I'll Show You How to Use your Tax Refund to get into a Home

By
Real Estate Agent with RE/MAX Suburban
https://activerain.com/droplet/5msc

 

This is not the first time I've written about this but the time is coming near when you will either do your taxes or look forward to receiving a tax refund. What will you do with it? Did you ever think that it could springboard you into a new home?

I'm the first one to agree that saving for anything nowadays is tough but this is surely something you should think hard on as the average refund in Illinois is $3022. That's a nice chunk of change.

Using 3% down in Illinois 52% of that down payment (3%) is tax-deductible making the savings even better!

Let's get started on your homeownership now!

 

buy a home with a tax refund

 

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lyn sims remax suburban  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324
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Ambassador
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Lyn Sims good advise on how to put a tax refund to work.  No better investment than purchasing a property.

Mar 02, 2020 02:27 PM #1
Rainmaker
405,952
Gwen Banta
Sotheby's International Realty - Los Angeles, CA

Lyn, this is a very timely post. With all the speculation as to what the corona virus may due to the housing market, we need to focus on the positive aspects that affect our business. And tax refunds are always a positive element driving new home purchases. Thank you!

Mar 02, 2020 03:07 PM #2
Rainmaker
1,526,396
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Good point. A tax refund could be the "in" to homeownership.

Mar 02, 2020 06:40 PM #3
Ambassador
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I don't get a refund, I plan better than that.  I send them what they are due, not more.  My daughter on the other hand gets a huge refund, which is good for her.

Mar 02, 2020 09:58 PM #4
Rainmaker
3,296,974
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Lynn what an excellent post, wish we could do that in my market, Endre

Mar 02, 2020 10:45 PM #5
Rainmaker
5,265,700
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Lyn Sims potential buyers in the Schaumburg, IL area should be putting that tax return to good use....get a healthy return on it and the ideal real estate agent to guide you with that journey is Lyn Sims.... Most of you must already know that....but for those who don't, give her a call....

Mar 03, 2020 03:10 AM #6
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