Tax season is upon us and if you have a pending or recent home sale, you'll surely want to know: what income taxes will you have to pay on the sale? The amount of taxes you'll be responsible for depends on the length of time you've spent in the home. If your family resided in [...]
Why You Should Hire A Professional When Buying A Home! Posted: 27 Oct 2015 04:00 AM PDT Many people wonder whether they should hire a real estate professional to assist them in buying their dream home or if they should first try to go it on their own. In today’s market: you need an experienced [...]
2016: Homeowner’s Net Worth Will Be 45x Greater Than a Renter Posted: 26 Oct 2015 04:00 AM PDT Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth [...]
How Do Homeowners Accumulate Wealth? The differences between buying and renting are massive. According to the Federal Reserve, a typical homeowner’s net worth was $195,400, while that of renter’s was $5,400. The data reflects 2013 and the next survey of household finances, which is conducted every three years, will be out in 2016. Based on [...]
Buying A Home Can Be SCARY… Until You Know The FACTS! [INFOGRAPHIC] Posted: 23 Oct 2015 04:00 AM PDT Some Highlights: 36% of Americans think they need a 20% down payment to buy a home. 44% of Millennials who purchased a home this year have put down less than 10%. 71% of loan applications were [...]
Family Wealth Grows as Home Equity Builds Posted: 21 Oct 2015 04:00 AM PDT With residential real estate values rising quite substantially in most parts of the country over the last few years, many homeowners are seeing a major increase in their family’s wealth as equity continues to build in their house. A recent study [...]
Here Come the Millennials!! Posted: 22 Oct 2015 04:00 AM PDT Many have been wondering when the much anticipated move by Millennials’ into homeownership would actually take place. We know the belief in owning a home is there. According to a recent Merrill Lynch study, eighty one percent of Millennials believe“homeownership is an important part [...]
Applying For A Mortgage: Why So Much Paperwork? Posted: 20 Oct 2015 04:00 AM PDT We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources [...]
Buying a Home Remains 35% Less Expensive than Renting! Posted: 19 Oct 2015 04:00 AM PDT In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States. The updated numbers actually show that the [...]
Where Will Home Prices Be Next Year? [INFOGRAPHIC] Posted: 16 Oct 2015 04:00 AM PDT Some interesting facts: 25 states are forecasted to achieve higher levels of appreciation in the next 12 months than already achieved in the last year. 25 state and the District of Columbia are forecasted to experience a slow in appreciation. [...]