When you buy into a new construction, it is recommended to verify the reputations of the builders and developers. Some builders go above and beyond in terms of delivering a very high quality product and have completed many projects; their names are trusted among real estate professionals and home owners. Read more
When a house is a fixer upper, people start thinking complete tear down and rebuilding from the ground up to resell at a profit. Unless you are already a contractor or in the contracting business, it is not recommended to take on such a big undertaking as your first starter Read more
After you signed the purchase contract, now is the time to get your mortgage or complete the pre-approved mortgage. The purchase contract will generally include a contingency rider that gives you time to get a mortgage loan. In addition to all the financial documents that a lender will require from Read more
When you buy a home, the money that goes toward a mortgage is building equity in the long run. With a good chance for real estate property to appreciate, the home value may be worth more than the money you put in over the years. Paying off the principal of Read more
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
These co-op buyer’s closing cost estimates provide an idea of how much additional funds are needed at the actual closing. The buyer’s attorney will provide a worksheet with numbers closer to the actual cost prior to the closing of the co-op unit. Learn how a buyer rebate can help offset Read more
Paying points (for a lower interest percentage) upfront on a mortgage can lower the total cost of the life of the loan. The points could be a few thousand dollars upfront. As an added bonus, points are tax deductible. Add up the monthly payments plus the cost of the points Read more
If it is not too much trouble, some real estate professionals recommend requesting a lender for multiple pre-approval letters with different price ranges. The goal is to use it for negotiating with the seller where your pre-approval letter amount matches your bid amount to make it difficult for the seller 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
We give buyer rebates because our goal is to pass the savings back to clients. We operate at a low overhead due to the technology advances that the real estate industry has made over the years. Searching for homes is as easy as tapping on a smartphone, and eases much Read more