Home Buying in Larchmont : Advice

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Diana Hellman, Real Estate Pro in Larchmont, NY
Diana Hellman created a review:
Walking in Larchmont: So many people gravitate to the village and town of Larchmont for good reasons: So many people gravitate to the Village and Town of Larchmont for good reasons. This unique Village and Town embodies the best of NYC living with the beauty of suburbia…
0 votes Share Flag Sun Mar 23, 2014 Home Buying
mkbrizzo, Home Seller in Austin, TX
mkbrizzo answered:
after selling our home, how much time do we have to reinvest our money in new home, before we are liable for capital gains tax?
Here's a tricky one. I am selling my house in Austin which is a 2nd home and stand to make a good profit. I am married to my partner Matt in California, but obviously not recognized i ... more
0 votes Share Flag Wed Feb 26, 2014 Home Buying in 10538
Tamur, Real Estate Pro in Bedford - Stuyvesant,...
Tamur answered:
if I rent a home in larchmont, is the landlord required to install smoke alarms and carbon monoxide detectors?
Yes, it is a state law that all lamdlords have to provide working smoke alarms and carbon monoxide detectors. Now there are dual detectors and landlords are using this option during ins ... more
0 votes Share Flag Thu Sep 19, 2013 Home Buying in Larchmont
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
After selling a rental property, how much time do I have to reinvest my money before I am liable for capital gains tax? Also how much profit would I
You really should be consulting with your CPA, and or tax attorney, especially if you plan on a 1031 exchange...
0 votes Share Flag Tue Aug 27, 2013 Home Buying in 10538
Christopher…, Real Estate Pro in Westchester, NY
Christopher Pagli - ABR, GREEN answered:
How long do you have to reinvest equity from your house to buy a new house?
Hi, you should check with your accountant but if you are doing a 1031 exchange you have 45 days to identify the property for closing, then 45 days to find the replacement, and close wit ... more
0 votes Share Flag Sun Jun 30, 2013 Home Buying in 10538
Carla Pennin…, Real Estate Pro in Georgetown, TX
Carla Pennington, Realtor(R) answered:
I have not lived in the house for TWO years but want to sell. If I reinvest the equity, do I still need to pay capital gains tax?
This is a tax question that needs to be answered by a CPA or attorney rather than a Realtor. Please consult with your local resources!
0 votes Share Flag Tue Jun 4, 2013 Home Buying in 10538
Carla Pennin…, Real Estate Pro in Georgetown, TX
Carla Pennington, Realtor(R) answered:
This summer I will be selling a home, how long do I have before taxes are due.
This is definitely a question beyond the scope of a Realtor. Consult a CPA or tax/real estate attorney in both states!
0 votes Share Flag Tue Jun 4, 2013 Home Buying in 10538
Barbara O'Co…, Real Estate Pro in 10703
Barbara O'Connell answered:
After selling my home, how much time do I have before I buy again or pay Capitol gains tax?
Gene,

Most answers on this site are by real estate professionals or mortgage professionals. Although most of us have some basic knowledge of the tax/real estate laws, it's best that ... more
0 votes Share Flag Sat Apr 6, 2013 Home Buying in 10538
Maria Mantis,…, Real Estate Pro in Mamaroneck, NY
Maria Mantis, R.E. Analyst answered:
on 10 Byron Place - is there a tax abatement construction?
Hi Daniel, It depends on a few factors--If the house was renovated and added on to, then it is
assessed already and will be reassessed to included the improvements. If it is totally ... more
0 votes Share Flag Mon Feb 11, 2013 Home Buying in Larchmont
Maria Mantis,…, Real Estate Pro in Mamaroneck, NY
Maria Mantis, R.E. Analyst answered:
If a powder room is illegal, can the agent include this on the listing sheet? should it be excluded from total sq. ft. Is this ethical?
Hi Tiredbuyer! Where is the powder room located? Is it in the main living area or in the basement? The square footage of a house is measured on the exterior of the home. It is the g ... more
0 votes Share Flag Mon Feb 11, 2013 Home Buying in Larchmont
Eleanor Fein, Real Estate Pro in Larchmont, NY
Eleanor Fein answered:
Parking! Parking is the problem to coop building, isn't it? If we like an apartment without assigned parking, we would have to be a a waiting list...
The parking for Larchmont coops is difficult, but some buildings have shorter waiting lists than others. There are buildings where street parking is not a big problem. There is a coop ... more
0 votes Share Flag Tue Jun 19, 2012 Home Buying in Larchmont
Lewis Fechter, Real Estate Pro in Larchmont, NY
Lewis Fechter answered:
What is the metro-north noise level in the bldgs along Palmer Avenue -- good, bad, acceptable?
It really depends on the location of the unit. Noise travels in line of sight. Many units along Palmer face away from the rail, and the noise is buffered by the portion of the building ... more
0 votes Share Flag Tue Jun 19, 2012 Home Buying in 10538
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