Beware the Tax Consequences of Selling Your House

If you own a home, it’s probably your most valuable financial asset, so if you decide to sell, you’ll want to walk away with as much money as you can. However, when you make a profit by selling assets like real estate, the government gets a piece of the action through taxes. So, the question … Read more

Why Do Real Estate Contracts Fall Apart?

Whether you’re buying or selling a house, once you’ve signed on the dotted line, you’ve agreed to the terms of a contract. So, why do people back out and how can you prevent your real estate transaction from falling apart? First, there are two types of backing out: those explicitly allowed within the contract (known … Read more

The “R” Word

As someone who makes a living based on what’s happening in the housing market, I tend to pay a lot of attention when I hear the r-word being thrown around, r as in recession. According to Investopedia, a recession is a “significant, widespread, and prolonged downturn in economic activity.” Economists often define a recession as … Read more

Here’s Why Your House Isn’t Selling

There are really only two factors that influence the speed with which your house sells: price and exposure. If your house isn’t selling, one of these things needs improvement. Market Research To help you figure out what your house is worth, your Realtor will generally do a little research to find out what comparable houses … Read more

Road Maintenance Agreements

If it were up to me, all homeowners would be responsible for maintaining the section of road directly in front of their property out to the middle of the street. To make sure everyone maintained their portion of the road, a local committee of elected members would have the authority to keep the road in … Read more

How to Avoid Getting Dropped as a Real Estate Client

In my office, we have a list of individuals and organizations we won’t do business with—most are vendors, others are past clients who behaved so poorly we won’t work with them again. The reasons vendors get put on the list can include things like doing substandard work, having no liability insurance or workers’ comp insurance, … Read more

Foreclosures – A Last Resort for All Parties: Part III

Last week I reviewed non-judicial foreclosures, but since this is a complicated subject, there’s more to be said. To bring you up to speed, here’s what happened so far: you determined your borrower will no longer pay on the loan, so you began foreclosure proceedings by contacting a foreclosure service company. They did their part … Read more

How Do You Own Your Property? Holding Title – Part III

As I’ve mentioned before, to own real estate you must hold title, and the way you hold title affects how the ownership of a property can be transferred and how the property can be financed, improved or used as collateral or taxed. This week I’ll talk about joint tenancy, community property, community property with the … Read more

Making Ukiah Safer in 2014

As some of you may have read in the paper earlier this week, my company is sponsoring a contest to make Ukiah a safer place in which to live and work. Is this self-serving? Sure. The publicity is nice for Realty World Selzer Realty. However, my motivation goes beyond publicity. I’ve lived in Ukiah my … Read more