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Like it or not, our neighborhoods affect the home value. If you originally bought in a nice neighborhood that slowly turned since you've lived there-- you could be facing quite a drop in home value.

What other neighborhood aspects affect the value of your home? Here are several more.

If you are thinking about buying a house, you should ask yourself several questions to determine if it is the right time to do so. Whether you are a first-time homebuyer or a seasoned investor, here are some of the most important things to consider when buying a home:

As a source of passive income, it never dries up or matures, but instead provides ongoing income with no loss of assets. In fact, the underlying asset appreciates over time, even as you pay down the mortgage against it. That makes real estate investment an excellent source of retirement income. It diversifies your asset allocation and protects against sequence of returns risk because you don’t need to sell any assets to produce the income.

Then, there are the tax benefits. Investors can deduct for every conceivable expense, from mortgage interest to maintenance costs to property management fees. They can even deduct some paper expenses that they never actually incurred, such as depreciation.

With the real estate sector growing at a quick pace, the property transactions have witnessed a substantial increase recently. While, some people sell their properties to offset a good return on their investment, others are forced to sell because of migration to new cities. Whatever be the reason for selling of a property, there are some things that each seller and buyer must always take note before exchanging any finances or signing up on any agreements. Let us take a look at this

Property purchase is one of the most important milestones of life. It comes with a great sense of achievement. However, most homes are owned without a home insurance policy and it makes home buyers neglect the concept of home insurance completely. Some feel that it is a wholesome investment for an uncertain cause. Nevertheless, it is a wise decision to make this expense to avoid a great financial setback in the future.

1) Choosing the Wrong Real Estate Agent
Don't make the mistake of choosing the wrong real estate agent with whom to work. This person will ask as your guide, searching for potential homes, contacting sellers and answering any questions you may have. A good real estate agent should also work to negotiate the best possible deal, which can subsequently save you thousands of dollars. Because of this, it's important to choose a trustworthy, reliable and experienced real estate agent.

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