Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
The Housing and Economic Recovery Act of 2008 changed the tax rules around the sale of primary residences in a way that has not been widely discussed. Homeowners may no longer be able to claim a full $250,000 (or $500,000 for married filing jointly) capital gains exclusion for a primary residence despite living there for 2 of the past 5 years. The new rules, which went into effect at the beginning of 2009, still use
I’m very excited to announce that Kyle Bergquist has joined the Greater Hartford Real Estate Blog and my residential real estate practice on a full-time basis. As many of you know, Kyle is my husband and has been a regular contributor for quite some time. His bio has been available on the site for a while so I’m not going to rehash the gory details. I will say that he is a smart, creative and
Upon returning from vacation, Amy and I discovered that we had a letter from the Board of our Condo Association. I assumed it must be the materials for the annual meeting, but inside was a far greater treasure – an invitation to a Special Meeting of the Board called through homeowner petition! The last meeting I attended resulted in a two-part blog extravaganza (part 1, part 2), so the conflict implicit in the Special Meeting
I was just messing around with some data in the Multiple Listing Service. If you’re a real estate investor, toying with the idea of becoming a real estate investor, or a home buyer that would consider purchasing and living in a multi-family- you should take a very strong look at Hartford right now. Year-to-date, multi-family homes sales are down 24% in Hartford, compared to the same timeframe in 2007. The median price for multi-families in
Short sales are becoming more common these days, whether we like it or not. A short sale occurs when the sale of a property will not generate enough proceeds to cover what the seller owes their mortgage lender(s). Offers on short sale properties must be approved by the seller’s lender before they can be officially accepted. And when a short sale property is listed in the Multiple Listing Service, the agent must call out language