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Category: Real Estate

Cost of Owning a Home Likely to Go Up in 2018

Cost of Owning a Home Likely to Go Up in 2018

Between tax law changes, insurance industry responses to disasters, and fluctuations in the market in general, the finances of owning a home are likely to shift in this new year—and mostly for the worse. Here’s what we’re looking at:  A lower limit has been placed on the amount of mortgage debt a homeowner can deduct interest on—it has gone from $1 million to $750,000. Deducting interest on a home equity loan will be possible only when the loan is used to substantially…

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If Friendly Neighbors Are So Important, Why Not Ask About Them When Buying?

If Friendly Neighbors Are So Important, Why Not Ask About Them When Buying?

An impressive 50% of prospective homebuyers say their top priority when it comes to neighborhood features is having friendly neighbors, says a recent Berkshire Hathaway HomeServices Homeowner Sentiment Survey. This feature ranked higher for survey respondents than school district (at 41%), financial considerations (39%), and perceived investment value (37%). The results reflect well on the common sense of today’s homebuyers. After all, a difficult or hostile neighbor can impact your personal financial considerations (for instance, if you get into a dispute over something like who…

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Put a Marble in Your Pocket Before Attending Open Houses!

Put a Marble in Your Pocket Before Attending Open Houses!

Spring open house season is in full swing, with homes freshened up and blooming with as many colors as you’ll see outdoors. In all the excitement, however, there’s a home defect that’s all too easy to overlook–but requires major work to fix. I’m talking about sloping floors. Just this weekend, I visited a beautiful Arts and Crafts style home from the 1920s, which met most of the marketing copy’s promises of having been “lovingly restored.” But I got a funny,…

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Immigrant Insecurity Leading to Loss of Home Sales Around U.S.

Immigrant Insecurity Leading to Loss of Home Sales Around U.S.

With Donald Trump’s executive orders on immigration having slammed the door on many legal entrants, not to mention the daily news stories about overzealous border officials interrogating upright U.S. citizens whose names they don’t like, it was only a matter of time before the real estate market felt the impact. From Seattle to New York to the San Francisco Bay Area, reports are coming in about immigrants who are ceasing their home search or pulling out of actual purchase contracts. These…

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Selling a House in 2017? What to Consider

Selling a House in 2017? What to Consider

If you’ve already decided that this is your year to sell, you’ve probably been monitoring the housing market and enjoying the steady price appreciation that the last few years have brought to most parts of the United States. That appreciation is projected to continue through 2017—albeit not as dramatically. The National Association of Realtors’ Senior Economist Joe Kirchner says that, “Nationally, home prices are forecast to slow to 3.9 percent growth year over year, from an estimated 4.9 percent in…

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