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Should You Add a Child’s Name to Your Property Title?

By | February 7th, 2020|

Should you add a child’s name to your property title? Pros and cons of adding a child as co-owner to avoid going through probate to inherit property. Q: I just read your column giving suggestions to an elderly mother who wanted to make sure her daughter received her home at death without probate. I'm a [...]

How Much Tax Do You Pay When You Sell a Rental Property?

By | February 7th, 2020|

How much tax do you pay when you sell a rental property? How home valuation and depreciation factor into taxes when selling investment property. Q: My father in law is selling a duplex he rented out for about 10 years. The sale price is going to be around $300,000. His accountant says that he should [...]

How HOA Fine Schedules Work

By | January 31st, 2020|

How HOA fine schedules work. This reader wants to know why the condo association board fined homeowners different amounts for the same violation. Q: Can a condo association charge different fines for exactly the same infraction? Some of us broke the same rule in our association. We took matters into our own hands in making [...]

How to Contest Property Taxes

By | January 31st, 2020|

How to contest property taxes. How the value of your home is determined and how to contest property taxes if the assessment on file is inaccurate. Q: I recently watched one of Ilyce’s video on YouTube on contesting real estate taxes. It really got me thinking, and I'm doing more research on my property taxes.  [...]

How to Avoid Paying Capital Gains Tax on Inherited Property

By | January 27th, 2020|

How to avoid paying capital gains tax on inherited property. Minimize the potential tax consequences of transferring property from parent to child. Q: I have a question about a recent answer you gave to a reader. The question relates to a daughter that acquired her share of the home from her mom while her mom [...]

Can an HOA Restrict Smoking?

By | January 27th, 2020|

Can an HOA restrict smoking? This condo owner was told the association doesn’t have the authority to keep owners from smoking in their units. Q: Can a condo prohibit smoking in the building except for owners? At the time the rule was changed on the grounds that those owners cannot have the right to smoke [...]

What You Should Know About Pocket Listings

By | January 20th, 2020|

What you should know about pocket listings. Who does this real estate market trend benefit most and why is this reader annoyed by it? Q: I’m annoyed with some of the things I see going on in the real estate market, including pocket listings.  Sellers should avoid brokerages that list properties internally before they are [...]

Buying a Flipped House: Nightmare

By | January 20th, 2020|

Buying a flipped house: nightmare. This homebuyer discovered a host of expensive repairs right after moving into their new home. Buying a Flipped House: Nightmare Q: My question relates to buying a house that was flipped. I searched Ilyce’s website and only found articles for those who were flipping houses, not for buying what turns [...]

5 Best States to Retire in 2020

By | January 16th, 2020|

5 best states to retire in 2020. After weighing nearly 50 factors in each state, WalletHub determined this is best state to retire in 2020. At the end of your career, there are two big questions you need to answer: When should you retire, and where should you spend your retirement years?  These are both [...]

Top Kitchen Trends to Watch in 2020

By | January 10th, 2020|

Top kitchen trends to watch in 2020. The latest kitchen trends homeowners planning a remodel, renovation or home improvement project should know about. It’s all about the island when it comes to kitchen renovations, according to the 2020 Houzz Kitchen Trends Study.  Houzz surveyed 2,600 homeowners in the U.S. who are in the midst of, [...]

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