Asheville Real Estate Homes, Asheville Downtown

Why would someone exclusively shop properties for sale by owner? To get a bargain, to pay less than market price. Thus, by listing a property for sale with an agent, a seller should net an amount equal to or greater than selling on their own with a lot less work to complete the transaction. List...

Under the primary residence exemption, you can exclude the entire gain on the sale of your main home up to $250,000 individual or $500,000 married couple filing a joint return. To be entitled to the exclusion, you must have owned the home for at least two of the last five years and lived in the h...

From the Wisdom of Mills Lane: Make no excuses! Strive to be honest. Cherish your fellow human beings. Never be afraid to say what you think. Get it done, step-by-step, do it! High Values for achievement: Perserverence, Responsibility, Integrity, Determination, Excitement. Push yourself outside ...

 nolimitcharters.com Living with the right spirit in mind and heart can be the full sail that will carry you across the wide seas. Galatians 5:22-26 The fruit of the spirit is love, joy, peace, gentleness, goodness, faith. If we live in the spirit, let us also walk in the spirit. St Luke 6:31 As ...

                       www.realtywnc.com Service of another is a great calling, demonstrates your love toward humanity and is a wise use of time. Ephesians 4:25-32 Put away lying, speak every man truth with his neighbour for we are members one of another. Be ye angry, sin not: Let not the sun go ...

   www.realtywnc.com ST MATTHEW 7:7-8 Ask and it shall be given you; Seek, and ye shall find; Knock, and it shall be opened unto you: For every one that asketh receiveth and he that seeketh findeth; and to him that knocketh it shall be opened. Thus, your continuous efforts to overcome limitations...

Actual or constructive receipt of exchange proceeds is not allowed. Use of a Qualified Intermediary serves as a Safe Harbor: This party prevents constructive receipt of sale proceeds by the exchanger. The Qualified Intermediary receives the proceeds from the relinquished property sale then makes ...

If conditions for the tax-deferred exchange are met, then the gain from the sale of property relinquished will not be recognized, indefinitely deferring the payment of capial gains and recapture of depreciation taxes. There is no limit to the number of 1031 exchanges that may be made in successio...

1031 Tax-deferred Exchange requires the intent to exchange properties for "long-term" benefits of income production and appreciation: Intent at the time of the exchange controls. "Buy to Sell" Dealer transactions do not qualify for 1031 tax-deferral. A pattern of regular, frequent, and continuous...

IRC Section 1031: No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held either for productive use in a trade or business or for investment....