Best Tips in Tampa Real Estate to prepare you to buy a home – payments, insurance, credit & taxes


There are many Tampa Bay area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here to learn about our “Your Home Sold Guaranteed in 29 Days” program or for a free property valuation so you know what your home can sell for in today’s market. You may also call me at (813) 359-8990 for a FREE home buying or selling consultation to answer any of your real estate questions.
Andrew Duncan, Tampa's #1 Realtor and expert is joined by David Diaz from Waterstone Mortgage and Richard Vazquez from Artisan Insurance on The Duncan Duo show on 970WFLA . They talk about what you can do to prepare for owning a home which not only benefits first time buyers but also buyers who decides to upgrade to a new home.
A consumer needs to Understanding the full cost of home ownership. There are a lot of variables to consider like HOA fees, Home Owner insurance, Property taxes, Principal interest tax insurance, not knowing the whole payment.

You need to be prepared for the curve balls that could happen like property taxes going up, home owner's insurance may rise, HOA dues get overlooked.

There are a lot of online mortgage lenders that give inaccurate information which could be misleading for a lot of home buyers. Andrew suggests to talk to a local mortgage lender like Waterstone Mortgage that can give you expert advice and you can get the full scope of payments instead of relying on an online calculator.

You should also know what your home owner tax benefits. Mortgage interest and property taxes are deductable when you file for income tax returns and for a lot of people, this could reduce their taxable income.

Study rent vs buy math. Also factor in the potential appreciation and depreciation of the home value when looking at the benefits of home ownership.

Other factors to look at are the home owner insurance and your credit score which could also greatly impact your finances.

To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sunday at 10 am.

No comments :

Post a Comment

Note: Only a member of this blog may post a comment.