Your tax refund could be used toward the purchase of a new home. A lump sum of cash can definitely help first time homebuyers make the unaffordable, affordable. A tax refund can help you either save for that new home or reduce your mortgage balance. Its always good to consider how you should use your tax refund in a wise way.
Unfortunately many are not saving for that new home or a reduction in their mortgage. According a recent survey ,by Go Banking Rates , only 5 % surveyed plan to buy a new home. Buying a home is a wise, long-term investment and using your tax refund is great way to get that needed down payment to start the process.
With the minimum down payment for a home at about 6% its a great strategy to go ahead and use your tax return toward a down payment. Own a home already how about helping your kids buy their first home ? At any rate tax returns always help with the possibility of home ownership.
Contact Glenda Daughety and Team today for more information on homes in Baton Rouge. We welcome the opportunity to update you on current market conditions, fill you in on home trends in the area, and help you with all of your buying and selling needs. Let our knowledge and experience serve as your guide to Baton Rouge real estate.
New U.S. single-family home sales surged to an eight-month high in March, pointing to underlying strength in the economy despite an apparent sharp slowdown in growth in the first quarter.
The Baton Rouge market remains strong. The average days on market is at an all time low, while prices continue to edge their way up as inventory shrinks. ” Its really a sellers market that wont quit”, this according to Glenda Daughety at Remax First here in Baton Rouge, ” We came into the spring market with low inventory and not much has changed. ” As a result its expected that the summer home sales will be strong in our market.
On a national level the Commerce Department reported on Tuesday new home sales jumped 5.8 percent to a seasonally adjusted annual rate of 621,00 units last month, the highest level since July 2016.
If you are contemplating selling your home you might be considering selling it on your own (FSBO) or using a Realtor. Indeed the idea of saving the commission money is tempting but few have the experience to complete a real estate transaction without the assistance of someone who has gone through this process many times.
Selling you home by yourself is always tempting when considering the commission you will not have to pay out but will you really save any money. The truth is that potential buyers interested in a FSBO almost always start their negotiations 10 percent below market value. As a result when its all said and done FSBO’s sell their homes at 13-14 percent below market value.
Its a long and stressful process when selling your home. An experienced Realtor will help negotiate between the seller and the buyer’s agent, easing the process for the seller. Once under contract a Realtor will make sure that the contractual obligations are followed and will see the process through until closing. In all there are approximately 30 steps to successfully sell your home. From staging to the final closing a realtor can ease the pain as well as increase the money you take home.
We are expert Realtors here in the Baton Rouge area and are here to help you market and sell your home. Visit us today at GlendaDaughety.com
Anyone interesting in buying or refinancing Baton Rouge real estate can benefit from some basic mortgage dos and don’ts. A mortgage is an important part of a real estate transaction and making sure you know what you are signing up for is essential. Your Baton Rouge REALTOR should be able to recommend reputable local lenders to interview, a great place to start.
The important thing to remember when shopping for a mortgage is that not all loans are the same. Aside from the time period of a loan there are also interest rates, closing costs, and a choice between fixed rates or adjustable rates. Don’t make the mistake of choosing an adjustable rate loan because of the attractive rate without realizing it can increase dramatically over time. Do shop around for the best rates. Take the time to find the best loan for your needs, recognizing that how long you plan on staying in your home matters in your choice.
Getting the right interest rate and payback plan is by far going to be you biggest challenge. Although the current rates in the market have come up a little they still are at an all time low as of April 2017. So if your tying to keep your monthly budget under a $1000 per month the above info graphic gives a good view of how to make that happen. Right now all things being equal your home purchasing power is still the best deal in the last 30 years.
Home had never taken water until the flood of 2016 when it got 15 inches of water. Seller had it gutted, mold remediated and renovated with new wood laminate floors in the Living Room, Dining Room and Hallway. The Living Room is large with a trayed ceiling and wood burning fireplace. The Dining Room could be formal or casual. The Kitchen has new granite countertops, New backsplash, New electric stove, white appliances, and lots of cabinets.
The Master Bedroom has plenty of room for a small sitting area if desired. The Master Bath is large with vanity, tub/shower combo and has a large walk-in closet. You’ll love the Laundry room with all the extra cabinets! Architectural Roof is only 2 months old. Your favorite place will be the large extended patio with a beautiful Arbor. Great place for all those family cook-outs! The 18×11 Lean To behind the storage room will accommodate your need tools. If that isn’t enough space you still have the 16×12 storage shed with electricity. And you still have a nice size yard! You cant beat this newly renovated home with all the goodies.
To view this home contact the Glenda Daughety Team. We are here to help you with all your Baton Rouge real estate needs.