You must understand this tax rule as a homeowner! Your home has one of the most far-reaching tax benefits in the entire Internal Revenue Code. A gain on the sale of your personal residence for a single individual is excluded up to $ 250,000 and $500,000 for a married couple. This means that these amounts…
Tip #1– Put your phones on silent the night before you list your property FSBO When you list your home FSBO your phone will be ringing off the hook from real estate agents trying to convince you to sell your home with them instead of doing it yourself. You will literally receive hundreds of phone…
Yes, it has been a very hot real estate market over the last two years – so you may be thinking it’s very easy to sell right now – but the fundamentals of selling a home are still vital. It may appear as though everyone is selling their home in a bidding war! However, from…
If you’re anything like us, you love the oversized white/grey kitchen that has become the staple of luxury homes over the last 10+ years. Through speaking with kitchen and bathroom designers we are hearing that the kitchen is actually trending smaller with new construction. Years ago, the kitchen in upscale homes was hidden from view…
After watching HGTV for years it was only natural to have a fondness for open floor plan homes when searching for our first home. These homes are bright and airy with high ceilings… what’s not to love! Below are three negatives and one positive to owning an open floor plan home. I will start with…
Moving into your first home as a newlywed couple can be an exciting and overwhelming experience. It’s a new chapter in your life, and you want everything to be perfect. However, the process of moving and setting up your home can be quite challenging. In this article, we’ll provide you with five tips to help…
Sign #1 – You’ve saved up enough money for a down payment I’m not going to shock you when I say buying a home is expensive(!) but it’s important to remember that the typical deposit for a home purchase is 20% of the purchase price (in the US). That is a great deal of money to…
The pandemic changed the economy forever and no sector more so than real estate. These changes have been fascinating to observe as the entire world is following the same economic policies to counteract the disastrous effects of the event. Here’s what happened in simple terms. Pandemic = gigantic economic crisis Central banks reduce interest rates…
Why you should invest in real estate iSteel magnate and industrialist Andrew Carnegie claimed that 90% of the world’s millionaires have achieved their wealth through investing in real estate. While Carnegie passed away in 1919 and his quote may be somewhat overused and outdated, there is no denying that real estate is a primary way…
We are The Essential Homeowner App! Create your fully free account now and see why it’s the app you always needed! If you are a renter it is still a great tool to stay organized with your important apartment papers! Are you thinking about purchasing a home in the near future or have you already…
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