Posted By C. Brown Real Estate is very mysterious in recent times. You don't know where it is going. One day your property is worth $500,000 and then over night it depreciates to only $375,000 because of other peoples' mistakes. Real Estate tax can be just as tricky as real estate itself. If your real estate appreciated since the time you bought it, your taxes should go down when you try and sell your house. Instead people don't realize that they are still paying lots of money in taxes even though their house went down in value. Educate yourself. Sellers shouldn't try and sell their house(s) without a real estate broker. Real estate brokers are efficient, smart, and very much prepared to handle any and all situations that may arise. New buyers must be smart as well. Try not to get into a (ARM) Adjustable Rate Mortgage. These are mortgages and interest payments that are not fixed and actually vary depending on the market amongst other factors.
References:
http://www.businessweek.com/lifestyle/content/jun2008/bw2008065_526168.htm?chan=rss_topEmailedStories_ssi_5
No comments:
Post a Comment