One of the most important decisions that anyone will ever make is that of selecting a home. The home is where lasting memories are formed and the most rewarding experiences occur. It is an investment for the future…. a place of love and security.
“Find the perfect present with our Virginia Gift Guide, full of unique, fun, and useful gifts for residents, visitors, and anyone who loves the Old Dominion. This Virginia Gift Guide is ideal for the holidays, but these gifts are worth giving all year long so bookmark the list for future reference.”
“Planning on buying in the off-season? Arm yourself with strategies from the pros.
Rainy open houses and icy walkways make shopping for a home in winter less of a thrill than in the busy spring and summer months. But there are some distinct advantages (as well as some downsides) to shopping in the off season. If you’re thinking of buying a home in the next few months, you’re probably wondering what to expect from this year’s winter real estate market. One thing is for sure: Taking your high-season strategies into a low-season game will not serve you well. Here’s what you need to know to adjust your thinking to this winter’s realities.”
“Many homeowners, buyers and sellers are left wondering how the tax reform legislation will affect them. The plan, which is expected to lower income tax bills next year for many households, is the most significant overhaul to the tax code since 1986. Several provisions that have a direct impact on the housing market were added, taken away or altered during the legislative process, leaving confusion about what remains in the bill.
Below is a look at what the final version contains and what it means to homeowners, buyers and sellers.
Standard deduction: The new law increases the standard deduction to $12,000 for single filers and $24,000 for joint filers. For many homeowners it no longer makes sense to itemize deductions. A report by Zillow found that for 98 percent of the homes in the District it made sense to itemize under the old law. Now, for only 64 percent of D.C. homes does it make sense to itemize (by taking the mortgage interest deduction and property tax deduction) rather than take the standard deduction.”