live in laramie real estate: Taking Title as A Trust - 10/22/17 07:24 PM
In Wyoming, you have the choice of taking title of real property as a Trust.
The legal and tax implications of setting up a trust are complex and vary widely from state to state.  Attorneys and tax experts should always be consulted on the subject of trust.*
That being said, the basic premise of a trust is the transfer of ownership to a third party to hold or manage for a beneficiary.
                                                                  
There are three main participants in a trust: 
The Trustor - the creator of the trust The Trustee - The party who holds legal title and is "entrusted" to carry out the purpose of the trust as defined by the Trustor The Beneficiary … (0 comments)

live in laramie real estate: Taking Title as Tenants in Common, Laramie, WY - 10/22/17 07:08 PM
Laramie, Wyoming Real Estate:  Tenants in Common
In Wyoming, taking Title as Tenants in Common is one of the eight standard options.  The BASIC concepts of a Tenancy in Common as described in  "The Language of Real Estate" by John W. Reilly (2006, by Dearborn Financial Publishing, Inc) are:
It is the most commonly held form of co-ownership Each entity or person with ownership interest can be referred to as a co-tenant Each co-tenant has an undivided interest in the whole property Each co-tenant is entitled to undivided possession of the property according to his or her proportionate share Ownership interest is considered to be equal among co-tenant unless conveyance documents indicate otherwise No right of survivorship If one … (2 comments)

live in laramie real estate: Taking Title in Wyoming as Husband and Wife - 10/22/17 07:02 PM
Taking Title in Wyoming as Husband and Wife
Naturally, the main requirement for taking title as Husband and Wife in Wyoming is that you be married. For what constitutes legal marriage in Wyoming go to:  http://legisweb.state.wy.us/statutes/statutes.aspx?file=titles/Title20/T20CH1.htm  Suffice it to say that you can only take title as Husband and Wife if you meet the state requirements as to what a husband and wife is.
Just because you are married does not mean that you have to take title as Husband and Wife, but if you do here is some of what that means: 
A husband and wife will own the property as if they are one entity.  As one entity they are each considered to have equal, undivided ownership. One partner or the other … (1 comments)

live in laramie real estate: What the heck is a "Fence Out" state? Laramie, WY Real Estate - 10/22/17 06:41 PM
When it comes to cattle, Wyoming is a  FENCE OUT State.  That means if you live in rural Wyoming and you do not want cattle to roam freely on your land, then it is your job to fence them out!  Isn't that a funny concept?!
Sheep, goats, swine and elk(?!), on the other hand, are required to be fenced in.  Though, permissions are given that allow herds of sheep to be crossed from one grazing area to another by going through someone else's land if necessary.  However, that is "only as long as the animals are not allowed to stop and de-pasture the enclosure."  Good luck telling the sheep that!       
Someone wrote … (3 comments)

live in laramie real estate: Laramie, WY Real Estate: Operator, could you help me place this call? - 10/18/17 07:18 PM
I got such a big kick out of the unexpected appearance of this phone at a visitor's station in the middle of the forest. I suppose there was a time that if you needed to make a call while out in the wilderness that this would have been your only option.  It's unimaginable to believe that that time was only about 10 years ago!  Even now with limited coverage in mountains and valleys, I suppose this little pay phone still gets used.  So add a quarter to your emergency survival kit for your next trip to the mountains!
(9 comments)

live in laramie real estate: Schools in Laramie, WY: UW Lab School - 10/09/17 07:14 AM
Schools in Laramie, WY: UW Lab School
(Post 9 in a Series of 16)
Moving to Laramie?               Already live in Laramie?             Moving to a different neighborhood? 
Have no fear!  All the schools in Laramie boast excellent reviews and acheivement data.  Laramie also has three free public schools of choice - Snowy Range Academy, Laramie Montessori and UW Lab school. Additionally, Rock River K - 12  accepts and transports students from Laramie.   When possible, the school district may issue boundary exceptions.  Want more information on how it all works? 
    Ask us how:       Call Brenda at ( 3 0 7 ) 3 9 9 - 5 4 … (9 comments)

live in laramie real estate: An unusual argument for indoor recess . . . Centennial, WY - 09/26/17 06:38 PM
An unusual argument for indoor recess . . . Centennial, WY
Surely, students in our area are not the only ones subject to the occasional indoor recess.  The main culprits here are usually rain or extreme cold - defined as temperatures below zero degrees farenheit for our school district. 
The town of Centennial live at the base of the mountains just 30 minutes from Laramie.  While photographing the Centennial Elementary  playground, I was curious about this sign. Upon closer inspection my curiousity turned to surprised amusement.  As a longtime Laramie resident, even I wasn't expecting this:
  
 
Oh, my!  Looks like more than the children had been spotted enjoying the playground.
 
I … (8 comments)

live in laramie real estate: Schools in Laramie, WY: Centennial Elementary - 09/25/17 07:41 PM
Schools in Laramie, WY: Centennial Elementary
(Post 3  in a Series of 16)
Moving to Laramie?                   Already live in Laramie?                   Moving to a different neighborhood? 
Have no fear!  All the schools in Laramie boast excellent reviews and acheivement data.  Laramie also has three free public schools of choice - Snowy Range Academy, Laramie Montessori and UW Lab school. Additionally, Rock River K - 12  accepts and transports students from Laramie.   When possible, the school district may issue boundary exceptions.  Want more information on how it all works? 
Ask us how:  … (1 comments)

live in laramie real estate: Schools in Laramie, Wy: Snowy Range Academy - 09/19/17 06:48 PM
Schools in Laramie, WY: Snowy Range Academy
(Post 4 in a Series of 16)
Moving to Laramie?                 Already live in Laramie?                Moving to a different neighborhood? 
Have no fear!  All the schools in Laramie boast excellent reviews and acheivement data.  Laramie also has three free public schools of choice - Snowy Range Academy, Laramie Montessori and UW Lab school. Additionally, Rock River K - 12  accepts and transports students from Laramie.   When possible, the school district may issue boundary exceptions.  Want more information on how it all works? 
Ask us how:       Call Brenda at ( 3 0 7 ) 3 9 9 … (1 comments)

live in laramie real estate: Schools in Laramie, WY: Slade Elementary - 09/19/17 06:40 PM
 
Schools in Laramie, WY: Slade Elementary
(Post 2 in a Series of 16)
Moving to Laramie?                   Already live in Laramie?                   Moving to a different neighborhood? 
Have no fear!  All the schools in Laramie boast excellent reviews and acheivement data.  Laramie also has three free public schools of choice - Snowy Range Academy, Laramie Montessori and UW Lab school. Additionally, Rock River K - 12  accepts and transports students from Laramie.   When possible, the school district may issue boundary exceptions.  Want more information on how it all works? 
Ask us … (0 comments)

live in laramie real estate: Laramie Real Estate: Presenting the Tallest Buildings in Wyoming ? ! - 11/23/12 09:58 AM
I knew our state had a small population - 568,158 after the last Census.  Even so, I was still surprised to be told that Laramie has the tallest buildings in Wyoming.   Seriously?!
With 13 floors each, the McIntyre (on the left) and White (on the right) Residence Halls at the University of Wyoming are on record as the tallest in the state. http://www.wyonation.com/about/about-wyoming/
This pales in comparison to other tall buildings around the nation like the Columbia Center in Seattle with 76 floors, the Republic Plaza in Denver with 56 floors and the Empire State Building in New York City with 102 floors.  … (4 comments)

live in laramie real estate: Laramie, Wyoming Real Estate: What is a Trust Account? - 02/17/11 04:52 AM
A trust account, also called an earnest money or escrow account, is an account established by someone who is being "trusted" to hold your money for a temporary amount of time.  In real estate, trust accounts are generally for earnest money, rental security deposits and any other situation in which a broker might briefly have custody of another person's money. 
The money in a trust account does NOT belong to the broker but to the person for which it is being held.  There are strict rules in place to safeguard funds being held in trust accounts. Money that finds itself in … (9 comments)

live in laramie real estate: Laramie, Wyoming Real Estate: What is Earnest Money? - 02/16/11 08:42 AM
Earnest Money is an advance deposit a buyer submits with their offer to purchase a property.  It says " Pick me! I am earnest, I am acting in good faith to make a legitimate offer on your property."   While 1% of the purchase price is often the suggested amount of earnest money to include with an offer, a buyer can choose to go  higher  or lower depending on a number of things.  Just remember that an offer submitted with a higher amount may be given more consideration than one with a lower amount. 

Owners need earnest money because when … (8 comments)

 
Brenda Whitman, Live in Laramie Real Estate, Broker/Co-Owner, Laramie, Wyoming (Live in Laramie Real Estate, Laramie, Wyoming)

Brenda Whitman, Live in Laramie Real Estate

Broker/Co-Owner, Laramie, Wyoming

Laramie, WY

More about me…

Live in Laramie Real Estate, Laramie, Wyoming

Address: 302 S 2nd Street, Suite 206, Laramie, WY, 82070

Mobile: (307) 399-5477

Email Me



Links

Archives

RSS 2.0 Feed for this blog