Contrary to popular belief, there are pros to renting vs. home ownership. Proponents of renting value the flexibility it offers – especially for short term stays. Renting also ensures that unforeseen home repairs won’t derail your savings.
While most understand the long-term benefits of home ownership, it may feel out of reach due to massive cash down payments and the added expense of maintaining a home. Those who can’t qualify for financing due to a lack of savings, other debts, or poor credit simply have no other choice. Since renting does not provide the opportunity for generating wealth like home ownership does, many encourage renters to jump off the merry-go-round as quickly as they can. We take a more balanced approach. Before you renew your lease, ask these 5 questions to see if home ownership could be in your future.
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You can reduce your monthly mortgage payment in several ways that remain mostly unknown to homeowners. Today, we change that by sharing the insider scoop and best-kept secrets the lending establishments and tax authorities don’t want you to know. In just five minutes, you'll be armed with the needed know-how to start saving money every month!
The top benefits of owning real estate include generating investment income, providing a stable housing solution, and owning an appreciating asset that builds wealth for retirement. However, many fringe benefits come along with property ownership, and tax benefits are some that many underestimate or simply overlook.
Before you file this year, homeowners, farmers, investors, and landowners should be aware of all the tax benefits that your property provides this tax season. And if you don’t yet own a home but plan to, make sure you speak with a trusted advisor before you file to understand how lenders view your income when it’s time to borrow - especially if you are self-employed. You may do a double-take before claiming a bunch of write-offs. Here are 8 questions property owners should ask before hitting submit. You dream of home ownership, but the down payment requirement dashes those hopes. I mean, who has tens of thousands of dollars sitting around? Many mistakenly believe they need an impossible 20% down payment to put toward buying a home. But the reality is homeownership can come at little or no up-front cost through down payment assistance programs.
It was recently reported that over 2,000 buyer assistance programs exist in the U.S. – the average benefit between $10,000 and $12,000. Yet many of the home buyers I’ve worked with didn’t know these existed or how to access them. In fact, a recent survey suggested that less than half of non-homeowners are aware of any down payment assistance. So here are the basics on these programs as well as 3 easy steps to see if you qualify! Even if selling is a long way off, it is important to know the factors that reduce or raise your property’s fair market value. Your home’s value is a key factor in determining how much equity you cash out when it’s time to sell. Your equity cash out is a key factor in determining how much house you can buy the next go around.
While some factors are outside your control, making sound decisions on the ones you can control helps the chips fall in your favor when it is time to sell. With your financial and future home prospects riding on your property value, here are six things all homeowners should know affect property values. If you are thinking of buying a home, the 2023 housing market promises to be especially challenging to navigate. Here are 3 reasons why, and how you should respond.
The 2023 real estate market is eclipsed by higher interest rates, strong home values and swirling fears over economic uncertainty. Savvy consumers watching national trends and headlines question if it’s time to buy…or time to wait.
Here are 4 questions to ask to help you decipher if 2023 is your year. Do you fear a 2008 housing crash is looming in the wake of high home values and wild appreciation trends nationwide? Are you asking “should I wait to buy”? A reasonable question since I don’t know anyone who wants to buy at the worst possible time!
Let me give some context to what actually happened in 2008 and the factors that make 2022 different. Its important to remove unfounded fears and misguided comparisons that can cost you poor real estate decisions. Likewise, it's important to understand your personal risk tolerance, financial situation and personal circumstances. So what exactly happened in 2008? Monday, April 18th is Tax Day - the final day to file your 2022 taxes. If you’ve waited until the last minute or plan to file an extension, don’t forget that owning a home may provide some housing-related benefits. Keep these 4 tips in mind before you hit send.
Here are 4 potential benefits of diversifying your investment portfolio – small or large – into real estate.
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MoreOwning real estate should be a journey of building & preserving wealth through the equity in your home or other properties. Our resources are designed to give current and would-be homeowners tips & trick to maintain, improve & shop for their greatest asset. Your search for value in real estate stops here. Archives
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