Williamsburg Real Estate

Real Estate Advice

  • Dealing with divorce and home ownership

    Q: I divorced in 1994 and retained ownership of the home as part of the settlement. I continue to see my ex-spouse's name on the tax assessment document, even though I have refinanced the mortgage in my name. What does it mean to have his name on the document, especially when I try and sell? What...

  • Homes with delinquent real estate taxes

    Q: The house next to mine is up to be sold for delinquent taxes. Will I be responsible for any liens against the house should I win the bid? My plan is to demolish the home. A: As the saying goes, you can't escape death and taxes. When you own a piece of property in a place where real estate taxes...

  • Should you hire a real estate attorney or Realtor?

    Q: We bought a house four years ago in Oklahoma and ended up renting it out after we moved out of state. After renting the house for two years, the current tenants want to buy it and we have no clue what to do. Should we hire a real estate attorney or Realtor? We have no problem selling it ourselves...

  • The tax implications of short selling a primary residence

    Q: An 83-year-old friend of mine is disabled and is about to enter an assisted living facility. She is currently living alone in a house she owns, but it is no longer safe for her to live alone. I am trying to help by organizing her finances and to determine if she can afford the assisted living...

  • Selling property and the rules of profit rollover

    Q: I enjoy reading your columns each week. My wife and I have two properties in Miami worth about $600,000 and $1,250,000, and another one in Chevy Chase, Maryland that has a mortgage and is worth about $2 million. The Miami properties do not have any financing attached to them, and the Chevy Chase...

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