Is Foreclosure the End of Owning a Home?

By Lindsey, on December 2nd, 2011

It seems these days that everyone either has been through a foreclosure themselves or know someone who has. Buyers agents everywhere are speaking about how many foreclosures are flooding the market currently. With foreclosures being so prevalent in today’s society a common question arises:

Can I own a home again if I have foreclosed on a previous home?

The answer is YES! But for all of you who are quick to jump the gun, slow down. Take a deep breath. This isn’t going to be a quick turnaround. Most reputable financing companies have a three year or more waiting period after foreclosing.

A buyers agent can help direct you to the right company who can help you get back on your feet.

Think You Can’t Afford To Buy? Think Again!

By Lindsey, on June 10th, 2011

Rental prices have gone up dramatically. As with everything in the economy, the rates follow supply and demand. Now that there are more foreclosures, there are more people looking to rent homes. If the home prices aren’t enough to entice you to call your local buyers agent, maybe checking out local rent will be.

Rent is up almost 8% in the last 10 years according to CNN Money. In a Trulia report out of 50 cities that were covered, it was cheaper to buy in 36 of the cities than it was to rent!

Home buyers are overly cautious. In order to break the cycle of indecision, it is time to break out the calculators and do some real number crunching. Make sure you have a timeline of how long you will be renting vs how long you would stay in a home if you purchased it.  Start with the price-to-rent ratio. This means you divide the price of the house by the cost annually it would be to rent a similar one. If the rate ends up to be above 20%, it is generally smarter to rent if you are only planning on staying about 5-7 years.

Geothermal Under Where?

By Lindsey, on March 27th, 2011

Geothermal underwear? Is that like the new Under Armor? Wait, geothermal is under the ground…I get it.

I saw a commercial on tv recently promoting geothermal heat. Where I live oil heat is still the predominant source of heat for many homes. It is expensive, NOT earth friendly, and quite frankly prehistoric.

So the geothermal commercial intrigued me to find out more about this efficient, green heating system. Here is what I found out.

Apparently in Maine there is a way for homeowners to get 30% of the installation cost put towards a tax credit. Sounds good but is it worth it?

This is not a new concept by any means. Humans have been using the earth’s own heat in productive ways since the Paleolithic era, think hot springs. There are many left over minerals and solar energies that were absorbed when the earth was formed. The decay of these minerals is a little radioactive. So the decay along with the solar energy that is absorbed at the surface creates a heat that can be used to heat our homes with the help of a heat pump.