Tax Deferred Exchanges: An investor may indefinitely defer capital gains tax at the time of sale by acquiring another investment property. The rules require that the "replacement property" be equal to or more than the value of the "relinquished property". By deferring the taxes the buyer's dollars have an effective increase in purchasing power sometimes equal to as much as 100% of the gain on sale. This totally legal mechanism must be conducted with strict accordance to the Internal Revenue Regulations. You can e-mail me at realproperty@marksalkin.com for further details without any obligation.
Mark acts as a "qualified intermediary" in holding the money and completing the exchange to satisfy the IRS rules.
Probate Services: Individuals who die without first publishing a will are required to engage in a court sponsored process known as "probate". In probate a neutral third party is appointed to sell any real estate that remains. Probate sales are generally conducted as private auctions and require court approval. The ins and outs of how much to offer, how to preempt other interested parties, completing the pre-court inspections, obtaining financing and (most important) bidding at the court ordered sale can be very rewarding if somewhat technical. An experienced consultant is a must in order to succeed in this often below market purchase.
We offer listing services for probate estates, written evaluations, court testimony and will represent buyers in court during any probate procedure.
Court Adjudicated Sales: Judges often control the sale of real estate. Most typically this involves a bankruptcy or a partition where a trustee, referee or commissioner controls the sale. In most of these cases a contest is involved during which interested third parties may obtain a below market bargain. This may also include foreclosure sales. Determining a fair market price while avoiding hidden liens and interests is often the key to a successful less-than-fair market acquisition.
Mark has been appointed as a referee, trustee and commissioner to resolve many disputed real estate matters. He is available to both act for the court or for the interested party.
Expert Witness Services: The outcome of contested litigation often hinges on the opinion of informed experts given in court in a clear and easy to understand manner. Opinions on the competence and standard of care used by real estate brokers and agents and on property values are carefully researched and may be given in writing as well as by spoken word.
Our testimony has resulted in sucessful adjudications more than once. An e-mail to realproperty@marksalkin.com will get you a no obligation reply to your inquiry.
Referrals to Qualified Legal Specialist: We retain valued relationships with many practicing attorneys, accountants and other related professionals. By contacting us at realproperty@marksalkin.com Mark is happy to evaluate your details in order to make a qualified referral to the most suited person he knows. This is a no obligation service.
Mediation Services: Most modern real estate purchase agreements and construction contracts require that mediation occur before anyone can turn to arbitration or litigation. A Mediator is someone the parties choose to be a disinterested observer whose experience will foresee a reasonable outcome. Mediation is often an easy, informal and far less expensive manner to resolve disputes than any other procedure.
Mark's extensive experience, both in law and residential construction, allows him to inject a calming and objective view point enabling adversaries to resolve their differences.
