Gift or Inheritance – Does It Matter?

A person called into a radio talk program with a situation that was troubling to the caller and disturbing based on the potential tax liability that may have been avoided. The caller’s elderly father had deeded his home to his daughter a few years earlier because in his mind, his daughter was going to get… Read More

Homeowner Tax Worksheet

Keeping track of the basis of your home helps determine the profit you have in a home. This Homeowner’s Tax Worksheet has complete instructions and is easy to calculate. The most important thing is to keep a record of capital improvements you make to the home.  Basically, when you spend money on the home that isn’t… Read More

Ask the Expert: How to Prepare for a Home Inspection

Today’s expert Q & A is with David R. Leopold, owner of Pillar To Post Home Inspection located in Fairfield County, Conn. Q: What can homeowners do to prevent delays, uncomfortable situations and return visits as they go through the process of preparing for an inspection? A: While it’s important that homeowners don’t neglect the […]

Your Place: Tools and Techniques for Cleaning Your Deck

(MCT)—I was looking at my home’s back steps, constructed of pressure-treated wood, and decided it was time for the annual get-rid-of-the-mildew-and-seal-them program. For some reason, they aren’t looking as green as they were last year, so the job will be a snap. It has been a long time since I discussed deck cleaning in this […]

The Top 10 Real Estate Tax Deductions for Homeowners

As the time to file income taxes approaches, we need to take a new look at the changing tax landscape for homeowners. The dynamic atmosphere in Washington, D.C. has a different effect each year on which tax breaks are proposed, rescinded, changed, and …

Exterior Replacement Projects Provide Biggest Return on Investment for Homeowners, Say REALTORS®

Homeowners looking for the most return on their investment when it comes to remodeling should consider exterior replacement projects. According to the 2013 Remodeling Cost vs. Value Report, REALTORS® rated exterior projects among the most valuable home improvement projects. “REALTORS® know that curb appeal projects offer great bang for your buck, because a home’s exterior […]

California Association of REALTORS® Launches Tool to Help Buyers Bridge Down Payment Gap

Regional spotlight–In an effort to provide California home buyers with up-to-date information about available home buyer assistance programs, the California Association of REALTORS® (C.A.R.) recently launched California Mortgage Resource Directory, a powerful search tool that identifies current mortgage programs in communities throughout the state. Buyers can search by city or address for public- and private-funded […]

Living Smart: The Time Is Right for Energy-Efficient Home Improvements

(MCT)—If you’re thinking about replacing your windows this year with more energy efficient options, Washington just upped the incentive to actually get the job done. As part of the “fiscal cliff” agreement earlier this year, federal lawmakers agreed to reinstate the energy efficiency home improvement tax credits that had expired with 2011. Homeowners who did […]

Don’t Let Winter Pinch Your Wallet: How to Save Money on Heating and Cooling

By now, homeowners around the country have begrudgingly made that often pricey decision to turn on the furnace and crank up the dial. Winter is here and for some territories that means brisk to freezing temperatures, frost on the ground and windows, an…

Today’s First-Time Buyers Are Realistic, Planners, Reports RE/MAX

First-time home buyers have long been an important part of the housing market. And that hasn’t changed today. According to the 2012 Profile of Home Buyers and Sellers from the National Association of REALTORS®, first-time buyers accounted for 39 percent of all housing sales from July 2011 through June 2012. But what do these first-time […]