Real Estate advice/help??

iVillage Member
Registered: 08-08-2007
Real Estate advice/help??
32
Mon, 05-19-2008 - 2:40pm

I'm going blank trying to remember who on this board is the real estate guru?


I have some questions about buying/selling right now. I rent, but BE has a few options right now he is considering. He's considering selling and buying while the market is down..versus waiting it out. He has an older and a newer home...considering selling one or the other and needs to know things like property tax laws when selling/buying, tax breaks for being married versus single, depreciation laws...these kinds of things. Is it different sate to sate?


Where can we go for help/advice without paying a consultant?

~Pacific~
~Pacific~

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iVillage Member
Registered: 10-10-2007
Mon, 05-19-2008 - 2:50pm

I wanna say Soccermom real estate/mortgage guru!


April

iVillage Member
Registered: 03-26-2003
Mon, 05-19-2008 - 8:25pm
Hey missy!
 
iVillage Member
Registered: 08-08-2007
Tue, 05-20-2008 - 11:24am

OK...done! Hopefully my email through iVillage works :o)


Thanks girlie!

~Pacific~
~Pacific~
iVillage Member
Registered: 10-30-2004
Tue, 05-20-2008 - 11:46am
How about how to make arson look like an accident? LOL LOL
iVillage Member
Registered: 08-08-2007
Tue, 05-20-2008 - 12:00pm

Hey girl- have you been watching Dexter? That psycho pyro girl who stalks him....LOVE that show!

~Pacific~
~Pacific~
iVillage Member
Registered: 11-22-2006
Tue, 05-20-2008 - 12:11pm
UM. OK I almost wrote this yesterday but today I have less impulse control on the curiosity. When you say BE is looking to figure out what tax breaks there are for single versus married and then also you mentioned that you are just renting....what are you guys considering?:)
If you cant confess what kind of massive relationship steps you guys are taking with your group of anonymous friends online, who can you tell, right??LOL
Sooooooo....fess up. (please)
And yes I know I am in a nosy mood. I apologize!
Lilypie - Personal picture
iVillage Member
Registered: 10-30-2004
Tue, 05-20-2008 - 12:30pm
Where can I find a psycho pyro ?
iVillage Member
Registered: 08-08-2007
Tue, 05-20-2008 - 12:34pm

It's totally OK that you ask!


I know....writing what I wrote could have stirred up some suspicion! The truth of the matter is that BE wants very much to make me happy and to make a life with me. He is aware (and respectful of) my boundaries and needs for a long term relationship and so there are issues we are still working through together.


But... he has talked with me about the future and sees me in it. He is a thinker and he likes to consider all the "what ifs". So, one thing he knows is that my dream would be to buy a house. If we were to stay together long term he would like to buy one with me. That would mean doing some selling of his current property. But with the real estate market right now he is unsure about how taxes and exemptions really work.


It's funny- kind of like putting the cart before the horse. But don't worry! I'm not jumping in yet. I like that he looks at options. He is a very "be prepared" kind of guy which makes me feel good. My ex did not have the ability or capacity to plan for anything further than lunch!


So...ya, we have talked about a long term future. One thing at a time though, one day at a time. We've also discussed moving me and DD into his current place. But it needs some work IMO and BE seems a bit put off by what he thinks are my "expectations and conditions" are far as move in condition. Bottom line- I want DD to be happy and feel safe and love where ever we move. That's why my preference would be to move to a new place....neutral ground...does that make sense?

~Pacific~
~Pacific~
iVillage Member
Registered: 10-30-2004
Tue, 05-20-2008 - 12:38pm

That's why my preference would be to move to a new place....neutral ground...does that make sense?



That makes perfect sense and it would be great for you two to make a fresh start somewhere together.

iVillage Member
Registered: 11-22-2006
Tue, 05-20-2008 - 12:55pm
That's a great update!!
I think it makes sense that you would want to buy together and find a neutral place to start your lives together. The market is weird right now though so his selling might be a timing issue from what I understand. How much work needs to be done on his place and is it big enough? Are you on month to month? I am grateful every day here that we are on month to month because even though there is no for sale sign yet on the property we are renting, it could be any day. And from what I read about our rights, someone could buy the property, choose to live in our apartment and it wouldnt matter what length lease we had, we would have to be out in 30 days! At least this way I can leave before that happens ( if it ever does) and not be saddled waiting for the shoe to drop....it allows me to be proactive.
As I was coming home today from dropping off SYB I saw a guy in a truck outside our row house in front and there was a for sale sign in his truck so maybe when I go out later today it will be official. I wanted to ask him but I had MOnty and to Monty this guy represents the protective dog trifecta - African American, raggedy clothing ( probably because he is working!) and a hoodie. So instead of asking questions, I whisked my big boy into the house:)
Does DD know what you guys are thinking about? We finally told my DS that we were considering moving but I hesitated doing it because I dont want him to get nervous or even to get his hopes up. I just couldnt keep it from him much longer because there are papers everywhere and phone calls from lenders he overhears in the car. I had to just let it all out. I didnt tell him that we might be facing moving because this house is for sale though because it isnt officially yet and I didnt want him to feel the panic we have in the last month. So so far he just knows we are considering it...
Thanks for being so open to my nosiness!!!
ue
Lilypie - Personal picture

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