Davenport Iowa Real Estate

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Iowa Market Report For April!

Quad Cities Favorite Realtor

Lucky Lang
April 2008
Real
Call Lucky for all of your Quad-City Real Estate needs at (563) 676-9031
Copyright © 2008 Realty Times
All Rights Reserved.





What The Economic Stimulus Package Means To You

  Since passed by overwhelming Capitol Hill majorities in January, there has been much talk regarding the economic stimulus package. Yes, it will cost $168 billion, but what does it actually do for individuals?
      The stimulus package is designed to help the country moderate the worst effects of a slowing economy and perhaps even avoid a recession. The idea is to encourage spending and with more spending to increase economic activity. While the theory looks good on paper, it will likely take months or years to know if it actually works.
     From a personal perspective the

Mortgage Rates
U.S. averages as of March 27, 2008:

30 yr. fixed:   5.85%
15 yr. fixed:   5.34%
1 yr. adj:        5.24%
30 yr. jumbo:  6.98%



View current rates





January stimulus package has five major components that will immediately impact individuals with an interest in real estate.
      1. Checks from Uncle Sam: According to the White House, taxpayers can receive rebates of up to $600
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Wondering What Your Home Is Worth?

Let me show you.





Is Your Credit Score As
High As You Think?


     It is common to assume that paying bills on time automatically means having a high credit score. Unfortunately, that's not always the case. There are many misperceptions about how scores are calculated -- and yours could be lower than you might expect.
      Credit scores are used by financial institutions to determine whether they should lend money to a potential borrower and, if so, what interest rate should be charged. A higher score means an applicant is statistically less likely to default on the loan so they get a lower interest rate.
      Ignoring your credit score could be a costly mistake. As an example, let's say you bought a $400,000 house with a 30-year fixed-rate mortgage at a 6-percent interest rate. Over the term of the loan, you would pay interest charges of $463,354. If, however, you had a lower score and your bank bumped your interest rate up to 8 percent, you would pay interest charges of $656,619. That's a hefty difference of $193,265. CONTINUED >>>




Appealing Your
Property Tax Bill


     If your property tax is aligned with or assessed based on the value of your home, a swing in property values could warrant close scrutiny of your property tax bill.
      Some more progressive tax jurisdictions will make the adjustment for you -- up or down -- but most only move your rate up or they'll wait for the property to change hands before adjusting the tax. Even where adjustments are automatic, you still may not be satisfied and will need to appeal the deal.
      Over valued or over assessed property is perhaps the most common and successful grounds for challenging your tax bill.
      When the economy is faltering and spawning foreclosures, short sales and homeowners otherwise bailing out of homeownership, consider it a red flag -- it's time to scrutinize your property tax bill.
      Many homeowners bailout, accept the foreclosure or take the short sale way out because their mortgage is more than the value of the home, which may have fallen for a variety of reasons.
      The incidence of incorrectly calculated property tax bills may also warrant a close inspection of your property tax bill or an appeal.
      Many errors in calculating your property tax bill also stem from clerical 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.




The Ins and Outs Of
Painting Your House


     Putting a fresh coat of paint on your home will prolong the life of its skin, pump up the value, and revive its curb appeal, all important additions, especially when it's time to sell.
      The benefits you'll get assumes, of course, the job of slathering on the latex or oil-based paint is professionally performed.
      The pros make it look easy, but that's because they've been at it for quite a while. Painting your home isn't a do-it-yourself job unless you've got the know how, the proper tools and enough time off from painting the town red.
      When hiring a professional, ask relatives, friends, co-workers and others you trust -- and who've recently enjoyed a
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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
E-mail: llang@melfosterco.com
Web: http://www.luckylang.com/
(563) 676-9031

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


Equal Housing Opportunity

 

It looks like we're turning the corner!  This is a great time to buy a home!

For more information on what this recent market information from the Quad Cities means to you please call:

LUCKY LANG, QUAD-CITIES FAVORITE REALTOR®

Lucky Lang, Realtor ®           Licensed in Iowa & Illinois

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

Cell: (563) 676-9031    Office: (563) 823-2213    Fax: (563) 459-6720    Toll Free: (800) 791-8132 Ext. 2213

LuckyLang.com

Don't let this great real estate buying opportunity pass you by!!!

593 Clover Hill Lane, LeClaire, Iowa 52753

5535 Delton Drive, Davenport, Iowa 52804

1432 Rhinelander Drive, Davenport, IA 52804 - SOLD!!!

219 Colony Drive, Davenport, Iowa 52806

Lot 1, Shabonee Estates, Route 84, Rapids City, Illinois 61275

334 S. Elmwood Avenue, Davenport, Iowa 52802

420 E. 6th Street, Davenport, Iowa 52803

Call Lucky @ (563) 676-9031

 

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

Home Search

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

Comment balloon 4 commentsLucky Lang • April 19 2008 12:53PM

Comments

Lucky, great use of your newsletter. I hope we have turn that corner.
Posted by Frank Rubi, FrankRubiRealEstate.com (Frank Rubi Real Estate, LLC) almost 11 years ago

Frank,

Me, too!  I just had my 15th listing sell since the first of the year!  My business has never been so good!

Thanks for stopping by and commenting!

Lucky :)

Posted by Lucky Lang, Marco Island & Naples Florida Real Estate (Keller Williams Realty Marco Island) almost 11 years ago
Lucky - I enjoy reading the links on this Market Report. The more I know, the better I can get. Thanks much.
Posted by Chuck Dellorto, "Talk To Chuck" (Coldwell Banker - Serving INDIANA & ILLINOIS) almost 11 years ago

Chuck,

Glad to be of help!

Take care,

Lucky :)

Posted by Lucky Lang, Marco Island & Naples Florida Real Estate (Keller Williams Realty Marco Island) almost 11 years ago

Participate