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Maximizing your tax refund

Posted by on 8:37 pm in Buying a home | 0 comments

Maximizing your tax refund January.  The month of the year where tax documents start trickling in.  Receipts from charitable contributions, how much interest you made this year on your savings account, and of course the most important one: your W-2. Once you’ve received all these documents then it’s time to prepare your return.  Often your withholdings that you’ve been paying over the year exceed what you owe the IRS and you hear those magical words from the person doing your taxes that you’ve been...

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Will owning a home be a tax benefit to you?

Posted by on 8:37 pm in Buying a home | 0 comments

Will owning a home be a tax benefit to you? Will buying a home save you tax money? Probably, but maybe not. Follow this example. Let’s say you’re renting a 3 bedroom 1.5 bath home right now for $1,000 per month. None of this is tax deductible. You are building no equity. But, you do have a roof over your head and someone to call if something breaks; so that’s good. Now let’s say you purchase this house for $130,000 with a conventional loan that has a 4.5% interest rate over 30 years. Your monthly payment will stay...

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Benefits of Buying in the Winter

Posted by on 9:30 pm in Buying a home | 0 comments

Happy Autumn friends and family! We hope you are enjoying the crisp fall weather, apple picking and all the amazing Fall activities Michigan has to offer! As we approach Thanksgiving and Christmas, we want to encourage you that there has never been a better time to buy a home than right NOW! Spring and summer are known to be high seasons for home sales, but winter can be a buyer’s market! If you don’t mind a smaller array of homes for sale or moving around the holidays, winter might be a good time for you to house shop. There is also less...

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4 Benefits of Home Ownership

Posted by on 9:21 pm in Buying a home | 0 comments

Home ownership is a financially savvy move.  The JulieGR Real Estate Team lays out the 4 Benefits of Home Ownership.  1.) You build equity Equity is the difference between the market value of your home (how much you can sell your home for) and the current mortgage balance you have on the home.   Every month the amount of principal you pay increases and the interest that you pay decreases.  Just by paying your minimum payment you gain equity, even with no increase in value (and that’s being extremely conservative – historically...

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Why to work with a realtor during new construction

Posted by on 6:49 pm in Buying a home | 0 comments

Why to work with a realtor during new construction In this market where we are experiencing low inventory, more people are looking to build their new home, rather than buying an existing one. New construction raises the question, “do I need a realtor if I’m going to be building?” I think the answer to that is yes because of the mistakes that I have seen my clients make in the past. There are quite a few things that we can help you with: 1) Financing. This can be a little trickier with new construction as financing depends on...

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How to make an offer when there is more than one offer on the house you want

Posted by on 4:26 pm in Buying a home | 0 comments

How to make an offer when there is more than one offer on the house you want We have seen a change in the market the last year and a half or so.  There used to be an overload of inventory and lots of choices for buyers.  Before, you could think about it overnight and bring your parents through for a second opinion.  Things are different now.  Inventory is much less available and that means that the speed of the market has really increased.  It also means that it is much more likely that you won’t be the only person that is interested in...

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Questions to ask when buying a condo

Posted by on 11:34 am in Buying a home | Comments Off on Questions to ask when buying a condo

Questions to ask when buying a condo There are some great advantages to buying a condo.  All the advantages of home ownership but less responsibility.  Someone else takes care of mowing the yard and snow removal, you are only responsible for maintaining the inside.  This is a great fit for people who have demanding work schedules, people who love to travel, or people who just love the social aspect of living in a condo community. Although there are some definite conveniences, there are also things to be aware of.  Here is a list of questions...

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I’m a first time home buyer, what should my questions be?

Posted by on 11:29 am in Buying a home | Comments Off on I’m a first time home buyer, what should my questions be?

I’m a first time home buyer, what should my questions be? Sometimes the hardest thing about doing something new is that you just don’t know what you don’t know. You’d love to ask more questions to get better information, but you’re not even sure which questions to ask or whom to ask them of. With this in mind, I’ve been trying to take myself back to when my husband and I bought our first home. I was working in accounting then and had absolutely no idea about real estate and how it worked, I just knew that I...

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Buying a foreclosure or short sale

Posted by on 9:56 pm in Buying a home | Comments Off on Buying a foreclosure or short sale

Buying a foreclosure or short sale Foreclosures and short sales both involve banks, yet they are very different in process. I have found this to be something that is very misunderstood so let me explain. Short sale absolutely does NOT mean “quick sale”. The opposite, it is a very slow process. Short does not refer to time frame, instead it is talking about the payoff to the bank. So, what this means to the buyer is that it is a fairly time consuming process with an uncertain outcome. Although banks are really getting better at...

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