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seller: Easements - 05/10/07 10:40 PM
Every property has some kind of easement--utility, water and sewer or driveway easements which give access to landlocked parcels. As a property owner, you may be affected by easements at some point.The easement in gross is the most common type of easement used by public utilities. These easements are often under or above the ground, so they do not consist of actual land. If a utility gains the right to an easement in gross over your land, it must pay you for the diminishment in value of your property.Easements by prescription become easements simply through unchallenged use by the landowner for … (0 comments)
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seller: Liens Against the Title - 05/10/07 10:18 PM
Occasionally homeowners who are trying to sell their home are surprised to learn that their title is encumbered by a lien. There are several types of liens; the most common are mechanic's or contractor's liens.The lien (or debt) must be paid off in order to be cleared. If the owner prefers to challenge the lien, he can release it by posting a bond, pending adjudication. In some types of liens, a title search may disclose claims against the property by an ex-spouse or long-ago heir of a former owner. A simple "quitclaim" deed may be used in these cases. By signing … (0 comments)
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seller: Tax Implications of Selling Your House - 05/09/07 02:15 AM
Most sellers make a profit when they sell their homes. They often have questions about how capital gains tax will impact them.If you are selling your primary residence, you do not have to worry about paying taxes on your profits if your gain does not exceed $250,000 as a single taxpayer (or $500,000 as a married couple filing jointly). This tax law comes from The Taxpayer Relief Act passed in August of 1997. Different rules apply when you sell income property. If you sell one property then purchase another, the taxes will be due for the year the sale occurred. On … (3 comments)
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Justin Pintler ABR, CNE
Vancouver,
WA
More about me…
Keller William Realty
Address: 915 Broadway Suite 100, Vancouver, WA, 98660
Office Phone: (360) 816-9902
Cell Phone: (360) 624-7774
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