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.
Homeowners Association Assessment And Developer
When you live in a community with a homeowners association you're responsible for assessments, as is anyone who lives in the community. Sometimes homeowners association by-laws exclude developers from paying assessments on land they own. But once the developer finishes his work with the community that exclusion may go away. What are the options for the members of a homeowners association that has a developer's son as a resident member?
Refinancing Mortgage On Inheritance Property
How do you refinance the mortgage you receive as part of an inheritance? There are several options available you as the inheritor of real estate. You can refinance the mortgage or leave the loan as is, depending on the current interest rate.
Hurricane Ahead: A Disaster Game Plan For All Homeowners
June 1st marks the official beginning of the hurricane season. Coming on the back of last year's record-breaking devastation, coastal residents are already preparing for the worst. Here's advice about different types of homeowner's insurance to protect you in this dangerous season.
Limiting Capital Gains Tax On Home Sale
To avoid considerable capital gains taxes when you sell your home, a seller must have had the home as a primary residents for two years after the date of purchase. If it's less than that, the seller will owe long-term capital gains tax of up to 15 percent plus state tax. But there are some exemptions that can help limit your capital gains.
Neighbor’s Home Sold By Resale Company
It is easy to be concerned about the value of your home. However, it is impossible to predict what the market will be like in three years, so you should not worry about the selling price of neighboring homes affecting your property value too much. The best thing you can do to raise your home value is to keep your house and landscaping in good order.
Ilyce Glink on WSB Radio – May 28, 2006
In her May 28 show, Ilyce Glink offers her WSB listeners useful real estate advice, personal finance advice, and tips on making life just a little bit easier.
Capital Gains Tax Not Owed On Some Inherited Property
Capital gains tax is not necessarily owned on property that is inherited. If you inherit property and then sell it, you may qualify for a special exemption. The deceased are entitled to pass down up to $2 million in their estate tax-free.
Ilyce Glink on WSB Radio – May 21, 2006
In her May 21 show, Ilyce Glink offers her WSB listeners useful real estate advice, personal finance advice, and tips on making life just a little bit easier.
Squatter’s Rights And Adverse Possession
There is a concept in law that is called adverse possession. Adverse possession allows one party to become the owner of someone else's property if they use the property in an open manner and contrary to the rightful owner's rights. If the neighbor pays real estate taxes, uses the land and keeps it as his own for a certain period of time -- as many as 21 years in some states, less in others -- that person is allowed to keep the land forever as his own.
Sell Investment Property At Loss, Claim Tax Deduction
When you sell an investment property for less than what you bought it for you're selling it for a loss. You may be able to claim the investment property loss on your taxes as a tax deduction when you file your income tax but it depends on whether you work in real estate. To fully understand what kind of tax deduction you can take when you sell an investment property at a loss consult an accountant.