Buying Helping buyers make sense of upcoming changes Upcoming changes in real estate transactions are imminent following the resolution of significant class action lawsuits involving sellers and the National Association of REALTORS� along with numerous leading real estate firms nationwide. These changes will have implications for sellers, buyers, and agents alike. There has been a lot of news coverage in the past few […]
Uncategorized Homeowner Strategies to Minimize Gain & Maximize Proceeds The gain on the sale of your home is determined by the price you sell the home, less selling expenses, less the price you paid for it, plus the capital improvements made during the time you owned the property. IRS and accounting use the term “basis” to describe your cost in the home. It is […]
Uncategorized How to change a second home to a primary home & why The tax benefits of owning both a first and second home can be significant, with the IRS allowing taxpayers to deduct interest and property taxes on both properties as itemized deductions on their tax returns, albeit with certain limitations. Interest deductions are limited to the amount of debt incurred to buy, build, or improve the […]
Uncategorized Living the Dream: The Value of Homeownership Owning a home has long been considered a fundamental part of the American dream. It represents far more than just having a place to live—it embodies values, aspirations, and a sense of security. Here’s why homeownership is widely regarded as a key component of the American dream: Stability and Roots: Owning a home provides a […]
Uncategorized How to get a lower rate and a lower price Are you in the market for a new home and wondering which mortgage option is right for you? While the world of home financing offers a surplus of choices, one option often overlooked is the Adjustable Rate Mortgage, or ARM. If you’re in a market where interest rates are trending lower, an ARM could be […]
Uncategorized Home selling strategies for downsizing seniors Downsizing can be a significant life transition for any age person, but especially for seniors who may have lived in this last home for some time. Follow these suggestions to make the downsizing process smoother and less stressful. Start Early: Begin the downsizing process well in advance of your planned move. Give yourself plenty of […]
Uncategorized Should You Install Artificial Turf in Your Yard? Who wouldn’t want to reside in a beautiful neighborhood adorned with meticulously manicured lawns? While some homeowners relish the thought of working on their yards, others may not share the same enthusiasm. If you’ve ever contemplated the idea of installing artificial turf, also known as fake grass, as a part of your landscape, it’s essential […]
Uncategorized Transform your home into a showstopper with the power of staging! Imagine looking around your home and wondering how you can make it shine during those crucial showings. The answer is simple: staging! It’s a powerful tool that can transform your property and raise its appeal. Your online listing photos serve as the initial showcase for potential buyers. Staging plays a crucial role in enhancing these […]
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Buying Discovering Tax Credits That Enhance Homeowner Benefits Owning a home not only provides a sense of stability and pride but also opens doors to potential tax benefits. As a homeowner, understanding tax credits can significantly impact your financial well-being. Let’s delve into some key tax credits and deductions available to homeowners and how they can help you maximize savings. If you’ve made […]
Buying Building a Case for Homeownership Today! Over the last 60 years, the average sales price of homes has appreciated at a rate of 5.56% annually, according to the Federal Reserve Economic Data. During the same period, rent has increased at a rate of 3.88% annually which presents a compelling argument in favor of homeownership. When the figures are analyzed, it becomes […]
Buying and Selling Making Sense of Home Improvements: What Adds Value? Before diving into renovation projects, it’s important to understand which upgrades are likely to boost your home’s value and which ones may not yield a significant return on investment. While certain improvements can enhance your home’s appeal and attract potential buyers, others may fall short of expectations. It’s prudent to explore examples of home improvements […]
Homeownership Bridging Wealth Gaps: Homeownership’s Stand Against Inflation When exploring the benefits of homeownership, it’s more than just having a place to call your own. Among its many advantages, homeownership stands as a formidable safeguard against inflation and a strong vehicle for long-term wealth accumulation. This article will delve into the dynamics of appreciation and amortization, explaining why owning a home can be […]
Homeownership Baby Boomers’ Wave to Downsize As the first groups of baby boomers gracefully rides the wave of aging, they are setting new trends in the housing market, giving birth to what experts fondly refer to as the “Silver Tsunami.” This phenomenon is not merely about a change in address; it’s a lifestyle transformation tailored to meet the unique needs of […]
Selling Keep more profits from home sales n recent years, home values have soared, presenting an opportunity for homeowners with substantial equity to consider a unique tax benefit. Section 121 in the IRS code allows for homeowners who meet certain requirements to exclude up to $500,000 of capital gain on the sale of their principal residence. Single or married taxpayers filing separately […]
Selling Smart Home Tech: Is It Real Property or Personal Belongings in a Home Sale? Many of today’s homeowners have accumulated multiple high-tech “smart” devices to make their home more convenient, economical, and fun to operate. When they decide to sell the home, they need to make the listing agent completely aware of whether they will be included in the sale of the home. Some of these things easily meet […]
Buying Leverage your home’s equity into rental property There can be many reasons homeowners aspire to have their home paid for. They can include no mortgage payments, financial security, debt reduction, lower expenses, retirement planning, financial freedom, legacy planning, no risk of foreclosure, and reduced stress, just to name a few. All those things have a cost attached to them which is the […]
Selling Post – Adapting to Life’s New Chapters All of us encounter major life events and they have the possibility of disrupting our lives temporarily, if not permanently. The homes we live in may have met our needs originally but due to a change in our life, it may no longer be adequate or the best fit for us, which will require a […]
Uncategorized House-Hacking your way to multi-unit rentals House-hacking refers to buying a multifamily property on an owner-occupied mortgage, living in one unit and renting the others. If you’re thinking about becoming a rental mogul, starting early is an advantage. Not only will you have longer to accumulate a larger portfolio, but you can also increase the leverage on the first owner-occupied acquisitions. […]
Uncategorized Marketing Job – The relationship between homeownership and net worth During the span between 2019 and 2022, the COVID-19 pandemic significantly disrupted both society and economic activities. Nevertheless, the latest Survey of Consumer Finance, which has recently been unveiled, highlights widespread enhancements in the financial well-being of American families during this timeframe, especially concerning their net worth. The median net worth of homeowners increased 37%, […]
Buying Understanding Credit Life Insurance for Home Buyers Credit life insurance is a specialized type of insurance designed to provide financial protection for borrowers and their families in the event of the borrower’s untimely death. This insurance is often associated with loans, including mortgages, and is specifically tied to the outstanding balance of the loan. In the case of a home purchase, credit […]