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The decision to purchase your first home is one of the biggest and best choices you could ever make. After all, a home is the largest - and most emotional - investment most people will face in their lifetime. So, how do you know if it's the right time for you to buy?There is never a wrong time to buy the right home. The key is finding the right buy and taking the time to carefully evaluate your finances.
A home purchase is an important step that can provide many advantages. Purchasing your own home is a great investment that can deliver several financial benefits - equity build up, value appreciation, automatic savings plan - not to mention a new sense of pride!
Start looking at your options today. You don't have to know everything. Your Lookup Realty agent is ready to help you through every step of the process.
Some things to consider when deciding on the best price point are:
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Typically, when an investment asset is sold, the owner is taxed on capital gains. However, Section 1031 of the Internal Revenue Code provides an exception: If a seller replaces a non-owner-occupied investment property with a like-kind (same or higher value) property, the owner can defer paying taxes on capital gains.
The idea behind a 1031 Exchange (also known as a Starker exchange or a like-kind exchange) is that the taxpayer’s investment is fundamentally the same — only the form has changed — and it would be unfair to tax what is only a gain on paper.
One of the primary benefits of a 1031 Exchange is that an investor is essentially receiving an interest-free loan from the IRS to invest in another property. And this loan amount can be increased through subsequent exchanges.
There’s no limit to the number or the frequency of 1031 Exchanges an inve ...
First of all, it is always prudent to rely on a professional inspector or contractor in these matters. Many roofing contractors will inspect your roof for free. Should you want to start doing it yourself:
Pitched roofs should be inspected at least once every two years. To check the condition of an asphalt-shingle roof, go to the sunniest side and bend the corner of a few shingles. If they’re brittle and crack, a new roof might be in order. Other tell-tale signs an asphalt roof is beyond its prime: curled tiles and bare spots where the shiny ceramic mineral granules are missing.
Flat roofs should be inspected annually. Keep an eye out for ponding, or standing water in the form of puddles after a rain, or dry pockets filled with residual debris. Such areas may need to be built up to assure water properly drains to the downspouts.
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What is a deed? What type of deed -- grant, quitclaim, warranty -- should I use?
A deed is the document that transfers ownership of real estate. It contains the names of the old and new owners and a legal description of the property, and is signed by the person transferring the property. You can't transfer real estate without having something in writing, which is almost always a deed.
Here's a brief rundown of the most common types of deeds:
A quitclaim deed transfers whatever ownership interest a person has in a property. It makes no guarantees about the extent of the person's interest. Quitclaim deeds are commonly used by divorcing couples; one spouse signs all his or her rights in the couple's real estate over to the other. This can be especially useful if it isn't clear how much of an interest, if any, one spouse has in property that's held in the other's name. (However, a quitclaim deed doesn't relieve the individual transferring ownership from the mortgage, if there is one.)
Quitclaim dee ...
Lookup Realty the owner operator of SDLookup.com was named as one of America’s most productive Real Estate teams as a part of REAL Trends America’s Best Real
Estate Agents the newly issued ranking report produced by REAL Trends and produced in partnership with Trulia.
REAL Trends America’s Best Real Estate Agents ranks over 9,500 residential real estate agents solely based on their excellence in real estate sales during calendar year 2013. All production numbers are independently verified by a third-party in order to ensure accuracy and report integrity. This group of highly successful real estate sales agents represents less than 1 percent of all real estate practitioners in the United States.
The real estate agents are ranked in four categories:
• Individual agent — Sales volume
• Individual agent — Transaction sides
• Agent team — Sales volume
• Agent team — Transaction sides
To qualify for inclusion, ...
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