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general information: Existing-Home Sales Continue to Rise - 01/08/10 04:19 PM
According to the National Association of Realtors®, existing-home sales rose again in November as first-time buyers rushed to close sales before the original Nov. 30 deadline for the recently extended and expanded tax credit.
Existing-home sales rose 7.4 percent to a seasonally-adjusted annual rate of 6.54 million units in November from 6.09 million in October, and are 44.1 percent higher than the 4.54 million-unit pace in November 2008. Current sales remain at the highest level since February 2007 when they hit 6.55 million.
"This clearly is a rush of first-time buyers not wanting to miss out on the tax credit, but … (0 comments)
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general information: Don't Rely on a Fence to Determine Boundaries - 08/06/09 12:28 AM
Keep in mind when purchasing a property that the fences do not necessarily represent the properties' boundaries. In many cases, the previous owner of a property had fences installed without the assistance of an accurate survey, or is simply replacing a fence that was built by a former owner who did not know where the property lines were located.
If it is important for you to know exactly where the property lines are -- and it should be -- always insist upon a property survey if there's any doubt. You'd be surprised at how many fences have been built on estimated … (0 comments)
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general information: The Purpose of an Escrow Account - 07/04/09 01:07 AM
If you've never owned a home, the term "escrow account" may sound a bit alien. In short, an escrow account is a special account set up by your lender that holds a percentage of your monthly payment and places it aside to pay your property insurance, mortgage insurance (PMI), real estate property taxes, and other fees affecting the home or property.
The idea behind an escrow account is to keep your homeowner's insurance, real estate taxes and other obligations up-to-date, thus protecting the lender -- and you, the homeowner -- in the event the property is destroyed or if your real … (0 comments)
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general information: All Home Warranties Are Not the Same - 12/01/08 03:14 PM
Whether you're buying or selling a home, chances are good that a home warranty will be discussed at some point. So, what is it?
In short, a home warranty is a service contract -- similar to an insurance policy -- that protects the new home owner against the cost of unexpected repairs or replacement on major systems and appliances that may break down due to normal use. Of course, the coverage is only for systems and appliances in good working condition at the start of the warranty period.
All home warranty plans are not the same, so be sure to check … (3 comments)
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general information: Give Your Children the Gift of Giving - 11/28/08 11:26 PM
Tis the season to be jolly -- and help out a family less fortunate than yours. This is a good opportunity for you and your family to re-discover the joy that comes from giving. Follow are the steps you can take to get involved.
1. Check with your church, temple or local civic groups like the Knights of Columbus, Elks, Boys & Girls Club, Lions Club or homeless shelters to find families in need.2. Prepare a gift basket with traditional foods, such as turkey, ham, stuffing and canned vegetables.3. Donate canned goods to an organization that is collecting items from the … (0 comments)
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general information: Realtors Submit Four-Point Plan to Congress - 11/28/08 11:23 PM
The National Association of Realtors® (NAR) recently submitted a four-point plan to the House Financial Services Committee recommending ways to stimulate home sales and stabilize housing valuations.
"The only way to overcome today's economic turmoil is to motivate and encourage worried or cautious housing consumers to enter the marketplace," said NAR President Charles McMillan. "Stabilizing the housing market will lead to a quicker and greater economic recovery. Our goal is to ensure there is a healthy market and sufficient capital to support mortgage lending to qualified borrowers."
According to the report, the four-point plan's principles are consumer-driven to help foster a … (0 comments)
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general information: 7 Tips to Consider Before Getting a Pet - 09/02/08 02:00 PM
I recently lost a dog due to old age. Her name was Jazzy and she was 14 years old. Talk about a loss, It will be a while before I get over her as she was a great dog. It got me thinking about homeowners that are thinking about adding a pet to their family. I came up with a few suggestions to consider before getting a pet. Pets of all kinds have provided companionship to humans for hundreds, if not thousands, of years. While pets can be fun and rewarding, following are some factors to take into account before making … (0 comments)
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general information: Existing-Home Sales Projected to Improve - 08/29/08 02:03 PM
I just ran across some very optimistic information about home sales in the future. This is good news for all of us. The report is as follows:
According to a mid-August report by the National Association of Realtors®, some improvement is projected for existing-home sales in the months ahead, with broader gains seen by the fourth quarter as buyers take advantage of new provisions provided through the recently passed housing stimulus bill.
The Pending Home Sales Index (PHSI), a forward-looking indicator based on contracts signed in June, rose 5.3 percent to 89.0 from a downwardly revised reading of 84.5 in May, … (2 comments)
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Phil Kretchmar
Lewisville,
TX
More about me…
RE/MAX Advantage
Address: 325 S Stemmons Frwy, Lewisville, TX, 75067
Office Phone: (972) 439-9033
Cell Phone: (214) 244-8159
Email Me
Phil Kretchmar, Realtor, ABR, ASR, e-PRO real estate blog. Links to search for homes and websites to Lewisville, Flower Mound, Highland Village and North Dallas homes for sale.
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