If you're thinking about putting the house on the market, or are simply curious about its value in the current economic atmosphere, it's essential to get an honest assessment of its value. An overly inflated figure won't hold up and will only turn potential buyers away. It's best to get a fair assessment in order to ask a reasonable price or avoid over-extending oneself when it comes to taking out a home equity loan. Consider these three key tips to get a true assessment of a home's value. Identify Positive Features About The Home And Property When seeking an appraisal for a home, it's … [Read more...]
It Is Tax Time Again Learn About Tax Deductions and How to Write off Your Home Mortgage Interest
Much to the frustration of taxpayers all over the country, the tax-filing season begins in January and runs through April 15 of each year. The year 2020 brought us many changes, including an extension on filing taxes. Taxes this year are due on July 15th. Are you ready? As the current tax season approaches, it presents an opportunity to help tax-payers clarify their responsibilities and remind them of certain important tax deductions that may be available. Filing Responsibilities Every person in the United States is required to file their tax returns by July 15 so long as they have some form … [Read more...]
Experiencing ‘Purchase Anxiety’? How to Calm Your Nerves Before Committing to Buy a New Home
Whether this is your first big purchase, or your family is moving to a new location or looking for more space, buying a home has its share of ups and downs. It's perfectly normal to feel anxious about whether or not you've found the right property. Here are some things you can do to make yourself feel more secure with your decision. Do The Math You've probably already done this, but it's okay to go over it a number of times to be sure. Factor in your household income and all the bills you expect to pay every month. Add everything up. It sounds like a stressful activity, but when you look at … [Read more...]
4 Ways To Choose The Right Home Service Professional
As a homeowner, there are numerous situations in which someone might need a home service professional. On the other hand, this can also create a sense of vulnerability because people might not know who to choose. In order to find the right home service professional, there are a few tips that people need to follow. Confirm Credentials Credentials and experience are great markers of a home service professional’s training and track record; however, it is still important to confirm these credentials. Be sure to ask the contractor for references regarding his or her prior work. Then, take the … [Read more...]
What’s Ahead For Mortgage Rates This Week – July 6, 2020
Last week’s scheduled economic reports included readings on pending home sales, Case-Shiller Home Price Indices, and labor sector reports on private and public-sector job growth. Data on construction spending was also released. Weekly readings on mortgage rates and jobless claims were also released. Pending Home Sales Jump in May Sales of homes for which purchase contracts were signed rose by 44.30 percent in May and was the highest month-to-month increase recorded since the report’s inception in 2001..Pending home sales are sales with signed purchase contracts but aren’t … [Read more...]
