Upcoming changes in real estate transactions are imminent following the resolution of significant class action lawsuits involving sellers and the National Association of REALTORS� along with numerous leading real estate firms nationwide. These changes will have implications for sellers, buyers, and agents alike. There has been a lot of news...
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About: Maggi Pritchard
Recent Posts by Maggi Pritchard
How to change a second home to a primary home & why
Maggi Pritchard
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The tax benefits of owning both a first and second home can be significant, with the IRS allowing taxpayers to deduct interest and property taxes on both properties as itemized deductions on their tax returns, albeit with certain limitations. Interest deductions are limited to the amount of debt incurred to...
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Homeowner Strategies to Minimize Gain & Maximize Proceeds
Maggi Pritchard
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The gain on the sale of your home is determined by the price you sell the home, less selling expenses, less the price you paid for it, plus the capital improvements made during the time you owned the property. IRS and accounting use the term "basis" to describe your cost...
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Living the Dream: The Value of Homeownership
Maggi Pritchard
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Owning a home has long been considered a fundamental part of the American dream. It represents far more than just having a place to live�it embodies values, aspirations, and a sense of security. Here’s why homeownership is widely regarded as a key component of the American dream: Stability and Roots:...
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How to get a lower rate and a lower price
Maggi Pritchard
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Are you in the market for a new home and wondering which mortgage option is right for you? While the world of home financing offers a surplus of choices, one option often overlooked is the Adjustable Rate Mortgage, or ARM. If you’re in a market where interest rates are trending...
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