Overview When you sell an investment or income-producing property, you will be required to pay capital gains taxes on that sale. (The current capital gains rate is 15 percent.) If you would like to use the proceeds from the sale to invest in replacement properties, you’ll find that the tax debt has reduces your buying power. In this situation, you should consider a 1031 exchange. A 1031 tax-deferred exchange allows owners of property held for productive use in a trade or business, or for investment, to defer capital gains taxes by “exchanging” their property for another that is “like-kind”. All… read more →
Whether you are purchasing a home or selling a house, knowing what to expect and being prepared at the “closing” can help eliminate stress and result in a pleasant experience. We understand how important this transaction is to you, and we are committed to consistently providing a level of service that prepares you for this final step in your real estate transaction. Although the settlement process can vary from state-to-state, here are some common items that may be required from you at closing and can help your closing go as smoothly and quickly as possible. VALID PHOTO IDENTIFICATION Two forms… read more →
Use our checklist to get your home show ready! INTERIOR Clean: Doors Windows Light switches Baseboards Chair rails Carpets Draperies Paint: Paint/repaint rooms in neutral colors as needed Other tasks: Remove/pull back dark curtains Lubricate squeaky door hinges Clean ceiling fans Check for cobwebs in all corners Fix scratches in wooden floors Repair/replace broken flooring Use area rugs, if needed Empty wastebaskets Make beds Fluff or replace accent pillows KITCHEN Keep dishes and food out of sight Clean appliances Sweep/Mop Clean light fixtures Test electrical outlets Eliminate cooking odors Deodorize garbage disposal, dishwasher, and refrigerator Clean cupboards and under sink Replace… read more →
Although the property you just purchased is new to you, it has a history, and sometimes, these histories can include unwanted baggage. During a real estate transaction’s closing process, a title search on the property is completed to determine whether there are title defects that can have an effect on the purchase. One common title issue buyers face when completing a title search is an error in public records. Humans aren’t error-free, and a clerical or filing error regarding your property can have an effect on the deed and result in costs you may not have expected. A title search… read more →
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