Helpful Tips for Buyers

H&R Block recently sent an email offer for the H&R Block Tax Calculators from TRex Global since many potential home buyers and renters are not fully aware of the saving when buying a home.  All of the Mortgage Interest and the Property  Tax on the home are a tax deductible expense and can even be deducted monthly instead of April 15th by consulting with their payroll dept.

For instance: a renter paying $1,500 rent monthly will sometimes say they want to buy a house that won't cost more than $1,500 monthly, when a $200,000 home mortgage at  6%, 30 years costs $1,199 monthly and a property tax of $300 monthly, totaling $1,499 monthly, has a annual tax deductible expense of $17,989, which at a 25% tax bracket saves $375 from the monthly cost for a true expense cost of $1,124 monthly.  It also increases the asset in the property by $2,456 the first year and also may appreciate in value..

I consider making payments in your home like making monthly savings payments with the advantage of enjoying the investment in building a nest egg. There is also a "mortgage crunch" at the present time resulting in many Short Sales and Foreclosures that can result in substantial savings.

Common Buyers Mistakes

Too much home, too little home, and waiting for the final word on financing can be easily avoided! More

Buyers Questions

When someone is considering purchasing a new home, the idea of a real estate transaction may seem simple enough at first. In reality, an investment in real property is much more difficult than it may seem. It is always a good idea to utilize the services of Joan Severson when considering an investment in a home. Her 30 years of knowledge as a top producer in real estate can be a great advantage.

Buying Vs Renting

When it comes to real estate investments, just as in all aspects of life, there are always going to be people who are comfortable in different positions of life. Many people are very happy as renters and do not wish to have the responsibility of purchasing their own home. Many people have not only a primary residence, but also actively invest in real estate as a secure financial investment and providing much needed housing for the renters. In short, there are good aspects in regards to both renting and purchasing a home.  Most of the richest people in the world made their money in real estate.

Deciding Where to Buy

For whatever reasons, many people are selling their homes every day. Some people are selling because of a job promotion or a new job. Some people are selling because they have new needs for their primary residence. Many of these people are selling their primary homes so that they can purchase a new piece of real estate. Purchasing a new home can be a difficult affair. This is often made worse when the homebuyer does not know the area they are moving to. They must trust someone else's judgment about where is a good place to live, or must they?. More

Ensuring a Smooth Home Purchase

Whether you are a first time homebuyer or a hardened and experienced real estate investor who knows all of the details about  purchasing real property for a investment portfolio, there are steps that should be taken in order to assure the buyer that the home buying experience would be a smooth and uneventful transaction. More

First Step for First Time Buyers

Many people use real estate investments as a means to generate income and provide a viable tax shelter while still providing financial benefits to the investor. The first time home purchaser is more likely to be buying a new house for a primary residence rather than for a real estate investment. While the primary residence is still a major investment in real property, the start to finish method is a little different than it is for the investor. More

Preparing to Buy A Home

Make sure you can commit to remaining in one place for at least a few years. When looking at areas of interest take into consideration your job and commute time, school district, distance from loved ones and any other factors that are important to you. More