New Energy Tax Credit will help Homeowners in the Wasilla and Palmer areas

Part of the new stimulus bill includes tax credits for making your primary residence more energy efficient.  You can receive a tax credit for up to 30% of the cost of the item with a limit of $1500.  Making your home more energy efficient can mean new installing new windows, doors, hot water heaters, furnaces, insulation and … Continue reading New Energy Tax Credit will help Homeowners in the Wasilla and Palmer areas

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Part II: Additional Things Of Importance To Know About The Reverse Mortgage in Mat-Su Valley AK

Here are some more important things that anyone considering a Reverse Mortgage should know:
 
 

FHA Reverse Mortgage loan limit is $625,500
Eligible property types include single family residences, condos and town homes, one to four unit properties and newly constructed homes that can provide proof of completion and a Certificate of Occupancy.
Participants are required to complete a [...]

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Mat-Su Valley AK Seniors Age 62 And Older May Qualify For A Reverse Mortgage

Did you know that in our country someone turn age 50 every 76 seconds? We are living in a rapidly ageing population, so thank goodness the Department of Housing and Urban Development insures the Reverse Mortgage. It was created to assist seniors live out their golden years in comfort without fear of losing their homes.
Seniors aged 62 and [...]

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Whoa, have you looked at long term interest rates? The lower rates will help Wasilla & Palmer’s real estate market

The Fed’s made a decision to buy bonds and mortgage-backed securities.  This has caused mortgage interest rates to record low levels less than 5%.  This is exactly what the Fed was hoping for.   In fact, I have never seen rates this low in my 25 year real estate career.  To read the full story on CNBC, click the link … Continue reading Whoa, have you looked at long term interest rates? The lower rates will help Wasilla & Palmer’s real estate market

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You May Qualify For A Tax Credit If You Have Made Energy Efficient Upgrades to your Wasilla AK home

On February 17th, 2009 President Barack Obama signed into law the American Recovery and Reinvestment Tax Act of 2009. It extends tax credits for certain energy efficient additions or replacements in existing homes only. Be aware that the maximum amount of homeowner credit for ALL improvements combined is $1,500, during 2009 and 2010. Following is [...]

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Mortgage rates drop to all time lows

The fed’s made the decision to buy bonds and mortgage backed securities in hopes of bringing down long term interest rates.  So far so good.  Interest rates have dropped under 5% to their lowest levels in more than 30 years.  Whether you…

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How do you know when we are no longer in a buyer’s market in Palmer and Wasilla?

Please click the link to find the absorption rate chart for this month’s Wasilla and Palmer real estate. I have compiled this data using the local multiple listing service and documented the data in this easy to read chart. The definition of absorption rate is the number of weeks it takes to sell the current … Continue reading How do you know when we are no longer in a buyer’s market in Palmer and Wasilla?

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Everything You Need To Know About Reverse Mortgages

Reverse Mortgages are available to anyone who is over 62 years of age, owns their home and uses it as their primary residence. It is a very good option if you need cash and want to stay in your home for as long as possible.
 In a nutshell, Reverse Mortgages work by allowing borrowers to swap the equity [...]

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Water Conservation Tips for Wasilla AK homeowners

People can make small changes in everyday life to reap the benefits of huge water savings. The Environmental Protection Agency’s experts say that not only are our drought-prone states in big trouble with water shortages, but that sooner or later the rest of the country will be affected by shortages as well. Shocking but true: the average American citizen [...]

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Absorption Rates For Housing in the Wasilla & Palmer Areas

Please see the absorption rate chart for Palmer and Wasilla homes that are listed for sale. I have compiled this data using the local multiple listing service and documented the data in this easy to read chart. The definition of absorption rate is the number of weeks it takes to sell the current inventory at the … Continue reading Absorption Rates For Housing in the Wasilla & Palmer Areas

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