Archive for August, 2006

Home Inspection

Monday, August 21st, 2006

“Hello Gary. My wife and I just got married and we’re planning to buy our first home and I have a question. What happens if a house fails a home inspection?”
***ANSWER:
Home inspectors don’t pass/fail a home. They inspect it, describe its condition, and indicate what needs attention.
If your inspector finds items that […]

Questions about deposits?

Monday, August 21st, 2006

“Hi Gary. The only home I’ve ever owned is a little condo I bought from my parents, so I’m a rookie at homebuying. Now I need something bigger, with a yard for my dog, so I want to buy a house. Can you tell me how much my deposit will be and […]

Capital gains

Friday, August 18th, 2006

“My friend recommended that I use you to sell my property. I have an 8 unit apartment building in Pacific Beach that I want you to sell. When I do, will I have to pay 25% capital gains?”
***ANSWER:
I’ve got bad news and good news and better news for you…
Bad
Many people I talk to […]

Capital gains

Friday, August 18th, 2006

“My friend recommended that I use you to sell my property. I have an 8 unit apartment building in Pacific Beach that I want you to sell. When I do, will I have to pay 25% capital gains?”
***ANSWER:
I’ve got bad news and good news and better news for you…
Bad
Many people I talk to […]

Selling your house?

Wednesday, August 16th, 2006

“Dear Gary: Is it true that once you moved out of your primary house and then you rent that house and then you buy a bigger house - that you have so many months so you can sell that primary and be able to touch the money w/o paying taxes on the profit I […]