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Thursday, February 27, 2014

Phoenix Scottsdale Homeowners: Don’t-Miss Home Tax Breaks

#Phoenix Scottsdale Homeowners: Don’t-Miss Home Tax Breaks

Owning a home can pay off at tax time. You might be able to take advantage of these home ownership-related tax deductions, credits, and strategies to lower your tax bill:

~ Mortgage interest deduction
~ Private mortgage insurance deduction
~ Prepaid interest deduction
~ Energy tax credits
~ Vacation or second-home tax deductions
~ Homebuyer tax credit repayment

Read about it here: http://www.houselogic.com/home-advice/tax-deductions/home-tax-deductions/

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

Search For All Homes For Sale? Download My Free Mobile App - text: 1ZXX To 87778 OR send me an email with your txt number;

OR Use My App For Your Desktop or Laptop at http://goo.gl/JfB9

#Phoenix Scottsdale Homeowners: Don’t-Miss Home Tax Breaks

Tuesday, February 25, 2014

Phoenix Scottsdale Homeowners: What You Should Know About Your 2015 Property Valuation Notice

#Phoenix Scottsdale Homeowners: What You Should Know About Your 2015 Property Valuation Notice

Have you received your 2015 Property Valuation Notice yet? If not, it's likely in the mail.

Here's what you should know from your notice:

1. The right 'legal class' classification. If you purchased a home in the last few years, and this property became your primary residence, and your real estate agent did a good job, then it should not be classified as a rental property. Look for the legal class as "3". Not only your property needs to be the right classification for not being a rental property, but you will save property tax dollars as well.

On the other hand, if the property you purchased is a rental property, then it must be classified in 'legal class' 4. If it is classified as a primary residence (legal class 3), then you must register the property (legal class 4) with the county assessor pursuant to state law, subject to a per diem civil penalty. And the property is subject to the landlord and tenant act.

But there is one exception. A property leased/rented to a qualifying  family member of the owner and used as a primary residence.

2. And.., the second thing to know is that the passed proposition 117 limits the increase to 5% of the limited property value used to calculate primary and secondary taxes.


Of course, you should refer to your notice for any information on the above and consult the appropriate professionals should you have any questions.

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

#Phoenix Scottsdale Homeowners: What You Should Know About Your 2015 Property Valuation Notice

Friday, February 21, 2014

#The ONLY 2 Best Ways To Search Homes For Sale in Phoenix Scottsdale - Mobile or Desktop

#The ONLY 2 Best Ways To Search Homes For Sale in Phoenix Scottsdale - Mobile or Desktop

Mobile. Download my new app on your Android, iPhone, or other mobile smartphone. To get complimentary my app, text: 1ZXX To 87778 OR send me an email with your txt number;

For your tablet like an iPad, Android or other type of tablet, in your browser, go to http://app.realtyonegroup.com/1ZXX . Select iPad and then enter your email address.

Or even easier: send me a text and say: send me your app!

OR

Desktop. PC or laptop at Go to  http://goo.gl/JfB9y, this will hook you up directly into the MLS that professional Realtors use. Complementary, easy, fast, anonymous, 100% accurate to the minute, customizable to 'your' parameters, use sliders or text boxes, or by map, and at your own pace, as much and as often as you want. 

AND

You are busy - you don't have time to look for yourself? Just the facts Jack? Or you are the type that likes to delegate or let others do the work and just interested in the accurate, to the minute and precise results? Or prefer to let the pros do it? And you like daily updates too? Sent to your email with full description and photos? Maybe no daily updates but just access to the information?

We'll do the search for you, parameters and all, to the smallest detail as possible, all delivered in your own private MLS intranet web portal. All this complimentary (aka, FREE) .... Ready? Go to http://goo.gl/30BLR


Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate
www.wildwestrealestate.us

#The ONLY 2 Best Ways To Search Homes For Sale in Phoenix Scottsdale - Mobile or Desktop


Wednesday, February 19, 2014

Help! I'm Wasting Money On Rent - Part 2

#Help! I'm Wasting Money On Rent! Part 2

In the first part of the blog, we discussed how a client of mine was sharing how they believed they were wasting money on rent while they are paying someone else's mortgage, all those payments and nothing to show for it - so they wanted to own a home of their own so they would be paying themselves and reap benefits on their own.

Part 2 as a result of many of your comments is about how you can reduce your taxes and how to increase your equity and net worth through home ownership.

When you own a home - your property taxes, your loan interest, and points are tax deductible.

When you own a home, your payments are divided between the mortgage loan interest, capital, insurance and taxes. Therefore for each payment, a portion goes towards capital, thus you build your own equity in an asset, thus increasing your net worth - with each payment. When you sell your home, the balance between the sale price and your mortgage balance is your equity.

For more information and tips on how to get a down payment to purchase a home, ask for my Free Consumer Report called “4 Quick Ways To Buy A Home With Little Down.” 
Best of of all is to call me so we may discuss your particular situation confidentially.

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

#Help! I'm Wasting Money On Rent! Part 2

Wednesday, February 5, 2014

Help! I'm Wasting Money On Rent

#Help! I'm Wasting Money On Rent!

Here's a question from a client.

Q. I’m wasting money on rent because I'm paying someone else's mortgage. I really should pay to myself so I have something in return. So I want to buy a home.  How can I get help with a down payment?

A.   There are ways to get a down payment, including the following:
  • Using your savings account or your 401k is also possible
  •  Look into local or federal government programs.  They expire or change frequently, so ask me ® about any programs that may apply to your area and situation.
  • Have the seller finance you.  Some sellers may be willing to help you buy their homes in something called seller concessions and/or seller carrybacks. There are also other scenarios such lease-to-own purchases.
  • Use a financial gift or contribution from a friend or relative.  Tax law allows gifts of up to $14,000 a year to be given without tax consequences to the giver or recipient (see IRS publication 950).  You can get a gift from each parent or two friends without them having to pay a gift-tax, which brings it up to $28,000. Gifts of love among relatives are not uncommon, or pre-inheritance money. 

For more information and tips on how to get a down payment to purchase a home, ask for my Free Consumer Report called “4 Quick Ways To Buy A Home With Little Down.” 
Best of of all is to call me so we may discuss your particular situation confidentially.

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

#Help! I'm Wasting Money On Rent