It is generally considered a seller’s market when the conditions favor the seller. This condition exists when demand is high and supply is low without any significant adverse economic conditions taking place. Demand is determined by ready, willing and able buyers. Low interest rates with indications that they will begin...
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About: Maggi Pritchard
Recent Posts by Maggi Pritchard
Don’t Leave Home Without…
Maggi Pritchard
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Planning a summer trip is usually focused on what you’ll do, see and experience. Enjoy it even more by spending a little time before you leave to make sure your home is safe while you’re gone. Consider these suggestions along with your other normal efforts: Tell your neighbors you’ll be...
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Another Source for a Down Payment
Maggi Pritchard
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Most taxpayers know that they will pay a 10% penalty if they withdraw funds from their IRA before they turn 59.5 years old. There is an exception for first-time home buyers that allows a penalty-free withdrawal of up to $10,000 per person if they haven’t owned a home in the...
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Record Improvements Now
Maggi Pritchard
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There is a significant difference in how the money you spend on your home is treated for income tax purposes. Repairs to maintain your home’s condition are not deductible unlike rental property owners who can deduct repairs as an operating expense. On the other hand, capital improvements to a home...
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Cut Your Housing Costs in Half
Maggi Pritchard
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Serious shoppers wait for a 50% off sale to make the decision because of the bargain factor. Renters who are serious about lowering their monthly cost of housing should consider buying with today’s low mortgage rates. For an example, let’s assume a person buys a $200,000 home with 3.5% down...
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