Archive for the ‘Real Estate’ Category
Is Solar Power Right for You?
If you dream of going off the grid… If you giggle at the thought of paying less than $500 a year for electricity…today’s solar power may be perfect for you.
Here are a Few Resources and Tips to Help You Decide
- Read Ed Begley Jr.’s Guide to Sustainable Living
- Watch the Planet Green channel
- Do a home energy audit at energystar.org or call your power company.
- Find Cash Back Offers. Tax incentives abound for energy savings. Too see what is offered in your area, check for incentives and rebates on a federal, state and local level.
- Check Tax Rebate and Credit websites dsireusa.org and greenmadesimple.com
Improvements in solar technology mean financial savings within 6 years, depending on your location and property. Check it out. Solar may be the perfect answer for your needs.
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Sleep in Edward Cullens Bedroom. New Moon House for Sale
For all Twilight fans who would love to get closer to the Cullen family, the time is now. The Vancouver home where ”New Moon” was filmed can be yours for only $3.3 million!! If you’ve dreamed about sleeping in Edward Cullens bedroom, this may be your only chance. All bragging rights included!
The 5 bedroom, four bath home is ideally suited for well heeled vampires and humans alike. According to the listing broker, the property is a modernist’s dream, with extensive use of glass and post and beam style throughout the soaring, open spaces. The fantastic views of the surrounding Pacific Northwest landscape only add to this home’s considerable charm.
To see 18 more great photographs of the Cullen House CLICK HERE!
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Nicolas Cage Loses Homes to Foreclosure
Is it a sign of the economic times, or more like MC Hammer deja vu??
Academy Award winning actor, Nicolas Cage, lost 2 New Orleans homes to a foreclosure sale this week.
More bad news for freespending Cage. He owes more than $6 million in back taxes to the IRS. And, his properties in California and Las Vegas have been foreclosed on and are scheduled for auction this month.
Mr. Cage owed the City of New Orleans $151,730 in back real estate taxes and defaulted on his $5.5 million mortgage debt. His home at 1140 Royal Street in the French Quarter, valued at $3.5 Million, sold for $2.3 million. The other property located at 2523 Pataniya Street, appraised at $3.3 million, sold for only $2.2 million. Pataniya Street is located in the Garden District. Famous neighbors include author Anne Rice and football great Archie Manning, father of Peyton and Eli.
Bad Times or Crazy Spending? Nicolas Cage, a member of the famous Coppola family, is known for being a big spender and news maker. His obsession for Elvis resulted in a one minute marriage to Lisa Marie Presley. He once paid $276,000 for a dinosaur skull. At one time Cage owned 2 islands in the Bahama’s, luxury yachts (plural), a room full of shrunken heads and drove a stable of expensive cars, including a Lamborghini.
Stars may occassionally fall to Earth, Nic won’t stay long. Nicolas Cage and the Coppola family are Hollywood Royalty. His movies have generated over $8 Billion in Box Office Sales. Although Mr. Cage is facing financial ruin because he continued to spend, while millions of dollars drained from his bank accounts, we predict he will crank out more movies and will be back to living the high life in no time. Also, it is rumored that Johnny Depp may come to Nic’s rescue. It seems Depp has a soft spot for Cage, who got him his first roll in Nightmare on Elm Street. Aren’t friends great!!
Thank you for visiting InfoTube.net Free Homes for Sale and Rent website. We have helped sellers and buyers connect since 1988. We can help you too!!
Home Buyer Motivation at Highest Level in Years
According to a survey by Move.com, 12.1 percent of homebuyers intend to purchase an investment property this year, compared to only 5.6 percent of buyers polled in April. 
The percentage of investors shopping for property also jumps higher when it comes to foreclosed property. 42 percent of foreclosure buyers are purchasing for an investment. 57.6 percent of foreclosure shoppers plan to live in the home they buy.
The survey also shows that 23.6 percent of investors and buyers believe that home prices are already as low as they will go. Nearly 20 percent feel a sense of urgency when searching for a bargain.
Another factor motivating home buyer’s off the sidelines is the real threat of rising interest rates. Wall Street guru’s, who agree on very little, warn that lending rates will rise in the near future. With real estate prices at their lowest levels, buyers risk much more in waiting to purchase, than they do by locking in record low rates on their loan.
Prediction: We believe the leading indicator of an interest rate hike will be falling unemployment claims. When unemployment claim filings fall below 500,000 per month, a rate hike is likely!
Thank you for visiting InfoTube.net Free homes for sale and rent website. Happy Home Shopping!!!
Don’t Take Your Home Off the Market During the Holidays
I’m thinking Turkey. The leaves have fallen, lawn mowers are stored and furnaces are in use. It’s at this time of year that many of our customer’s ask… “Should We Take Our Home Off the Market During the Holidays?”
The answer is definitely ”NO”. There are a lot of reasons to keep your home listed right through the New Year. And, there’s a special timely reason this holiday season!!
- The First Time Buyers Tax Credit has been extended until April 30, 2010 AND it’s been expanded. Step Up Home Buyers, who make a lot of money, can also receive $6500 in Tax Credits until April. Big tax incentives mean that smart buyers will be house shopping vs mall shopping this holiday season.
- Interest Rates are at Record Lows. 30 year fixed rate mortgages are below 5 percent. But, with the dollar weak and falling, low rates may not be around for long. Serious home buyers are aware of the difference that even a small interest rate increase would make in their house payment. The combo of Tax Credits and Low Interest Rates create strong urgency among buyer’s. Smart seller’s spruce up their homes and play into the pressure.
- Holiday Shoppers are Serious Buyers. Trust me. Everyone of us loves the holidays. So, the people who are out looking for homes in November, December and January are SERIOUS Buyers. Do you really want to pull your house off the market when the most serious people are shopping?? Think about it and gear up!!
- Less Competition. Many sellers don’t read our blog. They foolishly pull their homes from the market during the holidays, and this year will be no exception. Less competition and MLS exposure could make the difference between For Sale and Sold, this Christmas.
- Houses are Pretty during the Holidays. Staging your home is easy during the holidays. The mood is festive. Holiday colors are warm and inviting. Candles, centerpieces and decorations touch the heart and convey a peaceful lifestyle. Light the candles, make a roaring fire, bake some goodies and turn on some relaxing holiday music. Buyer’s love to see a home decorated and looking special. Don’t let this once a year opportunity pass you by.
- Curb Appeal. If your landscape and lawn isn’t that great, breathe a sigh of relief that no one else’s is this time of year, either. Add seasonal color, a wreath, perhaps some decorations. Just keep it subtle and classy. No mowing, no weeding and trimming, and best of all snow covers all…
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FREE Stuff and Thank You Veterans.
Veterans Day, Wednesday, November 11th is a very special day for all Americans.
It is our special time to say thank you to all the men and women who serve and protect this country. It is our special time to say thank you for keeping America free. It is our special time to take a moment of silence for all who paid the ultimate price for us to protect this nation.
As our special way of saying thank you to all Veterans and Active members of the military, InfoTube.net is offering FREE Featured Home Listing Upgrades on Veterans Day!!! Just phone 1.800.858.6000 or send an email to nicole@infotube.net with your ad number. It’s that easy!!
We are happy to report that other Businesses are joining us in giving back to Veterans and Active Military Personnel on Veterans Day!!! Check out the Free Offers of Food, Goods and Services for all Veterans on Wednesday.
- Applebee’s, McCormick & Schmicks and Golden Corral are serving up FREE meals. Drop by and enjoy a juicy steak, shrimp, chicken or whatever makes you happy.
- Outback Steakhouse may be from “down under”, but they love US Vets!! Stop by Outback for a FREE Blooomin’ Onion Appetizer and Beverage.
- Krispy Kreme donuts will sweeten up your life with FREE Hot Ready Now Donuts. YUMMY!
- For Vet’s in the mid-west, Hy-Vee Supermarkets is providing a FREE, all you can eat, Breakfast Buffet. Stop by start your day right!
- Home Depot and Lowes are offering a 10 percent discount at the register!! Save big on your home improvements or holiday needs.
- The Federal Government offers FREE access to all Federal Parks and Recreation Sites. Grab the family and enjoy a day together.
Thank you for visiting InfoTube.net homes for sale and rent website!! To all Veterans and Active Military, THANK YOU and please don’t forget to claim your FREE Home Upgrade on Wednesday.
Mortgage Giant Cuts a Deal with Homeowners
Mortgage giant Fannie Mae announced that it is willing to play “Let’s Make a Deal” with homeowners who are behind on their mortgage payments.
According to CNBC, Fannie Mae will give homeowners, who are in default on their loan, the option of renting the home and staying put for up to one year. To be eligible, the homeowner must sign over the deed to the property.
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Home Buyer Tax Credit Extended.
Great news for home buyers, sellers and owners, alike. The homebuyer tax credit has been expanded to include step up buyers, who have owned a home for 5 years. It also extends the tax credit through the end of 2010.
GREAT NEWS!
It appears that Senate Democrats have recognized the tremendous value of the First Time Homebuyers Tax Credit and odds are it will be renewed soon. At this time, it is believed that the credit will allow anyone purchasing a home, by April 30, 2010, to participate and receive the full credit available.
The credit will continue until the end of 2010, but the amount of tax credit will drop by 2 percent every 90 days. The graduated benefit should help the housing market recover into and through the 2010 summer selling season.
Here is the text of the story as reported in Bloomberg News today:
Senate Democrats on Board with Credit Extension
Senate Banking Committee Chairman Chris Dodd (D-Conn.) says Senate Democrats have agreed to extend the first-time home buyer tax credit. The latest version extends the program to home sales signed not closed by April 30. Purchasers would have another 60 days to close the sale. The credit will also be expanded to include so-called step-up buyers who have lived in their current home for at least five years.
The credit would be cut slightly to a $7,290 cap. Income eligibility for first-time home buyers would stay the same, but it would rise for step-up buyers to $125,000 for individuals and $250,000 for couples.
Source: Bloomberg News, Dawn Kopecki and Ryan Donmoyer (10/27/2009)
3 News Stories for Real Estate Lovers
3 Short Real Estate News Items of Interest.
- Good news for US Housing. For those of you still searching for a BOTTOM in the real estate market, we hit it in January 2009. A double bottom, in fact. Take a look at the CHART.
- China raised its minimum down payment requirement to 40 percent, in an effort to slow down the overheated housing market in Hong Kong. Conversely, in the US, we still offer financing with NO Money Down, when the tax rebate is combined with FHA or VA financing. Quite startling in light of the lessons we learned from subprime loans.
- Uncle Sam Added 5 Percent to Home Prices. Government interventions in the housing market have inflated home prices at least 5 percent higher than they would have been. Artifically low interest rates, $8000 tax credits, push for loan modifications and efforts to stall foreclosures may have created a false bottom. Since the props won’t last forever, the risk of price decline in the future is significant.
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Friday Good News for Housing!!
The stock market is back to 10,000, the level it reached in 1999. Sales of existing homes were up a whopping 8 percent, to the highest level seen in 2 years. The news is abuzz about an extension of the First Time Buyer Tax Credit….But, is it time to “Party like it’s 1999″???
Here is a snapshot of Friday’s real estate news. You decide.
- A record number of people snapped up bargains in September. The median price of a home sold in the US fell to 174,000, down 9 percent from $191,200 one year ago. Note: The significant price drop could be blamed in part to the First Time Buyer Tax Credit which favors the lower priced homes.
- Keep in mind that the homes counted as “sold” in September were actually purchased in June, July and August. No doubt the push to buy this summer had something to do with the expiring $8000 Tax Credit.
- 70 percent of all homes closed in September were foreclosures or distressed property.
- 80 percent of the homes closed, were sold for less than $250,000. The market above $250,000 has stalled and inventory is rapidly growing. And, the more expensive the home, the slower the market.
- The biggest sales gains (not price gains) were seen in the hard hit cities of Miami and Orlando. Sales in Miami were up 71 percent from last year, Orlando 65 percent. Note: Prices are still falling dramatically in the Sunshine state. In Miami and Orlando prices declined more than 30 percent from last year; Tampa prices fell to $133,000, down 17 percent.
- Sales of existing homes were down nearly 20 percent in Atlanta and Birmingham. Local Realtors blame job loss for lack of activity.
- Prices were flat or up a bit in some cities: Dallas, Houston, San Antonio; Tulsa; Jackson, MS and Washington DC.
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Green Flooring. Marmoleum Natural Linoleum.
If you are considering an update for the old vinyl flooring in your home, go natural. Natural linoleum, made from wood and cork, limestone dust, pine rosin and linseed oil, is a fantastic, green material substitution for the petroleum-based products of old. Natural linoleum is available in either sheets or individual tiles, it offers an endless suppliy of color and pattern choices and is a great product for residential or commercial use.
Why We Like Natural Linoleum
It’s Versatile. Marmoleum is available either sheet or tile forms. It is used in both residential and commercial settings. Great for resturants and offices, too. The product can be used on floors and countertop surfaces. It is sold in a wide range of colors and patterns. Some patterns mimic quarried stone, others are mottled for subtle texture and other options include high tech MRI images. The applications and decorating options are only limited by the owner’s imagination and tastes. A Do-It-Yourselfer can easily install the tiles themselves, just like vinyl. 
It’s Low Maintenance. Manufacturers estimate the lifespan of natural linoleum at 30-40 years, compared to 10-20 for vinyl. Scratches are no problem. The surface is hard, and even becomes harder over time. Additionally, any surface scratch can be buffed out, because the color extends through the entire thickness. For cleaning, a dry mop is recommended for routine maintenance.
It’s Green and Better for the Environment. Natural linoleum is much better for the environment than petroleum based, vinyl products. Vinyl’s are not sustainable and are highly polluting in their manufacturing process. Natural linoleum is made from wood, rosin, limestone and linseed oil. All these materials occur naturally and are sustainable. When it’s time to remodel, natural linoleum can be shredded and turned into compost for the garden versus filling a landfill. Additional bonus, natural linoleum will last and look good for a least least twice as long as vinyl.
Disadvantages. The linseed oil in the products “off gas” and some people are sensitive to its fumes. We advise that you air out the product for a few weeks before you install it, if you have a sensitive reaction to the smell. Like most plant-based products, linoleum doesn’t perform well in area’s with constant moisture. Test the moisture content of floor slabs before installation. Use Caulk to seal edges around tubs and showers where flooring abuts. The only other disadvantage is probably the initial cost of the product. Marmoleum costs around $4.00 per square foot, compared with $1.50 to $2.00 for vinyl flooring.
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Extending Home Buyer Tax Credit. Pro’s and Con’s
Not surprisingly, real estate industry lobbiest are attempting a full court press as they make a final push for extension of the first-time buyer tax credit.
And, it’s little wonder. The IRS estimates that 1.4 million homebuyers have claimed the credit through August, and the Realtors Association estimates the credit was crucial in pushing 355,000 of those buyer’s off the fence.
If the real estate industry gets it’s way and the amendment passes, the $8000 tax credit would be extended to June 30th, 2010 and it would allow more taxpayers to qualify for the subsidy. The amendment would increase the income limit to $150,000 for a single filer and $300,000 for a couple, up from the current limit of 95,000 and $170,000, respectfully.
The Pro’s: Why Vote “Yea”
- Lenders are still in trouble, as more people default or fall behind on their mortgages. Experts predict an additional 1.5 million foreclosures in 2010, increasing supply and further eroding prices and demand.
- Dems and Rep like it. The proposal was introduced by a GA Republican, Johnny Isakson, and it is also supported by Democratic heavy-weights. House speaker Nancy Pelosi and Senate Majority Leader Harry Reid support the extension, President Obama hasn’t taken a position for either side.
- Still too Many Houses. Although the supply of existing homes on the market has fallen from 1-5 months down to 8.5 months, a healthy market has only 5-6 months supply of house.
- Unemployment is Rising. With national unemployment levels at 10 percent, and some states reporting a far higher number, extending the taxpayer subsidy of housing market would likely create and preserve jobs. In addition, people out of work usually means more loan deliquency, foreclosures and further downward pressure on pricing.
The Con’s: Why Vote “NAY”
- The Cost to the Taxpayers. The extension comes with a heavy price tag of $16.7 BILLION over 5 years.
- As bad as Sub-Prime. Opponents argue that the subsidy has artifically propped up the prices of inexpensive homes, targeted by first-time buyer’s, thereby creating another potential mini-bubble in affordable housing.
- Both Opponents and real estate industry admit that most people who claimed the $8000 deduction, would have purchased a home anyway due to historical low rates and steep price declines.
- Fraud. The IRS has identified over 100,000 cases of fraud involving the tax credit. On Thursday, the House Ways and Means Committee is scheduled to take a closer look.
- Did we mention the cost to taxpayers is $16.7 BILLION?
Yea or Nay??? We thank you for visiting InfoTube.net FREE homes for sale and rent website. The website provides free legal forms and contracts, marketing and sales tools, real estate advice, news and updates for buyer’s, sellers, agents and builders. We invite you to subscribe to our feed or leave a comment in the space below.
Poison Drywall of China
Toxic, sulfur laden sheetrock, Made in China, is making people sick, causing electrical wiring to go crazy and is corroding copper, wire and stainless steel in American homes. The problem has affected thousands of homes in 20 states, yet, the US court system is powerless when to hold Chinese manufacturers (most of which are owned by the Chinese government) responsible for problems caused by their products.
The hardest hit area of the country may be the slowly recovering New Orleans area, and the coastal area’s wiped out by Katrina. After enduring floods and mud, this man-made victimization is the last thing these communities need or deserve. For those wondering how bad the problem is….The problem is so bad that local governments, already low on funds, are waiving property taxes for homes rebuilt with the Made in China, toxic sheetrock.
Facts About Toxic Chinese Drywall and Sheetrock:
- The sheetrock may emit a sulfuric odor, which smells a bit like rotten eggs.
- Health Problems are being Reported. The most common health effects from the drywall are skin rashes, blisters and headaches.
- Homeowners insurance does not cover claims due to construction defects. When insurers discover a property has Chinese drywall, they are canceling homeowner policies.
- The gases emitted by the Chinese Drywall eat away at any copper, aluminum or stainless materials inside the home. This means that appliances, wiring, mirrors, computers, toys, plumbing pipes and fixtures, jewelry, HVAC or any systems that contain these component materials will also be damaged, usually beyond repair
- Seller’s of Homes that contain Chinese Sheetrock must disclose that fact, even if all the sheetrock in the home has been replaced.
- If your home contains any Chinese Made Drywall/Sheetrock file a compliant with Consumer Product Protection Council and also check about making a local compliant with your state.
- For updates on the Chinese drywall, multi-district lawsuits (MDL #2047 to to www.laed.uscourts.gov and click on Drywall MDL.
One tell tale sign of toxic sheetrock can be seen in the corners of mirrors
Watch for corrosion in and around plumbing fixtures, refrigerators, ac units, on stainless steel appliances or any area with metal components.
Our two cents: In light of this most recent, very serious, and potentially deadly, problem with cheap imports, all Americans need to reconsider their ongoing love affair with everything cheap and Chinese. If the US government, who allows these imports, can’t force the Chinese manufacturers to stand behind the products they sell, then the retailers, who chose to buy these goods should have to. The cost of uprooting families and replacing all the sheetrock, mechanical systems and personal property in over 60,000 reported homes is overwhelming. If anyone deserves a taxpayer bailout, it’s these innocent homeowners who have been victimized by governments and retailers, alike.
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What Happens when Apartment Co-op Owner Dies?
Dear InfoTube,
My Uncle, who owned a unit in a co-op apartment building, passed away recently. If the heirs decide they do not want to sell the unit, will they be allowed to stay there part time? Or, can they chose to live in the apartment if they wanted to?
Dear Niece,
Unfortunately, the answer to both of your questions is No. Under all proprietary leases, occupancy is limited to the shareholder, only. If a shareholder is deceased, no other person can live in the apartment without the consent of the co-op. When your Uncle was alive, he could ask family members and guests to stay in the apartment, but only if he was there, too.
If you decide to keep the apartment, the new shareholder of record will need approval from the co-op board before they occupy the unit. Even for a week or two.
Thank you for visiting InfoTube.net FREE homes for sale and lease website. We have been in the business of connecting buyer’s and seller’s since 1989. We can help you, too.