The Real Value of Historical Homes

Posted on October 6, 2010. Filed under: Homebuyers, Homeowners, Ideas & Information, Real Estate News & Updates, Tips, Uncategorized, US Housing News | Tags: , , , , |

The Real Value of Historical Homes

A historic home has some significant historic relevance as reflected in its architecture. The additional beauty, charm, and historical background of these rare historical artifacts–architect, occupants, and historical events–may greatly enhance the value of the home. Those houses are like antiques in a museum, the only replica of the past that survive until now to tell us what type of life they had before.

Historic homes appeal to people for a variety of reasons.  Many homeowners like the idea of a historic home because it had significant relevance in the past, while others may just like “the look” of architecture from years past. With its rich history, it has a wonderfully textured architectural past that demonstrate the great and ever-changing architectural trends of the past.  A large contingency of buyers, while certainly admiring the property’s aesthetic qualities, will buy a historic home because of the benefits that come with restoring it.  There may also be tax benefits for those who qualify based on their individual restoration project.

If you are in the market to buy a historic home, you should consider that this type of home needs more care and maintenance. You should plan for some renovation but still maintain the originality of it. Buying this kind of home is like discovering artifact from the past that considered as fragile and uncover secrets behind those things. Restoration of historic homes is a challenge for everyone and there are many people out there that will take those challenges as adventure to pursuit.

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Posted on September 20, 2010. Filed under: Homebuyers, Homeowners, Ideas & Information, Real Estate News & Updates, Tips, Uncategorized, US Housing News | Tags: , , , , , , , |


Foreclose pix

Everyone is aware of our economic crise’s and nationwide residential home foreclosures and commercial loan foreclosures, that are having a devastating impact on our financial system. Congress has stepped in and has been trying to work with residential homeowners, but the crisis still exists and now the commercial loan sector is experiencing unprecedented defaults.

Experts are estimating that two-thirds of all commercial real estate loans due in the next few years will become delinquent and will lead to foreclosure and financial ruin for banks, servicers and insurance holding companies and for the property owner as well.The market has changed. The commercial vacancy rate has risen to the highest rate since the ‘90s. With vacancy rates high and climbing, landlords not collecting rents, shoppers not spending, real market rents lower than originally forecasted and strong signs that inflation will soon be running rampant. Experts are predicting that, due to these problems and more on the horizon, within the next few years, commercial real estate owners will encounter the same problems currently facing homeowners.

If your facing foreclosure now, it’s the time to decide what is the next action to do before it’s too late. You have to look for a new resolution and stop foreclosure to happen. Join others that make their solutions to their crisis and continue in living with peace in your heart and mind. You need to find people that can help you with this problem. Whom you can trust that have great expertise in dealing with foreclosure problems. Their are many tips you need to follow how to fix problem like this and this Professional will help you and guide you!

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Be Ready To Buy A New Home!

Posted on September 14, 2010. Filed under: Homebuyers, Homeowners, Ideas & Information, Tips, Uncategorized, US Housing News | Tags: , , , , , , , |

My New Home

If you have chosen your new home, there should be no hesitation to buy that one. because there will be other buyers waiting to grab up the same deal you just found.

Home buyer must have understanding with the current market conditions and presenting a property to showcase its unique real estate value. Here is the time that you need the real estate professionals to guide you with your decision. With the right team, the right attitude and marketing strategies, buyers who are actively searching will trust them and stimulate their interest to be more positive about that new home.

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Best Places in Texas

Posted on August 31, 2010. Filed under: Homebuyers, Homeowners, Ideas & Information, Real Estate News & Updates, Tips, Uncategorized, US Housing News | Tags: , , , , , , |

Fort Worth, TX

Fort Worth has been selected as one of the Best Places to Retire for Republicans. Temperatures in the city reflect Texas’s legendary heat, ranging from the 30s and 40s in the winter to the 80s and 90s in the summer. Fort Worth is the western anchor of the Dallas-Fort Worth-Arlington metroplex. While the city is known for its cattle-driven history, today aerospace, energy, and technology drive its economy.

Call it a cow town with a bit of an edge. Fort Worth, a city decidedly partial to the cattle-skull-and-cowboy-hat traditions of its roots as a Civil War-era livestock hub, continues to grow because of a diverse group of modern industries. The city consistently ranks well in livability surveys and enjoys a thriving cultural scene. While the stockyards historic district draws raucous crowds to the likes of Billy Bob’s Texas (billed as the world’s largest honky-tonk), Fort Worth also boasts one of Texas’s most walkable downtowns. The Sundance Square area is home to both the city’s best sushi and the Philip Johnson-designed Fort Worth Water Gardens.

For a city its size (population 610,534), Fort Worth also packs an artistic punch. It is home to two world-class art museums, the Kimbell Art Museum and the Modern Art Museum of Fort Worth, which have notable works by Richard Serra and Philip Guston. The city also has a top-notch performance space, the Bass Performance Hall, which hosts the annual Van Cliburn international piano competition. The Fort Worth Zoo and Botanic Gardens deserve an honorable mention as well, as do several museums devoted to Fort Worth’s history, including the Cattle Raisers Museum and the National Cowgirl Museum and Hall of Fame.

For college football fans, there’s Texas Christian University’s Horned Frogs (the team plays in the Mountain West conference), and the university offers other NCAA events as well. In the professional arena, Fort Worth’s proximity to Dallas puts the Mavericks, Cowboys, Rangers, and Stars within easy driving distance. For local fans, the Fort Worth Cats play baseball at LaGrave Field near the stockyards.

U.S. News Editorial Pick: Best Places to Retire for Republicans

There are few states redder than the Lone Star State, and Fort Worth is unique among America’s larger cities when it comes to a hefty right-leaning bent. Nearly two thirds of its residents identify themselves as Republican.

Fort Worth Schools:

Colleges in Forth Worth include Texas Wesleyan University and Texas Christian University, plus smaller institutions like the College of St. Thomas More and a campus of the University of Texas at Arlington. The University of North Texas Health Science Center is the city’s only medical school.

Fort Worth Health Care:

The 16 hospitals and 60 clinics in the city limits include Harris Methodist Fort Worth Hospital, which was awarded the 2008–09 Consumer Choice Award by the National Research Corp. and has held the title for 13 years. Other large hospitals include the JPS Health Network, which last year moved into its new Patient Care Pavilion, a 233,000-square-foot, state-of-the-art emergency and acute-care facility with 12 operating rooms. The Baylor All Saints Medical Center has a fast-growing maternity center and organ transplant services, and the Cook Children’s Health Care System is known for pediatric expertise.

Fort Worth Jobs:

For decades, jobs in Fort Worth have been less about herds of cattle and more about fleets of planes. It’s an aerospace and airline town, with large area employers including American Airlines, Lockheed Martin Tactical Aeronautics Co., and Bell Helicopter. Military contracts are important to some of these companies. But a variety of companies like Burlington Northern railroad and RadioShack have corporate headquarters here, as do retailer Pier 1 Imports and drugmaker Alcon, which bases its U.S. operations in the city. Fort Worth’s position near the Barnett Shale natural gas field also means jobs in energy, and high-tech manufacturing and tourism contribute to the economy as well. The median household income is $41,002.

The median home price in Fort Worth is $128,500. The slump in residential home prices has been less severe than in many other parts of the country as the city and much of Texas managed to skirt the more extreme excesses of the real estate boom and bust. Office vacancies in downtown Fort Worth have held up relatively well also. They’re less than half the rate of nearby Dallas.

Overview information and high school, college, hospital, and nursing home rankings copyright © 2010 U.S. News & World Report.

Other data and information copyright © 2010 Onboard Informatics or as otherwise sourced. Information is represented by Onboard Informatics as reliable but not guaranteed.

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We are all learning that: “An investment you can touch, is a financial future you can hold.”

Posted on May 16, 2010. Filed under: Uncategorized | Tags: , , , , , , |

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Essential Tips for First Time Home Buyers

Posted on March 22, 2010. Filed under: Homebuyers | Tags: , , , , , , , , , , , , , , , , |

Before purchasing a new home, there are few things you need to keep in mind. Here is a check list for home buying.

– One of the essential factors that affect your home buying decision is price. Yet most forget to check if they are purchasing at a rate at par with current real estate trends. Hence, people especially first time home buyers much check prevailing rates in your area. You can get all the information on websites like Zillow and Homegain. If these don’t sound quite reliable, you can check the official website of National Association of Realtors.

– It becomes very difficult for first time home buyers to repay the mortgage, research says. This happens because of inadequate research and planning. Hence, it’s wise to calculate the monthly amount they will be able to repay. There are various mortgage calculators on the web available today.

– Another thing people often fail to consider is the total cost involved in buying a new home. Along with the cost of home, buyer has to pay many types of taxes and insurance to own the house. This may sound quite insignificant, but these things can cost you dearly. In few areas, taxes are twice the mortgage amount. You don’t want to fall into such traps, do you?

To avoid such consequences, you can call up the local insurer and check how much insurance will be required for your property. However, finding information on taxes is quite simpler. Log on to Zillow and check how much you will be taxed and where to find a place with comparatively lower prices.

– However, the above costs are just a part of the whole. You will incur many other expenses, which can be summed up as settling costs. There are lender fees, home owner association fees, settlement, and title fees. So, make sure you have included all these costs in your budget. A First-time home buyer must keep this in mind.

– Fannie Mae suggests you must plan a budget before you plan to relocate. This is because there are lolls of other costs incurred when you first move to your new place. And approximately 30% of you income is spent on it, which can ultimately earn you a title of ‘house poor’.

– Spend some time researching on the local information. It’s advisable to know about the local weather, change in temperatures, movement of real estate prices, etc.

– People believe house is a long term investment. It essentially is till the time you maintain your costs effectively. However, if you fail to manage these expenses, you will end up paying more than you will earn, in long term.

So, buying a home is certainly good news. But not considering these points can transform it into a bad news and eventually, a bad deal. These are must-follow tips for first time home buyers.

by stephanie johns

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Avoid Foreclosure Tips

Posted on February 24, 2010. Filed under: Tips | Tags: , , , , , , , |

Avoid Foreclosure Tip #4: Minimize spending. Eliminate optional expenses such as cable TV & internet, club memberships, etc.

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Avoid Foreclosure Tips

Posted on February 23, 2010. Filed under: Tips | Tags: , , , , , , , |

Avoid Foreclosure Tip #3: If getting further behind your payments, contact your lender for options to help you.

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Avoid Foreclosure Tips

Posted on February 22, 2010. Filed under: Tips | Tags: , , , , , , , |

Avoid Foreclosure Tip#2: Avail forbearance agreement. You pay portion of your regular payment or no payment at all for a period of time.

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Government Announces $1.5 billion Housing Fund to Five States

Posted on February 22, 2010. Filed under: Homeowners, Real Estate News & Updates, US Housing News | Tags: , , , , , , , , , , , , , , , |

President Barack Obama announced a new housing fund that would be given to five states hit by the housing crisis. The total corpus involved is $1.5 billion which would be spilt amongst these states based on their demands and requirements. The five states are Michigan, Arizona, California, Florida and Nevada.

They are the ones that have been the hardest hit by the recent foreclosures during the financial recession. They have seen the house prices fall by as much as 20 per cent. Out of the 5 states, Michigan is the least hurt.

The money is allotted to stop the number of foreclosures being filed on those states. The money will be given to the unemployed homeowners, who would then be able to pay to the banks. It would also help the struggling borrowers.

A year ago, president Obama declared a $75 billion Home Affordable Modification Program, to solve the same problem. A research shows that it has helped only 116,000 homeowners across US. Another 830,000 are still under trial.

The move is the administration’s latest attempt to fix its signature foreclosure-prevention effort, the Home Affordable Modification Program, which has been widely panned for not doing enough. A senior Obama official cautioned that the new program is just another tool in the White House arsenal, not a full solution to the housing woes facing the unemployed and borrowers.  “As important as $1.5 billion will be to these five states, it’s not going to solve what is a catastrophically large problem,” said the senior official, speaking to reporters on a conference call. “It’s going to help as many of the other programs do.”  The senior administration official was vague about how the money would help the target audiences, saying mainly that these groups are intimately involved in their local housing markets.

The current amount will come from the $700 billion Troubled Assets Relief Program (TARP), which too has faced its share of critics.

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