If you’re a homeowner thinking about selling your house, you’re probably looking for the best time to make your move. That means you’re likely balancing a number of factors, like your changing needs, where you’ll go when you sell, and today’s mortgage rates in order to time it just right. According to recent data, that sweet spot could already be here. The latest Home Purchase Sentiment Index (HPSI) by Fannie Mae finds that 76% of consumers believe now is a good time to sell. The graph below shows the percentage of survey respondents who say it’s a good time to sell a house. The big dip in Mar ..read more

The link between financial security and homeownership is especially important today as inflation rises.  But many people may not realize just how much owning a home contributes to your overall net worth. As Leslie Rouda Smith, President of the National Association of Realtors (NAR), says: “Homeownership is rewarding in so many ways and can serve as a vital component in achieving financial stability.” Here are just a few reasons why, if you’re looking to increase your financial stability, homeownership is a worthwhile goal. Owning a Home Is a Building Block ..read more

Once upon a time, wannabe homebuyers could leisurely peruse a variety of properties in their price range, mull over their choices, put in an offer, and presume they’ll be moving in soon enough. But how things have changed! In today’s hot seller’s market, scads of desperate house hunters scramble for limited inventory, paying sky-high prices to beat out other bidders. As the homebuying landscape has evolved, so too must homebuyers, ferreting out a whole new set of insider ploys that can give them the edge in today’s market. To keep you up with the times, we pressed real estate agents and broker ..read more

While some people are content in renting, most have that lifelong dream of owning a home. It does come with responsibility of course, but it also has benefits that people might not realize. Tax benefits. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, and some of the costs involved in buying a home. Historically, real estate has had a long-term, stable growth in value. In fact, median single-family existing-home sale prices have increased on average 5.2 percent each year from 1972 through 2014, according to the National Association of REALTORS®. T ..read more

REALTORS® are members of the National Association of REALTORS® and subscribe to its strict Code of Ethics. When you’re buying a home, here’s what an agent who’s a REALTOR® can do for you. Act as an expert guide. Buying a home typically requires a variety of forms, reports, disclosures, and other legal and financial documents. A knowledgeable real estate agent will know what’s required in your market, helping you avoid delays and costly mistakes. Also, there’s a lot of jargon involved in a real estate transaction; you want to work with a professional who can speak the language. Offer obje ..read more

What are the tax benefits of owning a home? Plenty of homeowners are asking themselves this right around now as they prepare to file their taxes. You may recall the Tax Cuts and Jobs Act—the most substantial overhaul to the U.S. tax code in more than 30 years—went into effect on Jan. 1, 2018. The result was likely a big change to your taxes, especially the tax perks of homeownership. This revised tax code is still in effect today. You may remember that in the past two years, the Internal Revenue Service delayed filing season by about two weeks due to COVID-19. But don’t look for extensions th ..read more

If you have any questions about this, please don’t hesitate to call our office at 307-655-5555! Our knowledgable and friendly agents will be happy to answer any questions you might have. Even if you are looking at a “down the road” purchase, you can’t be too prepared!   The post The Difference Between Renting and Owning appeared first on Concept Z – Home & Property – Sheridan, WY Real Estate ..read more

January 10, 2022 The majority of home buyers—87%—finance their home purchase. But some aspiring buyers may delay their purchase due to persistent myths over down payment requirements. Thirty-five percent of consumers believe they need a down payment of 16% to 20% of the purchase price. Ten percent believe they need more than 20% for a down payment to purchase a home, according to survey data from the National Association of REALTORS®. Home price increases in the double digits over the past year alone make saving for such a large down payment an even tougher hurdle. Read More: In th ..read more

Home maintenance tasks aren’t going to be any easier at the start of a new year than they were during the holiday bustle of December. You’ve buttoned up the house against the cold, and you’re in the dead of winter without even a glimpse of spring in sight. Still, homes must be maintained, even in January. Why? It’s always easier and cheaper to do home maintenance than to repair a home—sometimes to the tune of thousands of dollars. Since we’re all about saving you time and money, we’ve created a handy checklist of home maintenance tasks that need to be completed t ..read more

We’re just going to say it: It’s been a year. In fact, it’s been a couple of years, which means we truly deserve a respite in the form of something pretty to gaze at for a change. Fortunately, the global color experts at Pantone have got us covered, with their 2022 Color of the Year—and this time, she’s a beaut. Behold: “Very Peri,” a gorgeous periwinkle that could inject a bright spot into your day. Very Peri, 17-3938, the Pantone Color of the Year for 2022 Care for a Very Peri cup of tea? Not only is this color truly lovely, but the exact shade has never been seen before, anywhe ..read more