Written by Francie Peters, an experienced investment management professional.

We asked her to explain gifted real estate with her expert knowledge. She provided a valuable article about the tax consequences and best ways of gifting property, we hope you find it beneficial.

Inherited or Gifted Real Estate in Florida – Five Things You Should Know 

Are you trying to decide what to do with inherited or gifted real estate? The financial and emotional decisions on what to do with the property can be overwhelming. It is important to understand some of the jargon used in these types of situations. For example, what does “cost basis” mean? What is a “step-up?” Will the $500,000 capital gains exemption for married couples apply to inherited real estate?

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by Jenn Heller

Did you know homeowners should anticipate an annual expense of up to 4% of their homes value for annual maintenance expense? Unfortunately, with the current state of the market, many homeowners are left with little or no savings in the bank after their purchase. Experts average that 7 out of 10 homes will experience a "major system or appliance failure" within a year of purchase. This means refrigerator, water heater or HVAC systems will need servicing and/or replacement and that could be very expensive if not detrimental to a new owner. That is exactly why a home warranty is a great purchase in order to offset some of the cost for homeowners. To help explain any misconceptions of what a home warranty really is, how it works and what it…

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