I just received my income tax organizer from my accountant and I was reminded of a challenge that some buyers may face this time of year.
I know you’re thinking “Really?? I just managed to get through the holidays and I don’t even want to think of filing taxes yet”. But, if you’re one of the buyers hoping to beat the rush by entering the market in the spring you need to add one more task to your ever-growing to-do list.
So, what does the filing of taxes have to do with all of this? If you’re making offers on homes, and your closing could be on or around April 15th, you need to contact your mortgage professional to discuss when you should file your taxes. This can help you avoid any last minute issues with your transaction.
Things to consider:
As a real estate professional I want my clients to be aware of any possible stumbling blocks that could derail a transaction. My goal is for you to make great decisions with great information.
I just received my income tax organizer from my accountant and I was reminded that this time of year can pose an extra challenge for my clients. As you can see, my clients are never far from my thoughts, ahhh the life of a real estate broker. But seriously, I love my job.
I know you’re thinking “Really?? I just managed to get through the holidays and I don’t even want to think of income taxes yet” or “Are you kidding me?? I have enough on my plate with work, kids, finding a new house, etc, etc. Why can’t I put this off as long as possible?”
Buyers hoping to beat the rush by entering the market in the Spring need to add one more task to the ever-growing list of things to do.
So what does filing taxes have to do with buying a home? Buyers may be negotiating the closing on a property on or around April 15th and it may become an issue if their taxes have not been filed in time for the lender to get a transcript.
So what does that mean for you?
My goal as a real estate professional is to do my best to see potential stumbling blocks before they upset your transaction. My goal is to insure you are always making great decisions with great information.