Jeff Heidt's Blog

Be careful what you believe from the media!

Jeff Heidt (Your Realty Professional, LLC, Sedona, AZ) — Sat, 10 May 2008 12:50:09 -0700

Chicken Little, the Sky Is Not Falling!
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"Real estate prices are plummeting!" "Foreclosures are at an all time high!" "Prices predicted to decline another 20 to 30 percent!"--these are the headlines that we face daily. It's no wonder that there's a crisis in consumer confidence. The truth of the matter is that the sky is not falling. In fact, contrary to what the press is reporting, real estate prices are stabilizing, and in a wide number of areas they are actually showing signs of improving.

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Shane Bowlin, REC General Manager

Motgage Regulations coming from the Fed

Jeff Heidt (Your Realty Professional, LLC, Sedona, AZ) — Thu, 26 Jul 2007 18:08:42 -0700

The following is based on a story found in Realtor Magazine Online, Daily Real Estate News for 7-26-07:

The Federal Reserve is working on writing rules to regulate the mortgage industry more closely, specifically regarding prepayment penalties, escrow accounts, and stated-income loans. Sandra Braunstein, the Fed's director of consumer and community affairs. said the Fed also plans to overhaul the types of disclosures lenders are required to provide borrowers, and it appears deceptive advertising of loan products will also be addressed.

One week ago, Fed Chairman Ben Bernanke told the House Financial Service Committee that the Fed would propose controls on specific mortgage lending practices later this year.

Original Source: Dow Jones International, Damian Paletta (07/25/2007)

Curb Appeal

Jeff Heidt (Your Realty Professional, LLC, Sedona, AZ) — Wed, 18 Jul 2007 19:51:58 -0700

First impressions count. And that is true for your house too - especially when you want to sell it.

For valuable tips on how to make your landscaping help your house show well take a look at this article by Mark Nash: Landscaping Can Make or Break Curb Appeal for Homebuyers

Tax credits ending soon

Jeff Heidt (Your Realty Professional, LLC, Sedona, AZ) — Mon, 09 Jul 2007 22:01:12 -0700

Have you installed new appliances or perhaps replaced an air conditioner? Maybe you replaced windows, exterior doors or metal roofing?

The Energy Policy Act of 2005 provided federal tax credits of up to $500 to consumers who purchased certain energy-efficient appliances and building products between Jan. 1, 2006 and Dec. 31, 2007. Learn more at:
energy.gov/taxbreaks.htm

And don't forget - some of the same products may also qualify for state tax incentives and utility company rebates.