Repairs To Do Before You Sell Your Home, Occupancy Agreement Musts, Property Depreciation Allowance Formula


Repairs To Do Before You Sell Your Home

Real Estate Tip:

If you allow the seller to stay in a property you are buying after the closing, make sure you have an airtight occupancy agreement that clearly spells out the dates of occupancy and the consequences of failure to abide by those dates

Real Estate Insight:

Property Depreciation Allowance = (Depreciable Basis)/(Useful Life); Useful life=27.5 years for residential property, 39 years for non-residential property