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Harold Avent, CDPE, CRS, e-PRO REALTOR® (DRE License Number 00659785)
REMAX Execs
23740 Hawthorne Blvd, 2nd Floor
Torrance,  CA  90505
310.493.0711
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Retirement requires smart tax move
DEAR BENNY: My aunt is 76 years old and lives in her home. She also owns a detached rental property nearby. Her primary residence has been the same property for more than 10 years. She would like to move into a retirement community this year, but to afford this new lifestyle she would have to sell one of her properties soon. Would it be more cost-effective from a tax perspective to sell her primary residence or her rental property? Are there any tax benefits to selling rental property vs. one's primary residence?
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Beware of 'wraparound' mortgage
DEAR BENNY: I have a full-price offer on my duplex that involves a wraparound mortgage. I am a little leery of a small down payment with high-interest payments for a few years with a balloon at the buyer's refinance later. I'm told they are quite legal, but I really need to know the pros and cons. Can you enlighten me please? --Bobbie
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Harold Avent, CDPE, CRS, e-PRO
REALTOR®
REMAX Execs
23740 Hawthorne Blvd, 2nd Floor
Torrance,  CA  90505
310.493.0711
Contact Me
Visit My Web Site
Equal Housing Opportunity   
  
Final walkthrough a buyer's best friend
Imagine this. You move into your new home for the first time after closing and, although you transferred the utilities into your name, the lights don't turn on. There isn't a single light bulb left in the house, the yard is overgrown, and the leaky faucets the sellers were to have fixed still leak. ...more
 
Five ways to cut heating costs
If you're thinking it's time to do something about your cold house and your high heating bills, here are five win-win suggestions that will help you do both. 1. REPLACE YOUR FURNACE FILTER A clogged filter makes your furnace work harder to deliver the same amount of heat, which wastes energy by keeping the furnace on for a longer period in order to bring the house up to the requested temperature. ...more
 
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