Even if you have a property lost due to foreclosure or short sale and you might feel relief from being out from under your mortgage obligation, the cancelled amount must be included in your income tax reporting depending on circumstances.
Selecting the right color paint for your walls Do you own Fairfax VA Real Estate? Does your home need a facelift? Painting is one of the easiest and most inexpensive ways to add new life to the rooms in your home. It sounds easy – go to the paint store, pick out a sample […]
The term Fiscal Cliff has become a commonly used term, but most of us don’t know what it means and how it applies to Real Estate. Simply, it refers to sweeping tax cuts enacted a decade ago that were set to expire at year’s end. For real estate, it had the potential to derail the recovery that’s been slowly taking hold. Foreclosures would rise and home values would drop.
The uncertainty of what would happen if the Fiscal Cliff bill did not pass, had potential home buyers and sellers holding back on making a transaction
But, the recent legislation passed by Congress and signed by the President, makes Northern Virginia Real Estate a good investment.
If you have been shopping for Fairfax, Va real estate recently, you may notice prices are rising again, and competition for homes has started heating up. A “sellers market” may be where you find yourself as a buyer if you are looking at homes for sale in Northern Virginia.
As the market shifts from a buyer’s market, it’s good to know how to improve your chances to have the seller accept your offer. The secret to finding the best home at the best price is knowing how to present your offer in this changing market.
Do you know the pros and cons of having a home warranty? It’s common for sellers to offer home warranties on their properties, and buyers might find it an incentive. But a growing number of owners of Fairfax, VA real estate and Vienna, VA real estate are purchasing home warranties without even being in a real estate transaction. Some have seen that the home warranty service agreement can limit the unexpected expenses of repairs and replacements of the home you intend to live in for awhile.
There are many owners of Fairfax, Va real estate who are concerned right now about how to afford one of the larger price tags of parenthood: funding your child’s college education. As homeowners, we have a lot of things to save for and invest in, but not always enough discretionary income after the family essentials have been met. In almost any economy, wise real estate investors have an interesting option…
How to Invest as You Age