Tag: property (page 3 of 4)

How to Maximize Taxes With Your Ex-Spouse and a Vacation Home

We raise the question, because home selling has a specific benefit many enjoy: the tax benefits. That’s what we mean when we say we can maximize taxes by taking advantage of the exemptions. Deductions, deductions, deductions. You get all the profit when you sell.

But Only When the Property Is Your Actual Homemaximize taxes vacation home

Case in point: a vacation home won’t apply to those same exemptions. So what can you do? If you want to sell that vacation home, be prepared; you might have to pay taxes on it. And this is precisely the case when facing divorce, a situation littered with plenty of options regarding property.

Be prepared to pay some capital gains tax if you sell that vacation home. How much that tax will be will depend on your actual income. So let’s say you don’t have a whole lot of income, and your ex-spouse transfers ownership to you… Sell that vacation home, and you can retain a great portion of that profit down the road.

There is the possibility of a ‘partial exclusion’, though, where you may prove that you’ve lived in the residence for two years or more. If that’s the case, selling the vacation home can earn you 40% of the profit that would otherwise go to capital gains tax. Might be a pretty good option for you as well as the ex-spouse!

Either Way You Look at It, You’re Going to Need to Consult the Experts to Maximize Taxes

A qualified and experienced divorce attorney will help you tremendously regarding that vacation home. Maximize taxes, of course, by registering with an expert from the Income Tax Planning Network. Find out whether or not you want that vacation home on your plate. It all depends on what you want to pay on taxes or not. Because remember: it’s just property. Think of your finances.

 

 

The post How to Maximize Taxes With Your Ex-Spouse and a Vacation Home appeared first on Selling Your Home With Social Media.

Maximizing Tax Benefits for Selling the Home After Kids Grow Up

Divorce doesn’t have to destroy the kids. There are options out there, and they’re not to blame. So it just so happens that many divorcing couples find the option to keep the home when dealing with a divorce until those kids move out when they’re older. There’s a specific reason to doing this, in that it’s not going to be a forever thing when owning the home indefinitely — eventually, that home will get sold!

The Tax Benefits Are Obvious, But Keep This Important Point in Mind….divorce tax-5

If you’re going to sell that home later on, make sure you get that attorney on your side to stipulate in the divorce agreement that the home still is your “main residence” for tax purposes. The law states that you won’t get the tax benefits of selling the home if you’re not living in the home for at least two of the last five years of that primary residence.

So if the son and daughter are only in their teen years, and you’ve moved out, selling the home leaves you high and dry while the ex-spouse reaps the tax benefits. Therefore make a point to research with the Income Tax Planning Network and find out what you need to do to settle the issue correctly.

Because Selling a Home Can Be a Benefit

Tax benefit, to be exact. It just takes timing. And divorce is anything but timely. Make it a point to sign up with ITPN and talk to an expert immediately. Get the lawyer, too, while you’re at it. Divorce doesn’t have to destroy the finances, especially when you’re facing the issue of selling that home. Either you sell the home and make anywhere around $250K in profit, or you’re not paying attention to those tax laws and have to fork over a ton of that profit to the IRS. You pick.

The post Maximizing Tax Benefits for Selling the Home After Kids Grow Up appeared first on Your Rent-to-Own Consultants.

Why Grand Rapids Sees Beneficial Credit Repair Services

We’ll be ridiculously honest that even in our great city on the river, many residents here suffer from serious credit repair problems. Scammers are out there (so says Sherlock Holmes, right?). Sometimes the cost is too much just to get that credit score up. What can a Grand Rapids resident do to solve the problem, so he or she can get into a home with zero money down and a decent mortgage payment? Well, the BBB A-rated H.O.P.E. Program has the answer, having worked with the likes of Lexington Law for so long!

Enter Independent Credit Solutions: A New Service for Credit Repaircredit repair open door

It was recently announced in a press release that this new service was recently launched, throwing in their hat in the credit repair market: Independent Credit Solutions, their own brand of credit repair, and wow it’s making waves all over social media, through the HOPE Program’s own blog even, and through sites like OWNWITHHOPE and the Complete Real Estate Site. The word is spreading. And hopefully Grand Rapids, Michigan, will hear it loud and clear.

The fact is this: credit repair’s essential to the prospective homeowner. Even if you’re renting, or considering a rent-to-own, you’re going to want to enroll in that DIY credit repair — because the better your credit score, the faster you get into that ideal dream home.

The Answer Is Obvious: Enroll in ICS Right Now

You can fill out your information, in fact, right here with Independent Credit Solutions — the unique service empowering all prospective homeowners with the resources necessary to improve their credit. Credit repair’s only an open door away. You don’t even have to open any doors at all. ICS has all the doors open for you thanks to their new division of credit repair. Get started right now and don’t hesitate.

The post Why Grand Rapids Sees Beneficial Credit Repair Services appeared first on Grand Rapids Property Values.

3 Secret Real Estate Money Saving Tips for Down Payments and Closing Costs

That’s the one thing many first-time home buyers stress on the most: the money. “Will we have enough for a down payment? “What about taxes?” “How will we cover closing costs?” You can watch the stress bleed out of their pores and cause hernias without lifting a single piece of furniture during move-in day. And the sad fact is this — they really should be stressed, because the real estate market is cutthroat. It’s deadly. It’s wicked.

But We Have the Secret Tools, the Hidden Resources, the True Real Estate Money-Saving Tips You’ll Need to Actually Make It Easy

And it’s not like a lot of these tips we have are often advertised all over the Google search engine either. real estate money-saving tips-1Sometimes you might even find your real estate attorney, broker or agent might neglect to mention any of these, not for lack of thinking about it, but because they don’t know you need the help. It’s all about communication.

So this is us communicating with you. You have options. You have possibilities to get into that home with zero down, potentially. You have the ability to work on getting into that RTO home, collaborating with the landlord, and then exercising your lease option-to-buy like a champ. All you need to do is take advantage of these three real estate money saving tips:

  • Don’t Be Afraid to Ask Your Lender About the Mysterious “203(k)” — What’s the “203(k)”? You’ll find out right here.
  • Cash Gifts Count for That Down Payment — Yes, your income factors into that down payment, but here’s the thing….
  • Cash Gifts Also Count for Your Closing Costs! — We know it sounds too good to be true, but who knows: you can ask your lender, and you might get lucky. Just how much could you save? Click here to find out.

And that’s just the start….

Real Estate Money Saving Tips at Its Best

You have to remember that the real estate market is only as healthy as the people who are willing to take the chance and buy those properties out there. Developments rise up; but they’re useless unless someone’s willing to move in.

So investigate. Research. Learn. There’s a lot of help out there, and with our market continuing to grow, these real estate money saving tips will only just be the beginning.

The post 3 Secret Real Estate Money Saving Tips for Down Payments and Closing Costs appeared first on The Complete Real Estate Site.

4 Top Articles on Retweets for Everything Real Estate

Twitter knows everything real estate these days. Buying a home? You’ll find it in a tweet. Have you browsed the trends lately? Selling homes on Twitter’s huge these days. The whole of social media, in fact, knows home selling like the back of its digital hand, and don’t even get us started on real estate investmentThere’s a big cash cow there, especially when researching property values on Zillow, so if you’re looking for a little know-how, honestly, you might as well find it online.

And You Find That Relevant Information Through Retweets of Anything and Everything Real Estate

Why? Not only is it good information — it’s relevant information. This is information passed Twitter Everything Real Estatearound right now. Who knows — you might even read this information and realize what’s not only trending in everything real estate, but active in the world today, on the news, in your neighborhood, and basically everywhere you look. So it’s in your best interest to check out these articles on everything real estate on retweet from the top professionals in the industry:

And More and More Retweets Keep Cropping Up as We Speak

So it’s in your best benefit to be involved. Get on social media. See what’s cooking. Tweeting. Trending. Check out the hashtags. Look to the predictions of everything real estate. Information is power. Trust us.

The post 4 Top Articles on Retweets for Everything Real Estate appeared first on The Complete Real Estate Site.

7 Secrets of the USDA Mortgage You HAVE to Know

Ah, yes — the USDA mortgage, a term some real estate moguls tend to glance over as a supposed myth in the real estate industry without any real opportunity for prospective homeowners, largely because many agents look for the “good” deals, nail them, and move on. But contrary to what many believe, the USDA mortgage loan is the market’s “best kept secret,” often pursued by military vets and misconstrued due to the simple fact that this is a loan offered by…. the U.S. Department of Agriculture? Yes. You got it.

That’s Actually a Big Reason Why the USDA Mortgage Is Often OverlookedUSDA mortgage loan-1

But it shouldn’t be. Getting that mortgage with zero down would be a piece of cake even with the growing home prices all over the nation. Home sellers far and wide would roll in dough faster than they can bake their cakes when USDA mortgage approvals rise up in the heat of the budding real estate market, with the slight catches everyone should know.

Because, yes, this is a weird truth of the matter, the USDA mortgage coming from the nation’s Department of Agriculture, of all organizations. And you still have to qualify for it, obviously; but once you’re qualified, just know you’re in for a true triumph with benefits unheard of in this mortgage industry, even with the trends we’re seeing today.

Once You Do, We’ll Make It Simple: Pursue This!

Simply sign up for H.O.P.E. and ask about the USDA mortgage program. It could be your “in” ticket to become a homeowner. And that’s grade A, premium cut, no doubt.

The post 7 Secrets of the USDA Mortgage You HAVE to Know appeared first on The Complete Real Estate Site.

Should Your Ex-Spouse Buy the Home From You for Tax Reasons?

The answer could very well be yes — for obvious tax reasons. Now we’re not saying, though, that taxes will benefit the buyer in this case. Rather, this will be a mutual benefit in selling the home during a divorce, and here’s why:

Being Free and Clear of the Obligations

The situation has to fit; we’ll say that much. As there are plenty of divorce tax options regarding the home divorce tax-4to choose from.

Let’s say you want to keep the house. Your ex-spouse understands that and has no problems leaving except for the fact that you’re going to have to pay up some money to own the house solely on your own. In essence, you’re buying off your ex-spouse by paying his/her share of the ownership.

Tax reasons in this situation require some negotiation, though — a fair price has to be agreed upon by both parties, and once both sign on the dotted line, the one selling the share of the home gets that name removed off the deed. On the one hand, if you’re buying, you’re paying up extra money; however, guess what: that property’s all yours. On the other hand, if you’re selling, you’re getting some money in your pocket; this does mean, though, you absolutely have to move out.

Now keep in mind that negotiations don’t necessarily have to end up clear across the middle. Oftentimes divorced couples will negotiate on a buyout price that reflects the income. It’s a fair price; not an equitable one.

You Benefit Through Tax Reasons in This Way….

As in, you don’t pay any taxes as a result of the buyout, saving you some tax trouble down the road. Of course, the negotiations can require some legal planning, which you can sign up for right here; and, of course, you’re going to want to consult with an expert from the Income Tax Planning Network immediately.

Don’t hesitate. Do it now. That divorce shouldn’t have to drag out too much.

CoreLogic’s Look at the Future Rising Home Prices in America

Let’s just say that if you’re wondering about upgrading on your home life and you’re scared to pull the trigger, here’s two words of advice: fear not. Likewise, if you’ve put a lot of money into your current home and you’re looking to sell, there’s a real possibility you might want to wait until next year, because CoreLogic’s numbers are in with respect to the future home prices in the United States — and it’s pretty staggering to see the property values.

Inventory’s Dwindling — so Therefore Home Prices Are Rising

And before you think that this may be only an anomaly of a few states in the west coast or east coast or home prices-1wherever, think again. This is nationwide. Home prices are climbing everywhere, and for home sellers, undoubtedly, this is gold. Even as a prospective home buyer, if you play your cards right and sell your own home as the home prices keep climbing, you just might have it in your budget to make an offer for the right house in a market made for home sellers.

Just how much are the home prices going to climb? Check it out, right here:

Go ahead and see for yourself. We guarantee — it’ll surprise you.

All the More Reason to Continually Do the Research on Your Home’s Value

It’s all about research on the home prices, which on average you’ll see an overall growth in home prices by just over 4% in the very near future here. See how the market fluctuates then. Are you ready to move “up” in the market? Plan a renovation? Focus on home renting? You be the judge. What’s good is we have the goods on the predictions for what’s to come if you enroll right now.

4 Top Real Estate Tweets for #NPV by @Starwise

Word’s spreading about NPV, no doubt…. (sorry, Zillow). We’re all in this together, though, when it comes to real estate, because when you boil down the bread and butter, ultimately what matters to the market is this — growth. We want growth. We want stability. We want affordability. We want cash flow, innovation, interest. We want new developments, people moving “up” in the real estate market, others buying, plenty of sales, and lots and lots of successful open houses.

And Without a Doubt, Real Estate Technology Does Play a Rolereal estate twitter-1

Nationwide Property Values certainly offers the fair share of the success, but a lot of it due to technological word-of-mouth a la Facebook, innovations like Periscope and Meerkat, Google+ pages like the HOPE Program and even a feisty upstart in a facet of the real estate industry, Independent Credit Solutions for credit repair for that home mortgage approval. We all know that YouTube plays a role, and even Pinterest makes a mark in the real estate market as well as plenty of other social media platforms…. But we thought it prudent to shed some light on the spread-like-wildfire power that is Twitter (not just when it comes to home selling) through the eyes of one tweeter making major headlines with mentions and retweets galore for some of the sweetest articles NPV has laid out for the masses.

We’ve done the research. We know what’s circulating out there, and we have the results: these are the four top real estate tweets about some of the information we’ve brought to you, so it would do you well to take notice. We know what the real estate industry’s looking at, as well as Twitter and Mr. Starwise (alias, Pierre Roustan), and we hear you loud and clear.

It’s about time you hear it as well:

The Results Are Real and Accurate

Real estate continues to make headlines, especially given the news about the real estate market climbing and even the story about the Chinese investing in Texas real estate. Whatever the case, it’s clear: we’ve got the news aplenty, and the stories are circulating the cyberspace airwaves. Pay attention, please.

8 Home Improvements That Can Actually MAKE You Money

Maintaining a home can be a constant strain on your bank account. Why not have your home start paying you back for a change? We have found eight home improvements that if used in any combination will actually make you money in the long run due to cost efficiency!

The Best Home Improvements Measures of 2015

The ingenuity of this is stellar when you think about it. Because it’s all about the ROI. Truly effective home improvement should net you some sort of return — whether you’re a home investor, seller or buyer. So home improvements-1follow these home improvement tips and start raking in the dough:

You’ll notice that some of these are surprising while others are no-brainers, but one thing’s for sure:

These Are Must-Haves for Home Improvement. No Question.

Don’t expect trends like this to last an eternity, though, given this is the real estate market we’re talking about. Whether it’s a rent-to-own, or you’re selling a home, it doesn’t matter. Whatever the case, one thing’s for sure — home improvements are the secret weapon to real estate success. Click here to learn more about home improvements.

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