1031 Exchanges, how do they work?by Steve MeyersSo…what is a 1031 Exchange and does it make sense for me to pursue this mechanism to defer my tax liability when I sell my property? Does my property qualify for a 1031 Exchange? What needs to happen to defer my tax liability into the future?A...

The Seattle City Council has passed several pieces of legislation recently that provides significant new rules and regulations on the rental housing industry.

"Zestimates" have no relation to actual value, here's why.

This is a challenging time for appraisers to accurately pin-point the value of a property because of the escalating prices. The Listing Agent and Selling Agent can, and should, provide information to the appraiser to assist him, or her, with their analysis. Remember however, an appraiser can...

Paragraph W of the NWMLS Forms 21 and 28 titled Information Verification Period allows the Buyer to terminate the transaction within 10 of reaching mutual acceptance if the Buyer discovers “Material Inaccurate” information provided by the Seller or Listing Firm.In this ever competitive real...

In this competitive real estate market with low inventory and buyers willing to remove some of the contingencies in their Offers there are a number of things that the buyer, and their broker, should do to increase their chances of winning. The objective is to present to the seller with an Offer...

I’ve been a little concerned by comments from Buyers and Sellers I’ve chatted with recently regarding their reliance on a new tool called the “Zestimate”. They seem to be putting more value in a number created by an algorithm then they are in their own personal judgment, or the opinion of...

I “Close” on the purchase of my new home next week, Thursday. It’s a much larger home than I previously lived in so I purchased some additional furniture for the third bedroom and living room. I put it on my credit card. I’m so excited. Unfortunately, it’s very likely this Buyer no...

If you’ve been looking for a condominium to purchase, by now you’ve seen something that’s listed for sale called a “Co-Op”. A “Co-Op” or, Cooperative is a form of ownership in real estate. In its’ simplest form, a Cooperative is a non-profit entity that owns, and has title to,...

So…what is a 1031 Exchange and does it make sense for an owner to pursue this mechanism to defer their tax liability when they sell their property? Does their property qualify for a 1031 Exchange? What needs to happen to defer their tax liability into the future?A 1031 Exchange is a method for...