Davenport Iowa Real Estate


Iowa Market Report For July!

Quad Cities Favorite Realtor

Lucky Lang
July 2007
Call Lucky for all of your real estate needs @ (563) 676-9031
Copyright © 2007 Realty Times
All Rights Reserved.

When Should Homebuyers Jump In?

  Investors who time any market hope to buy at the nadir and sell at the zenith, but homebuyers have a trickier time knowing when to sit on the sidelines and when to jump in. The reason? There are several.
      Buying a home is one of the largest financial investments a homebuyer will make. Transaction costs are expensive enough that homeowners remain in their homes approximately six years before trading up or down. As the recent buyer's market shows, homes aren't liquid, and may not find buyers at the price and in the time frame that sellers prefer.

Mortgage Rates
U.S. averages as of June 28, 2007:

30 yr. fixed:   6.67%
15 yr. fixed:   6.34%
1 yr. adj:        5.65%
<!-- <B>30 yr. jumbo:  6.98%</B>-->

View current rates

      On the other hand, homeownership provides significant benefits including property rights, tax benefits and other government subsidies including support for a mortgage lending market, quality of

Wondering What Your Home Is Worth?

Let me show you.

What Your Homeowners Insurance Does, Doesn't Cover

     A standard homeowners insurance policy doesn't cover what you think it does -- not flood or earthquake damage, not stolen or damaged vehicles on your property, not a break in the water service or sewage line and not termites moving in nor pets stolen away.
      Many homeowners are under the mistaken impression that a standard homeowners policy provides more insurance protection than it does and that could mean large unexpected out of pocket expenses -- when you can least afford them.
      The National Association of Insurance Commissioners (NAIC), an organization of state insurance regulators, found that 33 percent of U.S. heads of household still hold the false belief that flood damage is covered by a standard homeowners policy -- despite extensive post-Hurricane Katrina news coverage of scores of homeowners with claims turned down because they didn't have the required flood insurance from the National Flood Insurance Program. CONTINUED >>>

Avoiding 7 Costly Mistakes
of Selling Your Home

     There are inappropriate steps sellers can take when it comes time to put their house on the market.
      For instance, the seller in Virginia, who thought the half bath the builder had located at the front of the house would really be better situated toward the back of the main level (though all the other similar models had the powder room in the same place for the previous 20 years). He got hung up on this detail so much, that he just had to move it -- and did -- for thousands of dollars, just so he could get it on the market the "right way." His hang-up may have settled some deep-seated emotional need for him, but it didn't draw any more buyers, and it drained his bottom line. You might say, that was a costly mistake.
      Real estate broker and author Sid Davis has identified in his book, "A Survival Guide to Selling a Home," seven costly mistakes that many sellers make when it comes time to put their home on the market. In my business, I've seen each one of these mistakes played out and it just makes me shake my head as to why sellers forge ahead with unwise strategies, instead of listening to the voice of an experienced professional.
      Mistake 1: Putting the home on the market before it's ready. Most times this happens because the seller gets impatient or is a procrastinator and has CONTINUED >>>

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You can find many great Davenport real estate agents and loan officers on ActiveRain.com Lucky Lang is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.

Feds Say Current Disclosures Muddy Mortgage Morass

     It's not that too much or too little is disclosed about home loans.
      It's that the disclosures themselves need a disclosure form alerting consumers to the fact they are old, outdated and not very revealing.
      That irony recently appeared on the front lines of the war against predatory lending when the Federal Trade Commission released a report, "Improving Consumer Mortgage Disclosures -- An Empirical Assessment of Current and Prototype Disclosure Forms".
      In plain language, the report says today's outdated mortgage disclosure forms fail to convey key mortgage costs and terms to most consumers.
      "Mortgage disclosures designed more than 30 years ago can be confusing even for simple loans, and they do not address the variety and complexity of today's mortgage products," according

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Lucky Lang Davenport Iowa Real Estate
E-mail: llang@melfosterco.com
Web: http://www.qcfsbr.com/

Mel Foster Company
3211 E 35th St. Ct.
Davenport, IA 52807

Equal Housing Opportunity

For info about Real Estate Anywhere in the World, please call:


Lucky Lang Davenport Iowa Real Estate for Sale

Lucky Lang, SRES®, RFC, M.I.S.

Licensed in Florida & Iowa

Keller Williams Realty, 830 Bald Eagle Drive, Marco Island, FL 34145

Cell: (563) 676-9031

Home Search

Don't let this great Real Estate buying opportunity pass you by!!!

Comment balloon 9 commentsLucky Lang • July 01 2007 12:17PM


Hey...I like this...I really need to do something like this so I can get some info out there!
Posted by Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE (Liberty Homes) almost 12 years ago


I've been paying for this for over a year and just thought about posting it a couple months ago and my visits skyrocketed!  You can also e-mail these to your clients or print them off to give to people at your open houses or include with your property flyers.

Let me know if you want more info.


Lucky :)

Posted by Lucky Lang, Marco Island & Naples Florida Real Estate (Keller Williams Realty Marco Island) almost 12 years ago
Lucky, I love the format of this.  It's really neat and eye-catching.  If you share with Sally, cc me on it too, will you?  =)
Posted by Maggie Dokic | Miami, FL | 305.81.HOUSE (46873), GREEN, CDPE, SFR, Pinecrest | Palmetto Bay | (eXp Realty LLC) almost 12 years ago


Okay, coming your way.

Lucky :)

Posted by Lucky Lang, Marco Island & Naples Florida Real Estate (Keller Williams Realty Marco Island) almost 12 years ago
Oh, I definitely want in on this please.  This looks great Lucky.  I just did one like it on Publisher to distribute.  Going to send it out on a large email blast also.  But this looks great, can't wait to see the format, looks tons easier than Publisher.  
Posted by Laurie Manny (Long Beach CA Real Estate) almost 12 years ago


I just sent the information to you.  Let me know when you get it.

Good Luck!

Lucky :)

Posted by Lucky Lang, Marco Island & Naples Florida Real Estate (Keller Williams Realty Marco Island) almost 12 years ago
Nice format Lucky.   Quad Cities favorite Realtor.  Congrats on that too!!
Posted by Real Estate Guy in Madison, Wisconsin, Real Estate Guy (Powered by: eXp Realty) almost 12 years ago


Thank you very much!

Lucky :)

Posted by Lucky Lang, Marco Island & Naples Florida Real Estate (Keller Williams Realty Marco Island) almost 12 years ago

Lucky- can you send it to me also?  Nice looking and very eye catching.


Posted by Jason Smith (DreamDirt Auction) almost 12 years ago