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Tips for Selling In ABuyer's Market As the fall season brings the usual slow-down in home sales activity, many regions of the country that experienced hot sellers' markets over the summer are now seeing a change toward buyers' markets. But don't let that hamper your plans -- if you prepare properly and make the right moves, you can sell your house. One of the first things real estate brokers and agents will encourage you to do if you're selling in a challenging market is to price your house appropriately and add appeal. So what
Mortgage RatesU.S. averages as of October 31, 2002:
30 yr. fixed: 6.13%15 yr. fixed: 5.51%1 yr. adj: 4.25%30 yr. jumbo: 6.98%-->
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can you do to give your house selling appeal? For starters, you should: * Set your price competitively.* Offer incentives. If your carpet is old or
Wondering What Your Home Is Worth?Let me show you.
Formal Living RoomOn Way Out According to industry experts, the formal living room is becoming a thing of the past as new-home buyers, always seeking more living space, are sacrificing it for additional square footage in the kitchen and family room. Gopal Ahluwalia, who is in charge of research for the National Association of Home Builders in Washington, said that more than one-third of 1,300 recent buyers responding to an NAHB survey in late 2001 reported that they were willing to buy a house without a living room. That is not the case in all markets, especially in older areas of the country where buyers are concerned about the effects on resale. In these areas, most new-home buyers prefer a living room and a family room of equal size. The size of a typical new house continues to increase even though other surveys and anecdotal evidence indicate that many Americans are looking for smaller, more manageable houses to accommodate more-active lifestyles, and that they want quality over quantity.
Equity Gain CanBe Bubble Insurance With five-year home price appreciation gains in double-digits for all 50 states and interest rates at record lows, home owners wisely tapping equity need have little fear of a housing bubble. The Office of Federal Housing Enterprise Oversight's Second Quarter House Price Index says the nation's housing market has enjoyed a nearly 39 percent rate of home price appreciation since 1997, with more the half the states and the District of Columbia enjoying a 5 percent growth in price appreciation during the past year. The federal over seer of Fannie Mae and Freddie Mac says any housing market downturn isn't likely to fall as far as prices have risen and over time, banking on real estate is not a risky investment. "Even in these areas that sometimes demonstrate bubble type behavior, cumulative declines have almost always been much smaller in absolute magnitude than preceding increases during the upward portion of the cycle. Over a full cycle during a 12-year period in Boston (from the third quarter 1982 to the first quarter of 1995), for example, housing appreciated at a healthy annual average rate of more than 4 percent. In San Francisco and San Jose, yearly increases average between 2 and 3 percent annually during a complete up
Tips for Inspecting and Maintaining Your Fireplace With fall here it's a good time to get a jump on maintaining a feature of your home you're sure to put to use this winter -- your fireplace. You may think your chimney only needs to be cleaned and inspected if you use your fireplace. However, almost all home heating appliances rely on the chimney to safely carry toxic gases produced by the heating system out of the house. More than 5,500 home fires per year originate in the fireplace, according to the U.S. Consumer Product Safety Commission. And the Journal of the American Medical Association reports that carbon monoxide poisoning claims more than 1,500 lives a year and causes about 10,000 injuries. Carbon monoxide is a colorless and odorless gas associated with home heating systems. When the furnace
CONTINUED >>>Local Market Conditions
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.
Rates Rise, Home Sales Grow, Insurance Coverage Fades
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Mold Not The Only Environmental Concern for Homeowners
Bonnie Fagoh E-mail: email@example.com Web: WWW.TAMPACOASTALHOMES.COM 813-390-7606
Century 21 Beggins Enterprises813-390-7606 6542 U. S. Hwy. 41 N.Apollo Beach, FL 33572
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