Highland Title, Blog Images, Feb 2023 (1) A 1031 Exchange, also referred to as a Starker Exchange or a Like-Kind Exchange, is a way, pursuant to 26 U.S. Code Section 1031, for an investor to sell an investment property and purchase another investment property while deferring the capital gains taxes. … [Read more...] about 1031 Exchanges
What to Expect when Buying a Condo
How is purchasing a condominium different from purchasing a townhome or a single family home? When you purchase a townhome or single family home you are buying the land along with the improvements on the land. When you buy a condo, you are just buying the four walls and everything inside of the … [Read more...] about What to Expect when Buying a Condo
A Smooth Search and Settlement from Start to Finish
In June of 2021, Adrienne and her husband, Matt, decided to relocate to Maryland from Chicago to be closer to family. As first-time homebuyers, they turned to Jeff Ganz, a CENTURY 21 Redwood Realty agent who has 21 years of experience in the real estate industry and serves buyers and sellers in … [Read more...] about A Smooth Search and Settlement from Start to Finish
Taking Tenancy
This past week my husband and I sat down to purchase property in New York. As we prepared to sign the deed at settlement, our settlement attorney informed us that our deed reflected we were taking tenancy as “joint tenants with common law rights of survivorship.” We informed her that as a married … [Read more...] about Taking Tenancy