New York City Mayor Bill de Blasio proposed what he called a “mansion tax” that would apply to homes worth $2 million or more in late January. This mansion tax, equal to 2.5% of the purchase value of the home, would be used to fund affordable housing throughout the city. Only in NYC – For… [Read More]
Figuring Your Annual Home Maintenance Budget
Buying a home is exciting, and it frees you from many of the burdens associated with renting. However, as a homeowner, you’ll need to make sure you create an annual home maintenance budget so you can avoid expensive repairs by keeping things in good working order all year round. Here are two rules for doing… [Read More]
Why Aren’t Millennials Buying Homes?
Statistically, millennials (typically speaking, people under the age of 35) are the demographic least likely to purchase a home as of 2016. There are many different reasons why the number of millennials buying homes is so low, and some of them may surprise you. #1 – Student Loans Hold Them Back The number one thing… [Read More]
Ready to Buy a Home? 5 Questions to Ask Yourself
Most people are excited about homeownership, but not everyone is actually ready to buy a home. Before you make the plunge, review these five signs and make certain that you have what it takes – both financially and mentally – to buy your very first home. #1 – Are You Planning to Stay? Most people… [Read More]
Pro Advice for First-Time Home Buyers
If you’re like most first-time home buyers, you’ve probably heard plenty of advice. Save your down payment. Find the best real estate agent. Learn about your local market. All of this advice is excellent, but there are some things that the real estate industry in general doesn’t tell you. Below, you’ll find some pro advice… [Read More]
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