Check out this Zing blog post for more on the tax benefits of homeownership.Ī sense of stability. In other words, homeownership and tax savings go together like pumpkin pie and Cool Whip. As a homeowner, you’ll be able to deduct everything from real estate taxes, to private mortgage insurance, to loan points paid on a purchase. 2013 could be your final chance to snag a cut-rate price before it becomes ancient history. Prices have been sitting pretty low for a while now, but this isn’t going to last: home prices are officially on the rise. Having a fixed-rate mortgage means that you’ll make the same payment for the life of your loan, so you won’t ever pay more unless you want to. Landlords have a tendency to increase rent every year or two to accommodate for inflation. Don’t wait for low rates to go the way of the dinosaur when they’re gone, they probably won’t be coming back for a long, long time (if ever). If you don’t speak mortgage, this means that by buying now, you’ll likely save thousands of dollars in interest, because rates can have a huge impact on your mortgage payment. Just a few short years ago, 30-year fixed rates were above 6.00%. Low rates are like rainbows they’re pretty marvelous, but when they’re gone, they’re gone. She writes for the Quicken Loans Zing! Blog and works for In-House Realty, a sister company of Quicken Loans. If you’re ready, contact Quicken Loans and when you’re finally ready to move visit Penske Truck and call 1-800-GO-PENSKE for a high-quality moving truck, moving supplies, and expert moving advice.Įditor’s Note: This is an edited guest post written by Kim Sawchuk. You’re moving anyway, right? This will help de-clutter your home and also minimize the workload when you move to your new home. Don’t wait until your home is already on the market. Not setting the stage when that first buyer walks through the door could cost you a sale. To many home buyers, it’s all about the first impressions.
My quicken loan full#
If your home is priced too low, you won’t get the full value of what it’s worth. If the price tag is too high, it may slow down the amount of offers coming in and leave your house on the market too long. If you price your home comparable to others in your neighborhood, it will catch buyer’s attention. They will be able to provide you with a Comparative Market Analysis on your home to determine its value.
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Price Your Property According to Market Valueīefore you put your house on the market, it’s wise to talk to a professional real estate agent. This helps you to objectively place a value on your property. See what others are selling their homes for, and what you could get for the asking price of your home.
Be proactive and take care of these items before the buyer even walks in the door. A home inspection will turn up a lot of simple, and sometimes a few major, fixes that the buyer could potentially use against you during the negotiation process. This simple action alone could save you thousands of dollars.