Tag Archives: Money Monday

Money Monday: Paying for surprise repairs

Nearly half of homeowners have had to make (and pay for) an unexpected repair within the first year of owning their home. Do you have money set aside for a repair?

  • 12% had to use savings to pay for the majority of the home repair and/or improvement
  • 13% had to go into debt for the repair or improvement
  • 20% had to make sacrifices in other areas of life in order to pay for them
  • 52% were able to easily pay for the repair or improvement without going into debt, making other sacrifices or using savings

Making and paying for surprise home repairs

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.

Money Monday: Financial documents every family should have

Financial documents are important when you’re on your own, but even more so when you have a family.

Here are four different documents you should probably have:

1. Beneficiary designations

2. A will

3. A Heath Care Proxy 

4. An Advance Medical Directive (living will)

Read the rest of Forbes’ article on this here: “4 Basic Financial Documents Every Family Should Have.”

Money Monday: Should you sell your house with a Realtor or on your own?

Many homeowners decide to sell their home without hiring a Realtor. Does listing your home with a real estate agent or listing it as a For Sale By Owner (FSBO) make more sense?

Well, the CALIFORNIA ASSOCIATION OF REALTORS believes that homesellers going the FSBO route will spend more time trying to make a sale, and end up with a lower selling price than if they had used a real estate agent — and they have some statistics to back them up.

Take a look at their infographic below, and if you are selling and would like a Realtor to do the job for you, give me a call! I’m here to help you get your home sold! John A Silva, (619) 890-3648

reasons to hire a Realtor

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.

Money Monday: Purchases to skip on Black Friday

Black Friday has a lot of deals, but purchases that day aren’t always as cheap as they could be.

Here are 10 such items you can purchase for less following Black Friday:

  1. Toys
  2. Fitness equipment
  3. Holiday decor
  4. Bedding
  5. Indoor furniture
  6. Five other purchasing categories from US News here

Money Monday: Taxes on selling a house

Finding out more about the taxes on selling a house

Selling a home is a major life change.  No matter what your reason is for selling, selling the place you’ve called home is a big deal. One potentially confusing part of the process is figuring out the taxes on selling a house and how the sale will impact your finances for the years to come.

Read Yahoo’s guide on the taxes on selling a house for more information.

Money Monday: What borrowers want

Borrowers want specific things that they believe would help the mortgage process when buying a home.

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS. 

Money Monday: How your credit score can affect your daily life

Common financial advice warns you to keep a close eye on your credit score, keeping it as high as possible to avoid the repercussions of a “fair” or “poor” score. You’re expected to engage in habits that improve your credit score, such as making on-time payments, utilizing only a portion of your available credit, and having a good balance of credit (preferably from long-term accounts). But how important is your credit score to your long-term financial future, really, and how could it impact your daily life? 

Read about it here on Forbes: “Hidden Ways Your Credit Score Can Impact Your Daily Life.”

Money Monday: Tapping into home equity

If you own a home, you might have more home equity to tap into if needed.

This infographic is from CALIFORNIA ASSOCIATION OF REALTORS.