by Patricia Roos | Aug 27, 2024 | Uncategorized
You are encouraged by the Federal Trade Commission to be sure the information on your credit reports is accurate, complete, and up to date at least once a year. It is an important part of your financial life that can determine whether you get credit, the terms of the...
by Patricia Roos | Aug 20, 2024 | Uncategorized
Homeowners should verify their home’s equity at least once a year because the two factors that affect it change regularly. Market value changes and the unpaid balance of the home decreases with each monthly payment made on an amortizing loan. Amortization and...
by Patricia Roos | Aug 13, 2024 | Uncategorized
In the realm of real estate transactions, the decision to engage a friend who also happens to be an agent may seem like a tenuous situation and may cause some hesitation. Concerns about how professional relationships may impact their personal connection occasionally...
by Patricia Roos | Aug 6, 2024 | Uncategorized
While the process of downsizing may initially focus on finding a smaller property, it’s essential for homeowners to also think ahead and plan for the future by including considerations such as aging in place, healthcare needs, and financial security, and offer...
by Patricia Roos | Jul 30, 2024 | Uncategorized
Real estate professionals offer expertise in the local market, guiding buyers toward suitable properties and negotiating favorable terms. They provide comprehensive support throughout the home buying process, managing logistics and serving as trusted advisors....
by Patricia Roos | Jul 23, 2024 | Uncategorized
Are you one of the many would-be homebuyers holding off on purchasing a home, hoping for a favorable shift in the market? With insurance, property taxes, and maintenance costs on the rise, it’s understandable why some are hesitant to take the plunge. However,...
by Patricia Roos | Jul 16, 2024 | Uncategorized
The familiarity and trust established in a friendship may be the ideal foundation for a successful business relationship. Having a loyal ally from their social circle adds a new level of insight and service to such an important financial decision in their lives. When...
by Patricia Roos | Jul 2, 2024 | Uncategorized
Upcoming changes in real estate transactions are imminent following the resolution of significant class action lawsuits involving sellers and the National Association of REALTORS� along with numerous leading real estate firms nationwide. These changes will have...
by Patricia Roos | Jun 25, 2024 | Uncategorized
The tax benefits of owning both a first and second home can be significant, with the IRS allowing taxpayers to deduct interest and property taxes on both properties as itemized deductions on their tax returns, albeit with certain limitations. Interest deductions are...
by Patricia Roos | Jun 18, 2024 | Uncategorized
The gain on the sale of your home is determined by the price you sell the home, less selling expenses, less the price you paid for it, plus the capital improvements made during the time you owned the property. IRS and accounting use the term "basis" to...
