[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f70z2wmjeeyyx":3,"$ffeh0925h8cuz":47,"$f2emv3tus0uf1":51,"$fbwk2pqjjqsc7":55},{"item":4,"previous":35,"next":41},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":33,"updatedAt":34},3986,"using-your-tax-refund-to-achieve-your-homeownership-goals-this-year","Using Your Tax Refund To Achieve Your Homeownership Goals This Year","If you’re buying or selling a home this year, you’re likely saving up for a variety of \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F04\u002F05\u002Fwhat-you-need-to-budget-for-when-buying-a-home\u002F\">expenses\u003C\u002Fa>. For buyers, that might include things like your \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F02\u002Fdown-payment-assistance-programs-can-help-you-achieve-homeownership\u002F\">down payment\u003C\u002Fa> and closing costs. And for sellers, you’re probably working on a bit of spring cleaning and maintenance to spruce up your house before you list it.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F04\u002F07142109\u002F20220411-KCM-Share.jpg","If you’re buying or selling a home this year, you’re likely saving up for a variety of \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F04\u002F05\u002Fwhat-you-need-to-budget-for-when-buying-a-home\u002F\">expenses\u003C\u002Fa>. For buyers, that might include things like your \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F02\u002Fdown-payment-assistance-programs-can-help-you-achieve-homeownership\u002F\">down payment\u003C\u002Fa> and closing costs. And for sellers, you’re probably working on a bit of spring cleaning and maintenance to spruce up your house before you list it.\u003C!--more-->\r\n\r\nEither way, any money you get back from your taxes can help you achieve your goals. Using a tax refund is a common tactic for buyers and sellers. \u003Cem>SmartAsset\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fsmartasset.com\u002Ftaxes\u002Ftax-return-calculator?year=2022#us\u002FtaxReturn\">estimates\u003C\u002Fa> the average American will receive a $2,897 tax refund this year. The map below provides a more detailed estimate by state:\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F04\u002F07141952\u002F20220411-MEM-Eng.png\">\u003Cimg class=\"aligncenter wp-image-46296\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F04\u002F07141952\u002F20220411-MEM-Eng.png\" alt=\"Using Your Tax Refund To Achieve Your Homeownership Goals This Year | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nIf you’re getting a refund this year, here are a few tips to help with your home purchase or sale this season.\r\n\u003Ch4>\u003Cstrong>How Buyers Can Use Their Tax Refund\u003C\u002Fstrong>\u003C\u002Fh4>\r\nAccording to \u003Ca href=\"https:\u002F\u002Fwww.americanfinancing.net\u002Flifestyle\u002Fways-to-use-tax-refund-for-homeownership\">\u003Cem>American Financing\u003C\u002Fem>\u003C\u002Fa>, there are multiple ways your refund check can help you as a \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F16\u002Fare-you-wondering-if-this-is-the-year-to-buy-a-home\u002F\">homebuyer\u003C\u002Fa>. A few include:\r\n\u003Cul>\r\n \t\u003Cli>\u003Cstrong>Growing your down payment fund \u003C\u002Fstrong>– If you haven’t started saving for your \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F01\u002F03\u002Fhow-much-do-you-need-for-your-down-payment\u002F\">down payment\u003C\u002Fa>, let your tax refund kick off the process. And if you have a fund already, the money you get back could put you closer to your \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F12\u002F22\u002Fthe-perks-of-putting-20-down-on-a-home\u002F\">goal\u003C\u002Fa>.\u003C\u002Fli>\r\n \t\u003Cli>\u003Cstrong>Paying for your home inspection\u003C\u002Fstrong> – Your \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F01\u002F28\u002Fwhy-your-home-inspection-matters-infographic\u002F\">home inspection\u003C\u002Fa> can save you a lot of headaches down the road by helping you determine the condition of the house. As a buyer, you’ll typically be responsible for paying for your \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F01\u002F26\u002Fwhats-the-difference-between-an-appraisal-and-a-home-inspection\u002F\">inspection\u003C\u002Fa>, and it’s definitely worth the investment.\u003C\u002Fli>\r\n \t\u003Cli>\u003Cstrong>Saving for closing costs\u003C\u002Fstrong> – \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F15\u002Fdont-get-caught-off-guard-by-closing-costs\u002F\">Closing costs\u003C\u002Fa> are additional expenses you’ll need to pay once it’s time to close. They \u003Ca href=\"https:\u002F\u002Fmyhome.freddiemac.com\u002Fbuying\u002Funderstanding-costs\">average\u003C\u002Fa> anywhere between 2-5% of the purchase price of your home.\u003C\u002Fli>\r\n\u003C\u002Ful>\r\nThis list is a great start, but it isn’t exhaustive of all the costs you may encounter as you set out on your \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F22\u002Fthe-many-benefits-of-homeownership\u002F\">homebuying journey\u003C\u002Fa>. The best way to prepare is to work with a trusted real estate professional to make sure you understand what’s to come in the process.\r\n\u003Ch4>\u003Cstrong>How Sellers Can Use Their Tax Refund\u003C\u002Fstrong>\u003C\u002Fh4>\r\nIf you own a home and are planning to \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F14\u002Fthis-spring-presents-sellers-with-a-golden-opportunity\u002F\">sell this spring\u003C\u002Fa>, your tax refund can help you make sure your home is \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F18\u002Fspring-cleaning-checklist-for-sellers-infographic\u002F\">ready to list\u003C\u002Fa>. Here are a few ways current homeowners can put their tax refund to good use:\r\n\u003Cul>\r\n \t\u003Cli>\u003Cstrong>Making small upgrades \u003C\u002Fstrong>– \u003Ca href=\"https:\u002F\u002Fwww.nerdwallet.com\u002Farticle\u002Ftaxes\u002Fsmart-ways-to-spend-your-tax-return\">\u003Cem>NerdWallet\u003C\u002Fem>\u003C\u002Fa> provides a list of great ways to use your tax refund, including tackling small projects or boosting your curb appeal to help your home stand out.\u003C\u002Fli>\r\n \t\u003Cli>\u003Cstrong>Making repairs\u003C\u002Fstrong> – If there’s anything in your house that needs to be fixed, \u003Ca href=\"https:\u002F\u002Fwww.americanfinancing.net\u002Flifestyle\u002Fways-to-use-tax-refund-for-homeownership\">\u003Cem>American Financing\u003C\u002Fem>\u003C\u002Fa> notes that completing repairs is another great use of that money.\u003C\u002Fli>\r\n \t\u003Cli>\u003Cstrong>Buying your next home \u003C\u002Fstrong>– Whether you’re selling to \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F02\u002F28\u002Fmillennials-do-you-need-a-home-with-more-space\u002F\">move up\u003C\u002Fa> or downsize, you can use your tax refund to help pay for any costs on the purchase of your next home.\u003C\u002Fli>\r\n\u003C\u002Ful>\r\nOf course, it’s important to talk with your trusted real estate advisor before taking on any projects. They’ll make sure you can focus on areas that’ll help you receive the best possible price when you sell.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nFunding your home purchase or sale can feel like a daunting task, but it doesn’t have to be. Your tax refund can help you reach your goals. Let’s connect to discuss how you can start on your journey.","\r\nFunding your home purchase or sale can feel like a daunting task, but it doesn’t have to be. Your tax refund can help you reach your goals. Let’s connect to discuss how you can start on your journey.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F04\u002F07141952\u002F20220411-MEM-Eng.png",false,[17,21,25,29],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},11,"First-Time Buyers","first-time-buyers",{"id":30,"name":31,"slug":32},38,"Move-Up","move-up","2022-04-11T10:00:26Z","2022-11-16T17:26:31Z",{"id":36,"slug":37,"title":38,"featuredImage":39,"publishedAt":40,"contentType":10,"isVideo":15},3979,"do-you-know-how-much-equity-you-have-in-your-home-infographic","Do You Know How Much Equity You Have in Your Home? [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F04\u002F05162234\u002F20220408-KCM-Share.png","2022-04-08T10:00:04Z",{"id":42,"slug":43,"title":44,"featuredImage":45,"publishedAt":46,"contentType":10,"isVideo":15},3987,"why-a-real-estate-professional-is-key-when-selling-your-house","Why a Real Estate Professional Is Key When Selling Your House","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F04\u002F11104750\u002F20220412-KCM-Share.jpg","2022-04-12T10:00:51Z",{"cover":48,"open":49,"shareSpread":50},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":52,"open":53,"shareSpread":54},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[56,60,61,62,66,70,74,75,79,83,84,88,92,96,100,104,108,112,116,120,124,128,132,136,140,144,148,152,156,160],{"id":57,"name":58,"slug":59},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":63,"name":64,"slug":65},7,"Foreclosures","foreclosures",{"id":67,"name":68,"slug":69},8,"Infographics","infographics",{"id":71,"name":72,"slug":73},9,"Home Prices","home-prices",{"id":26,"name":27,"slug":28},{"id":76,"name":77,"slug":78},34,"Senior Market","senior-market",{"id":80,"name":81,"slug":82},35,"Mortgage Rates","mortgage-rates",{"id":30,"name":31,"slug":32},{"id":85,"name":86,"slug":87},41,"For Sale by Owner","for-sale-by-owner",{"id":89,"name":90,"slug":91},42,"Featured","featured",{"id":93,"name":94,"slug":95},45,"New Construction","new-construction",{"id":97,"name":98,"slug":99},52,"Luxury \u002F Vacation","luxury--vacation",{"id":101,"name":102,"slug":103},53,"Rent vs. Buy","rent-vs-buy",{"id":105,"name":106,"slug":107},80,"Time-sensitive","time-sensitive",{"id":109,"name":110,"slug":111},81,"Outdated","outdated",{"id":113,"name":114,"slug":115},147,"Internal","internal",{"id":117,"name":118,"slug":119},148,"Do Not Autopost","do-not-autopost",{"id":121,"name":122,"slug":123},320,"Inventory","inventory",{"id":125,"name":126,"slug":127},321,"Agent Value","agent-value",{"id":129,"name":130,"slug":131},322,"Affordability","affordability",{"id":133,"name":134,"slug":135},323,"Buying Tips","buying-tips",{"id":137,"name":138,"slug":139},324,"Downsize","downsize",{"id":141,"name":142,"slug":143},325,"Economy","economy",{"id":145,"name":146,"slug":147},326,"Equity","equity",{"id":149,"name":150,"slug":151},327,"Forecasts","forecasts",{"id":153,"name":154,"slug":155},328,"Selling Tips","selling-tips",{"id":157,"name":158,"slug":159},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":161,"name":162,"slug":163},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]