Wednesday, December 22, 2010

Home Inspections

Quite a few years ago when home inspections were just becoming more commonplace, we had one of our listings inspected by a very competent, knowledgeable and professional inspector. He found so many things wrong with the house that it “killed the deal”.

Upon review of the overwhelming list of repairs, the seller complained about how the inspector made the sale fall apart. They wanted to know what I was going to do about it.

My response was, “Mr. Seller, it is unfortunate that  this happened, however we now have a list of items which we can repair so this doesn’t happen with the next buyer we have. After all, would you want to buy a house with this many things wrong with it?”

I think he was taken aback, but he begrudgingly agreed that yes he could see that these repairs needed to be made and so he set about taking care of them, albeit this time by exclusively using professional licensed contractors and tradesman.

The very next offer we accepted also had a home inspection and there were still a few minor things to repair, but it was a short list and the seller completed those repairs and we had a successful settlement. All ended well, except for the survey, but that’s another story. (We worked that one out too.)

When it was all over, my wife and partner asked me, “Would you use that first home inspector who found so many things wrong with the house?” I replied “Absolutely! When representing our buyer clients we want the very best inspector!”

Well, that was nearly 20 years ago and we’re still using that same home inspector today and he’s inspected over 8,000 homes in his storied career. Today, we recommend a pre-inspection to our seller clients to head off any repair surprises.

When you are looking for an agent to help you buy or sell your home, be sure to work with one who brings the very best team of affiliates and service providers to the table. You’ll be glad you did!

Charles Kraus, GRI, Associate Broker
Coldwell Banker Residential Brokerage
Annapolis Plaza - Office: 410-224-2200 ext 2642
ck@mris.com     - Cell:    443-822-0700
Equal Housing Opportunity

Friday, November 26, 2010

National Association of Realtors® 2010 Seller Profile

From the The National Association of Realtors® 2010 Profile of Home Buyers and Sellers – Here are a few highlights on sellers from the report.

  • The typical seller lived in their home eight years before selling.
  • Eight-eight percent of sellers were assisted by a real estate agent when selling their home.
  • Forty-four percent of sellers offered incentives to attract buyers, most often assistance with home warranty policies and closing costs.
  • Eighty-six percent of sellers were at least somewhat satisfied with their selling experience.
  • Forty-one percent of sellers who used a real estate agent found their agents through a referral from friends or family and 23 percent used the agent they worked with previously to buy or sell a home.
  • Ninety-one percent of sellers reported that their home was listed or advertised on the internet and topped the methods  used to market the home. Social networking of properties rose from 2 to 5 percent, while print newspaper ad use among sellers using an agent declined from 37 to 28 percent.
  • The share of home sellers who sold their home without the assistance of a real estate agent was 9 percent. More than fifty percent of them knew the buyer prior to the home purchase.
  • Twenty-three percent of For Sale By Owner (FSBO) sellers reported getting the price right was the most difficult task, while eighteen percent reported preparing or fixing up the home for sale was their most difficult task.
  • One in five FSBO home sales transactions is a mobile or manufactured home.
  • Eight-one percent of all sellers sold a detached single family home. Recent sellers typically sold their homes for 96 percent of the listing price and 57 percent reported they reduced the asking price at least once.

    Charles Kraus, Associate Broker    Coldwell Banker Residential Brokerage    Annapolis, MD

     Office: (410) 919-2642                email: ck@mris.com          web: http://charleskraus.net

Strategies For Selling your Home

showmehowvideos

Saturday, November 20, 2010

Washington, D.C – St Michaels, MD Weekend Get Away

Get away for the weekend and spend time in lovely St Michaels, MD on Maryland’s eastern shore.

Buy this one story charmer at 1102 Harrison Ave in lovely St Michaels, MD and enjoy fun filled and relaxing weekends. Leave the hustle and bustle behind and live life to its fullest!

Priced at just $239,900

 

Enjoy strolling through town, antiquing, perusing the arts and crafts and gift shops. Dine at the fine restaurants enjoying the bounty of the Chesapeake Bay.

 

Just a short 10 mile drive away is Historic Easton, MD one of America’s best small towns. Enjoy live entertainment at the historic Avalon Theatre.

 

Also very close by is Historic Oxford, MD. Take the Oxford-Bellevue Ferry - Americas oldest privately owned ferry. The ferry serves as a connection on a scenic route between Oxford and St Michaels, Maryland and is one of the Top 25″ bicycle routes in the United States. Get more information at http://www.oxfordferry.com Fares and rates subject to change.

 

Contact Charles Kraus, Associate Broker for more information at (410) 443-0700 or by email at ck@mris.com

Coldwell Banker Residential Brokerage – Annapolis Plaza  -  Equal Housing Opportunity

Friday, November 19, 2010

National Association of Realtors® 2010 Home Buyer Profile

From the The National Association of Realtors® 2010 Profile of Home Buyers and Sellers - Here are a few highlights on buyers from the report:

Characteristics of Home Buyers

  • 50 percent of recent home buyers were first –time buyers
  • The typical first-time buyer was 30 years old, while the typical repeat buyer was 49 years old.
  • The 2009 median household income of buyers was $72,200, while the median income for first-time buyers was $59,900 and $87,000 among repeat buyers.
  • For 1/3 of the recent home buyers, the primary reason for their home purchase was a desire to own a home.

Characteristic of Homes Purchased

  • New home purchases were at the lowest level in nine years – down to 15 percent of all home purchases
  • The typical home purchased was 1,780 square feet in size, was built in 1990, had three bedrooms and two bathrooms.
  • Seventy-seven of home buyers purchased a detached single family home.
  • When considering the home purchase, commuting costs were considered very important or somewhat important by 76 percent of home buyers.

Home Search Process

  • For more than 1/3 of home buyers, the first step was to look online for properties and overall 9 out of 10 home buyers used the internet to search for homes.
  • Real estate agents were viewed as a very useful information source by 81 percent of buyers who used an agent while searching for a home.
  • The typical home buyer searched for 12 weeks and viewed 12 homes.
  • Eighty-three percent of home buyers purchased their home through a real estate agent and eighty-seven percent said they would use their agent again in the future.

Buyer Financing

  • Ninety-one percent of home buyers financed their recent home purchase.
  • First-time buyers typically financed 96 percent of their home purchase, while repeat buyers financed 86 percent of their home purchase.
  • Seventy-one percent of all home buyers and ninety-three percent of first-time home buyers used the tax credit during their home purchase.
  • Forty-six percent of home buyers reported that they have made some sacrifices such as reducing spending on luxury items, entertainment or clothing.

Next time – Sellers

Charles Kraus, Associate Broker – Coldwell Banker Residential Brokerage -  Annapolis, MD

Office (410) 919-2642  email: ck@mris.com

Wednesday, October 27, 2010

Anne Arundel County Statistics Year to Date for 2010

As 2010 enters its last weeks, a look at market statistics provided by Metropolitan Regional Information System’s Real Estate Business Intelligence (RBI) Group shows a slightly improving market.

Here are 2010 year to date statistics for Anne Arundel County from RBI:

Anne Arundel County

2009

2010

Change

New Listings 7,900 8,119 +2.8%
Closed Sales 3,694 3,816 +3.3%
Pending Sales 4,137 4,192 +1.3%
Median Sales Price* $299,000 $297,555 -0.5%
% of Sale to List Price* 91.0% 92.2% +1.3%
Average days on Market 131 109 -16.5%

* Does not account for seller concessions

Even though the median price fell ever so slightly, the sold price as a percent of original list price ticked up by 1.3%, while the amount of time to sell expressed by average days on market fell from 131 days to 109 days.

According to RBI’s Baltimore Metropolitan Regional Report, current average sales and median sales prices are comparable to 1st quarter 2004 levels. 

Closed sales, pending sales and new listings also are trending slightly higher. The gains in closed sales and pending sales may not be robust, however they are moving in a positive direction.

The future economic health of the real estate market will be dictated by the overall economic health of the country. Consumer confidence, unemployment, mortgage interest rates and government spending will continue to play key roles in shaping the real estate sector of the economy.

Charles Kraus, Associate Broker – Coldwell Banker Residential Brokerage

Tuesday, October 5, 2010

New Listing in St Michaels, MD

St Michaels, MD 1 Story Charmer


Overview
Maps
Photos
Features
Description
Video
Neighborhood

















$259,900
Single Family Home
Main Features
4 Bedrooms
2 Bathrooms
Lot: 16,830 sqft
Location
1102 Harrison Ave
St Michaels, MD 21663
USA

To get updates on open home dates and other property events, please click the "Like" button below:


Charles Kraus

Charles Kraus

Coldwell Banker Residential Brokerage
(410) 224-2200
ck@mris.com
http://thebayhomes.com



Listed by: Coldwell Banker Residential Brokerage

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Monday, September 6, 2010

Optimist or Pessimist?

If you have been entertaining the idea of a home purchase, you may be interested in this tidbit of information from economist Karl Case.

Economist Karl Case (of the Case-Shiller home price index) provided a useful (if not obvious) perspective on just how affordable houses are these days. In short, Case notes that four years ago, the monthly payment on a $300,000 house with 20 percent down and a mortgage rate of 6.6 percent was $1,533. Today that $300,000 house would sell (on average) for $213,000 and a 30-year fixed-rate mortgage with 20 percent down would carry a rate of about 4.2 percent and a monthly payment of $833. What's more, the 20-percent down payment would be knocked down to $42,600 from $60,000.

Now mind you, these figures are based on national averages and real estate is local, so the exact scenario might look different depending on where you live.

So are you are optimist or a pessimist when it comes to the current real estate market? I believe the late actor John Candy would have put it this way – You see if you’re an optimist you’re probably going to pay about $833 a month if you buy a home now and if you’re a pessimist, you’re probably going to pay more when you do decide to buy a home later on in the future. Time will tell.

Tuesday, August 17, 2010

Annapolis, MD - FHA Loans – They Are a Changin’

Buyers looking to secure FHA financing may wish to take heed of changes coming into effect that will affect their monthly mortgage payment.

HUD has announced that it will reduce the up front mortgage insurance premium from 2.20% to 1.00%, while at the same time increasing the monthly premium from .055% to 0.85%% – 0.90% for loans with a maximum of 96.50% LTV (loan to value). The FHA Commissioner has the right to increase the monthly mortgage insurance premium to as much as 1.55% if necessary.

Meanwhile, the FHA is considering a reduction in seller paid closing cost assistance to the buyer from its current maximum of 6.00% of purchase price to 3.00% of purchase price. This change has not taken place, but industry experts predict it is likely to happen before years end.

With historically low interest rate and FHA changes that could make your payment higher, now may be a good time to put your home buying plans into action.

If you are looking to buy a home in Maryland and want to search for homes online, go to ChesapeakeHomeFinder.com and take advantage of a special offer to get the DVD - “The Home Buying Process” for free. It’s a $29.95 value and available online at Borders and Amazon

_________________________________________________________

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HUD Pushes New MIP Changes to October

Aug 10, 2010 (www.hud.gov.com)

In a press release by Deputy Assistant Secretary Vicki Bott on the new MIP implementation:

“Last week, FHA Commissioner David H. Stevens announced plans for implementing FHA’s new mortgage insurance premium structure.  As we work to publish a Mortgagee Letter, it is our intention to announce that based on industry feedback and our desire to have this change implemented successfully in the marketplace, FHA will make the premium fee changes on all new case numbers effective October 4, 2010.  Over this past week, the industry responded with support of the new fee structure, but voiced strong concern about having system changes ready in time to meet the original September 7, 2010 deadline.  Since these system changes impact regulatory disclosures, lenders expressed they must have the additional time to implement and test systems.  FHA took this feedback seriously and has accommodated the need for additional time.”

_____________________________________________________________
Charles Kraus, Coldwell Banker Residential Brokerage
Annapolis Plaza Office, Annapolis, MD 
Office: (410) 919-2642  Mobile: (443) 822-0700 Email: ck@mris.com

 

Tuesday, July 20, 2010

Understanding Short Sales

A short sale in real estate occurs when the outstanding obligations (loans) against the property are greater then what the proeprty can be sold for. The borrower (normally the seller) proposes that the secured lender accepts a compromised (reduced) payoff amount upon the sale of the property.

Generally speaking, a seller must be in arrears with their loan, however a lender may consider a short sale based on the financial hardship of the seller. Always confirm the requirements with the lender.

A short sale has tax, financial and legal implications which may be best understood by consulting with an attorney specializing in this area. If you find yourself facing this dilemma, please call us today to discuss your options.

Monday, July 12, 2010

Deed in Lieu

What is a Deed-In-Lieu? For persons facing foreclosure of their property, a Deed-In-Lieu of foreclosure is a disposition option in which a mortgagor (property owner) voluntarily deeds collateral property (homeowners house for instance) in exchange for a release from ALL obligations under the mortgage.

Want to know more on this subject? for Frequently Asked Questions (FAQ) on the U.S. Department of Housing and Urban Development (HUD) website.

Thursday, July 8, 2010

Price Reduced!

IMG_0453_541KB

Price reduced to $275,000 on this single family home with three bedrooms and 2 full baths. Located in a water privileged community this home is just  a short distance from the boat ramp.

Parking for 2 cars plus a trailer with boat or third car! Large deck installed recently and walk out lower level from spacious family room. Garden shed and 1 year home warranty included. Call today for an appointment to see this clean and tidy home!

MLS# AA7222511

Friday, June 25, 2010

Annapolis, MD Real Estate – 10 Reasons to Buy A Home Now

 

  1. Interest Rates –Interest rates are near historic lows. Low interest rates increase the affordability of housing by allowing a qualified buyer to purchase a higher price home or by making the monthly payment lower. 
  2. Tax deductions – the United States tax code allows an interest and property tax deduction for homeowner/taxpayers.
  3. Affordability Index – In 1975 the Housing Affordability Index was established and right now the affordability rating is its best since it started in 1975. The affordability index looks at, among other things, interest rates, housing prices and income levels in determining affordability.
  4. Inventory level – In a seller's market, buyers compete for fewer listings and often pay more and get less. When inventory levels are high, which is the case right now, buyers have better choice, get a better price and terms when buying. 
  5. Stability – Owning a home allows the owner the freedom of making changes to their home; the ability to manage the monthly payments and the stability of owning an asset.
  6. Closing Help – FHA, VA, and Conventional loan programs allow the seller to contribute towards financing concessions for the buyer. The seller’s contribution can be used for buyer's closing costs, pre-paid items or interest rate buy down.
  7. FHA loan changes – Currently, a FHA allows a seller to 6% of the sales price in financing concessions, however the amount will be reduced to 3% later this year; the date has not been announced yet. The annual MIP for FHA loans may also be going up this year and that will increase the buyer’s monthly payment. Buyers who buy now will pay the current lower fees. 
  8. Financial Planning - a homeowner can borrow up to $100,000 above their acquisition debt and deduct the interest regardless of what purpose the money is used. This is a great opportunity to consolidate debt at a lower interest rate and be able to make the interest deductible that otherwise may not have been.
  9. Tax Advantage – A capital gain exclusion allows qualified homeowners to make a profit on their home without having to pay tax on the gain. Check with your tax advisor for current details.
  10. Financial Advantage – Home owners can borrow against the equity in their home without incurring taxes on the transaction. Additionally, borrowing against home equity is not capital gains income. 

Most economists are predicting that Interest rates are going up in the near future. Although the home buyer tax credit helped absorb some of the housing inventory and increase sales, other economic forces may in the short term cause interest rates to rise. Additionally, inflation may soon begin to cause increases in housing prices.

Recognizing the current buying conditions and buying a home now will prove to be a great move for those taking advantage of the historic high affordability that exists right NOW!

 

AFFORDABLE BUYING OPPORTUNITY – WATER PRIVILEGED

CLICK VIDEO TO PLAY

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Wednesday, June 16, 2010

Coldwell Banker Market Action Reports

May 2010 Market Action Reports

Click on the County of interest below:

Anne Arundel

Queen Anne

Talbot

With the end of the home buyer tax credits, industry experts predict an adjustment period for the market due to the accelerated sales due to the tax credit. Sales are expected to slow and then rebound as pent up demand will spur future sales.

Friday, April 30, 2010

3.8% Medicare Tax on the Sale of Your Home?

According to a Journal of Accountancy article, the The Health Care and Education Reconciliation Act of 2010 added a new IRC § 1411 that imposes a tax on individuals equal to 3.8% of the lesser of the individual’s net investment income for the year or the amount the individual’s modified adjusted gross income exceeds a threshold amount. For estates and trusts, the tax equals 3.8% of the lesser of undistributed net investment income or adjusted gross income over the dollar amount at which the highest trust and estate tax bracket begins.

For married individuals filing a joint return and surviving spouses, the threshold amount is $250,000; for married taxpayers filing separately, it is $125,000; and for other individuals it is $200,000.

Net investment income means investment income reduced by deductions properly allocable to that income. Investment income is defined as income from interest, dividends, annuities, royalties and rents, and net gain from disposition of property, other than such income derived in the ordinary course of a trade or business (however, income from passive activities and from a trade or business of trading in financial instruments or commodities is included in the definition of net investment income).

This provision applies to tax years beginning after Dec. 31, 2012. Good to know if you're planning on selling a property now or in the near future.

Charles Kraus, Associate Broker Coldwell Banker Residential Brokerage E: ck@mris.com

Wednesday, April 21, 2010

Fannie Mae Deed-In-Lieu of Foreclosure Rule Change

Inman News - To encourage distressed borrowers to agree to deeds-in-lieu of foreclosure, Fannie Mae is reducing the waiting period -- from four years to two years -- for them to become eligible for a new mortgage. The new policy, which will apply to loan applications submitted after June 30, requires a minimum down payment of 20 percent from borrowers who have agreed to a deed-in-lieu within the past two years. Borrowers with a deed-in-lieu in the past two to four years will be required to put 10 percent down to be considered for a Fannie Mae-backed loan.

Wednesday, February 24, 2010

2010 Home Buyer Tax Credits – Alert

Annapolis, MD
Mortgage lenders facing increased regulation and revised paperwork required by the US Department of Housing and Urban Development (HUD) are advising potential home buyers that time is running short for the home buyer tax credits.
hgv-icn-sealFAQ - 1st Time Home Buyers
Qualified 1st time home buyers are eligible for a tax credit of up to $8,000 for a home that they are buying provided that they have entered into a binding contract on or before April 30, 2010. The buyer has until June 30, 2010 to complete the purchase or complete settlement on their purchase.

hgv-icn-sealFAQ – Repeat Home Buyers
Qualified Repeat Home Buyers are eligible for a tax credit of up to $6,500 for a home that they are buying provided that they have entered into a binding contract on or before April 30, 2010. The buyer has until June 30, 2010 to complete the purchase or complete settlement on their purchase.

The new Truth in Lending Act (TILA), new Good Faith Estimate (GFE) and HUD-1 Settlement forms, Real Estate Settlement Procedures Act regulations and the Fannie Mae Home Valuation Code of Conduct (HVCC) governing the appraisal process, are all industry changes affecting the time necessary for the mortgage lender to process and approve a mortgage loan. The amount of time necessary to complete a “clean” mortgage loan has risen to approximately 60 days. Complications could extend the amount of time significantly and place a buyer’s chances of meeting the timelines for the credit in jeopardy.
Therefore many lenders are advising buyers to enter into a binding contract to purchase a home by April 01, 2010. Be aware that every day of delay beyond April 01, 2010 increases the chances of failing to meet the timelines of qualifying for the tax credit.
Countdown Clock for 1st-Time Home Buyer Credit – http://www.homebuyertaxcredit.com/
Charles Kraus, GRI – Associate Broker
Coldwell Banker Residential Brokerage
Annapolis, MD
(O): (800) 456-1996
WEBSITE

Monday, February 15, 2010

Waiting to Buy Could Prove Costly for 1st-Time Home Buyers

Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA). Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit and just days after the March 31 expiration of the Federal Reserve Board's mortgage backed securities purchase program (which has kept home loan rates artificially low for over a year), these FHA changes make it even more important to act now to save big.

Here are a few reasons why: On April 5th, the cost of required up-front mortgage insurance for loans guaranteed by the FHA will increase from 1.75% to 2.25%. For a borrower purchasing a $200,000 home with a $7,000 down payment, the up-front mortgage insurance will increase by $965. Up-front mortgage insurance is typically financed in the final loan amount so the impact to a monthly payment will be minimal but overall, the increase is still borne by the borrower both upfront and monthly. Later this spring, the amount of money that a seller can return to the buyer from their sale proceeds will be reduced from 6% to 3%. The reduction in these "seller concessions" can increase the amount of cash a buyer will be required to pay at closing by $6,000 for a home purchase of $200,000. There is only one way to avoid being affected by all of these costly changes that lie ahead – submit all FHA mortgage applications by the last week of March.

On The Interest Rate Front -
Industry reports show that the amounts of Mortgage Backed Securities the Fed is purchasing are slowly dwindling, as the program is set to wrap up by March 31st, and are clearly trying to ration out the remaining portion. Last week, the Fed purchased $11 Billion in Mortgage Backed Securities, which leaves them with $66 Billion to spend out of their original $1.25 Trillion allotment. So about 95% of the total has already been spent and has purchased about 3 out of every 4 home loans during the past year. When such a large buyer leaves the market, it is very likely that prices will worsen. This is very important because as the Fed has less money to last through the remaining months of the program, their ability to keep home loan rates low via their purchasing power will wane. And those who can take advantage of currently low home loan rates do not wait, as the clock on these historically low rates is ticking.

Source: Coldwell Banker Home Loans Newsletter

Friday, February 12, 2010

Countdown Clock for 1st-Time Home Buyer Credit - www.homebuyertaxcredit.com

Wednesday, February 3, 2010

Is Your Neighborhood Car Dependent?

A new website offers you a chance to rate your current neighborhood or a neighborhood that you’re considering for its car dependence.  WalkScore.com allows you to score an address for its walk-ability. Just enter the address and press enter and WalkScore.com will score the address for walk-ability and convenience to businesses, schools, libraries, restaurants, etc..

Check out an address at http://www.walkscore.com

Charles Kraus, Coldwell Banker Residential Brokerage

ck@mris.com;

Saturday, January 30, 2010

Anne Arundel County Backs Off on Real Estate Tax Issue

According to a Baltimore Sun newspaper article, Anne Arundel County, MD has decided to back off on their decision to use unpaid principal mortgage balance rather than sales price as a basis on which to assess recordation taxes. Naturally, this decision was largely condemned by the Maryland real estate and taxpayer community.


The Baltimore Sun reports that Anne Arundel has backed down from this practice, citing an opinion from the Maryland Attorney General that the "practice isn't supported by state law." The full article can be found here. The county will instead assess recordation tax on the sales price as it previously had.

Tuesday, January 26, 2010

Annapolis, MD real estate - Crownsville, MD listing

775 Valentine Drive, Crownsville, MD - Just 5 miles from the Annapolis Mall is this 3 bedroom, 2 bath home in the water privileged community of Herald Harbor. Well maintained and in move-in condition!

Monday, January 18, 2010

The Video That Unlocks the Secrets to Selling Your Home!

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Three of the elements of selling are price, condition and location. While location influences price you have no control over it. As the saying goes, you can change a house, but you can't change its location. Price and condition are the other elements over which you have control.
One of the most important elements in the process of selling your home is its condition. It is also one of two things in your control that you can change.
A thorough review of the house and property should be made in advance of putting the house on the market. Those things that you can afford to fix, repair or replace should be done. Cleaning and painting are two musts on any list. Freshly painting a house in a neutral color is one of the most important things that can be done to make a house look its best. Failing to completely clean prior to painting however, will lessen the effect of the new paint job. Slapping some paint on the walls without cleaning makes it look just as it sounds. Awful!
Cleaning is one of the least expensive things that can be done to make a property show it best, if you are doing it yourself. Be sure to move furniture, fixtures or appliance to reach every nook and cranny in your cleaning. Put a shine on everything and maintain it that way until the property is sold.
Does your house pass the smell test. Have someone who doesn't live in the house give you an honest opinion. Pet and smoke odors are two of the most offensive to many buyers. Pet odors may mean that you'll need to thoroughly clean your carpets and upholstered furniture. If the carpeting is beyond cleaning it may be necessary to replace it. Odor from smoking is a tough cleaning task as smoke finds it way into everything and often cover walls and fixtures with a visible film of nicotine. In some worst cases it may be best to hire a professional who specializes in that field.
Don't forget outside of the house. All exterior painting should be checked, scraped and repainted if necessary. The exterior extends to the yard, where keeping the grass cut and the gardens freshly mulched and tidied are tasks to complete. Overgrown and neglected plantings should be attended to and made to look presentable.
These are just a few of the things that fall under the heading of condition when you are selling your home. For more complete information see our video, Strategies for Selling Your Home, which can be found online at CharlesKraus.com
It can be difficult to sell a house in today’s real estate market. There are certain things that you have no control over, like mortgage interest rates, consumer confidence and how many buyers are in the marketplace. However, there’s always a real estate market. People need to move for many reasons, so you always have a market for selling your house. As we’ve stated earlier, three elements of selling are price, condition and location. Price can be adjusted to account for poor location and condition, however if you need to maximize your sale price in order to pay off your current mortgage and break even on the expenses of sale or even walk away from the sale with a profit, the best way to accomplish that is to improve condition. Order Strategies for Selling Your Home today and improve your chances for selling your home quicker and for a better price!
Get you copy of Strategies for Selling Your Home today at CharlesKraus.com
Strategies For Selling your Home

Sunday, January 3, 2010

"The Debt Bomb" an interesting article from HoweStreet.com

Here's an interesting article we read online at HoweStreet.com. The basic premise of the article is that because of the extraordinary debt facing the United States the government has decided on a course of monetary inflation - printing money. They have increased the money supply by 119% to $1.93 trillion in the last two years. This is coupled with increased government spending to keep the GDP from falling and hopefully spurring employment. The government debt bomb meanwhile stands at an alarming $115 trillion dollars. The article states that it seems inflation will be heading our way in the very near future. Furthermore, according to the article precious metals like gold and commodities are expected to outperform other asset classes, while they site stocks and real estate as appreciating in value against paper currencies. The Federal Reserve seems committed to a path of monetary inflation to inflate away the mountain of debt, however this policy will lead to a further dilution of the dollar.  As further proof of this policy the article shows that the European banks have also adopted a policy of printing money and also taking this path of monetary inflation.

To read the article, go to http://bit.ly/8PKRlK