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Real Estate News and Articles

CAPTIAL GAINS QUESTIONS ARE BACK

Now that prices have recovered, people are asking me about capital gains taxes again. There are a lot of myths out there on this topic.   The most common myth is that you have to buy another home of equal or greater value... Read More »

SINGLE AGENCY VS. DUAL AGENCY

Using the same agent to represent both buyer and seller is 100% legal, as long as all parties are made aware and agree to this BEFORE signing a contract. While it is legal, that doesn’t mean that it will always be in your best... Read More »

BUYER’S AGENT VS. SELLER’S AGENT

In the past, all real estate agents worked for the benefit of the Seller. This was called “sub-agency.” If you told your agent, “Let’s offer $450,000, but we’ll go $460,000 if we have to,” that agent had a LEGAL duty... Read More »

WHO PAYS?

In our area, it used to be customary to have the Seller pay for a termite inspection of the property. Recently our standard contract changed to where it doesn’t mention this report, so the Buyer either pays it, or has to amend... Read More »

IS TITLE INSURANCE WORTH IT?

The answer is an emphatic “YES.” It is true that most title insurance policies never have any claims against them, so some people think they are a waste of money. But in the unusual cases where title problems arise, a policy... Read More »