So far 2012 has shown several positive signs that the real estate market is finally on the upswing. Increased activity in our local market Modest price gains Open houses are attracting crowds, and more listings are slowly coming on the market. More buyers are being pre-approved Multiple offer situations are still common Consumer confidence will likely keep […]
Gift or Inherit – 6/11/2012 Transferring the title of a home from one person to another may seem simple but it could have a significant tax implication. When a person inherits property, the basis is “stepped-up” to fair market value at the time of the decedent’s death. On the other hand, a gift has a carry-over basis […]