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Preview: Edith Lank - ArcaMax Publishing

Edith Lank - ArcaMax Publishing

Edith Lank News Feed

Copyright: Copyright 2016 ArcaMax Publishing

House Calls: Selling on Their Own


Dear Edith: We are just starting to sell our house by ourselves. The idea is that by eliminating the broker's commission we can set the price lower and attract more buyers. We could use advice about how to avoid wasting our time with people who ...

House Calls: Tax on Sale


Dear Ms. Lank: We would like to move to a senior center in my son's area. We inherited our home from my wife's grandmother. It was a family farmhouse. I have no idea what it cost. We live in a neighborhood of expensive houses; it should sell for ...

House Calls: Reverse Mortgage


Dear Ms. Lank: I'm curious about reverse mortgages. What's the good of them? I've heard they are scams. Can you explain? -- M.V. Answer: First off, don't worry about the scam problem. When reverse mortgages first became available, some were ...

House Calls: Forcing a Sale


Ms. Lank: I am half owner on a property in Florida, and I am eager to sell; however, the other owner will not agree and also will not pay half of the property tax. Is there any way I could claim the property, seeing as I have been paying all the ...

House Calls: Drugs and Keys


Ms. Lank: You had a question in the column about staging a home for an open house, and you wrote to put small valuables away. I once saw a TV show on which the folks said that people need to lock up or relocate any prescription drugs for an open ...

House Calls: Tax on Inherited Property


Hi, Edith: My mother passed away in 2014. I inherited her home. I paid a lawyer to go through probate and get the home in my name. A few weeks ago, I sold the home. When I do my 2016 income tax return, am I liable for taxes on the sale of the ...

House Calls: No Gift Tax


Dear Edith: Can I give my daughter a $l4,000 interest in a rental property I own with a regular deed? I would want to give her $l4,000 interest year by year after that. If I can't do it with a regular deed, how do I have to do it? -- P. G. ...

House Calls: Land Contract and Homeseller Exclusion


Edith: I read in your column that there might be no federal income tax for the sale of a longtime home. Two years ago I sold my home of 22 years on a land contract. The price is less than $200,000. Does this no-tax rule apply to the monthly ...

House Calls: Belt and Suspenders


Ms. Lank: What does it mean when a property shows up in the multiple listing system as a new listing with a pending offer? I get email updates about my area from a couple of different real estate offices. The email I received today regarding a ...

House Calls: Moving Out of State


Hello! My mother asked me to write to you with some questions. My parents recently sold their home in Colorado, which they'd lived in since 1975. Since 2014, they'd had a caretaker live in the house while they tried out life in Florida. Now they ...