Davenport Iowa Real Estate

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Davenport, Iowa: Market Report For May 2010!

   

Quad Cities Favorite REALTOR®

Lucky Lang
May 2010
Real
Call Lucky for all of your Davenport, Iowa and surrounding Quad Cities Real Estate needs at (563) 676-9031
Copyright © 2010 Realty Times
All Rights Reserved.





Five Key Areas to Pay Attention to When Buying a Home

  Looking for a new home can be exciting and frustrating. You can help alleviate the frustration by paying close attention to five key areas of the homes you're considering buying; it may save you money in the long run.
      Don Walker is an inspector and owner of Ace Home Inspections. He says there are five areas in homes that he frequently reports problems with. They are electrical, foundation, plumbing, the attic, and landscaping.
     Electrical: Walker says sometimes homeowners assume with newer homes that all will work just fine but that's often

Mortgage Rates
U.S. averages as of April 30, 2010:

30 yr. fixed:   5.06%
15 yr. fixed:   4.39%
1 yr. adj:        4.25%
30 yr. jumbo:  6.98%



View current rates





not the case. "I inspected a brand new house four-years old but the electrical was all done incorrectly," says Walker.
      Having a complete home inspection will help to rule out any problems and
CONTINUED >>>



Wondering What Your Home Is Worth?

Let me show you.





Green Your Home with Cost-Saving Remodeling
Tax Credits


     As the 40th anniversary of Earth Day was celebrated last month, the National Association of Home Builders (NAHB) reminds home owners that they can use fewer resources and save money by taking advantage of federal energy efficiency tax credits through the end of the year.  
      Home owners who purchase qualifying water heaters, windows, air conditioning units and other appliances, insulation and roofing can be eligible for tax code section 25C tax credit, equivalent to 30 percent of the cost. There's a $1,500 overall limit for purchases made in 2009 and 2010.  
      "You can save money, save energy, and be a good steward of the Earth's resources," said NAHB Remodelers Chair Donna Shirey, a remodeler in Issaquah, Wash. "I can't think of a more appropriate way to commemorate Earth CONTINUED >>>




Common Buyer Fears

     Whether you are a first time home buyer or someone who is looking to move up or down, getting into the market can be a fearful time.
      Here are some of the most common buyer fears:
      Do I have enough money to buy a home?
      To first step to finding out how much home you can truly afford is to get pre-qualified for a mortgage.
      Also, take a step back and look at your finances. Ideally, you should have around 20 percent of the purchase price to put down. You should also have less than a 36 percent debt to income ratio. Be sure to include all of your monthly obligations in that equation, including student loans, child support payments, alimony, car payments, credit cards, etc. Once you've looked at your savings, make sure that apart from your down payment, you'll have enough left over to pay closing costs, which include such things as attorney fees and transfer fees. The National Association of Realtors (NAR) reports that this amount averages between 2 and 7 percent of the home price. You also need to have money left as a cushion. What if unexpected 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.




Remodeling a Home Built Before 1978 Requires a Certified Lead Contractor

     Getting the lead out of your home may be tough to do, according to the National Association of Home Builders (NAHB). We've known for a long while now that lead paint is hazardous to our health. Lead paint can be very dangerous to children if they inhale or ingest it. It can cause damage to their brains and nervous systems. However, removing it may be difficult.
      The NAHB says that a shortage of Environmental Protection Agency (EPA) accredited trainers may stall some remodeling projects in homes where lead is present. A new regulation by the U.S. EPA went into effect last month (April
CONTINUED >>>


Local Market Conditions




Daily News and Advice

Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.



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Lucky Lang, REALTOR®,SRES®
E-mail: Lucky6769031@gmail.com
Web: http://www.LuckyLang.com
(563) 676-9031

Mel Foster Co.
(563) 823-2213
3211 E 35th St. Ct.
Davenport, IA 52807


Equal Housing Opportunity

LUCKY LANG, QUAD-CITIES FAVORITE REALTOR®

Lucky Lang, SRES®

Licensed in Iowa & Illinois

Mel Foster Co., Inc., 3211 E. 35th Street Ct., Davenport, IA 52807-2585

Cell: (563) 676-9031    Toll Free: (800) 791-8132 Ext. 2213

LuckyLang.com

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

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

LUCKY LANG, VOTED FAVORITE REALTOR®

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

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

Comment balloon 10 commentsLucky Lang • May 26 2010 12:29PM

Comments

Nice post. I have always admired that newletter!

Posted by Paul Walker, Scott AFB IL Area Realtor (Equity Fifty Five Realty, LLC) over 8 years ago

Lucky: That's a pretty cool newsletter. Is that something your emailing out as well?

Posted by Matt Grohe, Serving the metro since 2003 (RE/MAX Concepts) over 8 years ago

Great post! Excellent newsletter!

Thanks for sharing,

Adam

Posted by Adam Malachi, QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR (A 2 Z Realty LLC) over 8 years ago

Lucky,

 

What a unique market report.  I absolutely love the newsletter feel to it.

 

Lori

Posted by Lori Cofer, REALTOR, Moscow Idaho Real Estate (Beasley Realty) over 8 years ago

Paul,

Thanks!  I think that I've been doing these for four years now!

Lucky :)

Posted by Lucky Lang, Marco Island & Naples Florida Real Estate (Keller Williams Realty Marco Island) over 8 years ago

Matt,

Yes, we email them out monthly.

Lucky :)

Posted by Lucky Lang, Marco Island & Naples Florida Real Estate (Keller Williams Realty Marco Island) over 8 years ago

Adam,

It is my pleasure!

Lucky :)

Posted by Lucky Lang, Marco Island & Naples Florida Real Estate (Keller Williams Realty Marco Island) over 8 years ago

Lori,

Yes, it really flows well!

Have a Memorable Memorial Weekend everyone!

Take Care!

Lucky :)

Posted by Lucky Lang, Marco Island & Naples Florida Real Estate (Keller Williams Realty Marco Island) over 8 years ago

Lluckky - This is a very nice news letter.  Lots of good information.

Posted by Pam Dent, REALTOR® - Charlottesville Virginia Homes / Horse (Gayle Harvey Real Estate, Inc.) over 8 years ago

Pam,

Glad you enjoyed it!

Lucky :)

Posted by Lucky Lang, Marco Island & Naples Florida Real Estate (Keller Williams Realty Marco Island) over 8 years ago

Participate