Fitzgerald and Associates Real Estate

Posted by Fitzgerald and Associates Real Estate on 2/23/2018

Stopping by local garage sales in search of bargains and treasures is a lot like panning for gold. Some days you'll be sifting through a lot of rubble before you discover the hidden gems. Other days, you'll hit the mother lode, right away! Whether you're looking for cheap books, antique furniture, unique jewelry, retro clothing, statues, gardening tools, or gently used toys, you can expect to stumble upon some very interesting and worthwhile items -- usually at extremely low prices. Keys to Bargain Hunting Success Many people who attend garage sales on a regular basis seem to have developed a system to ferret out what they're looking for, spot bargains, and negotiate the lowest possible prices. They often don't even get out of their cars if the items displayed fail to catch their interest. Yard sales attract a wide variety of people, but the ones who find the best stuff at the lowest prices know the value of persistence, getting an early start, and advance planning. Many are quite adept at surfing the Web, clippings ads, and using social media to find promising yard sales to check out. The Seasoned Garage Sale Hunter In addition to a natural curiosity about the unexpected treasures they might find in their travels, they recognize the following underlying truths about garage sales.

  • There are two main reasons that people hold garage sales: to make extra money and to get rid of things they no longer need or want. In most cases, they're highly motivated to make sales and do not expect to rake in boatloads of money. If they happen to be in the process of selling their house and getting ready to move, they should be especially motivated to clear out all their garage sale inventory. The last thing they want to see is an interested customer with a wad of cash in their hands walk away because the price wasn't right. If you make a reasonable offer, chances are they'll either accept it or make a counteroffer. By cultivating some basic negotiating skills and learning to have fun with it, you can pick up some amazing deals in your neighborhood.
  • At first, going to garage sales may seem like a hit-or-miss proposition. However, persistence pays off. Good timing, a little bit of luck, and being in the right place at the right time will eventually work in your favor. It's sort of a "numbers game," so if you plan to visit a few different yard sales in one morning, you're bound to find all kinds of worthwhile treasures and bargains.
  • If you know what you're looking for and have a pretty good idea of what its worth, you'll be in a good position to make reasonable offers and walk away with exceptional deals.
Whether you're looking for a used guitar, an inexpensive desk for a college student, or some hard-to-find first-edition books, you never know what you're going to discover when you dedicate a Saturday or Sunday morning to some serious garage sale shopping!

Posted by Fitzgerald and Associates Real Estate on 5/13/2016

Going to college can be a very expensive endeavor as a result of the financial requirements and obligations.  It requires a lot of financing from textbooks, to housing accommodations, transportation and other miscellaneous expenses.  This does not even include the cost of tuition. There are several ways of handling these costs effectively without going broke. Here are a few suggestions to assist in your financial planning. 529 College Plans This is a form of investment that allows parents to set aside some money towards their kid’s education, allowing it to appreciate in value tax free.  This implies that when you withdraw from your savings, as long as the funds are used for the purpose of your child’s education, you will not be taxed. Irrespective of your income, and other family members can contribute to a 529 account. Coverdell Education Saving Accounts (ESA) This account functions like an IRA. But in this case, it is for education and not retirement. With this form of savings, you can make contributions up to $2000 with post tax dollars and allow the money to grow tax free. When you withdraw, you are not taxed on the money or interest as long as it is used for the purpose of education. IRA and Roth IRA Accounts Basically, these accounts are investment accounts used to save money for college or retirement with no significant taxes. They come as deductible and non deductible accounts. In order to qualify for this type of accounts, your income as well as an existing retirement plan is taken into consideration. With a deductible IRA, tax is deducted from your annual contributions. When you make withdrawals, you will be taxed based on your contributions and earnings. Roth IRA, contributions are not tax deductible and your earnings are also tax free if your withdraws after a five year period are used for an appropriate expenses like college tuition.

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Posted by Fitzgerald and Associates Real Estate on 3/25/2016

Who wouldn't like to pay off the mortgage early? Getting rid of mortgage debt will allow you the security and the psychological benefit of owning your home free and clear. There are lots of ways to accomplish these goals. Here are some suggestions on ways to get rid of your mortgage debt. Compare the options and do what works best for you. 1. Add more money to your monthly payment. This will help pay down the principal balance shortening the length of your loan. When you pay more on your principal is gets lower, and the lower your principal gets, the more every payment from then on is applied to principal, as less goes to cover interest expense. 2. Refinance. Refinance your mortgage to 10, 15 or 20 years. Your payments will be higher on a 15-year loan, but often the rate is lower and the loan is paid off much quicker. If you are afraid to take out a 15- year loan take out a 30-year loan, but make payments as if you had a 15-year loan. 3. Make biweekly payments. Most banks have a biweekly payment plan. Since there are 52 weeks in the year if you pay half your regular mortgage payment every other week, you'll have made 26 half-payments, or 13 payments. There are options when it comes to owning your home free and clear. Just decide which one works for you and be on your way to being mortgage free.

Posted by Fitzgerald and Associates Real Estate on 2/12/2016

No matter how sturdy a home is, sooner or later maintenance will be required. When this happens, you will have the choice to do some of this maintenance work yourself, or you could opt to utilize a home repair service to do it for you. This largely depends on how much experience you have in repairing things in your home. For example, hanging a picture on the wall does not take too much knowledge and expertise, as all you would need is a good drill and a little bit of know-how. On the other hand, if you need some major plumbing repairs, then you are better off finding a reputable plumber to do the job for you. When it comes to painting, it really does depend on whether you have some experience and know-how, and how much you enjoy doing it. For some people, painting can be extremely therapeutic. They will gladly paint every room in their home without any fuss. For others, painting a wall can seem like an extremely messy job, and in most cases, it will be a job badly done. In a situation like this, you are better off using a professional painter. One of the best ways to find a good quality home repair service is by going on the internet, as this allows you to quickly find a specialized repair service within your area with just a few clicks of your mouse. In addition, you are also able to do a little research on the repair service beforehand. If you would like a local referral I keep a list of professionals. Please call or email me for more information.

Posted by Fitzgerald and Associates Real Estate on 11/13/2015

Saving money can be hard. It often seems like a daunting task but often it is the little things that make a big difference. Here are five tips to get saving more money now. 1. Pay off your debt. If you have debt try to consolidate it and pay off debt as soon as possible. A strategy to do this would be to consolidate debt to a lower interest rate if possible. Interest on debt can cost you thousands of dollars every year. 2. Pay your bills on time. When you don't pay your bills on time you acquire late fees. The best way to do this is to get organized about your regular bills. If possible, automate your regular payments. 3. Know your bank balance. If you don't keep track of your check book you will probably accrue over draft fees. Be aware of the balance in your bank account and avoid overdraft fees. 4. Avoid ATM fees. ATM fees can really add up. Try to use only those ATM machines where your bank will not charge the fees, or withdraw directly at your bank. 5. Manage your credit. Credit card fees are often hidden costs you don't account for. Look for credit cards with cash back bonuses and reward points. Avoid credit cards with annual fees.

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Categories: Money Saving Tips