When it comes to real estate, there must be a meeting of the numbers for a property sale to take place. The value a buyer puts on a property can vastly differ from the value a seller or lender places upon it. The seller, the buyer and the lender must find an agreeable value to […]
What Are You Doing With Your Tax Return and Stimulus?
Every once in a while, the stars align and things can fall perfectly into place. That’s the case right now. With tax returns and stimulus checks coming in, just in time for the spring home buying season! With a little planning, you can use this income to put together a down payment for your first […]
The “Step Up” Tax and How it Works
Stepped-up basis is a tax law that applies to estate transfers. When someone inherits investment assets, the IRS resets the asset’s original cost basis to its value at the date of the inheritance. The heir then pays capital gains taxes on that basis. The result is a loophole in tax law that reduces or even […]
What to Consider Before Buying Your Dream Home
It is easy to become overwhelmed when you enter the home buying market. Friends, family, colleagues, and even acquaintances will give you their opinions if you are a first time home buyer. While most of them are looking out for your best interest, they are not fully aware of what is happening in the housing […]