 |
|
|
First
Time Buyers' Dos And Don'ts
If
you are a first time home buyer, you have a lot to
learn.
Working from a blank
slate you must build an understanding of the housing
market, determine what you can afford, land a loan and
hone in on a home that's a good fit for your
lifestyle.
The transaction will
likely become your largest asset ever so there's
little room for error.
It is a daunting task,
but you can ease your concerns if you take the process
step-by-step, watching your footing as you move along
the path toward the American Dream.
Below is a list of
"Dos and Don'ts" to
|
|
|
|
Taking
The Real Estate Investment Plunge
Just
like buying a home to live in, taking the real estate
investment plunge requires taking stock of your
financial goals, planning and lifestyle before taking
the plunge.
Pretty much like buying
any property.
If you've got the time,
the money and the lifestyle that lends itself to
managing a real estate investment, you are just about
half way there.
However, both halves are
pretty big halves.
The National Real Estate
Investors Association says you've still got a lot of
work to do.
Here's what
Buy
your own home first. Buying a home will not only put
a roof over your head, but also teach you the true cost
of property ownership beyond the monthly mortgage
payment; give you a primer on financing; school you on
how location and changing market conditions affect
property values; give you the angle on tax and other
home-owning benefits; help you learn about property
maintenance;
CONTINUED >>>
|
|
Tax
Rebate Uses For Buyers
 What
should a smart home buyer do with that fat federal tax
rebate check?
Well,
it's not that fat, but it could come in handy for buyers
before, during and after the home buying transaction.
The
Economic Stimulus Act of 2008 includes, among other
provisions, tax rebates, bureaucratically dubbed
"economic stimulus payments."
Starting
in May, the U.S. Treasury Department will begin sending
rebates to taxpayers, who had $3,000 of income and filed a
2007 tax return and have a valid Social Security number.
Eligible taxpayers will receive up to $600 ($1,200 for
married couples). Parents will receive an additional $300
for each eligible child younger than 17.
If
you are a retiree, disabled veteran or low-wage worker who
is otherwise exempt from filing a tax return, you must
file a tax return this year in order to receive a rebate.
The
rebate -- both the basic component and the additional
funds for qualifying children -- begins to phase out for
individuals with adjusted gross incomes (AGI) over $75,000
and married couples who file a joint return with AGI over
$150,000. The combined payment is reduced by 5 percent of
the income above the AGI thresholds.
You
can estimate what your tax rebate take might be with the
Economic
CONTINUED >>>
| |
|
|
|
New
Listings - Single Family Homes
Click the
Buttons to View More
Pohakupu
Gem (4/3 1/2)
MLS-2805763
Just the cutest, totally Upgraded GEM in
Pohakupu, 4 bedrooms, 3
1/2 baths (one bath is a Jack&Jill bath). Lovely yard with 2 lanais,
mango and avocado trees.
Ewa
Beach Bargain (3/2)
MLS-2807313 What a
bargain! Spacious 3/2 in Gentry's
Summerhill in Ewa Beach. Large 2 car garage and extra parking in
the driveway. Shaded long lanai useable all year! New
paint, flooring and many upgrades.
 
A beautiful estate in exclusive Portlock with deeded Ocean access,
large in-ground pool, 5br, 4ba, mature landscaping, and even a
treehouse!
Click Here for ALLFeatured Listings |
More Articles:
WHEN YOU ARE READY TO BUY!
|
|
|
| |
|
