Monthly Newsletter
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Real Estate Update
View this month's real estate update with articles and interesting facts.
HouseLogic.com
This website has tips on how to protect, maintain, and enhance the value of your home.
What's In and What's Out
This article from the Realtor Magazine describes what buyers want most.
Find Your Home Style
With so many homes on the market these days, buyers may find it difficult to decide which style of home is right for them. HGTV’s
Frontdoor.com outlines several factors to consider when choosing a home style, including the region of the country, personal tastes,
lifestyle and budget.
First, think about what part of the country you plan to live in and the type of neighborhood that appeals to you. Some home styles are
more prevalent in certain parts of the country and in certain communities. For example, bungalows are more common in the Midwest,
while Colonials are more prevalent in the Northeast.
Budget is also a consideration. For first-time homebuyers on a budget, certain home styles may be out of their price range.
Meanwhile, move-up buyers with more cash available can consider a more spacious home with luxury amenities.
How much space do you need? For growing families, the typical American ranch home usually offers plenty of space and a large
yard for kids to play, while a smaller ranch home may be a better option for empty nesters and older singles.
When selecting a home style, think carefully about the upkeep. How much home maintenance are you willing to do? Older homes
may have more history and character but they sometimes require more maintenance, while newer homes may only require some minor
touch-ups and may be more move-in ready.
Modern home styles with open, free-flowing floor plans and outdoor living spaces will likely appeal to those who love to entertain or
have families. But smaller, cozy spaces may be better suited to older couples or single homeowners who enjoy their privacy.
The best part about finding the best home style to fit your lifestyle is decorating it to make it all your own.
New Requirements for Landlords Who Deny on the Basis of Credit Score
Landlords and their agents need to be aware of how they may be affected by new requirements imposed upon them by the Fair Credit
Reporting Act (FCRA). Landlords who take “adverse action” regarding a tenant application will have to provide specified information if that
adverse action is based upon the applicant’s credit score. What might adverse action be? At least one of the following: 1) Denying the
lease/rental application; 2) Requiring a co-signer; 3) Requiring a higher security deposit; and 4) Requiring an increased rent amount.
Read article: http://realtytimes.com/rtpages/20110927_landlords.htm