Ask David

Gifting vs. selling: Land transfer tax and capital gains

Dear David: I bought a condo in 2018. The title is in my name. It’s not my principal residence, but my son lives there. I would like to sell the condo to my son for the $300,000 I originally paid for it, since I don’t want to make money off him. Is it better for

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“One Percent” Realtors, Ready to be a Landlord?

Dear David, How is a “one percent” Realtor different from other agents? – JUST WONDERING DEAR WONDERING: Read the fine print. Discount brokerages have been around for as long as I can remember. Lately, some have been marketing their services as very similar to those of traditional brokerages. This comparison is like a discount motel going head-to-head with the Ritz. The customer

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Ask David

Selling for more than expected, Selling a home with a tenant

Dear David, We just sold our house for $45,000 more than we were expecting. We’re considering renovating our new home in a year or two, should we park the money or have some fun? – PARTY TIME I’ve seen this scenario with many clients who’ve ended up surprised at how much their house can sell

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Leak in a finished basement, How interest rate changes affect value

Dear David, With the spring thaw, we are nervous about a foundation leak. Our basement is finished, how can we tell if we have an issue? – WATERMARK DEAR WATERMARK: If you see evidence of a leak, a finished basement can make it harder to identify the source, but there will be clues. Don’t tear

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