Being a Good Neighbor

Posted on Posted in Real Estate

A good neighbor might be characterized as someone who’ll look after your home when you’re out of town by picking up your mail and watering your plants. You’d most likely reciprocate for anyone who’d be so generous toward you. In some cases, you might only be able to name one or two of your neighbors […]

Verify with Your Lender

Posted on Posted in Real Estate

If you have a mortgage with an escrow account to pay your property taxes and insurance, you expect the company servicing your loan to pay this year’s taxes this year so that you can deduct them on your 2014 income tax return. After all, your monthly payment includes 1/12 the annual amount so there will […]

Consider an Adjustable Rate

Posted on Posted in Mortgages, Real Estate

fixed rate mortgages as low as they are, most purchasers or owners wanting to refinance might not even consider an adjustable rate loan. The determining factor should be how long the person plans to be in the home and which mortgage will provide the cheapest cost of housing. For instance, if you compare a $300,000, […]

Realize TAX Savings Sooner

Posted on Posted in Real Estate

A homeowner’s tax saving benefit is generally realized when they file their federal income tax return after the money has been spent for the interest and property taxes. Some people look forward to the refund as a means of forced savings but some people need to realize the savings during the year. It is possible […]

Relax…There is an Alternative

Posted on Posted in Investments, Real Estate

Is the stock market keeping you up at night? Are you consuming more antacids than ever before? Are the ups and downs causing more stress than you want or need? There is a simple alternative in rental real estate. Single family homes for rental purposes offer an excellent rate of return in an investment that […]

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. […]