December 2016

There are 3 blog entries for December 2016.

Helping Parents Downsize Being an adult is not always easy. In fact, it can be downright difficult, especially when you find yourself tasked with doing something that is both emotionally and physically demanding, such as helping aging parents sell the family home where they may have lived for several years or decades.

And this task can be even more difficult in cases where parents have special considerations that narrow their viable housing options. If you have been given the task of helping your parents sell their home and downsize or move into a new home, assisted living, or a nursing home, these tips can help you make the process more streamlined and less stressful for both you and your parents. 

Determine the End Goal Before Beginning 

If your parents have lived in

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Home Inspection Tips Choosing a home can be a very exciting time, but it's also a time to carefully avoid buying a house that has significant problems. Fortunately, that risk can be greatly reduced by working with the right home inspector. It is not just the chosen inspector, though, but what you ask that inspector that matters.

The more knowledge a home buyer has the better, from searching the mls to signing contracts, and the inspector is one of the best people to provide information about the home's systems and any potential concerns before you proceed with the purchase. Here are 10 of the most important questions to ask the home inspector.

1) Is the Electrical System Safe and Current?

Electricity can be very dangerous, and if it is not handled properly it can

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When do you pay Capital Gains on a Home Sale A capital gains tax is applicable whenever someone sells an asset for a profit. The most common instances of capital gains come from the sale of property, stocks, precious metals and bonds. If you are ready to put your home on the market, you should know about the capital gains tax, if it will apply to you, and if so, ideas as to how to reduce the tax burden.

Though briefly explained here, it is always recommend to speak to a tax advisor or specialist regarding your specific financial and tax situation regarding a potential or actual home sale.

The Basics

When selling a personal residence, most homeowners can exclude up to $250,000 of any profits -- or capital gains -- from taxes. If you file your taxes jointly with a spouse, the exclusion

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* This representation is based in whole or part on data supplied by, and to, the Subscribers of Alaska MLS. Alaska MLS does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Alaska MLS is for its own use and may not reflect all real estate activity in the market. Report reflects sales through within 24 hours of the final report date.

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