How much is your home worth? Well, it all depends where you live.
The real estate market is still shaking. New data suggests that home prices have hit a new record low. In every new study that comes out, homeowners from Miami, to Las Vegas, Phoenix and Los Angeles, have seen their home value go lower every time. Is that disappointing? Of course it is. Should we sell? Is not a good time. Should we stick to it? Yes, if you can. Have we hit bottom? Nobody knows.
Banks are facing their worst foreclosure crisis. Don’t take me wrong, it’s good if you are in the market to buy a home for yourself or if you are an investor, but if you are not, and you own a home, most likely the value of your property is down at least 15 %.
Why do banks care if you are loosing your home? By having to sell repossessed homes, banks have to literally slash their prices down. It gets very costly for them, after all, they have to pay property taxes, maintenance costs, and whatever utilities that need to be paid, all of this expenses for a house that it’s just sitting there, vacant, and the bank is getting nothing in return.
The latest study by the S&P/Case-Shiller Home Price Index of 20 cities, revealed the news that for 22 consecutive months home prices dropped. Only from April to May, 2009 the decline was of 0.9 %
I think that prospective customers should consider a number of things before selecting a home remodeling contractor including: Protect yourself against shoddy workmanship with a warranty designed for this purpose. Remember, however, that a warranty is only as strong as the company that offers it.
For more information about home remodeling and home remodeling contractors visit www.republicwest.com
These are all great ways to increase your home's value. I just replaced my windows and my energy bills have gone down too. A new roof can be important. I am researching this right now. I was surprised that even if your roof isn't leaking, without the right ventilation it can make a lot of excess moisture for your home. Here is a great resource for info on windows, roofs and other exterior improvements. Check out their learning center. www.energyswingwindows.com
Replacing windows is an improvement that many wouldn't have originally thought of. With the wide variety available, new windows can help the curb appeal as well as the first impression others have of your house. When they pay for themselves in five years and help with insulation, everybody should keep their windows up to date.
5 comments:
How much is your home worth? Well, it all depends where you live.
The real estate market is still shaking. New data suggests that home prices have hit a new record low. In every new study that comes out, homeowners from Miami, to Las Vegas, Phoenix and Los Angeles, have seen their home value go lower every time.
Is that disappointing? Of course it is.
Should we sell? Is not a good time.
Should we stick to it? Yes, if you can.
Have we hit bottom? Nobody knows.
Banks are facing their worst foreclosure crisis.
Don’t take me wrong, it’s good if you are in the market to buy a home for yourself or if you are an investor, but if you are not, and you own a home, most likely the value of your property is down at least 15 %.
Why do banks care if you are loosing your home? By having to sell repossessed homes, banks have to literally slash their prices down. It gets very costly for them, after all, they have to pay property taxes, maintenance costs, and whatever utilities that need to be paid, all of this expenses for a house that it’s just sitting there, vacant, and the bank is getting nothing in return.
The latest study by the S&P/Case-Shiller Home Price Index of 20 cities, revealed the news that for 22 consecutive months home prices dropped. Only from April to May, 2009 the decline was of 0.9 %
I think that prospective customers should consider a number of things before selecting a home remodeling contractor including: Protect yourself against shoddy workmanship with a warranty designed for this purpose. Remember, however, that a warranty is only as strong as the company that offers it.
For more information about home remodeling and home remodeling contractors visit www.republicwest.com
These are all great ways to increase your home's value. I just replaced my windows and my energy bills have gone down too. A new roof can be important. I am researching this right now. I was surprised that even if your roof isn't leaking, without the right ventilation it can make a lot of excess moisture for your home. Here is a great resource for info on windows, roofs and other exterior improvements. Check out their learning center. www.energyswingwindows.com
Replacing windows is an improvement that many wouldn't have originally thought of. With the wide variety available, new windows can help the curb appeal as well as the first impression others have of your house. When they pay for themselves in five years and help with insulation, everybody should keep their windows up to date.
just goes to show how taking care of your lawn can help seal the deal.
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