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Eric Anderson, Fayetteville, NC Realtor® Fort Bragg Military Relocation Services

“Back on Activerain”, PenFed Realty Acquires Paradigm Real Estate

PenFed Realty Acquires Paradigm Real Estate



It feels great to be “Back on Activerain”, Thanks to a great Ambassador Charita. AR Family it feels great to be back after such a long but Productive layoff. In May we went into talks with PenFed Realty to purchase our company.

We sold our company to PenFed Realty effective July 1, 2011 and became PenFed Realty (Fayetteville). PenFed Realty, a wholly owned subsidiary of Pentagon Federal Credit Union, the nation's third-largest credit union. My partners and I knew we were building a foundation that would be viable, we just didn’t know how valuable. It was three years ago in September, that we decided to leave Keller Williams Realty (Fayetteville) and start Paradigm Real Estate. In what some say has been the toughest years in the Real Estate Market, we managed to build a company and sell it out right.

What Does "Like Kind" Mean In My 1031 Exchange of My Fayetteville NC Investment Property?

What Does "Like Kind" Mean In My 1031 Exchange of My Fayetteville NC Investment Property?

In a 1031 tax exchange the property that is transferred must be of like-kind with the property that is acquired. Like kind means that real property may be exchanged for other real property, or personal property may be exchanged for other personal property.

Once you have made the decision that completing a 1031 exchange is the right financial decision, then it is time to sell your investment property and have the right Real Estate Professional locate a like kind property for the exchange.

Simon Temple AME Zion Church - Wins 3rd Game of Church League Play

Simon Temple AME Zion Church - Wins 3rd Game of Church League Play

Tonight, the Simon Temple AME Zion church basketball team won it's third game of the season. We are now 3-0, our team has applied a tremendous amount of defense to win both games. We underestimated our opponent who was smaller, yet quicker. The team had to make some second half adjustments in order to pull the win out 47 - 41.

We once again appreciate all those who came out to the Smith Center at Seabrook Community Center to support us. On behalf of my entire team, we do appreciate the team sprit and support. Our next game will be February 5, 2011.

Simon Temple AME Zion Church Basketball League

When A Seller Wants Everything Including The Kitchen Sink

When A Seller Wants Everything Including The Kitchen Sink

More often we hear about buyers who want everything when they buy a new home. But what about the home seller who wants to keep everything including the kitchen sink--LITERALLY. I met with a home seller this week and I honestly thought it might be some kind of joke. Well, maybe I was hoping it was some kind of joke when they asked me if we could exclude the sink. Okay, it was not the kitchen sink but that sounded better for my title.

As we went over the listing contract they asked me if there was a way to exclude it. This was definitely a new one for me. In the days of lots of upgrades, it is understandable that sometimes people become very attached to certain items. After much conversation and a lesson on buyers expectations along with explaining how we typically determine what is personal property versus what is considered a fixture, I believe that we straightened this out.

Typically, personal property is movable and can not be classified as real property. A fixture is an item of personal property that becomes real property by the manner in which it is affixed. When an item is attached by cement, plaster, nails, screws or plumbing it is usually considered real property. Bearing this in mind, it is always wise to exclude such items as those wide screen flat panel t.v.’s that have become common place in homes.