While all summer long it seems like the media was clamouring to let us all know that the recession was over and things are now returning to normal, its hard to see if the national economy has been listening. While home buying buoyed by the home buyers tax incentive has been going great guns, foreclosures have been a hot topic for news media all over the country.
Before you get too attached to a condo, take the time to read the association bylaws to get a good idea of what the rules are for the complex. You will also want to see at least the last few months meeting minutes so that you can see if there have been any problems brewing that you should know about. Try to attend an association meeting to see what they dynamic is with the committee members; you can sometimes see problems in person that dont get noted in the meeting minutes.
While winter months are not traditionally the time for buyers to be knocking down your door with an offer, it is still a good time to sell, if you have the right tools and techniques.
Will Craigslist supplant the MLS? It’s not likely. Craigslist has only a limited search capability – number of beds & baths and specific keyword searches. The keywords aren’t that useful for finding one’s dream home, either. Also, one has to wade through incorrectly classified ads and ads that are purposefully placed in the “real estate” category to get leads for buyers. Craigslist’s search parameters are not to be compared to the MLS’ more comprehensive searches and filters.
In many cultures, the traditional living arrangements that families had was for multiple generations to live under one roof and help take care of the household together; in our modern times this has become more of a rarity, but due to financial concerns some families are returning to a multi-generational living arrangement.
A bill that extends the $8000 home buyer tax credit into 2010 for people serving in the military, diplomatic positions and intelligence operations may pave the way for the bill’s extension to the general sector. The Home Buyer Tax Credit is seen by many in the White House as an important stimulus to the economy, helping to create and maintain jobs in the coming year.
As the colder months creep in, homeowners' thoughts are turning to methods of saving on heating bills this winter. Keeping the furnace lower and putting on an extra sweater and wool socks are a couple of solutions, but there are several other ways to stay warm and keep your money.
You may have decided upon the perfect area, but have you taken the property taxes into account? The tax rate will definitely affect the amount of rent you charge and can make the difference between making a profit or just breaking even.
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