1. Property taxes and qualified home interest are deductible on
individual's federal income tax return.
2. Many times, a home is the largest asset an individual has and
is considered one of the safest investments available over time.
3. A homeowner can exclude up to $500,000 of capital gain if
married, filing jointly or up to $250,000 if single or filing
separately. The home must have been the taxpayer's principal
residence for the previous two years.
4. A portion of each amortized mortgage payment goes to principal
which is an investment.
5. The majority of the time a REALTOR can show you any home
whether it is listed with a broker, a builder or a FSBO.
6. A home should be bought to enjoy and to live in and not
thought of just an investment. Markets do go up and down.
7. Working with a REALTOR to purchase a For Sale by Owner
can be very advantageous because someone is looking out
for your best interests.
8. A real estate professional who can provide you with financial
information, can give you distinct advantage in making the right
decisions.
9. A pre-approval program (I will always require pre-approval) will
actually approve you for a specific loan amount subject to the
property. This will give you confidence and will help in
negotiating with the seller to get you the best deal over other
buyers.
10. Your real estate professional will provide you with a list of
items you'll need to make a loan application so you'll be
ready when the time comes.
11. The right to conduct a property inspection, included in your
sales contract, will give you the ability to negotiate with
the seller in case of major problems reported by the inspector.
12. A Home Protection Plan can provide coverage for selected
items such as Central Heating an Cooling, some plumbing,
appliances and other things. Ask me about these plans
available.
13. Ask the real estate professional about his or her past clients.
14. Ask the real estate professional who he or she is representing
in this transaction.
Any Questions just email:george@georgemagdanz.com
Or call: 630-835-7003