Toronto Realty Blog

MARCH 24, 2021

And when it comes to a relationship, aren’t there already enough days that require celebration? Anniversaries come in all different forms and have different meanings to different people. TorontoRealtyBlog. I’m not really one for anniversaries. My wife’s birthday. That’s one I try not to forget. How ironic!

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Brokerage Agents As-is Closing 122

HomeLight

JANUARY 9, 2023

DISCLAIMER: Information in this blog post is meant to be used for educational purposes only, not legal or tax advice. If you need help determining the taxes on your home sale, please consult a skilled tax professional. You’ve come to the right place if you’re wondering how to avoid paying taxes when selling a house.

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Investor Sales Bankruptcy Closing 94

HomeLight

JUNE 23, 2023

DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not legal or tax advice. If you need help determining the taxes on your home sale, please consult a skilled tax professional. That’s because there’s a good chance the profit from your home sale is tax-free.

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Sales Closing Closing costs Agents 93

HomeLight

JULY 25, 2022

DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not for professional tax advice. If you need assistance navigating the tax implications of selling a house after owning it for one year, HomeLight always encourages you to reach out to your own advisor. A family emergency.

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Closing costs Equity Short sale Sales 89

HomeLight

OCTOBER 30, 2020

To Uncle Sam, that’s a tax riddle. Here’s why: The IRS distinguishes between routine repairs and capital improvements, and only the latter will help you save on any taxes owed on the sale of your primary residence. Unfortunately, these one-off fixes won’t usually translate to tax savings.

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Renovation As-is Residential Agents 97

Marco Santarelli

FEBRUARY 21, 2022

Investing in real estate has some incredible tax benefits. It is easy to find the lists of these tax benefits of real estate investing , like the ability to deduct nearly every expense associated with the real estate or how to qualify to exclude from your income all or part of any capital gain from the sale of your main home.

Investor 111

Investor Residential Property Management Mortgages 111

HomeLight

JUNE 16, 2023

Disclaimer: Information in this blog post is meant to be used as a helpful guide and for educational purposes only, not legal or tax advice. If you need help with a tax question, please consult a skilled CPA. Rejoice in this: Rarely do homeowners have to pay taxes on the money they make from selling their house.

Sales 96

Sales Principal As-is Closing costs 96

HomeLight

JULY 25, 2022

DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not for professional tax advice. If you need assistance navigating the tax implications of selling a house after owning it for two years, HomeLight always encourages you to reach out to your own advisor. Get Estimate.

Closing costs 93

Closing costs Equity Short sale Agents 93

HomeLight

APRIL 6, 2023

DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not legal or tax advice. If you need assistance navigating the legalities or tax implications of selling a house in California, HomeLight always encourages you to reach out to your own advisor. What's Your California Home Worth?

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Title Title search Agents Sales 89

HomeLight

JUNE 8, 2023

DISCLAIMER: As a friendly reminder, information in this blog post is meant to be used for educational purposes only, and is not to be taken as legal or tax advice. When it comes to taxes, HomeLight always recommends reaching out to your own trusted advisor. Which would you choose? Investing in real estate?

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Purchase and sale agreement Investor Title Pre-approval 97

HomeLight

DECEMBER 23, 2021

Disclaimer: Information in this blog post is meant to be informational and used as a helpful guide only, and not professional tax or legal advice. If you need help determining the taxes on the sale of your second home, HomeLight always encourages you to reach out to a tax advisor regarding your particular situation. .

Sales 109

Sales Purchase and sale agreement As-is Agents 109

Toronto Realty Blog

DECEMBER 13, 2021

Is it weird that the “Top Five” blogs, that I have written, are being chosen by me ? Perhaps next year we’ll come up with a system. But I also like to consider how these blog posts age , and whether or not the content turned out to be relevant, eye-opening, or predictive. TorontoRealtyBlog. Outright lies !

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Agents Industrial MLS As-is 116

HomeLight

MARCH 20, 2023

DISCLAIMER: This article is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. HomeLight always encourages you to reach out to an advisor regarding your own situation regarding capital gains tax and divorce. What is a capital gains tax break?

Sales 92

Sales Principal As-is Agents 92

HomeLight

MARCH 23, 2023

DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not legal advice. Furthermore, if keeping the property puts a strain on your budget, the accrual of deferred maintenance, back taxes, or foreclosure will only cost more later.

Purchase and sale agreement 96

Purchase and sale agreement Equity Sales Agents 96

HomeLight

DECEMBER 1, 2021

When it comes to your career, your employer has the power to mandate where you live. Or you’ve experienced a sudden and extreme change to your financial situation, such as a layoff or death in the family. Whatever the circumstance, you should act early if you’re suddenly struggling to make your monthly mortgage payment.

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Purchase and sale agreement Short sale Loans Mortgages 107

HomeLight

DECEMBER 6, 2021

” Often, if you’ve lived in the house for at least two years and made a profit of less than $250,000 on the house, you won’t have to worry about taxes. .” Here are a few questions and insights you ought to want to know the answer to before recording that home sale on your tax return. What are capital gains?

Sales 90

Sales As-is Closing Mortgages 90

Toronto Realty Blog

APRIL 14, 2021

Over the last week, I’ve been bookmarking several newspaper articles in anticipation of writing a long-overdue blog post for which I would basically need to lock myself in my office with complete silence for a full day. TorontoRealtyBlog. Can we have an honest discussion here? Can we, really? “Toronto,” I said.

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Principal Inspection As-is Marketing 59

HomeLight

FEBRUARY 26, 2021

DISCLAIMER: As a friendly reminder, this blog post is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. HomeLight always encourages you to reach out to a tax professional, real estate attorney, or other advisor regarding your personal situation.

Purchase and sale agreement 82

Purchase and sale agreement Investor Sales Agents 82

Toronto Realty Blog

AUGUST 25, 2021

“You’re not going to throw away $36,000 in after-tax dollars on rent every year.” Maybe this year will help as a “bridge” of sorts, both in terms of her physical residence but also to move on to the next phase of life? TorontoRealtyBlog. I’ve known this client for a long time.

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As-is Finance Principal Development 98

Toronto Realty Blog

APRIL 16, 2021

These usually go over well. I’m going to give you five scenarios and I want you to tell me which is something you would define as a “problem.” ” Cool? – Scenario #1: A property in North Toronto is listed for $1,099,900 and is likely “worth” about $1,400,000 in this hyper market. How much is that offer for?

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Pre-qualification Development As-is Fixed-rate mortgage 65

Marco Santarelli

APRIL 30, 2021

You will see a lot of good reasons for this. Real estate is only available in limited quantities. After all, manufacturing more land is impossible. As a result, real estate is nearly universally thought to be a sound investment. However, it must be acknowledged that conventional views on real estate are changing.

Investor 111

Investor Residential Finance As-is 111

HomeLight

APRIL 29, 2022

DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not legal advice. If you need assistance navigating the legalities of keeping your home in a divorce, HomeLight always encourages you to reach out to your own advisor. Unsure What to Do With the House? One spouse buys out the other party.

Purchase and sale agreement 90

Purchase and sale agreement Equity Sales Agents 90

Toronto Realty Blog

AUGUST 23, 2021

. “David: don’t make this blog political.” ” That’s what I told myself each and every time I wrote parts of the blog in my head over the last seven days. There have been a lot of changes to the mortgage industry over the years, which comes from the government, via the CMHC and/or Bank of Canada.

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Marketing Purchase and sale agreement Mortgages Finance 105

Marco Santarelli

JANUARY 3, 2021

Investing in rental properties can generate passive income, significant tax benefits ( being an income property ), and build equity from price appreciation over the years. Investing in rental properties can generate passive income, significant tax benefits ( being an income property ), and build equity from price appreciation over the years.

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Investor Property Management As-is Equity 105