Prospective buyers likely know that an approved mortgage is just the first step. Other costs can come up before we finalize the sale of a home. Some that often comes as a surprise can include: Down payment. This portion is generally separate from the mortgage. The...
From warm weather and sunshine to tax benefits and quality of life, these are just a few common reasons people consider making the move to Florida. Those who are thinking of this move are not alone. According to the most recent data, over 318,000 people relocated to...
Buying real estate is often our single biggest purchase. This is true whether buying a single-family residence, rental property, commercial property, or vacation home. This investment is significant, so it is important to do a little due diligence before moving...
Florida is a lucrative location to own land for many reasons. The weather is wonderful, the business opportunities seemingly endless, and the taxes low. Whether looking to build a dream home or a commercial property there are a few important things to know before...
You thought you found a dream property. You put in an offer, the buyer accepted, and you started making plans for the big move. While waiting for this transition, you start to have second thoughts. Maybe rising interest rates have you concerned about the expense of...
Making a move is a big deal. This is true whether that move is down the road or across town. You will need to go through your belongings, figure out what is worth moving and what is worth donating or tossing and then pack it up for the move. Add in the expense that...
A 1031 exchange, more commonly known as a “like-kind” exchange, is a legal tool that allows real estate owners to exchange pieces of property and defer capital gains taxes. This generally applies to investment or business properties. In the past, there was the ability...
Property owners who sell real estate at a profit may need to pay capital gains taxes. The reasoning is basically that the Internal Revenue Service (IRS) views the gain in value as a form of taxable income. The IRS generally applies a capital gains tax to the value of...
A real estate attorney can serve a number of functions. Common examples include: · Title work. A title search checks for issues that could hinder the transfer of ownership of property. An attorney can complete this search and help to resolve any potential legal...
Buying a second property is a big step. Although it is never possible to know with certainty that the risk will lead to reward, two situations that increase the odds of success include the following. #1: The property is in line with future goals It is important to...
