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Real Estate

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Loan Payment Due?

By | September 5th, 2023|

Loan payment due? Seller bought and flipped home quickly, confusing lenders about whether a loan payment was due.   Q: I purchased a home on June 30th. I was made aware in loan documents and by the closing agent that my loan would be sold to another lender. Also, I received a letter in the [...]

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 [...]

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