INVESTING:
“Hi Gary. My wife and I own a condo in U.C. and want to sell it and buy a four-unit property. I don’t know much about 1031 exchanges, but I do know if you do it right, you don’t have to pay any taxes. Can you give me the basics on exchanges? […]
“Why are real estate fees to high? If you sell a house for $500,000 at 6%, then you’re making $30,000.”
***ANSWER:
Ah, I wish it was that simple, and profitable.
They typical real estate agent earns about 1-2% of the price when they sell a home.
Here are four the missing pieces of the puzzle:
San Diego […]
“My wife and I want to sell our 2-bedroom Mission Valley condo and buy a house in north county. She keeps talking about new construction, but I think a resale home is smarter. Which do you think is suggest?”
***ANSWER:
It depends. Buying a brand-new home can be exciting and complicated. Here are […]
“How long does it take to get a home mortgage?”
***ANSWER:
Most lenders take 30-45 days. But even if you give them 6 months, be ready for your lender needing a more days than planned, either due to dropping the ball or something unexpected coming up at the end.
That being said, I use the […]
“My mother is moving into a retirement home and we need to sell her house. She hasn’t been keeping it up and we’d like to do some work on it so it looks better and can get a higher price. The trouble is I’m too busy to supervise things. Can you recommend a good contractor […]