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Posts from October 2010

Ruhl&Ruhl REALTORS

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October
27

We're there!  Most economists are saying the economy has bottomed out.  Seize the opportunity while interest rates are at a 50 year low. (Today, as I write this article, October 12th, interest rates are at 4.125% for a 30-year loan with no points and at 3.75% for a 15-year loan with no points.  And for smart people who refinance from a 30-year loan to a 15-year loan, borrowers can pay about 60% less interest over the life of the loan and build their equity faster.) With what we know today, how many times have you kicked yourself because you could have bought a property in the past?  I just told my CFO these rates and heard him say he's considering refinancing his house at 3.75% to buy a rental property.  This is an opportunity ­not to be missed. The Next Six Months – Sellers Must Have Compelling Pricing The next six months wil...

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October
15

Davenport NOW, a city established, tax incentive program that launched in July of 2009, provides a 50% rebate of the City's share of property taxes for 10 years to people who build a home or renovate an existing property in Davenport, Iowa. With the Davenport NOW program there has never been a better time to make Davenport your home.  Davenport NOW was passed by Alderman to improve economic development, as well as provide more opportunities to small business owners in the construction and remodeling fields. As of August 2010, Davenport NOW has assisted with 160 projects, with a city investment through real estate tax rebates of more than $750,000. Properties in the program have also increased in assessed value by $27,880,539.  In August of 2010, the Davenport City Council approved the expansion of the Davenport NOW...

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October
8

Is your home squandering precious energy? Here's how you can search out areas of energy waste that may be costing you money. By following up on problems, you can lower energy bills by 5% to 30% annually. With annual energy bills averaging $2,200, investing in fixes or energy-efficient replacement products could save you up to $660 within a year. Leave the deerstalker hat and magnifying glass behind. All you'll need for energy sleuthing is a flashlight, screwdriver, paint stirrer, tape measure, and—not just for serenity's sake—a stick of incense.   1. Hunt down drafts. Hold a lit stick of incense near windows, doors, electrical outlets, range hoods, plumbing and ceiling fixtures, attic hatches, and ceiling fans in bathrooms—anywhere drafts might sneak in. Watch for smoke movement. Note what sources need caulk, sealant, weather-stripping, or insulation. 2. Check attic insulation. Winter or summe...

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