Monday, February 25, 2013
The real estate market is very fluid in that rates change fairly quickly. The house you bought in the city of Greenwood Indiana ten years back had been priced much lower in recent years due to the housing downturn. This year, however, home prices are picking up slowly and many homeowners are choosing to have their homes appraised to determine their current fair market value. In a nutshell, getting the current value of your home necessitates comparing it with similar houses for sale in Greenwood Indiana.
Greenwood is located just off the very center of Indiana, fairly close to the state capital of Indianapolis. Proximity to the state center makes city living ideal for working professionals and big businesses alike. If accessibility is an overriding issue and you are looking to relocate, there are many real estate agents who can help with your home purchase. Here are some tips for choosing homes for sale in Greenwood Indiana.
Annual IncomeThe first thing you should do is to calculate your gross annual income, or the total of what you earn in a year, including employment income, assets and other investments. This will be the basis from which you will calculate your home affordability. Your pay stubs and annual income return are documents you may need to get a more accurate number.
LiabilitiesOn the other side of the column, add up the debts you still owe. Make sure you draw up a complete list of existing monthly debt obligations, such as car payments, credit cards, student loans, and other debts. These liabilities will determine how much you are already spending in a month and will determine your budget for your monthly home payments.
Down PaymentFrom your yearly income, determine how much you can or are willing to pay for in down payment. Many lending companies offer different rates based on your down payment. The higher you are willing to pay for your down payment, the better (lower) your mortgage rate will be.
Real Estate CostsBesides your monthly mortgage payments, you’ll have to take other annual payments into your calculations, such as real property tax, and homeowner’s insurance. Many real estate agencies, such as the Mike Duncan Real Estate Group, can give you solid advice regarding the current figures on property tax rules and policies in Greenwood, Indiana. For an estimate of homes you may be able to afford, enter the values (determined from the above considerations) in an online calculator. A roster of available homes will be shown and you can begin to choose from among the attractively packaged homes for sale in Greenwood, Indiana. Choosing and buying a home you want without breaking the bank is possible with just a bit of basic homework and calculations on your part.
Friday, August 13, 2010
First-Time Homebuyer Credit and
Repayment of the Credit IRS Form 5405
Do you qualify to amend your taxes to get back $6,500 as a long term home owner or $8,000 as a first time home buyer? If the date purchased is after April 30, 2010, and before October 1, 2010, did you enter into a binding contract before May 1,
2010, to purchase the home before July 1, 2010? If you are eligible you can amend your taxes with IRS Form 5405 to get your money. Form is available through www.IRS.gov
Wednesday, June 2, 2010
With the high inventory of homes in today’s market you have a choice and you should be able to get at least 80% of what you’re looking for. That’s right 80%. A home, will never measure up to meet exactly what you want so when looking for a home be realistic and good things will happen. Make a list of what you must have in a home and another list of what you would like in a home, this is your wish list. The list should be different. Keep in mind when looking for a home all homes must have everything on your must have list, don’t compromise your must have list. Now since every home you look at has everything you must have the bonus is the homes that have additional things that are on your wish list. Stay focused and be reasonable your new home is out there. Inventory is high, interest rates are low and homes are priced to sell. Sometimes a home is priced right and trying to get it for less may create hard feelings with the seller, be reasonable when making an offer. Your new home awaits you it’s out there now!