Under $100,000 - 11 Units
$100,000 - $150,000 - 11 Units
$150,000 - $200,000 - 8 Units
$200,000 - $250,000 - 10 Units
$250,000 - $300,000 - 4 Units
$300,000 - $350,000 - 1 Unit
$350,000 - $400,000 - 3 Units
$400,000 - $450,000 - 3 Units
$500,000 & Up - 2 Units
A Total of 53 Homes Sold in the Liberty Reece & Nichols office in July 2010!
Friday, August 20, 2010
Friday, July 16, 2010
More Time for Tax-Credit Deals?
Slow-moving short sales have made it impossible for many buyers to meet the June 30 closing deadline to qualify for the government tax credit.
So it was a relief when a bill was introduced in the Senate in June to extend the closing deadline to Sept. 30 for contracts that were already in place.
As many as 180,000 households could benefit if the bill passes, NAR estimates.
Meanwhile, members of the military, intelligence agencies, and the Foreign Service who spent at least 90 days overseas last year have until the end of April 2011 to get a contract in writing in order to qualify for the tax credit.
Source: www.REALTOR.org/realtormag
So it was a relief when a bill was introduced in the Senate in June to extend the closing deadline to Sept. 30 for contracts that were already in place.
As many as 180,000 households could benefit if the bill passes, NAR estimates.
Meanwhile, members of the military, intelligence agencies, and the Foreign Service who spent at least 90 days overseas last year have until the end of April 2011 to get a contract in writing in order to qualify for the tax credit.
Source: www.REALTOR.org/realtormag
Monday, July 12, 2010
Liberty RAN Office stats June 2010
Below are the number of units and their price ranges. We had a good month considering no more tax credit. : ) We sold 69 units! Go Liberty office!
$0 - $100,000 16 units
$100,000 - $150,000 12 units
$150,000 - $200,000 11 units
$200,000 - $250,000 8 units
$250,000 - $300,000 7 units
$300,000 - $350,000 6 units
$350,000 - $400,000 1 units
$400,000 - $450,000 2 unit
$550,000 - $600,000 3 units
$750,000 - $800,000 2 unit
$1,075,000 1 unit
$0 - $100,000 16 units
$100,000 - $150,000 12 units
$150,000 - $200,000 11 units
$200,000 - $250,000 8 units
$250,000 - $300,000 7 units
$300,000 - $350,000 6 units
$350,000 - $400,000 1 units
$400,000 - $450,000 2 unit
$550,000 - $600,000 3 units
$750,000 - $800,000 2 unit
$1,075,000 1 unit
Thursday, July 1, 2010
Tax Credit Closing Deadline Extended
After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create a seamless extension the new closing deadline for eligible transactions is now September 30, 2010. There is will be no gap between June 30 and the date the President signs the bill into law. NAR worked closely with Congressional leaders on both sides of the aisle to enact this important legislation.
Monday, June 28, 2010
How to Spruce up your Home so it Sells for MORE!
Before selling your home you should take a fix-it inventory of your house to see what needs to be done to prepare the house for sale. After all, you may be okay with the worn spot in the carpet in the den, but your buyer may not.
Fix-ups don't have to be expensive. Below are a couple suggestions that you can handle when you're pressed for time and money. It’s always best to take care of these as soon as possible, before you’re ever considering the sale of your home.
* BATHROOM: This room is the one that can be rejuvenated for the least amount of money. A new medicine cabinet, for instance, with better lighting and larger storage capacity can give your bathroom a complete new look. Cost:$150 or less.
The shower is for more than just keeping the dirt off. It also provides a wake-up call, gives you relaxation and a place for pure, hot satisfaction. A new shower head can do wonders. You may find that in one house the water pressure is so high that it can literally throw you up against the wall. Or, perhaps worse yet, a water pressure so low that you have to run around in the shower to get wet. A replacement shower head complete with four settings) may cost $39 or less and takes less than 10 minutes to install.
If you're in a 25 to 30-year-old home, more than likely you have those pseudo-chrome-plated towel racks that are more fitting to a gymnasium than a home bathroom. Towel racks run as low as $10 and can help you refit the whole look.
With these few changes in the bathroom, this part of the house is ready for when you want to sell, and you'll even get a chance to enjoy the new look before you hand over the keys to new owners.
* PAINTING: Applying anew coat of paint to the interior can do wonders for the look and feel of your house. Painting is one of the most inexpensive makeovers, yet one of the most effective. A couple of cans of good paint run about $50. Additional equipment (brushes, rollers, drop-cloths, etc.) will cost between $30 and $50, and, in a day, you've given one of your rooms a complete new look.
Every homeowner ought to budget the time and money to paint the exterior on a regular basis. Painting your house every two to three years keeps the exterior in good condition and provides you with the opportunity to inspect more closely the parts of the house you normally would not get access to on a regular basis, such as the eaves and overhangs.
While it would be difficult to paint the whole house for under $200, try attacking the trim first. With a couple of cans of paint, you could probably take care of the shutters and door. A fresh coat of paint on these items does wonders for the look of the rest of your house. In addition, who says you have to paint the whole house at once, anyway?
These are just a couple of things you can to spruce up your house. You’ll be surprised at how a quick fix here and there will make your house look almost new again!
Fix-ups don't have to be expensive. Below are a couple suggestions that you can handle when you're pressed for time and money. It’s always best to take care of these as soon as possible, before you’re ever considering the sale of your home.
* BATHROOM: This room is the one that can be rejuvenated for the least amount of money. A new medicine cabinet, for instance, with better lighting and larger storage capacity can give your bathroom a complete new look. Cost:$150 or less.
The shower is for more than just keeping the dirt off. It also provides a wake-up call, gives you relaxation and a place for pure, hot satisfaction. A new shower head can do wonders. You may find that in one house the water pressure is so high that it can literally throw you up against the wall. Or, perhaps worse yet, a water pressure so low that you have to run around in the shower to get wet. A replacement shower head complete with four settings) may cost $39 or less and takes less than 10 minutes to install.
If you're in a 25 to 30-year-old home, more than likely you have those pseudo-chrome-plated towel racks that are more fitting to a gymnasium than a home bathroom. Towel racks run as low as $10 and can help you refit the whole look.
With these few changes in the bathroom, this part of the house is ready for when you want to sell, and you'll even get a chance to enjoy the new look before you hand over the keys to new owners.
* PAINTING: Applying anew coat of paint to the interior can do wonders for the look and feel of your house. Painting is one of the most inexpensive makeovers, yet one of the most effective. A couple of cans of good paint run about $50. Additional equipment (brushes, rollers, drop-cloths, etc.) will cost between $30 and $50, and, in a day, you've given one of your rooms a complete new look.
Every homeowner ought to budget the time and money to paint the exterior on a regular basis. Painting your house every two to three years keeps the exterior in good condition and provides you with the opportunity to inspect more closely the parts of the house you normally would not get access to on a regular basis, such as the eaves and overhangs.
While it would be difficult to paint the whole house for under $200, try attacking the trim first. With a couple of cans of paint, you could probably take care of the shutters and door. A fresh coat of paint on these items does wonders for the look of the rest of your house. In addition, who says you have to paint the whole house at once, anyway?
These are just a couple of things you can to spruce up your house. You’ll be surprised at how a quick fix here and there will make your house look almost new again!
Thursday, June 24, 2010
Liberty RAN Office stats - May 2010
Below are the number of units and their price ranges. We had an incredible month! We sold 106 units, Over $18 Million! Go Liberty Office!
$0 - $100,000 21 units
$100,000 - $150,000 30 units
$150,000 - $200,000 22 units
$200,000 - $250,000 18 units
$250,000 - $300,000 4 units
$300,000 - $350,000 5 units
$350,000 - $400,000 2 units
$400,000 - $466,000 1 unit
$466,000 - $470,000 2 units
$470,000 - $570,000 1 unit
$0 - $100,000 21 units
$100,000 - $150,000 30 units
$150,000 - $200,000 22 units
$200,000 - $250,000 18 units
$250,000 - $300,000 4 units
$300,000 - $350,000 5 units
$350,000 - $400,000 2 units
$400,000 - $466,000 1 unit
$466,000 - $470,000 2 units
$470,000 - $570,000 1 unit
Thursday, June 17, 2010
FHA Appraisals vs. Conventional Appraisals
What makes FHA appraisals different than conventional?
FHA loans have become popular again so it is important to understand the increased scrutiny in the FHA appraisal process compared to convention loans.
FHA appraisals are good for three months and stay with the house regardless of the Lender or the borrower. There is no "retyping" necessary for an FHA appraisal.The appraiser must be on the FHA roster and an FHA case number must be issued BEFORE the appraisal can be scheduled.
One of the major differences between a regular inspection and an FHA inspection is that a property inspection will involve and in-depth visual inspection of all areas of the subject property, including the attic. It is always advisable for the lender to inform the homeowner of this requirement. The appraiser must inspect the attic, even if access is available only through a scuttle.
Another major difference from a conventional loan appraisal is that for an FHA appraisal, the appraiser must report any deficiencies noted during the inspection. Required FHA repairs (deficiencies) are those that impact the safety of the occupants, the security of the property or the soundness of the structure. In cases where such items are identified, it is the appraiser's responsibility to make the value opinion of the property "subject to" the repair of the item. Such appraisals that mandate a repair item will then require a compliance inspection to ensure the deficiency has been corrected.
While potential repairs do cause a delay to the transaction, they are essential in order to eliminate conditions that threaten the physical security of the property. FHA appraisals, however, are no guarantee that the property is free from defects; the appraisal only establishes the value of the property for mortgage insurance purposes. In fact, buyers are generally encouraged to engage a qualified home inspector to obtain a more detailed physical (rather than visual) property inspection.
A general list of additional checks for an FHA appraisal are:
***Identify any chipping, peeling or cracked lead-based paint - interior and exterior
***Verify there are no issues with water damage or drainage
***Insure proper ingress and egress (18") from all buildings to the lot line.
***Test for a properly working heater and, if present, air conditioner
***Test for adequate water pressure and no water leaks
***Validate every bedroom has exterior access
***Test for a working oven hood/fan (carbon monoxide danger)
***Verify a minimum 60 amp electric box
***Test for working electric outlets in every room
***Identify any exposed wiring or missing electric box cover plates
***Verify roof vents are screened and a maximum of three layers of roofing material
***Complete a head and shoulder inspection of attic and crawl space
Thanks to Platte Valley Bank for providing this useful information today!
FHA loans have become popular again so it is important to understand the increased scrutiny in the FHA appraisal process compared to convention loans.
FHA appraisals are good for three months and stay with the house regardless of the Lender or the borrower. There is no "retyping" necessary for an FHA appraisal.The appraiser must be on the FHA roster and an FHA case number must be issued BEFORE the appraisal can be scheduled.
One of the major differences between a regular inspection and an FHA inspection is that a property inspection will involve and in-depth visual inspection of all areas of the subject property, including the attic. It is always advisable for the lender to inform the homeowner of this requirement. The appraiser must inspect the attic, even if access is available only through a scuttle.
Another major difference from a conventional loan appraisal is that for an FHA appraisal, the appraiser must report any deficiencies noted during the inspection. Required FHA repairs (deficiencies) are those that impact the safety of the occupants, the security of the property or the soundness of the structure. In cases where such items are identified, it is the appraiser's responsibility to make the value opinion of the property "subject to" the repair of the item. Such appraisals that mandate a repair item will then require a compliance inspection to ensure the deficiency has been corrected.
While potential repairs do cause a delay to the transaction, they are essential in order to eliminate conditions that threaten the physical security of the property. FHA appraisals, however, are no guarantee that the property is free from defects; the appraisal only establishes the value of the property for mortgage insurance purposes. In fact, buyers are generally encouraged to engage a qualified home inspector to obtain a more detailed physical (rather than visual) property inspection.
A general list of additional checks for an FHA appraisal are:
***Identify any chipping, peeling or cracked lead-based paint - interior and exterior
***Verify there are no issues with water damage or drainage
***Insure proper ingress and egress (18") from all buildings to the lot line.
***Test for a properly working heater and, if present, air conditioner
***Test for adequate water pressure and no water leaks
***Validate every bedroom has exterior access
***Test for a working oven hood/fan (carbon monoxide danger)
***Verify a minimum 60 amp electric box
***Test for working electric outlets in every room
***Identify any exposed wiring or missing electric box cover plates
***Verify roof vents are screened and a maximum of three layers of roofing material
***Complete a head and shoulder inspection of attic and crawl space
Thanks to Platte Valley Bank for providing this useful information today!
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