have enjoyed your columns for many years and have a question about how to avoid overpaying estate tax and capital gains tax.  We have a [...]

Property Taxes on Investment Property: Switching rental and primary residences

By | August 9th, 2023|

Property Taxes on Investment Property: What happens when you switch your primary residence for your investment property? Q: We read your column Real Estate Matters in our local paper and it has really helped us. We live in the Washington, D.C. area. Here’s our problem. We have owned a duplex since 1989. We live on [...]

Condo Parking Space Problem

By | August 8th, 2023|

Condo parking space problem? What do you do if your neighbor's car is too big for their parking space? Q: My condo building was built around 30 years ago. The access to the parking area is in a Z shape and our parking spaces are perpendicular to the sidewalk. As I understand it, a parking [...]

Realtor Wants to End Lease Early

By | August 7th, 2023|

Realtor wants to end lease early. But not pay penalties.  Q: I am an 80-year old semi-retired Realtor for 28 years. I recently rented an apartment in a rental apartment building managed by a professional management company. After a month in the apartment, I had medical issues come up requiring me to leave and move [...]

Capital Gains Tax on Real Estate

By | August 6th, 2023|

When do I have to pay capital gains tax on real estate?  What's included when calculating the cost basis for his home and what costs of sale count. Q: I have a couple of capital gains tax questions regarding upgrades to my home. First, I had $400 worth of bushes installed last spring in my [...]

Buying a Vacation Home with IRA Funds

By | July 10th, 2023|

Thinking of buying a vacation home with IRA Funds?  Watch out for higher fees when purchasing a vacation home in a self-directed IRA I listen to you every Sunday morning on WGN and I have a question. I'm thinking of buying a vacation home with IRA funds. Can I do that? A: The short answer [...]

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