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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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Using an LLC to Transfer Property from Parent to Child

By | November 4th, 2019|

Using an LLC to transfer property from parent to child. This reader wants to know how to avoid future gift taxes transferring property to their son’s LLC. Q: We are subscribers to Ilyce’s Expert Real Estate Tips YouTube channel. Thanks so much for sharing such good advice and tips.  We jointly bought a rental property [...]

Can Condo Associations Ban Cannabis Smoking in Units?

By | November 4th, 2019|

Can condo associations ban cannabis smoking in units? This reader wants to know how cannabis smoking can be prohibited if cigarette smoking isn’t. Q: I recently received a letter from my condo association about a proposed amendment to our condo declaration to ban cannabis smoking in our units. The letter states "The Condominium Act states [...]

How Much Commission Do Real Estate Agents Make?

By | October 31st, 2019|

How much commission do real estate agents make? Research shows a lack of commission rate transparency and negotiability at traditional real estate firms. Please note that this story has been updated to add in additional information that shows how real estate commissions get split between brokers and the real estate agents who work for them. [...]

I Received a Property Tax Bill After Selling the House, Now What?

By | October 25th, 2019|

I received a property tax bill after selling the house, now what? What happens when real estate taxes are still in the seller’s name years after closing? Q: I owned a house for six years and then sold it. It appears the new owners never put the home in their names. Three years later I [...]

Selling a House in Disrepair: Tax Implications

By | October 25th, 2019|

Selling a house in disrepair: tax implications. This reader wants to know how selling a rundown family home will affect their income taxes. Q: I recently received title to a home from my brother by quitclaim deed. He purchased the home in 1982 from my parents who at the time were in financial trouble.  My [...]

Retirement Housing Costs and the Effects of Inequality

By | October 24th, 2019|

Retirement housing costs and the effects of inequality. Research from JCHS spotlights the financial challenges seniors face finding affordable housing. America’s aging population is facing considerable financial challenges when it comes to housing inequality. Research from the Harvard Joint Center for Housing Studies (JCHS) underscores the severity of these challenges. The number of older adults [...]

How Do Water Leak Detectors Work?

By | October 18th, 2019|

How do water leak detectors work? How new technology uses artificial intelligence to detect water leaks and prevent water infiltration. Several months ago, we went to the Housewares show in Chicago. There were a couple of companies showing off their latest technology for detecting water leaks in homes.  What Causes Water Infiltration? Water infiltration is [...]

Explaining California Prop 13 Transfer Rules

By | October 18th, 2019|

Explaining California Prop 13 transfer rules. Proposition 13 capped property taxes at one percent, but what happens when you transfer home ownership? Q: The family trust has one piece of real estate in California. If a buyer wants to protect the low Proposition 13 basis, may he or she "buy" the trusteeship and pay the [...]

Top 10 Most Profitable Home Renovations

By | October 11th, 2019|

Top 10 most profitable home renovations. A recent remodeling impact report shows which home improvement projects are most profitable for resale. If you’re thinking about making some home renovations but aren’t sure which renovations are most profitable for resale, we’ve got some insights that will help you make a smart decision. A new report by [...]

Can a Surviving Spouse Sell the House?

By | October 11th, 2019|

Can a surviving spouse sell the house? This reader wants to know if they can sell the property if they’re on the house deed but not the mortgage. Q: My wife passed away last year and she was on the mortgage to the home and on the title to the house deed. I’m not on [...]

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