Buying

Information that would be useful or intreresting for those buying real estate.

Found 80 blog entries about Buying.

There are several tax benefits of buying a home.

Interest

The first benefit is that all of the interest that you pay on the mortgage will be considered a deductible. This is as long as the mortgage that you have on the home is not over $750,000. The deduction is simple to do no matter if you are doing your taxes yourself or having a professional to do them. Plus, you are going to be able to include the interest that you paid as part of the closing of your home. All of this will be found on the settlement sheet.

Property taxes

The second benefit is some of the money that you have paid on your property taxes are also deductible on your taxes. At one time, you had the ability to deduct all of your taxes but now based on the new tax laws, you will

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Buying real estate involves more than just finding an available house or plot of land. Most buyers simply find what they want, make an offer, and go from there. But it’s wise to do a land survey first before buying a plot of land with or without a house on it. The land survey will reveal important things about the property you need to know.

The Importance of a Land Survey

A land survey tells you exactly what you’re getting. The surveyor will measure property boundaries to make sure they’re correct. Otherwise, you could actually get less than what you’re expecting. The surveyor can also determine if nearby driveways, sidewalks, fences, or other structures are on the property.

The survey is also important because someone might have a building or

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Before a buyer chooses a home, there are certain conditions that they should be aware of. Most real estate agents can guide a buyer to a better selection, but if the buyer wants to look for their own home, they should read about the statistics within the neighborhood before moving into a home. Since a buyer is looking to purchase a home, there are additional facts to consider. Some of those facts are:

  • deteriorating houses in the neighborhood
  •  no street lights
  •  no caution lights
  •  no traffic lights
  •  drugs in the neighborhood
  •  no friendly neighbors
  •  increased crime rates
  •  people speeding through the neighborhood
  •   poor lawn service
  •   loud noises

A buyer can usually find statistics about a neighborhood in the local

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There are a lot more options to buying a home than you might think. Prospective buyers will narrow in on amenities and square footage based on the budget at their disposal, but there are plenty of other factors to consider. It can be a truly intimidating task, especially considering the financial investment involved.

That is why we’ve created this guide to help you navigate the pros and cons of two of the most common options for buying a home: building a custom home and buying pre-owned. While the better option will depend on your situation, this guide should help you determine which route will best suit your needs.

Building a Custom House

 

Pros:

The biggest perk of building a custom house is being in control of every detail. You can add

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Taking out a mortgage is one of the biggest expenses most people will make in their lifetime. Even though it is a huge financial responsibility, almost half of new home buyers don't put in the necessary time to compare different lenders to find the best rate.

These days, there are more options to consider than traditional credit unions, banks and mortgage brokers. Many home buyers are turning to the internet to find mortgage lenders. It can be intimidating to think about taking out a huge mortgage from an online lender. Below are some of the pros and cons of using an online mortgage company to take into consideration.

Pros Of Using An Online Mortgage Company

1. Lower Interest Rates Available

One of the main advantages of an online mortgage

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The housing market is doing well at the moment, but lenders still consider a 20-percent down payment as optimal for most would-be home buyers. That said, fewer and fewer Americans have instant access to potentially hundreds of thousands of dollars in liquidity.

In fact, most homeowners have their net worth wrapped predominately in the home itself, which creates something of a quandary for those looking to buy their first home or invest in their dream home.

You might be wondering - How are first-time homeowners able to come up with enough money for a down payment while having money left over for renovations and mortgage payments? There are also property taxes to factor in. Bearing that in mind, there are a lot of ways to come up with more money for

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In today's cut-throat and volatile real estate environment, sellers often find themselves struggling to attract suitable buyers for their properties. We live in a world where the housing market is brought to us at our fingertips, and platforms such as Zillow, Trulia, and Redfin are virtual online shopping catalogs for houses.

In order to attract buyers and sell successfully, one needs to understand and adapt to the fast-changing technology. Although other factors are important, the key to attracting buyers in today's world is making a strong first-time impression.

A strong impression can be efficiently achieved by providing as much visual detail as possible in a given property listing. If your goal is to attract quality buyers and truly showcase the

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A housing bubble, or real estate bubble, is an unsustainable increase in housing prices powered by speculation, heightened demand, and "irrational exuberance."

A housing bubble, like other kinds of economic bubbles, often occurs in the context of predatory lending, poorly thought out mortgages, and lowered interest rates with the Federal Reserve. This very constellation of factors came together to fuel the 2008 Subprime mortgage; subprime mortgages were named such because they were mortgages of lower quality.

What's worse, these subprime mortgages were secured by the big banks leading up to the 2008 housing market collapse. The fact that what otherwise would have been decentralized assets - housing markets are traditionally thought to be

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Metal shipping containers are definitely a popular trend in the tiny house movement. At first glance, a shipping container might seem like the perfect solution for small space living. They are affordable to purchase and are seemingly the complete package with exterior walls, a floor, and a roof. So, what could possibly be the downside? There are a few reasons metal shipping containers are not really as practical as they promise to be. Let’s explore 5 of the disadvantages so that you are properly prepared for this journey.

Transport and Delivery

Shipping containers are quite heavy. Weights can range from 2 to 4 tons. Once you purchase a container you then have to figure out how to get it delivered to your land. You will need to hire a hauling company

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There is no disputing the fact that drone photography produces remarkable images. As a result, it has revolutionized the real estate market, especially when it comes to producing images that are unique. Let’s take a closer look at how drone photography can make your real estate listings stand out.

Provides Broader Views of the Neighborhood

Location is critical in real estate and it will dictate the price of a property. Many potential home buyers want to know everything that can possibly be learned about a neighborhood before purchasing a property. Drone photography enables you to capture broader views of the area where a property is located. This includes parks, schools and other amenities that are nearby. It’s also an incredibly easy way to

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