With high home prices, more buyers may turn to Federal Housing Administration (FHA) loans in the coming year. These government-backed mortgages are known for their flexible borrower requirements, such as lower credit scores and down payments as low as 3-5%. However, many sellers and even some agents, have misconceptions about FHA loans, believing they are …
Author Archives: Jancovech Real Estate
Answers to an Inaccurate Property Tax Assessment
Each year, homeowners receive a notification of their property tax assessment, which, when combined with the local tax rate, determines how much they owe in property taxes. While this process is meant to fairly reflect a home’s value, assessments are not always accurate. If the valuation is incorrect, homeowners may end up paying more than …
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The Opportunity Cost of Delaying Homeownership
Opportunity cost is the value of the next best alternative that you give up when making a decision. In real estate, this concept plays a crucial role for buyers who are delaying to purchase a home due to high interest rates and rising home prices. The question is: What is the cost of waiting? Many …
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The Real Cost of Waiting to Buy
If you’re holding off on buying a home because you think prices are too high or mortgage rates will drop, you might want to consider the opportunity cost of waiting. While it may seem like a safer choice to keep your down payment in the bank or invest it elsewhere, the reality is that homeownership …
Seller Disclosures are about transparency
When selling a home, full transparency is key. Seller disclosures provide potential buyers with crucial information about the condition of the property, ensuring a fair and informed transaction. Understanding what must be disclosed and why it matters can help protect both buyers and sellers from unexpected issues down the road. Seller disclosures are legal documents …
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Understanding the Differences in Level of Care
When working with a real estate agent, it’s important to understand the level of responsibility they have toward you as their client. In almost all cases, when a seller lists their home with an agent, an agency relationship is formed, meaning the agent owes the seller a fiduciary duty – a high level of care …
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The smart approach to online security
In today’s digital world, protecting your online information is more important than ever. You likely have multiple accounts…email, banking, investments, and social media…all of which need strong, unique passwords. Trying to create and remember complex passwords for each site can be overwhelming. That’s where a password manager comes in. A password manager is a secure …
Unlocking the Advantage of Assumable FHA & VA Loans
In today’s high-interest-rate environment, homebuyers are looking for every possible advantage to secure an affordable mortgage. One often-overlooked opportunity is assuming an existing FHA or VA loan, especially those issued in the past few years when interest rates were at historic lows. An assumable loan allows a qualified buyer to take over the seller’s existing …
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Don’t Let Capital Gains Tax Surprise You
If you’ve owned your home for a long time, chances are its value has increased�maybe even doubled, tripled, or more. But did you know that a law written in 1997 still limits the amount of capital gains tax exclusion, despite skyrocketing home prices? Currently, homeowners can exclude up to $250,000 in gains if single or …
In Life, Only Death, Taxes, and Price Hikes Are Guaranteed
Benjamin Franklin famously stated that "in this world, nothing is certain except death and taxes." While his words still ring true, there’s another unavoidable reality in modern life: rising costs. From groceries to energy bills, the cost of living continues to climb, and one of the biggest contributors to this is housing. Housing has always …
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Kyle Jancovech Austin Texas Real Estate Agent 