A 1031 exchange, also known as a Starker exchange, is a tax-deferred swap of one investment property for another. The process is named after Section 1031 of the Internal Revenue Code, which governs it. A 1031 exchange can help you defer capital gains taxes on the sale of real estate. This guide explains. What is […]
If you’re thinking about buying a home in Sterling Heights or elsewhere in Macomb County, you may not have considered purchasing a duplex – but doing so could be a good investment. This guide explains the benefits of buying a duplex (not the least of which is generating passive income). Should You Buy a Duplex […]
Mortgage points are a way to reduce the interest rate on your mortgage, but they’re not the right choice for everyone. This guide explains everything you need to know about mortgage points so you can make the right choice when financing your home. What Are Mortgage Points, and How Do They Work? When you take […]
When you’re buying a home, the mortgage you choose is a very important decision. There are five main types of mortgages, and each one has its own benefits and drawbacks. This guide will help you decide which type of mortgage is right for you. Which of These Five Main Mortgage Types is Right for You? […]
A USDA loan is a type of mortgage that is insured by the United States Department of Agriculture. The purpose of the USDA loan program is to help rural homeowners buy homes with no money down. However, these loans can be a little confusing – particularly if you’ve never purchased a home in Macomb County […]
When you offer to buy a home, you usually put down an earnest money deposit. This guide explains what happens to that money if the transaction falls through. Can You Keep Your Earnest Money Deposit if a Real Estate Transaction Falls Through? Sometimes, if a real estate transaction falls through, the buyer forfeits their earnest […]
When you sell a home in Macomb County, you may have to pay capital gains tax on the profits. But when do you have to pay it? This guide explains everything you need to know about capital gains tax on real estate. What is Capital Gains Tax? Capital gains tax is a tax on the […]
If you’re selling your home and your kitchen is on the small side, don’t worry – you can use these tips to help stage it effectively. By following these simple steps, you can make your kitchen look bigger and more inviting to potential buyers, which may help you sell faster and at a higher profit. […]
When it comes to selling your home, there are a lot of things you need to get right in order to maximize your profits and minimize your hassle. Unfortunately, many first-time sellers make mistakes that can cost them dearly. Here are five of the most common. 5 Rookie Mistakes First-Time Sellers Make Check out these […]
If you’re looking to sell your home, staging it can be a great way to make it more appealing to potential buyers. However, if you’re on a tight budget, don’t worry – there are plenty of ways to stage your home without spending a lot of money. Here are seven budget-friendly staging tips that will […]
