Real estate tips from Kathy Bertani of RE/MAX. Information is provided by "It's Time to Move Up", the real estate resource for consumers who want their questions answers in ways they can understand.

No, unless a disregarded entity is involved. IRC § 1031 provides that no gain or loss will be recognized on the exchange of property held for productive use in a trade or business or for investment if the property is exchanged solely for property of a like kind which is to be held either for productive use in a trade or business or for investment (a so called "qualified use").

No, not in a Residential District on a recurring basis or any other District without a special exception permit.

You must be the owner of the property at the time the credit is applied. The credit does not transfer to another property.

Yes. In some cases, you may require only a specific amount of cash to make a purchase, handle an emergency, pay off a loan, etc. If you had 200 payments remaining, you could, for example, sell just the next 60 payments for the amount needed. After five years, the payments would revert back to you.

Many people don't realise that if they own property (i.e. land/buildings jointly with someone else as "joint tenants" (e.g. most married couples own jointly owned property as joint tenants) then their "share" of that property automatically passes to the other person upon death and does not form part of his or her estate. There is therefore no need to make any mention of that "share" of a property in a Will nor any purpose in doing so.

Prior to any investment we recommend a conference with our principals, Mr. Fell and Mr. Hearn. Please see our Services for more details about this no-obligation learning experience.

The trust documents must be reviewed and approved. A living or revocable trust will usually be accepted. However, an irrevocable trust may not be acceptable. The key is to have the trust documents reviewed at the outset.

The City determines the selling price of the property. The price will be calculated to ensure it is affordable to the subsequent buyer. The applicant’s return on equity will be limited.

If you sell your property without a Buyer's broker, NO COMMISSION IS DUE! You would have invested only $199 (Flash Listing Package).

Yes. We encourage annuitants to not sell any more of their payments than is necessary. We can buy specific lump sum payments or a portion of each payment. We can even buy a portion of the monthly payments. This will allow the annuitant to retain part of his cash flow without discounting all the proceeds. If a certain amount of money is desired to satisfy an obligation, then a partial sale can be styled to meet that specific need.

Answer) You may sell your interest subject to the terms of your agreement. You may list your interest in the property with a realtor of your choice or other owners in your property (who have right of first offer) may buy it from you. SUN 1031 and other Sun entities are not in a position to repurchase your ownership.

The University's Property Insurance coverage responds to the loss of all owned or non-owned property in the care, custody or control of Princeton University. A deductible of $1,000 may be charged back to departments depending upon the nature of the loss. Insurance reimbursement for losses of owned property is made on a repair/replacement basis.

There are two issues here: who has the legal right to dispose of the car and the ownership transfer requirements of the Motor Vehicle Act . ICBC agents will explain the transfer requirements and advise whom they can deal with on behalf of the deceased owner.

The property that each spouse owned before the marriage, as well as any property given to or inherited by one spouse during the marriage (unless it has been co-mingled or gifted to the other spouse) usually remains that spouse's separate property. If non-marital property is not kept separate from marital property, it may lose its non-marital characterization and become subject to division.

Certain trusts can qualify for homestead. A Certificate of Trust must be completed and approved by the County Assessor, or the Trust must be provided for the Assessor 's review. Call Anoka County Assessment Services for further information at 763-323-5475.

Yes if a legal transfer is desired. In some cases a perpetual easement can be granted so that the land will revert to the original agency if the parcel ceases to be used for the purpose granted in the easement.

A 21. Related party transactions are being scrutinized by IRS under SEC. 1031 (P), TM 9748006 - 08/25/97 IRS is concerned with abuse of basis. Until we receive further information on related party transfers we are advising against them. IRS appears to be determined to audit all exchanges between related parties.

Yes. You sell assets in the same way you currently do. You will, however, add the word "Trustee" after your signature.