What Are You Doing With Your Tax Rebate?

Real Estate

What Are You Doing With Your Tax Rebate?

It’s the start of a new year and with that comes another tax season. Are you expecting a tax rebate this year? Deciding on what to do with that return can be a challenge. It’s tempting to splurge that money on a special treat or family vacation. While there is nothing wrong with that, it might be better to think about what you can do with that money long term. There are a lot of ways to get your tax refund to stretch further. Our suggestion? Put it towards your house fund. What do we mean by that? As much as we wish this were the case, these rebate checks aren’t large enough to cover a down payment on a house but you can certainly add it to the down payment. It can also be used to help cover the costs of closing. 

If you are a renter, you are paying 100% in interest. None of those rental payments are going to equity into your own place. Right now, your landlord is receiving tax deductions that you could be receiving for owning your own home! It might seem like a pipe dream but there are a lot of options, such as down payment assistance programs, that make it possible for home buyers to stop renting and start owning without saving for a large down payment.

Do you already own a home and are not looking to move anytime soon? Real estate is a great investment. You could have passive income building rental properties to help you beat inflation. Remember those tax deductions the landlord is making? You could be that landlord getting those tax deductions. 

The main key to this is if you do want to put that tax rebate to your home fund, you should talk to a professional about all of your options. That means talking to an experienced real estate agent. We can help point you in the right direction for loans and lenders, property management, and vendors to help realize your home owning (or rental property owning) dreams!


Recent Blog Posts

Stay up to date on the latest real estate trends.

Real Estate

What Are You Doing With Your Tax Rebate?

It’s the start of a new year and with that comes another tax season. Are you expecting a tax rebate this year? Deciding on what to do with that return can be a challen… Read more

Just Leafing the Dream in Chico

Have you ever wondered about the piles of leaves lining the roads around Chico during the fall? Many non-Chico natives are surprised when they come to Chico and discov… Read more

Real Estate

Open Houses Tour: Twilight on the Ridge Thursday July 14th 2022 (Paradise, Magalia, Butte Valley)

You’re invited! Today from 4 PM to 6PM Several agencies including Upside Real Estate are hosting open houses for the public to tour listings available on the ridge fro… Read more

Real Estate

Does Real Estate Sell Itself?

Maybe you’ve heard the expression in a sellers market that, “real estate sells itself”. Have you wondered if that’s true? Do all the homes selling at neck-break speed … Read more

Real Estate

Just Listed: 325 Antelope Creek Avenue Chico CA 95973

Beautiful home with tons of upgrades in a great neighborhood near parks and schools in north Chico.

Real Estate

Thinking of Buying and Selling?

Are you looking to buy but need to sell a house in order to do it? In this article I’ll cover some of the most successful ways to buy and sell. 1. Purchase financing.… Read more

Real Estate

60 Acres For Sale: APN 047-200-067-000 Meridian Rd., Chico CA

Virtual Tour on YouTube https://youtu.be/Jmq7dXQMV2I Spectacular location, 360 degree gorgeous views of the foothills. Rare opportunity to grab rural vacant land with … Read more

Real Estate

Should You Sell With a Realtor®?

Buying or selling a home is one of the biggest financial decisions of one’s life. Buying or selling a home is one of the biggest financial decisions of one’s life, and… Read more

Real Estate

1555 Arch Way Chico, CA

1555 Arch WayChico, CA 95973 Year Built 1999 3Beds 2Baths 1,358 Sq. Ft.$272 / Sq. Ft. Price $370,000 If you’re looking for a great house in a wonderful neighborhood ch… Read more

Let's Talk

You’ve got questions and we can’t wait to answer them.