Homeownership is a cycle – think of it almost like a circle. All around the circle are items such as an apartment building, finances, things that are simply helping you work towards that goal of homeownership. Then, the middle of the circle is a larger home – the goal if you will. You may want […]
Have you inherited a property? There’s an incredible benefit to people who have inherited property, known as “stepped-up basis”. Not only do they receive the property itself, but the basis or cost value of the property becomes the fair market value at the time of the decedent’s death. What does this mean? It avoids the […]
As we approach the inevitable end of our lives, we all begin to get things “in order.” You may set up a will, you may want to transfer title to your home to your living relatives before you pass but this could cause an unnecessary expense for your heir. Usually, when we pass property through […]
Baby boomers are getting older. They are retiring and staying home more and more. Television ads with your old favs Tom Selleck, Henry Winkler and Robert Wagner come and trying to convince you to consider a reverse mortgage. This is where you basically sell your home to the bank and they let you live there […]
