Wednesday, November 25, 2009

Things to be Thankful for II


It’s all perspective…if you own property, or if you’re thinking about owning property here are some items to consider giving thanks for:

If you’ve owned your own home since before 2000: give thanks for the nearly 120% appreciation you enjoyed before 2006 which means you’re home is still worth at LEAST 75% more than you paid for it.

If you purchased your home between 2000 - 2003, give thanks that it is likely still worth more than you paid for it.

If you purchased your home since 2003 and plan to live there for a long time be thankful that once we get through all of the foreclosures, appreciation on homes should return to the normal 2-4% per year (maybe more). Also be thankful for economic stimulus money that provides rebates and incentives for upgrading your home and making it more energy efficient.

If you purchased your home since 2003 and you would like to move, be happy for all of the programs that have been put into place to help you – loan modifications, existing home buyer tax credits and more. Although the home you’re selling is worth less, the home you’re buying is a lot cheaper too !

If you’re thinking of buying a home, be thankful that homes are much more affordable than they were 2 – 5 years ago, and for the $8,000 first time buyer home credit being extended to April 30, 2010.

Most of all, be thankful for family, good health and freedom.

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