June 2014

Found 22 blog entries for June 2014.

housemoney_volff_450zillow.com - Even as the share of all-cash sales falls in many areas, it’s pretty clear that cash is still king, especially at the lower end of the market. This makes it more difficult for traditional buyers to compete with cash offers, especially in a tight inventory environment. So who are these cash buyers, and where are they located?

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blockhouse_denis-yulia-pogostins__450money.cnn.com - According to a report released Thursday by Harvard's Joint Center for Housing Studies, as the economy shows signs of improvement, by 2025 Millennials could form 24 million new households and spur a huge comeback in the U.S. real estate market.

The report also found that, traditionally, the number of young people who buy homes increases as their incomes grow. Recently, hiring of Millennials has improved as the economy heals. If the trend continues, parents of Milennials could soon become empty-nesters.

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Photo:©[Denis Yulia Pogostins]/123RF.COM

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menhouse_sellingpix_450Before purchasing a new home, it is important to nosy around the neighborhood. You must have questions to ask neighbors in the area before you decide if the house is right for you.

Potential homebuyers don’t spend nearly enough time thoroughly examining the neighborhood by getting out of their cars and talking to the neighbors.

1. Ask about the house  2. Find out about the neighborhood vibe  3. Determine if the area is kid-friendly  4. Rate your experience

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housekeys_voronin_450bloomberg.com - Americans snapped up previously owned homes in May in the biggest monthly sales gain in almost three years, a sign the residential real estate market is regaining its footing after a stumble early in the year.

Purchases climbed 4.9 percent, the biggest increase since August 2011, to a 4.89 million annualized rate, figures from the National Association of Realtors showed today in Washington. The level was the strongest since October. The report also showed price appreciation is slowing as more homes become available.

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Photo:  ©[Voronin]/123RF.COM

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housemoney_volff_450homes.yahoo.com - When it comes to housing, you may be surprised to find that the cheaper option is to buy rather than rent.

Buying a home might seem like a huge expense, so it's easy to convince yourself that you'll be stuck renting for the rest of your life. But in many cases, getting a mortgage can turn out to be a lot cheaper than what you would spend paying rent month after month.

In fact, a recent study by real estate site, Trulia, shows that "homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas." In fact, buying a home is about 38 percent cheaper than renting, according to the study.

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Photo:  ©[Volff]/123RF.COM

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houseinhand_voronin_450realtor.com - When you are ready to sell your home you are probably focused on your potential profits, particularly if you plan to buy another home with the proceeds from the sale.

While REALTOR® commissions and other closing costs will impact how much you keep from the transaction, fortunately, if you’re like most sellers, you won’t have to pay a capital gains tax on your federal income tax return on profits up to $250,000 or $500,000 depending on how you file your taxes.

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construction_adamvilimek_450realtor.com - Every home has shortcomings, even that adorable cottage you swooned over at first sight or that house with the majestic views you can still picture with your eyes closed.

It did have the bathroom tiles that were wiggling loose. Its closets were smaller than you had hoped. The weeds in the backyard needed to be whacked. And its water heater seemed to be making strange noises.

But which shortcomings can you deal with, and which ones are deal-breakers?

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Photo: ©[Adam Vilimek]/123RF.COM

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houseonmoney__voronin76_450realtytimes.com - Your home is listed on the Multiple Listing Service (MLS) and the sign goes up in your front yard. Now what? Sit back and let the offers roll in. Of course, that's what every seller wants but that's not always what happens.

So, let's rewind a bit and see what can be done to make buyers want your home. The steps you take before you actually put your home on the market can help to ensure interest in your home.

Start by creating a "buy-me-now" attitude. How's that done?

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livingroom__karammiri_450_01zillow.com - Whether you’re a new home buyer or longtime homeowner you’re likely familiar with the lackluster ambiance of an outdated room. It’s challenging to determine which interior design element causes that undesirable feeling. Is the space insufficiently lit, overwhelmed by hardwood accents, flooded by a dusty odor or cloaked in an old-fashioned color scheme?

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photo:  ©[Karam miri]/123RF.COM

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