More Affordable Home Buying Through Low Rates

March 5, 2010
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The results of the Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.97 percent with an average 0.7 point for the week ending in March 4, 2010, down from last week when it averaged 5.05 percent is released. Last year at this time, the 30-year FRM averaged 5.15 percent.

The 15-year FRM for this week averaged 4.33 percent with an average 0.7 point, down from last week when it averaged 4.40 percent.

The 5-year Treasury-indexed fusion adjustable-rate mortgage (ARM) averaged 4.11 percent this week, with an average 0.6 point, down from last week when it averaged 4.16 percent. A year ago, the 5-year ARM averaged 5.08 percent.

The…

The Top Five Tips for Green Architecture

March 4, 2010
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Going “green” is all the rage and it is no wonder. The benefits of being environmentally aware transcends to saving the planet in unexpected ways. By being “green” we often see instant benefits by the money we save. The use of “green architecture” when building and remodeling is no exception.

Find the top five tips for green architecture below:

1. Recycled materials

There are no limits to the recycled materials that can be used in green architecture designs. Domesticated wood can be used for flooring, trim and exposed wood ceilings. Recycled rubber tire chips can be used in landscaping. Even broken glass fragments are being used inside walls for insulation.

2. Solar panels…

Higher Purchasing Power Through Previously Owned Real Estate

March 4, 2010
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The phrase “one man’s loss is another man’s gain” is true to the present economic situation. Unfortunately, many people have lost jobs, been laid off, had salaries slashed and the likes. One of the major aftermaths of this current situation has been the foreclosure of a larger number of homes. Undoubtedly, this is very tragic for the individuals who have suffered this loss, but it is also a bright spot for people who are looking to purchase a home.

What is a real estate owned property? It is a property owned by some sort of lending institution such as a mortgage company or a bank that was not able to be…

Moving Out? Here are Some Tips on How to Pack for a Move

March 2, 2010
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Are you planning to move out your present house? Take the burden out of packing through making it very manageable.

Start early in packing so that you are not rushed to get it done before the big moving day comes. Make sure that you have quality packing materials to work with. The boxes should be strong and durable. Use durable tape to reinforce the bottoms and to seal the tops when you are already done.

For items that can be broken you want to use lots of packing materials. You can use newspaper, bubble wrap, towels and other items to ensure nothing will be broken when unpack at your new destination. Clearly…

The Top Five Inexpensive U.S. Housing Markets

March 2, 2010
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According to a recent joint report by the National Association of Home Builders and Wells Fargo, there are more than 70 percent of U.S. homes are inexpensive, with Indianapolis being the most inexpensive major metro housing market in the country for the last four years.

“The HOI [Housing Opportunity Index] showed that 70.8 percent of all new and existing homes sold in the final quarter of 2009 were affordable to families earning the national median income of $64,000, slightly higher than the previous quarter and near the record-high 72.5 percent set during the first quarter of 2009, according to a press statement from the National Association of Home Builders.”

The yearly record…

Keep Your Bathroom Fresh While Staging your Home for Sale

February 26, 2010
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Realtors observe lots of bathrooms - of all shapes, sizes, and conditions. Some bathrooms have themes and some have style. Some need lots of work and some need a good cleaning.

Even though individual styles and looks vary greatly in bathrooms, everyone agrees on one thing: they need to smell clean and fresh. What’s the secret?

1. Start with a thoroughly clean bathroom. Clean smells clean. Now that you have it clean, keep it that way.

2. Try continuous products. Try some of those little toilet bleach tabs. Flush the toilet, pull top of the toilet back and drop the little tab just like it tells you on the package. Now carefully put…

The New Construction Techniques

February 24, 2010
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The advancement of the new construction techniques evolved together with the new materials, possible for its development if it is not associated with it. For instance, large glass panels could not have been used in the eighteenth century even if they had been available. No large-span lintel-support back then. Both new materials and new techniques are developed to be able for the architects to be free to design. Today’s structures are usually a combination of old and new skeleton-frame, curtain wall and cantilevered constructions are good examples of old post-and-lintel.

The skeleton frame is one of the first techniques developed. It employs modern materials. It is an open frame to which a…

Vacant Houses and Apartments Really Do Not Sell

February 22, 2010
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It has been a mistake of always thinking that a vacant house or apartment sell the fastest. Well, it does not most of the time.

According to the Real Estate Staging Association (RESA) in a 2008 survey, vacant homes that were for sale spent 131 days on the market compared with occupied homes which spent 106 days on the market.

The survey also revealed that vacant homes that were staged with furniture and decorative accessories spent 85% less time on the market than un-staged vacant homes.

Why must a vacant property be staged by a professional home stager?

There are many reasons and here are those:

-Only 10% of buyers can see beyond emptiness and…

Does Remodeling Homes Make Big Cash?

February 19, 2010
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Over the years, you have heard stories about homeowners who have greatly improved their net worth by remodeling homes and selling them. However, while remodeling can add value, there is no guarantee that a future buyer will pay you enough to get back your investment.

Mull over the example of a homeowner who lost his home in the Oakland Hills, California, through a firestorm in 1991. Rather than rebuilding, this fire victim decided to buy an existing replacement home. He invested his insurance proceeds in the purchase and subsequent remodel of the property. When he decided to sell the property several years later, he barely recouped the money he had invested…