by kramoltz@hotmail.com | Jul 16, 2020 | Home Ownership, Mortgages + Lending
Reverse mortgages are a way for homeowners 62 and older to convert the equity in their homes into cash. These loans create cash flow to pay financial obligations when the owner doesn’t want to sell the home. The amount of a reverse mortgage is based on the equity or...
by kramoltz@hotmail.com | Jul 3, 2020 | Home Ownership
In a survey conducted between January and March of 2020 of more than 87,000 homeowners by Houzz, renovations remain a popular activity, particularly among older age groups. Baby boomers accounted for more than half of owners who renovated in 2019. Gen Xers (ages 40 to...
by kramoltz@hotmail.com | Jun 29, 2020 | Home Ownership, Taxes
Prior to January 1, 2020, an owner of solar panels was entitled to a 30% credit against federal income tax owed. In 2020 the credit was reduced to 26%. In 2021 the tax credit drops to 22%, and after that year it disappears. To qualify, a system needs to be “placed in...
by kramoltz@hotmail.com | May 26, 2020 | Home Ownership
How Real Property Is Valued. Having an understanding of appraisal concepts will help you understand how your property’s value will be determined. Appraisers find market value by analyzing real estate data utilizing three methods: the market data or comparable sales...
by kramoltz@hotmail.com | May 22, 2020 | Home Buying, Home Ownership
If you are buying a home, there may be items or components that need repairs. Here are 5 things to know when asking the seller to do corrective work: Let the small stuff go. You may offend the seller by asking for everything and so get nothing. Also realize you may...
by kramoltz@hotmail.com | May 13, 2020 | Home Ownership
As set forth in a previous blog The New No. 1 Counter Choice, Quartz is purportedly the most popular counter top material used by U.S. remodelers. Quartz is an engineered stone, composed of crushed quartzite and resins. Granite is used widely in the metro Phoenix...
