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Selling Your Investment Property?

Prairie Eco-Thrifter

Your best strategy may involve situations such as waiting until your income levels go down; gifting your property instead of selling it; waiting for the market prices to go up; selling now, even if at a loss; or living in your property for awhile before you sell it. Here are some examples. Selling Costs. Home inspection.

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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. Whatever the economic state of the real estate market, buying a house can be an exciting and emotional process. Get started: Contact several local real estate agents and talk with them about your needs before choosing one.

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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! Increases in your assessed value can sometimes be negotiated downward, saving you tax money. Real estate market movement.

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Closing Costs Calculator – NerdWallet

Savings Corner

Closing costs are fees you pay to finalize a real estate transaction. When you finance the purchase of a home, for example, they include the cost of the home appraisal and home title searches that lenders require. Tax monitoring and research fees pay for verifying the amount and payment of property taxes.

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How to Determine Home Value

Savings Corner

Knowing how to calculate your home’s value with the help of online tools and trained professionals better prepares you to buy, sell, refinance, tap into your home’s equity — or even negotiate lower property taxes. So it’s always a good idea to talk to a local real estate expert to get more insight.

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Rent vs Buy Calculator: Should I Rent or Buy?

Savings Corner

You can see, for example, that we assume your security deposit for renting is equal to one month’s rent, and that you’re making a 20% down payment. Your result assumes you’ll deduct on your taxes the costs for mortgage interest, PMI and property tax, and that your marginal income tax is 25%. Location counts.

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