The ability for the self-employed to secure financing has always been a challenge. There are primarily two reasons for this. Self-employed buyers typically are very conservative when reporting their profit and income when filing their tax returns. Some self-employed buyers are involved in multiple entities which require the filing of multiple tax returns; which are difficult for lenders to fairly … Continue reading...
ADD REAL ESTATE TO YOUR IRA RETIREMENT ACCOUNT
Many people would like to diversify a portion their investments into real estate; but think they can’t because the bulk of their assets are in their individual retirement account (IRA). Actually, direct real estate investments can be made via a self-directed IRA that focuses on real estate investments. With a Self-Directed Real Estate IRA you can invest in all kinds of real estate and … Continue reading...
2018 REAL ESTATE STATISTICS – PRICES UP AND SALES DOWN
The year-end statistics for La Plata County were released recently and the lack of affordable homes for sale has pushed the number of sales down and raised prices in most areas and price segments. The median price for La Plata County increased by 5.7% from $369,000 to $390,000, with sales decreasing from 1163 to 1127, a 3.1% drop. Most of the new construction is in the higher price ranges, as … Continue reading...
LIVING IN DURANGO – NOT FOR EVERYBODY ……But it is for most of us
Like everything else in life, good things come with challenges. Moving to Durango is no different; it’s a great place to live but there are issues that have to be considered. For most people, the benefits outweigh any downside by a considerable margin. However, for some considering relocation, the challenges are too great. Based on my extensive interaction with buyers, here are the major thinks … Continue reading...
BUYING A HOME WITHOUT REPRESENTATION IS A BIG MISTAKE
During my many years as an exclusive buyers’ agent, I occasionally talk with a prospective buyer who believes that it is in their interest to deal directly with the owner of a property or the seller’s agent rather than have a buyer’s agent represent them. This perspective is puzzling and doesn’t make any sense to me. In my experience, I’ve found that most sellers attempting to sell their home … Continue reading...
