Buyers · Real Estate

Asbestos…

Today most people know that asbestos is hazardous to one’s health, but did you know that the material dates back to 3000 BC? Back then it was viewed as a miracle material that wouldn’t burn and for it’s insulating properties. Roman restaurant owners used table cloths woven with asbestos, which is a mineral that is soft like cotton. They would throw them in the fire to clean them for the next customer. The table cloths would come out of the fire cleaner than they went in.

Over time, ancient Roman leaders began to realize that slaves that worked with asbestos developed lung sickness. Health problems associated with asbestos were ignored for years and the material was widely used in many common items. By the 1970’s asbestos was openly recognized as a contributor to serious health problems and the use of it has greatly diminished.

Asbestos has a history of being used in building materials. Though it is not used today, there are homes that may have been built with it. When shopping for a home, buyers need to be aware of it’s use in roofing, siding, floor tiles, ceilings, duct work, insulation, etc.  Primarily, any home built prior to the 1990’s may have asbestos building material in them.  For more info on materials to look for, check out Inspectapedia.com.

Removal of asbestos materials in a home requires special care.  It is recommended you hire a professional that is qualified to properly remove asbestos from a home.

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Real Estate

Tax Credit Nearing an End…

There’s still time to take advantage of the tax credit.  First time buyers ($8000) and move up buyers ($6500) must have a mutually agreed upon signed contract dated on or before April 30, 2010 and must close on or before June 30, 2010.  Want to search for property?  Try my MLS Property Search on my website!

Buyers · Real Estate · Selling Real Estate

New Search Feature Added!

I’m pleased to announce my new Property Search feature has been activated on my website. I’m very excited about adding this powerful feature to my site. It allows you to search for properties, save property searches, have new listings sent directly to your email, request additional information or showings and much, much more.

My website is your doorway to the SW Washington real estate market. Google: JoElla Realty to find me. How easy is that? Please check it out soon and let me know what you think. byjoella.com

Buyers

FREE Property Search Coming Soon!!!

I’m working hard to get a new property search set up on my website (byjoella.com) for my customers. I had hoped to have it up by the new year, but the holidays delayed my launch. I “should” have it up the first week of January.

I’m very excited about this feature. It will enable my customers to search for properties for FREE. It will also allow customers to save properties and set up a search that automatically sends them search results. The best part is, I’m local! By using my site, customers have my local expertise at their service.

Also, this feature will enable me to feature my own listings on the search results. This can be very advantageous for a seller when competing with all the other listings out there.

The internet is my office; adding this feature gives customers the convenience of shopping from home. If you have questions, you simply click the link in the page and it sends me a message.

Economy · Real Estate

Home sales are up…

Real Estate is picking up as home sales increase.  We are seeing more and more bidding wars on the lower priced homes.  Look in the rear view mirror folks and you’ll see the bottom of house prices as they start to slide back up ever so slowly.

Investors aren’t making much money in the banks, so many of them are buying up real estate.  Many of them are pooling their assets to purchase low priced homes. These money pools enable them to offset the risk of buying homes, making it a desirable venture.  This means the regular family home buyer needs to be prepared to make a competitive offer if they want to buy a home.

No word if Washington DC will extend the tax credit as the deadline inches closer. If you want to take advantage of the tax credit, it’s best to avoid short sales and, in some cases, bank owned properties that are notorious for taking a long time to close.  On the flip side, waiting could save you as much or more than the actual tax credit.

It’s a numbers and waiting game where everyone wants to win. If you’re a home buyer, buy because you want the house so you won’t regret the purchase later. There’s nothing worse than compromising to get a deal instead of getting the house you really wanted.

Real Estate

Time is ticking on…

There’s an urgency in the air. If you’re keeping up with the real estate market at all, you know that time is running out to get in on the $8000 income tax credit.

The closer we get to the deadline, the less time a buyer has to close a deal in time. Lenders are getting busy, they are running out of time to work the loans in time for the deadline.

Thinking of buying a short sale before the deadline? You might as well forget it unless you’re already in line at the bank. They take a long time with no guarantee the bank will look at your offer in time, much less make a decision. And if the bank doesn’t take your offer after all your waiting, you have no deal and then you have to start over again–with less time. On top of all that, most short sale homes already have multiple offers waiting in line at the bank. Key word: “WAITING.” Waiting means time and as we know, time is running out.

Yes, I’m being blunt. When you are running out of time, you have to focus your search efforts and look for the deal you know you can close.

It’s all a timing and waiting game.  I’m reminded of the rabbit in Alice in Wonderland, …I’m late, I’m late, for a very important date. No time to say “Hello!” “Good bye!” I’m late, I’m late, I’m late… 🙂

Of course there is the option of not caring if you get the $8000. In that case, you can spend your time searching for the perfect deal.  Maybe you will get a short sale for such a good price that getting the $8000 becomes insignificant because of the amount of money you saved on the house.

Honestly, the deals are out there. Getting the $8000 can be less significant if you save a lot of money on the price. Of course, then there’s the issue of interest rates going up and down!  UGH!  It is always something.

It’s all about perspective (how you look at things) and where you place your priorities. Perfect timing shows itself after it happens!

Determine your needs and wants.  Do you need the $8000 to buy? Do you need a good interest rate? Do you need the lowest price? Do you need to buy now?

Do you want to buy in the Clark County area? I’m available to discuss the buying opportunities here–pressure free!