"Whether You Think You Can or Can't, You're Right"--Henry Ford

Happy Thanksgiving to all...it all begining with a feast to celebrate an exchange on knowledge. Today is a day of giving thanks... I would like thank everyone that has touched my life, you all have inspired me in one way or another. Thank you to my family & friends, thank you to my colleagues & acquaintances, I wish all of you the happiest Thanksgiving!

Do Not Pay Too Much for Your Home

How to Not Pay Too Much for Your Home

Whether you are buying your first home, or your fifth, the process of buying a home is a detailed, time-consuming venture. At the same time, it’s an emotional period laden with difficult choices. You want to ensure that the home you purchase meets your family’s needs now, and in the future.

Each of these decisions often involves money. When you consider all that money represents, you’ll want to ensure that you don’t pay too much. This article helps you become a savvy buyer, by pointing out some of the pitfalls inherent in the home-buying process. These include such things as knowing what you want before you begin shopping, taking your time to shop, choosing the right realtor, and remaining objective while viewing potential homes. With this information, you’ll be closer to finding your ideal home.

1. Before you shop, develop a needs vs. wants list Everyone has a picture of an ideal home. This would include all the features you not only need, but have long desired. However, when it comes time to buying a home, the desires cost more. While it’s nice to think about having a beautifully landscaped backyard, or a solarium, perhaps even some built-in appliances, these are usually considered luxury items, which can add considerably to the price of your home.
That’s why it’s a good idea to develop a needs and wants lists. With this list, begin with items you really need like adequate space, garage and number of bedrooms. For most people, basic needs should be considered first. After that, you could consider additional desires, if you can manage these benefits financially.
With such a list in your hands, you’re less likely to be caught up in the excitement of the pursuit. You’ll have a good idea of what you want, within you price range, and if you can afford those additional items.

2. Read more at my Real Estate website...

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My wife & I spent a day last week at a local vineyard La Belle Amie Vineyard http://ping.fm/jWs1t in the Little River area in North Myrtle Beach, S.C. we had a great time. We are planning to attend some of the festivals this fall. Bon Fire!

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Myrtle Beach Real Estate Investor Strategies...
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Investor Strategy...everyone should have one.

How do you manage your real estate investments when the market is falling?

The evidence is clear that the market is well below its peak: foreclosures are at a ten-year high, and there is a glut of new properties entering the market, just as the market is softening.

The people in the market who are suffering the most are the so-called “flippers”, the speculators, the overextended buyers, and those investors who took advantage of the no-money-down offers and 125% financing deals that were plentiful when the market was peaking.

BUY when prices are falling. A declining market gives a potential buyer plenty of time to shop for the “perfect” investment, a luxury not available in a bull market. Taking your time and doing your homework has the added benefit of mitigating the emotional impact of your real estate investments.

4 Months Left to Get $8K Home Buyer Tax Credit

The $8,000 first-time buyer tax credit program ends in just four short months. That means buyers need to be CLOSED on their homes by NOVEMBER 30th in order to receive the tax break.

What is the home buyer tax credit? It is a tax refund for 10% of a primary home’s purchase price (up to $8K). The amount not used on your 2010 tax return will be refunded directly to you.

Who is eligible to receive the credit? First-time home buyers and those who have not owned a principal residence in the last three years prior to purchase.

Do income limits apply? Yes. The full amount is given to individuals who make up to $75K and married couples who make up to $150K per year (adjusted gross annual income). The credit amount phases out between $75K and $95K for individuals; $150K and $170K for joint filers.

If you want to take advantage of the home buyer tax credit, contact the Beach Agent today to discuss your plans. Keep in mind it’s typically 45-60 days to close on a traditional real estate transaction (short sales and foreclosures can take much longer).

Read More @ http://beachagent-carolinaforestrealestate.blogspot.com/