The biggest thing affecting my clients over the last year or so is that real estate is simply not selling the way it used to.
I can’t even count the number of times that a sale is all wrapped up after months of waiting, and at the last minute it falls out of escrow.
Most times it is due to the financing of the buyer not coming through as planned. In today’s market even “preapprovals” don’t seem to hold a lot of weight.
So although the buyer may lose a deposit, the sale doesn’t happen and the property goes back on the market. It may sit there for any number of months and sometimes the seller is forced to rent it out again just to keep afloat.
If your property is just sitting there with no bites, or you need to sell it sooner rather than later, you might consider putting it up for sale through auction.
I recently devoted a weekly radio show to this topic, and if the idea appeals to you take a listen.
An archive of all of the episodes of “Simply Wealth” is now available on the following website.
http://www.savegains.com
Go to the link above and click on the “Listen to My Radio Show- Simply Wealth” link located in the right hand selection menu.
Alternately, listen to the most current show at www.webtalkradio.net and even download it as a podcast.
Paula Straub
www.savegainstax.com
savegainstax@gmail.com
760-917-0858
Fill out a Qualification Questionnaire and see if you qualify to save capital gains tax. Go to
http://www.savegainstax.com/qq.html
Find the “Definitive Beginner’s Guide to Potentially Saving Hundreds of Thousands of Dollars in Capital Gains Tax” at
http://www.savegainstax.com/sales.php
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