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Returning military have time to take advantage of homebuyers' tax credits

Returning military have time to take advantage of homebuyers' tax credits

 After a tour of six months of combat duty in Iraq, Ben Cooper proposed to his girlfriend Amanda Rockow when he returned home in October.

 The newly engaged couple decided they should start their life together by becoming first-time homebuyers.


And fortunately, they have an extra year to take advantage of the $8,000 tax credit for first-time homebuyers. Military personnel and certain other federal employees who served outside the country for at least 90 days have until next April to qualify for the tax credit offered to first-time buyers and the $6,500 credit available to repeat buyers.

The deadline has come and gone for most taxpayers, who had to enter into a contract to purchase a principal residence by April 30. But qualified service members could sign a contract by April 30, 2011 and still get the money.

Those who qualify include active duty or reservists or their spouses who serve on qualified official extended-duty service outside the country for at least 90 days between Jan. 1, 2009 and April 30, 2010. According to the IRS, only one spouse need be overseas on official extended duty for the required time to qualify.

Cooper did not know that the tax credit was extended for service members until he talked to his Realtor, Jim Kibby of Nothnagle Realtors in Hilton. The tax credit will be a tremendous help financially in affording his first home, says Cooper, 21. He is currently working three jobs to achieve his dream of home ownership and looking at homes in the $80,000 to $90,000 range in a rural or suburban area.

When he first started searching for homes in February, Cooper found the competition to be tough, with many buyers vying for homes in the same price range.

Now that the tax credit incentive has expired for most people, there's a bigger selection, Cooper says.

 

"There's a lot less competition and a lot more homes to choose from," Cooper says.

Indeed, there are fewer first-time buyers in the market in the post tax-credit era, says Kibby, Cooper's Realtor. That may give the people who are currently in the market an upper hand, he says.

"It'll help with negotiations," Kibby says.

 

If you are a service member thinking about buying a home, now is a good time to look, says Elaine Hanford, an agent at Nothnagle Realtors' Irondequoit office.

She is currently working with a military family where the husband is in Afghanistan, sending photos of the homes that his wife visited via e-mail.

That couple didn't know about the program until they met with a Realtor, she said.

 

"There's less competition and less stress," Hanford says of the current market.

Nine Ways to Improve a Home's Curb Appeal

Nine Ways to Improve a Home's Curb Appeal
HGTV’s real estate site, FrontDoor.com, offers some ways to make a home more appealing.

Restore the roof. Improve its appearance and keep it from leaking.
Clean up the driveway and walkways. They set the tone for the rest of the home.
Maintain the gutters. Clean out leaves and debris. Eliminate signs of water damage.
Pay attention to details. Install attractive street numbers, door hardware and a new mailbox.
Make the front door welcoming. Paint an old but solid one; replace one that is past its prime.
Light it up. Decorate with attractive outdoor lighting.
Paint offers big payoff for a low price. Just doing the shutters, trim and railings can help.
Spruce up the lawn. Mow, pull weeds and fertilize.
Add a WOW factor. Some beautiful plants will impress buyers.

10 Tips for Garage Door Safety

10 Tips for Garage Door Safety

RISMEDIA, June 14, 2010--There's good reason to keep the home's largest moving object in proper order. The garage door is often the largest entry point in the home. Consumers can bring garage door and opener safety awareness to the home front this summer--the International Door Association (IDA) and the Door & Access Systems Manufacturers Association (DASMA) have designated June as Garage Door Safety Month.

Overhead Door Corporation, one of the nation's leading manufacturer of overhead garage doors and openers under well-known brands like Overhead Door, Genie® and Wayne-Dalton, is offering consumers 10 safety and security tips to be protected throughout the year.

1. Make sure the garage door opener control button is out of the reach of small children. Do not let children play with garage door remote controls.

2. Never place fingers between door sections. Explain the dangers to children and consider pinch-resistant door panels.

3. Consult the owner's manual and learn how to use the garage door's emergency release feature.

4. Visually inspect the garage door each month. Look at springs, cables, rollers and pulleys for signs of wear. Do not attempt to remove, adjust or repair these parts or anything attached to them. These parts are under high tension, and should only be fixed by a trained door repairman.

5. Test the garage door opener's reversing mechanism monthly by placing a 2x4 board or a roll of paper towels in the door's path. If the door does not reverse after contacting the object, call a qualified garage door professional for repair. If the opener has not been replaced since 1993, seriously consider a new one with auto-reverse as a standard feature.

6. While on vacation, unplug the garage door opener unit or use a wall vacation lock console security switch, which renders remotes unusable and is an optional accessory to most openers.

7. Do not leave the garage door partially open. When activated again, it may travel downward and come in contact with an object in its path. This also compromises a home's security.

8. If the opener does not have rolling-code technology, which changes the access codes each time the opener is used to prevent code grabbing, be sure to change the manufacturer's standard access codes on the opener and remote control, or consider investing in a newer model with more safety and security features that are now standard.

9. Never leave the remote control in the car or with a parking attendant. A stolen opener or car leaves you more susceptible to home invasion.

10. Consider using a key chain remote and always lock the entry to the inside of your home, especially if your opener is programmed to your vehicle. It's a small inconvenience for safety and security.

10 Steps to Help Prevent Common Illnesses at Summer Camp

For Your Family: 10 Steps to Help Prevent Common Illnesses at Summer Camp

RISMEDIA, June 14, 2010--As summer sets in, nearly six million campers will attend summer camps in the U.S. And while summer is typically not know as cold or flu season, illnesses and injuries - some very serious - occur every year at hundreds of camps.

Flu viruses and infectious diseases spread quickly through camps due to the close contact of campers, soiled skin and surfaces and sharing of towels or clothes. Infectious diseases cause 20 percent of all illnesses among campers and staff members.(2) Additionally, sports camps have the added feature of common sports injuries that then make campers susceptible - through open wounds - to infection.

To help prepare for camp, parents should understand how to help prevent these illnesses and talk to their children. Ten prevention tips parents should share with their campers:

1. Throughout the day, wash hands with antimicrobial antiseptic soap or alcohol sanitizers, if a sink is not available.

2. Wash hands and forearms above the elbow immediately before sports using an antimicrobial wash or wipe that contains chlorhexidine gluconate (CHG), such as Hibiclens soap or Hibistat® wipes. This protects the skin from bacteria for up to 6 hours during skin-to-skin contact sports.

3. Shower as soon as possible after sports activity in hot water with an antimicrobial cleaner with four percent CHG, which kills germs (including Methicillin-resistant Staphylococcus aureus [MRSA], a type of staph infection that is resistant to many common antibiotics(2)) on contact and for up to six hours after washing.

4. Clean sports equipment after use and ensure it dries completely after cleaning. Use antimicrobial wipes or sprays on equipment that cannot be washed. Make sure the contact time is observed from the label instructions to insure disinfection.

5. Keep wounds covered with clean, dry bandages. Have them checked by a doctor if they are red or won't heal or if flu like symptoms develop (fever).

6. Put dirty clothes and towels in a separate bag, not in backpacks or sports bags with clean clothing.

7. Wash and dry clothes and towels on the hottest setting possible. Make sure all fabrics are completely dry before removing from the dryer.

8. Do not share any personal hygiene items, towels or clothing with others.

9. Know the signs and symptoms of common skin-to-skin contact illnesses including impetigo, ringworm and MRSA.

10. Tell a coach or camp counselor about a rash, bite or painful sore immediately.

Your Weekly Morning Coffee

Monday Morning Coffee

INSPIRATION FOR TODAY:

"What is more mortifying than to feel you've missed the Plum for want of courage to shake the Tree?"
~ Logan Pearsall Smith


WOULD YOU ENTER THE BLACK DOOR?

Many years ago, in a country far away, a ruthless dictator terrorized his prisoners. On their execution day, each prisoner was summoned for an audience with the cruel dictator. Standing face-to-face, the dictator gave each condemned man a final choice - to either face the firing squad - or go through the "black door."

Having experienced countless episodes of torture and cruelty already, the prisoners invariably chose death over the unknown terror that they imagined must lie beyond the "black door." Finally, the day came when the dictator himself lay on his deathbed. Curious, his inner circle of advisors asked him, "What lies beyond the 'black door'?" His answer? "Freedom!"

People are still making that choice today - choosing lives dampened by fear, rather than taking a chance on the unknown beyond the black door. That awful, scary feeling that comes from "fear of the unknown" is often just enough to keep us from breaking out into the clear light of day that illuminates our success.

The next time an opportunity presents itself, yet fear threatens to smother success, take time to understand your fear. Make a list of what you fear may happen. Write down the worst that could happen. Next, make a list of the benefits you would reap by taking positive action. When the benefits exceed the risks, the decision will become clear.

Get in the habit of setting clear, concise daily goals for yourself. As you set and achieve them, you will notice that "fear of the unknown" begins to fade. You will accomplish more in a day than you otherwise would in a month.

Finally, remember one of my favorite and often used quotes: "Fear knocked at the door. Faith answered. No one was there."

Your Weekly Morning Coffee

Monday Morning Coffee

INSPIRATION FOR TODAY:

"What is more mortifying than to feel you've missed the Plum for want of courage to shake the Tree?"
~ Logan Pearsall Smith


WOULD YOU ENTER THE BLACK DOOR?

Many years ago, in a country far away, a ruthless dictator terrorized his prisoners. On their execution day, each prisoner was summoned for an audience with the cruel dictator. Standing face-to-face, the dictator gave each condemned man a final choice - to either face the firing squad - or go through the "black door."

Having experienced countless episodes of torture and cruelty already, the prisoners invariably chose death over the unknown terror that they imagined must lie beyond the "black door." Finally, the day came when the dictator himself lay on his deathbed. Curious, his inner circle of advisors asked him, "What lies beyond the 'black door'?" His answer? "Freedom!"

People are still making that choice today - choosing lives dampened by fear, rather than taking a chance on the unknown beyond the black door. That awful, scary feeling that comes from "fear of the unknown" is often just enough to keep us from breaking out into the clear light of day that illuminates our success.

The next time an opportunity presents itself, yet fear threatens to smother success, take time to understand your fear. Make a list of what you fear may happen. Write down the worst that could happen. Next, make a list of the benefits you would reap by taking positive action. When the benefits exceed the risks, the decision will become clear.

Get in the habit of setting clear, concise daily goals for yourself. As you set and achieve them, you will notice that "fear of the unknown" begins to fade. You will accomplish more in a day than you otherwise would in a month.

Finally, remember one of my favorite and often used quotes: "Fear knocked at the door. Faith answered. No one was there."

10 Staging Tips to Help Your Home Sell

10 Staging Tips to Help Your Home Sell

By Jean PattesonPrint Article Print Article

RISMEDIA, March 19, 2010—(MCT)—Want to sell your home? Get out the bucket, mop and Mr. Clean. The key to making a positive first impression is simple, said Sandra Rinomato, host of HGTV’s popular “Property Virgins” show.

“Get it clean, clean, clean,” said Rinomato. “If your house isn’t clean, it instantly sends up negative thoughts that the home is not well maintained. If your house is spotless, you’re ahead of the game,” she said.

But don’t stop there, advised Rinomato. To increase your chances of making a sale, “stage” the house to make it as attractive as possible. Until recently, “Staging meant pulling out all the stops—setting the dining table with your best china and crystal, arranging flowers, lighting candles,” she said. “Now we take the minimalist approach. Basically, you want to strip the house to its bare essentials, depersonalize it so potential buyers can superimpose themselves and their lifestyle on the house.”

Rinomato offered the following tips for staging a home:

1. Visit model homes and examine shelter magazines for inexpensive decorating ideas. Always keep in mind you are not decorating for yourself but for the general public.

2. Start with the outside. Give the house a fresh coat of paint, add shiny hardware to the front door and plant a few flowers to send a subliminal message the house is loved and well cared for.

3. Declutter every room to make it look larger. Get rid of family pictures, trophies and knickknacks. Closets and drawers should be no more than 30% full.

4. Invest in eco-friendly but bright lights. Open the drapes or remove them completely. “Light, bright rooms give the impression this is a happy place—and everyone wants to move into a happy place,” said Rinomato.

5. Feature only a few pieces of furniture with mainstream appeal. Pull pieces away from walls to make rooms look bigger.

6. Make sure a room’s primary use is obvious. A bedroom should look like a bedroom, not an office, hobby center or gym.

7. Bedrooms and kitchens are difficult to stage because they are in daily use, but make the effort. Clear everything off the counters and nightstands, roll up the rugs and hide the laundry hamper. Buff the cabinets with car wax and clean under the sinks. Invest in pristine white bed linens and towels.

8. Minimize the “pet effect.” Remove food bowls and litter boxes to the utility room. Deodorize thoroughly.

9. Organize the utility room and garage. Hang up the bicycles, roll up the hose. Renting a storage locker is worth the cost if it helps you sell faster and for a higher price.

10. Once your house is staged, invite your friends or Realtor over and walk them through to get an objective opinion.

6 Backyard Improvement Ideas to Add More Value to Your Home

6 Backyard Improvement Ideas to Add More Value to Your Home

Print Article Print Article

RISMEDIA, June 10, 2010—If you’re like most homeowners, there is never a shortage of options when it comes to projects around the house. But studies have shown that some of the highest return on household improvements can come from those on the outside, not the inside.

A primary reason is that outside investments can produce curb appeal, which is especially important if you are planning to sell your home. Those same improvements can enhance the enjoyment factor if you and your family plan to stay in your home. 

For example, one national industry resource—the National Association of Realtors, reported recently their experience shows a new wood deck produces the second highest return on home improvement investment of any common addition, remodel or replacement project.

However projects don’t have to be big to add value or enjoyment, according to Jimmy Rane, president of Great Southern Wood Preserving, a leading producer of pressure-treated lumber products and maker of YellaWood brand products.

The following popular outside improvement projects will increase the curb appeal or value of a home: 

Adirondack chairs—Uniquely-American classic outdoor furniture is made entirely of wood and has a straight back and seat, which are set at a slant to sit comfortably on a hillside or mountain incline, but still be comfortable at any angle.

Gazebo—A gazebo can be freestanding or attached to a garden wall, roofed and open on all sizes to provide shade or shelter.

Planters and window boxes—Planters have become popular because they are both functional and ornamental. Additionally, some can be moved frequently to account for seasonal weather or just to create a change in scenery.

Picnic table—Picnic tables go well on a patio or a deck, but equally as well on the grass or under a tree in the yard. A traditional picnic table is all in one piece so that it wears well without a lot of maintenance.

Trellis—A trellis can function as a unique sun screen or it can be the framework for an outdoor hanging garden. Building it with pressure treated lumber can add life by minimizing rotting and other threats.

Trash can corral or compost bin—While many outdoor projects tend to be cosmetic in nature, here are two ideas that are both practical and pretty. With a trash can corral, you can hide unsightly trash cans and with a compost bin, you can reduce your own carbon footprint in a way that doesn’t take away from the visual appeal of the place.

Five Ways To Keep Your Kids Safe This Summer

Five Ways to Keep Your Kids Safe This Summer

By Kristen Gerencher

RISMEDIA, June 9, 2010--(MCT)--As summer approaches, so does the prime injury season for children. Parents have different ideas about how to keep their kids safe, but their assumptions don't always match up with some of the biggest known threats.

"By far, the leading cause of death in children is injuries, and there's a lot we can do to prevent those injuries," said Garry Gardner, a pediatrician in Darien, Ill., and chairman of the American Academy of Pediatrics' committee on injury, violence and poison prevention. "Injuries, in general, cause more deaths in kids over a year of age than the next seven leading causes of death combined."

Parents shouldn't underestimate their role in keeping their kids out of harm's way, said Alfred Sacchetti, an emergency physician at Our Lady of Lourdes Medical Center in Camden, N.J. "You are the No. 1 safety feature that comes with your child."

Here are some of the biggest safety risks for children during the summer and otherwise — and what you can do to minimize them.

1. Suffocation and strangulation. This pair is the leading cause of unintentional-injury deaths in children under age 1, according to the Centers for Disease Control and Prevention.

How to reduce the risk: Make sure your infant has a sleeping environment free of pillows and soft bedding, and put him or her to sleep on his back in a crib, rather than in a bed with adults. Also position the baby far away from loose or hanging cords.

Parents should use cribs with four fixed sides, rather than those with sides that drop down. With the latter, parts can more easily break, deform or detach, opening up spaces where youngsters can become entrapped and suffocate, according to the Consumer Product Safety Commission and Consumer Reports. Drop-side cribs have been responsible for 32 infant and toddler deaths in the past nine years, according to the Consumer Product Safety Commission, which has recalled 7 million such cribs since 2005.

Parents who use a drop-side crib should check the plastic slides regularly and tighten the hardware if necessary, said Don Mays, senior director for product safety at Consumer Reports. "If there's any missing or broken hardware, get rid of the crib," he said. "Don't try to fix it yourself."

2. Drowning. Among children ages 1 to 4, drowning is nearly tied with motor-vehicle accidents as the leading cause of death. Incidents frequently revolve around swimming pools and bathtubs.

How to reduce the risk: Never leave a child unattended in a bathtub or allow a kid to swim without supervision. Avoid making or answering phone calls; that's the biggest distraction for parents when children are in a bath or pool, sometimes with fatal results, Sacchetti said.

Home swimming pools should have a fence that wraps around all four sides of the pool instead of having one side open to the house, he said. Having four-sided fencing plus a separate pool-entrance gate can greatly reduce the likelihood of a child falling in and drowning.

Swimming lessons for kids over six months old can be fun, but parents shouldn't get a false sense of security because there's no such thing as drown-proofing your child, Gardner said. "I would recommend touch supervision under the age of three or four," he said, which means you're supervising your child in the pool or lake and they're only a hand reach away.

3. Motor-vehicle crashes. Car accidents are the leading cause of death among children over one year old, according to the CDC. And they account for as many as two-thirds of deaths among teenagers and young adults age 15 to 24.

How to reduce the risk: Using age-appropriate car seats is critical to boosting a small child's chances of surviving a crash, according to the National Highway Traffic Safety Administration.

Infants from birth to at least age 1 and 20 pounds should ride facing backward in a car seat placed in the back seat. After that, children should ride in the back seat using forward-facing toddler seats and then booster seats until regular seat belts fit properly—usually not until age 8 or when they're 4 feet 9 inches tall, the NHTSA said.

Parents can have their car-seat installation checked by a professional for free. The NHTSA's website lists car-safety experts by area.

4. Other car-related accidents. Nearly 42 percent of the nontraffic fatalities in children under age 15 between 2004 and 2008 happened because drivers backed over kids, who often were in the vehicles' blind spots, according to Kids and Cars, a nonprofit that tracks such accidents. More than 18 percent of nontraffic deaths occurred because children got heatstroke after being left in cars. Other risks include power-window strangulation, trunk entrapment and vehicles that are accidentally set in motion.

How to reduce the risk: Teach children not to play in or around cars and supervise them carefully around vehicles. Make sure kids aren't around before pressing the gas pedal.

It doesn't take long for a child left in a car to overheat and die. So drivers should put a stuffed animal in the front seat or a briefcase or purse in the back seat so they don't forget about the child in the back seat. "It can get very hot, lethally hot, very quickly, and children should never be allowed to be alone in a car ever, even for a moment," Gardner said.

5. Head injuries. Brain injuries remain among the most devastating for patients.

How to reduce the risk: Always use the proper car seat or seat belts. Make sure kids wear sport-specific helmets when they're playing sports or riding bicycles or skateboards. A child's aversion to helmets is no excuse for not wearing them, Sacchetti said. "Your responsibility is to be their parent, not their friend," he said. "The one thing you can't do is sacrifice their safety to make them like you."

(c) 2010, MarketWatch.com Inc.
Distributed by McClatchy-Tribune Information Services.

Plan to Find The Right Home

PLAN to find the "Right" Home

 

A wish without a plan is a dream.  While part of the American dream is owning a home, a plan is needed to find the “Right” home: the home that fits the buyer’s wants, abilities, and needs.  It all starts with a PLAN. 

 

As an acronym, the “P” stands for pre-approval which gives the buyer the confidence to know they’re going to find the “Right” home.  By knowing the amount of mortgage you can qualify for gives you peace of mind and eases anxieties.  You’ll be looking at the “Right” priced homes.  It gives you bargain power with the seller because it removes an unknown commodity.  The transaction will close quicker because only the title work and appraisal is left to do. 

Learning early in the process about unforeseen difficulties in the credit report will give you time to correct them.  Credit scores determine interest rates which will dramatically affect payments.  It is critical to qualify for the best rates available.  Pre-approval is the first step in the plan to find the “Right” home.

“L” stands for loan choices and there are lots of different choices available.  Fixed rate or adjustable?  With rates as low as they are currently, most people would choose a fixed but an adjustable may be the better choice if the buyer knew they were going to be in the home for a limited period of time.  The right decision is determined by which loan will give the buyer the least cost of housing.

 

The amount the buyer wants to commit to down payment will also determine which loan may be best.  If a person wants keep it to a minimum, FHA is a logical choice with a 3.5% down payment unless the buyer is a veteran and is eligible for 100% loan.  There is a possibility to avoid PMI on 90% loans.

“A” stands for available concessions that the seller may be willing to make on behalf of the buyer such as paying part or all of the closing costs and contributing to a buy down of the interest rate to make the payments lower.

“N” stands for negotiations which take place in every home sale.  Some parties are better at negotiating than others.  It is to a person’s negotiating advantage to have as much information about the transaction and its parties as well as the proper tools to communicate the concepts proposed.

The "Right" home without financing will never have the buyer's address.

Victoria Brink

 

By Pat Zaby

Displaying blog entries 11-20 of 113

Contact Information

Brink and Associates Anchorage Real Estate
Keller Williams Realty Alaska Group
101 W Bensen
Anchorage AK 99503
Victoria: 907-351-9434
Ron: 907-350-5603
Fax: 866-565-5062

 

 Anchorage Real Estate Agent

101 West Benson Blvd. Suite 503
Anchorage, AK 99503
Office: (907) 351-9434
Fax: (866) 565-5062

  

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About Victoria Brink and Associates Anchorage and Eagle River Alaska  Real Estate Website: The www.AKHOMESOLD.com web site provides Anchorage, Eagle River, Wasilla, Palmer, Alaska real estate information and resources to guide homeowners, homebuyers and real estate investors through the process of selling and buying a house, condo or other realty property in the Anchorage and Eagle River Alaska area. Victoria and Ron Brink   has services to help you get the best value for your Anchorage and Eagle river Alaska home and this website offers home buyers and home sellers a superior comparative market analysis (CMA), a way to view real estate and MLS IDX listings including virtual tours, prepare your home for sale, and more. Investors looking for real estate investment properties to invest in need look no farther. Anyone selling a home, buying a home or seeking housing can learn more about our realty services, and will appreciate working with a anchorage and eagle river alaska REALTOR who knows  the area so well. Through trusted partners, we also provide real estate and financial services to consumers looking for houses for sale or selling their home in Anchorage and Eagle River Alaska, such as mortgages, credit history, new homes, foreclosures and other services. If you've already tried to go the for sale by owner (FSBO) route and find you are needing a partner who you can trust in the sale of your most precious asset, Victoria and Ron brink with Brink and Associates at Keller Williams realty can take care of your special needs. It really doesn't matter if you spell it REALTOR, Realator or Realter, realty, realety or reality, real estate or realestate, Victoria and Ron Brink speak your language.

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