As a real estate investor, you’re likely already aware of the tax implications of selling investment properties and the profits made from such transactions. Normally when an investment property is sold for more than what was paid for it, capital gains tax needs to be paid on the profit. This can take a huge chunk off of your bottom line, but there’s this little thing called a 1031 exchange that can help keep some of that money back in your pocket.
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While you would think most people in California drive to all their destinations, there are plenty of communities throughout the Golden State that have extremely high walkability scores, making it easy for residents to access all amenities with just an easy stroll.
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When it comes to obtaining a mortgage for a home purchase, you don’t necessarily have to use your everyday bank. Instead, you might be better off comparing mortgage packages with various lenders to see where you can get the best deal.
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If you took out a conventional mortgage, your monthly payment will consist of more than just principal and interest components. You’ll also be stuck paying for PMI, or Private Mortgage Insurance, if you purchased your home with a down payment less than 20%.
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No buyer is going to want to put up a huge sum of money to purchase a home that they don’t like, unless they’re specifically looking for a fixer-upper. If your goal as a seller is to sell your home as quickly as possible, your best bet is to prep it in such a way that buyers can’t help but fall in love with your place. The more attracted buyers are to your home, the more likely they’ll be enticed to put in a handsome offer.
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After offer acceptance, anything can happen during escrow, and you don’t want to be stuck with issues that you didn’t agree to adopt. Here are some critical things you should be doing during that extremely important final walk-through.
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Everyone needs a getaway every once in a while, and a change of scenery can be just what’s needed to refresh and unwind. But sometimes having to book a hotel or chalet can be a bit of a challenge, especially during peak seasons when availability is scarce and prices are through the roof. In cases like these, having your own retreat that you can visit at the drop of a hat can be a lot more convenient.
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The housing market in California got off to a slow start in home sales over the third quarter of 2017. Median prices also dipped in July from the month before, though they continue to grow year-over-year.
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Pets are much more than just animals – they’re part of the family and should enjoy your home just as much as you do. The thing is, pets can be messy, smelly, and can even cause damage to your home. Sometimes they may not even be comfortable or safe in your home if certain adjustments aren’t made for your furry friend.
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Unless the home you’re buying is fresh off the builder’s hands, it’s likely going to have some blemishes, no matter how minor they may be. Ideally, you should have included a home inspection contingency in your purchase agreement, which will give you the opportunity to have the home inspected in greater detail.
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