Monday, April 19, 2010
Friday, April 16, 2010
Tuesday, April 13, 2010
Signs a Home Has Potential
Signs a Home Has Potential
The best deals on homes these days are often on properties that aren’t perfect.
Home shoppers looking for a great deal should keep these factors in mind when they are looking for a place with potential:
· Location, location, location. It’s still true that you get a better deal when you buy the worst house in a great neighborhood than you do when you buy a fancy house in a not-so terrific neighborhood.
· Less than 50 years old. Properties older than a half decade are likely to have more fundamental problems — like aging wiring, inadequate plumbing and sagging foundations.
· Livable floor plan. Buyers should select a home with a basic design they can live with. Once they start moving walls, they’re into big money.
· Light. Houses with the most potential have plenty of natural light.
· Good storage. Adding storage isn’t cheap, so it’s smart to choose a property that already has it.
Source: MSN.com, Marilyn Lewis (04/12/2010)
Friday, April 9, 2010
Thursday, April 8, 2010
Pending Home Sales Show Healthy Gain
Pending Home Sales Show Healthy Gain
Pending home sales rose in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of REALTORS®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90.2 in January, and remains 17.3 percent above February 2009 when it was 83.2. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.
Lawrence Yun, NAR chief economist, says the improvement is another hopeful sign. “The rise in buyer contact activity may signal the early stages of a second surge of home sales this spring. The healthy gain hints home prices are continuing to flatten,” he says. “We need a second surge to meaningfully draw down inventory and definitively stabilize home values.”
Pending home sales by region:
Northeast: the index rose 9.0 percent to 77.7 in February and is 18.9 percent higher than February 2009.
Midwest: jumped 21.8 percent to 97.9 and is 18.7 percent above a year ago.
South: increased 9.2 percent to an index of 107.0, and the index is 17.5 percent higher than February 2009.
West: the index fell 4.8 percent to 98.0 but is 14.6 percent above a year ago.
Source: NAR
.
Pending home sales rose in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of REALTORS®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90.2 in January, and remains 17.3 percent above February 2009 when it was 83.2. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.
Lawrence Yun, NAR chief economist, says the improvement is another hopeful sign. “The rise in buyer contact activity may signal the early stages of a second surge of home sales this spring. The healthy gain hints home prices are continuing to flatten,” he says. “We need a second surge to meaningfully draw down inventory and definitively stabilize home values.”
Pending home sales by region:
Northeast: the index rose 9.0 percent to 77.7 in February and is 18.9 percent higher than February 2009.
Midwest: jumped 21.8 percent to 97.9 and is 18.7 percent above a year ago.
South: increased 9.2 percent to an index of 107.0, and the index is 17.5 percent higher than February 2009.
West: the index fell 4.8 percent to 98.0 but is 14.6 percent above a year ago.
Source: NAR
.
EMILY LEE
606-499-7836
REALTY GROUP II
423-869-5111
Tuesday, April 6, 2010
TAX CREDIT!!!!!!
Just a reminder to anyone interested in the first-time homebuyers tax credit or the current homeowners tax credit you must have a contract by April 30!!!!!
call me with any of your real estate needs!
EMILY LEE
606-499-7836
http://www.harrogatetnhomes.com/
http://www.emilyleerealty.com/
REALTY GROUP II
423-869-5111
call me with any of your real estate needs!
EMILY LEE
606-499-7836
http://www.harrogatetnhomes.com/
http://www.emilyleerealty.com/
REALTY GROUP II
423-869-5111
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