Billy

Owning a home comes with benefits in the form of tax credits and tax deductibles. It is important to consult a tax professional regarding these tax benefits for homeowners. Tax credits for homeowners: https://www.irs.gov/newsroom/get-credit-for-making-a-home-energy-efficient https://www.irs.gov/forms-pubs/about-form-5695-residential-energy-credits https://www.energystar.gov/about/federal_tax_credits/solar_energy_systems Tax deductibles for homeowners: https://www.irs.gov/credits-deductions/individuals/deducting-home-mortgage-interest-at-a-glance https://www.irs.gov/help/ita/can-i-deduct-my-mortgage-related-expenses https://www.irs.gov/pub/irs-pdf/p936.pdf Overall tax credits and tax deductibles available Read more…

It is possible when you come across a house that is in contract and still make a bid on it because some sellers may consider having back up options if the original buyer has many contingencies on the contract which prevents them from completing the deal. For example, the buyer Read more…

The most that anyone could hope for is an educated guess of where the real estate market sentiment is heading. If anyone could predict the actual future price movements, they would buy all the inventory and keep it for themselves. Real estate agents look at the number of listings month Read more…

Real estate agents have full access to MLS information that is not available to the general public. Agents can see a home’s offers and offers that fell through, plus a complete listing history with different brokers even if the public MLS information only indicates that the home is newly listed. Read more…

One can wait for a real estate market reversal if you are not in a rush. However, trying to time the real estate market is difficult for anyone from amateurs to professionals. How many home buyers got caught up in the real estate investing frenzy before the 2008 financial crisis? Read more…

A newly renovated house by an owner that has never lived in it, may not always retain a high value. It is important to inspect a house completed purely for flipping more closely than a home that was the seller’s primary residence because the flipper makes money on building with Read more…