Real Estate Blog - EXIT Realty Pikes Peak - Jason Daye & Monica Daye

What is a 1031 Exchange?

A 1031 exchange, also known as a like-kind exchange, is a tax-deferred real estate transaction authorized by the Internal Revenue Code. In fact, it takes its name from a section of the IRS Code – you guessed it, Section 1031....

Watch out for the latest scams!

It’s no secret that the internet has become an integral part of our lives, offering convenience, connectivity, and a wealth of information. However, along with its many benefits, the online world is also rife with scams and fraudulent activities that...

5 Things to consider before becoming a landlord: What they don’t tell you

Nobody really knows the total number of people who consider themselves landlords in the U.S. The IRS puts the estimate at 7.1% of tax filers. They also claim that 17.1 million properties generated income for their owners,” according to David...

Easy ways to increase your property value before selling

Have you ever noticed how the longer you live in a home, the less you notice or the more you can tolerate stuff that’s wrong with it? It starts feeling less like an investment and more like your territory. When...

Finding Your Property Line: A Guide for Homeowners

Here’s a scenario. You receive a notice of violation from your HOA regarding weeds in your front yard. Since your property lines aren’t clearly delineated with fencing or anything else, how are you to know that the property on which...

From Tenant to Homeowner: A Guide for Young Renters

Slightly more than 35% of Americans are tenants, paying $1,937 (median) in rent each month, according to Rent.com. The total monthly housing cost for these folks is $1,301, while the housing cost for homeowners is $1,510, only $209.00 more, according...

Smart Strategies to Save for a Down Payment on Your Dream Home

Dreaming of buying a home? One of the biggest challenges of the process is coming up with a down payment, a percentage of the home’s purchase price that you must pay at closing. But don’t worry; with the right strategies,...

DIY Water Heater Routine Maintenance

Water heaters are the unsung heroes of modern living, providing the luxury of hot showers, sanitized dishes, and clean laundry. Yet, their maintenance often takes a back seat until issues arise. Regular maintenance is crucial to ensure their longevity, efficiency,...

How schools impact property values

Take a look at your new home wish list. You’ve undoubtedly included the number of bedrooms and bathrooms you need, listed the amenities you hope to find, and perhaps even the type of neighborhood you hope to live in....

Understanding Umbrella Insurance Policies: Who Needs Them and Why?

So, you’ve got your car insurance, homeowners insurance, and maybe even a little something for your beloved furry friend. You’re feeling pretty confident that you’ve got all your bases covered. But have you ever heard of umbrella insurance? No, I’m...