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Copyright
© 2006 Realty Times
All Rights Reserved.
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Selling Your Home
In The Summer
As
we enter the sweltering days of
summer, homebuyers' thoughts
will naturally turn to patios,
decks, landscaping, air
conditioning, and in some cases,
pools. So if your home is on the
market, you'll want to make sure
your house is in top order and
summer-friendly.
July and August are
traditionally busy months
because many families want to
get moved during their
children's summer vacations and
get them acclimated before the
new school year begins. That
means if you're selling your
home this summer, you'll likely
have more competition as more of
your neighbors put their homes
on the market, too.
But the good news is that
this summer in particular should
be a good
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There were 7,990 single-family
closings in June or a decrease
of 3.3% from June 2005.
CONTINUED >>> |
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Normal Market Produces
Buyer Opportunity
Why
aren't builders running scared? Because
the underlying principles of a good
market remain sound in the midst of
buyers scurrying around, afraid of
buying at the height of the market.
While nationally, the industry has
cooled to "more sustainable levels,"
according to the National Association of
Home Builders, "The Bureau of Labor
Statistics reports strong job gains in
many of the fastest-growing states, with
37 states exceeding their pre-recession
peak levels of employment in 2005."
The group recently released a
mid-year housing report on its real
estate trends website
HousingEconomics.com. A cooling of the
market this year will still result in
the third highest level of housing
starts in the last few years.
That's why you keep seeing
building projects going up. Definitely,
not as many houses are being constructed
in 2006 as last year, but the NAHB
report points to several positive market
growth indicators in various regions
across the country.
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Federal Real Estate and Mortgage Tax
Incentives
What's the mortgage interest
deduction worth to the typical homeowner
who claims it at tax time? Nearly
$10,000 on average, according to a
provocative new analysis of federal
incentives for homeowners nationwide.
But there are many parts of the
country where the "typical" tax
deduction for mortgage interest is far
bigger, and plenty of others where it is
considerably smaller. Take, for example,
California's 14th congressional district
in and around high-cost Silicon Valley.
The average taxpayer there took a
whopping $35,000 in mortgage interest
deductions during the year covered by
the research -- more than six times the
average mortgage interest writeoff taken
during the same period by residents of
Oklahoma ($5,710).
The homeowners of the 14th
district took an aggregate $3.2 billion
worth of mortgage interest deductions
and that total was about the same as all
the mortgage interest writeoffs claimed
by all the homeowners in seven states --
Alaska, Montana, North and South Dakota,
Vermont, West Virginia and Wyoming --
combined.
The new research study by the
National Association of Home Builders
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Sellers Face Contingent Dilemma
Contingencies
in contracts will always exist. It is a rare
thing to find a written contract which satisfies
both parties right up front without a
contingency.
In a sellers market, even if the buyer
writes it with no contingencies, the seller will
tack on a few of his own -- must find home of
choice, comes to mind. Even so, when sellers add
contingencies, it's usually only a couple that
are easily remedied and which don't cost the
buyer much money. When buyers add contingencies,
on the other hand, it means the seller may face
delayed expenses (such has home inspection
defects) or have the chance that the house may
not sell at all.
For example, a Washington, D.C. area
seller writes that he has "drastically lowered"
his price, has a great agent and
Daily News and Advice
Read about the events
shaping the Real Estate market today,
find current interest rates, or browse
the extensive library of advice and
how-to articles written by some of the
top experts in Real Estate. Updated each
weekday.
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Your Home
Didn't Sell. Do You Know Why?
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didn't sell or your listing expired. It likely wasn't your home.
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Home That Did Not Sell.
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27-Keys to
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Quickly and for Top Dollar
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selling your home quickly and for top dollar.
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11 High Cost Inspection Traps You
Should Know Weeks Before Listing Your Home For Sale
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help home sellers deal with this issue before their home is
listed, a free report entitled "11 Things You Need to Know to
Pass Your Home Inspection" has been compiled which explains the
issues involved. |
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