If you own an investment property and are looking to sell, you may want to consider a 1031 tax-deferred exchange. This wealth-building tool can help you sell one investment property and purchase another while deferring taxes, including federal capital gains taxes, state capital gains taxes, the recapture of depreciation and the newly implemented 3.8% Medicare Tax, which can significantly increase your buying power.
The Real Estate Settlement Procedures Act requires a mortgage lender to issue a Good Faith Estimate to all potential borrowers. When you apply for a mortgage, make sure you receive this form from your lender.
As American as apple pie (or title insurance, for that matter!), Thanksgiving is a time when we can reflect on our blessings and spend time with loved ones. This year, take some inspiration from these great quotes and have a happy and safe Thanksgiving.
Whether you're new to the homebuying process or a seasoned veteran, the concept of a tolerance cure might still be a little hazy to you. But it's an important to term to know, because it protects you from overpaying some of your loan costs. Even if you have a real estate professional to guide you through these unfamiliar terms, it's still a good idea to go into a closing with your own knowledge about a tolerance cure.
Every night you hear the floorboards creak from footsteps when no one is home, and you swear you felt someone standing behind you only a moment ago. Living in a house with these kinds of creepy occurrences may not be appealing to most, but a recent survey from Realtor.com found that a number of Americans would actually be willing to buy a haunted house.
Staying organized is easier said than done – especially when you’re a busy, on-the-go real estate professional. To help facilitate better organization, some real estate agents have turned to leveraging cloud-based services that boost efficiency and productivity, while at the same time helping them go paperless.