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Bonnie Fagoh
July 2004
Buyin' or Sellin'....Call Bonnie Helen! (Fagoh)(813) 390-7606
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House Hunting: Don'tOverlook A Home's Potential Home shopping. For first-time homebuyers it's an exciting, albeit nerve-wracking, experience. If you're like others in the market for their first home, you probably have in mind exactly how your soon-to-be home will look. But it's important not to fall into the bad decorating, dingy walls, and dirt-bare back yard equals bad-home trap. If you don't see past the hideous wallpaper, funky light fixtures, and avocado green carpeting, you may miss out on a home with great potential. And, if you're looking for a home in a seller's market where homes are being
Mortgage Rates U.S. averages as of June 25, 2004:30 yr. fixed: 6.25%15 yr. fixed: 5.64%1 yr. adj: 4.13%30 yr. jumbo: 6.98%-->
View current rates
snatched up as soon as they go on the market, you'll come to realize you can't be choosy if you want to make a competitive offer. One of the first things to do is to get pre-qualified for a loan and determine the
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Wondering What Your Home Is Worth?Let me show you.
Scrambling To SellThis Summer? As interest rates begin to creep upward as summer draws near, many are scrambling to buy as soon as they can. That's good news for sellers, some of whom may be scurrying to get their houses on the market before interest rates head higher. The National Association of Realtors reports that April's sales activity was 15.1 percent above the 5.77-million unit pace in April 2003 and was just 0.6 percent shy of the all-time high of 6.68 million posted in September of last year. David Lereah, NAR's chief economist, had predicted May would finish strong, too. "Given the favorable economic backdrop and strong sales momentum, a big number was expected for April home sales and it's likely we'll see another big month in May," he said. "Part of what we're seeing now is 'fence-jumping' from people wanting to buy a home before interest rates move higher. Even with an additional rise in recent weeks, the good news is that mortgage interest rates now appear to be leveling-out in the 6.3
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Credit Report ErrorsCommon, Costly Here's a compelling reason to keep closer tabs on your credit report -- 79 percent of credit reports examined in a recent survey contained either serious errors or other mistakes of some kind. What's more, there's a one-in-four chance your credit report contains an error serious enough to cause you to be denied credit, according to "Mistakes Do Happen: A Look at Errors in Consumer Credit Reports," a recent report by public issues watchdog U.S. Public Interest Research Group (USPRIG). Errors can cost you in the form of higher financing costs and, while errors can be corrected, by the time they are, interest rates and home prices could have risen. That can cost you still more or put a home out of your financial reach. Mortgage interest rates, for example, have risen almost a full percentage point since March this year. On a $500,000 mortgage, with a fixed interest rate of 5.38 percent (this year's average low point on March 18, according to Freddie Mac) your monthly principal and interest would have been $2,801.41. Compare that to financing the same mortgage with the June 17, 6.32 fixed interest rate (this year's high mark thus far) -- $3,101.39. Higher home prices compound the financial impact of a delayed purchase. Median home prices in Silicon Valley, for
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Let The Light In, But Not The Heat Or Cold Windows are designed to bring in natural light during the day, yet we cover them with curtains and blinds, and rely instead on electric lighting, which costs a lot more money than the sun charges for the same service. There are some valid arguments for blocking sunlight. It does accelerate the fading of materials such as paint and cloth, and it increases the temperature of a home's interior on hot days. On the other hand, modern window glass can let in lots of light without heat, and is much more energy-efficient. Double-pane windows with low-e (emissivity) coating can reduce heating bills by 34 percent in cold climates,
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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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Bonnie Fagoh E-mail: bonniefagoh@century21beggins.comWeb: http://WWW.TAMPACOASTALHOMES.COM813-390-7606
Century 21 Beggins Enterprises813-390-7606 6542 U. S. Hwy. 41 N.Apollo Beach, FL 33572
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