Although the April deadline for the homebuyer tax-credit ended, MSN Money predicts that buyers will be able to make up the cost of the $8,000 tax credit and then some. So if you’re in the market for a new home, and you have all of your finances in order now may be the perfect time to start looking for a house.
According to the experts during the homebuyer tax-credit the market was still a sellers market, however Rona Fischman principal broker at 4 Buyers Real Estate in Cambridge, Mass. Says that “Savvy buyers can put their feet back into the market… It will be more sane and less of a sellers market.”
Although it is predicted that home mortgage rates will climb, housing inventory is raising and MSN also believes that home prices will decrease by 10% over the next year. Many sellers who were counting on the homebuyer-tax credit to get their home sold may be willing to strike a reasonable deal with homebuyers. Enlist the help of a broker to explore the listings history, such as whether or not the property has been previously under contract. If a home has previously been under contract the seller will be more motivated to sell the house, to make up for lost time, due to a contract falling through.
If you’re a seller some good tips include checking out your competition or comparable houses in the neighborhood or area. If you’re determined to hold out for the highest price be prepared to defend your price. MSN recommends to buyers to remind sellers that the abundance of equal houses on the market make it easier for them to walk away from a house and find one cheaper and comparable. By doing your research you will ensure that your house is priced perfectly.
Staging your home can also bring in potential buyers. Look into placing extra items such as personal photographs, oversized furniture and other items that clutter your home into self storage so that when homebuyers walk through your home they see themselves living in the space. According to HGTV’s Designed to Sell and owner of Lisa LaPorta Design in L.A. “The most important thing people can do to improve their home is to clear out, clean up and get rid of clutter.”
It may seem like a lot of work at first but your hard work will pay off in the end when you sell your house. LaPorta reccomends going through every room in your house, one room at a time, “Be ruthless as you go about purging your belongings. If you haven’t used it in three months, stagers say, box it up and store it away; if you haven’t used it in a year, get rid of it. Make a house rule that for every new item that comes in, an old one has to leave. Any mixed feelings you have about tossing life’s accumulated belongings will quickly be replaced with a sense of relief and appreciation of your uncluttered surroundings.”
As a life long traveler I enjoy researching places where I can travel to, just last week while in the concrete jungle of New York City I met someone who had decided to postpone college to travel around the United States and abroad. I was instantly jealous, wishing that I could do the same. So this week I have spent much of my time thinking of where I could go if I sold the things I did not need, packed what I did and put the rest in Kansas City self storage.
If you can’t toss all responsibility aside and sell and store all of your possessions I found some cheaper local alternatives to cure your travel bug.
An interesting article by Budget Travel: 10 Coolest Small Towns, highlights small towns where small town meets big city in the unlikeliest of places. These towns are all cities in the United States, and from what I can tell the towns are something straight out of a movie. Their quaint atmospheres, a population of less than 10,000, and proximity to large cities make them the perfect place to raise a family. The first city we see is Port Jervis, New York, which has a population of 9,161 and is 93 miles from New York City. Local artists and small business owners who found the pricy real estate in New York City a bit too high inhabit the town. However, if 93 miles to the largest city is still not close enough you could always move to Manitou Springs, Colorado, which is 6 miles from Colorado Springs, Colorado. According to one local resident Fred Mutter, who relocated here three years ago, “There’s a huge range of people who live here, from scientists and businessmen to new-age hippies.”
Many of these small towns boast their ability to support only local businesses. These tight knit communities, as well as people from various walks of life, have allowed these places to become listed as one of the top 10 Coolest Small Towns.
Living life as a nomad traveling around the world isn’t for everyone but these eclectic towns might give you just the vacation you and you’re family has been looking for. Find a fun new place to explore, something a little out of the ordinary beyond the cookie cutter vacations of Disneyland and SeaWorld.
However, if you are looking for more than just a summer vacation, the magazine also explores some of the real estate of the regions. Prices of homes range from 130,000 to 1.4 million dollars depending on where you are looking to relocate. So get ready to pack up your self storage unit, and head to one of these ten destinations.
A recent article put out by CNN money, Cars: Flops then, collectible now, explores the world’s fascination with classic cars. The hobby of collecting these classic cars has been on the rise, and true collectors first and foremost love their cars, secondly they view them as an investment. CNN looks at cars that have become collectibles despite their failure in the public’s eye at the time of their release. In the late 1950’s Ford spent almost $400 million developing cars, in 1958 Ford released the Edsel line, hoping it would fall in between their Mecury and Lincoln cars. At the time Ford only sold around 100,000 cars, not even bringing in enough profit to break even. In all accounts the Edsel line was a failure. Today though Edsels in good condition can go for over $100,000, making it very desirable among car collectors.
CNN goes on to name a few more cars that were considered to be some of the automotive industries biggest failures during their time. All of these cars are now being highly sought after by car collectors due to their rareness and unique body types. One car we may all be familiar with is the Delorean DMC 12, the iconic car used in the Back to the Future films. Although the Delorean was a staple in one of the hottest movie series of the 80s the car was underpowered and overweight, creating problems for owners who purchased the car in hopes of getting a glimpse into the life of Marty McFly.
According to Private Wealth, most car collectors start out as teenagers tinkering with and repairing old cars in their garage. Rob Myer, CEO of RM Auctions recommends that before taking the plunge and investing in a classic car it is important to research exactly what you are purchasing. Focusing your collection on well-known cars helps to maintain your collections value. Cars such as the Aston Martin, Ferrari, and Duesenberg are household names and have a large support network in the classic car world. Myers also believes that is important for the owner to know the history behind their car, each car has a story, which is what makes that car unique. After you’ve done your homework and purchased your car you will want to insure the vehicle, with a trusted insurance collector that specializes in policies for collectible cars.
When researching where to store your classic car, consider investing in a car self storage unit. These enclosed garages are a safe and convenient place to store your classic car. Choose a storage unit that is climate controlled, to prevent the vehicle from rusting or molding. You may also want to invest in a car cover, which will keep your car clean and scratch free. Look for a fabric that will allow the car to breathe and air to circulate, such as a cotton flannel fabric, which will also be gentle against your car. Here are some more tips to help you placing your car into vehicle self storage.