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BEWARE!
13 Extra Buyer Costs You Need to Know About
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no obligation report let's you know about 13 extra buyer
expenses you need to know about before you start your home
search. |
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no obligation easy to understand report and DVD provides simple
ways to avoid 9 buyer traps that most buyers fail to navigate
before they happen.
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FREE Special Report
"6 Things You Must Know Before You Buy"
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Discover how to avoid these costly mistakes.
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identifies potential trouble-spots, and lays out an easy-to-follow
step-by-step system to help you get the most money for your home |
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Tips for Selling in the Fall
With
fall marking its entrance, kids
back in school, and the holidays
just around the corner, home
sales tend to slow down during
this time of year. If you're
selling, it means you need to
take extra measures to make your
house stand out above the others
on the market in your
neighborhood.
So, if you're preparing to
sell your house this fall, think
about:
Curb appeal. Fall can make
or break you when it comes to
curb appeal and the
all-important "first
impression." Leaves turning
shades of crimson and gold can
add extra appeal to the total
look of your home's exterior. On
the other hand, leaves strewn
about your front yard can
decrease your home's visual
appeal during that first
impression.
Generic improvements that
enhance your home's
functionality, efficiency and
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September was another
good reporting period.
However, the final
quarter of the year,
October-December, which
will give us the
direction for 2006. This
is because most of our
negative trends
originated in
September, i.e. two
major hurricanes Katrina
& Rita, escalating fuel
& energy costs, higher
interest rates, and
declining consumer
confidence.
CONTINUED >>>
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Questions You Should Ask About
Property Taxes
Property
taxes are a major expense, one which
often totals thousands of dollars per
year. But property taxes are not the
same for like properties or for every
owner.
Property taxes provide much of the
revenue used to fund local and state
governments. As property values go up,
property tax collections also rise which
means additional dollars are available
for more public services -- and perhaps
even for tax refunds. Alternatively, if
property values decline, then government
programs tend to be squeezed or there is
pressure to raise income and sales taxes
to make up for short-falls.
How much you pay for property
taxes depends on the value of your home
and also local tax policies. In the
usual case, a property value is
established by government assessors.
Once a value is set the tax rate is then
applied. For instance, if the rate is
$1.50 for each $100 in value, then a
home worth $100,000 would have an annual
tax bill of $1,500 or $125 per month.
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Get A Grip, Lock That Rate
Rate
locks are key to keeping the lid on
lending costs when interest rates begin
to take off -- as they have for the past
month and a half.
Since Sept. 8, when the average
fixed interest rate on 30-year
conforming mortgages was 5.71 percent,
rates have risen for six consecutive
weeks, adding 0.39 percentage points to
the average.
That pushed the average mortgage
interest rate to 6.10 percent on October
20, according to Freddie Mac's Weekly
Primary Mortgage Market Survey.
The six-week run up in prices was
the longest sustained week-after-week
increase in average interest rates since
spring of last year when rates rose for
eight consecutive weeks. From 5.38
percent in March 2004, they rose to 6.34
percent by May, 2004.
What's more, the 6.10 percent
average rate is the highest it's been
since July 1, 2004 when it averaged 6.21
percent, Freddie Mac said.
"Anytime rates go up, rate locks
are an issue. If you don't lock in your
rate, then your rate is floating with
the market," said Jack Guttentag, the
"Mortgage Professor" and finance
professor emeritus at the University of
Pennsylvania's Wharton School.
A traditional rate lock is a
lender's guarantee that your mortgage
carries a specific interest rate,
points, and other
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Housing Forecast
Looks Stronger
The
forecast for home sales has trended up as the
year progressed, fueled lately by added demand
resulting from the impact of recent hurricanes,
according to the National Association of
Realtors.
David Lereah, NAR's chief economist, said
that at the beginning of the year it was thought
that 2005 would be the second best total for
both existing- and new-home sales, but by June
it was apparent that another record was in the
works. "Post-Katrina, our sales projections for
this year have moved even higher," Lereah said.
"Short-term momentum is very strong, and our
Pending Home Sales Index just set a record. In
addition to the housing needs of hurricane
victims, we may be seeing some 'fence jumping'
from home buyers who are getting into the market
before
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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Free Online Home
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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.
We can show you why with a FREE DVD and report, How to Sell a
Home That Did Not Sell.
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How to Get Your
Asking Price in a Buyer's Market
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FREE no obligation report and DVD showing you how to get your
asking price in a buyer's real estate market. |
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27-Keys to
Selling Your Home
Quickly and for Top Dollar
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FREE no obligation report and DVD explaining the 27-keys to
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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| To
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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