Summit Real Estate Blog

IRS rule makes it easier to swap property

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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Second-home buyers learn shocker on moving day

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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Tax returns and refinanced homes - what to watch for

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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Do high power lines affect property values?

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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