From the Blog
The law (the amended version of H.R. 4853) that passed after agreements were reached between the President and Congress has a definite positive effect on 1031 exchanges. The major areas of concern were the capital gains tax rates, the tax-free exclusion amount for estate and gift taxes, and the stepped-up basis for inherited property. First,… Read More
The home sales numbers are in for the second quarter of 2010 (April 1 through June 30), and the news is good, but the outlook may not be. Sales are up. Prices are up. Pending sales were up in June. Days on market are down. The unemployment rate is slowly going down. Several major corporations… Read More
The sales agent is not always the one with the most sales under his or her belt, or the most years on the job. The agent is one who listens to you, is easy to get along with, and has the tools and skills to address your unique situation. Every home buyer is different. Some… Read More
How does a maintenance deductible work? For example, if the tenant’s maintenance deductible is $75, and the owner’s expense for repairing a faulty A/C unit is $400, the tenant would reimburse the landlord $75 upon completion of the A/C repairs and presentation of the final invoice.
The program was due to expire on June 30 but will now continue until that date in 2012. The Home Affordable Refinance Program (HARP) has been extended for another year according to information released on Friday from the Federal Housing Finance Agency. On March 1, 2010, the Federal Housing Finance Agency (FHFA) announced the extension… Read More