When you sell a property, there's more to think about than just the sale price. You also need to consider capital gains tax - a tax on the profits made from selling property. This guide explains what capital gains tax is, when you have to pay it and how it works. What is Capital Gains [...]
Asset depreciation reduces the tax burden on the business because it is used to lower the taxable income. However, depreciation is considered a non-cash expense and will not affect your actual cash balance or cash flow. They are physical objects - These are physical properties that can be touched or seen, such as a building [...]
Mortgage points, also called interest points, are a way to get a lower interest rate on your mortgage. Points are paid to the lender in exchange for a lower rate. How much money you save depends on how many points you buy, and the current market interest rates. Buying points can be a good way [...]
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When you're buying or selling a home, one of the most important steps is putting down an earnest money deposit. This guide explains everything you need to know about earnest money deposits, including what they are, how much money they typically are and why they're so important. The Complete Guide to Earnest Money Deposits in [...]
When you're buying or selling a home, it's important to know the difference between a home valuation, a home appraisal and a home inspection. This guide explains the differences so you know what to expect whether you're buying or selling a home in Midland. Home Valuations, Home Appraisals and Home Inspections: What's the Difference? Home [...]
