Buying and Selling

Buying and Selling, Homeownership

How Appreciation and Amortization Benefit Homeowners

Owning a home is not only a place to live but also a valuable asset that can contribute to long-term wealth accumulation. Two key factors that play a vital role in increasing a homeowner’s wealth are appreciation and amortization. Understanding how these factors work can provide homeowners with insights into building substantial financial equity over […]
Buying and Selling, Homeownership

The Dual Forces Building Homeowner’s Wealth

When it comes to wealth accumulation, homeownership offers a unique advantage through the combined forces of appreciation and amortization. These two factors work hand in hand to contribute significantly to a homeowner’s financial journey towards building long-term wealth. Appreciation refers to the increase in the value of a property over time. While real estate markets […]
Buying and Selling

Avoid Taxes by Keeping Track of Improvements

Keeping track of capital improvements to your home can help you avoid taxes later down the road when you sell it. Some homeowners don’t even consider such a thing because they are aware of the capital gain exclusion of up to $500,000 for married homeowners and $250,000 for single filers. Possibly, the gain in a past […]
Buying and Selling

A New Perspective on the Housing Market

The housing market in 2021 and part of 2022 was anything but normal. Mortgage rates were at all time lows and may never reach those levels again. Double-digit appreciation drove prices to new heights. Low inventories fueled by high buyer demand made multiple offers a normal expectation. As we look at the market snapshots provided by MLS in […]

Buying and Selling How Appreciation and Amortization Benefit Homeowners Owning a home is not only a place to live but also a valuable asset that can contribute to long-term wealth accumulation. Two key factors that play a vital role in increasing a homeowner’s wealth are appreciation and amortization. Understanding how these factors work can provide homeowners with insights into building substantial financial equity over […]

Buying and Selling The Dual Forces Building Homeowner’s Wealth When it comes to wealth accumulation, homeownership offers a unique advantage through the combined forces of appreciation and amortization. These two factors work hand in hand to contribute significantly to a homeowner’s financial journey towards building long-term wealth. Appreciation refers to the increase in the value of a property over time. While real estate markets […]

Buying and Selling Avoid Taxes by Keeping Track of Improvements Keeping track of capital improvements to your home can help you avoid taxes later down the road when you sell it. Some homeowners don’t even consider such a thing because they are aware of the capital gain exclusion of up to $500,000 for married homeowners and $250,000 for single filers. Possibly, the gain in a past […]

Buying and Selling A New Perspective on the Housing Market The housing market in 2021 and part of 2022 was anything but normal. Mortgage rates were at all time lows and may never reach those levels again. Double-digit appreciation drove prices to new heights. Low inventories fueled by high buyer demand made multiple offers a normal expectation. As we look at the market snapshots provided by MLS in […]

Buying and Selling Bergen County 1 family and condo/co-op stats 2022 vs 2021 from NJMLS

Buying and Selling Negotiating Your Position The seller wants the most for their home and the buyer wants to pay the least possible. From the very beginning of the homebuying process, there are adversarial positions between the principals. If you happen to be in a multi-offer situation, it just complicates things further. Then, there are the emotions that tend to cloud the decision […]

Buying and Selling Moving Down in an Up Market

Buying and Selling Buy Before You Sell

Buying and Selling Today is a Skills Market In today’s ultra-competitive real estate market where there is only 1.7 months supply of inventory compared to 6 months in a balanced market, and the average home is getting 4.8 offers per sale, it is more important than ever to have the right person “champion” your cause. In the Middle Ages, it became customary for […]