Dean Dungan-Weichert Realtors SEM Associates 423.454.8018

08/09/2023

How to avoid capital gains tax on real estate
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When selling real estate, it is important to understand the potential tax burden as the IRS may be entitled to a share of your earnings. If you are selling your primary residence, you may be able to take advantage of the capital gains exclusion, allowing you to exclude some of your profits from taxa...

07/31/2023

US Homebuilder Sentiment Surges

Dean Dungan is a real estate agent with Weichert Realtors SEM Associates. Check out Dean Dungan's listings or office listings.

07/30/2023

Simple Trick Saves Buyers Thousands of Dollars
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By making bi-weekly mortgage payments, a buyer can save up to $20K in interest on a $200K loan with a 4.1% APR over a 30-year loan. This is because 26 half-payments or 13 full payments are made per year, instead of the usual 12 payments. This results in paying less interest over time and building eq...

07/22/2023

Johnson County leaders eye property tax increase
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Johnson County, Tennessee is set to increase its property taxes by 40 cents, raising taxes on a $200,000 house by $200 a year, or 22%. The county mayor, Larry Potter, attributes the steep increase to inflation, especially wages, and the county avoiding tax increases for several years. The county is....

07/13/2023

House Hack With an FHA Loan

Dean Dungan is a real estate agent with Weichert Realtors SEM Associates. Check out Dean Dungan's listings or office listings.

07/04/2023

Americans haven't felt so confident about house prices since July 2022, despite high interest rates. Here's why.
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The housing market sentiment is overall positive, with expectations for median home prices increasing in May. However, high interest rates and low housing inventory are causing prices to rise, and the total number of homes for sale decreased last month. Despite this, potential buyers are not taking....

06/25/2023

Why '20 Percent Down' Is A Home-Buying Myth In 2023
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The requirement of a 20% downpayment for a home loan is no longer the standard, and buyers can now put down anywhere from 5-20%, depending on their situation. Factors such as credit score, income, and age all affect the amount of the downpayment, with conventional loans requiring a minimum of 3%. Ad...

06/17/2023

Pros and cons to buying a luxury home with cash
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Silverleaf in North Scottsdale is a luxurious naturehood with 4,600 acres of open space and a vast trail system that winds through the McDowell Mountains in the Sonoran Desert. The current industry statistics indicate that cash purchases are on the rise, reaching their highest level in nearly a deca...

06/11/2023

Today's mortgage rates rise, but 15-year terms remain lowest option | May 25, 2023
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Credible Operations Inc. provides financial tools and resources to help people improve their finances. According to Credible, mortgage rates for home purchases have risen for three key terms and fallen for another since yesterday. With 5,000 reviews, Credible maintains an excellent Trustpilot score....

06/06/2023

When you should use your home equity (and when you shouldn't)
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Home equity loans and HELOCs are a unique form of credit that can be used for a variety of expenses without prohibitive interest rates or terms. It is important to consider when to use your home equity, such as when home prices are high, when you need money for home repairs and renovations, and when...

05/30/2023

Buyers seeking smaller and more affordable homes, property professionals report
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05/22/2023

What Do Buyers Need to Jump Back in The Market?

Dean Dungan is a real estate agent with Weichert Realtors SEM Associates. Check out Dean Dungan's listings or office listings.