When buying real estate there are certain standard rights usually included, unless the property has an encumbrance that in some way causes an exclusion as noted in the sale.There are also additional rights that may or may not be in the sale, which may represent significant value. Standard Real Estate Ownership Rights The standard rights conveyed to the owner of the title deed for a property include: Possession: Possession is a legal word for ownership. Possession occurs after closing on the … [Read more...]
What Is A 1031 Tax Exchange?
A 1031 tax exchange is a legal way to defer paying capital gains when selling a property and then buying a "like-kind" property within the allowed period. The time limits allowed are 45 calendar days after the close of the sale of the first property to identify the like-kind property for acquisition and then close the purchase transaction to complete the 1031 exchange within 180 calendar days. Like-Kind Property The property's broad characteristics determine if it is a like-kind property, not … [Read more...]
Should You Brace For A Potential Market Downturn Next Year?
Don't panic, a looming recession may be good news for those wanting to sell their homes. The experts say this recession may happen in 2020, so there is still plenty of time to make plans for how to deal with a potential economic downturn. In many parts of America, especially in popular cities, the real estate markets are super hot for sellers. Home sales are coming in at prices that are record highs. For sellers in these hot markets, it might be time to sell. For buyers, able to wait until next … [Read more...]
Important Tips To Help Kids Adjust To The Move
Moving takes a certain amount of adjustment. Kids of all ages may need a little help getting used to the new environment. Help kids adjust to the move by keeping the following in mind. Kids Are Resilient Don't overly worry about how your kids will adjust to the move. Kids are resilient. They tend to acclimate to new situations fairly quickly. It may even be that your kids get used to the move before you do! Make Friends With Other Parents You could facilitate your kids' making new friends … [Read more...]
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