Property is anything you own, whether it’s land, a house, electronics, a car, or collectibles. Learn more here about buying and selling property, taxes, and protecting your assets.
Zillow Comes Out Swinging
This morning, Zillow (www.zillow.com) announced it would allow homeowners and agents to upload photos and information about homes that are for sale. ...
Selling Investment Property Successfully
Selling investments property successfully is possible. In this column, Ilyce profiles Frank McKinney a successful high-end real estate developer. McKinney came from modest roots to successfully selling multi-million dollar investment properties and starting a foundation to provide food, housing, and medical support to the poor and homeless around the world.
Live From Miami, It’s Inman’s High-Net Conference
Forgive a few days without a post. I've been in Miami since Saturday, and weather-wise, it's been a most welcome respite from the freezing cold a/k/a ...
Buying A Foreclosure? Hire A Home Inspector And Attorney For Protection
When buying a foreclosure, it's important to hire a home inspector and attorney to protect yourself from any unwelcome surprises. A foreclosed property may come with maintenance problems that a professional home inspector can identify. An attorney will a home buyer purchasing a foreclosure by making sure the contracts are legal and the seller discloses any problems the house may have.
Capital Gains: How Much Tax To Pay On Land Sale
Whenever you sell a property you have to pay capital gains tax on the difference between what the property was worth when you got it versus how much you sell it for. An accountant or tax preparer can help you determine exactly how much capital gains tax you'll pay as well as how much state tax to pay on the land sale. Capital gains tax rates are set by Congress and change periodically.
Gift Property May Cost Recipient In Taxes
Giving the gift of property may cost the recipient a lot of cash in taxes. There are other options for a person than giving away the property, so as not to cost the recipient much money in gift taxes. The person could give a portion of the property or the person can purchase the land and the giver can return the cost of the land to you each year. The best way to make sure the recipient of a gift of property is to sit down with an estate attorney and go over all your options.
Finding Profit In Real Estate
A homeowner is wondering if now is a good time to take his profit out of the townhome and buy a single family home. While property has appreciated dramatically over the years in some markets, we've seen the residential real estate market soften quite a bit in some areas. Now might be a good time to evaluate options and find out where profit can be found in real estate.
How To Determine Your Property Line
If a neighbor is encroaching on your land or trying to claim some of your property as his own, you need to determine where your official property line lies. If you want to know what is the official boundary between your property and your neighbor's, you can hire a surveyor to survey the land and stake the corners of your land and mark the edge of your land that is at issue. You can also go to the tax assessor's office and compare the map of your property with the survey that you paid for.