I am often asked by current or prospective clients about (IRC Section) 1031 exchanges, especially by property owners who are considering a sale of an existing commercial property. Following last month’s article in the Quad Cities Business News, I received this email from Edward and Barbara G. of Santa Barbara, California, which basically asked this question, “Mr. Sherman, we recently traveled to Prescott and read with much interest your article on Due Diligence. As we are very close to selling … [Read more...] about Exploring Real Estate’s 1031 Exchange
real estate
Flowers that Help Sell Your Home
Of all the ways to boost your home's curb appeal when you put it on the market, what could be quicker or less expensive than installing some colorful garden flowers? Watters Garden Center conducted a survey to discover which flowers are most appealing to house hunters. In addition to trimming your trees and shrubs and freshening up your mulch, consider adding value to your home by adding one or more of these flowers to your perennial beds or front porch containers that add fragrance and wow … [Read more...] about Flowers that Help Sell Your Home
Becoming a Real Estate Agent
Have you ever wondered if you could be a real estate agent? If you are looking for a new career, a real estate agent may be a viable option for you. Although there are no guarantees that you will succeed as a realtor and passing the test can be difficult and require dedication to learn the material, the overall process itself can be relatively quick. You could start a new career in just a matter of weeks. When armed with a positive attitude, dedicated work ethic and a solid business plan, … [Read more...] about Becoming a Real Estate Agent
Understanding the Impacts of Tax Reform Legislation
In early November, the House GOP leaders took their biggest step yet in their attempt to overhaul the U.S. tax code by releasing legislation that proposes sweeping changes to the current system. The proposal unveiled a new top tax rate, new tax brackets, a lower corporate rate and a compromise on the state and local tax deduction. The implications of tax changes are widespread. The question that most households are asking is: “How is it going to affect me?” One of the changes in the spotlight … [Read more...] about Understanding the Impacts of Tax Reform Legislation
1031 Exchanges
A 1031 Exchange is a powerful tax-deferment strategy used by some of the most financially successful investors to defer taxes when selling investment/commercial property. This effective strategy is also known as a “Starker Exchange,” named for the first tax case that allowed the exchange, or a “Like Kind Exchange,” referring to the type of change that occurs. This tax-efficient way of preserving capital that is invested in real estate is appropriately named a 1031 Exchange, after Section 1031 of … [Read more...] about 1031 Exchanges
At Home with Tom and Sandy
Welcome to “At Home with Tom and Sandy!” This month, we have a hot topic. As Tom and I always say, we are here to give you the inside scoop on real estate, the construction industry; what’s up, what’s down; what’s hot, and what’s not. We’ll share real estate stats, home prices, building permit numbers, construction pointers and give you hints on renovations that will give you a return on your investment. There is plenty going on in the housing and construction industry and we want to share … [Read more...] about At Home with Tom and Sandy
Welcome to “At Home With Tom and Sandy”
We are here to give you the inside scoop on real estate, the construction industry – what’s up, what’s down, what’s hot, and what’s not. We’ll share real estate stats, home prices, building permit numbers, construction pointers and give you hints on renovations that will give you a return on your investment. There is plenty going on in the housing and construction industry and we want to share some fantastic, cool, groovy and helpful information with you. We are going to use our insight and … [Read more...] about Welcome to “At Home With Tom and Sandy”
Nature Girl Pursuing American Dream for Home Builders, Sellers, Buyers
Flagstaff native Lori Anna Harrison’s life could fill a whole season of “Lifestyles of the Rich and Famous.” She has lived all over the world in places like the Netherlands, Thailand, Costa Rica and even on luxury yachts (she was part of filmmaker Steven Spielberg’s crew that sailed across the Atlantic Ocean). She knows a thing or two about what it means to live well and understands the power of beautiful surroundings. She speaks the language of luxury. Harrison’s view of the American dream … [Read more...] about Nature Girl Pursuing American Dream for Home Builders, Sellers, Buyers
Nature Girl Pursuing American Dream for Home Builders, Sellers, Buyers
Northern Arizona native Lori Anna Harrison’s life could fill a whole season of “Lifestyles of the Rich and Famous.” She has lived all over the world, in places like the Netherlands, Thailand, Costa Rica and even on luxury yachts (she was part of filmmaker Steven Spielberg’s crew that sailed across the Atlantic Ocean). She knows a thing or two about what it means to live well and understands the power of beautiful surroundings. She speaks the language of luxury. Harrison’s view of the American … [Read more...] about Nature Girl Pursuing American Dream for Home Builders, Sellers, Buyers
Pricing Your Home
Welcome to “At Home With Heidi & Sandy.” We are going to give you some marketing and housing stats this month and some tips for pricing your home to sell. Settle in, enjoy and be happy the housing market is good. Sandy: Heidi, with winter and the holidays approaching, buyers are typically not looking to move this time of the year, are they? Heidi: In some parts of the county, realtors do see a decrease in activity when temperatures drop … [Read more...] about Pricing Your Home