Home Buying in Larchmont : Real Estate Advice

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rcolan1965, Home Buyer in Jersey City, NJ
rcolan1965 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?
How much capital gain I have to pay if I sell my second apartment in NYC?
The apartment has been rent for the last 3 years
0 votes Share Flag Fri Dec 4, 2015 Home Buying in 10538
Tony Grech, Real Estate Pro in Southfield, MI
Tony Grech answered:
How much time do I have after selling my primary residence house to buy another without capital gains consequences?
I'm no CPA, but I don't believe buying another home has anything to do with capital gains ramifications on selling your current one. What you are probably thinking about is a 1031 excha ... more
0 votes Share Flag Fri Jun 19, 2015 Home Buying in 10538
Andrew Feige…, Real Estate Pro in Armonk, NY
Andrew Feigenbaum answered:
We are considering a move from the midwest to the New York area. I'm potentially taking a job on Wall Street. We're overwhelmed with the
Definitely look at the taxes and the square footage of the houses. You should also come visit and walk around the different areas you're looking in.
It can be very overwhelming to do t ... more
0 votes Share Flag Thu Dec 4, 2014 Home Buying in Larchmont
Andrew Feige…, Real Estate Pro in Armonk, NY
Andrew Feigenbaum answered:
Bonjour, We are a french family (3 kids, so we are looking for a 4 bedromm house) living in Japan and who
Hi,
There are a few different options for your criteria.

If you are interested, I'd be happy to go over them with you and help with your search. Please call me at 914-273-9688.

... more
0 votes Share Flag Thu Dec 4, 2014 Home Buying in Larchmont
Christopher…, Real Estate Pro in Tarrytown, NY
Christopher Pagli answered:
I'm selling my home in ny, do I have to pay capital gains tax if I don't purchase a home right away?
Hi, This is called a 1031 exchange and you typically have to locate your new property within 45 days. I would speak to your accountant as they will give you the proper guidance. have ... more
1 vote Share Flag Sun Sep 21, 2014 Home Buying in 10538
Donald Mituz…, Real Estate Pro in Kaatonah, NY
Donald Mituzas answered:
If I sold our home for 750K (only owing 100K) and bought a house for 350K could I take the rest and buy a house for my child and not pay cap gains??
What you owe and what you do with the money after you sell will not affect cap gains. Take your sale price and subtract your cost of the house plus any capital improvements to get your ... more
1 vote Share Flag Thu Aug 7, 2014 Home Buying in 10538
Demi Rasul, Real Estate Pro in New York, NY
Demi Rasul 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 M Brocco, Real Estate Pro in Williston Park, NY
Anna M 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 Tarrytown, NY
Christopher Pagli 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 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!
1 vote Share Flag Tue Jun 4, 2013 Home Buying in 10538
Carla Pennin…, Real Estate Pro in Georgetown, TX
Carla Pennington 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 Yonkers, NY
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
1 vote Share Flag Sat Apr 6, 2013 Home Buying in 10538
Maria Mantis,…, Real Estate Pro in Rye, 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 Rye, 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
1 vote 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
1 vote Share Flag Tue Jun 19, 2012 Home Buying in Larchmont
Lewis Fechter, Real Estate Pro in Scarsdale, 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
Mindy Gerste…, Real Estate Pro in Scarsdale, NY
Mindy Gerstein answered:
Is 16 and 35 N. Chatworth ave condo building a convenient location in terms of school, commute, shopping, and medical facility access? Thank you
This is a very convenient location in terms of all you mention including my office at 140 Chatsworth Avenue just steps away.
Please let me know if I can be of any help to you.
Mindy
0 votes Share Flag Sun Jun 10, 2012 Home Buying in Larchmont
Doug Leone, Real Estate Pro in Scarsdale, NY
Doug Leone answered:
How much lower than asking should we make our first offer for a home in Larchmont, NY?
This is a very open ended question. You need a professional Realtor who has your best interest in mind not an agent who is only looking for a commission at the end of the sale. If simil ... more
0 votes Share Flag Thu Sep 11, 2008 Home Buying in Larchmont
Pascual Paul…, Real Estate Pro in Bronx, NY
Pascual Paul Tarrats answered:
Better to wait and buy a foreclosure or bank owned property in Larchmont area, or are they always junk?
It' like picking fruit. Some good, some not so good. Get a good agent to help. I am out of White Plains #914 882-1503 or go to web site: Paulmvpteam.com
0 votes Share Flag Mon Jul 7, 2008 Home Buying in Larchmont
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