Real Estate:A home and investment - 11/21/08 07:31 AM
The question occasionally comes up lately:
A home is typically bought for usage and enjoyment of a person or family...but is it a good investment? Most investment experts believe yes...even in an environment where there may be some depreciation. The majority of homes are held long term. Over the long term, the values have gone up tremendously. Not only does one get to enjoy a home and all it's memories, but mortgage interest can be tax deductible and the value over the long term is usually excellent and offers a great deal of equity build up.
 
Kale Hassan
Coldwell Banker Burnet
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Keeping your home on the market during the Holidays - 11/12/08 07:07 AM
A question that frequently comes up this time of year is: Should I keep my home on the market during the holiday season. There are many good reasons to keep it on the market, and here are a few:
-The buyers that are looking are usually quite serious
-There is less competition
-Relocation occurs most often at the end of the year and very beginning of the year
-The buyers tend to purchase on a higher emotional level during the Holidays
-Many sellers will wait until Spring and you run the risk of being lost in the Spring surge
Kale Hassan
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Massive Effort to Save Mortgages - 11/05/08 06:56 AM
 
Some of the largest banks are taking steps to get the credit situation back on track
Note: J.P. Morgan Chase (acquired Washington Mutual) Bank of America (acquired Countrywide) FDIC (acquired IndyMac Corp) & Wells Fargo (acquired Wachovia) have already agreed to participate in the massive effort to save mortgages.  These four players have acquired a large number of Option ARM mortgages with the negative am. feature. This should eleviate banks from many foreclosures and help stabilize the mortgage/credit situation.
 
Kale Hassan
Coldwell Banker Burnet
Shoreview/North Oaks Office
651-486-4860
www.kalehassan.com
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