Thursday, November 26, 2009
Friday, November 6, 2009
WOOT!

Finally, finally our voices have been heard and today we can celebrate what will prove to be a very important move forward for real estate.
The Senate has unanimously voted 98-0 to extend the first time home buyer tax credit. It passed overwhelmingly in the House,(403-12) and the White House reports President Obama will sign the bill today. Not only was the first time home buyer tax credit extended, a NEW $6,500 tax credit for existing homeowners who have lived in their homes for at least five of the last eight years was added to the bill.
Senator Johnny Isakson (a co-sponsor of the measure) said “this bill will help us boost what is the REAL problem in the U.S housing market today and that is what is called the move-up market." Johnny hit the nail right on the head. The move-up market has been stalled and even though the first time home buyer market was helped along with the initial tax credit it was not enough to move the “middle” market. This “middle” market desperately needed a jump start. And, we got it today.
These tax credits will be available through June 30th of 2010; however, buyers who qualify for either of these credits MUST enter a binding contract before April 30, 2010. The bill also increases the income cap to $125,000 for a single person and $250,000 for a couple. And the credit is available for all homes purchased for $800,000 or less. This is ideal, as it will break up the middle part of the market that is currently stalled.
To make things even sweeter, the bill also provides the jobless with up to 20 weeks in additional unemployment benefits. Thank goodness for the help, since the construction industry was hit very hard by this economic downturn. Thanks really need to go to people like Judy Conti of the National Employment Law Project who blasted Senate and said it was “shameful” that the Senate procrastinated on the unemployment extension issue. Conti said “this bill would provide a lifeline for those who are desperate, who are unemployed for no fault of their own”. With a current unemployment rate of 9.8% this extension comes at the perfect time.
And it gets even better!!! The 24 billion dollar bill will also provide help to struggling businesses that had losses in 2008 and 2009. They would now be able to seek refunds for taxes paid on profits over the past 5 years.
So is it official yet? Almost - we are in the home stretch. The bill is expected to be sent to President Barack Obama for his signature on Friday, November 6th.
Tuesday, October 27, 2009
Remodel before selling?

Despite home price drops in many cities, remodeling projects are holding their own as a way for owners to add value.
Another good reason for that remodel is the fact that buyers are having to put more money down to get a loan, so they are using up their available cash just to get the house. Remodeling loans or second mortgages are hard to come by, consequently, buyers are starting to forego the sweat equity or light remodel homes in favor of completely "done" properties.
So what project should you tackle? Adding a bath to a one-bathroom house, adding a legal bedroom, or putting on a nice, big deck are examples of projects that are really going to help sell your home and make it more liveable. New windows, energy efficient heating and cooling, fresh paint and carpet are excellent. Custom projects that suit your hobbies or personality are a bad idea for a return on your investment. But sprucing up the house so it belongs in the twenty first century is a fabulous idea, and doesn't have to cost an arm and a leg.
My house was built in 1992. It should be in pretty good shape, right? Well, if I were going to put it on the market, I'd have to replace all the carpet, the kitchen appliances are well-used and looking worn, the bathroom faucets are dated, and my kitchen needs a facelift. Last year we replaced all the siding, and installed new windows in the front half of the house and a brand new deck. Things fall apart and if you don't constantly keep up with it, the scope and cost of the projects can be huge. But light fixtures, faucets, paint and great accessories will do wonders.
If your house was built in the 70's or 80's, the style may need some tweaking. Lots of wooden railings, wood paneling and angled vaults? They'll require modern paint colors, great flooring and new railings to step into 2010.
Please check with your Realtor before you install granite counters into granny's 1940 house. Period updates are worth a lot more than a kitchen that looks like it came out of Home Depot, and your Realtor can supply you with photos of other properties that were done right. Nothing is worse than the cost and effort of a bad remodel that doesn't gain you anything in your sale. Let's work on the project together and get you the most bang for your buck.
Monday, October 26, 2009
Saturday, October 24, 2009
For Tracy
Jack's Zucchini Bread
4 eggs
1 1/2 cup cooking oil
3 cups sugar
4 1/2 tsp vanilla
3 cups grated zucchini
4 1/2 cups flour
1 cup chocolate chips or raisins or frozen blueberries
1 1/2 tsp salt
5 tablespoons cinnamon (this is the secret!)
1 1/2 tsp baking soda
1 tsp baking powder
3/4 cups nuts (optional - Jack never uses nuts)
Mix together, pour into loaf pans, bake at 325 degrees for 70 minutes.
Makes 2 large loaves.
This is a large recipe - one for you and one for a friend. The heavy dose of cinnamon is correct, and it makes this recipe different from most. I like it a lot!
Hope you do too!
4 eggs
1 1/2 cup cooking oil
3 cups sugar
4 1/2 tsp vanilla
3 cups grated zucchini
4 1/2 cups flour
1 cup chocolate chips or raisins or frozen blueberries
1 1/2 tsp salt
5 tablespoons cinnamon (this is the secret!)
1 1/2 tsp baking soda
1 tsp baking powder
3/4 cups nuts (optional - Jack never uses nuts)
Mix together, pour into loaf pans, bake at 325 degrees for 70 minutes.
Makes 2 large loaves.
This is a large recipe - one for you and one for a friend. The heavy dose of cinnamon is correct, and it makes this recipe different from most. I like it a lot!
Hope you do too!
Adventures in Babysitting
Favorite clients/friends have a new baby boy. Her sister wondered if I might be up for a two hour babysitting gig while they went out for a birthday lunch. Are you kidding? I would love nothing more than two uninterrupted hours with a newborn. (Sarah, I'm so glad you called me!)
When I got there he was quietly awake, but after a bit.... WAH!

Hm. He didn't like the clear pacifier. Let's try this green one.

I Likey.

So comfy.

He's so smart already. Look at him showing me his pinky!

Rock on! Ok, now I'm getting really sleepy.

I think I'll take a nap for an hour and forty five minutes.

No problemo. I'll just hold you and snuggle you until Mommy gets home.

Ahhhhhh. There's nothing sweeter.
When I got there he was quietly awake, but after a bit.... WAH!
Hm. He didn't like the clear pacifier. Let's try this green one.
I Likey.
So comfy.
He's so smart already. Look at him showing me his pinky!
Rock on! Ok, now I'm getting really sleepy.
I think I'll take a nap for an hour and forty five minutes.
No problemo. I'll just hold you and snuggle you until Mommy gets home.
Ahhhhhh. There's nothing sweeter.
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