Some buyers think that finding the right home is the critical part of the buying process and that is how they determine which agent to use. While it is important, there may be a broader skill set to consider when selecting your real estate professional. The most recent NAR Profile of Home Buyers and Sellers […]
Divorcing? Here are some tax tips
Some divorcing homeowners end up with unanticipated tax bills when they sell their home. Find out how you can avoid being one of them. The federal tax law signed by President Donald Trump Dec. 22, 2017, may affect home ownership tax benefits described in this article. The new law goes into effect for the 2018 […]
Percentage of homeownership has increased
The famous quote by Mark Twain in the title of this article can be used to describe homeownership in America today. Last week, the Census revealed that the percentage of homeowners in the country increased for the first time in thirteen years. A story in the Wall Street Journal gave these new homeownership numbers some […]
This Weekend in Colorado Springs!
City of Cripple Creek Bennett Avenue, Cripple Creek, CO 80813 Take the whole family out for this great event in Cripple Creek! This Friday, February 9, 2018-February 18, 2018. The Cripple Creek Ice Festival is a spectacular event. Go watch ice sculptors carve ice into beautiful works of art that will amaze you. Go dressed […]
New homeowners and taxes
Magic 8 ball says yes. Here’s what to know to itemize tax deductions as a homeowner. The federal tax law signed by President Donald Trump Dec. 22, 2017, may affect home ownership tax benefits described in this article. The new law goes into effect for the 2018 tax year and generally doesn’t affect tax filings […]
Don’t rent…buy!
In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.” Bach went on to explain: “Homeowners are […]
Only Colorado Natives understand this….
15 Things You’ll Only Understand If You Grew Up Near The Mountains If you grew up in Colorado, you not only had the best childhood ever, but you know more distinct truths about the Centennial State than those who transplanted later in life. Need an example? Here are 15 things you’ll only understand if you […]
Convincing Advantages with Standard Deduction
The new tax law doubles the standard deduction and it is estimated that over 90% of taxpayers will elect to use it. However, even without considering tax benefits, homeownership has convincing advantages. Besides the personal and social reasons for owning a home, one of the most compelling is that it is cheaper. Principal reduction and […]
How long to keep your tax records
Here’s a checklist to help you decide what tax and home records to keep. The federal tax law signed by President Donald Trump Dec. 22, 2017, goes into effect for the 2018 tax year and generally doesn’t affect tax filings for the 2017 tax year. Here’s a detailed summary of the changes. Unless you’re living […]
How long will these bidding wars last?
Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase. In many areas of the country, the supply of homes for sale in the starter and trade-up home markets is so low that bidding wars have […]