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Home Buying in Larkspur : Real Estate Advice

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  • Local Info11
  • Home Buying6
  • Home Selling0
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Activity 5
Thu Mar 12, 2015
Karen Peyton answered:
Not understanding how auctions work is a good way to become separated from your money. You would do well to align yourself with an agent knowledgeable about this facet of real estate, or minimally a title company. What "seems" a good deal, may not be, upon careful examination.

Best of luck!
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Wed Apr 30, 2014
Randall Ortiz answered:
You can contact me 916-529-3707. I can guide you in the right direction.
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Thu Mar 25, 2010
Anne Mosnier Kennedy answered:
Dear Paula,
There are many types of tax benefits depending on the property type, how is it used, how it is held (ownership type), how long it is held, if it is eventually sold for another investment property, other lossess you might have from other investments, etc., etc. Your tax advisor will be able to give specifics to your personal situation, but some of my favorite tax benefits are:
- indefinite postponement of capital gains taxes, even when you sell and buy another investment property
- writing off depreciation expense against your income (i.e., a non-cash loss against a cash gain)
- using IRA funds to purchase real estate so that your capital gains are forever tax-free
Note: all of these require carefully following IRS rules!
If you need a really good CPA who knows a ton about real estate, I have a great one in San Rafael who I can refer: Larry Smith, Smith CPAs, 415-458-5100,smith@smithcpas.com
Good luck, Paula - it's never to early or too late to start investing in real estate!
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Mon Apr 23, 2007
Eduardo Gutekunst answered:
That seems like an easy one. Your accountant and mortgage broker will be able to answer that question for you. But I can say that because of the historical rise in prices over the last forty years in Marin County, that you might have greater flexibility in terms than in most parts of the country. But remember, even if you can afford it, you have to be comfortable with the mortgage, you have to be able to sleep at night. ... more
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Mon Apr 23, 2007
Eduardo Gutekunst answered:
Even with prices falling in other parts of the country, prices in Larkspur and Marin County are edging up. As for offering an amount, a good look at comparables of recent SOLDS and ACTIVES will tell you if the home is priced aggressively. A call to the listing agent will also tell you if any other offers are coming in. Finally, the number of Days on Market will tell you if the seller might be willing to accept a lower price. As for type of home, the market in condos is a little soft and more likely to work with a lower offer. ... more
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