What are everybody's thoughts related to the Baby Boomer retirement period we are currently in, and its affect on the real estate market?

We took it with all the stuff, was able to close in 3 weeks and promised not to nickel and dime the sellers during inspection period.

The other, does not allow for that even if the contract is cancelled for up to a specific period that is outlined in the contract.

@Carlos Castañon Look for properties that have been on the market for extended periods.

Some have a grace period then fees thereafter for a predetermined period.

Interest only payment periods? 

NYC allows for a reduction in real estate taxes through the STAR programhttps://www.tax.ny.gov/star/Visit the above link for further details.You may also get a reduction in property taxes for a period of time if you purchase a new construction.Let me know if I answered your question.

In my state of SC you get your money back plus interest or a deed shows up in the mailbox after the 12 month redemption period has run out.

Dominic -I run a design build business; I've been where you are... having books that are weeks to months out of date is horrible and can spell disaster as you make decisions based on bad and untimely data.What we've done, after years of trial and error and tons of money lost on bad solutions, is the following -* Off set accountant who does monthly reconciliations and statements, year-end taxes (We run on basis of completion, which I recommend you switch to immediately)* Off site book keeper who does day to day data entry* Quickbooks on a server on the internet so everyone can log in remotely* Paychex handling weekly payrollDon't pay an accountant to do your data entry, it's usually way too expensive and not necessary... don't pay your data entry person to do your monthly reconciliations and statements (They don't know enough, typically).

The one-year time period will allow us to minimize the holding costs and, if I understand correctly, avoid the capital gains tax.Thanks in advance!