Jim's Blog - Archives July, 2008

Home : Blogs : Jim Valentine : Jim's Blog : Archives July, 2008

We Are Selling Our Vacation Home ... Can We Do A 1031 Tax Deferred Exchange? - 07/31/08 11:17 PM

Until March of this year vacation homes had a weird non-status ... they weren't investment property and they weren't personal use property in the eyes of the IRS. To achieve a 1031 Exchange the property must be held for investment or used in a trade or business. After a U.S. Tax … (1 comments)

Are Lenders Still Impacting the Market? - 07/24/08 08:50 AM

Yes, lenders are still having an impact on real estate values and sales. The numerous bank-owned properties throughout Carson Valley are continually driving down the neighborhood values because of the banks' lack of maintenance on their properties. The dry lawns, weed forests, and other value-sapping deficiencies resulting from lack of care … (0 comments)

Should the Seller Leave or Stay When Their Home Is Being Shown? - 07/16/08 01:25 PM

There is no set rule in the industry. In the Carson Valley where we live and work, some agents are so adamant that a Seller must leave the house that they will turn down showings if the Sellers can't leave. We believe that any showing is better than no showing, but … (10 comments)

The Beautiful Open Field Behind My House Is Going To Be Subdivided ... What Can I Do? - 07/12/08 04:04 PM

It may be a bit late to do anything about the new development, but our concern is what you could have done when you bought your property. Most of the Valley's developable land is a matter of public knowledge, or readily apparent for its potentiality by a bit of investigation. If … (2 comments)

A Lease/Option ... Should We Take It? - 07/02/08 04:24 PM

As markets change so does the nature of real estate transactions. One type of transaction that comes and goes with market changes is the lease/option, a lease tied to an option to purchase. The lease/option tool can be a good one for Buyers and Sellers if their circumstances warrant it.
… (2 comments)

Related Links:

All member posts for July, 2008

New members in July, 2008