Taxes, property tax deductions ,caps on interest and steadily creeping up interest rates!!!Reasons enough that could slowly but surely bring the Real Estate in smaller sub-markets , like Palm Springs, to a near stop! Interest rates-for 30 years loans-before and now Before! Interest rates a few years ago were at their all time low! It was not unusual to see rates in their...
What are the important things before we even start house-hunting , how to prepare before we even start house-hunting and what to expect and do or rather not do! Know that there’s no “right” time to buy. If you find the perfect home now, don’t risk losing it because you’re trying to guess where the housing market and interest rates are going. Those factors usually...
REALTORS® aren’t just agents. They subscribe to strict code of ethics. This is the REAL-TOR® difference for home buyers: An expert guide. Selling a home usually requires dozens of forms, reports, disclosures, and other technical documents. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes. Also, there’s a lot of jargon involved, so you want to...
Credit scores -CS- play a big role in determining whether you’ll qualify for a loan and what your loan terms will be. So, keep your cred.score high by doing the following: Check for errors in your credit report. Thanks to an act of Congress, you can download one free credit report each year at annualcreditreport.com. If you find any errors, correct them immediately. Pay down credit card...
Tax benefits The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, and some of the costs involved in buying a home. Appreciation Historically, real estate has had a long-term, stable growth in value. In fact, median single-family existing-home sale prices have increased on average 5.2 percent each year from 1972 through 2014, according to the National...
There are many traditional ways to sell your home,from the MLS listings to a sign in the front yard. However, the ease of the Internet and the utility of social media can make it easier than ever to find the right buyer. If you’re getting prepared to put your home on the market and are trying to determine a strategy, here are some ways you can use social media to improve your selling odds. Tweet Out...
The idea of embarking on home renovations may strike many homeowners as an expensive one, but there are plenty of ways that you can easily upgrade your home without spending a lot of money. If you’re looking for improvements that will truly (and frugally) improve the value of your home, here are a few do-it-yourself options you may want to consider. Change The Lighting There are few small fixes that...
There are so many things involved in moving into a new home in a different neighborhood.Many a times it can be easy to forget about the proximity of many nearby amenities. However, if you have children, the local schools available can make-or-break the decision on whether or not to invest in a house. If you’re wondering how you can find out more about the local school, let the following tips be your...
Buying a home is one of the largest investments you will make in your life, and that’s why so many people have longer mortgage amortization periods to pay down the principal. While it may seem appealing to have a longer amortization period, here’s why an extended loan term can end up costing you more and may be less financially beneficial when it comes right down to it. About Mortgage...
Most people do not look forward to tax time, whether they get money back or not, but as a homeowner, there are a lot of things you can do that will help to reduce your taxes and get you a refund. If you’re getting prepared to invest in a home and are wondering how it can benefit you, here are some deductions you’ll want to watch out for. Minimizing Mortgage Interest One of the best benefits of having a...