Q: My dad purchased an investment property in 2006 for $150,000. He put my name as joint owner with him. His intent was for me to become the sole owner of the property after his death. He died late last year. Prior to his death, he managed the property and did everything that had to do with the property. He took all the tax benefits and tax deductions having to do with it.
Q: I guess it may be too late, but figured I’d ask. We did a reverse mortgage. We got almost no cash out of it, but it is eating up whatever equity remains with our loan that has an effective interest rate of almost 5%. Is there anything we can do? Thank you.
You’re a typical homeowner: You fret over mysterious noises behind walls, savor the yard’s smell after a storm, and giddily track your home’s fast-rising value. That buoyant emotion might yield…
The Duke and Duchess of Sussex have become “impact partners” with ethical financial services company Ethic.
Q: My mother put me on the deed to a house she purchased five years ago. Recently, she has decided that she wants to sell the house to buy a smaller house in a nearby town. The house has been her primary residence for the last five years, but not mine. I live three hours away.
Pink Floyd’s 1973 hit song “Money” didn’t mention real estate as a glamorous place to park capital, but today there is more money chasing real…
Q: I inherited 20% of a home with a mortgage. The person who owns 80% wants to keep the house. How do we divide the property? Should I get 20% of the appraised value or 20% of the equity of a house? There are enough other assets in the estate to pay me either way.
The average value of a home in Richmond rose 13.7% in the past year, according to new assessments conducted by the Richmond Assessor’s Office.
Andrew Abbott became the first Virginia baseball player to be selected in the 2021 MLB Draft on Monday. Abbott was selected in the second round by the Cincinnati Reds, who picked Abbott with the No. 53 overall pick.
Q: Our neighbor sold his home to the commercial business that borders his property. He sold it after they approached him with an unsolicited offer. The neighbor was told the business wanted to remodel/redevelop the property and wanted “green space” between them and the neighborhood.
Before you make your next renovation, ensure that it will help and not harm your home’s value. Start by skipping these five projects.
Q: My great-grandfather was a farmer and had about 23 acres when he died. My grandfather passed away before my great grandfather. The land was put in a trust for my mother and uncles. My mother passed away two years ago.
Q: My husband, daughter and I are planning to combine households with my mother. She is a widow with some new health problems, and no longer wishes to live alone.
Many people enjoy top-of-the-line kitchen appliances, but only to an extent. New Jersey-based retailer Designer Appliances says on its blog that not all homes will see an increase in resale value simply because of updated appliances. This could happen if it isn’t in a high-end market.
“Just because a color is popular in magazines doesn’t mean it will add value to a house in your area,” Tulsa, Oklahoma-based real estate agent Paul Wheeler told HomeLight. “Cutting edge colors only work in cutting edge areas. Places like New York or L.A. pick up color trends first, then they trickle down to the middle of the country a few years later. So if we’re too far ahead of the trends, buyers aren’t going to like it.”
Believe it or not, hurricane season is here. Preparing early while you have the time can save you the stress of having to panic when a storm is right around the corner. The need for preparation couldn’ t be clearer in the wake of the gasoline panic buying we’ ve just witnessed after the recent pipeline hack, and who could forget the run on toilet paper at the beginning of...
It’s likely you’re in need of a home revamp. Buzz’s Chloe Hurst has the story!
When thrift shopping it's easy to think everything looks a bit like someone else’s junk, but there are some pretty good gems one can find if y…
People spent a lot of time indoors this year, which inspired many homeowners to take on a few projects around the house. Buzz60’s Johana Restr…
False. The truth is there is no magic number. Mileage does play a role in a vehicle’s value, but not as much as you might think. As a general rule, the value of your vehicle will drop slightly with every 10,000 miles you add. But according to Edmunds data, there is no major drop-off at any certain milestone. Even the infamous 100,000-mile mark is not a value-killer as long as the vehicle is in good shape.
Economic fallout from the COVID-19 pandemic did not reverse the trend of Richmond’s rising property values, according to City Assessor Richie …