Real Estate

Real Estate Thursday - Benefits of buying in the winter and more

Real Estate Thursday - Benefits of buying in the winter and more

Benefits of buying a home in the winter

Typically, home sales are strongest in the spring and summer months; however, there are several advantages to shopping for homes in the fall and winter. Sellers are often more motivated in the winter and may be willing to negotiate terms such as price, repairs, and even a closing date.

Real Estate Thursday - 7 Reasons To Own Your Home

Real Estate Thursday - 7 Reasons To Own Your Home

 

1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home.

2. Appreciation. Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average 6.5 percent each year from 1972 through 2005, and increased 88.5 percent over the last 10 years, according to the NATIONAL ASSOCIATION OF REALTORS®. In addition, the number of U.S.

Real Estate Thursday - Determining Value when Selling

Real Estate Thursday - Determining Value when Selling

A Comparative Market Analysis (CMA) is essential to determine the value of residential property.  Location and characteristics of the property are the key elements in determining value.

Real Estate Thursday - Determining Value when Selling

Real Estate Thursday - Determining Value when Selling

A Comparative Market Analysis (CMA) is essential to determine the value of residential property.  Location and characteristics of the property are the key elements in determining value.

Real Estate Thursday - The Real Estate Market Is Looking Up! - Is Now The Time To Buy?

Real Estate Thursday - The Real Estate Market Is Looking Up! - Is Now The Time To Buy?

10 Ways to Prepare for Home Ownership

1. Decide what you can afford. Generally, you can afford a home equal in value to between two and three times your gross income.

2. Develop your home wish list. Then, prioritize the features on your list.

3. Select where you want to live. Compile a list of three or four neighborhoods you’d like to live in, taking into account items such as schools, recreational facilities, area expansion plans, and safety.

4. Start saving. Do you have enough money saved to qualify for a mortgage and cover your down payment? Ideally, you should have 20 percent of the purchase price saved as a down payment. Also, don’t forget to factor in closing costs. Closing costs — including taxes, attorney’s fee, and transfer fees — average between 2 and 7 percent of the home price.

5. Get your credit in order.

Real Estate Thursday - The Real Estate Market Is Looking Up! - Is Now The Time To Buy?

Real Estate Thursday - The Real Estate Market Is Looking Up! - Is Now The Time To Buy?

10 Ways to Prepare for Home Ownership

1. Decide what you can afford. Generally, you can afford a home equal in value to between two and three times your gross income.

2. Develop your home wish list. Then, prioritize the features on your list.

3. Select where you want to live. Compile a list of three or four neighborhoods you’d like to live in, taking into account items such as schools, recreational facilities, area expansion plans, and safety.

4. Start saving. Do you have enough money saved to qualify for a mortgage and cover your down payment? Ideally, you should have 20 percent of the purchase price saved as a down payment. Also, don’t forget to factor in closing costs. Closing costs — including taxes, attorney’s fee, and transfer fees — average between 2 and 7 percent of the home price.

5. Get your credit in order.

Welcome To Real Estate Thursday

Welcome To Real Estate Thursday

 

Each Thursday I will focus on the market and the home buyer or seller.  We are in difficult times and folks are not sure what to do when it comes to real estate. Should I buy? Should I sell?  Are pricing going down?  Going up?