There are many advantages associated with home ownership. The American Dream offers financial gain, stability and many social benefits. A real estate agent will tell you that one of the biggest perks associated with home ownership can be found when filing your taxes, and depending on your situation, there may be thousands of dollars coming back your way.
If you use a professional to prepare your taxes, he or she will know these tax benefits inside and out. But for the first-time homeowner, for people preparing their own taxes or for those who are new homeowners in New York State, Columbia-Greene Board of Realtors® has some tips for tax season.
By Ron Caplan
Many agree: listing a home for sale in the spring is a time-honored ritual, since that’s when the shoppers emerge from hibernation. Though there is much to be said for keeping your house on the market in winter, when there is less competition from other sellers, winter is a good time to begin the process of selling – for which preparation and planning are key.
Helping Foreclosure Survivors Get Back into the Market -- and Tips for Buying a Foreclosed Property
During the Great Recession, the National Association of Realtors® analyzed that nearly 9.3 million homeowners underwent a foreclosure, deed-in-lieu of foreclosure or a short sale. After sitting out of the market for several years to rebuild their credit, these former homeowners are slowly coming back to the market looking for another chance at homeownership. In addition, some buyers have sought to take advantage of foreclosed properties in hopes of greater affordability.