Real Estate Blogs Of The Carolina's

Property taxes are an essential part of homeownership, but understanding how they are calculated can feel like unraveling a complex puzzle. However, by unlocking the secrets of property tax calculation, homeowners can gain valuable insights into their tax obligations and make more informed financial decisions. In this article, we will demystify the property tax calculation process, providing homeowners with a comprehensive understanding of the factors involved. Understanding Assessed Value - The first piece of the property tax puzzle is the assessed value of your home. Assessed value refers to the value assigned to your property by the local taxing authority for tax purposes. It is typically determined by professional assessors who consider various factors such as property size, location, improvements, and recent sales of comparable properties. Understanding how assessed value is determined is crucial, as it forms the foundation for calculating your property tax. Individ...

Planning for a comfortable and secure retirement is a priority for many individuals. While traditional investment options like stocks and bonds play a crucial role, there's another avenue that holds great potential, rental real estate. Let's explore the 12 key benefits of investing in rental real estate for retirement, shedding light on why it is a smart strategy to consider. Steady Passive Income - Rental real estate offers a consistent stream of passive income, providing a reliable source of cash flow during your retirement years. This income can serve as a supplement to other retirement funds, ensuring financial stability and peace of mind. Inflation Hedge - Rental income has the unique advantage of increasing with inflation. As living costs rise, rental prices can be adjusted accordingly, safeguarding your purchasing power, and allowing you to maintain your desired lifestyle. Potential for Appreciation - Investing in rental properties allows you to benefit ...

Getting started on the road to rental investments is generally the most difficult obstacle for people without 25-30% down payment.   That is where buying the property as an owner occupant can be a huge advantage. The first example would be to buy a home to live in with a minimum FHA down payment of 3.5%.   If you find the right seller, they may even participate in paying part of your closing costs.   This type of loan requires that you live in it, which if it is a single-family property, means you won't be able to rent it while you are living in it. There is no set period but after living in the property for a while, say a year or so, you buy another single-family home to live in but instead of selling this home, you rent it.   With rents as high as they are currently, it will probably even have a positive cash flow. The rub may be in putting together another down payment and closing costs to acquire the second property.   There is no physical lim...

Purchasing a home can feel like an overwhelming project, but the long-term advantages of homeownership make it a smart investment to secure your future where the benefits extend beyond simply having a place to live. Building equity is one of the most significant advantages of owning a home. As you make mortgage payments, your equity increases, and over time, your home can become a valuable asset to use the equity to finance home improvements, pay for college tuition, or even as a down payment on a second home. Two factors determine equity; the home going up in value and the unpaid balance of the mortgage being paid down.   Appreciation is the increase in value expressed in an annual amount.   Homes have averaged 4% nationally for the past 50 years.   Amortization is the systematic principal reduction that occurs with each house payment made. Another advantage of buying a house is the stability of housing costs. With a fixed-rate mortgage, your monthly princi...

Property Site: https://tour.corelistingmachine.com/home/E37RZY/538-Park-Street-Kannapolis-NC-4042983 Bedrooms: 3 Bathrooms: 2 Square feet: 1,191 Price: $299,500 For more information about this property, please contact Jamie Young at 803-960-1668 or jamieyoung@sellstateexecutive.com. You can also text 7994002 to 67299 (Message and Data Rates May Apply, see terms and privacy policy ). See more listings at: https://jamieyoung.sellstateexecutive.com MLS ID: 4042983

Property Site: https://tour.corelistingmachine.com/home/E37RZY/538-Park-Street-Kannapolis-NC-4042983 Bedrooms: 3 Bathrooms: 2 Square feet: 1,191 Price: $299,500 For more information about this property, please contact Jamie Young at 803-960-1668 or jamieyoung@sellstateexecutive.com. You can also text 7994002 to 67299 (Message and Data Rates May Apply, see terms and privacy policy ). See more listings at: https://jamieyoung.sellstateexecutive.com MLS ID: 4042983

Having a list of talking points prepared before meeting with a real estate agent can be incredibly valuable in guiding the conversation and helping you make an informed decision about who will represent you in the sale of your home. Whether you're a first-time seller or it has been a while since you last sold a property, asking these questions can reveal important information about the experience and expertise of your candidate. Even if you already have a trusted friend who is a real estate agent, it's still appropriate to understand how different issues will be handled. A true professional should not feel challenged to discuss these important concerns. Tell me about your experience and training. Do you work in real estate full-time? Are you a REALTOR� and a member of MLS? What is the average price of the homes you have sold and how many did you sell last year? Which neighborhoods do you primarily work? How many homes have you sold in my neighborhood? What is your...