What's the News in Real Estatehttp://www.TallahasseeHomeSource.com/blogTallahassee FL real estate market news provided by Keller Williams Town & Country RealtyMon, 09 Mar 2009 06:27:00 GMTNow is the Time to BuyFannie Mae: Recovery is Moving Forward
The decline in home sales in February was a disappointment to the housing industry, but Fannie Mae’s analysts say it is temporary and a sustainable turnaround is likely by the end of the year.

Fannie Mae Chief Economist Doug Duncan points to evidence that a recovery is on its way, including an increase in consumer spending, an improving service sector, and the likelihood that employers will begin hiring soon.

"More favorable financial conditions overall keep us optimistic that we are moving forward with the recovery, albeit at a lower trajectory than previously forecast," Duncan said in a statement.

Source: Fannie Mae (03/17/2010)

Looking for Buy Realestate Call Sheila Decamp 850-251-0148 sheila@ringtherivers.com

]]>http://www.tallahasseehomesource.com/Blog/Now-is-the-Time-to-Buyhttp://www.tallahasseehomesource.com/Blog/Now-is-the-Time-to-BuyThu, 25 Mar 2010 16:45:00 GMTGreat House in WeemsI would love to share with you a great house I saw on the market in Weems!  Actually it is the lowest priced home in the neighborhood.  This beautiful home is on a quiet cul-de-sac with the original homeowner! It features an open and bright floorplan with vaulted ceilings, hardwood floors, plantation blinds and designer stainless light fixtures. Ceiling height display ledges throughout add decoratve charm. The large family room & dining room area is perfect for entertaining with surround sound. The kitchen offers stainless steel appliances and lots of cabinet and counter space. The master suite boasts a walk-in closet and large bath with double vanities, water closet and jetted tub. The oversized covered front porch is a perfect place to relax. It has a privacy fenced backyard with nice landscaping.

One of the biggest pluses for this home is that it can close in time to get the $8000 tax credit!

If you would like more information about this home or the tax credit for first-time buyers, call me at 850-545-0814 or email me at ellie@ringtherivers.com .

]]>http://www.tallahasseehomesource.com/Blog/Great-House-in-Weemshttp://www.tallahasseehomesource.com/Blog/Great-House-in-WeemsWed, 10 Mar 2010 13:45:00 GMTOne more reason to buyOne more reason to buy that new home--favorable interest rates!  Do the math. Lower rates multiply a buyer’s financial power, especially now when rates are near a 40-year low. Even one/half of one percentage point difference means a buyer could save more than $1,000 per year on a median-priced home. Buyers get more home for the money – a perfect scenario for families looking to upsize.

For more good reasons to buy, contact Ellie Stafford at 850-545-0814 or email ellie@ringtherivers.com.

]]>http://www.tallahasseehomesource.com/Blog/One-more-reason-to-buyhttp://www.tallahasseehomesource.com/Blog/One-more-reason-to-buyTue, 02 Mar 2010 04:00:00 GMTHOMEBUYERS - First Time Homebuyer ProgramHOMEBUYERS - First Time Homebuyer Program
The First Time Homebuyer Program makes purchasing a home more affordable for low-to-moderate income families and individuals by offering fixed, low-interest rate mortgage loans. In addition, Florida Housing also offers down payment and closing costs assistance to eligible borrowers, which can greatly reduce the out of pocket expense to the buyer. 

To learn more about these programs contact Sheila Decamp 850-251-0148  or E-mail me at   Sheila@ringtherivers.com
 ]]>http://www.tallahasseehomesource.com/Blog/HOMEBUYERS-First-Time-Homebuyer-Programhttp://www.tallahasseehomesource.com/Blog/HOMEBUYERS-First-Time-Homebuyer-ProgramSat, 27 Feb 2010 15:05:00 GMTLifeline Needed for Underwater Homeowners
NEW YORK – Feb. 4, 2010 – An estimated 4.5 million homeowners owe more than their homes are worth. That number is likely to peak at 5.1 million in June, affecting 10 percent of homeowners and making them increasingly likely to just walk away.

“We’re now at the point of maximum vulnerability,” says Sam Khater, a senior economist with First American CoreLogic, the firm that conducted the recent research. “People’s emotional attachment to their property is melting into the air.”

Consultants at Oliver Wyman calculated that 17 percent of owners defaulting in 2008 –about 588,000 – chose to default even though they could pay.

First American estimates that it would cost around $745 billion – about the same as the original 2008 bank bailout – to restore all underwater borrowers to the break-even point.

Doing so would be seen as highly unfair by many taxpayers, says Michael S. Barr, assistant Treasury secretary for financial institutions, but doing nothing would be another blow to a fragile economy.

Source: The New York Times, David Streitfeld (02/022010)

© Copyright 2010 INFORMATION, INC. Bethesda, MD (301) 215-4688

If you have any questions about Tallahassee real estate home values, please call Ellie Stafford at 850-545-0814 or ellie@ringtherivers.com.

]]>http://www.tallahasseehomesource.com/Blog/Lifeline-Needed-for-Underwater-Homeownershttp://www.tallahasseehomesource.com/Blog/Lifeline-Needed-for-Underwater-HomeownersMon, 08 Feb 2010 16:17:00 GMTPost Title
Tax Credit information
 
There’s one credit for first-time homebuyers and another that primarily benefits homebuyers who owned a home before. But don’t mix it up with the first-time homebuyer credit in 2008, which actually was a long-term loan.

There are maximum income levels and maximum sales prices. And vacation homes or rental property don’t qualify.

“If you want to spend two hours reading the instructions and translating them and finding out whether you qualify, yes, it’s relatively simple,” said Jeff Schnepper, an MSN Money tax expert and author of “How to Pay Zero Taxes.”

Some questions and answers about the homebuyers tax credit:

Q. What’s the purpose of the credit?

A. Congress passed the tax credits in an effort to boost the struggling housing industry and fight recession. Indications are that it’s had an impact. The National Association of Realtors reported that November sales of existing homes were up 44 percent from a year earlier. Although new home sales dropped in November, figures from the Commerce Department show that they’re up 8 percent from the low in January 2009.

Q. How many people are claiming the credit?

A. “In all, 4.4 million households are expected to claim the tax credit before it expires,” Lawrence Yun, the Realtors’ chief economist, said in December.

Q. How many versions are there?

A. There are actually three.

The first credit, for first-time homebuyers, was really a long-term, interest-free loan that has to be paid back over 15 years. The maximum credit was $7,500 for a principal residence purchased between April 9, 2008, and June 30, 2009.

The second iteration made the first-time homebuyers credit a true credit – it doesn’t have to be paid back – and raised the amount to a maximum $8,000. It applied to homes purchased between Jan. 1, 2009, and Nov. 30, 2009.

The third change extended the eligibility dates to homes purchased through April 30, 2010. It also added a credit for long-time homeowners who purchased a new residence between Nov. 7, 2009, and April 30, 2010, but at a reduced value – up to $6,500.

Q. Do I automatically qualify if I purchased a house during those periods?

A. No. To qualify, the house has to be used as a primary residence. If purchased after Nov. 6, 2009, it cannot have cost more than $800,000. If you’re a long-time homeowner, you had to have lived in the same house consecutively for five out of the last eight years, though you need not have lived in or owned that house at the time you buy your new home.

For homes purchased after Nov. 6, 2009, the credit also begins phasing out for individuals with modified adjusted gross incomes above $125,000, and for married couples filing jointly with incomes above $225,000.

Q. How does the Internal Revenue Service define a principal residence?

A. “Your main home is the one you live in most of the time,” the agency said. “It can be a house, houseboat, mobile home, cooperative apartment or condominium.”

Q. What if I’m living overseas and I buy a home there?

A. The home doesn’t qualify unless it’s in the United States.

Q. How do I claim the credit?

A. There’s a form, 5405, to fill out. You’ll also have to submit a copy of your settlement statement, usually Form HUD-1, with the names and signatures of all parties, the property address, the sales price and date of purchase.

To avoid refund delays, the IRS recommends that long-time homeowners who purchase a new home also provide documents to show they meet the requirement for consecutive years lived in their old house. These can include mortgage interest statements, or property tax or homeowner’s insurance records.

Q. Do I have to wait until I file my 2010 taxes to claim the credit for a home purchased before the deadline in 2010?

A. No. “You can choose to claim the credit on your 2009 return for a home you bought in 2010 that qualifies for the credit,” the IRS said.

Q. I purchased my home in 2008 and filed for a credit on my tax returns. Do I still have to pay it back?

A. Yes. When Congress did away with the repayment requirement, it did not do so retroactively.

Q. What if I purchase the property for business?

A. You’re not eligible. The house must be used as a primary residence to qualify.

Q. What if I want to keep my original house and use it as a rental property?

A. If you qualify for the credit as a long-time homeowner, nothing in the law requires you to sell the original house. However, you must make the new one your primary residence.

Q. What if I decide to sell the house I got the credit for or convert it to a rental property?

A. You will have to pay back the credit if you don’t keep the purchased house as your permanent residence for three years.


 
 
Sheila Decamp
850-251-0148
sheila@ringtherivers.com
The Rivers Team
Keller Williams Realty
#1 in Tallahassee, Top 100 Realtors (US)

Keller Williams Town & Country Realty
1520 Killearn Center Blvd. Suite 100
Tallahassee, FL 32309
]]>http://www.tallahasseehomesource.com/Blog/Post-Titlehttp://www.tallahasseehomesource.com/Blog/Post-TitleSun, 31 Jan 2010 17:01:00 GMTWhich remodeling projects give the biggest return?According to the newest report out from Remodeling magazine, replacing your front door with a mid-range priced entry returns 100% of the cost.  It is the only remodeling project this year which does!  It just proves that first impressions do count!  To read the full report, here is the link......

http://www.realtor.org/rmohome_and_design/Articles/1001_costvsvalue_2009

If you have any questions about how to improve your real estate, please call me at 850-545-0814 or you can email me at ellie@ringtherivers.com.

]]>http://www.tallahasseehomesource.com/Blog/Which-remodeling-projects-give-the-biggest-returnhttp://www.tallahasseehomesource.com/Blog/Which-remodeling-projects-give-the-biggest-returnMon, 21 Dec 2009 18:13:00 GMTMarket TrendThe Tallahassee market is looking great!  The number of active single family homes listed fell dramatically last month which is a great indicator of local market activity.  Our average price for sold homes has remained steady for the past 6 months, so beware of gloom and doom reports which say prices are falling--those reports refer to other parts of the state!

If you are ready to make the move or have questions about the real estate market, please call Ellie Stafford at 545-0814 or email ellie@ringtherivers.com .

]]>http://www.tallahasseehomesource.com/Blog/Market-Trendhttp://www.tallahasseehomesource.com/Blog/Market-TrendWed, 02 Dec 2009 07:30:00 GMTHistorically Low Interest Rates!15-Year Rate Hits Record Low
The average rate for 15-year mortgages reached a new bottom this week, dipping from 4.40 percent to 4.32 percent—the lowest level since Freddie Mac began tracking rates in 1991.

Rates for 30-year mortgages approached the all-time low of 4.78 percent again last week, falling to 4.83 percent from an average of 4.91 percent a week ago.

Wellesley College economist Karl Case says the Federal Reserve's efforts to purchase mortgage-backed securities from Fannie Mae and Freddie Mac is lowering rates on home loans.

Source: Boston Herald, Thomas Grillo (11/20/09)

For more information about the local Tallahassee real estate market, contact Ellie Stafford at 850-545-0814 or ellie@ringtherivers.com

]]>http://www.tallahasseehomesource.com/Blog/Historically-Low-Interest-Rateshttp://www.tallahasseehomesource.com/Blog/Historically-Low-Interest-RatesFri, 20 Nov 2009 04:00:00 GMTCheck out this article on the Tax Credit Extension from Charles McMillan, 2009 NAR PresidentCheck out this article on the Tax Credit Extension from Charles McMillan, 2009 NAR President

Looks like we are headed in the right direction! Great News for anyone looking to purchase a home after the November 30th Deadline!

To read the full article from Charles McMillian click on the link that I have posted below. You can also listen to President's Podcast, with details on the new tax credit and when it takes effect. 

 

http://www.realtor.org/about_nar/presidents_report/_podcast_archive/mcmillan_taxcreditextended_20091105

 

 For more information on the tax credit and the Tallahassee Market give me a call! You can reach me at 850-591-2599 or email me at julie@ringtherivers.com

 

 

 

Julie Cox-Money

850-591-2599

julie@ringtherivers.com

Buyer Specialist

The Rivers Team

]]>http://www.tallahasseehomesource.com/Blog/Check-out-this-article-on-the-Tax-Credit-Extension-from-Charles-McMillan-2009-NAR-Presidenthttp://www.tallahasseehomesource.com/Blog/Check-out-this-article-on-the-Tax-Credit-Extension-from-Charles-McMillan-2009-NAR-PresidentFri, 06 Nov 2009 04:00:00 GMTFour Things You Need to Buy a Home, and Two Things You Don'tJust read this great article by Frontdoor. com and wanted to share it because it does simplify the home buying process.  Please contact me at 850-545-0814 or ellie@ringtherivers.com if you would like to get started!

Sure, owning your own home is the American dream. It's also the largest investment most of us will ever make, so go into it knowing what you'll need when you go from tenant to owner -- and what you won't need.

Here's what you'll need:

1. Enough money to make monthly mortgage payments.
Duh! If a mortgage payment will bust your budget, you can't get rid of your landlord yet.

 

2. Enough income to pay property taxes and homeowner's insurance.
The mortgage isn't the only cost you'll have each month. You also have to pay taxes and insurance. If you can't make those payments, say bye-bye to the house.

3. The ability to maintain the property.
You must keep a home in good repair or it will lose its value and you'll lose money. You can do the work yourself or pay someone to do it. Either way, you can't ignore the peeling paint and the window that won't close like you did when you were a tenant.

4. A decent credit record.
If you have lots of late payments, have declared bankruptcy or left old debts unpaid, it's harder to get a mortgage. And if you do get one, your bad credit record will make you pay a much higher interest rate.

Here's what you won't need:

1. A big down payment.
It's best to make a big fat down payment so you can skip paying private mortgage insurance and lower your monthly payments, but you can buy a house for almost nothing down.

2. Experience
In most major cities, real estate companies hold home-buyer education classes for first-timers. Go, even if you have no immediate plans to buy. The information you get can lead you to other sources of help.

]]>http://www.tallahasseehomesource.com/Blog/Four-Things-You-Need-to-Buy-a-Home-and-Two-Things-You-Donthttp://www.tallahasseehomesource.com/Blog/Four-Things-You-Need-to-Buy-a-Home-and-Two-Things-You-DontMon, 02 Nov 2009 08:21:00 GMTThe Race is On~The race is on for first time buyers to take advantage of the $8000 tax credit!  To meet the November 30 deadline, buyers need to have a contract by around Sept. 30 because inspections, mortgage approvals and other details can take about 45-60 days.

A couple of interesting things about the tax credit that I have learned along the way...

  • If you haven't owned a primary residence in 3 or more years, you qualify!
  • If you own rental property, but not a primary residence, you qualify!

For more information about buying your first home, please call me at 850-545-0814 or email me at ellie@ringtherivers.com.

]]>http://www.tallahasseehomesource.com/Blog/The-Race-is-Onhttp://www.tallahasseehomesource.com/Blog/The-Race-is-OnMon, 17 Aug 2009 11:42:00 GMTCan't Refinance?Surprisingly this year I have heard too many people who want desperately to keep their homes say that when they try to work out a refinance with the banks the banks have been giving them the run around. I caught this article on MSNBC and thought it would be a good direction for a few of you out there to explore.

The associated press ran an article stating that several lawmakers whose districts are drowning in foreclosures are taking unprecedented steps to help people stay in their homes, including picking up the phone themselves to negotiate with banks on behalf of their constituents.

If you or someone you know is experiencing some really tough times get on the phone and call your elected officials today....you never know what could happen.

]]>http://www.tallahasseehomesource.com/Blog/Cant-Refinancehttp://www.tallahasseehomesource.com/Blog/Cant-RefinanceSun, 07 Jun 2009 03:00:00 GMTRecharged REITs"Buy when others are fearful.." are the smart words of one of the richest men of our life time, Warren Buffet.  It is obvious that many have paid attention.  Here goes an article that I found in Forbes today:

Despite the recent devastating downturn in demand for space, real estate investment trusts are coming back with a vengeance. There have been $10 billion in new equity offerings this year, mostly since March. According to research firm SNL Financial, the median price gain for REITs that sold equity was 35% from Mar. 31 through May 26. SNL's Equity REIT index, representing all U.S. publicly traded REITs, has gained 28%. This rebound comes after a devastating two years in which REIT shares lost 75% of their value. What you are seeing is more than a turnaround in investor attitudes and a need by issuers to deleverage their balance sheets. Many REITs intend to finance the purchase of distressed commercial real estate at bargain prices

]]>http://www.tallahasseehomesource.com/Blog/Recharged-REITshttp://www.tallahasseehomesource.com/Blog/Recharged-REITsThu, 04 Jun 2009 03:00:00 GMTGreat News for USDA Rural 100% FinancingJust had to share a great experience with the USDA Rural Funding program!  In case you are unfamiliar with it, this program provides 100% financing for a home purchase.

There are some limitations to participation in the program, particularly family income and location.  That is the great part that my clients just experienced.  The income limits have been expanded to include any family size from 1-4 at the former 4-family member income limits.  In addition, the home they wanted to purchase fell inside the zoning qualification area.  The home is not in an area that would normally be described as rural.

If you would like to get more information about the program or the areas that qualify, please contact me directly at 850-545-0814 or email me at ellie@ringtherivers.com.  I would love to help you get into your new home!

Ellie Stafford/The Rivers Team/Keller Williams

]]>http://www.tallahasseehomesource.com/Blog/Great-News-for-USDA-Rural-100-Financinghttp://www.tallahasseehomesource.com/Blog/Great-News-for-USDA-Rural-100-FinancingThu, 23 Apr 2009 12:39:00 GMTTallahassee Market is Great and now is an amazing time to buy!

Now is a great time to buy in Tallahassee!!!

If you ask me how I feel about the Tallahassee market then I would have to say, "It's a great time to buy".  Home prices are finally on the rise and I think that it is safe to say that I feel we may have finally hit the bottom in Tallahassee. The Florida Association of Realtors states that U.S. home prices rose 1.7 percent on a seasonally adjusted basis from December to January, according to the Federal Housing Finance Agency's (FHFA) monthly House Price Index. This is great news!

Inman news also stated on March 26th2009 that Mortgage Rates have not been lower since 1971 and Freddie Mac chief economist Frank Nothaft said that "compared to a 30-year fixed-rate mortgage taken out at last year's high of 6.63 percent on July 24, the current rate represents savings of about $225 a month on a $200,000 loan". This is awesome news and just more reasons why you should buy a home now! Why wait to make one of the best financial decisions that will pave the way to your future wealth!   

 

For more information on the Tallahassee Market give me a call! You can reach me at 850-591-2599 or email me at julie@ringtherivers.com

Julie Cox-Money

Buyer Specialist

The Rivers Team

Keller Williams Realty

850-591-2599

julie@ringtherivers.com

]]>http://www.tallahasseehomesource.com/Blog/Tallahassee-Market-is-Great-and-now-is-an-amazing-time-to-buyhttp://www.tallahasseehomesource.com/Blog/Tallahassee-Market-is-Great-and-now-is-an-amazing-time-to-buyWed, 01 Apr 2009 11:48:00 GMTMarket ViewThings are undeniably looking better than a year ago.  Nationally real estate sales are up!  Areas like South Florida had various cities see a plus 50% sale volume when compared to this time last year.  It was enough to make Dade county top producer Charles Richardson cite that it was the sharpest spike in sales year-over-year he's ever experienced.  Will this trend likely continue?  From the appearance of reports revealing that mortgage applications have increased 30% it is to be expected.  A recent survey also revealed that 78% of home buyers today felt that now was a good time to buy.  This to me asserts two important factors.

 

One: Sellers in this market need to adjust their asking price to what the market is dictating and not a cent more.  Buyers are armed and ready today with more ammo than ever before and are particularly focused today on making sound investments. 

 

Two: On the other hand, when coming across a well priced home, buyers in the coming months need not fool around with their offers.  If it caught your eyes, chances are it caught the eyes of at least 5 others.  Multiple bids on well priced homes are not myths and will occur.

 

Over all the real estate market is on the verge of smoothing out.  Leif Thomsen, chief executive of Mortgage Master in Walpole, Massachusetts, whose’ business closed just over $1 billion in total mortgage lending since the beginning of the year made a well spoken analogy.  "The housing market is coming back, but not roaring back," he said. "We have gone from a crawl to a brisk walk and we will still have to navigate some pitfalls before we are able to get running again…."but it’s a great start!

]]>http://www.tallahasseehomesource.com/Blog/Market-Viewhttp://www.tallahasseehomesource.com/Blog/Market-ViewTue, 31 Mar 2009 19:12:00 GMTHow does that $8000 tax credit work for buyers?Last fall, the Federal Government introduced a financial incentive to prospective first-time homebuyers — an income tax credit of up to $7,500. The rules were simple: you must have been a first-time homebuyer (as defined by not owning a home in the previous three years) and you met certain income restrictions.

The new $8,000 tax credit is available to those who buy between January 1, 2009 and December 1, 2009. It’s not a deduction, it’s an actual credit.  Unlike the $7,500 first-time homebuyer tax credit introduced last summer; this does not need to be repaid.

First timers who qualify can make no more than $75,000 in adjusted gross income if they’re single or $150,000 if filing jointly. The maximum tax credit is $8,000 or 10 percent of the sales price of the home, whichever is less. Three years residence in the property are required. As always, check with your accountant for details and be sure to submit IRS form 5405 when you file your taxes.

For real estate questions, contact Ellie Stafford at 850-545-0814 or email ellie@ringtherivers.com.

]]>http://www.tallahasseehomesource.com/Blog/How-does-that-8000-tax-credit-work-for-buyershttp://www.tallahasseehomesource.com/Blog/How-does-that-8000-tax-credit-work-for-buyersMon, 16 Mar 2009 07:53:00 GMTSome Sellers Still Haven't Gotten the Memo...
Pamela Frey-Primiani of Keller Williams Realty in Sicklerville, N.J. said it best. “Homeowners know that prices have fallen, but that somehow doesn’t apply to them because they have ‘upgraded vinyl’” or something....Sellers have got to be realistic in their expectations. An overpriced home in these times does nothing — no showings, no offers, just whining from sellers that it’s all someone else’s fault that the home hasn’t sold.”]]>http://www.tallahasseehomesource.com/Blog/Some-Sellers-Still-Havent-Gotten-the-Memohttp://www.tallahasseehomesource.com/Blog/Some-Sellers-Still-Havent-Gotten-the-MemoWed, 11 Mar 2009 14:43:00 GMT10 Timely Tax Tips for HomeownersHey, Julie, I wanted to continue your list of 10....I found this great list of tax tips for homeowners and had to share it since this is the season!

10 Timely Home-Related Tax Tips

RISMEDIA, March 9, 2009-Tax season is upon us, and homeowners everywhere will reap the benefits of tax breaks and incentives. Homeowners and potential home buyers should know what expenses are deductible and the ins-and-outs of new tax laws, says FrontDoor.com.

1. Deduct the interest you pay on your home loan on your tax return. A mortgage interest deduction reduces your taxable income. And because your mortgage payments for the first few years are heavily comprised of interest, they are almost entirely deductible.

2. Deduct property taxes and points you paid to lower your loan’s interest rate. The IRS offsets the expense of your state and local property taxes by allowing you to deduct those fees from your itemized income tax return. You may also get a tax benefit if you paid “points” at closing to lower your mortgage interest rate.

3. Take advantage of new laws in a challenging market. Look into new tax laws that may allow new homebuyers to get an $8,000 tax credit, short sellers to escape penalty for forgiven mortgage debt, and homeowners to contest property taxes in a struggling market.

4. Request a property tax reassessment if your home’s market value has declined. If your property value is significantly lower now than when you bought it, show proof of your home’s current market value and recent comparable sales in your neighborhood to your local tax assessor for a tax adjustment.

5. Research past and proposed assessments that may apply to your home. Understanding property taxes and assessments in your area will give you a more accurate homeownership cost, as well as help you predict and control your monthly expenses.

6. Get a reliable estimate of your property tax bill. Don’t rely on the old tax data passed down from your home’s previous owners. Depending on the circumstances of the sale, your tax bill can differ from their bill.

7. Wrap your property taxes into your monthly mortgage payment. If you’re daunted by that huge tax bill once or twice a year, consider setting up a convenient escrow account. (As this also protects the lender, they are more than happy to do the work.)

8. Understand how capital gains tax is calculated. When you sell your home, you’re taxed on any profit over $250,000 if you are single, $500,000 if married. But in calculating your gains, the IRS takes into account the money you put into improving the home. Remember to save receipts for any repairs and upgrades.

9. Know how your tax situation changes with every real estate move you make. Whether you’re buying or selling a home, refinancing, or renting your investment property, understand how these situations affect your taxes.

10. See if homeownership lowers your tax liability. Your tax situation varies depending on your stage in life. Upon examining your payroll withholdings, opt to reduce them to be in line with your net tax liability, which will put more money in your pocket each pay period.

You can read more about it at http://www.frontdoor.com.

For more information or other real estate questions, please me at 850-545-0814 or email ellie@ringtherivers.com.  Ellie Stafford

 

]]>http://www.tallahasseehomesource.com/Blog/10-Timely-Tax-Tips-for-Homeownershttp://www.tallahasseehomesource.com/Blog/10-Timely-Tax-Tips-for-HomeownersMon, 09 Mar 2009 06:27:00 GMT