For the gift tax the amount is currently $13,000 per year and if a minor then parents can each combine for a total of $26,000 per year.

Great news indeed Cant wait to see Paul vs Bernanke round 1 This will be better than football and the UFC combined

(more square footage than every building in downtown Indy combined).

In your case you will probably need to use a combination of comp methods.

Combine a gift card you bought for 90% of face value with a 10% off coupon you bought for a buck and you can get pretty good deals.I always keep at least 4 or 5 of the 10% off coupons in my wallet at all times.

Previous assessments on the property's came in at $430K and $440K.I am not sure where my Seller got his numbers from as far as $430k and $440K.The actual assessments according to the tax records are $237,800.00 and $242,000.00.The Seller wants 650K for both properties combined.

You should be able to, at minimum, build $50,000 equity fairly easily after repairs are done, combined with the record low interest rates and tax benefits its a no brainer.

They use a combination of days on market, offer amount, property condition, and buyer type (OO vs investor).

Or any combination of the above.

I think it is a combination of fear, laziness, and complacency.