ILM Realty Blog

Here's a quick reference guide for top 10 things you want to make sure your home inspector covers for you.On/off switches for furnaces, air conditioners, etc.Pilot light on hot waer heaters, overs, furnaces, etc.Electric panel - Fuses or Circuit Breakers?Main water shut-off controlsFoundationFloo...

Here's a few quick tips when deciding on evaluation criteria for your next home...How well are other homes in the area maintained?Look around the community - are there signs of others doing things that you like to do?Look for signs of children - whether you want them or not, it's good to see what...

The short answer is that it doesn't affect it too much. When looking for a mortgage or auto loan, credit score treats all inquiries made in any 14 day period as a single query.Another point worth noting is that credit scores do not factor in inquiries for these types of loans if they have been ma...

I have been talking to eveyone I know about why now is a great time to buy real estate. It's simple... There's a ton of options out there as inventories sit and wait to be soldSellers are more flexibleInterest rates on mortgages are still really low. Prices have softened. Are we at the bottom yet...

Today there was an AP article which mentioned that banks are starting to cut unused HELOCs. While mostly centered around Wachovia's recent announcement to cut HELOCs, the article mentioned the following banks:Washington MutualCountrywide Financial Indymac Bancorp Bank of AmericaSunTrust Banks It ...

The other day I did a blog on ROI for home projects. Pacita Dimacali http://activerain.com/pacita pointed me towards more up-to-date information. Here's a summary of what I found for New England and the National Average. If you are planning a project to help sell your home, you may want to consid...

I have had a lot of discussion with people on the subject of making extra mortgage payments. I have my own opinion (let's just agree to call it that.) I have gained this opinion through education and experience. In the end, I feel that making extra mortgage payments is a mistake. Here's why. When...

Well, today was the day. Senate passed the bill that gives buyers of foreclosed homes a $7,000 tax break. That's $7,000 in the buyer's pocket. It's not a write off, it's a tax credit. This is some good news for people who want to buy foreclosures.Also in the bill are tax credits for builders and ...