First things first, I'm not a CPA or tax attorney and this or any post should not be considered legal nor accounting advice 🙂 But if you've bought or sold real estate in the past year, either for yourself or as an investor, you'll need to make sure the good ol' IRS knows what you're … Continue reading Tax Season: How Real Estate Can Affect Your Tax Return
Tax liens can be stressful. They are hard on your credit, and they can prevent you from selling your property because of the amount of the lien. If you're facing a tax lien, you may want to list your property for sale and try to get it sold quickly. Then you can use the proceeds … Continue reading I’m Facing a Tax Lien in Pensacola. What Are My Options?
Divorce can be messy, from a financial standpoint. It can also be very stressful, and can take some time to complete. With that in mind, there are often nuances and subtleties that people overlook. One of these issues is capital gains tax on divorce settlements that include a real estate transaction. For example, many people … Continue reading Capital Gains Tax on Divorce Settlement including a Real Estate Transaction: Who Pays?
If you have a home in the Pensacola, FL area and you're having trouble making the payments, you'll want to find a way to change your situation. Getting a buyer for the home and getting out from under the mortgage can be a great way to do that. Then you can move to a place … Continue reading Foreclosure in Pensacola. What Will it do to My Credit?
Short sales aren't the most desired option for getting rid of property, but they have become a reality for many people. These types of sales occur when the owner of the property is trying to sell the property for less than what he or she owes on it. The mortgage company has to approve the … Continue reading Short Sales: How Do They Work in Pensacola?
If you're selling inherited property in the Pensacola, FL area, you don't have to go through a real estate agent. There are many homes for sale by owner, and yours can be one of them. In fact, you can often sell quickly, and even for cash, by offering your property for sale on your own. … Continue reading Selling Inherited Property in Pensacola