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Vital Information For
First-Time Buyers
The first-time homebuyer Federal tax credit for $8000, record-low interest rates, and nationwide median home prices dropping to the lowest point in five years, makes this an enticing time to consider buying a home. By the way, that tax incentive isn't truly just for first-time buyers -- it's defined as those not having owned a home in the last three years. Research and knowing your options are critical. Check with your tax accountant for more details. It’s increasingly likely that Congress will extend and expand the popular home buyer tax credit, which will expire at the end of this month.
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According to an article in August in the Raleigh News & Observer, 10.8 percent of buyers are motivated to buy due to Federal and state tax incentives. So far only 1.14 million buyers have filed
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Relieving the Stress of Packing
Packing can be stressful time for every member of the family. To ensure that your move goes as smoothly as possible, try the following tips!
Pack a "Red Box"
Since one in five American families moves every year, that means 22 million families may be searching for their TV remote controls!
One of the pitfalls of packing for a move is you can't always anticipate what you'll need when you arrive at your new home, and movers typically list only the obvious such as dishes, glasses, bedding, etc. The miscellaneous items you need in the first few hours invariably wind up on the bottom of a random box.
To start, you may want to create your own "red box" as some moving companies ("Removers") do in Great Britain. This is the last box loaded and the first one off the truck. The one universal item in the red box is the tea kettle (perhaps this would be the coffee maker in the U.S.). This is also the place
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Making Your Home Age Appropriate Creates Appeal
All of us have something in common with our homes. Sure, style, design, and location are at the top of the list, but how about age? As we age, buyers, especially the baby boomer generation, are looking to transform their homes into a place that they can stay in for as long as possible or they're hoping to find one that's already equipped for them to age-in-place.
So how old your home and you are, are reason to give some thought to if your home needs age-appropriate adaptation in order for you to be most comfortable. And, in doing so, you may actually make your home more valuable to a wider audience of buyers, should you ever sell it.
According to the National Homebuilders Association, making a home suitable for the golden years is economicaly sound. The baby boomer generation (77 million people) makes up 28 percent of the U.S. population. Assisted living for this generation can cost more than $60-thousand per year, not counting moving expenses.
That's pretty pricey. So, if you've taken some steps to make your home an age-in-place sanctuary, then make sure you highlight those renovations if you ever
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When is the best time to Buy Cache Valley Real Estate?
Many potential home buyers fear that if they purchase now, they might miss out on better deals in the future. This might be true, but if you watch interest rates, and find motivated sellers, the best real estate deal possible might be right now.
Real Estate in Logan Utah never really boomed, prices only went up slightly and so we also aren't going to really have a bubble burst. Nevertheless, real estate sales in Logan are clearly down. November market the slowest month of home sales in more than three years. This shows me that the market will still probably decline for atleast a few more months. Prices will stay soft, and only competitively priced Homes in Utah will sell until next spring.
Although prices MIGHT a little more, right now might be the best time to buy for those purchasing their home if you are financing with a mortgage loan. Interest rates right now are in the low 5% range. This incredibly low rate makes a huge difference in your total monthly payment. From a monthly payment standpoint, with a $200,000 house, a 1% difference in interest rate would be a difference of almost $17,000 towards the purchase price. If you bought the house for $183,000 at 6% interest your monthly payment would be the same as purchasing the house for $200,000 at 5% interest. In the Cache Valley Real Estate, market $200,000 homes won't be dropping an additional $17K ever. So if you want the best deal possible, find a house you like, and watch the volitile interest rates. An individual seller may be willing to drastically lower home prices now and give you a much better deal than anything else you'll be able to get.
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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