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homes: Should I Rent Out My House or Sell It?
- 01/20/10 04:51 AM
Should I Rent Out My House or Sell It?
This question has probably ran across the minds of many homeowners, and probably much more now since this buyer’s market is forcing many buyer’s to make tougher decisions regarding their property. Every situation is different, some rent out their homes due to necessity, (Market is slow, need to move asap, etc), others rent due to investment related goals.
Benefits of renting your home:
Tax-breaks could offset income tax on rent.
Depending on the rental market pricing and your monthly mortgage amount, you potentially can cover your monthly mortgage payments and … (3 comments)
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homes: On Feb 1, 2010, FHA borrowers will finally have access to a broader array of recently foreclosed properties.
- 01/19/10 06:06 AM
On Feb 1, 2010, FHA borrowers will finally have access to a broader array of recently foreclosed properties.
Just released on Friday January 15, 2010, HUD announced that the ban that prohibited FHA from insuring a home owned by a seller less than 90 days will be lifted. This new policy will go into effect on Febuary 1, 2010, and be effective for duration of a year. This policy is to help stabilize home values by allowing buyers to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. A lot of these homes were found … (0 comments)
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homes: Joliet Illinois Real Estate Market before buying selling a home
- 01/14/10 12:39 PM
With so many questions about the economy and the overall market, its very important to be knowledgeable before making any purchase or sell in real estate. So how does the Joliet IL real estate market look these days? Currently Joliet has a average listing price for homes for sale of $162,728. The Will county average currently is $324,580. The current number of properties on the market in Joliet is 651. The Joliet median listing price is $154,917. For Will county real estate the total listings are 5,170 and a median listing price of $248,450. This compares to Illinois real estate … (0 comments)
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homes: To stage your home or not to stage when selling your home
- 01/11/10 12:56 AM
To stage your home or not to stage when selling your home
Staging your home doesn't have to be expensive, the cost can be as low as $250 to $2,500 or more. Statistics show that 95% of staged homes will sell twice as fast and for 6-10% more money! For an average home, that’s a $30,000 - $50,000 increase in sale price. With this kind of windfall, how can you afford not to invest in home staging? What matters the most is removing the clutter that may exist, emphasizing as much space as you can in your home, and creating … (5 comments)
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Should I Rent Out My House or Sell It?
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