Davenport, Iowa: Market Report For November!

	Quad Cities Favorite REALTOR® Lucky Lang November 2009 Call Lucky for all of your Davenport, Iowa and surrounding Quad Cities Real Estate needs at (563) 676-9031 Copyright © 2009 Realty Times All Rights Reserved. Vital Information For First-Time Buyers   The first-time homebuyer Federal tax credit for $8000, record-low interest rates, and nationwide median home prices dropping to the lowest point in five years, makes this an enticing time to consider buying a home. By the way, that tax incentive isn't truly just for first-time buyers -- it's defined as those not having owned a home in the last three years. Research and knowing your options are critical. Check with your tax accountant for more details. It's increasingly likely that Congress will extend and expand the popular home buyer tax credit, which will expire at the end of this month. Mortgage Rates U.S. averages as of October 29, 2009: 30 yr. fixed:   5.03% 15 yr. fixed:   4.46% 1 yr. adj:        4.57% 30 yr. jumbo:  6.98% View current rates       According to an article in August in the Raleigh News & Observer, 10.8 percent of buyers are motivated to buy due to Federal and state tax incentives. So far only 1.14 million buyers have filed CONTINUED >>> Wondering What Your Home Is Worth? Let me show you. Relieving the Stress of Packing      Packing can be stressful time for every member of the family. To ensure that your move goes as smoothly as possible, try the following tips!       Pack a "Red Box"       Since one in five American families moves every year, that means 22 million families may be searching for their TV remote controls!       One of the pitfalls of packing for a move is you can't always anticipate what you'll need when you arrive at your new home, and movers typically list only the obvious such as dishes, glasses, bedding, etc. The miscellaneous items you need in the first few hours invariably wind up on the bottom of a random box.       To start, you may want to create your own "red box" as some moving companies ("Removers") do in Great Britain. This is the last box loaded and the first one off the truck. The one universal item in the red box is the tea kettle (perhaps this would be the coffee maker in the U.S.). This is also the place CONTINUED >>> Making Your Home Age Appropriate Creates Appeal      All of us have something in common with our homes. Sure, style, design, and location are at the top of the list, but how about age? As we age, buyers, especially the baby boomer generation, are looking to transform their homes into a place that they can stay in for as long as possible or they're hoping to find one that's already equipped for them to age-in-place.       So how old your home and you are, are reason to give some thought to if your home needs age-appropriate adaptation in order for you to be most comfortable. And, in doing so, you may actually make your home more valuable to a wider audience of buyers, should you ever sell it.       According to the National Homebuilders Association, making a home suitable for the golden years is economicaly sound. The baby boomer generation (77 million people) makes up 28 percent of the U.S. population. Assisted living for this generation can cost more than $60-thousand per year, not counting moving expenses.       That's pretty pricey. So, if you've taken some steps to make your home an age-in-place sanctuary, then make sure you highlight those renovations if you ever CONTINUED >>> Read My Blog!!! You can find many great Davenport real estate agents and loan officers on ActiveRain.com Lucky Lang is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business. Is Your Home Wired Properly?      We all know that as things age, they often need replacing but sometimes homeowners neglect to take care of their home's electrical wiring and that can set them up for potential danger. Electrical consumption since the middle of the last century has increased in most homes on average about 400 percent.       If you're tripping your main safety circuit box that could be a sign that you're overloading the electrical outlets and an indication that an electrical contractor should examine your wiring. Oftentimes, homes are renovated several times without any electrical wiring updated. Yet, this is a part of the house that can cause huge problems if it isn't kept up-to-date. CONTINUED >>> Local Market Conditions Daily News and Advice Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday. More Articles November Round Up: Rates Stay Flat Real Estate Investment Buying Tips Remodelers Help Homeowners Lower Heating Costs with Weatherization Programs Extending Homebuyer Tax Credit Best Tool for Sustaining Housing Recovery Lucky Lang, REALTOR®,SRES® E-mail: Lucky6769031@gmail.com Web: http://www.LuckyLang.com (563) 676-9031 Mel Foster Co. (563) 823-2213 3211 E 35th St. Ct. Davenport, IA 52807 Equal Housing Opportunity

LUCKY LANG, QUAD-CITIES FAVORITE REALTOR^®

Lucky Lang, SRES®

Licensed in Iowa & Illinois

Mel Foster Co., Inc., 3211 E. 35th Street Ct., Davenport, IA 52807-2585

Cell: (563) 676-9031 Fax: (563) 459-6720 Toll Free: (800) 791-8132 Ext. 2213

LuckyLang.com

Don't let this great Real Estate buying opportunity pass you by!!!