Kriss Stevens & Scott Manley - CENTURY 21 Cobb Real Estate



Posted by Kriss Stevens & Scott Manley on 12/9/2019

Buying your first home is probably one of the biggest purchases you’ll make in your life. But, it does come with its advantages. Among them are tax breaks and deductions that you can take advantage of to save money if you play your cards right.

In today’s post, I’m going to cover some of the tax breaks and deductions that first-time homeowners should seek out this tax season to help them lower their tax bill.

Mortgage points

While earning points is a good thing on the basketball court, it can be a financial drain on a mortgage. Mortgage points are what buyers pay to the lender to secure their loan. They’re usually given as percentage points of the total loan amount.

If you pay these points with your closing costs, then they are deductible. Taxpayers who itemize deductions on their IRS Form 1040 can typically deduct all of the points they paid in a year, with the exception of some high-income taxpayers whose itemized deductions are limited.

PMI costs

If you’re one of the many people who made a down payment of less than 20% on your home, odds are that you’re going to be stuck with PMI, or private mortgage insurance, until you pay off at least 20% of the loan balance.

The good news is that homebuyers who purchased their home in the year 2007 and after can deduct their PMI premiums. However, the state on premium insurance deductibles is something that frequently comes up in Congress, so homeowners should ensure that these deductions are still valid when filing their taxes.

Mortgage interest

Mortgage interest accounts for the biggest deduction for the average homeowner. When you receive your Form 1098 from your lender, you can deduct the total amount of interest you’ve paid during the year.

Property taxes

Another deductible that shouldn’t be overlooked by first-time buyers is local property taxes. Save the records for any property taxes you pay so that you can deduct them during tax season.

Home energy tax credits

Some states are offering generous tax credits for homeowners who make home improvements that save energy. There are a number of improvements you might qualify for, including things like insulation and roofs, as well as photovoltaic (PV) solar panels.

IRA Withdrawals

Many first-time buyers withdraw from an IRA account to be able to make a larger down payment on their home or to pay for closing costs. In most other cases, withdrawing from an IRA will count as taxable income. However, if your IRA withdrawal is used toward a down payment or closing costs, the tax penalty is waived.


Keep these tax breaks and deductions in mind this tax season to help you save money and get a larger refund.





Posted by Kriss Stevens & Scott Manley on 12/2/2019

No matter how you look at it, putting your home on the market is a life-changing experience!

Not only will it change your future circumstances, but it will have an impact on your day-to-day routine, right now.

If your home is actively being shown by real estate agents, there are a few things you may need to do on a regular basis to make the best possible impression on potential buyers:

Keep it clean: Ordinarily, most homeowners aren't inclined to thoroughly clean their house every day -- or "at a moment's notice." Very few people have the time or motivation to keep their home's immaculate on a constant basis; it's exhausting just thinking about it! However, when your house is being viewed by prospective buyers, cleanliness -- or the lack, thereof -- will be noticed. Although "old habits die hard," it may be necessary to enlist the help and cooperation of your children (and spouse) in keeping the house looking presentable at all times. While it's unrealistic to expect your home to look immaculate day after day, it might be necessary to establish some new rules and standards for your family to follow about picking up clothes, toys, snack wrappers, and food residues. If you can maintain a "semblance of order" on an ongoing basis, then it shouldn't be too difficult to prepare your home for the next showing. While you'll usually get at least 24-hours notice before a house showing is scheduled, there may be the occasional request for a same-day visit.

Appearances count: "Keeping up Appearances" is more than just a popular British sitcom; it's a necessary goal for anyone hoping to sell their home within a reasonable period of time. Doing your best to stage your home in an attractive, inviting way is a key ingredient to a successful home-selling strategy. Setting priorities for curb appeal will also help you put your best foot forward in a competitive real estate market. Although many aspects of home staging are based on common sense and simple home decorating principles, it's difficult to be objective when your family's home is involved. There's certainly a lot of credible information online concerning the benefits of reducing household clutter and leaning toward neutral paint colors, but you can also turn to your real estate agent for tips on enhancing your home's curb appeal, interior appearance, and overall marketability.

Unless the home you're selling is relatively new or completely updated, there are a lot of decisions to make about how much time, energy, and money should be spend on upgrades, repairs, and enhancements. While everyone's situation, budget, and timetable is different, it's usually necessary to correct issues that might be considered a glaring problem or a deal breaker. Sometimes those issues don't come to the forefront, however, until you get specific feedback from agents and prospective buyers.





Posted by Kriss Stevens & Scott Manley on 11/25/2019

If you’re in the market to buy a home, you have a lot of options. Do you want to buy a fixer-upper? Should you get a home close to the city or nestled in the suburbs? How much can you spend on a home to get the amount of space you’ll need for you and your family. There are so many variables that exist in the decision to buy a house.


One thing that many buyers want but aren’t sure of is the concept of a “move-in-ready” home. Sometimes, move-in-ready means that a home is brand spanking new. There should be no work in the house that needs to be done because everything is installed new during construction. As soon as construction is completed, you should be able to move right into the home. 


Other homes that are deemed ready to move right in are those that are relatively new and have very little work to do. If a home has a roof that’s caving in, it’s not move-in-ready. If a home needs paint, it’s a sure bet that you can move right in. You may just need a bit of elbow grease in some of these situations. It’s your job to let your real estate agent know what you are looking for and what your budget is. Read on to discover the benefits of buying a move-in-ready home. 


You Can Enjoy It ASAP


It takes a lot of work and a lot of cash up front to buy a home. You want to enjoy the fruits of your labor sooner rather than later. If you buy a home that needs little to no work, you’ll be able to enjoy it sooner. There’s no waiting period to move in when you buy a house that’s in excellent condition. You can just start living.


New Upgrades


If you buy a home that you can move right into, you will often get things that are trending at the moment. The best of appliances, technology, and security are just some of the benefits that you’ll be able to enjoy when you buy a home that doesn’t need a lot of work. 


Good Location


Many times, you’ll find move-in-ready homes in great locations. These homes will also give you a great resale value once you head to sell the house in the future.


Motivated Sellers


Whether you buy a brand new home or a home that has been upgraded, these sellers are often very motivated. Builders want to get paid for the work they have done. Sellers of upgraded homes wish to get their homes off of their hands and get a return on their investment.


Finding a move-in-ready home may take some time, but the benefits are definitely worth it.          




Categories: move-in  


Posted by Kriss Stevens & Scott Manley on 11/11/2019

A home showing represents a valuable opportunity for a property buyer. However, there may be instances in which a buyer is unsure about whether to attend a house showing. Lucky for you, we're here to help you weigh the pros and cons of scheduling a home showing.

Now, let's take a look at three questions to consider before you attend a house showing.

1. Is a home the right size for me?

Take a look at a home listing and find out the square footage and number of rooms in a house. That way, you'll be able to determine whether a house is the right size for you without setting foot inside the residence itself.

Of course, you should consider your immediate and long-term plans as you evaluate a home's size. If you plan to start a family soon, for example, you may want to search for a home that offers sufficient space for you, your spouse and your children. Or, if you intend to retire in the foreseeable future, you may want to pursue a small home that requires minimal maintenance.

2. Is a home located in one of my preferred cities and towns?

Think about where you want to reside. Oftentimes, it helps to make a list of preferred cities and towns and narrow your home search to these areas. And if you find a home you want to check out in one of these cities or towns, you then can schedule a property showing.

In addition, it is important to remember that a big city home may prove to be more expensive than a comparable residence in a small town. If you decide to pursue a house in a big city, you may face increased competition for city homes in comparison to small town residences too.

3. Could a home be my dream residence?

Ultimately, if there is even a small chance that a home could be your dream residence, it may be beneficial to set up a showing. If you attend a showing and find a residence is your ideal house, you can submit an offer to purchase this home. On the other hand, if you attend a showing and find a residence falls short of your expectations, you can simply continue your pursuit of your dream house.

As you conduct your search for your ideal residence, it generally is a good idea to hire a real estate agent. This housing market professional will set up home showings, keep you informed about new residences that become available in your preferred cities and towns and much more. Plus, if you ever have concerns or questions during the homebuying journey, a real estate agent is ready to respond to them.

Consider the aforementioned questions before you schedule a home showing – you will be glad you did. And if you decide to attend a house showing, you will be better equipped than ever before to determine whether a particular home is right for you.




Categories: Buying a Home   buying tips   showing  


Posted by Kriss Stevens & Scott Manley on 11/6/2019


60 Grove Street , Barnstable, MA 02601

Hyannis

Single-Family

$299,900
Price

2
Beds
4
Total Rooms
1
Baths
RENOVATED~A MUST SEE! In town location, close to Main Street, restaurants, shopping, gym, post office, libary and Nantucket Sound warm sandy beaches! This adorable home packs a BIG punch with 32 feet of open living! Light and Bright! All new from the new gorgeous kitchen with stunning granite, beautiful stainless steel appliances, recessed lighting and dining area with vaulted ceilings, bathroom, wood floors throughout with 8 foot ceilings. New roof, windows, siding, painted inside and out , new deck, fenced in yard and shed! Full basement with interior access. You will appreciate the inviting beautiful tiled porch with bead board! You feel like you are on vacation! Nothing left to do! Better hurry!
Open House
No scheduled Open Houses

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Categories: New Homes