Ken Bradley
September 2022
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"A Smarter Way to Buy or Sell Real Estate"

What Happens During the Final Walk-Through?
When you buy a house, it’s already a pressure-filled process. There’s a low inventory of homes right now, even with prices dropping in many markets due to rising interest rates and declining demand. Since there are still inventory issues, some homebuyers are doing things they wouldn’t ordinarily, like waiving home inspections or using escalation clauses in their contracts.
      Regardless of what you might do to get the house of your dreams, one thing you shouldn’t skip is the final walk-through.
      The final walk-through is your chance to ensure the house is in the same condition as when you made an offer.  If the seller is doing repairs or
U.S. averages as of September 2022:

30 yr. fixed: 5.55%
15 yr. fixed: 4.85%
5/1 yr. adj: 4.36%

or improvements you negotiated, you need to make sure those were done and that they were done correctly.
      Who Comes to the Final Walk-Through? A buyer and
houseSELLERS SAVE $$ THOUSANDS: Pay Only 4% Commission for Full Service MLS Listing and Professional Photography if I List & Sell Your Home. If I List your home and a Co-op Realtor brings the Buyer, then you pay only 5%.

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5 Things to Know About Buying a Modular Home
     Modular homes are prefabricated, which means they’re built in a factory. After the home is built, it’s delivered to a building site, and then it’s assembled and put on a foundation. Some people decide to buy modular homes because they can be less expensive than a traditionally built home, usually because the process of building modular homes is more efficient.
      The following are five things to know before you invest in a modular home.
      1. The Basics A modular home is built by section in factories. These factors are giant facilities that assemble homes based on the International Residential Code or IRC. Under the IRC, these facilities are required to make sure they’re assembling homes that comply with state and

Buyers Increasingly Back Out of Deals
     For the past two years, the demand for real estate has been enormous. Several factors converged for that to be the case. For example, the pandemic meant people could work remotely, so they could move anywhere in the country. Inflation led buyers to want a hard asset, like property, and there’s also a low inventory of homes, so buyers were clamoring and often engaged in bidding wars.
      Now, after two years of a frenzied market, things might be changing.
      According to a new report from Redfin, around 60,000 purchase agreements fell through in the U.S. in July, which was around 15% of all the homes that went under contract in June. This was the highest cancellation rate since early 2020 when the initial days of the pandemic led to an almost complete stop of the real estate market and associated transactions.
      So why are people backing out of their

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Are There Tax Advantages of Buying a Home?
     If you’re thinking about becoming a homeowner any time soon, there are tax benefits to buying. In particular, tax deductions are one way to reduce your tax bill and income. Tax deductions are different from credits. Credits are money that gets taken off a tax bill. You can think of them somewhat like a coupon. A tax deduction reduces your adjusted gross income or AGI, reducing your tax liability.
      The following are key tax benefits and things to know for homebuyers or possible homebuyers.
      Mortgage Interest Deduction Homeowners can deduct  interest on their home mortgage for the first $750,000 of mortgage debt. That limit is $375,000 if you’re married and filing separately. If you bought your home prior to December 16, 2017, an old limit of $1 million applies, and $500,000 if you’re married but filing separately.
      In January, at the tax year’s end, a lender sends you Form 1098. This details the interest you paid over the previous year. You should include the interest you paid as part of the closing too.
      Your lender includes

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Will Homeowners’ Insurance Cover Natural Disasters?
What Exactly is a HELOC?

Ken Bradley,REALTOR, e-Pro, Luxury Home Specialist
E-mail: Ken@KenBradleyRealtor.com
Website: http://KenBradleyRealtor.com
Cell: 772-538-9981
Florida HomeTown Realty Inc.
Call Ken Direct 772-538-9981
Vero Beach Island Vero Beach Mainland North Hutchinson Island Sebastian.

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