Home Improvement or Repair?

Posted on Posted in Investments, Real Estate

Homeowners can raise the basis or cost in their home by money spent on capital improvements. The benefit is that it will lower their gain and may save them taxes when they sell their home. Improvements must add value to your home, prolong its useful life or adapt it to new uses. Repairs are routine […]

Opportunity Costs

Posted on Posted in Investments, Real Estate

Sometimes, there are costs associated with not taking a particular action. If a person left their money in a certificate of deposit earning 2% when they could have made an investment that earned 8%, the difference is the opportunity costs associated to not taking action. If a couple has a down payment and good credit, […]

Crafting an Acceptable Offer

Posted on Posted in Negotiations, Real Estate

An agent was presenting a contract to a single, senior woman who was moving into a retirement home. It was a full price offer with reasonable terms and timelines but the seller wouldn’t accept it. When the agent probed deeper, she discovered that the seller was concerned with her dining room table. It had been […]

Seller Safety Plan

Posted on Posted in Real Estate

September is REALTOR® Safety month when special attention is focused on the security of having a home on the market and the concerns for the well-being of owners is a day-to-day effort. The following list may help sellers secure their home and minimize risk. Locks – doors and windows should be locked at all times. […]

Money Down the Drain

Posted on Posted in Mortgages, Real Estate

Private mortgage insurance is necessary for buyers who don’t have or choose not to put 20% or more down payment when they purchase a home. It is required for high loan-to-value mortgages and it provides an opportunity for many people to get into a home who otherwise would not be able. The problem is that […]

Which Furnace Filter to Use?

Posted on Posted in Real Estate

A dirty air filter decreases the effectiveness of your HVAC system because it inhibits airflow and allows dirt, dust, pollen and other materials to blow through the system. The challenge is how often it should be changed to keep the system working efficiently and extend the equipment life. Too often and you’re wasting money and […]