Posts Tagged ‘new rules’
Home sellers and investors are a happy bunch this spring. Homes are selling quickly and for very near their asking prices. If your home is on the market and you haven’t had success…you should consider an MLS listing and here is why.
Washington Post writer and real estate expert, Iilyse Glink weigh about why the MLS is the key to home sales and why it works so well.
Studies indicate that most homes sell with the help of a real estate agent. The No. 1 tool to market those homes is probably the MLS. This listing service in most markets gives real estate agents the ability to see and review all listings in an area. If your home isn’t in the MLS, you’re missing the most effective tool to sell your home.
Twenty or so years ago, an FSBO seller would advertise his home in local newspapers and a lawn sign, with InfoTube or InfoBox, to market his home. Few if any of these FSBO sellers succeeded in selling their homes. More recently, the Internet has started to level the playing field, but many buyers still work with real estate agents to buy their home. Those agents rely on the MLS.
An FSBO service may offer various packages to sellers such as you. The more you want, the more you pay, with the top package giving you access to the MLS for six months. We guess you want to give your home the greatest exposure possible and that you wouldn’t want to exclude a major source of potential buyers.
As you decide whether you want an a FSBO package, you must understand what it will take to sell your home. If you overprice your home for sale, trying to sell it yourself isn’t likely to give you a good result.
You still will need to price your home right, make sure your home shows really well, both from the inside and the outside, take great photos for posting on Web sites, create a beautiful brochure for the home, and make sure the description of your home is succinct, emphasizes the good points of your home and accurately shows off its best qualities.
As the real estate market has improved in many areas, you likely have a better chance of selling your home today than you had a year or two ago. But home sellers can make the same mistakes in any market. Again, you need to decide whether you want to spend money upfront to sell the home yourself in a FSBO or try again with a real estate agent.
We think that listing your home on the MLS is a good step toward getting your home sold. Unless you find a buyer that is searching for a home on the many sites out there that carry listings, you might miss out of that one buyer truly looking for a home like yours.
InfoTube.net offers low cost MLS and Realtor.com listing packages that will get your home noticed by millions of homebuyers, who wouldn’t otherwise know your home is for sale. Call 800-858-6000 for more information or visit our website.
Is your dream to own your home free and clear?
If so, join the crowd. More borrowers than ever are taking out 15-year mortgages in hopes of accelerating the day they can wave bye bye to the bank, the Globe’s Jenifer McKim reports.
While the traditional 30-year loan has long been king, 30 percent of borrowers during the second quarter opted for shorter loan terms with 15-year terms the most popular, the Globe’s Jenifer McKim reports.
That’s up from just 10 percent during the same time period in 2006, when the real estate market was at its peak.
And rock bottom interest rates have been one big factor – the piece offers up a Natick homeowner who found she could shift to a 15-year loan and save money given the drop in interest rates.
It is certainly an intoxicating dream at a time when debts, both personal and national, seem so crushing. Yet there are some potentially big pitfalls to this approach.
For starters, my bet is that our Natick homeowner is in the minority.
First, not everyone is in position to capture the lowest rates – you have to have some darn good credit these days.
And if you end up having to pay a bit more in order to pay down your mortgage faster, there is an opportunity cost here. The extra cash you are pumping into your mortgage is money that you could otherwise stash, tax-deferred, into a retirement account.
For that matter, if you have credit card debt, you should be paying that down first – the interest rates are likely much higher than on your mortgage.
Moreover, if you do run into trouble, such as losing your job or taking a hit to the paycheck, you have locked yourself into a format that may not be so easy to get out of. Good luck trying to refinance back into a 30-year mortgage at that point.
A Plymouth financial planner cited at the end of the piece actually had the best advice for homeowners eager to hasten the day when they make their final mortgage payment. He argues for making extra payments on a 30-year mortgage in order to accelerate repayment. If money gets tight again, you can just stopping paying that extra in.
This also gives you the extra flexibility to craft an approach that works from you, maybe putting a little bit more into both the mortgage and the retirement account as opposed to either or.
Makes sense to me, but how about you?
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Garth Britzman’s installation, called (Pop)culture, is a colorful canopy made recycled soda bottles that are filled with a little bit of colored liquid. The bottles, which are suspended by strings, create undulating waves of color that almost remind me of the Dale Chihuly ceiling at the Bellagio in Las Vegas.
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This once vacant site is nestled at the eastern bookend between a row of single fronted Victorian terraces and a double fronted Edwardian weatherboard house. The strategy was to critique and respond to ongoing research into the Terrace typology. The built form is essentially an urban infill within a 5.5×14.4m envelope. The perforated house is our response to establish an alternative language to the accepted notion of our cultural attitude towards critical questions of identity and heritage.
Kavellaris wanted the house to be more than just a facade. More than just a message or a graphic stuck to a building. The building was not an urban canvas paying tribute to Venturi’s “decorated shed”, instead the external facade could be experienced internally and is also a multi functional device that constantly transforms the built form from solid to void, from private to public, from opaque to translucent.
By day the building is heavy and reflective and by night inverting into a soft translucent permeable light box. The operable wall or the absence of the facade enabled us to remove the idea that houses are static.
The use of operable walls, doors, curtains and glass walls enables the occupants to change the experience and environment. This architectural manipulation of space blurred the boundaries between inside and outside, the public and private realm. The manipulated spaces overlapped and borrowed the amenity and context of it’s surrounding environment.
The plan inverts the traditional terrace program with the active living zones on the first floor opening onto a north facing terrace thereby generating a primary northerly orientation to a south facing block. The perforated house incorporates passive sustainable interventions by orientating north glass bifolds doors and louvers for cross ventilation as the primary means of cooling. In addition, solar hot water and 5 star rated sanitary ware fixtures were incorporated. The north facing terrace redefines the “family” backyard, reinforced by the childlike mural reminiscing on a past era and making commentary on the changing demography of the family unit and ultimately the inner city house typology. The mural also hides a not so attractive view of the back of the neighbors house.
InfoTube Loves this house…and the way it transforms to fit the life of the owners. We need to see a lot more of this type of architecture in the USA. If you aren’t a Friend of InfoTubes Facebook page, you are missing a lot smart, fun and cutting edge stuff. Click the button at the top right of the page and never be out of the loop again.
A score of billionaires have recently caused a run on condo units at the Survival Condominiums project based in Kansas. The facility is built deep underground in an old, 1960’s nuclear missile silo, and is said to be self-sustaining in the event of a nuclear attack.
A few of the Doomsday ammenities include:
This project offers is much more than just a “Survival Condo Unit”. This “Package” includes mandatory training, a five-year per person food supply, fully furnished and custom designed interior, special equipment for registered members, computer access to condo systems, and much more. Only a portion of the total fee is for the actual Survival Condo Unit.
Each Full-Floor $2 Million Dollar Unit Includes these Key Features:
- Approx. 1820 sq. ft. of Living Space (accommodates 6 to 10 people)
- High-end floor and trim packages of your choosing.
- 3 Bedrooms, 2 Bathrooms, Kitchen, Dining room, and Great Room.
- LED Big Screen TV in every unit.
- State-of-the-art Kitchen: Stainless steel kitchen appliances include refrigerator, dishwasher, dual-fuel (electric & propane) professional range, wall oven, professional ventilation hood, wine cooler or beverage center. Granite or custom concrete countertops.
- State-of-the-art energy efficient washer and dryer in each unit.
- Built in recessed full spectrum LED lighting.
- Kohler bath fixtures and jetted Jacuzzi tub in each master bath.
- Digital HVAC controls.
- State-of-the-Art Home Automation System with structured wiring throughout including closed circuit security system camera viewing, public address/intercom system, digital weather station access, smoke and carbon monoxide detectors, satellite TV feeds, public and private Internet access.
- Outdoor “simulated view” window in each unit. Window simulates “Life-Like” outdoor views complete with varying light levels that reflect time of day, creating a normal living experience as if you were above ground.
- Biometric Key locks (you won’t need to worry about losing a key).
- Elevator and Stairwell Accessibility to all Units.
- The $1 million units offer the same ammenity with the half the square footage and serve 3-4 people.
- The Missile Silo is capped by a type of monolithic dome known as a Torus. This dome is capable of withstanding winds in excess of 500 MPH, well beyond the winds of the most powerful F-5 Tornodos which produce winds up to 300 MPH.
- The air supply for the entire facility is filtered by Nuclear, Biological, and Chemical (NBC) filters and the physical air intakes are protected by what are known as blast valves. Blast valves function to prevent an overpressure air wave created by a nearby explosion from entering the facility and killing those inside.
- The facility has a military grade security system that includes visible spectrum cameras, infrared cameras, proximity sensors, microphones, trip sensors, passive detectors, as well as confidential defensive systems both automated and manually operated.
- The facility has two floors of hydroponic gardens that will provide fresh produce as well as an aquaculture system designed to provide fish for food.
- Additional amenities include a minor medical/surgery center, an indoor pool with waterfall, a workout room, a home theater, a classroom & library, pub & game room, bulk storage, walk-in freezer, elevator, security & communication control center, spare parts, machine shop, high-speed fiber optic network, both online and offline Internet and computer communications.
- And, finally, there is a full-sized pool featuring a massive wall mural and curved ceiling to enhance the feeling of space and height.
- Of course, there will be plenty of guns and ammo, too.
If you think that this project is just a dream of a crack pot…think, again. The developer, Larry Hall, reported that every one of the $2 million full-floor units have been sold…and only a few of the $1 million, half floor units are still available. Doomsday Prophets with an extra $1 million on hand may want to inquire today. Evidentally, these units are selling like there is no tomorrow
Thank you for visiting InfoTube.net. Visit our website to learn about all the marketing tools we offer to sell your home and save a ton of money.
The 6 year slide in U.S. home prices and the dollar weakness against some currency are driving a property buying binge with Asians, Canadians, Europeans & Latin Americans eager to own a piece of America.
Plowing money into real estate may sound like a risky venture to many Americans. But to a growing number of foreigners, U.S. housing has never seen a smarter investment.
International buyers accounted for $82.5 billion, or 8.9%, of the $928 billion spent on residential real estate in the 12 month period ended in March, according to a survey released Monday by National Association of Realtors. (Article by the Wall Street Journal)
How does this news impact your potential home sale and your marketing efforts?
Simply, if you are not on the Multiple Listing Service (MLS) or Realtor.com, you miss out on 1 of every 10 homebuyers looking for property in your area. International buyers primarily use these services to locate property and if you’re not listed there…they can’t find you.
BONUS: Foreign buyers also pay in CASH . No Loan Qualifications. No Apprasials. No Delays and No Waiting. CASH NOW!
The cost of listing your home on the MLS or Realtor. com is only a few hundred dollars for a 6 month listing. The summer selling season is well underway. Get your house on the MLS and Realtor.com today. There is no other way to get your property in front of all the homebuyers in the marketplace….and Time is ticking!!!
The recession/depression and housing crash have certainly altered the old American Dream…at least for the foreseeable future. The ongoing foreclosure crisis will drive another 3 million families to rent single family homes before 2015.
These millions of people are not typical renters, either. They are older. They have furniture, appliances, kids and pets. They are not interested in apartment living. They are looking to move back into single family homes, after foreclosure. This new growth in single family rentals is the fastest growing part of the rental market and the pace is unprecedented.
A Nation of Renters Appears to be the Plan?
Private Equity groups smell the blood in the water. They are buying up billons of dollars in distressed property, which they will in turn rent back to American families. Colony Capital, for example, has purchased over 1ooo single family homes since December of this year and plans to invest at LEAST $1.5 BILLION more this year.
In the next 5-10 years, investment firms will gobble up hundreds of billions of dollars of single family homes, at basement prices. They will Raise rents every chance they get over the next 3-5 years. Then, they will dump these properties for a profit and move on something else.
How does a Renting Society change the American neighborhood?
The combination of transient families and declining home values will take a huge toll on American neighborhoods. A rentership society is much less likely to spend money on plants, a fresh coat of paint, new carpet or a fenced yard—as they would if they owned the home they live in.
Renters also mean shifts in student populations and present more challenges for our school systems. Many schools in the Phoenix area report that 50% of their students will be new this year, a far higher percentage than normal. Everything slows down when a new student enters a classroom and parents are less likely to be involved, when they are not sure they will be there for long.
Is American homeownership still the American Dream?
Thankfully, the answer is YES. 83% of people who lost their homes to foreclosure or distress sales say they want to own their own home again. Most say they will buy something smaller than they had. Many promise they will never again tie up so much of their income for a home. Many who are forced to rent feel displaced. They feel that they are living in someone else’s house. They are fearful of entering retirement without having a home that is paid for…which only owning and paying off a mortgage will accomplish. So, yes, neigborhoods are changing…new homeowners aren’t families, but are investment firms…but appears for all the right reasons… the American dream is alive… at least for now.
CUMMING, Ga. (AP) — The government wants you to install solar panels at your house, and will even give you a tax break to do it. But your neighbors? Maybe not.
It’s a lesson Angel and David Dobs discovered when their homeowners association north of Atlanta denied their request to install solar panels on their roof. Neighborhood officials said the panels would look out of place and might lower home values in a community that regulates details as fine as the coloring of roof tiles, the planting of trees and the storage of trash cans.
“It’s like living under communism — someone gets to dictate every possible thing you do,” David Dobs said.
Homeowners associations around the country have banned or severely restricted the installation of solar panels, and the solar industry has pushed back to halt the practice. A recent attempt in Georgia to expand the right to go solar had support from environmentalists and some Republican lawmakers concerned about private property rights but it succumbed to opposition from developers and real estate agents.
Roughly two dozen states now forbid or limit homeowners associations or local governments from banning solar panels, according to a database run by North Carolina State University. Similar disputes have prompted lawsuits in Nebraska and California.
Angel and David Dobs supported the Georgia legislation after their run-in with the homeowners association. David Dobs had viewed the project as his personal contribution to prevent global warming.
Leaders of the Vickery Lake Homeowners Association in Cumming say the dispute is about architecture and aesthetics, not the merits of solar power. Homeowners automatically accept the community rules when they purchase a home there.
“We’re not going to debate whether it’s a good idea to have green energy or not,” said Jim Pearson, the association’s president.
These debates are likely to keep flaring as more people install solar energy systems because the equipment is getting cheaper and governments subsidize the cost. Taxpayers can now deduct 30 percent of the cost of installing solar panels from their federal tax bill. Other states and local governments offer additional incentives.
The fight is not new. Some solar rights laws date back to the 1970s, while other states have added similar measures more recently.
California’s law, first enacted in 1978, prevents homeowners associations from forcing residents to make aesthetic changes to photovoltaic panels that raise the cost by more than $2,000 or decrease a system’s efficiency more than 20 percent.
Most disputes in California are worked out privately, but a few have reached the court system. Last year, a California appellate court upheld a decision forcing a couple to remove solar panels that were installed in their yard without the approval of their homeowners association. They were allowed to keep other panels on their roof.
“They don’t like the way they look,” said attorney Michael McQueen, who represented the couple and others in similar disputes. “And (homeowners associations) are all about looks. Is your lawn green? Are your hedges trimmed?”
Ricardo Cestero, an attorney for the homeowners association, said neighborhood leaders were concerned the ground-level panels were not set back far enough from the street, were inadequately protected from damage and might cause erosion.
Texas adopted a law last year preventing homeowners associations from totally blocking solar panels. The law makes clear that residents can install them on roofs or in fenced-in yards or patios, subject to some limits.
In Georgia, the fight between the Dobses and their homeowners association started in 2010. David Dobs said the rules required that he and his wife seek permission to build solar panels.
He first proposed installing 30 panels on two areas parallel to the slope of his roof. People could have seen sections of the three-by-five-feet panels as they walked or drove along the street.
The homeowners association rejected that request and three others from Dobs.
Board member Jim Graham said that to win approval, the panels would probably need to be out of view, perhaps mounted in a backyard and obscured by a fence — though fences too are subject to association approval.
Graham said that if people don’t like the rules, they are free to buy elsewhere.
“They chose to come into this community,” he said.
Lawmakers in Georgia tried to resolve the problem with legislation giving homeowners associations the rest of the year to decide whether to ban solar panels. Any neighborhood that did not set a ban by next year would be unable to stop a homeowner from installing solar panels in the future.
There were limits. Homeowners associations could restrict the panels to roofs or fenced-in backyards and patios. They could require that panels be installed parallel to the slope of a roof and ban any backyard solar equipment that rose higher than the surrounding fence.
Even in states that give homeowners the right to install solar panels, homeowners associations still ban them.
Neighborhood leaders in a Salem, Ore., subdivision rejected Larry Lohrman’s request to install solar panels on his roof because their rules banned the equipment, Lohrman said. He successfully argued that a 1979 solar rights law made that ban illegal, and he and a neighbor helped the association draft guidelines governing the installation of solar panels.
His panels were installed and started producing power in 2010, though Lohrman said he nearly abandoned the effort in frustration during the year it took to write the new guidelines for his homeowners association.
“They’re just afraid that someone’s going to put up this big, honking ugly thing that reflects light and just looks ugly,” he said.
Associated Press reporter Kate Brumback contributed to this report. Follow Ray Henry on Twitter at http://www.twitter.com/rhenryAP
InfoTube thinks some logical thought should prevail on this issue. On one hand, we want to encourage US independence from fossil fuels that harm our environment and fund terrorism. On the other hand, homeowner association rules are in place to protect the beauty, value and function of a neighborhood.. Restrictions against solar panels are common in most associations and those rules were in place when the homes were initially purchased.