Jessica Jussif  (NH/MA) - Coco, Early & Associates ~ Bridge Division



Posted by Jessica Jussif (NH/MA) on 6/25/2018

Whether you're looking to buy a house or sell one, a helpful saying to keep in mind is the one about recognizing a duck:

"If it walks like a duck, quacks like a duck, and looks like a duck, then it's a duck!" As silly as that expression may be, there's a lot of wisdom in its message.

The reason it applies to real estate transactions is that people sometimes tend to overlook, justify, and gloss over potential or actual problems that need to be dealt with (and not ignored). Here are some examples, as they relate to home sellers and buyers:

Selling a home: As a home seller, one of the most important things you can do to make your home more appealing and marketable is staging. Not only is it beneficial to apply a fresh coat of paint where needed, but parts of your home may need to be repaired, upgraded, touched up, or cleaned. 

One false assumption home sellers sometimes make it that prospective buyers won't notice or care about broken tiles in the bathroom, peeling paint on the front steps, cracks in the ceiling, or mold in the basement. While there are a lot of factors that help sell a house quickly or cause it to linger on the market for months, sometimes it's the little things that can impact the desirability of a house. If there's an imperfection, flaw, or cosmetic problem in your home that you've been noticing for months or years, there's a good chance prospective buyers will take note of it, too. 

Whenever you can affordably correct a cosmetic problem in your home or property, it will usually be to your advantage as a home seller. If the problem looks like it could be a potential deal breaker, there's a chance it will be.

When you need an objective opinion on matters such as home staging, curb appeal, or increasing the marketability of your home, an experienced real estate agent is often your best source for advice and guidance.

Buying a home: There are a lot of factors that need to be evaluated when searching for your ideal home. While optimism is an essential state of mind to cultivate when you're navigating the sometimes bumpy road of house hunting, it's also important to balance that positive attitude with a drop of caution and skepticism. If you get too caught up in the excitement of buying a new house, you might miss red flags along the way that could lead to future problems or expenses.

By hiring a reputable property inspector to check everything in the house from structural integrity to the condition of mechanical systems, you can be alerted to potential safety hazards, possible water damage, malfunctioning electrical circuitry, and dozens of other issues that need to be identified, and hopefully resolved, before you become the new owner of a house.





Posted by Jessica Jussif (NH/MA) on 6/18/2018

One of the biggest benefits to buying a home is that of the tax savings for you. You own a home now, so there’s no more monthly rental payments going out the window. All of your mortgage payments are going towards your financial future. There’s many different types of tax breaks that you can get from owning your home. Many home improvement projects that allow you an extra tax break are hiding right in the fine print! Tax breaks are known as “incentives.” These incentives are essentially what help people to get important things in their homes done without having a order placed on them. There are some hidden things that you may not have known could be used as tax write-offs.  


Energy Savings


From putting solar panels on your home to replacing appliances, there are certain tax breaks that you can get for making your home more energy efficient. There are lifetime caps on these deductions, but on a certain year, you’ll be able to save some extra money on your taxes. Some of the deductions that you might be able to claim include:


  • Air-source heat pumps
  • Biomass stoves
  • Central AC units
  • Water heaters
  • Certain energy-generation systems which include an array of things like water heaters, solar panels, fuel cell systems, wind turbines, and geothermal heat pumps.


You can deduct somewhere in the neighborhood of 30% of the cost of these improvements to your home. It doesn’t hurt to check on the updated standards that are introduced each year by the government. Your accountant can help you to understand your own deductions a bit more in-depth. 


Modifying Your Home For Medical Needs


If you need to modify your home in order to accommodate medical needs, you may be eligible for a tax deduction. The modifications must not increase the value of your home and be medically necessary. If the doctor tells you to lose weight and you put in a home gym, you can’t deduct that. If you need a ramp put in your home for wheelchair accessibility, then that can be deducted. The cost of the modifications generally has to exceed 10% of your adjusted gross income, or 7.5% if you’re over the age of 65. 


What’s Not Deductible


If you have done some major remodeling around your home, it’s sad to say that these improvements probably aren’t tax deductible. On the positive side, you will get a bigger return on your home when you do decide to sell it. This could help you to reduce any capital gains tax that you may have to pay on the sale of the home.


Remember that when you make improvements to your home, you’re doing it first for your own needs. Any tax write-offs that you may get are merely a bonus.




Categories: Uncategorized  


Posted by Jessica Jussif (NH/MA) on 6/11/2018

A home seller who understands his or her residence's strengths may be better equipped than others to enjoy a successful property selling experience. Fortunately, there are many things you can do to identify your house's strengths before you list your residence.

Now, let's take a look at three tips to help you identify your home's strengths.

1. Conduct a Home Inspection

Although a home inspection generally is requested by a buyer after a seller accepts his or her offer to purchase a house, a seller may want to conduct an inspection prior to listing a residence. That way, a seller can gain deep insights into a house's strengths and weaknesses and map out his or her property selling strategy accordingly.

A home inspection may require only a few hours to complete, and an inspection's benefits can be significant. After an inspection, a homeowner will receive an inspection report that details any home problems. Then, a homeowner can use this report to learn about his or her house's strengths and weaknesses and explore ways to transform assorted weaknesses into strengths.

2. Consider the Buyer's Perspective

Think about why a homebuyer may consider your residence over other options – you'll be glad you did. If you analyze the buyer's perspective, you could discover unique ways to distinguish your house from the competition.

Evaluating the buyer's perspective may help you prioritize home upgrades too. For instance, if your home boasts a large in-ground swimming pool, you may want to dedicate time and resources to clean your pool and perform any necessary repairs. Or, if your residence has a two-car garage, you may want to eliminate clutter from it so you can show off the true size of your garage to potential buyers.

3. Collaborate with a Real Estate Agent

If you are unsure about what differentiates your home from other properties in your city or town, there is no need to worry. Because if you hire a real estate agent, you can receive expert support throughout the home selling journey. And as a result, you can identify your house's strengths and take the necessary steps to highlight these strengths to potential buyers.

A real estate agent understands what it takes to sell a house, regardless of a property's age or condition. He or she is happy to meet with you and learn about you, your home and your home selling goals. Next, a real estate agent will craft a property selling strategy for you. And once you put this strategy into action, you should have no trouble achieving your desired house selling results.

In addition, a real estate agent is ready to assist you in any way possible throughout the house selling journey. If you have concerns or questions at any point during this journey, a real estate agent will respond to them right away.

Ready to add your house to the real estate market? Take advantage of the aforementioned tips, and you can identify your house's strengths and develop an effective strategy to promote your residence to the right groups of potential buyers.




Categories: Uncategorized  


Posted by Jessica Jussif (NH/MA) on 6/4/2018

It’s always a goal in life to be happier in our jobs and make more money. When it comes to buying a home, your job status can have a big effect on whether or not you’ll be able to buy a home or not. You will be able to buy a home using a new source of income. Even refinancing can be a breeze when you have a new job and the right knowledge. 


Many people believe that changing jobs or having gaps in between employment is a certain type of black hole when it comes to getting a mortgage. However, if you approach all of the changes in the correct way, you should be able to land the mortgage deal and secure a home.


Average Income


One of the most important numbers that your lender will calculate when you’re buying a home is that of your average income. This will be based on the pay that you had earned in the past 24 months‘ time. If you have had the same job and pay, this won’t be much of a big deal, However, if any of these things have changed (or will soon change) your lender may have some questions. This doesn’t mean that your mortgage application will be struck down completely. 


Information That’s Needed In The Event Of A Job Change


If you have recently changed jobs in the process of trying to refinance or buy a new home, your lender will need a few pieces of information from you. These items include:


  • An offer letter for the job
  • A role or title change letter (if applicable)
  • Compensation package change confirmation
  • Verification of employment
  • Most recent pay stub


Hourly Employees


If you’re an hourly employee, unfortunately, you’re under the tightest type of scrutiny when it comes to applying for a mortgage. Your income will be averaged for as long as you have been an hourly employee. If you work full-time, this won’t be too much of a problem. If your hours fluctuate from week-to-week, this can make things a bit more complicated.


If your hourly rates have recently gone up, you’ll need a bit of info from your employer to help you get the income verification that your lender needs. These items include:


  • An offer letter
  • Recent pay stubs
  • The new compensation structure or offer

If you have any sort of extenuating circumstances like a relocation or a new position, this information can help to bridge the gap in any information that just doesn’t add up as far as your employment history goes. 


Salaried Employees


If you’re a salaried employee, things are a bit simpler. Your lender will have a much easier time calculating your average income. The only issue that you may encounter is if you have had a gap in employment. For this, your lender will require a written explanation of what occurred during that time period.  

 

Lenders want to protect themselves, but in a way, they also want to protect you from getting in over your head with how much you can afford for a home. With some proof and a little explanation, you should be able to get a house you can afford if you have all of the information that you need to back up your financial history and employment history.




Categories: Uncategorized  


Posted by Jessica Jussif (NH/MA) on 5/28/2018

Buying a house can be simple, particularly for those who craft a blueprint before they embark on the property buying journey. Now, let's take a look at three tips to help you craft an effective homebuying blueprint.

1. Analyze the Housing Market

The housing market varies in cities and towns across the United States. However, if you analyze the local real estate sector closely, you can map out a successful property buying journey.

Assess the prices of recently sold residences and find out how long these homes were available before they sold. That way, you can determine whether a buyer's or seller's market is in place.

Remember, the more housing market data you review, the more equipped you'll be to understand the current state of the local housing sector. And if you allocate time and resources to analyze housing market data, you can gain the insights you need to make informed decisions throughout the property buying cycle.

2. Establish Homebuying Criteria

Create a list of homebuying criteria – you'll be glad you did. Because once you know what you want to find in your dream home, you can narrow your house search.

As you put together homebuying criteria, think about where you want to reside too. This will enable you to hone your home search to preferred cities and towns.

Don't forget to consider your short- and long-term plans as you craft your homebuying criteria as well. For instance, if your goal is to work in the city, you may want to focus on houses in or near the city itself. On the other hand, if you plan to start a family soon, you may want to explore residences near the top schools in your area.

3. Collaborate with a Real Estate Agent

If you're unsure about how to craft a homebuying blueprint, there is no need to worry. Real estate agents are available nationwide, and these housing market professionals can help you put together a homebuying plan.

A real estate agent is a housing market expert who is happy to teach you everything you need to know about buying a residence. He or she also will respond to any of your homebuying concerns and questions.

In addition, a real estate agent will act as a guide along the homebuying journey. He or she first will learn about your homebuying criteria and goals and help you put together a property buying plan. Next, a real estate agent will help you search for your dream residence and set up property showings. And once you discover a house you want to buy, a real estate agent will help you submit a competitive offer to purchase this home.

For those who want to achieve the optimal results during the property buying journey, it generally is a good idea to create a homebuying blueprint. By using the aforementioned tips, you can craft a homebuying blueprint so you can achieve your desired homebuying results.




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