Homeowners are likely to see an increase in their monthly mortgage payments if their current mortgage is insured by the Federal Housing Administration (FHA). FHA the primary source of mortgages for first-time homebuyers says it needs to increase fees to stabilize its finances which have been depleted due to the foreclosure crisis. FHA does not [...]
Summer Remodeling Ideas Other than vacations, summer is the time of the year most popular for home improvement. The long days and warm, sunny weather make a great time to work on repairs and renovations without much of the hassles and delays that rain and other elements bring. For this reason and more, a good [...]
Five Features to Highlight When Marketing Your Home for Sale this Summer According to a recent survey by ZipRealty, there are some fairly distinctive “must-haves” and “deal-breakers” for home buyers in the current market. For sellers trying to compete in this tough housing market, these findings can help emphasize some of the best features in [...]
Credit Score Urban Legends Debunked When I get married, do my spouse and I get a joint credit score? If I get a raise at work, will my credit score go up? These are common questions asked every day by many Americans because credit scores are seemingly arbitrary numbersand credit reports are lengthy and unintelligible. [...]
Rent or Buy A Home In 2010? First time home buyers have a lot to consider this summer when making the decision to rent or buy a home: interest rates are at all-time lows, there’s still plenty of housing stock and prices are at or near their lowest in years. Still, deciding whether to buy [...]
NAR Grants Help Make Homeownership More Affordable for Working Families Despite today’s tight economy, many areas of the country have not seen a significant drop in their high cost of living. To help meet this critical need for more affordable housing for low- to moderate-income working families, the National Association of Realtors® has awarded more [...]
Home Buying – Step by Step Interview and Select Your Mortgage Professional Interviewing and selecting your Mortgage Professional is the most important step when beginning your home buying process and should be your first step, even before selecting a Realtor. Your Mortgage Professional will carefully review your financial profile and assist in determining how much home [...]
Will a Short Sale Save Your Credit? Stuck in a house you can’t afford or can’t sell for more than you owe on it? Beware the Web, where you’ll see plenty of claims that short sales will save your credit, simple as that. But there’s nothing simple about deciding whether to sell your house in [...]
Coachella Valley Home Sales Rise The latest report from MDA DataQuick shows that home values and sales prices across the Coachella Valley have increased during April and May. This trend continues the consecutive six month increase we’ve seen in positives sales across the valley. The market turnaround is very good for buyers and sellers, said JoAnne [...]
Military families seeking to buy a home can count on a little tax help. The Homebuyers Tax Credit, which provides eligible buyers with a tax credit of $8,000 for first time buyers and $6,500 for repeat home buyers, ended on April 30, 2010 for civilians. However, active duty military or those on extended overseas duty [...]
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Average Home Prices Slip in Coachella Valley
I’ve been reading a lot of information lately about our current market conditions from other REALTORS® who are claiming an increase is sales price and number of homes sold. I would scratch my head and ask where they were getting their numbers. Turns out their numbers are coming from national statistics. Real estate sales are [...]
Mortgage Debt Tax Relief Program Ending Soon
The Mortgage Debt Relief Act of 2007 the IRS would not come after you for your taxable amount if you had an upside-down unpaid principle as a result of loan modification, short sale or foreclosure depending on your tax bracket, let’s say you were $100,000 short on your mortgage you could be responsible for as [...]
Is your REALTOR® connected? No, I don’t mean in the MobWives fashion, if that’s what you thought, you’re watching too much reality TV. As an active Palm Springs REALTOR® I believe it’s important to take advantage of the technology available to today’s real estate professional. Everything that required an agent to go back to the [...]
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