article thumbnail

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. After a pandemic-fueled, seller-benefitting boom — with bidding wars, inventory shortages and spiraling prices all over the country — the housing market began to cool down in 2022. All this has made 2023 something of a transitional year.

article thumbnail

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. Real Estate agent commission : Negotiable!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

Benefit from My Financial Mistakes

Prairie Eco-Thrifter

My Dad offered my spouse and I the opportunity to buy his starter home (which he had converted to a rental) at a very attractive price. Consequently, I overpaid for cars and real estate my entire life and I let others underpay me for my services. I was too stupid and stubborn to accept that offer! My spouse is a veteran.

article thumbnail

Closing Costs Calculator – NerdWallet

Savings Corner

Closing costs are fees you pay to finalize a real estate transaction. A more detailed list of closing costs appears below, and your real estate agent can help estimate yours for your area and loan type. You’ll also see total costs for the services you can shop for and for those that have set prices.

article thumbnail

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.

Home 52
article thumbnail

The Best And Worst States To Retire In 2023, Ranked

Savings Corner

The housing market remains competitive, with high borrowing costs, expensive housing prices and low inventory. Iowa’s median home price is $239,400, per Redfin data — well below the nationwide median home price of $388,800. Iowa lands near the middle of the pack tax-wise. 23 for property taxes and No.

Iowa 52