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Archive for the ‘Isle of Palms’ Category

A small maze.

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I just read a post on Ronnie Bartles blog (http://www.bartlesandassociates.com/bartlebys-blog/2011/7/10/do-i-know-you.html) about the saga of Coco and her fiancée, first time home buyers. It made me stop and think about how things have changed over the past couple of years. Coco is not alone in her angst and customer service has all but disappeared. But there is hope!

My wife, Patricia, and I are Realtor*s and have helped a number of first time home buyers, and seasoned home buyers and sellers navigate through the real estate maze that is a fact of today’s market. We haven’t done this alone. We have a select group of service providers, that have mastered the maze, and we recommend them to our clients. As a team, we help our clients through the maze and bureaucratic red tape. No real estate transaction today is without stress, but we Team Up for Success and reduce the stress for our clients.

There should never be a reason for a home buyer to have to change agents, or home inspectors on any real estate transaction and then lose the deal after all is said an done. We cannot change the bureaucracy involved with bank owned homes, or short sales. But we can make sure that all the t’s are crossed and all the i’s are dotted. Team Up for Success is not just a slogan, it is how we approach our profession. If you have real estate needs, buying or selling, first timers or seasoned veterans, test us out! We want to Team Up for Success with you!

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Visit houselogic.com for more articles like this.

Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®

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Visit houselogic.com for more articles like this.

Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®

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A lovely part of the Charleston Coast.

 

It has been a difficult time for the past several years for the economy in general. However, real estate seems to be at the center of the doom and gloom, and real estate agents have suffered as much as anyone during this economic down turn. Almost as much as the home owners they represent.

A number of agents have left the business. Many got into the business because they saw it as a way to make lots of money…They were wrong! Others got into the business because it appeared glamorous. They saw successful agents driving expensive cars and enjoying the finer things without, from their view, too much effort…They were wrong! It wasn’t a profession to them, just a job that they thought paid lots of money.

Patricia and I got into real estate with our eyes wide open. We understood that Realtors® are professionals in a field that is very complex and changing every day.  In our careers in the corporate world, we had over 20 personal real estate transactions where we were represented by professional Realtors®. Our NJ Realtor® handled most of our transactions, and referred us to other professional Realtors® in Ponte Vedra, FL and Atlanta, GA. We learned about how much work professional Realtors® take on in behalf of their clients.

Patricia was first to become a Realtor® and I followed her several months (OK, 2 years) later. Why did we do it? We wanted to help people by following the example of our Realtors®. They provided real service to us and that’s what we do for our clients. Our personal experiences taught us that there are many, many things to follow-up on to complete a transaction. From the negotiations on sales price, through inspections, and following up on deadlines and mortgages, a professional Realtor® makes it light work for their clients. We do that for ours.

We love helping people. We love our profession as Realtors®. If you are interested in buying or selling on the Charleston Coast, contact me at Mark@MarkandPatriciaFuchs.com, or Patricia at Patricia@MarkandPatriciaFuchs.com.  As part of Dunes Properties of Charleston, Nobody Knows the Charleston Coast Better.        

      

 

Professional Realtors® serving the Charleston Coast.

 

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Could this be a location for a 1031 property?


United States Internal Revenue Code (26 U.S.C. § 1031)

Section 1031 of the Internal Revenue Code is most often used in connection with the sale of real property.  If you have been in the real estate market looking for a way to invest money and defer taxes, you may have heard about ‘Like-kind exchanges’ or ‘Tax Deferred Exchanges’ as a possible means to accomplish your goals. These are alternate names for what is commonly known as a 1031 Exchange.







This is a simple transaction that allows you to exchange properties of like-kind and defer the taxes. The transaction is simple, but understanding the process may not be! What property qualifies? Here are a couple of examples of what does not qualify:



  • 1031(e) livestock of different sexes do not qualify for like kind exchange.

  • 1031(h)(1) real property outside the United States and real property located in the United States are not of like kind.

I was surprised about 1031(e). Aren’t you?


What is the difference between a second home and a vacation home? What taxes are being deferred? How long are taxes deferred? How does this benefit me? As a buyer, should I consider entering into an identified 1031 Exchange?  Do qualified exchanges have to be simultaneous? If not, how long do I have to complete a qualified exchange?  


There are many more questions depending on individual circumstances and it is in your best interest to get correct answers to the questions for your individual circumstances rather than depending on an overview to make your decision. Your professional Realtor® will be able to give information, but a Realtor® is only part of the resources you need. Your Realtor® will identify properties for your consideration. Another team member should be a tax attorney and a CPA who are experienced with 1031 Exchanges. They can give answers to how a 1031 Exchange fits into your portfolio, and how a 1031 Exchange fits into your estate.


If you are interested in a 1031 Exchange in on the Charleston Coast, contact me at Mark@MarkandPatriciaFuchs.com, or my business partner, Patricia Fuchs at Patricia@MarkandPatriciaFuchs.com


As part of Dunes Properties of Charleston, Nobody Knows the Charleston Coast Better.

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Real estate agents love being recognized for their hard work. There are times when agents are given awards for their work and they receive certificates or plaques to hang on their office walls. Recently, two agents from the Isle of Palms office of Dunes properties were recognized by Realtor.com for their “Online Marketing Excellence.” Barbara Walker and my wife, Patricia Fuchs are well-respected agents in East Cooper and deserve this award for finding clients that want to list properties with them.

Barbara, Patricia and Rebecca. A great team!

The interesting thing is that both Barbara and Patricia have an assistant, Rebecca Narkiewicz, who handles much of their administrative tasks, including posting their listings on Realtor.com and making them standout from the crowd of listings on Realtor.com. I started thinking about this when the awards were being handed out at a recent Realtor.com event. There were Barbara and Patricia receiving the award certificates, and Rebecca was sitting next to me smiling with pride that two agents that she supports were being recognized for their online marketing excellence knowing that she was responsible for a good part of the work that resulted in the award. Rebecca does her work behind the scenes. She is quiet and efficient in what she does. 

Realtors ideally should be out in their community putting a face on their brand, making sense of the stats and numbers, and educating themselves every day about their product.  We would not be able to do this without the Rebeccas of the real estate world.  Someone who is in the office daily familiarizing her/himself with the latest, ever changing online marketing strategies, typing, stuffing envelopes, making sure all the i’s are dotted and t’s are crossed on our paperwork. Our Rebecca has been given the nickname “RADAR” by many due to her ability to have information on hand before we know it’s needed.  Such support can be integral to our success (and sometimes our sanity). 

Behind every great person is another great person. Here’s to all of those who are behind the scenes making us look as good as we can look!

Thank you, Rebecca for all of the excellent work you do.

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A view from the roof at Morgan Creek Grill.

I just love where I live! I’m guessing that you love where you live, but if you don’t, the Low Country is a place that you will fall in love with very quickly. I took this picture with a Blackberry from the roof top at Morgan Creek Grill one afternoon this past week.

We were having a nice visit with our friends, the Samuelsons, and enjoying the food at the Grill. It has been very hot for the past several weeks, but on this evening the breezes were cool and comforting. Great friends and good food!

Patricia and I have lived here since 2002. We moved from Morristown, NJ where we had lived on and off for over 25 years. That last winter in New Jersey was difficult in many respects, but the weather was really nasty. We left in a snow storm that followed us down I-95 for many, many miles. When we finally arrived very late at night, there were our friends, the Samuelsons, who greeted us and helped us to settle in for the night.

Living in the Low Country has always reminded me of New Orleans where I grew up. There is so much in common between the two. In New Orleans we had swamp. Here we have marsh. There the canals in New Orleans that were like the area around Shem Creek, in some cases. In New Orleans we had heat and here we have heat. On the north shore of Lake Ponchartrain there were places like Morgan Creek Grill. We always had fresh seafood, just like we have here. Great friends there, just like here.

All of these things are in common between here and there, so for me it was easy to fall in love with this place. After all, it was like I had come home! You can make this your home, It is an easy place to fall in love with, and as Mikey’s brother say: “Try it! You’ll like it!”

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