The real estate market was hit hard in the recent downturn. But not all is lost. Rates are low, and home prices are down. Buying a house? You’re in luck.
Dave Ramsey recently built a new house, and the home and land are valued at over $4,900,000! Did he follow his own teaching and pay cash?
I was reading up on what’s new in the mortgage markets and the economy over the weekend, and one piece of reporting caught my eye because it seemed like it couldn’t possibly be true. It was talking about how the Obama administration is considering making a move later this month where Fannie Mae and Freddie […]
Looking back on my financial life 10 years ago I thought owning a home was a sign I had achieved one of the most important financial goals. Not only did it mean I had good enough income to afford a mortgage, insurance and property taxes, I had an investment I could watch grow for years […]
Last month I wrote about how many people were in danger of being left out in the cold with their first time homebuyer or current owner homebuyer tax credits. Because of the large number of homes being purchased, and the slow pace that many banks were taking on homes being bought that were short sales […]
The last few years have been tough ones for the real estate market, and especially for the banks who have watched as thousands of their home loans have gone into default, and homes into foreclosure. Because the lending market has become so tough, lending guidelines have already started changing, making it tougher for some people […]
The homebuyer tax credit closing deadline has been extended until September 30th, 2010 for those who were under contract by April 30th, 2010. Details here. Over the last year or so we’ve had a lot of talk on this site about the homebuyer tax credit. It helped to spur activity in the real estate markets, […]
In the past couple of years my wife and I have been able to dig our way out of debt – and a couple of years ago we paid off our last debt, a student loan for my college education. It was an amazing feeling being able to do that – it was a weight […]
Owning a home can be a blessing or a curse. Truly, homeownership can lead to great wealth or great financial ruin. If you’re thinking about buying a house, consider these potential expenses before diving in. While you might already be paying for some of these things while renting, it is still important to have an […]
It may differ by county, but you more than likely have received your county property tax appraisal in the mail recently. The county assesses homes each year to determine property tax liability. County appraisers apply mass appraisal methods and techniques based upon individual characteristics that affect the market value of your home. As a homeowner […]
Over the past year we’ve talked quite a bit the home-buyer tax credits that were available to both first time home-buyers, and more recently to existing homeowners looking to buy a new primary residence. The bill was originally passed in February 2009 as a part of the Obama stimulus package, and was extended at the […]
If you’re planning on claiming the First-Time Homebuyer Tax Credit on your 2009 tax return you’re going to have to provide some extra documentation when filing. Not sure what documents you’re required to include? The IRS has provided some guidance on the topic. Required Documentation For The Homebuyer Tax Credit The IRS includes these tips […]
As a reminder, this is the second post of a two post series helping you answer the question: Should you sell your house? The first post looked at the financial considerations of selling your house. I discussed costs in selling and buying, interest rates, whether or not selling will help you get out of […]
With the turn of the new year many people are considering selling their house and looking for a new one. They ask, “Should I sell my home, or is it the right time to sell?” Traditionally speaking, early in the year has been a good time to put your house on the market. After the […]