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Market Statistics for Westfield, Fanwood, Scotch Plains and More!
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| Bernards Township
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Chatham Boro
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| Chatham Township
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Cranford
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Fanwood
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| Mountainside
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North Edison
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Scotch Plains
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| Springfield
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Summit City
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Westfield
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| Statistics from 2010 |
| Bernards Township
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Bridgewater
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Chatham Boro
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| Chatham Township
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Cranford
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Fanwood
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| Mountainside
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North Edison
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Scotch Plains
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| Springfield
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Summit City
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Westfield
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Naasa Sherbeini- Expert Realtor serving New
Jersey, including the communities of
Westfield,
Mountainside,
Fanwood,
Cranford,
Scotch Plains,
Garwood, Springfield, Summit, New Providence, Berkeley Heights, Kenilworth, Chatham, Clark, Plainfield, Short Hills, Millburn, Watchung, Roselle Park, Union, Vauxhall, Roselle, Gillette, Colonia, Rahway, Linden, Green Village. |
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 document must lenders provide within three days of receiving your application for financing?
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| A |
The "Truth In Lending Disclosure Statement" will give you complete financial information about the loan. |
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Naasa Sherbeini
Coldwell Banker
209 Central Ave
Westfield, NJ 07090
908-883-1707
Fax: 908-233-8780
naasasherbeini@NUMBER1EXPERT.com
Those who have worked with Naasa appreciate knowing the purchase of their new home is in the hands of a capable and trustworthy REALTOR®. It just makes sense to turn to a professional who cares about your needs and will go the extra mile to meet them
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