At True Title, we field questions similar to this one often: “My clients are selling their personal residence and getting ready to buy a new one. They want to know if they can defer capital gains taxes by making a 1031 exchange. What do I tell them?” Here’s the (relatively) short answer to this question: […]
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Guide to Success in Real Estate
Everything You Need to Know About FIRPTA – as a Buyer or Seller
Whether you’re preparing to buy or sell a US property, it’s important to understand your obligations under the Foreign Investment in Real Property Tax Act (FIRPTA). If the seller is considered a “foreign person” (as defined by the Internal Revenue Code), the buyer may be subject to tax withholding obligations under FIRPTA. Importantly, the obligation […]
Adverse Possession 101
Did you know that someone can claim ownership of a property (in part or whole) without having purchased it? This is known as “adverse possession,” and is a holdover from the frontier days when staking your claim on a piece of land made it yours. How does adverse possession work? Under adverse possession laws, a […]
What’s Changing in the Real Estate Market in St. Louis Right Now
A new year means new sales goals for real estate brokers. But the unique factors pushing the St. Louis market to all-time highs require expert navigation. From low inventory to the increased reach of digital apps and platforms, here’s what to know about the St. Louis real estate market in 2022 – and how to […]
How To Ask for Reviews and Referrals from Clients
Social evidence is a powerful differentiator in the real estate market. As a local agent, two key sources of new clients are referrals from existing clients, and positive online reviews or rankings. Reviews matter because they help build your brand and boost your visibility on crucial online platforms. They highlight the things you do well, […]
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