Author: Daniel La Gamba

Key Takeaways Not all closing costs are tax deductible, though. Knowing deductible expenses is half the battle. Watch for closing costs such as loan origination fees, prepaid interest and any real estate taxes paid at closing. Mortgage insurance premiums are deductible only in certain circumstances. If you’re making these kinds of payments, keeping detailed records… Continue reading Uncover Hidden Tax Breaks on Rental Property Closing Costs!

Key Takeaways Closing costs are an important consideration in any real estate deal. Several fees and expenses apply in addition to the property’s sales price. These closing costs fluctuate according to location, type of property and what a lender may require. Property taxes have a huge impact on closing costs. Buyers will likely be required… Continue reading Are property taxes included in closing costs

Key Takeaways Commercial property closing costs are one of the most important property closing costs that buyers and sellers should expect. By understanding these costs upfront, you’ll be able to prevent financial surprises and ensure that your transactions run much more smoothly. Closing costs can consist of flat fees, value-based costs as well as other… Continue reading Commercial Property Closing Costs

What is a Will Definition of a Will A will is a cornerstone legal document that directs how you’d like all your assets distributed at the time of your death. Even in the rest of Canada, the customary practice is to write a standard will with no witnesses required. This simple document serves as your… Continue reading What you need to make a will

Life has a tendency to throw in curve balls, right? Imagine you are ready to close on your dream home, but then the seller walks away. This is total chaos! A seller refusing to close can seriously derail your plans. So what’s a buyer to do? It’s a sticky situation, but one with solutions. Buyers… Continue reading What happens if a seller refuses to close