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Understanding Capital Gains on Inherited Assets

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When beneficiaries inherit assets, those assets generally receive what's called a "step up"in basis. Understand how this saves beneficiaries taxes on appreciated assets.

Capital gains taxes are taxes that you need to pay when you sell an asset that has gone up in value. You are taxed on the difference between what you bought the asset for (called [...]

Pending Sale- Bridgton United Methodist Church

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Located at the height of the land in Downtown Bridgton on Route 302, the iconic Bridgton United Methodist Church is now being offered for sale.  The church dates to circa 1870, with the church steeple being added circa 1885, as stated on the fully functioning church bell and clock mechanism.  Many of the church's original details remain, [...]

Home Selling Tools

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Home Selling Tools- Explaining The Kick-Out Clause

Have you received an offer from a buyer to purchase your property, but you don't have a warm fuzzy feeling about the terms of the buyer's offer?  Consider utilizing a "Kick-Out Clause."

Let's look at a real world example: You put your home on the market and immediately receive a full price [...]

Why Waiting To Sell Your House Could Cost You a Small Fortune

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Why Waiting To Sell Your House Could Cost You a Small Fortune | Keeping Current Matters

Many homeowners who plan to sell in 2022 may think the wise thing to do is to wait for the spring buying market since historically about 40 percent of home sales occur between April and July. However, this year’s expected to be much different than the norm. Here are four reasons to list your house now rather than waiting until the [...]

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