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RECENT BLOG POSTS
  There is a little-known provision in the tax code that allows homeowners to rent their principal residence or second home for up to 14 days a year without having to recognize the income.  In this situation, the taxpayer does not deduct the rental expenses associated with the income. There is no...
05/09/2021
  "How long do I have to keep this stuff?" is the usual question you ask yourself when feeling that you are running out of room for all this "paper" that may never be needed.  The paper receipt you get from your fast-food lunch may go directly into the trash.  The prudent consumer may keep it to ...
05/09/2021
            With at least 40% less homes on the market currently than there were a year ago, serious buyers have probably experienced the disappointment of losing a home they wanted to buy from increased competition.  Today's buyers are looking for ways to improve their odds of being the best con...
05/09/2021
  Doing a lot of work to a car before you trade or sell it to a dealer is not generally a good idea.  In most cases, you won't recapture the cost of the repairs.  They can do the repairs for a less than you can.  Not to mention, you are selling to a wholesaler who needs to sell it again to the en...
04/07/2021
  National homeowner equity grew in the fourth quarter of 2020 by $1.5 Trillion or 16.2% year-over-year based on a CoreLogic analysis.  The study was done on the six out of ten homeowners who have mortgages on their home. The fourth quarter of 2020 also saw the number of mortgaged residential hom...
03/30/2021
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To understand the reasoning behind why a homeowner should not sell their home by themselves, we need to identify the motivation.  Probably, more times than not, the homeowner wants to "save" the cost of the commission.  It certainly represents a significant amount of money. In 1981, homes sold F...
03/30/2021
This strategy is not about trying to negotiate the best price; it is about beating out the competition and buying the home.  It may be difficult to understand until you have lost a few homes to better offers but when the reality of the situation is that there are not that many homes on the marke...
02/09/2021
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  Staying at home in 2020 caused of lot of owners to think about how nice it would be to have a larger home to accommodate the additional activities that come along with isolating.  Particularly for people with children at home or possibly, the potential of either adult children or parents coming...
02/01/2021
     Many homeowners with mortgages pay for both types of insurance but only one of them protects the owner. Homeowner's insurance covers damage to your property and losses from fire, burglary, vandalism, and other named natural disasters.  When an insured has a loss, they file a claim with the i...
02/01/2021
  Imagine what happens when there is not a pre-listing inspection.  The buyer contracts for the home with a provision for professional home inspection.  When it is made, there could be things that the buyer didn't expect or even, anticipate.  If it doesn't trigger an action to terminate the contr...
01/11/2021
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