What Expenses Can You Write Off When You Sell Your Home?, Property Cap Rate Formula, September US Home Sales Move In A Surprising Direction

What Expenses Can You Write Off When You Sell Your Home?

Real Estate Tip:

The Capitalization or Cap Rate for a property is the ratio between its net operating income (NOI) and the property’s value:

Capitalization Rate = Net Operating Income/Value

You can transpose the formula to solve for property value or net operating income:

Property Value = Net Operating Income/Capitalization Rate

Net Operating Income = Property Value*Capitalization Rate

Real Estate News:

US Home sales in September rose for the first time since May.

Will Mortgage Interest Rates Stay High?, Always Do This Before You Make An Offer To Buy Property, NJ Housing Plan Unveiled

Will Mortgage Interest Rates Stay High?

Real Estate Tip:

Before you make an offer to buy property, analyze as many similar properties in the same neighborhood as possible so you’ll have a solid frame of reference to make an educated purchase offer.

Real Estate News:

NJ Gov. Mikie Sherrill unveiled a comprehensive five-pillar housing plan aimed to close an estimated 350,000 home gap.

Risks Of Buying Property In A Homeowners Association, Water Damage Homeowners Insurance Does NOT Cover, How US Housing Did In Augus

Risks Of Buying Property In A Homeowners Association

Real Estate Tip:

Standard homeowners insurance covers storm-related water damage ONLY if the water enters through an opening created by a covered peril, like wind or hail breaking a window or damaging a roof.

Real Estate News:

US housing starts fell 2.6% in August and residential permits fell 2.7%.