Just about any real estate agent will tell you a quite similar sad story. One that pretty much goes like the following: The seller’s home just hit the market, they received an offer which was less than the list price, and then felt secure enough to counter for a higher amount. For whatever reason, the […]
Many times, it’s been said that more and more money has been lost due to indecisions than was ever lost due to making the wrong decision. In many cases, the larger the decision, more than likely procrastination is going to come into play and allow the act of doing nothing to simply cost something. When […]
Have you inherited a property? There’s an incredible benefit to people who have inherited property, known as “stepped-up basis”. Not only do they receive the property itself, but the basis or cost value of the property becomes the fair market value at the time of the decedent’s death. What does this mean? It avoids the […]
Here’s the question … are you better off, from a financial standpoint, renting or owning your home? Normally, renting a home does have some advantages. It’s a short-term commitment, and your landlord is responsible for all repairs. In most cases nowadays, owning a home can actually mean that your monthly payment would be lower than […]
A variable that helps a lender determine the likelihood of a loan being repaid on a timely basis is your credit score. This plays a large role. Credit bureaus will evaluate your creditworthiness using a FICO score. The higher the FICO score the better the borrower’s credit. A borrower gets charged a mortgage rate based […]
REALTORS® have a prayer: “Dear Lord, if I can’t be someone’s first love or second wife, let me be their third REALTOR®.” When there is a normal real estate market with a balanced supply of buyers and sellers, this describes the preference that it is better to be the third listing agent to help a […]
Will a rental property give you the rate of return you are looking for? My modified annual property operating data may be just what you are looking for. Investors consider different rates of return to determine whether a property will generate the yield they expect. Often the simplest of calculations can tell you whether you […]
You may feel like throwing darts against the wall is a great way to decide if you will move or not. Place sheets of paper on the wall with the words “move” “don’t move” put on a blindfold and throw! Or you could use the process that Benjamin Franklin used. He would evaluate his options […]
When you cook, using “mise en place” means you have all your ingredients cut, measured, peeled, grated, sliced and you have your bowls, utensils, and pans ready to use before you begin the cooking process. This gives you the opportunity to inventory the ingredients and observe if you have everything you need. Using this method, […]
Since May 2019, mortgage rates have been below 4 percent. With historically low-interest rates, you would think homeowners would take advantage and refinance to save money. However, a recent Lending Tree survey said that 49 percent of homeowners say they are considering a mortgage refinance in the next year. The report also estimated that over […]
