June 23rd, 2010
Here is some information I came across on a free online service for landlords to use (or renters) in comparing rents in their neighborhood. Go to www.rentometer.com and simply enter the address and number of bedrooms for your rental property or prospective property and it will tell you the rent ranges for the neighborhood. It will also show you where the comparable properties are – pretty cool.
They do have a Pro version that will advertise your vacant rental, screen tenants, manage and communicate with tenants and contractors, collect rent checks automatically (paper or electronic with credit card processing), and more. The current pricing is $9.95/mo which includes up to 5 units, $24.95 per month for up to 25 units, and $59.95 per month for unlimited units. Adding rent payment management is $5.00 per unit.
For additional information on landlord and tenant services, go to www.rentometer.com.
If you are interested in purchasing a rental property to help with monthly cash flow, or just need some more information, feel free to give us a call or shoot an email.
Sincerely,
“Your Real Estate Power Team for Buying, Selling, and Investments.”
Theresa & Michael E. Du Bois
Nothnagle Realtors
Theresa 585.752.9453 (Residential Buyers & Sellers)
Michael 585.752.9454 (Real Estate Investors & Contractors)
TheDuBoisTeam@nothnagle.com
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June 21st, 2010
Anyone with an accepted purchase offer to buy a home awaiting closing that is trying to make the June 30th closing deadline for the tax credit will be interested to hear:
The Senate approved an extension of the June 30 deadline to CLOSE home sales until September 30 in order to qualify for the Homebuyer Tax Credit. The tax credit will still be $8000 for first time buyers and $6500 for existing homeowners.
The bill in which this amendment is contained, however, is still awaiting a vote of the full Senate, and then the job and tax bill that contains the amendment must have differences resolved with the House version of the bill before the change can be signed into law.
The extension amendment was proposed by Harry Reid of Nevada who said the Homebuyer Tax Credit program has helped to spur his own state’s much damaged housing market and to keep inventories of homes on the market low.
The National Association of Realtors® has indicated that around 180,000 homebuyers with contracts signed by April 30 will not make the June 30 tax credit deadline without the extension.
Source: http://www.rewealthcoach.com/2010/06/21/senate-votes-yes-for-homebuyer-extension/
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March 2nd, 2010
This just in from the New York State Association of Realtors.
My summary: NY home sales continue to climb – both in the volume of homes sold and in the median sales price!
Translation: You hear a lot of talk about the real estate recession and poor housing market. My advice is to take a look in your own back yard instead of listening to national forecasts and experts talk about the slump. Rochester are real estate is ahead of the game. What I get from this article? Optimism and opportunity!
“The New York state housing market posted an improved start to 2010 compared to the beginning of last year with sales increasing by 11 percent compared to January 2009, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS. The statewide median sales price jumped more than 30 percent compared to January 2009.
New York REALTORS sold 4,468 existing single-family homes in New York State in January 2010, an 11-percent increase compared to the January 2009 sales total of 4,024. January sales did lag behind the stronger than usual December 2009 market, when 7,403 homes were sold.
The January 2010 median sales price in New York State of $242,750 represents an increase of 30.5 percent compared to the January 2009 median of $186,085, and is 13-percent above the revised December 2009 median of $213,800.”
Click here to learn more.
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November 16th, 2009
The 3rd quarter housing report is out from the National Association of Realtors… Rochester real estate average price is up 6.9%. Congrats Westside! Brockport +10.23%, Spencerport +2.57%, Hilton +8.55%, Gates 14606 +23.35%, and Churchville +17.47%. Here is a link to the full report for Monroe County. If you are interested in learning about additional counties, or have a question on this report, feel free to respond to this post, or contact me at 585.752.9453 or michael.theresa@prudentialdiscover.com.
http://www.theduboisteam.com/real-estate-tips/docs/rochester-real-estate-Q3-2009.pdf
Regards,
Theresa Du Bois
585.752.9453
michael.theresa@prudentialdiscover.com
Become our Fan on Facebook and Follow us on Twitter for the latest real estate news and tips. Search under “The Du Bois Team”.
“Your Real Estate Power Team”
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November 10th, 2009
The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers.
The deadline for an accepted purchase offer is 4/30/10, and accepted offers at that time have an additional 60 days to close (closing deadline 6/30/10). Updates are available at:
http://www.federalhousingtaxcredit.com/
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October 13th, 2009
Reminder: First-time home buyers’ deadline to close on the home is 11/30/09 in order to qualify for the $8,000 tax credit. Although there has been talk of the government extending this credit, at this point nothing has been confirmed.
Video explaining the program:
http://www.youtube.com/watch?v=xRZiziAWOq0&feature=channel_page
If you have questions about the program, your tax return submittal, or are looking for the latest up-to-the-minute information about the tax credit:
http://twitter.com/FTHBtaxcredit
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