WHAT GIVES? COMMERCIAL Real Estate Vs. RESIDENTIAL Real Estate

Published on Tuesday, September 06, 2016 | by


I have had many people come to me and ask “What are the differences between a commercial & residential real estate broker?”  Although this is a subject I could dwell on for hours and make a college course out of, I will hit just a few of the highlights that set these two industries apart. . . .

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IS IT TIME TO SELL REAL ESTATE?

Published on Tuesday, August 30, 2016 | by


That answer is: MAYBE!  There are many things to consider, though, before you make that decision.  First of all, what type of real estate are you holding?  If you are sitting on land and provided it is in the right area, right now, that answer may YES, although there are also other things to consider before you make that decision.  Regardless, raw land sales (provided they are in the right area), are bringing a premium in today’s market.  . . .

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THE ISSUE OF PERSPECTIVE ASSIGNED TO REAL ESTATE

Published on Tuesday, August 23, 2016 | by


To the Client, their needs and desires must also be coupled with the Real Estate market in general.  In an effort to provide the best service for the Client, the Real Estate markets Counselor considers what hasn’t happened yet within the surrounding area of the property to effect the value of the property. The Counselor takes in a variety of information about past and present sales, whether it is vacant land or a cash flowing investment. In a perspective of vacant land, is the appropriate zoning in place for additional homes?  What are the homes in the area selling for?  What are the development costs associated with the property? And the most important question, is there a market for new homes?   . . .

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WHAT TO DO, WHAT TO DO?

Published on Thursday, August 18, 2016 | by


Counseling Buyers and Sellers is paramount in the Real Estate business.  Counseling the Client with the right advice is even more important for the ultimate goal of the Client.   . . .

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OTHER IMPORTANT FACTS

Published on Tuesday, August 02, 2016 | by


It is crucial that the strategy of the 1031 Exchange is thought out and implemented correctly. Whereas . . .

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THE 180-DAY RULE

Published on Tuesday, July 26, 2016 | by


The Replacement Property must be Closed (i.e. the Exchange completed), no later than the earlier of 180 days after the transfer of the exchanged property or the due date (with extensions) of the income tax return for the tax year in which the exchange property was transferred. The Replacement property received must be substantially the same as the property which was identified under the 45-day rule described in my prior Blog. There is no provision for an extension of the 180 day period for any circumstances or hardships (except for disaster areas recognized by the IRS). . . .

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THE 45 DAY LIMITATION RULES OF THE REPLACEMENT PROPERTIES

Published on Thursday, July 21, 2016 | by


After the 45 days, limitations are imposed upon the number of potential Replacement properties which qualify and can be received as Replacement Properties in return for the Relinquished Property. More than one potential replacement property can be identified under the following three conditions: . . .

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