Jason Kudary's Blog

Negotiating More Than Sales Price

Jason Kudary (Century 21 Northland) — Fri, 02 Jul 2010 08:59:44 -0700

Negotiating More Than Sales Price

Friday, July 02, 2010 by Jason Kudary

When negotiating to purchase a home, many buyers focus mostly on the sales price, which is understandable. After all, a home is typically the largest transaction home buyers have been involved with and the price paid is a huge factor in their monthly payment.

However, in addition to negotiating the price of a home, a buyer can also negotiate to have the seller contribute money from the proceeds to allocate towards the buyer's closing costs. This money can be used towards either the reduction of cash required to close and/or a reduction in the interest rate on the mortgage.

It's easy to see the benefits for buyers to have a lower interest rate on their mortgage. However, one aspect of this situation not often considered is that the IRS treats points that are paid up front to lower a mortgage interest rate as pre-paid interest, regardless of who pays the fees. This means that when buyers negotiate to have the seller pay the costs to lower their interest rate, they receive the benefit of deducting them on their income taxes in the year the home is purchased.

By focusing on these terms - and, frankly, opportunities - home buyers can save money both now and over time.

Jason Kudary real estate - Traverse City real estate

My Real Estate iPhone App in The Traverse City Business News Ticker

Jason Kudary (Century 21 Northland) — Tue, 06 Apr 2010 14:57:57 -0700

The April 5^th Ticker from the Traverse City Business News references the real estate iPhone app I recently added to my website. This free app allows anyone to search all Traverse City MLS listings quickly and easily. Check it out!

Traverse City real estate - Jason Kudary real estate

Traverse City Central Neighborhood Home for Sale

Jason Kudary (Century 21 Northland) — Fri, 12 Feb 2010 09:44:27 -0800

Traverse City Central Neighborhood Home for Sale

Friday, February 12, 2010 by Jason Kudary

New listing! Beautifully remodeled in-town home in the very desirable central neighborhood, within walking distance to Traverse City beaches and downtown shopping and restaurants. This 3-bedroom, 2.75-bath home has been tastefully updated with quality amenities and stylish décor. The fabulous master suite features a gas fireplace, vaulted ceiling, skylight, walk-in closet and private bath with whirlpool tub. The bright kitchen is highlighted by granite counters and custom lighting with a mudroom/pantry area just off the kitchen. Also on the main level--a dining room, front/sitting room, living room and laundry. Bay windows let in plenty of natural light. The wiring, plumbing, siding and roof have also been completely updated. Situated on a double, fenced lot with large stamped-concrete patio, detached garage and dog kennel area. A great find! For full details and photos visit 210 W Twelfth St, Traverse City, MI.

Jason Kudary real estate - Traverse City real estate - Century 21 Northland

New Traverse City Real Estate iPhone App

Jason Kudary (Century 21 Northland) — Mon, 08 Feb 2010 11:10:49 -0800

Now you can search all Traverse City real estate MLS listings from my new iPhone application! Browse listings, map locations and get listing details for anything and everything in Traverse City and the surrounding area. Download the app and enter code 4060 to get started!

Traverse City real estate - Jason Kudary real estate