
Spring is here, and that means blooming flowers, green grass and the return of yard work. If you are selling your home during the warm weather seasons ahead, it is important to spend some time sprucing up your home's exterior.
The goal in creating a well-kept yard is to give potential buyers a positive first impression, while also making them feel that your property is easy to maintain. The following tips can help achieve these objectives:
The news this week has been filled with increasing evidence that the housing market, and economy in general, may be stabilizing. On a local level, we are seeing a renewed interest in real estate. For example, the average attendance at Weichert Open Houses recently hit its highest level since March 2007.
Both homebuyers and sellers should be encouraged by the following reports and statistics that have made the headlines:
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Record Low Interest Rates And Tax Credit Incentives Make It Worth Buying Now! Ask About Our Credit Counseling To Help Boost Your Score To Buyer Status!
Owning a home invokes more than a sense of pride and freedom. It is also a long-term investment opportunity. With tax season in full swing, it is a great time to speak to your tax advisor about the tax advantages associated with homeownership.
Some of these benefits include:
· Reduce your taxable income: On your itemized income tax return, you may be able to deduct mortgage interest payments, property taxes and points paid to lower your loan's interest rate.
· Take advantage of new tax laws: The recent stimulus package included new tax laws such as an $8,000 tax credit for many first-time buyers, the elimination of a penalty for short sellers with forgiven mortgage debt, and the ability for certain homeowners to contest property taxes.
· Lower tax on capital gains when you sell: When you sell your home, you will not have to pay federal income tax on capital gains of up to $500,000 for a married couple and $250,000 if you are single. This applies to the sale of a principal residence owned and occupied for at least two of the last five years.
You may also want to register for our "Know When Opportunity is Knocking" seminar taking place in many Weichert offices on Saturday, Mar. 21, at 11:00 a.m. A tax professional will be in attendance to explain the new $8,000 first-time buyer tax credit and speak about the tax benefits that come along with owning a home. Call Us For Details!
Real Estate Trend Indicator - <$30K to >$500K Format
Frederick County, MD
From: 02/01/2009 to 02/28/2009 Statistics generated on: 03/06/2009
|
Residential |
Active Listings |
Time on Market |
||||||
|
Price Class |
2 |
|
4 |
Condo |
Residential |
Condo |
of Units Sold |
|
|
Under $30,000 |
0 |
0 |
0 |
0 |
0 |
0 |
1 -30 Days |
21 |
|
$30,000-$39,000 |
0 |
0 |
0 |
0 |
0 |
0 |
31-60 Days |
11 |
|
$40,000-$49,999 |
0 |
0 |
0 |
0 |
1 |
0 |
61 - 90 Days |
6 |
|
$50,000-$59,999 |
0 |
0 |
0 |
0 |
0 |
0 |
91-120 Days |
16 |
|
$60,000-$69,999 |
0 |
0 |
0 |
0 |
1 |
0 |
Over 120 Days |
57 |
|
$70,000-$79,999 |
0 |
0 |
0 |
0 |
2 |
0 |
Total |
111 |
|
$80,000-$89,999 |
0 |
0 |
0 |
1 |
5 |
3 |
||
|
$90,000-$99,999 |
0 |
1 |
0 |
0 |
10 |
2 |
Type of Financing |
|
|
$100,000-$119,999 |
0 |
4 |
0 |
0 |
32 |
6 |
||
|
$120,000-$139,999 |
1 |
6 |
0 |
2 |
50 |
7 |
Conventional |
46 |
|
$140,000-$159,999 |
0 |
3 |
1 |
3 |
67 |
15 |
FHA |
43 |
|
$160,000-$179,999 |
0 |
4 |
2 |
3 |
78 |
24 |
VA |
8 |
|
$180,000-$199,999 |
1 |
3 |
1 |
0 |
102 |
32 |
Assumption |
5 |
|
$200,000-$249,999 |
0 |
19 |
9 |
1 |
240 |
7 |
Cash |
9 |
|
$250,000-$299,999 |
0 |
10 |
6 |
1 |
243 |
8 |
Owner Finance |
0 |
|
$300,000-$399,999 |
0 |
3 |
13 |
0 |
364 |
6 |
All Other |
0 |
|
$400,000-$499,999 |
0 |
0 |
7 |
0 |
221 |
3 |
Unreported |
0 |
|
Over $500,000 |
0 |
1 |
5 |
0 |
261 |
8 |
Total |
111 |
|
Totals |
2 |
54 |
44 |
11 |
1677 |
121 |
||
|
Grand Totals |
111 | 1798 |
|
|
www.HomesByRobandJeannie.com - MLS Resale Data
Information deemed reliable, but is not guaranteed.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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