5 Tips for Homebuyers Who Want to Make a Competitive Offer Today’s real estate market has high buyer interest, low mortgage rates and low housing inventory. With so many buyers competing for a limited number of homes, in a low interest rate environment it is more…
Mortgage Rates Hit Record Lows for Three Consecutive Weeks Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey,…
Can I use an agent for a new home? Yes, however buyers should be aware of the differences inherent in working with sales agents who are employed by the developer, rather than traditional real estate agents. Builders commonly require that an outside agent be present,…
How much does my real estate agent need to know? Real estate agents would say that the more you tell them, the better they can negotiate on your behalf. However, the degree of trust you have with an agent may depend upon their legal obligation….
Where do I get information on IRS publications? The Internal Revenue Service publishes a number of real estate publications. They are listed by number: 521 “Moving Expenses” 523 “Selling Your Home” 527 “Residential Rental Property” 534 “Depreciation” 541 “Tax Information on Partnerships” 551 “Basis of…
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