“My uncle is very sick and I’m his only heir. He’s deeding me his home now to make it easier for me to sell it after he’s gone. Of course he’ll stay there as long as he lives. Is there any downside to what we’re planning to do?”
***ANSWER:
STOP! Do nothing until […]
“Hi Gary. I’m from New Jersey, which has the highest property taxes in the country. I’m living here and looking to purchase a home and I want to know how much are property taxes?”
***ANSWER:
California’s Proposition 13 limits your property taxes to 1% of the assessed value + voter approved local bonds, all totaling […]
“When I was a kid in the 60’s, my dad was in the navy and we moved a lot. When we sold a home, my mom baked bread when people were coming to look. The whole house smelled great and my folks said it helped with the sale. Now I’ll be selling […]
“Hi Gary, my wife and I really enjoy your newsletter. We own a condo right now that I inherited, so I’ve never bought a home. But my wife and I want to buy a house. Do you think it’s a good idea to stick with one agent or work with several agents […]
“Hello Gary… We’re interested in selling our investment properties. We like the 1031 exchange concept. However, we are scared off by the 45 day identification process.”
***ANSWER:
I understand the hesitation due to the 45-day period you have from closing your sale to “identify” the property(s) you want to buy. While everyone has this […]