The money you spend on your home is treated different when it comes to income tax. When you make necessary repairs to your home to maintain its condition, these repairs are not tax deductible. But any capital improvements you make to your home will increase the base price of the home and add equity. You […]
Bargain shopping. We are all guilty of doing bargain shopping and looking for the best deal. Sometimes even waiting for that 50 percent off sale in our favorite store. Renters should consider being bargain shoppers also. With today’s low mortgage rates, you can buy a $200,000 home with 3.5 percent down on a 4.5 percent […]
Buyers are often interested in working directly with home sellers in an effort to save the commission. Interestingly enough, this is the same reason sellers don’t hire Realtors®. However, both the buyer and the seller cannot save the commission. A home buyer often thinks they have earned the commission by finding a home, checking its […]
Remember your mom saying, “Due unto others as you would have them do unto you?” This rule applies in your search for a home. Being a courteous and sympathetic buyer might be the difference in getting the home you want. People who are familiar with business, like the owner of a store, have expectations when […]
Before deciding if you should purchase a home with cash, think about whether you may have to put a mortgage on the home in the future. Mortgage interest on homes can only be deducted if it is an acquisition debt or an equity debt. If you decide after buying a home to add a mortgage […]
