In June 2010, a good friend of ours went to work for Sears Holdings Corp. My wife, who believes Sears will come back, wants me to sell this stock to purchase more Sears stock at $44. Would that be good to do?
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An unprecedentedly high proportion of home sales involve all-cash transactions in today's market. According to a National Association of Realtors' report, all-cash offers account for 33 percent of home sales, with international and investor buyers taking the lead.
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“Shared equity” arrangement is a concept worth considering by every real estate investor and buyer.Read More »
RESPONSE FROM A READER: You recently answered a question about whether property taxes would go up if someone was removed from a deed. In Michigan, property taxes are capped and cannot be substantially raised unless there is a transfer of ...Read More »
DEAR BENNY: I am a real estate lawyer in practice for over 36 years and in the last three months encountered a new situation which I find troubling. Both closings I conducted were lot purchases as part of a construction-to-permanent ...Read More »
DEAR MR. BERKO: About two years ago, our good friends of 19 years, who are also our next-door neighbors, hired a new money manager. Seeing as these folks tend to be very critical and often find fault with many professionals ...Read More »
DEAR BENNY: I read your column about paying capital gains on the profit from the difference between the sales price of an inherited house and value of the property at the time of death. Does the same hold true on ...Read More »
DEAR MR. BERKO: Instead of renewing a $7,000 certificate of deposit at JPMorgan Chase for 1 percent about a year ago, we bought 200 shares of JPMorgan Chase’s stock from Fidelity at $31 because it paid a 4 percent dividend. ...Read More »