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Should I Take My Home Off the
Market During the Holidays?

When
you look at your calendar you
may find the months already
overloaded with seasonal
obligations -- shopping,
entertaining, children's
pageants, charity work,
decorating the house, and so
much more. If you are also
trying to sell your home, you
are under extra pressure to keep
your home in "showtime"
condition. And that could be the
last thing you need before the
holiday spirit is broken.
It is understandable why
you would be tempted to take
your home off the market during
the holidays. And the list of
justifications is long. If you
are too busy, buyers may be
also, and you may find your
efforts unrewarded by enough
showings. And what if you do get
an offer? You may be faced with
the possibility of packing and
moving during the busiest time
of the year. Besides, you can
give your house a rest, and it

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October numbers are in and it’s
looking like we may be slowing
to "flat", rather than a steep
decline. There were 5,263
single-family closings in
October.
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Should You Remodel or Move?

Unless
you've taken a new job in a new
location, the decision to move up may
involve deciding on whether to remodel
or move altogether. Homeowners
nationwide will spend $192.8 billion
this year to either remodel or repair
their homes, according to the U.S.
Census.
The Remodeling Index, provided by
National Association of Home Builders'
Remodeling Council, determines minor
alterations at $25,000 or below and
major alterations above that amount.
Where do you stand? Is it worth
$25,000-plus to remodel or should you
move up?
There are reasons in favor of
both. Let's deal with the remodeling
first.
Your community is great, why move? For
some homeowners they already live in the
best community for their family and
lifestyle. The schools are great, it's
near their worship center, shopping and
they are plugged in with neighbors and
the community. So instead of moving, it
might be best to expand or remodel.
Sometimes, it's just time to upgrade the
house -- even if you're planning on
selling in the future. If you bought a
home with 15-year-old appliances and
décor, it

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Home Buyers May Get Mortgage
Insurance Tax Deductions

Home
buyers and refinancers who take out low-downpayment
loans using any form of mortgage
insurance -- FHA, VA guaranty or private
coverage -- may get a surprise benefit
next month: For the first time ever,
they may get the right to deduct their
monthly mortgage insurance payments just
as they currently get to write off
mortgage interest payments.
It's not a done deal yet, but
Capitol Hill sources say the prospects
are good that pending federal tax
legislation will allow mortgage
insurance tax deductions when it goes to
the President's desk before the end of
the year. The write-off provision is
tucked away inside a massive $60 billion
bill passed last week by the Senate
63-44. The House is expected to pass its
own tax bill after the Thanksgiving
recess, but without a mortgage insurance
deduction sanction. Senate and mortgage
industry sources say it is highly likely
that a House-Senate on the two bills
will approve the Senate's concept, in
part because it has bipartisan support
from more than half of the members of
the House of Representatives, and in
part because this year's Senate bill
authorizes deductions only for new
mortgage insurance policies written
during calendar year 2007, thereby
cutting revenue costs.

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Homeowners Warming Up to Bigger and Better
Fireplaces

Fireplaces
have traditionally been one of the top amenities
sought by homebuyers. But now sophisticated
buyers -- and smart homebuilders -- are taking
it one step further with upgraded, additional
and outdoor fireplaces.
A survey last year by the Hearth, Patio &
Barbecue Association revealed homebuyers include
a fireplace among features they most want in
their home. They also consider a fireplace a
design feature that improves the home's value.
Nearly 60 percent of all homes built today
include at least one fireplace, according to the
National Association of Homebuilders. And 71
percent of fireplace installations are made by
the




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
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Your Home
Didn't Sell. Do You Know Why?
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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
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