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I found this Ideabook on Houzz.com this morning. If you’ve never been to that website you’re really missing out. But anyway this Ideabook features aerial view of different suburban neighborhoods (“suburban sprawl”) throughout the United States. It’s very interesting to see your neighborhood from a different point of view. You can also see the logic (and in some cases lack thereof) in the design of these subdivisions. More after the jump. Continue reading
This one is pretty simple. Depreciation is the decline in the value of property. According to Realestateabc.com it “is also an accounting term which shows the declining monetary value of an asset and is used as an expense to reduce taxable income. Since this is not a true expense where money is actually paid, lenders will add back depreciation expense for self-employed borrowers and count it as income.” So that’s all we have for today. A simple but very important term to know and understand.
Get out to Old Town Alexandria this weekend and eat your heart out! Go online to make reservations and check out participating restaurants’ menus. Eat where past and present presidents have eaten and maybe even a few future presidents. Choose from a $35 Prix-Fixe 3 course dinner or $35 dinner for 2. Restaurant offers vary. And since I won’t be able to make it this weekend PLEASE take pictures and let me know what your favorite meal was!
You did everything you could to protect your furniture and you even put one of those annoying flimsy plastic drop cloths on the floor. But the kids and pets came in and stepped right in the paint tray. Now they’re tracking foot and paw prints throughout the house! Well now what? Continue reading
We talk a lot about moving here on this blog. It’s a more efficient way for us to help YOU. Typically when you’re moving you’ve known about it for at least 2 weeks. If you have less notice than that then we’re really sorry, but you shouldn’t be reading this blog – you should be packing and moving! Those of you with enough notice should start doing these things to better prepare for your actual move. Continue reading
There are many different types of contingencies that are in place to take the uncertainty out of a home purchase. These contingencies (a.k.a. conditions) must be met before a contract is legally binding. For instance, mortgage contingencies protect buyers in the case that they are unable to secure a specific loan as stated in the contract. If they cannot get the right kind of loan, they can back out and get their earnest money deposit back. Mortgage contingencies also protect sellers. When a buyer can’t get a loan and doesn’t tell the seller by a certain date, the buyer is still obligated to but the home with or without financing. The contingency permits the seller to find a mortgage for the buyer.
Other types of contingencies include the following:
If you take one thing from this post, remember that the wording of a contingency is the most important! Be sure to pay attention to the fine print!
According to Fannie Mae, 43% of the 1,002 Americans surveyed in December expect a rise in home prices. This is a 6% rise from November’s poll. Experts are hoping that this upswing in consumer confidence in the housing industry indicates a boost in home prices during 2013. The senior VP of Fannie Mae, Doug Duncan, predicts that consumer home/rental pricing expectations will encourage buyers to act sooner rather than later which would help the housing market. Although those who believe it’s a good time to sell has dropped slightly since November, it’s still an increase year-over-year. But with the (still) uncertain economic times, Duncan states that consumers “expect their personal finances to worsen and may contribute to weaker near-term economic growth.” In fact the percentage of those who expect their personal finances to worsen is at it’s highest level (20%) since August 2011. Despite these unfortunate findings at least consumers are looking for homes to rent and buy. And as we in the DC area can attest, the market is better here than in most places across the country.
For the original article: http://www.housingwire.com/news/2013/01/07/about-43-americans-expect-home-prices-rise
There’s more to moving out than just moving your belongings to a new home. You also have to clean things – especially if it’s a rental. Gather your scrub brush, bleach, and broom and use this checklist to be sure you’ve thoroughly cleaned and moved out. We’ve organized this checklist by room to help you stay organized. We’re just so nice! Continue reading