Basically, a 1031 exchange is a tax-deferred exchange-in a typical transaction, the property owner is taxed on any gain realized from the sale. However, through a Section 1031, the tax on the gain is deferred until some future date. Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized [...]
Entries Tagged as 'Real Estate'
What is an 1031 Exchange and How Does it Work?
Jul. 9th, 2010
About House-Hunting Before Buying The First Time
Jul. 8th, 2010
When my spouse and I decided it was time to make efforts to purchase our own home after less than two years of marriage, we had quite an adventure. The experience of touring one shabby old home about a mile from our apartment was so interesting that I wrote a creative nonfiction piece about it. [...]
Why Conveyancing Costs Can Seem Like An Unnecessary Expense
Jul. 7th, 2010
When we purchase something, hidden costs can be a real nightmare. Budget airlines are the undisputed kings of added charges, throwing additional fees at their customers for paying by credit card, not paying by credit card, checking in online, taking baggage, taking too much baggage and various other non-inclusive services. When it comes to the [...]
How To Decorate Your Townhome With Pizzazz
Jul. 7th, 2010
When my spouse and I purchased our townhome in northern Utah, it felt as though we were getting into a mansion–at least compared to the string of dinky apartments we had rented for the first few years of marriage. But if you have ever lived in a townhouse, you know that the space is actually [...]
Homebuyers Could Save More without Tax Credit
Jul. 6th, 2010
The $8,000 homebuyer tax credit was a saving grace for many Realtors during this economic slump, and has helped to drive thousands of buyers towards purchasing homes during the real estate crisis. Not surprising, though, is that since its deadline on April 30th home sales have dropped. Ironically, even without receiving a tax credit, buyers [...]
What You Should Know About Reverse Mortgages
Jul. 6th, 2010
Reverse mortgages are a relatively recent product on the lending scene. The approval process is somewhat abbreviated compared to a traditional home loan, but there are some conditions and requirements that make a reverse mortgage unique to other home loans. What Is a Reverse Mortgage? It is a home loan that enables the homeowner access [...]
The State Of The Housing And Condo Market In Vancouver, BC
Jul. 3rd, 2010
There are some interesting trends in the housing and condo markets in the Vancouver, BC metro area. Within the past year or so, the average home price in Vancouver rose 14 percent and now sits at around $1 million. This price reflects a rather steep climb over the last 35 years, wherein prices have effectively [...]
Living in the Desert, Sage
Jul. 1st, 2010
Some of the apartment complexes in North Phoenix are a perfect example of beauty, style and energy competent living. The main features of these apartments are that these apartments are a blend of the natural beauty of deserts and the latest state of the art technology. These apartments are not only designed in an eco-friendly [...]
Walnut Creek Homes Offer A Quiet Family Sanctuary
Jul. 1st, 2010
Walnut Creek is a vibrant community within the East Bay Area of San Fransicso. You may find that it is a very nice place to settle down for a while at, whether it is by yourself or with your family and friends. Walnut Creek is an older, fairly rural, area with many quaint touches reminiscent [...]
Enjoy Prestigious High Rise Lifestyles
Jul. 1st, 2010
Overlooking the bay and out to the Atlantic Ocean is the jewel of southern Florida. The port city of Miami has been a tourist destination for the wealthy and young at heart for decades. With close proximity to the world famous beaches and boulevards that are lit with neon the attraction of Miami brings in [...]