*$3300 in financial concessions
*$6,000 in financial concessions
Single & multi-family cash-flow investment/residential specialist. My areas of expertise lie within the NC state, North Raleigh, Wake Forest, and downtown Raleigh areas. A Delta Ridge, Oak Park, Chadwick and Brier Creek neighborhood expert.Exit Realty Professionals, Exit Realty (919) 441-2837.
If buyer defaults, foreclosure is the seller's remedy. Foreclosure costs some money for an attorney, and takes some time. Fortunately, the probability of this is low.
Nationally, approximately 4 percent of all loans end up in foreclosure. That means 96 percent of all mortgages are paid. What, then, is the probability of foreclosure when the buyer puts down $30,000 on the purchase of a $110,000 property? Extremely low! What if $15,000 down? What if $5,000 down? Obviously, the smaller the down payment is, the greater the risk of foreclosure.
The advantages to the seller(s) include:
Another advantage is that this type of sale spreads the capital gains tax over the 15 years. Taxes are paid only on the portion of the capital gain received in each year. The total payments are broken down and taxes paid as follows:
Unless Congress does otherwise, the current capital gain tax rate of 15% will “sunset” at the end of 2010. The capital gain tax rate on the sale of real estate will revert to 20% on January 1, 2011. Also, beginning in 2013, there will be a 3.8% Medicare tax on certain investment income, including capital gains subject to income tax. The new tax will apply to single taxpayers with taxable income over $200,000 and married ones with income over $250,000.
Taxpayers doing a like-kind exchange, regardless of income, will be able to defer capital gains of 20% starting in 2011 along with the depreciation recapture tax of 25%. And beginning in 2013, affected taxpayers can defer their capital gain and Medicare Contribution tax (imposed by the 2010 Reconciliation Act) by deferring the gain through a 1031 like-kind exchange for which Realty Exchange Corporation acts as the qualified intermediary.
*$5,000 in financial concessions
Information taken from Triangle MLS on 1/19/2010We are not responsible for the accuracy of this information.
Single & multi-family cash-flow investment specialist. My areas of expertise lie within the NC state, North Raleigh, Wake Forest, and downtown Raleigh areas. A Delta Ridge, Oak Park, Chadwick, Prestonwood and Brier Creek neighborhood expert.
The population of Raleigh is supposed to double in 15 years. Downtown real estate is prime. The Blount St. Commons renovation project is revitalizing the community and this house is blocks from commercial real estate, restaurants, and parks. Buy and hold for appreciation while cash-flowing, renovate and sell, or consider other creative ideas.
Contact Us | Free Home Valuation | Community News | Brier Creek | Investors | Testimonials | Delta Ridge | Country Club | Agent Online | Six Forks North | Join Exit Realty | Search MLS | Free Evaluation | Top 10 Foreclosures | Raleigh Multifamily Investments | Raleigh Entry Level Homes | Raleigh Median Homes | Raleigh Upscale Homes | Raleigh Luxury Homes | Raleigh Million Dollar Homes | Raleigh Lots & Land | Investor Info | 1103 Blount Street | FREE Home Search | First Time Buyers | Home Buyer Checklist | For Buyers | Real Estate Glossary | Selling Your Home | Home | Creative Financing | Site Map | Rent vs Buy Calc | Mortgage Calculators | Agent IQ Blog
Copyright © 2010 Sarah Tingen, RealtorPortions Copyright © 2010 a la mode, inc.Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site MapAll rate, payment, and area information are estimates and approximations only.
Single & multi-family cash-flow investment/residential specialist. My areas of expertise lie within the NC state, North Raleigh, Wake Forest, and downtown Raleigh areas. A 
