House Prices are Projected to Increase 5%

House Prices Projected to Increase

Posted: 21 May 2013 04:00 AM PDT

Experts have projected that U.S. home prices will appreciate by 5.4% in 2013. If we assume that prices will rise about the same 5% over the next twelve months, here is the difference a buyer will pay if they wait a year.

 

Save Money in the Kitchen!

Lower your monthly energy bill and lessen your impact on the environment by unplugging electronics, turning up the refrigerator, and being mindful of your dish cleaning habits in the kitchen.

How To:

1. First, unplug your vampire electronics. Some electronics never fully turn off, they just go into a hibernation mode. To know if your appliance goes into hibernation mode, read the owner’s manual. Coffee makers and toasters are common kitchen vampires, so be sure to unplug these appliances when you’re not using them.

   

2.   Don’t use the oven as a heater. Only open and close the oven when it’s necessary for your meal. It just makes the oven work harder and wastes energy. When you run a self-clean cycle, only run it after you’ve cooked in the oven. That way, the oven is already hot and you won’t waste energy.
3.   Turn up the refrigerator temperature. There’s no reason to have ice pellets in your milk, so raise the temperature so your refrigerator isn’t overworking. Experts say that between 38 and 42 degrees is an optimal setting to keep your items fresh and save energy in the meantime.
4.   Skip the pre-rinse and dry cycle on your dishwasher. It takes very little time to dry the dishes by hand, and the pre-rinse cycle is doing more harm than good. If your dishes are especially grimy, rinse them in the sink before placing them in the dishwasher. Only run the dishwasher when it’s full to save energy.
5. When you clean your kitchen, try products you already have in your cabinet instead of expensive over-the-counter remedies. An equal mixture of baking soda and water works well on countertops. To learn more about green cleaning products, read our To-Do about making Green Cleaning Products.

Absorption Rate in Real Estate Austin Texas

How to tell if your market is hot or not.

The absorption rate for real estate is a good method to help determine how Hot your market really is. The higher the absorption rate, the faster homes are selling. Check with your local expert to figure out your neighborhood today.

When you’re ready to buy or sell, we’re here to help!

How to Borrow Money to Buy AND Fix Up your new home at the same time

203(k) – How It Is Different

Most mortgage financing plans provide only permanent financing. That is, the lender will not usually close the loan and release the mortgage proceeds unless the condition and value of the property provide adequate loan security. When rehabilitation is involved, this means that a lender typically requires the improvements to be finished before a long-term mortgage is made.

When a homebuyer wants to purchase a house in need of repair or modernization, the homebuyer usually has to obtain financing first to purchase the dwelling; additional financing to do the rehabilitation construction; and a permanent mortgage when the work is completed to pay off the interim loans with a permanent mortgage. Often the interim financing (the acquisition and construction loans) involves relatively high interest rates and short amortization periods. The Section 203(k) program was designed to address this situation. The borrower can get just one mortgage loan, at a long-term fixed (or adjustable) rate, to finance both the acquisition and the rehabilitation of the property. To provide funds for the rehabilitation, the mortgage amount is based on the projected value of the property with the work completed, taking into account the cost of the work. To minimize the risk to the mortgage lender, the mortgage loan (the maximum allowable amount) is eligible for endorsement by HUD as soon as the mortgage proceeds are disbursed and a rehabilitation escrow account is established. At this point the lender has a fully-insured mortgage loan.

http://www.HotPropertiesATX.com Nicole Cooper 512.698.2393
REALTOR® Austin Real Estate Agent with Resident Realty
You’d like to buy a home but don’t have the money to fix it up. The 203k financing program may be your answer.
Feel free to email us a question or call now 512.698.2393

Resident Realty REALTOR®, Austin Real Estate Specialist Nicole Cooper, http://www.HotPropertiesATX.com 512.698.2393

City Permitting for remodels, City of Austin

http://www.HotPropertiesATX.com, Nicole Cooper 512.698.2393
REALTOR with Resident Realty
Thinking of a remodel? When buying remodels have your realtor make sure they check out. Not all builders are created equal. Some play by the rules, others take shortcuts. Make sure you’re not buying into problems that could easily be fixed.

How to find the BEST Neighborhood in Austin, Texas