• Mike Gratland

Your Tax Return: Bring it Home


This time of year, many people eagerly check their mailboxes looking for their tax return check from the IRS. But, what do most people plan to do with the money? GO Banking Rates recently surveyed Americans and asked the question - “What do you plan on doing with your tax refund?”

The results of the survey were interesting. Here is what they plan to do with their money:

41% - Put it into savings

  • 38% - Pay off debt

  • 11% - Go on a vacation

  • 5% - Make a major purchase (car, home, etc.)

  • 5% - Splurge on a purchase

Upon seeing the research, The National Association of Realtors (NAR) wondered if this could help with a constant challenge cited by many people who wish to purchase a home – saving for the down payment.

In a recent post in NAR’s Economists’ Outlook Blog, they explained:

“With a sizable tax refund, the average American would have a decent down payment depending on which region or market you live in.”

They went on to add:

“[A]pproximately 5 percent of all respondents indicated they would make a major purchase which does not seem like a lot. However, there is a bigger group 41 percent who see saving the tax return is best and that group could be potential homebuyers if they are not already.”

In other words, putting that money toward purchasing a home is a form of savings.

Bottom Line

When one considers that first-time home buyers in 2016 had an average down payment of 6%, a decent tax return could go a long way toward the necessary funds needed for a down payment on a house. Or perhaps, the down payment needed by a son or daughter to make their homeownership dream a reality. How are you going to spend your return?

The KCM Crew

#investments #taxreturn #buyingahome #Firsttimehomeowners

8 views

Sell Your Home In 72 Hours & Net Thousands More!

There Is A Better Way To Sell Real Estate. Our "72 sold" program has a proven track record yielding our clients more money for their homes. Every home is properly evaluated, and guaranteed to have the best photography, quality print materials and compelling digital ads.

 

It's not always about price... sometimes it's the best terms that you can benefit from, and only an experienced realtor will have this kind of knowledge.

Mike Gratland & our exceptional real estate team has been offering outstanding real estate service and helping people realize their real estate goals since 1999

 

Whether you're buying or selling in Ventura or West LA Counties, we are excited to help you and become your real estate partner for years to come.

Find your next dream home with us. 

 

Get insightful information and an honest valuation of your home. We are excited to help you with your next real estate transaction. 

Exceptional Real Estate Services Include:

  • Home Resale

  • New Home Negotiations

  • Fast sale of Homes With Our Exclusive "72 sold" Program 

  • Accurate Property Valuations

  • VA & FHA Buyers

  • Home Search Assistance

  • Property Management Assistance

  • Dream Home Finders

  • COVID Safe home showings

  • Foreclosure Assistance

  • Short Sale of Property

  • Buy and Hold Investment Assistance

  • Contract Negotiations

Best Real Estate Service in West End Los Angeles Cities:

  • Tarzana Real Estate Services

  • West Hills Real Estate Services

  • Canoga Park Real Estate Services

  • Calabasas Real Estate Services

  • Agoura Hills Real Estate Services

  • Westlake Village Real Estate Services

  • Reseda Real Estate Services

  • Santa Clarita Real Estate Services

  • Encino Real Estate Services

  • Malibu Real Estate Services

Best Real Estate Service in Ventura County Cites:

  • Westlake Village Real Estate Services

  • Oak Park Real Estate Services

  • Thousand Oaks Real Estate Services

  • Newbury Park Real Estate Services

  • Hidden Valley Real Estate Services

  • Lake Sherwood Real Estate Services

  • Camarillo Real Estate Services

  • Moorpark Real Estate Services

  • Simi Valley Real Estate Services

  • Oxnard Real Estate Services

  • Ventura Real Estate Services

  • Fillmore Real Estate Services

4165 E Thousand Oaks Blvd #100
Westlake Village, Ca 91362

805-857-5811

©2017 Mike Gratland Realtor®.  Images are copyrighted on this site

DRE Lic#01263457