The Sunday open house is a longstanding ritual in the real estate market, and many a home has been sold on a lazy Sunday afternoon. When used properly, the Sunday open house can be a great marketing tool. The following steps will help you get the most out of your open house and increase your …
Thinking of buying another home or your first home? Here are some tips for maximizing the home buying experience. Detailed coverage of the topics below is provided in his website: 1. DON’T WAIT TO BUY -Prices are only going to go up. Don’t be a victim of it. Better to have the escalator go up …
We are all so skeptical we don’t believe much of what we are told. We need the reassurance of seeing for ourselves proven results. At the least we require some sort of guarantee or commitment from any salesperson we are dealing with. Real estate is no different.There was a time not that long ago that …
You probably already know this, but buying any land can be a significant decision. But what you may not know is that there are a few twists that come with purchasing a waterfront lot that make it very different from buying a lot in any old subdivision. I’ve put together a few tips that you …
1. They make sure that the insurance policy on the property is issued for an amount that represents at least the full value of the note still owed to them. 2. They also make sure that the note is recorded and they are listed as mortgagee, trustee, or the first contract holder on the policy. …
The 1031 Exchange, Section 1.1031 was established in 1990 after the Internal Revenue Code finally decided on the rules for Deferred Exchanges. As one of the best kept secrets, 1031 Exchanges have become more and more popular as many real estate buyers and sellers have become aware of this method of deferring capital gain taxes …
Typically, the 1031 Exchange involves forms like brokers’ price opinion, exemption and nonresident waivers, affirmation of residency, declaration of trust, IRS 8824 like kind exchanges, lien waivers, mortgage interest deductions, multifamily mortgage applications, notice of trustees sale, personal financial statements, power of attorney, promissory note, quit claims, schedule of income property, signature affidavit AKA statement …
As far as the 1031 Exchange is concerned, it is the Qualified Intermediary who can be called the top “expert” who makes or breaks the deal. The role of the QI is crucial to completing the exchange successfully. It is he who acts as the “glue” that binds the buyer and seller of the property …
The easiest method to begin a 1031 Exchange transaction is to contact a good Exchange Company. The information concerning the exchanger, time and place of the closings, and a copy of the contract to sell the relinquished property are the preliminary papers to start the process. From this information, the company makes exchange documents and …
There are 3 major Blunders that can turn an investment into a nightmare. It is one’s duty to avoid these at all costs when contemplating a 1031 exchange. Blunder #1: Dealing with a non specialized company that does not know what it really does. Check their history of TIC offerings, ask for referrals from satisfied …
