Former Seattle Seahawks wide receiver Percy Harvin bought a 4-BR Bellevue home for $1.38M in June, figuring he was going to settle down in the area for a long time to come. Featuring a wine cellar, three-car garage and a master bath with fireplace, it probably seemed like a good investment. Four months later, Harvin was traded away to the New York Jets after butting heads with the team and all of a sudden that purchase didn't seem like such a great investment after all. It must really feel like a bad idea now that he's sold the home for just $16K more than he paid. As PSBJ points out, the seller usually pays the real estate excise tax in Bellevue, which in the case…
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Chandler November, 2014 Market Statistics
The November 2014 market statistics for Chandler, Arizona show increasing strength in the single family home (SFR) sector. We saw a lower number of new listings, active listings, and new contracts when compared to the 5 previous November's. However, we saw a decrease of average days on the market, an increase in the average sales price, and an increase in the listings to final sales price ratio.
We also are seeing a steady decline of distressed properties in Chandler. This is extremely important because distressed properties hold the property values of surrounding homes down. Chandler and Phoenix were both hit extremely hard during the financial crisis and housing bubble. It appears the last homes from the…
4 Tips to Determine How Much Mortgage You Can Afford
By knowing how much mortgage you can handle, you can ensure that homeownership will fit in your budget.
Homeownership should make you feel safe and secure, and that includes financially. Be sure you can afford your home by calculating how much of a mortgage you can safely fit into your budget.
Why not just take out the biggest mortgage a lender says you can have? Because your lender bases that number on a formula that doesn’t consider your current and future financial and personal goals.
Think ahead to major life events and consider how those might influence your budget. Do you want to return to school for an advanced degree? Will a new child add day care to your monthly expenses? Does a relative
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Potential home owners who have put getting into the housing market at the top of their to-do list next year may not realize how many steps it takes to make it to the finish line. As a real estate pro, now may be the perfect time to share a few planning tips for where they can begin this January.
"Roughly 45 percent of Americans make New Year’s resolutions each January, with many of their pledges being financial in nature," says Raz Daraban, communications manager for personal finance site WalletHub. He says his company engaged a panel of financial and consumer psychology experts to create 15 resolutions "in order to help progress-minded people improve their money management in the New Year."
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Real Christmas Trees vs. Fake Christmas Trees: Which are Greener?
How do real Christmas trees and fake Christmas trees stack up when it comes to the environment and cost? We’ve got the dirt.
Real Christmas trees are better for the environment than fake Christmas trees: They’re renewable and recyclable, unlike that petroleum-derived faux model.
In terms of price there’s not much difference between the real and fake varieties, unless you get really fancy with a fake. Depending on where you live and the size and species of tree you buy, the real deal runs about $20 to $150 annually.
You can pick up a basic fake Christmas tree for less than $20 at some big-box retailers. Prices go up from there to as much as $430 for a deluxe, already-lit number.