Cost Benefit Analysis

December 30, 2008 More Information, News & Updates No Comments

homerefinanceThe verdict for the real estate industry is bleak due to the downed economy. The federal government has tried to do its part but the problem is just too big and too hot for them to solve single-handed. Major companies declaring or predicting billion dollar losses, banks holding onto their cash and many other economic issues that may take quite a while to fix.
President Elect Obama is in for the run of his life, for after the inauguration, he’ll be in for a fight. The problems the American people are facing is huge so his ambition should also be huge and backed by action. The collapse of the sub-prime lending market contributing to the losses of homes due to foreclosures, adding the strain of lost jobs, what an ugly sight. Hope the change he promises is enough to reform and revive the faltering American Dream.

Re-makes Selling Better Than Homes

December 30, 2008 Information, More Information, News & Updates, Tips, Trends No Comments

kitchenremodelRenovated homes that have been improved on by the owners are selling better than empty homes due to the market slump. Improvements used to be a way of jacking up the price which might be good for the seller but disadvantageous for the buyer who had to pay for all improvements done in the final price. With house prices that are so low, improvements have become the selling point belittling the value of the property itself.
Nice and shiny kitchens and baths have long lured people into getting the value they want from homes and having them in a house they intend to buy lessens the strain of having to get it done before they move in. Be sure all work is well documented with amendments to the original plans in place so you don’t end up dealing with nuances later.