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Buying A House In 2023: A Step-By-Step Guide

Savings Corner

This year may go down in real estate history as the year of correction. The impact of inflation and fast-rising interest rates dampened buyers’ interest, causing sales to slow and price appreciation to decelerate. Whatever the economic state of the real estate market, buying a house can be an exciting and emotional process.

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Managing Family Finances: Tips and Strategies for a Better Financial Future

Penny Pinchin' Mom

Health insurance: This is a must; should someone get critically ill, mountains of medical bills can bury you very quickly. It can also cover some of those massive medical bills that tend to come with accidents. Rental or sale incomes are a wonderful way to keep the family coffers full.

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Save Taxes: Negotiate A Reduction in Your Assessed Value

Prairie Eco-Thrifter

If you own real estate, you have been, or someday will be, confronted with a rise in your assessed property value. This usually leads to an increase in your real estate taxes! Assessed value is the value that will be used in determining how much you will pay in real estate taxes. Real estate market movement.

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Selling Your Investment Property?

Prairie Eco-Thrifter

Some of the costs you may encounter in a real estate transaction can be quite expensive. Real Estate agent commission : Negotiable! Common commission percents of your property’s sales price can range from 3 – 7% – which add up fast. Real estate is subject to yearly taxes by the county.

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4 Crazy Hard Things To Check On When Buying a Home

Prairie Eco-Thrifter

We’ve only bought 4 pieces of real estate in our lives, including two homes. The sewer district will call on imminent domain to seize an easement on YOUR land and bill you for not only the building of the new sewer lines, but also on a monthly basis to pay for them. Plans For Future Development. Quiz the current owner.

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How to Determine Home Value

Savings Corner

The technical term for these tools is automated valuation models, or AVMs, and they’re typically offered by lenders or real estate sites like Zillow and Redfin. So it’s always a good idea to talk to a local real estate expert to get more insight. Look for homes of similar size, location, condition and upgrades.

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How is Your Vacation Rental Doing?

Prairie Eco-Thrifter

It seemed reasonable to devote a greater portion to real estate, in order to further diversify our portfolio. If we hadn’t sold stocks and mutual funds to come up with the money to close the sale (cash on the table), we wouldn’t have generated a huge capital gain in 2007. Diversify our investment holdings.

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