Sergio Garcia & Sofia Garcia, Realtors with Samson Properties
💡Did you know it’s possible to buy a home with little to no money down? You might qualify for grants, special loans, or even forgivable funds to cover part (or all) of your down payment. Here’s how to start: ✅ Search for down payment assistance programs—we can help! ✅ Look into government-backed loans (some require …
Continue reading "Hot Take: You Don’t Need 20% Down To Buy A Home!"
🛑 Are high prices and mortgage rates stopping you from buying a home? 🛑 You’re not alone! But here’s the good news—there ARE ways to make homeownership more affordable! In our latest blog post, we share 5 common homebuyer roadblocks and creative solutions to overcome them. Read about: 💡 Down payment assistance programs 💡 Creative …
Continue reading "🛑 Are high prices and mortgage rates stopping you from buying a home? 🛑"
Presiona aqui para version en español Dreaming of a new home but feeling priced out? You’re not alone! According to a recent survey by Bankrate, 78% of aspiring homebuyers cite affordability issues as their primary deterrent.1 According to data from the U.S. Census Bureau, home prices have risen around 32% since the pandemic, and elevated …
Continue reading "5 Roadblocks To Affordable Homeownership (And Ways To Move Past Them)"
💰 Is homeownership really a good investment? Let’s break it down: ✅ Equity Growth – Every mortgage payment increases your ownership stake in the home.✅ Appreciation – Home values tend to increase over time, building wealth.✅ Tax Benefits – Deductions on mortgage interest, property taxes, and capital gains can save you money.✅ Fixed Costs vs. …
Continue reading "How Owning A Home Helps You Build Wealth Over Time"
💡 Planning to sell? Timing is everything! Selling too soon can cost you in taxes, closing costs, and lost equity. Here’s what to consider: ✅ Avoid Capital Gains Tax – If you sell before living in the home for 2 years, you may owe capital gains tax on your profit.✅ Build Enough Equity – Selling …
Continue reading "How Long Should You Own a Home Before Selling?"
Thinking about buying a home? One of the biggest tax benefits of homeownership is the mortgage interest deduction—but how much can it actually save you? Let’s break it down with a real-world example. Example: Mortgage Interest Deduction for Year 3 Home Price: $500,000 Loan Amount: $400,000 (Assuming 20% down payment) Interest Rate: 6% (Fixed) Year …
Continue reading "How Much Can You Save With The Mortgage Interest Deduction? 💰🏡"
If you work from home, you might qualify for a home office tax deduction! But not all remote workers are eligible—here’s what you need to know. To deduct your home office expenses, you must meet these IRS rules:✔ Exclusive Use: The space must be 100% dedicated to business (no using the kitchen table or shared …
Continue reading "Home Office Tax Deduction: Do You Qualify? 💻🏡"
🏡 Common Home-Related Tax Deductions: ✔ Mortgage Interest (On loans up to $750,000)✔ Property Taxes (Capped at $10,000 with state/local taxes)✔ Home Equity Loan Interest (Only if used for home improvements)✔ Energy-Efficient Upgrades (30% tax credit for solar panels, etc.)✔ Home Office Deduction (If you use a dedicated workspace for business) 💰 Pro Tip: Keep …
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