Sold in Oroville this week

Lets talk about the local real estate market. It seems that no matter where I go .. grocery store or Walmart I’m asked “how is real estate” …
I will start showing you all the properties sold each week in beautiful Oroville.

**click the link below to see PROPERTIES SOLD IN OROVILLE 11/10/2014 thru 11/17/2014**

http://mrmlsmatrix.com/DE.asp?ID=33002422160

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Home Ownership

Are You Ready …… to Buy a Home?

You’ve done the math. With the down payment you’ve saved, you can safely buy a home for less money than you could ever have as a renter.

Yet, you seem unable to make a commitment. Are you sure you’re really ready to buy a home?

If you find yourself saying any of the following to family, friends, or your real estate agent, you’re not ready. Continue reading

Lake Oroville

Owning vs Renting

http://www.zillow.com/home-buying-guide/rent-vs-buy/

Is renting cheaper?
This is not an inconsequential question. Whether renting or buying is more cost effective depends on your market, where you choose to live and whether you like to do home improvement and maintenance projects yourself.

Homes cost money: Appliances break, roofs leak, and if you own, you are the lucky soul who gets to pay the bill. If you are renting, landlords pay the plumber and roofer.

That is why many homeowners who have taken out a mortgage in order to buy do so in anticipation of the tax breaks that come with homeownership. Depending on your tax bracket, a first-time purchaser’s 1040 tax deductions can heavily subsidize many of the expenses you have poured into your new home.

Also, since a 30-year fixed mortgage comes with an amortization schedule with the highest interest payments coming in the first years of the loan repayment, mortgage holders have been able to claim deductions in the early stages of ownership.