A Cheaper Way To Homeownership

Buying your next home at an auction can save you a huge amount of cash in your wallets. First and foremost you set your OWN price when bidding on a home. You are not at the mercy of a seller unrealistic “asking price”. Other benefits include: No long negotiation period with offers going back and forth, huge selection of homes at rock-bottom auction prices. The lenders at these auctions are very motivated to sell these homes as soon as possible; lenders are in the lending business not home ownership. And to say the least these events are free, registration, pre-qualification, and admission are all included. Go to www.USHomeAuction.com for more details. When you check in you must have a 5,000 cashier check (made payable to yourself) or (cash equivalent) and checkbook. Keep in mind that 5% buyer’s premium will be added to the final cost of the home. Example if you bid 300,000.00 for a home it actually will be 315,000.00 after the 5% buyer’s premium is added. Realtor’s commissions are 1%. Overall if you are in the market for a home this could provide a viable option for homeownership

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Boost Your Tax Deductions

1. Make an extra mortgage payment. The extra interest you pay will be added to this year’s mortgage interest by your lender, boosting your itemized deductions.

2. Donate to charity. It pays to be charitable, especially at the end of the year. Donating cash is always a good idea. You can also donate household goods, clothing, and other items.

3. Boost your business expenses. Business owners and independent contractors can buy office supplies, invest in new equipment, or pay bonuses to their employees.

4. Pay doctor bills, insurance premiums, buy eyeglasses, or stock up on prescription medications. You can take a deduction for medical expenses exceeding 7.5% of your adjusted gross income.

5. Organize your financial records. Good record keeping can really pay off at tax time. Not only will it make your tax preparation easier and faster, but you might uncover enough tax deductions to be able to itemize.


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