Vacation Property & Second Home 1031 Exchange Guidelines
I’ve had lots of questions lately about 1031 tax deferred exchanges and thought it might be time for an update! This information is from Bankers Escrow Corp and Mary Lou Schwab. Great News! The I.R.S. will not challenge whether a vacation ...
Posted by Allison Simson on April 26, 2012 in Archived
Quarterly Sales Report for your area is available!
Summit Real Estate's Quarterly Sales Reports are here! It is our pleasure to keep you informed on Summit County’s Real Estate Market. Click the hyperlink below, fill out the information required and you will automatically be directed to the sales ...
Posted by Allison Simson on April 18, 2012 in Archived
Having a hard time selling your property? Write your buyers a love letter!
Question: Allison, we have had our Silverthorne, CO home on the market for several months with lots of showings, but no offers. We feel like our price is right – do you have any other ideas for us? Answer: Thanks for asking…of course, correct ...
Posted by Allison Simson on April 13, 2012 in Archived
Tax break for owners occupying a rental has changed
Q. Allison, I bought a rental home three years go and have been renting it out ever since. If I move into the home now and live in it for two years and then sell it, will I qualify for the full $250,000 home-sale exclusion? A.The short answer is: ...
Posted by Allison Simson on April 3, 2012 in Archived