Changes the Biden Presidency Could Bring
Policies that Biden is proposing: 1. Reinstate the Affirmatively Furthering Fair Housing rule, which had been repealed in July by Trump. The 2015 rule required local governments receiving federal housing financing to devise plans to address discriminatory housing practices in their communities. 2. Biden has pledged to spend $640 billion on affordable housing over the next decade. 3. A Biden presidency could also mean changes to 1031 exchanges: He has pitched making them available only to those making less than $400,000 a year. 4. Re-establish the First-Time Homebuyers’ Tax Credit, which was originally created during the Great Recession to help…
The Pandemic and the Housing Market
I don’t need to tell you that the virus is back in full force with the largest number of new cases reported today. With regards to real estate this year, COVID has caused a flight from the city to the suburbs and an uptick in people buying vacation homes. Why is that? People are spending most of their time at home now – working from home, children remote learning and people bringing their parents into the fold so they can take care of them during lockdown have all caused a strain on everyone’s household. People need more space for home…
Remodeling Projects That Will Boost Your Home’s Value
There are two ways to think about remodeling projects that will boost your home’s value; you can get one or two major remodels done or opt for a bunch of small fixes. Depending on your budget and your timetable, one approach may be better for you than the other. For instance, if you have an unfinished basement, maybe your dream when you first moved into your home was to refinish it. It never happened. But now that you are thinking about selling your home, you feel that a prospective buyer would really appreciate a full finished basement. Is that the…
Signs that Now is the Time to Sell Your Home
There are many reasons why it may be time to sell your home. You may need more space to make room for a growing family or you need to downsize after your kids leave the nest. Whatever your motivations, you want to make sure that you’re timing it right. If you sell when home prices are plummeting, you may end up losing on the deal. If you sell when home prices are highest, there may not be a lot of buyers looking to move. So how do you know when it’s a good time to sell? A qualified agent can…
Tips for First-Time Homebuyers
Most homebuyers start the process anxious, excited, nervous, and some are downright terrified. It’s natural. A home is the largest and most expensive purchase that most people will make in a lifetime. It can either turn out to be a complete financial disaster or a smart long-term investment. The person standing between it being a huge financial mistake or a valuable asset is you, the agent. Still, the agent can only help as much as the buyer allows. As vital as having an experienced agent by their side is, there are things that first-time homebuyers have to do. Here is…