Bonnie Fagoh
June 2000
Buyin' or Sellin'....Call Bonnie Helen! (Fagoh)(813) 390-7606
Copyright © 2000 Realty TimesAll Rights Reserved.
Murphy's Law for Sellers Murphy's Law states that anything that can go wrong will go wrong. Glitches in any real estate transaction are inevitable. If you are prepared, you won't be so shocked when they do. Author Terri Murphy (no relation to Murphy's Law) has some suggestions that may help: 1. Understand That Your Home May Not Be Worth What You Think: The biggest shock most sellers face is what agents and buyers think their home is worth. Sometimes sellers can be pleasantly surprised, but the reality is that markets change, and home values rise and fall. Many subjective factors
Mortgage RatesNational averages as of May 31, 2000:
30 yr. fixed: 8.27%15 yr. fixed: 7.98%1 yr. adj: 7.12%30 yr. jumbo: 8.57%
Get today's rates
such as floor plan, condition, updates and drive-up appeal affect home values. The truth is that buyers will determine the worth of your home, in this
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Wondering What Your Home Is Worth?Let me show you.
The REALTOR® In Your Corner IIf you are buying a home with a federally insured loan and were able to borrow up to $125,000, you can thank a REALTOR®. The National Association of REALTORS® (N.A.R.) lobbyists, among the most powerful in the nation's capital, successfully fought to have the borrowing ceiling raised from $87,000 in 1997. If you were able to sell your home last year and keep up to $250,000 of the money tax-free, again, you can thank the NAR, which was instrumental in raising your tax-free net from a one time gain of $125,000 to giving you the ability to purchase and occupy your home for up to two years, sell the home and keep up to $250,000 tax-free, every two years. Do you like deducting your mortgage interest rate off of your federal income taxes? Once, again, Realtors and their lobbyists are in your corner. Legislators constantly propose the elimination of the mortgage interest deduction, but the NAR and its lobbyists beat it back on your behalf. So you didn't know that Realtors put money in your pocket? They do. They are dedicated to protecting you - the home owner, buyer and seller. Realtors and the NAR spends millions of dollars promoting home ownership annually in promotional
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"Smart" Home Improvements Require Smarter Home Owners Creating a home with brains not only makes your home more efficient now, but also more valuable when it's time to sell, provided you have the technological aptitude to do the work or are smart enough to know when to call in a pro. As many as 10 million home owners will attempt digital remodeling by 2003, according to the Yankee Group, a Boston-based technology research firm. Digital remodeling includes technology-based home improvements designed to transform a house into a "smart home". "Smart" homes contain electronic devices and appliances preprogrammed to automatically perform tasks once triggered by a range of actions including motion, sound, time, touch or temperature. The dishwasher calls for maintenance and the refrigerator orders more eggs and ham at preset intervals, for instance. Lights switch on when a sensor registers your presence, much as a security system sounds an alarm or calls the police when it detects an intruder. The home theater screen dims or brightens to compensate for changes in lighting, much as the thermostat turns up the heat when the room chills. Unless you are a cross between an electronics technician and an architectural designer, consider hiring what's called an electronic architect or someone otherwise certified. He or she
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Why Rising Interest Rates Aren't So Bad for Buyers If you are trying to buy a home, you are probably kicking yourself for not locking in an interest rate before the Federal Reserve Bank hiked short term interest rates by 50 basis points last month, but that's okay - you still have a chance to get a good loan at a reasonable rate. When you fail to get in on a good deal, it's easy to grumble. Borrowers are saying, "Ouch," and the housing market is slowing slightly as a result. But you know what? The economy is merely balancing back toward more normal levels. It's hard to appreciate good news when it hits you in the pocketbook, but there are reasons why higher rates are a good thing for you as a buyer. Due to the kill-joy tone of the FED chairman Allan Greenspan, economic pundits predict that interest rates will keep rising. The Labor Department's low jobless rate data didn't help home buyers either. A tight labor market could signal rising inflation and the FED is watching that inflation doesn't get a toehold.
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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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Before You Leave Home, PROTECT Your Home!
Is The 125% Mortgage For You?
Bonnie Fagoh E-mail: bonniefagoh@century21beggins.com Web: WWW.TAMPACOASTALREALESTATE.COM 813-390-7606
Century 21 Beggins Enterprises813-390-76066542 U. S. Hwy. 41 N.Apollo Beach, FL 33572
Equal Housing Opportunity
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