Purchasing Land through Escheatment: A Unique Opportunity Escheatment stands as a distinctive avenue through which individuals can acquire property, facilitated by the county's acquisition of parcels due to unpaid property taxes over an extended period—typically three years or more. Governed by the guidelines outlined in 197.502 of the Florida Statutes, the Tax Collector initiates this process, Continue Reading
TuesdayTriva Answer: What is a WDO Inspection?
A (WDO) Inspection is the acronym for Wood Destroying Organism Inspection Report. The WDO report is a written report conducted by a licensed pest control company. This is an inspection real property to identify is there are any visible evidence of an infestation or damage of wood by any wood destroying organisms. Wood destroying Organisms (WDO) usually Continue Reading
Real Estate Investing: 1031 Exchange
Tiffany's Tip on Real Estate Investing: Investing through the 1031 Exchange When you purchase real property and it is sold- you incur a financial gain. This gain or profit is taxable during the calendar year of the sale. To defer the taxes due on this gain, the IRS offers a break under IRS Code-seection 1031. IRS Section 1031 provides an exception and allows you to postpone paying Continue Reading
Tiffany’s Tip: 1031 Exchange Simple Rules to Follow
1031 exchange rules to follow If you decide to do a 1031 exchange, once the money from the sale of your first property comes through, it will be with an escrow agent—an independent account monitored by a third party. The money will be available once a new property is identified. After the sale of the property you want to use for the 1031 Exchange, the clock starts once you have Continue Reading
Tiffany’s Tips: Home and Garden: Is this the right time to sell?
Is this the Right time to Sell? ABSOLUTELY.... TALLAHASSEE, FL -- Home owners are you looking to make a change? Wondering if now is the right time to sell? Tiffany Hamilton, Broker and Realtor of Ekk and Hamilton Realty explains why now is perfect time. Tiffany says there are three questions you should ask yourself. 1).How much Equity do I have in my home? Home owners should pull a Continue Reading
Tiffany’s Tips: Homestead Exemption Deadline
Did you just buy a new home? Will you be occupying your new residence? If your answer is YES to the questions above here are few tips to help you file your Homestead Exemption on time. For more information visit Leon County Property Appraisers www.LeonPa.org or Click Here Contact a Hamilton Realty Advisor today with any additional questions! Continue Reading
