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Here is this January newsletter. If you would like to receive these when they come out be sure to subscribe to our email list. Subscribe Now
Good morning, I want to wish you a happy New Year! We are starting the New
Year off right by getting you brought up to date with all that is going on in the
Real Estate industry.
My goal monthly will be to share with you articles I believe you may find value
in as well as keep you informed.
Homestead Exemption
First, if you have not filed your Homestead Exemption tax form the deadline is
April 30th. Contact me and I can send you the form. The Homestead exemption
is a tax break for your principal property. A principal property is your primary
residence.
Landlords require to disclose flooding
Secondly, Did you know that as of January 1st landlords will be required to
disclose if a property has flooded or not. This disclosure has to be sent before
the lease is executed. It’s a pretty simple form it just says whether or not the
landlord knows It has flooded. TAA’s Flood Disclosure Notice
Interest Rates Hikes…
Finally, The Federal Reserve, or the Fed as the cool kids call them has
announced that they will be raising rates in 2022 year. Interest Rates in U.S. Market. Simply, raising interest rates is supposed to help slow inflation and lower spending, However, the downside is that it causes money to become more expensive to borrow. This means that for all my buyers
out there that how much you get approved for will be lowered. The reason
being is that interest rates directly affect your monthly payment.
Overall, If you are looking to sell a property this year the market is still seller friendly. If you want to buy a property rates are still low compared to years past.
If this has brought you some value please let me know I would love to hear
from you! Contact us
Appreciate your reading, have a happy and healthy 2022!
Sincerely, Evan
Have you read our other blogs?