Sitemap: Home Buying in Canton, Plymouth and Northville, Michigan - Get Expert Advice From The Bittinger Team

A Foreclosure May Not Be Your Only Option
A “Short Sale” is the sale of a home for less than what is owed to the lender when there is proof of hardship and financial distress.
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For Buyers: Canton, Plymouth and Northville Michigan home buying, real estate listings, and homes for sale in Wayne County, MI

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Investment Real Estate >Investment Property Exchanges

When you buy an investment property, there are two important financial goals to consider. You will want a property capable of producing rental income. When you sell, you hope that the property will have appreciated enough that you will earn a good profit on your investment. If your property has enjoyed a healthy appreciation, you may need to do some careful planning to avoid paying out most of your profits in the form of capital gains taxes.

When selling your primary residence, you may be able to defer your capital gains taxes when you buy your next home. This does not apply, however, to investment property. If you sell one property then purchase another, the taxes will be due for the year the sale occurred. On the other hand, if you arrange to trade one property for another, you may be able to defer the capital gains tax.

It is not as complicated as it sounds! Many real estate agents and attorneys specialize in helping their clients put these kind of transactions together. You don't have to trade buildings with the people buying your property. The property you trade may belong to a third party, and your buyers need only cooperate with the closing attorney to make the transaction work.

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Q	What is encroachment, and how might it affect a property owner?
A	Encroachment, refers to the unauthorized intrusion of a building or improvement onto another person's property; it often requires a surveyor's report to support the claim.
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The Bittinger Team, REALTOR®, real estate agents and broker for Canton, Plymouth and Northville Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

THE BITTINGER TEAM
RE/MAX Classic
43435 Joy Road
Canton, MI. 48187
Office: 734 459-2600
Fax: 734-979-0999
Email: team@bittinger.com
Lee and Noel Bittinger, ABR, CRP, CRS, e-PRO, GRI have set the standards for Real Estate in Wayne and Oakland Counties having received every major real estate award, as well as being important contributors to the real estate industry and in the community for over 22 years. They have led the way in specialization, education, marketing and innovations, as well as giving back generously to the community. The Bittingers are known for their integrity, enthusiasm, experience and knowledge. They are the guiding spirit for every transaction and every client their team serves. Given the current state of our real estate market and what it is doing to so many families, The Bittinger Team took it into their own hands to become Short Sale Experts! Every agent on The Bittinger Team has now acquired their "Certified Distressed Property Expert" designation, or CDPE. This experienced, and highly trained group of agents have dedicated their time and effort to understanding the critical issues that distressed homeowners are facing.

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