Archive for October, 2009

Replace versus Fix Your Appliances

There’s nothing worse than having a major appliance break, especially since most people depend heavily on their dish washer and laundry machines. Then, there is the inevitable choice that must be made: whether to repair it or just get a new one. Of course, the primary factor to consider when making a decision is the cost of the repair versus the cost of replacing the appliance, factoring in such things as tax, installation, and removal and disposal of the broken unit.
According to Angie’s List, a national consumer ratings company, these things should also be considered:
Age/History – Older appliances may require ongoing service, which
could cost more over time than simply buying something new. On the
other hand, if you have not had trouble with the appliance in the past, it
might be worth fixing it.
Energy Efficiency – New appliances could save you considerably when
it comes to energy costs. Determine if the energy savings will offset the
cost of a new appliance. In addition, tax credits may be available on
energy-efficient units.
Features/Performance – As technology advances, appliances have
more and more features and can do more things. Putting cost aside,
purchasing a new appliance might be the right choice simply because it
improves your quality of life.
If the decision is to purchase a new appliance, remember that quality products
tend to last longer, and that proper care will help prevent problems and reduce
the need for repairs.

Search here to find the value of your home, townhouse or condominium

Valuable information for buyers and sellers.

According to the National Association of Realtors (NAR), sales of existing single-family homes, townhomes, condominiums and co-ops jumped 9.4 percent in September, with first-time buyers driving much of the activity. Existing-home sales have increased during five of the past six months, and sales activity is now at the highest level in more than two years.
The NAR 2009 Profile of Home Buyers and Sellers indicates that first-time homebuyers accounted for more than 45 percent of home sales during the past year. NAR President Charles McMillan said that “potential first-time buyers can take heart in that affordability conditions this year are the highest on record dating back to 1970.” Lawrence Yun, NAR chief economist, adds that first-time buyers free up many other sellers looking to trade up into a larger home, which benefits the overall market.

Why now is a great time to buy!

Valuable information for share with buyers and sellers.

It continues to be an excellent time to purchase a home. There are many factors that work in favor of homebuyers, both those looking to make their first home purchase and those seeking to move up into a larger home.

In recent weeks, there have been many indicators pointing to an improving real estate market, so buyers should act now while conditions remain ideal.

Consider these reasons why now is a good time to buy a home:

  • Housing affordability remains high.This allows buyers to purchase a bigger home, or one in a better location, than they might have in the past.
  • The number of homes on the market has started to decrease. Yet, homebuyers still have a wide variety of homes to choose from, making it more likely they will find their dream home.
  • Mortgages are at historically low levels, and some buyers are even able to get 30-year fixed rates below 5 percent. Low mortgage rates also positively impact affordability and allow buyers to enjoy lower mortgage payments for the lifetime of their loan. This may be of particular interest to renters whose rent payments typically rise each year.

Search all Basking Ridge Townhomes & Condos for sale

1.4 Million families have taken advantage of the first time homebuyer tax credit. More Expected!

Follow the link below for many more details about the first time home buyer tax credit and all the fine print that you didn’t know about!  Have a great day!  Lin Crabtree

First Time Home Buyer Tax Credit Information

Buyer Tax Credit deadline soon

Buyers should really be under contract by October 15th in order to close in time for the November 30th deadline for the $8,000 tax credit!

Subscribe