5 Expensive (And Unexpected) Things That Can Happen To Your Home

Please check out this list of 5 things by Financial Edge to be aware of and most importantly, how to prevent these expensive items from popping up in your home.

Read more: http://financialedge.investopedia.com/financial-edge/0910/5-Expensive-And-Unexpected-Things-That-Can-Happen-To-Your-Home.aspx?partner=yahoofin#ixzz1W5f1Pzw9

8 Factors That Devalue a Good Home

image

These 8 factors must all be considered when looking at a home purchase, selling your home or if you are considering a remodel. I am always willing to check out these variables “ahead of time” to help you make an informed decision “before” you invest or to help you make the most of your current home.

http://financiallyfit.yahoo.com/finance/article-112746-9669-2-8-factors-that-devalue-a-home?ywaad=ad0035&nc

Local Economic Indicators for Silicon Valley

I always look for “signs of improvement” for my clients and found some interesting economic indicators in the Mercury News. Single-family home sales rose 14% and the median price rose 2.2 %. Other good news included construction development rising 48% in June while filed bankruptcies fell in the same month. 
 
http://www.mercurynews.com/business/ci_18750717?IADID=Search-www.mercurynews.com-www.mercurynews.com

Fall Home Renovation Projects

Need to renovate your home? Below is a list of small renovation projects that you can tackle in the Fall.  If your renovation projects are more intensive and need the use of a professional, feel free to contact me directly to refer you a contractor or to simply give you my opinion of what renovation projects will give you the best return on your investment.

http://financialedge.investopedia.com/financial-edge/0811/Fall-Home-Renovation-Projects.aspx#axzz1W5fFcBHg

The World’s Skinniest House

I wanted to share a house that proves it’s not always the square footage that matters-it’s the floor plan!!!  Check out the full photos of the world’s skinniest house at Archdaily.com. Photo courtesy of centrala.

http://blog.coldwellbanker.com/the-worlds-skinniest-house/

Forget the Market. Buy a House.

Smart Money magazine points out that now is a great time to buy a house, and not simply because of low interest rates.

Although the U.S debt deal passing will probably keep interest rates low, some tax breaks could go away including reducing the mortgage tax deduction.

If you have any questions on how these variables may affect your home sale or purchase, please be sure to contact me directly.

http://blogs.smartmoney.com/advice/2011/08/18/forget-the-market-buy-a-house/

11 fastest-moving real estate markets in July

Here is an interesting and important statistic showing how long homes stay on the market.  San Jose, San Francisco and Oakland are all on this Realtor.com report of “fastest moving markets” when measured by total days on the market. 

Of course, within each area some neighborhoods and price ranges move faster than others, so feel free to contact me regarding your particular area of interest.

http://ht.ly/6aQYK

Homes and Hope: Coldwell Banker teams up with Habitat for Humanity

I wanted to let all my clients know about this very worthy cause that my company, Coldwell Banker, is proud to help raise funds for.

Coldwell Banker is once again partnering with Habitat for Humanity.  Over the past 12 years, Coldwell Banker’s foundation has raised more than $2.1 million for Habitat for Humanity.  You can read more details in the Mercury News Article here.

Here is the direct link to the Homes And Hope website: http://coldwellbankerhabitat.com/

Mortgage Rates Lowest in Over 50 Years

Fixed and adjustable rate loans just reached all-time record lows providing further incentive for those thinking of buying a home and homeowners looking to refinance. The 30-year fixed averaged 4.15 percent, breaking the previous record low of 4.17 percent set November 11, 2010.

This was reported by Freddie Mac, which  supports communities across the nation by providing mortgage capital to lenders.

http://freddiemac.mediaroom.com/index.php?s=12329&item=51053

Mortgage rates keep falling: 30-year nears record low

I am seeing an interesting trend as potential home buyers are looking at mortgage rates near record lows.  Buyers in many areas, whether entry-level or mid-level homes, are facing “competition” from other buyers eager to take advantage of great interest rates. 
What are your thoughts on these low rates?

http://money.cnn.com/2011/08/11/real_estate/mortgage_rates_record/index.htm