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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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Selling Your Investment Property?

Prairie Eco-Thrifter

Before you start spending your profits, take a breath and then sit down and think through what your net gain or loss might actually be – after taxes and all selling expenses. Some of the costs you may encounter in a real estate transaction can be quite expensive. Here are some examples. Selling Costs.

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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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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. Closing costs include loan and service fees, taxes, government fees and insurance premiums.

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How to Determine Home Value

Savings Corner

The long answer depends on the market and whether you’re asking a lender, an agent or a county tax assessor. 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.

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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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