Category: Real Estate Items of value

If I’d Known…

We’ve probably all said or at least thought “if I knew then, what I know now, I would have done things differently.” We should have stayed in school longer. We should have listened to our parents. We should have bought Apple stock in 2002 for $8.50 that sells for $400 today. Or we could have […]

Wednesday July 12th, 2017 in Real Estate Items of value | Comments Off on If I’d Known…

Family & Friends Mortgage

Anytime a lender and borrower can agree on rates and terms, it can be a good match but IRS has specific rules that govern the transaction especially when the parties are family or friends. The loan must be done in a business-like manner with a written note specifying the loan amount, interest rate, term and […]

Tuesday July 11th, 2017 in Real Estate Items of value | Comments Off on Family & Friends Mortgage

Retirement Without a Mortgage –

Planning for retirement is obviously important and many times, an activity plagued by procrastination. Some people plan to have their home paid for by that magical date so they won’t have payments after they retire. It makes sense to eliminate a large recurring expense before they quit working. One strategy would be to be make […]

Wednesday July 5th, 2017 in Real Estate Items of value | Comments Off on Retirement Without a Mortgage –

Down Payment Problem – Are You Sure?

There is increasing difficulty for first-time home buyers to save for their down payment as indicated in the graph. Several factors that contribute to this trend include rising rents, rising home prices, student loan debt and flat wages. Some would-be buyers feel they cannot buy a home today but a large part of those decisions […]

Tuesday July 4th, 2017 in Real Estate Items of value | Comments Off on Down Payment Problem – Are You Sure?

When Rates Go Up

Rising interest rates are great if you are renewing a certificate of deposit but not so much when you’re borrowing money. With interest rates on the rise as well as home prices, housing affordability is a concern for would-be homeowners. A rough rule of thumb is that a person’s or family’s housing should not exceed […]

Wednesday June 28th, 2017 in Real Estate Items of value | Comments Off on When Rates Go Up

Don’t Have a CLUE?

If you haven’t heard of a CLUE report, it has nothing to do with the table game searching for a murderer. It is a report showing the insurance claims on your home and car for the past five to seven years. This database is used by insurance companies to evaluate risks and determine rates. C.L.U.E. […]

Tuesday June 27th, 2017 in Real Estate Items of value | Comments Off on Don’t Have a CLUE?

Debt Relief = Income –

Many times a homeowner might feel relieved being out from under the obligation of a mortgage they can’t afford even though the property was lost due to foreclosure or short sale. If a lender cancels or forgives debt, a taxpayer must include the cancelled amount in their income for tax purposes depending on the circumstances. […]

Wednesday June 21st, 2017 in Real Estate Items of value | Comments Off on Debt Relief = Income –

Emergency Kit for the Car

Mickey Mantle said “If I knew I was going to live this long, I’d have taken better care of myself.” Similarly, if people planning their summer travel knew they were going to have an emergency, they would have the right things available. Only 5% of drivers carry all recommended emergency supplies in their cars. The […]

Tuesday June 20th, 2017 in Real Estate Items of value | Comments Off on Emergency Kit for the Car

Get Your Offer Accepted –

Inventory is dramatically shrinking and it is commonplace in many markets to have multiple offers on a home. While the sellers would prefer to be able to choose the best offer for them, it can be incredibly frustrating for the buyers who might consider the following tips to get their offer accepted. 1. Remove the […]

Wednesday June 14th, 2017 in Real Estate Items of value | Comments Off on Get Your Offer Accepted –

What Can You Expect?

Businesses must treat customers fairly if they expect to do business with them again or get recommendations to their friends. Customers of stores like Nordstrom’s understand that a salesperson is an employee and represents the company. The line becomes less clear in some industries, especially ones that involve real estate. Agency is a legal relationship […]

Tuesday June 13th, 2017 in Real Estate Items of value | Comments Off on What Can You Expect?