Property Protocol™ Case Study: Hoarder House

By Tracy Wick - Recently our Property Protocol™ system was utilized to assess, prepare, and sell an inherited hoarder house for an optimal return on investment. In this case, the home was in need of a major clean-out:     In order to get the house “Market Ready”, the Tracy Wick Property Team: Obtained multiple bids [...]

A Seller’s Guide to Navigating the Home Inspection

By House Logic - Getting beyond the home inspection is sort of like advancing to the next level in a video game. When you get past this step, you get to advance to a fresh, exciting place — your new home, to be exact. In Every Inspection, There Are Stakes for Buyers and Sellers Once [...]

Property Protocol™ Case Study: Condo Fixer Upper

By Tracy Wick - Recently our Property Protocol™ system was utilized to assess, prepare, and sell an inherited condo for an optimal return on investment. In this case, the condo was in need of repair. Without any improvements, the maximum list price of the condo was determined to be $100,000. Deferred maintenance items were identified and a [...]

WHEN CAN A HOUSE BE SOLD IN A PROBATE ESTATE?

By Howard H. Collens People often ask if they need to wait until AFTER a decedent’s estate closes in order to sell the deceased loved one’s house.  This is a common misconception and nothing could be further from the truth.  The sale process may be completed while the estate is open. When a loved one [...]

Estate Planning Tips for Homeowners

By Mallory Kallabat DID YOU KNOW: After your death, assets titled in your individual name cannot be transferred to your beneficiaries without probate court proceedings, which are time consuming and costly. Here are two ways homeowners can keep their homes out of probate court: Transfer Real Estate to your Revocable Living Trust: Real property titled in [...]

Effects of the New Tax Law on Estate Planning

by Michael P. Witzke,  Attorney At Law, McDonald Hopkins The new law takes effect for tax years beginning after 2017 and most provisions dealing with individual tax reform and transfer taxes are effective for taxable years 2018 - 2025. The Basic Exclusion Amount doubled from 5 million to 10 million (indexed for inflation). The estimated amount for [...]