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Market Madness
Looking to buy a house? Get ready to fork over extra dough, or wait
For potential home buyers in central Wisconsin, the last few years haven't been easy. And 2019 isn't looking to be much different. It's still clearly a sellers market, around Wausau and beyond.
Regarding Section 1031 of the Tax Code, the tax reform laws enacted in the beginning of 2018 kept the use of 1031 Exchanges for tax deferral when commercial and investment real estate properties are sold but eliminated the use of 1031 Exchanges to obtain tax deferral when personal property is sold.
Determining how to take title to your property is a major decision. Sole Ownership, Tenancy by the Entirety, Corporation, Trust, Community Property, Tenancy in Common, Life Estate, or Joint Tenancy with Right of Survivorship are different ways to hold title.
Runkel Abstract & Title Company is a proud sponsor of Homes for Heroes. Firefighters, law enforcement, military, healthcare workers, EMS and teachers save when they buy, sell or refinance a home.
A real estate contract may require the buyer to provide an earnest money deposit to show the seller their sincerity in purchasing a property.
The Department of Safety and Professional Services (DSPS) has issued updated guidelines regarding the Weatherization Program that is set to expire effective January 1, 2018. DSPS is already phasing out the procedures for processing Stipulations, Waivers, and Certficates of Compliance. DSPS will discontinue the Rental Weatherization database on November 11, 2017.