Eminent domain allows the government to seize private property without the owner’s consent. From 1998 to 2002, more than 10,000 properties across 41 states faced condemnation, only for the land to be handed to private developers. An eminent domain must be claimed for public use; direct public use includes constructing roads and freeways, municipal buildings […]
Property
How to Avoid Lawsuits Against Your Property
These days, you probably have your plate full with the restrictions and economic impact imposed by the pandemic. You worry about surges in infection numbers and whether there will be another full lockdown. You wonder whether you will be forced to close your doors in order to comply with current guidelines. On top of that, […]
How to Get Your Commercial Property Ready to Sell in 2020
The world has completely changed in the last few months and it can seem overwhelming to consider selling in the current market. There are still, though, plenty of opportunities for you to advance with the selling of your commercial property. While it is a buyer’s market, the buyers are out there and looking for good […]
Moving? Here’s What You Need to Know to Save Time (and Money)
Moving can be a process full of mixed feelings, especially during hard times. On the one hand, you’re excited to move. You’re moving towards a new thing – maybe it’s a location better suited for your business or your family, maybe it’s a whole new city with a new job and new opportunities. Maybe you’re […]
Is Social Media Useful for a Property Valuation Business?
Just like every other industry, the immense growth of social media has greatly shaped the real estate market. With many homebuyers turning to the internet to search for properties, agents are using these channels at each stage of marketing, from brand building, lead generation, to making sales. If you’re on the property valuation businesses, you […]
10 Things to Know Before Buying Investment Property
Buying an investment property can be a very lucrative business. There are numerous examples of people making significant gains and profits through a real estate portfolio. But it can also be a highly risky use of your money. And regardless of the size or type of property, your plan to invest in it will almost […]
The Sale of Business or Investment Property: Several Ways to Defer the Tax on Gains
When a sale of a business or investment property results in a gain, the seller is typically taxed on that gain during the year of the sale, even when the gain was generated over many years. However, the tax code provides opportunities to spread this gain over several years, to postpone it by deferring the […]
