A 1031 Exchange is a useful tool for real estate investors, allowing them to defer capital gains taxes on the sale of an investment property by reinvesting the proceeds into a similar property.
1031 Exchanges in Real Estate
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Category: Real Estate
Benefits of Falling Mortgage Rates
Last month the Federal Reserve lowered interest rates for the first time in four years, sparking excitement in the real estate community. This is big news for people who have been waiting for rates to drop in order to purchase a home or refinance their existing mortgage.
How Estates Affect Real Estate Closings – Topic 5: Who Needs to Sign?
Due to an increase in real property sales involving estates, it has become increasingly important for sellers to understand the requirements and processes involved.
Due Diligence vs. Earnest Money
In NC, when a buyer makes an offer to buy a home, there are two fees that are typically included: due diligence and earnest money. Know the difference.
FIRPTA – It’s Not What You Think!
FIRPTA (the Foreign Investment in Real Property Tax Act): What it is and how it affects realtors, buyers, and sellers.
How Estates Affect Real Estate Closings – Topic 4: Notice to Creditors
Topic 4 in “How Estates Affect Real Estate Closings” deals with the Notice to Creditors. This notice must be published at least once before the closing of real property.
How Estates Affect Real Estate Closings – Topic 3: Determining Heirs
Topic 3: “How Estates Affect Real Estate Closings” with determining heirs or beneficiaries of the decedent. It is necessary to identify heirs and whether they are married.
How Estates Affect Real Estate Closings – Topic 2: Location, Location, Location!
The next step is confirming if an estate file has been opened and, if so, that filings have been submitted in the appropriate county. For any transfer or sale of real property to be valid against claims of creditors, the decedent owner’s will must be probated or filed in the county where the property is located.
How Estates Effect Real Estate Closings – Topic 1: Will or No Will?
Whether a deceased individual had a Last Will and Testament determines how the deceased’s estate will transfer according to North Carolina statute.
Buying or Selling a Property Held in Trust
Selling or buying a property held in trust depends on the trust itself. Here’s what you need to know before buying or selling a property held in trust.