Tuesday, October 10, 2017 / by Brian Ness
With warm temperatures and long days, Summer has traditionally been the high season for buying and selling real estate. But don't discount these advantages that crop up when temperatures fall.
1. Year-End Breaks
As long as you close on the property on or before Dec. 31, any property tax and mortgage interest paid are tax-deductible for that year. This can dramatically impact the amount of money you owe Uncle Same, or increase your refund.
2. Less Competition
The National Association of Realtors® recently noted that, in an average year, nearly half of all home sales occur from May to August. Although most people
wait until the hustle and bustle of the spring selling season, you'll likely encounter less competition during fall and winter. That means less stress and a reduced chance you'll be involved in a bidding war.
3. Eager Sellers
Sellers become more motivated the longer their home is on the market, especially now that summer rush is over. If a ...
Tuesday, July 25, 2017 / by Brian Ness
Wednesday, February 22, 2017 / by Brian Ness
First-time homebuyers, more than any other demographic, stand to benefit the most in today's real estate market.
In fact, a recent survey commissioned by Move.com reveals that 23 percent of adults plan to purchase a home in the next five years and that more than half of them (53.5 percent) will be first-time homebuyers.
Consider that every time a renter buys a home, they make possible a chain reaction of transactions worth many times more than the actual value of the home they purchase. Because first-time homebuyers aren't selling properties, they don't put new homes on the market when they buy. As a result, first-time homebuyers reduce real estate inventories and allow existing owners to trade-up or relocate.
The growing number of first-time homebuyers suggests that conditions are finally attracting buyers back despite the critical picture in the overall economy.
In the past, high prices and large down payments made buying a home for the first-time difficult. The right mix of attr ...