No matter where you are in the country an outdoor room can enhance your living space and overall quality of life. Having a nice outdoor space can also help sell your property. I believe it is often easier for a buyer to picture themselves relaxing on an inviting balcony than it is to imagine sleeping in the master bedroom. Create a nice space to enjoy the outdoors this summer and into the fall. Make sure to warm up the space with lanterns, string lights or candles. Use whatever linens are space appropriate, curtains, blinds, pillows or a rug. Hang an antique mirror or iron sculpture to complete the look. Go shopping! You can get great deals on outdoor items this time of year! And watch Outdoor Room with Jamie Durie for inspiration.
I guess it's no big surprise.. a study conducted by the Federal Reserve Bank of New York shows homeownership rates have fallen 2 percentage points since the 2006 peak. Officially, it was 67.2 percent
at the end of 2009, but the report says that effectively the rate is
about 62 percent if those home owners likely to lose their homes are
subtracted from the total.
Cities cited as having very low effective
homeownership rates include Las Vegas, Phoenix, San Diego, Los Angeles,
San Francisco, Miami, Tampa, Detroit, and Washington, D.C. Considering what has just happened maybe it's a good thing.
Supported by many state and local REALTOR® associations, the event will
inspire home buyers to get out, see a variety of properties and take
advantage of the federal tax incentives available through April 30. With
today’s attractive home pricing and low interest rates, help your
clients see more of why it’s a great time to buy. Get out an scope out the neighborhood.
Since short sales starting showing up about two years ago we have come a long way. It has been a very steep and painful climb but finally we have some encouraging news! Much needed guidelines have been put into place to accelerate agreements between lenders, agents, homeowners & buyers. Here are some of the highlights effective as of April 5, 2010. Fannie Mae & Freddie Mac have their own rules, one of my favorites is they must respond to a short sale offer within 2 weeks. This may actually change the 6 months it seems to take to get a short sale closed.
• Allows borrowers to receive pre-approved short sales terms before
listing the property (including the minimum acceptable net proceeds).
• Prohibits servicer from requiring a reduction in the real estate
commission agreed upon in the listing agreement (up to 6 percent).
• Requires borrowers to be fully released from future liability for
the first mortgage debt (no cash contribution, promissory note, or
deficiency judgment is allowed.)
• Provides financial incentives: $1,500 for borrower relocation
assistance; $1,000 for servicer to cover administrative and processing
costs; and up to $1,000 for investors.