Q. It seems very expensive, how much should we invest to get our home ready to sell? A. You’re right! We never recommend over-investing on the pre-sale repairs or improvements. New Stone flooring might really add drama to your home, but potential buyers are not likely to increase the price they offer enough to compensate […]
The First Quarter results are in…Below are the charts for the Palm Springs Valley including the Price Trend and Number of Homes Sold from 2004 – March 31st, 2009 It’s that time of year again when we send our Quarterly Market Review and Comparison. In the reports above, we have done a “First Quarter 2009 […]
Encouraged by record low levels in interest rates and continued decline in home prices, motivated home buyers helped the statewide sales improved for the fifth consecutive quarter since bottoming out in the fourth quarter of 2007. Sales of existing single-family homes surged to 590,390 in the first quarter of 2009, an increase of 9.7 percent […]
AMERICAN RECOVERY AND REINVESTMENT ACT The major housing stimulus provisions of the Recovery Act are, among other things, the first-time homebuyer tax credit and the increase in FHA, Fannie Mae, and Freddie Mac loan limits. Although the primary thrust of the Recovery Act is stimulating employment not housing, the creation and preservation of jobs under […]
Most have heard about the $8,000 tax credit for first-time homebuyers. Here are a few tips to see if you are eligible and how to go about claiming it. According to the National Association of Home Builders, you must have purchased a home from January 1 to December 1 of this year. To be considered […]
Last week President Barack Obama signed the Omnibus Appropriations Bill into law. A provision of this law permanently bans banks and other financial institutions from engaging in the practice of selling real estate by preventing the Treasury Department and Federal Reserve from creating rules that would allow these activities. This has been a long and […]
What makes one home sale go quickly while other homes linger on the market for months? The answer is usually price. Determining a home’s worth is a tough question these days. For many, it is difficult to reconcile what their home is worth today versus what it was valued at just two years ago. However, […]
In the tough economy that we are all deeply entrenched, we need to care for our most precious investments, Real Estate. Real Estate has always been a driving force in our economy.Whether you are buying or selling; the deal needs to transpire as seem less as possible. The best chance you have for this to […]
Learning how to buy foreclosure property can be a very educational experience. You do not have to be an experienced investor in order to do this. No indeed, even first time home buyers are looking to the foreclosure market for their housing needs. The foreclosure rate has risen to massive level. This amount of foreclosures […]
We are hearing this expression a lot more these days “Green”. The federal government does not have a specific definition for “environmentally- friendly”, so we have to rely on organizations that will set standards to qualify a product or usage of a product to meet minimum requirements to be labeled for energy efficiency or environmental […]
