IRS rule makes it easier to swap property
Limited personal use OK'd for homes in 1031 exchangeQuestion: Allison, What’s the latest scoop on the 1031 tax deferred exchange process? I hear there has been a change.Answer: Good question! The Internal Revenue Service has handed investors and ...
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Posted by Allison Simson on March 13, 2008 in Archived
Second-home buyers learn shocker on moving day
Cabin's most redeeming quality not included in saleWhat you see is what you get, right? Not necessarily in real estate, unless you go out of your way to document your expectations and assumptions and make them known to the seller. This is especially ...
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Posted by Allison Simson on March 13, 2008 in Archived
Buying second home offers tax break, but at a price
Mortgage-interest deduction can be impacted by multiple refis on primary homeA man thought he would take advantage of the cold, rotten winter weather -- and the perception that real estate is about the same in most of the country-- and make a ...
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Posted by Allison Simson on March 13, 2008 in Archived
Tax returns and refinanced homes - what to watch for
Question: We’re just preparing out tax returns and are taking into consideration that we refinanced our home last year. What should we be watching out for? Answer: When filing taxes each year, many homeowners tend ...
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Posted by Allison Simson on March 7, 2008 in Archived
Where can we go to get information about setting up a mini homeowners’ association
Question: We’re in the process of building a 4-plex in Silverthorne and want to set up a mini homeowners’ association. Where can we go to get information about how to set one up? Answer: Are you confused about homeowner associations? Contact the ...
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Posted by Allison Simson on March 7, 2008 in Archived
What do you feel that the “baby-boom” generation is really looking for in terms of housing?
Question: We have been in the building industry in Summit County for the past 5 years. We want to keep abreast of what the demand is in terms of new housing. What do you feel that the “baby-boom” generation is really looking for in terms of housing? ...
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Posted by Allison Simson on March 7, 2008 in Archived
Do high power lines affect property values?
Question: We want to build a home in Summit County and one particular lot that we are looking at is fairly close to high power lines. How do these lines affect property values? Answer: A study by St. Cloud State University of Minnesota examined the ...
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Posted by Allison Simson on March 7, 2008 in Archived