ILM Realty Blog - Archives April, 2008

Home : Blogs : Stacey Brown, REALTOR® : ILM Realty Blog : Archives April, 2008

Home inspection top 10 list - 04/29/08 10:31 PM

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 controlsFoundationFloors, walls and partitionsRoofWindows & doorsSeptic tanks, wells and/or … (5 comments)

Quick home buying tips - 04/28/08 10:48 PM

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 … (3 comments)

How mortgage shopping affects your credit score - 04/23/08 11:02 PM

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 … (5 comments)

What a great buying opportunity! - 04/23/08 10:38 PM

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 … (3 comments)

Unused Home Equity Lines of Credit Being Cut - 04/14/08 10:25 PM

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 is estimated that the total sum of outstanding credit line exceeds … (3 comments)

Home Improvemnt & Remodeling ROI - 04/08/08 12:13 AM

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 … (3 comments)

Why You May Want To Stop Making Extra Mortgage Payments - 04/07/08 08:24 PM

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. … (14 comments)

Congress approves a $7,000 tax credit for purchasers of foreclosed homes - 04/03/08 08:21 PM

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 … (10 comments)

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