Real estate issues from A to Z
Is a real estate agent a salesperson? A sales representative is an employee of the real estate agent. The sales representative can only conduct a transaction on behalf of the real estate agent. A real estate agent holds a higher level of qualification, normally a Diploma, and holds a Triennial Certificate that enables them to …
How quickly can you get approved for a VA loan? The VA loan process typically takes 30 to 45 days once you’re under contract on a home, although every buyer’s situation is different. Applying for a VA loan doesn’t obligate you in any way to a particular lender or to moving forward with the homebuying …
Why you shouldn’t buy a manufactured home? Disadvantages of Buying a Mobile Home. A disadvantage of buying a mobile home is that its value will depreciate quickly. … On the other hand, stick-built homes are considered part of the real property. A related disadvantage is that mobile homes, because they are personal property, are usually …
Why would you not depreciate a rental property? If your total rental expenses exceed your rental income, the annual depreciation of your home does nothing to reduce your taxes. This creates a scenario where it seems to make sense to skip depreciation, so that you have a higher tax basis for the future sale of …
What is the relationship between a property manager and an owner? The landlord or owner deals directly with renters; both in choosing renters and managing current tenants. A property manager is often a real estate professional hired by the rental property owner(s) to manage the property. What agreement authorizes the property manager to act for …
Is there a property tax break for seniors in Nevada? This statewide program refunds up to a maximum of $500 on the property tax paid by eligible senior citizens on their primary residence. A. … RESIDENCY: Must have lived and paid property taxes, continuously, in Nevada, from at least July 1, 2015, and must be …