When it comes to real estate, there are some rules of thumb that have been passed down through the ages. Even a layman could spout off a list of real estate truisms (location, location, location, for instance) without having ever been involved with any kind of transaction. However, do all of these old standbys still stand up in today’s market? Which tips should you take and which should have been thrown out with your acid-wash jeans? It’s time to brush up on what you thought you knew about real estate. (more…)
It’s tax filing time! And if you’re like the majority of U.S. citizens, you’re looking to squeeze out every last credit imaginable in order to get the biggest tax refund you can. We’ve been talking a lot lately about the homebuyers’ tax credit, but what other home expenses are eligible to write off when filing your taxes? Read on to find out what else you can write off this year. (more…)
The cost of a government-guaranteed mortgage for U.S. homebuyers will be increasing from 1.75 percent to 2.25 percent, as reported today by Bloomberg. The Federal Housing Administration is raising insurance rates and tightening credit scores in an attempt to combat the current 14 percent delinquincy rate.
FHA Commissioner David H. Stevens calls this a “necessary move,” while pointing out that officals are seeking to ensure that “the changes that we implement do not overly disrupt housing finance markets at a most critical time in this economic recovery.”
To learn more about the issue, and what this may mean for you, click here.
It seems like just yesterday we heard news of the extended and expanded homebuyers’ tax credit, and yet we are already approaching the deadline in less than 100 days.
If you’ve been thinking about purchasing a home, stop thinking and act now! To benefit from the tax credit, you must have your new home under contract by April 30th, and the transaction must close within 60 days after that date.
Read more to see why you should act now to benefit from the tax credit: (more…)
As if all that snow outside wasn’t an outright tipoff, winter is in full swing! While your house may be buried by the fluffy white stuff, you still need to keep the interior maintained throughout winter. This is a great time to concentrate on what needs to be taken care of inside your home, while you’re stuck inside and off the slick roads. Keep yourself busy this cold, snowy weekend with these wintertime interior home maintenance projects – and treat yourself to some sweet hot chocolate after! (more…)