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What You Should Know
About A Buyer's Market
More
home buyers have a better chance now
than at any other time in nearly a half
decade to negotiate a home-buying deal
that costs less and comes with some
concessions thrown in.
In many locations, buyers will
find a glut of new homes, more motivated
sellers, foreclosures, auctions, short
sales and other market conditions that
can make it a really good time to buy.
That doesn't mean throw caution to
the wind.
Here's how to begin to navigate
today's housing market, step-by-step,
and make a good deal without getting
taken.
Begin with making a personal
"right-time-to-buy" decision. If you
stretch financially beyond your means to
go after lower-priced homes,
foreclosures or short sales, you could
be setting yourself up for failure.
Today's housing market is littered with
home owners who borrowed more than they
could afford.
On the other hand, if you wait for
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Investor Report: Section 1031
AHere's
some great news for the thousands of
real estate investors and brokers who
use "Section 1031" (ten thirty-one)
tax-deferred real exchanges every year:
Congress has backed off its latest plan
to narrow the definition of "like kind"
for real estate swaps.
That's important because under
current tax law, real estate investors
have broad flexibility in choosing
properties and structuring exchanges.
For example, they can exchange a rental
house for farmland, an apartment
building for a commercial shopping
strip. They can even exchange office
buildings for mineral rights.
Given the tight statutory
timetables to choose qualified
properties for exchanges, that
flexibility can be crucial.
Other types of investment assets,
by contrast, get much stricter treatment
under the tax code -- and that
difference in treatment opens the door
to periodic attempts by green-eyeshade
tax reformers on Capitol Hill to raise
federal revenues by cutting down the
number of eligible real estate
exchanges.
If you could only swap a rental
condo for another rental condo,
cornfields for cornfields or commercial
buildings for commercial buildings,
there'd be a lot fewer exchanges every
year -- and probably a lot more IRS
audits of taxpayers to make sure the
properties
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Sell Your Home
for FREE
Sell Your Home on the Multiple
Listing Service (FMLS) and
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Buyers Receive up to 1.5% of the
Sale Price of the Home You Buy
Cash-Back at Closing.
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New Monthly
Feature: Forsyth County, North Fulton and West
Gwinnett Real Estate Report
If
you would like to receive and in-depth analysis
of the Forsyth County, North Fulton and West
Gwinnett real estate market, including an
analysis by price range (the numbers vary
significantly based on price range) call our
pre-recorded toll free order hotline at
877-411-9264 ID # 1625 or you can order it only
line at www.ATLMLSdata.com.
Daily News and Advice
Read about the events
shaping the Real Estate market today,
find current interest rates, or browse
the extensive library of advice and
how-to articles written by some of the
top experts in Real Estate. Updated each
weekday.
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More Articles
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When
most sellers list their home for
sale the first thing they think
about is how much will I get and
that is usually followed by how
soon will I get the money. It's
certainly understandable that
those two concerns are, most
often, top of mind. After all,
you're likely selling your home
to buy another one or invest the
money in something else. 
