Homeowners are familiar that they can deduct the interest and property taxes from their income tax returns. They also understand that there is a substantial capital gains exclusion for qualified sales of up to $250,000 if single and $500,000 for married filing jointly. However, ongoing recordkeeping tends to be overlooked....
Read more
About: Maggi Pritchard
Recent Posts by Maggi Pritchard
Costs More – Takes Longer
Maggi Pritchard
Comments are closed
The one experience that homeowners can agree upon after completing a remodeling project is that it costs more and takes longer than expected. It doesn’t really matter that you researched, planned, and received multiple bids, it will, invariably, cost more and take longer than you originally anticipated. Replacing floorcovering or...
Read more
Case Study – Housing Decision During Retirement
Maggi Pritchard
Comments are closed
A couple is planning to tour the United States in a travel trailer during their first few years of retirement. They are going to sell their current home now and purchase another home when they finish their travels. An interesting exercise is to determine the optimum time of selling the...
Read more
Waiting Period After Distressed Sale
Maggi Pritchard
Comments are closed
“How long do we have to wait to qualify for another mortgage” is the question concerning people who’ve had a foreclosure, short sale or bankruptcy. The loan types for the new loan will differ in amounts of time to heal credit scores based on the event. The following chart is...
Read more
Waiting Will Cost More
Maggi Pritchard
Comments are closed
With the first quarter of 2018 in the books, the 30-year fixed rate mortgage is nearing what Freddie Mac predicted it would be in the second quarter. If this pace continues, rates will exceed the five percent mark expected by the end of the year. The Fed has had its...
Read more
Recent Comments by Maggi Pritchard
No comments by Maggi Pritchard yet.
