Knowledge

REALTORS® are your market experts.

Found 29 blog entries about Knowledge.

Tax changes for 2019 change the landscape for homeowners.

Tax season is upon us once again, and to make it even more interesting this year, the tax code has changed — along with the rules about tax deductions for homeowners. The biggest change? Many homeowners who used to write off their property taxes and the interest they pay their mortgage will no longer be able to.

Stay calm. This doesn’t automatically mean your taxes are going up. Here’s a roundup of the rules that will affect homeowners — and how big of a change to expect.

Related: Are Closing Costs Tax Deductible?

Standard Deduction: Big Change

The standard deduction, that amount everyone gets, whether they have actual deductions or not, nearly doubled under the new law. It’s now

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The ultimate timeline ensures the smoothest of transitions.

A real yard. Closets bigger than your average microwave. The freedom to decorate however you darn well please!Making the switch from renting to owning is exhilarating, but many rookie homebuyers find the process trickier to navigate than they expected.

This is why we created our First-Time HomeBuyer Checklist. The 12-month timeline will help you sidestep common mistakes, like paying too much interest or getting stuck with the wrong house. (Yep, it happens!)

2 Months Out

Check your credit score.Get a copy of your credit report at annualcreditreport.com. The three credit bureaus (Equifax, Experian, and TransUnion) are each required to give you a free credit report once a year. A Federal

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Ugh. Mold. It’s ugly. It’s tenacious. It’s the uninvited guest that keeps visiting — no matter how rude you are to it. But, unwittingly, you may be setting up the perfect conditions for mold’s return: a food source, lots of moisture, and a pleasant temperature.

“You’ve got to eliminate one of those three legs of the stool so mold won’t grow,” says Pete Duncanson, director of system development for ServiceMaster Restore. “And it’s always easier to prevent than to remediate.”

Assuming you like warm showers and a comfy thermostat setting, there’s not much you can do about the temperature mold loves. But you can get rid of mold — and permanently prevent it — by controlling the other two factors: food and moisture. Here’s how.

Starve It Out

Mold is

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First-time home-buyer advice: Ask a lot of questions.

Names: Anthony Tucker, 32, and Sammy Kallay, 31

City: Richardson, Texas, a suburb of Dallas

Year of home purchase: 2018

Sale price: $252,000

Home style: 46-year old ranch

Professions: He’s an IT business consultant; she’s a nurse.

When Anthony Tucker, and his wife, Sammy Kallay, had their first child, they knew it was time to buy their first house. Like so many new parents, they wanted the works for their son, Okiyan — safe neighborhood, good schools, nice yard. But their budget wasn’t limitless, and their knowledge of real estate was zilch.

They weren’t about to buy their first home without advice. So the Dallas-area couple started by finding the resources they needed for

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Real estate negotiation tips so you can buy your dream home — and not overpay.

You’ve looked at enough houses to fill an entire season of House Hunters and finally picked one to buy. Now you’re ready to make an offer.

Your agent can help guide you through this nail-biting phase of negotiating a house price, but ultimately, you call the shots. Here’s how to negotiate like a boss.

Fail #1: Thinking House Price is All That Matters

That house with a price point $15k below your budget? It may seem like a deal — until you add on the costs of maintenance and replacing the aging appliances.

Planning on repainting, remodeling, or landscaping, too? Suddenly the price looks a whole lot higher.

When developing your offer, calculate in the

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The day will come — and it will be a wonderful, joyous, do-a-happy-dance day — when you receive an offer, or multiple offers, for your home.

And on that day, you’re going to face a question you may not have previously considered: How do you know if an offer is the best one for you?

Your listing agent will be a big help here. They will understand and help you suss out the merits and faults  of an offer because — believe it or not — it’s not always about price.

One buyer’s beautifully high offer might not look so good anymore, for example, if you discover that it’s contingent upon you moving out a month earlier than planned. Or, conversely, you may prefer speed over price, particularly if you’re moving to a new city. 

Your listing agent will

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What you need to know to get the best deal for you.

When it comes to evaluating offers, what’s good for the goose may not necessarily be good for the gander. One seller may be overjoyed with their offer, while another may be disappointed.

That means, in order to figure out whether an offer you receive is “good” —and whether you should negotiate — you’ll need to do two things:

  • Think back to your original goals, and ask yourself whether this offer helps you meet them.
  • Get advice from your agent, who can help get the best deal for your specific situation, wants, and needs.

So what do you, the seller, need to know before negotiating with a home buyer? We’ve got answers to some commonly asked questions.

What’s a Counteroffer?

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June is National Homeownership Month.  Fair housing laws make our communities stronger and more diverse.  Understand your fair housing rights and share the guide below with your clients.

Source:  "A HOMEOWNER AND BUYER’S GUIDE TO FAIR HOUSING"

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Realtors! Your New Mexico Home Search.com account is FREE - claiming your profile is easy and only takes a minute!

  1. First navigate to: http://www.newmexicohomesearch.com/backend/remind/
  2. Once you access the link above you will see the prompt to enter your username.
  3. In the Username field, enter your email address associated with you MLS provider!

Once you have entered your email, click Submit and you will receive an email with instructions on how to setup your account. Check your junk / spam box if you do not see the email.

 

Once you have claimed your password, you can log in to your account by clicking "Agent Login at the top right of the homepage.

Questions or Concerns.

Email: Julian@gaar.com or call: (505) 724-3483

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