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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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Roaring Fork Valley Real Estate Market Comments
Aspen/Snowmass is feeling some of the affects of the national real estate market meltdown. Continuing a trend that began in the fall of 2007, real estate sales in Pitkin County took a tumble in 2008. Sales totaled $1.37B compared to $2.52B in 2007. The 2008 amount was the lowest since 2003 and the beat goes on for 2009. The total sales volume in Pitkin County through August 2009 has been $655M from 418 transactions, which is down 35% in dollar volume and 29% in transaction volume for the same period in 2008.
Like the rest of the Roaring Fork Valley, the real estate market continues to slide in Garfield County compared to the year before. Through August of 2009, sales have declined 73% percent in dollar volume and 66% in transaction volume. As with the rest of the nation, the incidence of foreclosures and short sales is up substantially. As a matter of fact, much of the Garfield County sales volume is a result of homes being bought that are in foreclosure or through a short sale contract with bank approval.
Now is a good time to buy Roaring Fork Valley real estate because good deals are popping up when motivated sellers need to move their properties in a short period of time. I have the ability to prepare custom spreadsheets based on your specific requirements and desires that identifies the really good deals with the highest price reductions and lowest prices per square foot. Please give me a call at 970 309 3620 if you would like for me to send you one.
Local Market Conditions
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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