You may be considering transferring the title of your Northern Virginia real estate to an adult child or another person as a gift. Or you may have made stipulations for its transfer in your will. The two situations may be treated differently by the IRS and can have significant tax implications.
Home buyers, here’s yet another great way to save money on your purchase of Northern Virginia real estate: Assume an existing FHA or VA loan. The recent low interest rates on FHA and VA loans make assumption an attractive choice for many buyers who meet the qualifications.
Home Security – Summer Safety Reminders
Whether you are a renter or an owner of Northern Virginia real estate, home is a place that we all would like to feel safe and secure. Unfortunately, we cannot become complacent with our home safety habits, because burglars are especially active during the summer months, when many people vacation and leave their homes unoccupied.
All good real estate agents showing buyers homes for sale in Northern Virginia will agree that the benefits of having a lender’s pre-approval are undeniable. It is good for everyone involved in the home buying process; buyers, sellers and agents.
This month’s issue of ‘Healthy Wealthy and Wise’ is now available. My Free Consumer Newsletter is loaded with useful Consumer & Health Tips, Wild Trivia, Funny Jokes, Entertainment, Quotes, and a bit of Money Saving ‘Insider’ advice from my Real Estate Radio Show!
Whether you are looking to buy Northern Virginia real estate, or are refinancing, it is worth it to consider entering a 15 year mortgage over a 30 year one. If you can handle payments, which will be a bit higher, you’ll enjoy the lower interest rate and faster equity accumulation. Take the example in the […]
“Anyone may arrange his affairs so that his taxes shall be as low as possible…for nobody owes any public duty to pay more than the law demands.” Judge Learned Hand This quotation by the well-known federal court Judge Hand refers to federal income tax, but the same opinion can be applied to any tax including […]
I am always on the lookout to help owners of northern Virginia real estate benefit as much as possible from their home investment. Did you know that you can rent out part or your entire home and not have to declare that rental income? You as a homeowner can benefit from a little known provision […]
Here is another easy way we can save money as homeowners of northern Virginia real estate: automatic thermostats.
In this age of technology and the prevalence of personal computers, everyone has either experienced or knows of someone who has lost their data from a crashed hard drive, an accident or a burglary. For those who had created a backup, this data loss was more inconvenient than critical. We all know of the importance of backing up important information.
