All Posts Tagged With: "sell"
Can Brokers Buy Their Own Listings?
Brokers and salespeople surely have a right to buy real estate, the question is under what circumstances. If Smith lists a home and later wants to buy it, Smith has access to information which may not be available to an arms-length buyer. Realistically, anyone in Smith’s brokerage firm may also have the advantage of such [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
Can A Realty Broker Help Me Buy A Business?
In some states there have traditionally been “business chance” brokers, individuals specifically licensed to buy and sell businesses for another and for a fee. Such licenses in many states have been combined with real estate licenses, meaning that a real estate broker is allowed to buy and sell a business for another. Please speak with [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
Should I Enlarge My Home Or Get A Bigger One?
If you enlarge a smaller home you may find that central heating and cooling systems need to be expanded to accommodate the additional volume of space and that the electrical system must be updated. In terms of a design, it is possible that the living room, dining room, and kitchen will be too small to [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
Can I Buy Real Estate With No Money Down?
Yes. Millions of people have bought real estate with no money down through the VA loan program. If you mean, can you buy real estate at a discount of 20 or 25 percent with no cash or credit, and then instantly sell or rent the place at a profit, then the answer is probably no. [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
Should I rent or sell my property?
A number of questions should be asked, including: ___If you rent, can you rent and have a positive cash flow? ___Are property values in your community generally rising? ___What are the tax implications of each choice? Speak with a tax professional for details. ___Does your community have rent control (about 200 areas now have rent [...]
27Aug2008 | Peter G. Miller | 0 comments | Continued
I can buy a home from my family. What are the major issues that will concern the IRS?
Real estate transactions tend to be major financial events, so there can be substantial tax issues. In the case of buying a home from a family member, there are several questions to raise: ___Are you paying a fair market price? An appraisal or market studies by real estate brokers can establish the value of the [...]
26Aug2008 | Peter G. Miller | 0 comments | Continued
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