Blog

    • Second Guessing Price

      Imagine a homeowner consulting with their agent about the price to place on their home. The agent suggests that the market data indicates that $200,000 to 210,000 would produce a quick sale by pricing it properly. The owner puts a $210,000 price on the home. The first person who looks at the home offers $205,000. … Continue reading Second Guessing Price
      Written by Carla Higgins
    • A Home for Tomorrow

      As people near or enter retirement, one of the decisions that typically comes up is whether to sell their “big” home and buy a smaller one. If you know anyone who has been faced with that situation, selling one home and buying a smaller one may not save enough money to make it worthwhile. There … Continue reading A Home for Tomorrow
      Written by Carla Higgins
    • Overlooked Recordkeeping

      Homeowners are familiar that they can deduct the interest and property taxes from their income tax returns. They also understand that there is a substantial capital gains exclusion for qualified sales of up to $250,000 if single and $500,000 for married filing jointly. However, ongoing recordkeeping tends to be overlooked. New homeowners should get in … Continue reading Overlooked Recordkeeping
      Written by Carla Higgins
    • Costs More – Takes Longer

      The one experience that homeowners can agree upon after completing a remodeling project is that it costs more and takes longer than expected. It doesn’t really matter that you researched, planned, and received multiple bids, it will, invariably, cost more and take longer than you originally anticipated. Replacing floorcovering or painting is a project that … Continue reading Costs More – Takes Longer
      Written by Carla Higgins
    • Waiting Will Cost More

      With the first quarter of 2018 in the books, the 30-year fixed rate mortgage is nearing what Freddie Mac predicted it would be in the second quarter. If this pace continues, rates will exceed the five percent mark expected by the end of the year. The Fed has had its first of an expected three … Continue reading Waiting Will Cost More
      Written by Carla Higgins
    • FHA Advantages

      The Federal Housing Administration, operating under HUD, offers affordable mortgages for tens of thousands of buyers who may not qualify for other types of programs. They are popular with both first-time and repeat buyers. The 3.5% down payment is an attractive feature but there are other advantages: More tolerant for credit challenges than conventional mortgages. … Continue reading FHA Advantages
      Written by Carla Higgins
    • Standard or Itemized

      Taxpayers can decide each year whether to take the standard deduction or their itemized deductions when filing their personal income tax returns. Roughly, 75% of households with more than $75,000 income and most homeowners itemize their deductions. Beginning in 2018, the standard deduction, available to all taxpayers, regardless of whether they own a home, is … Continue reading Standard or Itemized
      Written by Carla Higgins