Friday, February 22, 2019 / by Jose Segarra
Many homeowners believe that rising interest rates and home prices have scared away buyers and therefore have not listed their houses for sale. However, the truth is that buyers who were unable to find a home last year are out in force, and there are even more coming!
NerdWallet’s 2018 Home Buyer Report revealed that:
“Approximately one-third (32%) of Americans plan to purchase a home in the next five years. Millennials are most likely to have such a purchase in their five-year plan (49%), versus 35% of Generation X and 17% of baby boomers.”
As we can see, buyers are optimistic! According to the report, here are the top reasons Americans plan to buy:
The most common reason Americans prioritize buying is that they believe it’s a good investment!
If you’re a homeowner looking to sell, 2019 is the perfect year to put your house on the market. But why?
Buyers want to buy
No competitio ...
Thursday, February 14, 2019 / by Jose Segarra
10 Steps to Improved Credit
Here are the top dos and don'ts to follow for building or improving your credit, protecting your identity, and guarding personal information from loss or theft.
1. Know What Your Credit Is
Did you know there are companies that keep track of whether or not you pay your debts and if you make payments on time? And that these companies make this information available in the form of a credit report and score?
A bad credit history can haunt you for a long time—seven years or more. That’s why the best thing to do is learn how to maintain good credit before there’s a problem. While this might seem complicated at first, it gets easier once you understand the basics of credit and how it works.
Credit is more than just a plastic card you use to buy things—it is your financial trustworthiness. Good credit means that your history of payments makes you a good candidate for a loan, and creditors (those who lend money) will be more ...
Wednesday, February 6, 2019 / by Jose Segarra
One of the biggest challenges sellers face when listing their house is decluttering. Cleaning out some of the more personal decorating choices allows buyers to imagine themselves living in the house.
Those planning to sell soon are in luck! Marie Kondo, the inventor of the KonMari Method of Tidying Up, has gained popularity with her new Netflix series. She gives some great tips for sorting through years of accumulated possessions that we all collect in our homes.
“The KonMari Method™ encourages tidying by category – not by location – beginning with clothes, then moving on to books, papers, komono (miscellaneous items), and, finally, sentimental items. Keep only those things that speak to the heart, and discard items that no longer spark joy. Thank them for their service – then let them go.”
When you subjectively look at all of your belongings, you can sort through the ones that mean the most to you. Not only will ...
Thursday, January 24, 2019 / by Jose Segarra
The IRShas confirmed amid the government shutdown that tax season will begin on January 28, 2019. If you’re in real estate it’s useful to brush up on specific tax tips for real estate agents so you can file correctly and on time. Whether you’re preparing your taxes on your own or having an accountant help you, these tips are useful to keep in the front of your mind.
Important tax tips for real estate agents to remember
We asked real estate and tax professionals across the country for their very best tax tips. Here’s what they said.
1. Don’t forget your mileage
“Many real estate agents leave money on the table when it comes to their mileage,” says Thomas J. Williams, an enrolled agent and tax accountant who operates Your Small Biz Accountant, LLC, a virtual boutique practice with a focus on rental real estate. “Depending on where you work on a regular basis, the tax deduction may include attending meetings, putting up for-s ...
Wednesday, January 23, 2019 / by Jose Segarra
For centuries, people in this country have seen homeownership as part of the American Dream. Whether they were born here or immigrated from another country, they wanted to own a piece of America. With so many prominent societal changes over the last few decades, it is fair to ask if people in America still feel the same way about owning a home. The answer was made abundantly clear in two separate reports released earlier this month.
In their market trends report, As Housing Trends Shift, So Does Renter, Buyer and Seller Sentiment, Trulia revealed that:
“After two years of no change, the share of Americans who say that homeownership is part of their personal “American Dream” ticked up from 72 percent to 73 percent of Americans.”
At the same time, the National Association of Realtors released their Aspiring Home Buyers Profile. As the report explained:
“For both homeowners and non-homeowners alike, homeown ...