The amount of property tax that you pay depends on the municipality you live in. It is usually calculated as a percentage of your assessed home value. While they can be below 1% of your home’s assessed value in some areas, property taxes can exceed 5% in others, which can make your monthly payments balloon.
Latest Buying Articles
Calculating the REAL costs of Home Ownership
Posted on October 21, 2009 by Todd LevinsonFirst Time Home Buyers Help: 3 Tips to Get You into Your Dream Home
Posted on October 21, 2009 by Mr. W. McGuinnBuying your first home is likely the largest single purchase you have ever considered, which is why first time home buyers help is necessary. Because of the cost and significance, it is important to understand all of the details surrounding the potential purchase.
MLS Listing Search for Santa Cruz, CA and Great Real Estate
Posted on October 21, 2009 by Gerald ConnorSearching for real estate in Santa Cruz, CA might not be as easy as you think. There are many beautiful beach front houses, but you need to look at them and ask a lot of questions before you make your purchase.
Landscaping Your New Yard: Underground Menaces
Posted on October 21, 2009 by Gregg CampIn many cultures, the traditional living arrangements that families had was for multiple generations to live under one roof and help take care of the household together; in our modern times this has become more of a rarity, but due to financial concerns some families are returning to a multi-generational living arrangement.
Extension of the Home Buyer Tax Credit for Some
Posted on October 21, 2009 by Todd LevinsonThe Home Buyer Tax Credit was created to encourage first-time home buyers to purchase their first home and is calculated as 10% of the home’s purchase price up to $8000. By taking advantage of this tax credit, new home owners now have a financial advantage that can make home ownership that much easier. It’s like having one’s closing costs and taxes for the year paid for with a bit left over.
What To Look For In a Rental Property
Posted on October 21, 2009 by Justin HavreAfter watching your so called "stable investments" take a nose dive in the last year, maybe you've decided to take the plunge and diversify your investments. It's still a buyer's market and interest rates are the lowest they've been in years, so real estate is the logical choice.
The Cost of Purchasing a House for Sale in Omaha NE?
Posted on October 21, 2009 by Peter O.What are ALL the costs of buying a home. This is a quick overview of the costs of the home buying process. The following are explained: Upfront costs PMI (private mortgage insurance) Gifts Earnest Money Deposit Closing Costs
Is Now the Time to Buy Your First Home?
Posted on October 26, 2009 by Eric BramlettAs a result of our struggling worldwide economy, we have all heard plenty of horror stories about people losing their homes and jobs. Due to the near collapse of many of the largest banks in the world, we have also heard that the credit squeeze has made it nearly impossible to open a new line of credit or to take out a loan. As a result, the housing market has nearly screeched to a halt.
Buying Older Homes: Be Aware of Possible Problems
Posted on October 21, 2009 by Tommy PenningtonWith all the great deals on homes on the market these days, it is a perfect time to pick up a vintage home for a fabulous price. There are a myriad of older homes, both foreclosures and not, going for a veritable steal on the market right now. However, with the purchase of older homes, there are many possible problems that you can be buying into as well.
Bidding on a Deal: Some Considerations for Buying a Home
Posted on October 21, 2009 by Tommy PenningtonThere are currently many home buyers looking to take advantage of the glut of foreclosures and short sales on the market. Some of the better priced homes are getting snatched up quickly; these fast transactions are making some home buyers make hasty bids on properties which they may come to regret. There are few ways to help you go about buying a home that you won’t regret though.
Popular Buying Articles
Time To buy A New Condo? Things To Know When Switching From Rent To Own
Posted on October 17, 2008 by Robert ThomsonSo, you're thinking about purchasing a new Vacation Home? Great! Vacation Home ownership is a rite of passage which we all want to make at some point in time - especially when you ponder that all the rent you're paying now could be going toward the purchase of a Vacation Home you can truly call your own. But when it comes to purchasing a new Vacation Home, there are a number of factors you need to take into consideration - everything from just how much house you can Really Afford, to whether you...
Your Home as a Lifestyle Investment
Posted on June 26, 2009 by Lauren KlineSure, the home may be worth a lot and is slated to increase in value, but that may not make up for the fact that you have little money to spend on everyday comforts due to the high cost of the mortgage or your hobbies are hampered by your home’s failure to accommodate them.
Live the Luxurious Lifestyle at Trump Palace
Posted on February 1, 2009 by Leon BelenkyDonald Trump is not just an icon in the business world, but there's just something about his name that suggests success. Let's face it, when you can afford to stay at a place like the Trump Palace, that's when you know you've finally made it. Donald Trump spares no expense when it comes to accommodating his most affluent guests.
Is it time to buy in the Tucson Real Estate Market
Posted on July 4, 2009 by Aniruddha BadolaWe get asked every week is it time to buy a home in the Tucson and surrounding areas of Oro Valley, Marana and Vail. We thought that we would give some insight into the current home sales statistics, the amount of homes for sale, and current real estate news that affects current home sales in the Tucson area...
Escrow is an Intergral Part of Buying a Home
Posted on August 16, 2008 by Lee BellLearn what escrow is. Escrow is a protection for both buyer and seller.
Calgary: City of Adventure
Posted on June 26, 2009 by Justin HavreThe Canada Olympic Park and the Olympic Oval speed skating facility are two fabulous Olympic venues that remain in use in Calgary. The Canada Olympic Park is used in the winter for training athletes in winter sports and is also open to the public for skiing and snowboarding during the winter months and cycling during the summer. The Olympic Oval is open to the public for skating as well as being a training facility for speed skaters.
Buying a Home? Be Upfront with Your Agent
Posted on July 4, 2009 by Justin LeeWhile I think that agents should ask their clients questions, I don't believe that it is up to the agent to ask his or her clients for every possible combination of needs that they might require out of a property. At some point it becomes the responsibility of the buyer to let the agent know what they need.
A Slice of Aloha: Vacation Property in Hawaii
Posted on June 11, 2009 by Tony KawaguchiSo, where is the best place to shop for vacation property? Well, if you're looking to buy a house or condo at a discount, but you want to make sure that the property value will remain strong for many years to come, then Hawaii could be your best bet.
Buying a House without Using Your Own Money
Posted on November 8, 2007 by Arthur YorkPurchase of a house requires investing a hefty amount of money in it, which is often not something you have right away. Is it at all possible to buy a house without spending any cash?
Purchase Contingencies: A Beginner's Guide
Posted on June 26, 2009 by Tony KawaguchiA suspensive condition puts the sale on hold until some event occurs. An example of a suspensive condition could be based on the buyer selling their own home to free up the funds needed to make their purchase. A resolutive condition is one that terminates the contract in the case of a certain outcome.
