Is Your Mortgage Assumable? The interest rate on your mortgage is already low (or, you don’t have a mortgage). You’re allergic to paying bank fees. And you’re not contemplating moving any time soon. Should you still refinance? The surprising answer is, perhaps “yes” — especially if your current mortgage is not assumable. That latter feature...Read More
How to Buy a Cheap Flat Panel TV Before Christmas Don’t worry, this isn’t a(nother) dire post about the stock market. It’s about how to buy cheap electronics between now and Christmas. Strategy #1 is to wait for Black Friday — traditionally the day after Thanksgiving, when Christmas shopping kicks off — and get up...Read More
List Price = $800k, Tax Value = $400k As I’ve written previously, a home’s tax assessed value isn’t particularly relevant for establishing a home’s actual, what-will-it-sell-for market value. Rather, fair market value is determined by: a) scrutinizing the comp’s, or comparable sold properties, to set a list price; then b) testing it on the market....Read More
