June 2007
Monthly Archive
23 Jun 2007 07:20 am
Understanding the serious housing slump.
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Despite turmoil in the housing markets that includes record foreclosure numbers, mortgage rate increases and home price depreciation, homeowners don’t believe there’s a real estate slump, according to a new poll. Most - 55 percent - are confident that their homes continued to increase in value compared with a year ago, according to a nationwide telephone survey conducted this month by The Boston Consulting Group (BCG), a business and management strategy firm. The perception gap between what Americans believe and the current housing market reality can influence their behavior. According to some pundits, most homeowners (76 percent) have not, for example, pared back their consumer spending in response to current market conditions. |
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22 Jun 2007 06:49 am
A Guide for First Timers Making That First Big Home Purchase
Courtesy of The RealEstateJournal.com Here are four steps first-time home buyers should take before sinking their life savings into a house:
1. Assess your credit. Most mortgage lenders use FICO scores to determine loan eligibility.
2. Determine how much to borrow. Many first-time home buyers make the mistake of borrowing as much as their banks or credit unions are willing to offer.
3. Factor in ongoing costs. One of the upsides of renting is that when the refrigerator goes kaput, you can simply call your landlord to have it repaired.
4. Save up to buy. Buying your first home isn’t just a matter of bidding on a house and signing on the dotted line.
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search for : FICO score, first-time home buyer, Save up to buy
21 Jun 2007 06:58 am
8 signs you’re ready to buy your first home
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Interest rates are rising and home price appreciation is slowing, so fewer buyers are looking for new homes. That gives landlords the upper hand to raise rents. Meanwhile, the real estate market is starting to turn from the seller’s favor toward the buyer’s. So if you’re a renter who has been dreaming of homeownership, is now a good time to take the leap? Sure, a cooling real estate market is good news for buyers because it’s easier for them to negotiate a deal. But it shouldn’t be the main reason that pushes you into your first home. |
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search for : Interest rates, home price appreciation
20 Jun 2007 06:42 am
How I Sold My House In Just Six Days
Jane Hodges writes of her home selling experience.
Recently, when my agent listed my house she included what I feared was too bold a directive: “Seller will review all offers on June 14.” All offers? What if there were no offers? Such a technique was common during the real-estate boom. But more recently, I’ve mostly seen the tactic used when a home is in excellent shape — a message that a lot of time (and possibly, money) was spent making the house move-in ready and that a buyer should act quickly. I wondered whether my place was really in such good shape and worried buyers might be scared away.
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search for : home selling
19 Jun 2007 06:05 am
Valle Crucis NC Luxury Estate | NC Mountain Property
This is a 1031 Exchange Income Property.
39.4 acres with 360 degree view of Blue Ridge Mountains.
5,200 sq. ft. main house built in 1990 on 1.24 acres.
Five cottages each built in 1996 on approx. 1/2 acre sites.
No restrictions and no zoning offer many other options:
* Family compound
* Corporate retreat
* Religous retreat
* Horse farm / Dude ranch
* Recording studio
* Cottages can be sold separately
* Land can be further subdivided if desired
click here for more information
18 Jun 2007 07:23 am
Understanding The Important Questions to Ask Before You Sign a Remodeling Contract
| Starting a remodeling project can fuel excitement and anxiety but if you take the time to do your homework then it’s more likely the finished product will produce the expected results. Riordan says doing your homework includes asking contractors the right questions before you invite them into your home to start making major changes. He talked to me about what some of those right questions are and the dangers of not knowing the answers before construction work begins. |
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search for : remodeling project
17 Jun 2007 08:54 am
Attic ventilation makes a healthy home
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Proper attic ventilation is very important to your home’s good health, both in summer and winter. In the summer, a good flow of ventilation will remove unwanted heat that is trapped in the attic. That heat can damage the roofing, and it also makes it that much more difficult to keep your home cool. In the winter, removing attic heat allows the underside of your roof to stay closer to the ambient temperature of the outside air, which helps prevent ice damming. And throughout the year, good attic ventilation removes excess moisture before it can accumulate and create the potential for mold growth or damage to wooden structural members. |
search for : attic ventilation, mold growth
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