What is an escrow? When opening an escrow the Buyer and Seller of a piece of property establish terms and conditions for the transfer of ownership of that property. These terms and conditions are given to a third party known as the escrow holder. The escrow holder has the responsibility of seeing that the termsContinue reading “Home Buyer & Seller Frequently Asked Questions”
The homebuying process looks something like this: Get preapproved for a mortgage, find your dream home and win the bidding war. But before you can move those boxes in and start enjoying your new property, you have one more major step to take: the home inspection.A home inspection isn’t an appraisal. In fact, an inspectionContinue reading “The Ins and Outs of a Home Inspection”
Your mortgage may come with a 15- or 30-year term attached to it, but that doesn’t mean you have to wait that long to pay it off. In fact, if you have the funds (or the will to make it happen), you can actually pay off your mortgage much sooner than that.
Make sure you’re taking advantage of one of the most valuable deductions ever, when selling your house. If you qualify for the exclusion, you may do anything you want with the tax-free proceeds from the sale. You are not required to reinvest the money in another house. But, if you do buy another home, youContinue reading “The $250k/$500k Home Sale Tax Exclusion”
There are significant tax benefits to being a landlord. As a landlord with rental property, you can take numerous tax deductions on your tax return. Surprisingly, many landlords don’t take advantage of all the tax deductions available to them; usually, because they aren’t aware of them, or they don’t think they’re entitled. The list belowContinue reading “Deductions You Should Know As A Landlord”