Svetlana Sheinina


Posted by Svetlana Sheinina on 11/5/2019

The homebuying journey may seem daunting at first. Lucky for you, we're here to help take the guesswork out of finding and acquiring your dream house.

Now, let's take a look at three tips to help you approach the homebuying journey with poise and confidence.

1. Be Diligent

A diligent homebuyer may be better equipped than others to enjoy a seamless and successful property buying experience. In fact, this buyer likely will do whatever it takes to find the right house at the right price, regardless of the current real estate market's conditions.

To become a diligent homebuyer, it generally is a good idea to learn about the housing market in your preferred cities and towns. With this information, you can determine whether you're pursuing a home in a buyer's or seller's market and plan accordingly.

Furthermore, it may be beneficial to get pre-approved for a mortgage. If you enter the housing market with a mortgage, you'll know exactly how much you can spend to acquire your dream house.

2. Know Where You Want to Go

Establish homebuying criteria – you'll be glad you did. If you know what differentiates your dream house from others, you can quickly and effortlessly search for residences that match your expectations.

Also, you may want to hone your home search to specific cities and towns. For example, if you want to find a house close to your office in the city, you may want to explore residences in or near the city itself. On the other hand, if your goal is to buy a house near the top schools in a particular state, you should narrow your house search based on school rankings and other pertinent data.

3. Work with a Real Estate Agent

Buying a house is no small feat, and ultimately, there is no reason to try to navigate the homebuying journey alone. Thankfully, you can hire a real estate agent who can provide expert support throughout the homebuying journey.

A real estate agent is a must-hire, and for good reason. He or she will guide you along the entire homebuying journey and respond to any of your homebuying concerns and questions. In addition, a real estate agent offers recommendations and suggestions to help you make informed decisions as you pursue your dream residence.

Usually, a real estate agent will learn about your homebuying goals and craft a personalized homebuying strategy for you. He or she next will keep you informed about available residences that meet your criteria and set up home showings. Once you find your dream residence, a real estate agent will help you put together a competitive offer to acquire this house. And if your offer receives a "Yes" from a home seller, a real estate agent will help you finalize your house purchase.

Ready to streamline the homebuying journey? Use the aforementioned tips, and you can kick off a house search and discover your ideal residence in no time at all.




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Posted by Svetlana Sheinina on 10/29/2019

Let's face it – clutter can be a problem, particularly for those who intend to sell a home in the foreseeable future. But if you allocate time and resources to remove clutter from your home now, you may reap the benefits of your efforts during the home selling cycle.

Ultimately, there are many reasons for a home seller to eliminate clutter before he or she lists a residence, and these include:

1. You can help a homebuyer envision what life may be like as the owner of your house.

Oftentimes, homebuyers want to picture what life may be like if they purchase a particular residence. Yet a home that is filled with antiques, decorations and other items may make it tough for a homebuyer to do just that.

If you remove clutter from your residence, however, you can make it simple for a buyer to see your home's full potential. As a result, a buyer may be better equipped than ever before to determine whether your residence is the right choice.

2. You can earn extra cash.

Although your house may be loaded with a wide range of personal belongings, you don't necessarily have to throw these items away. In fact, you can always sell excess items to simultaneously remove clutter from your house and earn extra cash.

It may be a good idea to host a yard sale before you list your house. This will enable you to sell excess items as well as inform neighbors about your upcoming plans to add your residence to the real estate market.

Of course, you can sell excess items online as well. Or, you may be able to donate assorted items to local charities.

3. You may speed up the home selling process.

The home selling process may prove to be long and complicated, especially if a house is overloaded with clutter. Thankfully, removing clutter may make it easy for you to stir up lots of interest from potential buyers as soon as your residence becomes available.

A clutter-free residence is more likely to be clean and tidy in comparison to other houses. Thus, when buyers enter a clutter-free residence for the first time, they may fall in love with this house right away. And if a clutter-free home makes a positive first impression on a buyer, a seller soon may receive a competitive offer to purchase his or her house.

If you're searching for help as you try to remove clutter from your residence, you may want to hire a real estate agent. This housing market professional can offer plenty of assistance throughout the home selling journey.

Typically, a real estate agent will help you list your house and promote it to potential buyers. Plus, if you need help as you get your home ready for the housing market, a real estate agent will make it simple to prepare your residence and ensure it makes a positive impression on buyers.

Eliminate clutter from your house, and you may increase the likelihood of a fast, profitable home selling experience.





Posted by Svetlana Sheinina on 10/22/2019

Moving to a new home is all about change, from the change of an environment to the change of the interior design. But one of the lesser-known differences is that the moving process affects your taxes. If you move to your new home, you might be able to deduct the expenses of the move on your federal tax return the following year. However, this may only come in play if you move to begin a new job or continue your previous career in a new location. If you want to deduct your moving cost, it must meet three requirements:

First of all, your move should be similarly related to the start of work. Mostly, you can consider moving cost within a year of the date you begin work at your new location. Please note that there may be additional rules for this requirement.

Secondly, your move must pass the distance test. Your new job location must be a minimum of 50 miles farther away from your old home than your previous job location. For example, imagine your last job was three miles away from your old home. If you want to pass the test, your new position should be nothing less than 53 miles from your old home.

Lastly, you must pass the time test. You must be working full-time at your new job location or a minimum of 39 weeks for one year after the move. For those who are self-employed, you must pass the test too. Furthermore, you must work full-time for a minimum of 8 weeks during the first 2-years at your new job location. In a situation your tax return is outstanding before you undergo the time test, you will still be able to claim the deduction only if you expect to meet.

Tips for those who are eligible for this deduction

Travel: You can reduce some transportation and lodging costs while moving. This deduction does not only apply to expenses for yourself while moving but other household members too.

Household good and utilities: You can deduct the cost of packing and shipping your belongings. It may include the expenses to store or insure your items while moving. You can also deduct the cost to connect or cut off utilities in your old or new home.

Expenses that are not deductible: You might not be able to deduct the following:

- The cost of selling your house

- The cost of breaking a lease

- Some of the purchase cost of your new home

Reimbursed Expenses: If after some time your employer pays for the expenses of a move that you had reduced on your tax return you might need to add the payment as income.

Update your address: Whenever you move, ensure that you update your current address with the IRS and the U.S. Post office.

Reach out to your personal tax advisor for complete information to make sure you are doing the right thing with your taxes after your move.





Posted by Svetlana Sheinina on 10/15/2019

It doesn’t matter if you’re moving down the street or across the country, moving into a new neighborhood can be hard. You want to make your new property, and new area feel like home. Relocation is always a challenge. There are a few things you can do to make the transition smoother for your family. Meeting people and learning about your new community doesn’t have to be a huge ordeal. Read on for tips to make it fun! 


Approach Your Neighbors


It can be kind of scary to approach your new neighbors, but reaching out to them is one of the best ways to meet people. If you see your neighbors out and about give them a wave or shout “hello.” These gestures are a way to extend yourself without intruding on them. Ask questions about the neighborhood like when the trash pickup is or how the traffic on a local route is. You can even find out where the best grocery store to shop at is. Anything simple can open up a great conversation. 


Get Outside


It’s easy to meet up with your neighbors if you give them an opportunity to see you. Sit out on your porch. Go for a walk around the neighborhood. Spend some time outside gardening. Just be approachable. If you’re cheerful and seem a bit inquisitive about the area, people will be more likely to talk to you. 


Spend Time In The Community


If there’s a local diner or coffee shop, spend some time there. You’ll be more likely to meet your neighbors and have something in common with many of the people that live in your new space. Check out local parks with your kids or bring your dog. You can talk to other dog owners or parents and get to know them. 


Finding ways to volunteer and get involved in your community is also a great way to connect and get to know where you live. 


Other Ways To Get Involved


You can get connected with people in the area through connections you have. College alumni networks can connect you with social clubs in a new city or region. Your employer may also have mentoring programs to assist you through the transition         


Moving to a new area can be hard, but with an open mind to opportunities, you can make the transition pleasant for both you and your family.   






Posted by Svetlana Sheinina on 10/8/2019

Have you heard the term “earnest money” but really aren’t sure what it means? Once you have found the perfect home and are all set to make an offer, there’s one more step that you need to take. That’s to make a deposit on the home you want to buy. This is known as an “earnest money deposit.”  


The Purpose Of The Deposit


The deposit shows the seller that you’re serious about buying the home. It’s a measure that allows the seller to have some faith in you as a buyer that you’re truly moving forward with your decision; you’re ready as a buyer to make the financial commitment. This deposit allows the deal to begin on a solid basis without much question. 


Is The Deposit Required Legally To Buy A Home?


From a seller’s perspective, a deposit keeps a buyer from changing their mind. If there is a significant amount of money involved, the seller sees the deposit as a way to keep the buyer locked in. This makes it easier for sellers to accept an offer. 


How Much Is Expected For An Earnest Money Deposit?


These deposits don’t quite have a standard amount. The general rule is that they range from 1% of the home price up to 5%. The more expensive of a home that’s being purchased, the larger the earnest money deposit should be. In some cases, the seller may even ask for a certain amount of a deposit to ensure that buyers are serious. How much money you pay at once is often negotiable. You may be able to pay part of the money at one time and the other part at a later date.


New Construction Can Require Large Deposits


New construction homes can require large earnest money deposits- up to half of the purchase price of the home. This is because the construction costs need to be paid upfront and the bank wants proof that the units being constructed with loan money are being sold to buyers who can pay for the home. 


New construction homes are often customized as well. It would be detrimental to a developer to make special changes to a home only for a buyer to walk away. 


Getting The Deposit Refunded


As with everything in real estate, you’ll have a contract. If you don’t follow the terms of the contract, you risk losing your earnest money deposit. Two main reasons for buyers to walk away are a flopped home inspection or financing that falls through. Read your contracts carefully. Sellers sometimes state that deposits are nonrefundable after a certain number of days. 


You need to be sure that you are covered as a buyer in the purchase and sales agreement. If you back out of a home purchase without good reason like a contingency included in the agreement) you could be out of luck when it comes to getting your deposit back.    






Tags: Buying a home   finances  
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