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	<title>Breaking SRQ News</title>
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	<link>http://breakingsrqnews.com</link>
	<description>All Sarasota County in Real Time</description>
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		<title>Why we want to retweet your tweets and get your word out</title>
		<link>http://breakingsrqnews.com/why-we-want-to-retweet-your-tweets-and-get-your-word-out/</link>
		<comments>http://breakingsrqnews.com/why-we-want-to-retweet-your-tweets-and-get-your-word-out/#comments</comments>
		<pubDate>Thu, 26 Jan 2012 18:04:05 +0000</pubDate>
		<dc:creator>Pat Kitano</dc:creator>
				<category><![CDATA[How to get involved]]></category>
		<category><![CDATA[Hyperlocal]]></category>
		<category><![CDATA[Social Media]]></category>

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		<description><![CDATA[If you arrived here from one of our Breaking News Twitter links, welcome! The Breaking News Network is a national hyperlocal network in over 300 cities dedicated to community service and social media sourced news. Each city in our network is managed by locals. If you&#8217;re a business, civic group, arts organization or good cause, [...]]]></description>
			<content:encoded><![CDATA[<p>If you arrived here from one of our Breaking News Twitter links, welcome! <a href="http://thebreakingnewsnetwork.com">The Breaking News Network</a> is a national hyperlocal network in over 300 cities dedicated to community service and social media sourced news. Each city in our network is managed by locals.</p>
<p>If you&#8217;re a business, civic group, arts organization or good cause, and you&#8217;re actively using Twitter to share your community news, events, initiatives, or even reviews, we&#8217;ll automatically retweet your messages to our community follower base.</p>
<p><strong>Why?</strong></p>
<p>We firmly believe in the power of social media at the local level. Most of your daily errands, your business and your livelihood is really done within walking and driving distance. We want to empower you to be able to reach your local audience via our 300 Twitter feeds.</p>
<p>Again, we are community service media. We believe in Buy Local. We want to <a href="http://breakingcauses.com">help our local causes</a>. We will never charge you a cent for helping you get your word out, ever.</p>
<p><strong>How?</strong></p>
<p>You can tweet through our Breaking News Twitter feed (whatever city you are from) simply by adding our Breaking News Twitter handle (like <a href="http://twitter.com/breakingsfnews">@breakingsfnews</a>) at the end of your tweet. And follow our Twitter feed <a href="http://twitter.com/thebnn">@theBNN</a> so we&#8217;re alerted to you.</p>
<p><a href="http://thebreakingnewsnetwork.com/files/2012/01/Screen-shot-2012-02-04-at-11.35.07-PM.png"><img class=" wp-image-483 alignnone" title="@thebnn twitter feed" src="http://thebreakingnewsnetwork.com/files/2012/01/Screen-shot-2012-02-04-at-11.35.07-PM.png" alt="" width="384" height="389" /></a></p>
<p>&nbsp;</p>
<p>The tweet will show up instantly like this on our Breaking News Twitter feed:</p>
<p><a href="http://thebreakingnewsnetwork.com/files/2012/01/Screen-shot-2012-02-04-at-11.37.52-PM.png"><img class="alignnone  wp-image-484" title="@breakingsfnews twitter feed" src="http://thebreakingnewsnetwork.com/files/2012/01/Screen-shot-2012-02-04-at-11.37.52-PM.png" alt="" width="341" height="167" /></a></p>
<p>&nbsp;</p>
<p><strong>We&#8217;ll authorize you</strong></p>
<p>When you send out a tweet to us the first time, it will not get retweeted automatically. We will do it manually.</p>
<p>We will check your Twitter feed. If it meets our standards of good local community content (no spam or self promotional Twitter history), we will authorize you to allow you to tweet through our Breaking News Twitter feed any time simply by mentioning the local Breaking News Twitter feed (like @breakingsfnews).</p>
<p>We will tweet back to you that you have been authorized.<em> </em>We use <a href="http://grouptweet.com">Grouptweet</a> to facilitate this all for you and highly recommend them for developing your own collaborative Twitter system (easier to use than CoTweet and Hootsuite!)</p>
<p>Oh, and contact me at @<a href="http://twitter.com/pkitano">pkitano</a> or thebreakingnewsnetwork@gmail if you&#8217;re still unsure about these instructions.</p>
<p>Our Twitter feeds are managed by locals. We&#8217;re looking forward to helping you get your word out!</p>
<p>&nbsp;</p>
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		<title>Americans Bullish on Home Ownership Despite Economy, So Why Won’t Washington Listen?</title>
		<link>http://breakingsrqnews.com/americans-bullish-on-home-ownership-despite-economy-so-why-won%e2%80%99t-washington-listen/</link>
		<comments>http://breakingsrqnews.com/americans-bullish-on-home-ownership-despite-economy-so-why-won%e2%80%99t-washington-listen/#comments</comments>
		<pubDate>Tue, 19 Jul 2011 19:21:40 +0000</pubDate>
		<dc:creator>sammygiordano</dc:creator>
				<category><![CDATA[Scroll]]></category>

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		<description><![CDATA[By: Matt Dornic Published: July 13, 2011 If you&#39;re worried about the future of home ownership in America, you have good reason. The nation&#39;s economy is struggling. But it&#39;s not just the rising unemployment rate (up to 9.2% in June 2011) that&#39;s deferring home ownership for many. Some outlandish proposals on Capitol Hill are also [...]]]></description>
			<content:encoded><![CDATA[<div class='posterous_autopost'><b> </b>
<div class="Section2">
<p class="Small"><span>By: Matt Dornic<br /> Published: July 13, 2011</span></p>
<p>  </span></p>
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<p> <span style="font-size: 10.0pt; font-family: Arial;"><br style="" /> </span>
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<p class="FirstPar"><span>If you&#39;re worried about the future of home ownership in America, you have good reason. The nation&#39;s economy is struggling. But it&#39;s not just the rising unemployment rate (up to 9.2% in June 2011) that&#39;s deferring home ownership for many. Some outlandish proposals on Capitol Hill are also weighing heavily on the hearts and minds of home owners, sellers, and potential buyers.</span></p>
</p></div>
</p></div>
<p> <span style="font-size: 10.0pt; font-family: Arial;"><br style="" /> </span>
<p><span>If you&#39;re worried about the future of home ownership in America, you have good reason. The nation&#39;s economy is struggling. But it&#39;s not just the rising unemployment rate (up to 9.2% in June 2011) that&#39;s deferring home ownership for many. Some outlandish proposals on Capitol Hill are also weighing heavily on the hearts and minds of home owners, sellers, and potential buyers.</span></p>
<p><span>But despite financial woes, a decline in home prices (down 4.6% in May 2011 year over year, according to NATIONAL ASSOCIATION OF REALTORS&amp;reg;&#39; stats), and a ludicrous legislative attack, a new poll suggests that the dream of owning a home is still alive and well in the United States. According to research (<a href="http://www.cbsnews.com/8301-503544_162-20075544-503544.html?tag=cbsnewsLeadStoriesArea">http://www.cbsnews.com/8301-503544_162-20075544-503544.html?tag=cbsnewsLeadStoriesArea</a>) conducted by CBS News and The New York Times, a whopping nine out of 10 Americans say home ownership is still an important goal. More than half of those surveyed described it as &quot;very important.&quot; Did you hear that, Congress?</span></p>
<p><span><span style=""> </span>With so much enthusiasm for home ownership, it&#39;s tough to understand how some lawmakers are blatantly disregarding their constituents and proposing legislation that would further cripple the market. According to the CBS/NYT poll, almost half of Americans believe the government should be doing more to improve the housing market. But the hard reality is that some in Washington are putting the American dream out of reach.</span></p>
<p><span>Federal regulators, for instance, in an attempt to tighten lending standards, have put forth a proposal that would punish home buyers who put down less than a 20% downpayment by hiking their interest rates almost two percentage points. The proposal would create a high downpayment hurdle for first-time and low-income home buyers and make refinancing much more expensive for credit-worthy home owners.</span></p>
<p><span>If you agree that 20% down is just too high for hard-working, creditworthy Americans, send a message to the U.S. Department of Housing and Urban Development, which is accepting comments until Aug. 1.</span></p>
<p><span>Another important revelation from the poll is that nine in 10 of those surveyed say it&#39;s important to maintain the mortgage interest deduction; six in 10 call the MID &quot;very important.&quot; Yet the President and some members of Congress have suggested repealing the longtime tax credit (<a href="http://www.houselogic.com/blog/taxes/home-owners-have-good-reason-hide-uncle-sam-wants-more/">http://www.houselogic.com/blog/taxes/home-owners-have-good-reason-hide-uncle-sam-wants-more/</a>), which would mean an annual hit of more than $3,000 to the average itemizing home owner. So why is the government ignoring the voices of those they were elected to represent?</span></p>
<p><span><span style=""> </span>America has spoken: The government needs to take note, advance home ownership, and abandon proposals that would hinder the housing market. If our representatives won&#39;t listen, the 2012 elections are a great opportunity to find some who will.</span></p>
<p><i><span><span style=""> </span>What do you think of the various federal efforts to tighten downpayment rules and reduce home owner tax breaks?</span></i></p>
<p style="font-size: 10px;">  <a href="http://posterous.com">Posted via email</a>   from <a href="http://sammygiordano.posterous.com/americans-bullish-on-home-ownership-despite-e">Sammy Giordano&#8217;s Posterous</a>  </p>
</p></div>
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		<title>7 Hot Home Improvement Trends that Make Your Home Work for You</title>
		<link>http://breakingsrqnews.com/7-hot-home-improvement-trends-that-make-your-home-work-for-you/</link>
		<comments>http://breakingsrqnews.com/7-hot-home-improvement-trends-that-make-your-home-work-for-you/#comments</comments>
		<pubDate>Tue, 31 May 2011 22:27:58 +0000</pubDate>
		<dc:creator>sammygiordano</dc:creator>
				<category><![CDATA[Scroll]]></category>

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		<description><![CDATA[div class=&#8217;posterous_autopost&#8217;bdiv p class=&#8221;Small&#8221;spanArticle From HouseLogic.combr //span/p/div div class=&#8221;Section2&#8243; p class=&#8221;Small&#8221;spanBy: Lisa Kaplan Gordonbr / Published: May 13, 2011br //span/p/div div class=&#8221;Section3&#8243; div style=&#8221;border: none; padding: 0in 0in 15.0pt 0in;&#8221; p class=&#8221;FirstPar&#8221;spanHome improvement trends embrace energy efficiency, low maintenance exteriors, and double-duty space./span/p /div /div span style=&#8221;font-size: 10.0pt; font-family: Arial;&#8221;br style=&#8221;" / /span pspanToday#39;s home [...]]]></description>
			<content:encoded><![CDATA[<p>div class=&#8217;posterous_autopost&#8217;bdiv p class=&#8221;Small&#8221;spanArticle From HouseLogic.combr //span/p/div div class=&#8221;Section2&#8243; p class=&#8221;Small&#8221;spanBy: Lisa Kaplan Gordonbr / Published: May 13, 2011br //span/p/div div class=&#8221;Section3&#8243; div style=&#8221;border: none; padding: 0in 0in 15.0pt 0in;&#8221; p class=&#8221;FirstPar&#8221;spanHome improvement trends embrace energy efficiency, low maintenance exteriors, and double-duty space./span/p /div /div span style=&#8221;font-size: 10.0pt; font-family: Arial;&#8221;br style=&#8221;" / /span pspanToday#39;s home improvement trends show that we like our houses to work harder and smarter for the money we spend maintaining and improving their value./span/p pspanspan style=&#8221;"          /span/spanspan style=&#8221;font-family: Arial Narrow;&#8221;•/spanspanWe no longer want bigger; instead, we want space that#39;s flexible, efficient, and brings order to chaos.p /  /span/p pspanspan style=&#8221;"          /span/spanspan style=&#8221;font-family: Arial Narrow;&#8221;•/spanspanWe#39;re watching our wattage with monitors and meters, and guarding our weekends with maintenance-free exteriors.p /  /span/p pspanHere#39;s a look at 7 hot home improvement trends that improve the way we live with our homes./span/p h2spanTrend #1: Maintenance-free siding/span/h2 pspanWe continue to choose maintenance-free siding (a href=&#8221;http://www.houselogic.com/articles/siding-guide-options/&#8221;http://www.houselogic.com/articles/siding-guide-options//a) that lives as long as we do, but with a lot less upkeep. But more and more we#39;re opting for fiber-cement siding, one of the fastest-growing segments of the siding market. It#39;s a combination of cement, sand, and cellulosic fibers that looks like wood but won#39;t rot, combust, or succumb to termites and other wood-boring insects.p /  At $5 to $9 per sq. ft., installed, fiber-cement siding is more expensive than paint-grade wood, vinyl, and aluminum siding. It returns 80% of investment, the highest return of any upscale project on Remodeling magazine#39;s latest Cost vs. Value Report (a href=&#8221;http://www.remodeling.hw.net/2010/costvsvalue/national.aspx&#8221;http://www.remodeling.hw.net/2010/costvsvalue/national.aspx/a).p /  Maintenance is limited to a cleaning and some caulking each spring. Repaint every 7 to 15 years. Wood requires repainting every 4 to 7 years./span/p pspanTrend #2: Convertible spaces/span/p pspanForget quot;museum roomsquot; we use twice a year (dining rooms and living rooms) and embrace convertible spaces that change with our whims.p /  Foldaway walls turn a private study into an easy-flow party space. Walls can consist of fancy, glass panels (a href=&#8221;http://www.nanawall.com/Support/Brochure.aspx&#8221;http://www.nanawall.com/Support/Brochure.aspx/a) ($600 to $1,600 per linear ft., depending on the system); or they can be simple vinyl-covered accordions ($1,230 for 7 ft. by 10 ft.). PortablePartions.com sells walls on wheels ($775 for approximately 7 ft. by 7 ft.).p /  A Murphy bed pulls down from an armoire-looking wall unit and turns any room into a guest room. Prices, including installation and cabinetry, range from $2,000 (twin with main cabinet) to more than $5,000 (California king with main and side units). Just search online for sellers.p /  And don#39;t forget area rugs that easily define, and redefine, open spaces./span/p pspanTrend #3: A laundry room of your own/span/p pspanHumankind advanced when the laundry room arose from the basement to a louvered closet on the second floor where clothes live. Now, we#39;re taking another step forward by granting washday a room of its own.p /  If you#39;re thinking of remodeling, turn a mudroom or extra bedroom into a dedicated laundry room (a href=&#8221;http://www.houselogic.com/articles/laundry-room-storage-5-naked-truths/&#8221;http://www.houselogic.com/articles/laundry-room-storage-5-naked-truths//a) big enough to house the washer and dryer, hang hand-washables, and store bulk boxes of detergent.p /  Look for spaces that already have plumbing hookups or are adjacent to rooms with running water to save on plumbing costs./span/p pspanTrend #4: Souped-up kitchens/span/p pspanAlthough houses are trending smaller, kitchens are getting bigger, according to the American Institute of Architects#39; Home Design Trends Survey (a href=&#8221;http://www.aia.org/practicing/AIAB088157&#8243;http://www.aia.org/practicing/AIAB088157/a).p /  Kitchen remodels (a href=&#8221;http://www.houselogic.com/articles/7-smart-strategies-for-kitchen-remodeling/&#8221;http://www.houselogic.com/articles/7-smart-strategies-for-kitchen-remodeling//a) open the space, perhaps incorporating lonely dining rooms, and feature recycling centers, large pantries, and recharging stations.p /  Oversized and high-priced commercial appliances-did we ever fire up six burners at once?-are yielding to family-sized, mid-range models that recover at least one cabinet for storage (a href=&#8221;http://www.houselogic.com/articles/low-cost-kitchen-storage-cheap-stress-reduction/&#8221;http://www.houselogic.com/articles/low-cost-kitchen-storage-cheap-stress-reduction//a).p /  Since the entire family now helps prepare dinner (in your dreams), double prep sinks have evolved into dual-prep islands with lots of counter space and pull-out drawers (a href=&#8221;http://www.houselogic.com/articles/pull-out-shelves-gliding-hardworking-kitchen/&#8221;http://www.houselogic.com/articles/pull-out-shelves-gliding-hardworking-kitchen//a)./span/p pspanTrend #5: Energy diets/span/p pspanWe#39;re wrestling with an energy disorder: We#39;re binging on electronics-cell phones, iPads, Blackberries, laptops&#8211;then crash dieting by installing LED fixtures and turning the thermostat to 68 degrees.p /  Are we ahead of the energy game? Only the energy monitors (a href=&#8221;http://www.houselogic.com/articles/energy-monitors-seeing-believing-and-saving/&#8221;http://www.houselogic.com/articles/energy-monitors-seeing-believing-and-saving//a) and meters know for sure.p /  These new tracking devices can gauge electricity usage of individual electronics ($20 to $30) or monitor whole house energy (a href=&#8221;http://planetgreen.discovery.com/tech-transport/pick-home-energy-monitor.html&#8221;http://planetgreen.discovery.com/tech-transport/pick-home-energy-monitor.html/a) ($100 to $250). The TED 5000 Energy Monitor ($240) supplies real-time feedback that you can view remotely and graph by the second, minute, hour, day, and month./span/p pspanTrend #6: Love that storage/span/p pspanAs we bow to the new god of declutter, storage has become the holy grail./span/p pspanWe#39;re not talking about more baskets we can trip over in the night; we#39;re imagining and discovering built-in storage in unlikely spaces (a href=&#8221;http://www.houselogic.com/slideshows/7-storage-solutions-you-didnt-know-you-had/&#8221;http://www.houselogic.com/slideshows/7-storage-solutions-you-didnt-know-you-had//a) &#8211;under stairs, over doors, beneath floors.p /  Under-appreciated nooks that once displayed antique desks are growing into built-ins for books and collections. Slap on some doors, and you can hide office supplies and buckets of Legos.p /  Giant master suites, with floor space to land a 747, are being divided to conquer clutter with more walk-in closets./span/p pspanTrend #7: Home offices come out of the closet/span/p pspanFlexible work schedules, mobile communications, and entrepreneurial zeal are relocating us from the office downtown to home.p /  Laptops and wireless connections let us telecommute from anywhere in the house, but we still want a dedicated space (preferably with a door) for files, supplies, and printers.p /  Spare bedrooms are becoming home offices and family room niches are morphing into working nooks. After a weekend of de-cluttering, basements (a href=&#8221;http://www.houselogic.com/articles/evaluate-your-house-basement-finishing/&#8221;http://www.houselogic.com/articles/evaluate-your-house-basement-finishing//a) and attics (a href=&#8221;http://www.houselogic.com/articles/attic-bedroom-top-features/&#8221;http://www.houselogic.com/articles/attic-bedroom-top-features//a) are reborn as work centers.p /  iLisa Kaplan Gordon is a HouseLogic contributor and homebuilder./i/span/p/b      p style=&#8221;font-size: 10px;&#8221;  a href=&#8221;http://posterous.com&#8221;Posted via email/a   from a href=&#8221;http://sammygiordano.posterous.com/7-hot-home-improvement-trends-that-make-your&#8221;Sammy Giordano&#8217;s Posterous/a  /p  /div</p>
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		<title>7 Steps to Take Before You Buy a Home</title>
		<link>http://breakingsrqnews.com/7-steps-to-take-before-you-buy-a-home-2/</link>
		<comments>http://breakingsrqnews.com/7-steps-to-take-before-you-buy-a-home-2/#comments</comments>
		<pubDate>Tue, 24 May 2011 20:51:30 +0000</pubDate>
		<dc:creator>sammygiordano</dc:creator>
				<category><![CDATA[Scroll]]></category>

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		<description><![CDATA[div class=&#8217;posterous_autopost&#8217;div class=&#8221;WordSection1&#8243;pbspan style=&#8221;line-height: 125%; font-family: Arial,sans-serif; color: #002060;&#8221;/span/b/ph1div class=&#8217;p_embed p_image_embed&#8217; img alt=&#8221;Image001&#8243; height=&#8221;120&#8243; src=&#8221;http://posterous.com/getfile/files.posterous.com/sammygiordano/J3efmz83l3P5nWKhWk3NuO7SB3HL4n8kegNyFwdDlnd7fYq6rte9jl3XVyac/image001.jpg&#8221; width=&#8221;238&#8243; / /div span/span/h1p class=&#8221;Small&#8221;span/span/pp class=&#8221;Small&#8221;span/span/pp class=&#8221;Small&#8221;span/span/pp class=&#8221;Small&#8221;spanArticle From BuyAndSell.HouseLogic.comp //span/p/divspan style=&#8221;font-size: 10.0pt; font-family: Arial,sans-serif;&#8221;br style=&#8221;" //spandiv class=&#8221;WordSection2&#8243;p class=&#8221;Small&#8221;spanBy: G. M. Filiskobr /Published: February 10, 2010p //span/p/divspan style=&#8221;font-size: 10.0pt; font-family: Arial,sans-serif;&#8221;br style=&#8221;" //spandiv class=&#8221;WordSection3&#8243;div style=&#8221;border: none; padding: 0in 0in 15.0pt [...]]]></description>
			<content:encoded><![CDATA[<p>div class=&#8217;posterous_autopost&#8217;div class=&#8221;WordSection1&#8243;pbspan style=&#8221;line-height: 125%; font-family: Arial,sans-serif; color: #002060;&#8221;/span/b/ph1div class=&#8217;p_embed p_image_embed&#8217; img alt=&#8221;Image001&#8243; height=&#8221;120&#8243; src=&#8221;http://posterous.com/getfile/files.posterous.com/sammygiordano/J3efmz83l3P5nWKhWk3NuO7SB3HL4n8kegNyFwdDlnd7fYq6rte9jl3XVyac/image001.jpg&#8221; width=&#8221;238&#8243; / /div span/span/h1p class=&#8221;Small&#8221;span/span/pp class=&#8221;Small&#8221;span/span/pp class=&#8221;Small&#8221;span/span/pp class=&#8221;Small&#8221;spanArticle From BuyAndSell.HouseLogic.comp //span/p/divspan style=&#8221;font-size: 10.0pt; font-family: Arial,sans-serif;&#8221;br style=&#8221;" //spandiv class=&#8221;WordSection2&#8243;p class=&#8221;Small&#8221;spanBy: G. M. Filiskobr /Published: February 10, 2010p //span/p/divspan style=&#8221;font-size: 10.0pt; font-family: Arial,sans-serif;&#8221;br style=&#8221;" //spandiv class=&#8221;WordSection3&#8243;div style=&#8221;border: none; padding: 0in 0in 15.0pt 0in;&#8221;p class=&#8221;FirstPar&#8221;spanBy doing your homework before you buy, you&#8217;ll feel more content about your new home./span/p/div/divspan style=&#8221;font-size: 10.0pt; font-family: Arial,sans-serif;&#8221;br style=&#8221;" //spandiv class=&#8221;WordSection4&#8243;pspanMost potential homebuyers are a smidge daunted by the fact that they&#8217;re about to agree to a hefty mortgage that they&#8217;ll be paying for the next few decades. The best way to relieve that anxiety is to be confident you&#8217;re purchasing the best home at a price you can afford with the most favorable financing. These seven steps will help you make smart decisions about your biggest purchase./span/ph2span1. Decide how much home you can afford/span/h2pspanGenerally, you can afford a home priced 2 to 3 times your gross income. Remember to consider costs every homeowner must cover: property taxes, insurance, maintenance, utilities, and community association fees, if applicable, as well as costs specific to your family, such as day care if you plan to have children./span/ph2span2. Develop your home wish list/span/h2pspanBe honest about which features you must have and which you&#8217;d like to have. Handicap accessibility for an aging parent or special needs child is a must. Granite countertops and stainless steel appliances are in the bonus category. Come up with your top-five must-haves and top-five wants to help you focus your search and make a logical, rather than emotional, choice when home shopping./span/ph2span3. Select where you want to live/span/h2pspanMake a list of your top-five community priorities, such as commute time, schools, and recreational facilities. Ask your REALTORamp;reg; to help you identify three to four target neighborhoods based on your priorities./span/ph2span4. Start saving/span/h2pspanHave you saved enough money to qualify for a mortgage and cover your downpayment? Ideally, you should have 20% of the purchase price set aside for a downpayment, but some lenders allow as little as 5% down. A small downpayment preserves your savings for emergencies.p /However, the lower your downpayment, the higher the loan amount you&#8217;ll need to qualify for, and if you still qualify, the higher your monthly payment. Your downpayment size can also influence your interest rate and the type of loan you can get.p /Finally, if your downpayment is less than 20%, you&#8217;ll be required to purchase private mortgage insurance. Depending on the size of your loan, PMI can add hundreds to your monthly payment. Check with your state and local government for mortgage and downpayment assistance programs for first-time buyers./span/ph2span5. Ask about all the costs before you sign/span/h2pspanA downpayment is just one homebuying cost. Your REALTORamp;reg; can tell you what other costs buyers commonly pay in your area-including home inspections, attorneys&#8217; fees, and transfer fees of 2% to 7% of the home price. Tally up the extras you&#8217;ll also want to buy after you move-in, such as window coverings and patio furniture for your new yard./span/ph2span6. Get your credit in order/span/h2pspanA credit report details your borrowing history, including any late payments and bad debts, and typically includes a credit score. Lenders lean heavily on your credit report and credit score in determining whether, how much, and at what interest rate to lend for a home. Most require a minimum credit score of 620 for a home mortgage.p /You&#8217;re entitled to free copies of your credit reports (a href=&#8221;https://www.annualcreditreport.com/cra/index.jsp)&#8221;https://www.annualcreditreport.com/cra/index.jsp)/a annually from the major credit bureaus: Equifax (a href=&#8221;http://www.equifax.com&#8221;http://www.equifax.com/a), Experian (a href=&#8221;http://www.experian.com&#8221;http://www.experian.com/a), and TransUnion (a href=&#8221;http://www.transunion.com&#8221;http://www.transunion.com/a). Order and then pore over them to ensure the information is accurate, and try to correct any errors before you buy. If your credit score isn&#8217;t up to snuff, the easiest ways to improve it are to pay every bill on time and pay down high credit card debt./span/ph2span7. Get prequalified/span/h2pspanMeet with a lender to get a prequalification letter that says how much house you&#8217;re qualified to buy. Start gathering the paperwork your lender says it needs. Most want to see W-2 forms verifying your employment and income, copies of pay stubs, and two to four months of banking statements.p /If you&#8217;re self-employed, you&#8217;ll need your current profit and loss statement, a current balance sheet, and personal and business income tax returns for the previous two years.p /Consider your financing options. The longer the loan, the smaller your monthly payment. Fixed-rate mortgages offer payment certainty; an adjustable-rate mortgage offers a lower monthly payment. However, an adjustable-rate mortgage may adjust dramatically. Be sure to calculate your affordability at both the lowest and highest possible ARM rate./span/ph2spanMore from HouseLogic/span/h2pspanLearn how Fannie Mae and Freddie Mac mortgages can help you save on financing (a href=&#8221;http://www.houselogic.com/articles/how-fannie-mae-and-freddie-mac-save-you-money/)&#8221;http://www.houselogic.com/articles/how-fannie-mae-and-freddie-mac-save-you-mo&#8230;/ap /Learn more about the costs of homeownership (a href=&#8221;http://www.houselogic.com/articles/a-financial-plan-for-your-home/)&#8221;http://www.houselogic.com/articles/a-financial-plan-for-your-home/)/a/span/ph2span Other web resources/span/h2pspanHomebuyer counseling resources (a href=&#8221;http://www.hud.gov/offices/hsg/sfh/hcc/counslng.cfm)&#8221;http://www.hud.gov/offices/hsg/sfh/hcc/counslng.cfm)/a/span/ppspan Get a free credit report from each of the three credit reporting bureaus (a href=&#8221;https://www.annualcreditreport.com/cra/index.jsp)&#8221;https://www.annualcreditreport.com/cra/index.jsp)/a/span/ppspan G.M. Filisko is an attorney and award-winning writer who has thrice survived the homebuying process. A frequent contributor to many national publications including Bankrate.com, REALTORamp;reg; Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics./span/ppspan/span/p/div      p style=&#8221;font-size: 10px;&#8221;  a href=&#8221;http://posterous.com&#8221;Posted via email/a   from a href=&#8221;http://sammygiordano.posterous.com/7-steps-to-take-before-you-buy-a-home-0&#8243;Sammy Giordano&#8217;s Posterous/a  /p  /div</p>
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		<title>Schedule A Form: 6 Home Deduction Traps</title>
		<link>http://breakingsrqnews.com/schedule-a-form-6-home-deduction-traps/</link>
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		<pubDate>Thu, 10 Feb 2011 15:59:39 +0000</pubDate>
		<dc:creator>sammygiordano</dc:creator>
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		<description><![CDATA[div class=&#8217;posterous_autopost&#8217;div class=&#8221;WordSection1&#8243;h1img src=&#8221;http://posterous.com/getfile/files.posterous.com/sammygiordano/lgD26qxiTXCeks4U5HhfwQI2JdyimXMIWTigfE3RA4x0GrdEFRr2ma5p2mKU/image001.jpg&#8221; width=&#8221;238&#8243; height=&#8221;120&#8243;/ span/span/h1p class=&#8221;Small&#8221;span/span/pp class=&#8221;Small&#8221;span/span/pp class=&#8221;Small&#8221;spanArticle From HouseLogic.comp //span/p/divspan style=&#8221;font-size: 10.0pt; font-family: Arial,sans-serif;&#8221;br style=&#8221;" //spandiv class=&#8221;WordSection2&#8243;p class=&#8221;Small&#8221;spanBy: Barbara Eisner Bayerbr /Published: January 27, 2011p //span/p/divspan style=&#8221;font-size: 10.0pt; font-family: Arial,sans-serif;&#8221;br style=&#8221;" //spandiv class=&#8221;WordSection3&#8243;div style=&#8221;border: none; padding: 0in 0in 15.0pt 0in;&#8221;p class=&#8221;FirstPar&#8221;spanGet an quot;Aquot; on your Schedule A Form: Dodge these tax deduction [...]]]></description>
			<content:encoded><![CDATA[<p>div class=&#8217;posterous_autopost&#8217;div class=&#8221;WordSection1&#8243;h1img src=&#8221;http://posterous.com/getfile/files.posterous.com/sammygiordano/lgD26qxiTXCeks4U5HhfwQI2JdyimXMIWTigfE3RA4x0GrdEFRr2ma5p2mKU/image001.jpg&#8221; width=&#8221;238&#8243; height=&#8221;120&#8243;/ span/span/h1p class=&#8221;Small&#8221;span/span/pp class=&#8221;Small&#8221;span/span/pp class=&#8221;Small&#8221;spanArticle From HouseLogic.comp //span/p/divspan style=&#8221;font-size: 10.0pt; font-family: Arial,sans-serif;&#8221;br style=&#8221;" //spandiv class=&#8221;WordSection2&#8243;p class=&#8221;Small&#8221;spanBy: Barbara Eisner Bayerbr /Published: January 27, 2011p //span/p/divspan style=&#8221;font-size: 10.0pt; font-family: Arial,sans-serif;&#8221;br style=&#8221;" //spandiv class=&#8221;WordSection3&#8243;div style=&#8221;border: none; padding: 0in 0in 15.0pt 0in;&#8221;p class=&#8221;FirstPar&#8221;spanGet an quot;Aquot; on your Schedule A Form: Dodge these tax deduction pitfalls to save time, money, and an IRS investigation./span/p/div/divspan style=&#8221;font-size: 10.0pt; font-family: Arial,sans-serif;&#8221;br style=&#8221;" //spandiv class=&#8221;WordSection4&#8243;pspanSchedule A (a href=&#8221;http://www.irs.gov/pub/irs-pdf/f1040sa.pdf)&#8221;http://www.irs.gov/pub/irs-pdf/f1040sa.pdf)/a is the part of Form 1040 you use to list myriad deductions, and the more moving parts, the more prone you are to misinterpretation. To save you heartache, we asked four tax experts to weigh in on the six most common Schedule A mistakes do-it-yourselfers make./span/ph2spanTrap #1: Line 6 &#8211; real estate taxes/span/h2pspanYour monthly mortgage payment often includes money for a tax escrow (a href=&#8221;http://www.houselogic.com/articles/escrow-accounts-whats-deal/)&#8221;http://www.houselogic.com/articles/escrow-accounts-whats-deal/)/a, from which the lender pays your local real estate taxes.p /The money you send the bank may be more than what the bank pays for your taxes, says Julian Block, a tax attorney and author ofi Julian Block&#8217;s Home Seller&#8217;s Guide to Tax Savings/i. That will lead you to putting the wrong number on Schedule A.p /bExample:/b/span/ppspannbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; /spanspan style=&#8221;font-family: Arial Narrow,sans-serif;&#8221;#8226;/spanspanYour monthly payment to the lender: $2,000 for mortgage + $500 escrow for taxesp //span/ppspannbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; /spanspan style=&#8221;font-family: Arial Narrow,sans-serif;&#8221;#8226;/spanspanYour annual property tax bill: $5,500p //span/ppspanNow do the math:/span/ppspannbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; /spanspan style=&#8221;font-family: Arial Narrow,sans-serif;&#8221;#8226;/spanspanYour bank received $6,000 for real estate taxes, but only paid $5,500. It may keep the extra $500 to apply to the next tax bill or refund it to you at some point, but meanwhile, you&#8217;re making a mistake if you enter $6,000 on Schedule A.p //span/ppspannbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; /spanspan style=&#8221;font-family: Arial Narrow,sans-serif;&#8221;#8226;/spanspanInstead, take the number from Form 1098-which your bank sends you each year-that shows the actual taxes paid.p //span/ppspanTrap #2: Line 6 &#8211; tax calculations for recent buyers and sellers/span/ppspan/span/ppspan If you bought or sold a home in the middle of 2010, figuring out what to put on line 6 of your Schedule A Form is tricky.p /Don&#8217;t simply enter the number from your property tax (a href=&#8221;http://www.houselogic.com/articles/common-property-tax-exemptions/)&#8221;http://www.houselogic.com/articles/common-property-tax-exemptions/)/a bill on line 6 as you would if you owned the house the whole year. If you bought or sold a house in midyear, you should instead use the property tax amount listed on your HUD-1 closing statement, says Phil Marti, a retired IRS official.p /Here&#8217;s why: Generally, depending on the local tax cycle, either the seller gives the buyer money to pay the taxes when they come due or, if the seller has already paid taxes, the buyer reimburses the seller at closing. Those taxes are deductible that year, but won&#8217;t be reflected on your property tax bill./span/ppspanTrap #3: Line 10 &#8211; properly deducting points/span/ppspanbr /You can deduct points paid on a refinance (a href=&#8221;http://www.houselogic.com/articles/deduct-mortgage-interest-home-equity-loans/)&#8221;http://www.houselogic.com/articles/deduct-mortgage-interest-home-equity-loans/)/a, but not all at once, says David Sands, a CPA with Buchbinder Tunick amp; Co LLP. Rather, you deduct them over the life of your loan. So if you paid $1,000 in points for a 10-year refinance, you&#8217;re entitled to deduct only $100 per year on your Schedule A Form./span/ppspanTrap #4: Line 10 &#8211; HELOC limits/span/ppspanIf you took out a home equity line of credit (a href=&#8221;http://www.houselogic.com/articles/consider-home-equity-line-of-credit/)&#8221;http://www.houselogic.com/articles/consider-home-equity-line-of-credit/)/a (HELOC), you can generally deduct the interest on it only up to $100,000 of debt each year, says Matthew Lender, a CPA with EisnerLubin LLP.p /For example, if you have a HELOC for $200,000, the bank will send you Form 1098 for interest paid on $200,000. But you can deduct only the interest paid on $100,000. If you just pull the number off Form 1098, you&#8217;ll deduct more than you&#8217;re entitled to./span/ppspanTrap #5: line 13 &#8211; Private mortgage insurance/span/ppspanYou can deduct PMI (a href=&#8221;http://www.houselogic.com/articles/deduct-private-mortgage-insurance/)&#8221;http://www.houselogic.com/articles/deduct-private-mortgage-insurance/)/a on your Schedule A Form, as long as you started paying the insurance after Dec. 31, 2006. (Also, this is also a good time to review your PMI: You might be able to cancel your PMI (a href=&#8221;http://www.houselogic.com/articles/cancel-your-private-mortgage-insurance/)&#8221;http://www.houselogic.com/articles/cancel-your-private-mortgage-insurance/)/a altogether because you&#8217;ve had a change in loan-to-value status.)/span/ppspanTrap #6: line 20 &#8211; casualty and theft losses/span/ppspanYou can deduct part or all of losses caused by theft, vandalism, fire, or similar causes (a href=&#8221;http://www.houselogic.com/articles/tax-deductions-disaster-related-losses/)&#8221;http://www.houselogic.com/articles/tax-deductions-disaster-related-losses/)/a, as well as corrosive drywall, but the process isn&#8217;t always obvious or simple:/span/ppspannbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; /spanspan style=&#8221;font-family: Arial Narrow,sans-serif;&#8221;#8226;/spanspanOnly deduct losses that are greater than 10% of your adjusted gross income (line 38 of Form 1040).p //span/ppspannbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; /spanspan style=&#8221;font-family: Arial Narrow,sans-serif;&#8221;#8226;/spanspanFill out Form 4684, which involves complex calculations for the cost basis and fair market value. This form gives you the number you need for line 20.p //span/ppbspanBottom line on line 20:/span/bspan If you&#8217;ve got extensive losses, it&#8217;s best to consult a tax pro. quot;I wouldn&#8217;t do it myself, and I&#8217;ve been dealing with taxes for 40 years,quot; says former IRS official Marti.p /Barbara Eisner Bayer has written about personal finance for the past 17 years. She works hard to translate IRSese into plain English. She has unbounded respect for CPAs./span/ppbspan style=&#8221;line-height: 125%; font-family: Arial,sans-serif; color: #002060;&#8221;/span/b/p/div      p style=&#8221;font-size: 10px;&#8221;  a href=&#8221;http://posterous.com&#8221;Posted via email/a   from a href=&#8221;http://sammygiordano.posterous.com/schedule-a-form-6-home-deduction-traps&#8221;Sammy Giordano&#8217;s Posterous/a  /p  /div</p>
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		<title>Consumer Confidence Index hits 8-month high</title>
		<link>http://breakingsrqnews.com/consumer-confidence-index-hits-8-month-high-2/</link>
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		<pubDate>Wed, 26 Jan 2011 14:32:08 +0000</pubDate>
		<dc:creator>sammygiordano</dc:creator>
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		<description><![CDATA[div class=&#8217;posterous_autopost&#8217;p style=&#8221;margin-right: 0in; margin-bottom: 12.0pt; margin-left: 0in; background: white;&#8221;bspan style=&#8221;font-size: 12.0pt; font-family: Arial,sans-serif; color: #333333;&#8221;WASHINGTON (AP) #8211; Jan. 25, 2011 #8211; The Consumer Confidence Index rose in January to its highest level in eight months with Americans growing a little more confident about the job market and business conditions.p /The Conference Board said Tuesday [...]]]></description>
			<content:encoded><![CDATA[<p>div class=&#8217;posterous_autopost&#8217;p style=&#8221;margin-right: 0in; margin-bottom: 12.0pt; margin-left: 0in; background: white;&#8221;bspan style=&#8221;font-size: 12.0pt; font-family: Arial,sans-serif; color: #333333;&#8221;WASHINGTON (AP) #8211; Jan. 25, 2011 #8211; The Consumer Confidence Index rose in January to its highest level in eight months with Americans growing a little more confident about the job market and business conditions.p /The Conference Board said Tuesday its Consumer Confidence Index climbed to 60.6 this month, up from 53.3 in December. While that reading was better than economists had expected, confidence is still far from the 90 level that signals a healthy consumer mindset.p /The January figure was the highest since last May#8217;s 62.7. At that time, consumer attitudes were improving as economic growth seemed to be taking off. However, the economy stalled in the summer, and so did confidence.p /Confidence has been depressed by unemployment that surged during the country#8217;s worst recession since the 1930s and has stayed stubbornly high even though the downturn ended in June 2009. Confidence has not been above 90 since the recession began in December 2007.p /However, moods may be lifting a bit. A new survey from the National Association for Business Economics reported Monday that the number of firms expressing positive hiring plans was at its highest level in 12 years.p /In the Conference Board survey, the percentage of people surveyed who felt jobs were hard to get fell slightly to 43.4 percent from 46 percent in December. The share who expected to see more jobs six months from now rose to 16 percent from 14.2 percent.p /While confidence has stayed weak since the recession ended in summer 2009, consumer spending has been picking up. During the 2010 holiday shopping season, sales increased at the fastest rate in six years.p /Economists are hoping that consumer confidence will keep improving in 2011 as the economy begins to show greater signs of strength and unemployment declines.p /The jobless rate fell to 9.4 percent in December from 9.8 percent in November, but the economy added only 103,000 jobs. Employers added 1.1 million jobs for all of 2010, or about 94,000 a month. The nation still has 7.2 million fewer jobs than it did in December 2007, when the recession began.p /But many economists expect the nation will create twice as many jobs this year as it did last year. They note that people who still have jobs are not as worried about losing them as they might have been a year ago, and that people are spending more.p /Economists expect that a tax cut which took effect in January #8211; reducing the amount taken out of workers#8217; paychecks to pay for Social Security #8211; will also lead to greater spending in the new year.br /img src=&#8221;http://posterous.com/getfile/files.posterous.com/sammygiordano/0tGAHvN6PtEzHY1uzuUFogFnlBBMGWuSRjdXCtj4IxcNUbHnIiLMeRfyJVlN/image001.jpg&#8221; width=&#8221;40&#8243; height=&#8221;30&#8243;/ Copyright copy; 2011 The Associated Press, Martin Crutsinger, AP economics writer./span/b/p      p style=&#8221;font-size: 10px;&#8221;  a href=&#8221;http://posterous.com&#8221;Posted via email/a   from a href=&#8221;http://sammygiordano.posterous.com/consumer-confidence-index-hits-8-month-high&#8221;Sammy Giordano&#8217;s Posterous/a  /p  /div</p>
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		<title>Consumer Confidence Index hits 8-month high</title>
		<link>http://breakingsrqnews.com/consumer-confidence-index-hits-8-month-high/</link>
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		<pubDate>Wed, 26 Jan 2011 14:26:01 +0000</pubDate>
		<dc:creator>sammygiordano</dc:creator>
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		<description><![CDATA[div class=&#8217;posterous_autopost&#8217;p style=&#8221;margin-right: 0in; margin-bottom: 12.0pt; margin-left: 0in; background: white;&#8221;bspan style=&#8221;font-size: 12.0pt; font-family: Arial,sans-serif; color: #333333;&#8221;WASHINGTON (AP) #8211; Jan. 25, 2011 #8211; The Consumer Confidence Index rose in January to its highest level in eight months with Americans growing a little more confident about the job market and business conditions.p /The Conference Board said Tuesday [...]]]></description>
			<content:encoded><![CDATA[<p>div class=&#8217;posterous_autopost&#8217;p style=&#8221;margin-right: 0in; margin-bottom: 12.0pt; margin-left: 0in; background: white;&#8221;bspan style=&#8221;font-size: 12.0pt; font-family: Arial,sans-serif; color: #333333;&#8221;WASHINGTON (AP) #8211; Jan. 25, 2011 #8211; The Consumer Confidence Index rose in January to its highest level in eight months with Americans growing a little more confident about the job market and business conditions.p /The Conference Board said Tuesday its Consumer Confidence Index climbed to 60.6 this month, up from 53.3 in December. While that reading was better than economists had expected, confidence is still far from the 90 level that signals a healthy consumer mindset.p /The January figure was the highest since last May#8217;s 62.7. At that time, consumer attitudes were improving as economic growth seemed to be taking off. However, the economy stalled in the summer, and so did confidence.p /Confidence has been depressed by unemployment that surged during the country#8217;s worst recession since the 1930s and has stayed stubbornly high even though the downturn ended in June 2009. Confidence has not been above 90 since the recession began in December 2007.p /However, moods may be lifting a bit. A new survey from the National Association for Business Economics reported Monday that the number of firms expressing positive hiring plans was at its highest level in 12 years.p /In the Conference Board survey, the percentage of people surveyed who felt jobs were hard to get fell slightly to 43.4 percent from 46 percent in December. The share who expected to see more jobs six months from now rose to 16 percent from 14.2 percent.p /While confidence has stayed weak since the recession ended in summer 2009, consumer spending has been picking up. During the 2010 holiday shopping season, sales increased at the fastest rate in six years.p /Economists are hoping that consumer confidence will keep improving in 2011 as the economy begins to show greater signs of strength and unemployment declines.p /The jobless rate fell to 9.4 percent in December from 9.8 percent in November, but the economy added only 103,000 jobs. Employers added 1.1 million jobs for all of 2010, or about 94,000 a month. The nation still has 7.2 million fewer jobs than it did in December 2007, when the recession began.p /But many economists expect the nation will create twice as many jobs this year as it did last year. They note that people who still have jobs are not as worried about losing them as they might have been a year ago, and that people are spending more.p /Economists expect that a tax cut which took effect in January #8211; reducing the amount taken out of workers#8217; paychecks to pay for Social Security #8211; will also lead to greater spending in the new year.br /img src=&#8221;http://posterous.com/getfile/files.posterous.com/sammygiordano/kc0eEjfYlbMvCy4CPGp5v9a0JBjzt8w8OTeYbWLRljTDsjZmVLSJA9cmMAAb/image001.jpg&#8221; width=&#8221;40&#8243; height=&#8221;30&#8243;/ Copyright copy; 2011 The Associated Press, Martin Crutsinger, AP economics writer./span/b/p      p style=&#8221;font-size: 10px;&#8221;  a href=&#8221;http://posterous.com&#8221;Posted via email/a   from a href=&#8221;http://sammygiordano.posterous.com/consumer-confidence-index-hits-8-month-high&#8221;Sammy Giordano&#8217;s Posterous/a  /p  /div</p>
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		<title>U.S. has best employment outlook in 12 years</title>
		<link>http://breakingsrqnews.com/u-s-has-best-employment-outlook-in-12-years/</link>
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		<pubDate>Mon, 24 Jan 2011 23:44:17 +0000</pubDate>
		<dc:creator>sammygiordano</dc:creator>
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		<description><![CDATA[div class=&#8217;posterous_autopost&#8217;pbspan style=&#8221;font-size: 12.0pt; font-family: Arial,sans-serif; color: #333333;&#8221;WASHINGTON (AP) #8211; Jan. 24, 2011 #8211; Industry economists say the U.S. economic recovery is gaining strength, with more firms expressing positive hiring plans than in over a decade.p /A new survey from the National Association for Business Economics (NABE) finds that economists are more hopeful about overall [...]]]></description>
			<content:encoded><![CDATA[<p>div class=&#8217;posterous_autopost&#8217;pbspan style=&#8221;font-size: 12.0pt; font-family: Arial,sans-serif; color: #333333;&#8221;WASHINGTON (AP) #8211; Jan. 24, 2011 #8211; Industry economists say the U.S. economic recovery is gaining strength, with more firms expressing positive hiring plans than in over a decade.p /A new survey from the National Association for Business Economics (NABE) finds that economists are more hopeful about overall economic growth, the job market and demand for companies#8217; products and services by many measures than they have been since the start of the Great Recession.p /The survey found that business decisions are now #8220;being driven by the fundamentals of an improving economy,#8221; said Shawn DuBravac, an economist with the Consumer Electronics Association who analyzed the findings.p /The quarterly survey includes the views of 84 economists for private companies and trade groups who are NABE members. The data are reported by broad industry groups. Many results are expressed as Net Rising Index, or NRI #8211; the percentage of panelists reporting better outlooks minus the percentage whose outlook is bleaker.p /The number of economists who saw hiring by their firms increasing over the next six months was 42 percent, compared with 7 percent who expected to lay off workers. The NRI of 35 was the highest in the 12 years that the question has been asked.p /However, more layoffs were expected in the transportation, utility, information and communications sectors.p /That optimism followed increased hiring by the economists#8217; firms during the quarter ended Dec. 31. About one-third of those surveyed said hiring had improved at their companies, compared with 6 percent who said workers were laid off. The NRI of 28 represented a 10-point increase over the previous quarter.p /All major industry groups saw more demand for their products and services, the sixth straight quarter of positive results. Demand grew by slightly less than in the previous quarter, but has held relatively steady since last spring, the NABE said.p /Eighty-two percent of the economists expected the nation#8217;s economy to grow by two to four percent in 2011, up from 54 percent in October. The latest government data had the economy growing at a 2.6-percent annual rate in the July-September quarter.p /Economists who saw their companies#8217; profits grow in the final quarter of 2010 outpaced those who saw margins shrink by an NRI of 21 percent #8211; the largest spread since 2005.p /Only 6 percent expected their firms to cut back on capital spending, the long-term investment that creates crucial demand for big-ticket manufactured items. Most expected to invest more in the next 12 months.p /More than half of those surveyed said they were selling to overseas markets. Within that group, 97 percent said foreign sales were increasing or unchanged.p /The survey was conducted between Dec. 17 and Jan. 5.br /img src=&#8221;http://posterous.com/getfile/files.posterous.com/sammygiordano/tlb8ExCkci1YITIVRPj1c8CdpWUxsvPoXUn6DPfoDBoHUEdX7sP0MbkAEOFq/image001.jpg&#8221; width=&#8221;40&#8243; height=&#8221;30&#8243;/ Copyright copy; 2011 The Associated Press, Daniel Wagner, AP business writer./span/bbspan style=&#8221;font-size: 12.0pt;&#8221;/span/b/p      p style=&#8221;font-size: 10px;&#8221;  a href=&#8221;http://posterous.com&#8221;Posted via email/a   from a href=&#8221;http://sammygiordano.posterous.com/us-has-best-employment-outlook-in-12-years&#8221;Sammy Giordano&#8217;s Posterous/a  /p  /div</p>
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		<title>7 Steps To Take Before You Buy A Home</title>
		<link>http://breakingsrqnews.com/7-steps-to-take-before-you-buy-a-home/</link>
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		<pubDate>Fri, 07 Jan 2011 15:07:53 +0000</pubDate>
		<dc:creator>sammygiordano</dc:creator>
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		<description><![CDATA[div class=&#8217;posterous_autopost&#8217;p class=&#8221;byline&#8221;span style=&#8221;color: black;&#8221;By: G. M. Filisko /span/pp class=&#8221;dateline&#8221;span style=&#8221;color: black;&#8221;Published 2010-02-10 11:24:53/span/ppspan style=&#8221;color: black;&#8221;By doing your homework before you buy, you#8217;ll feel more content about your new home./span/ppspan style=&#8221;color: black;&#8221;embed name=&#8221;flashObj&#8221; src=&#8221;http://c.brightcove.com/services/viewer/federated_f8/1465406675&#8243; pluginspage=&#8221;http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash&#8221; type=&#8221;application/x-shockwave-flash&#8221; height=&#8221;412&#8243; flashvars=&#8221;videoId=586318038001amp;playerId=1465406675amp;viewerSecureGatewayURL=https://console.brightcove.com/services/amfgatewayamp;servicesURL=http://services.brightcove.com/servicesamp;cdnURL=http://admin.brightcove.comamp;domain=embedamp;autoStart=falseamp;&#8221; base=&#8221;http://admin.brightcove.com&#8221; width=&#8221;486&#8243;/embed/span/ppspan style=&#8221;color: black;&#8221;Follow these steps to ensure your home search is fun and productive./span/ppspan style=&#8221;color: black;&#8221;Most [...]]]></description>
			<content:encoded><![CDATA[<p>div class=&#8217;posterous_autopost&#8217;p class=&#8221;byline&#8221;span style=&#8221;color: black;&#8221;By: G. M. Filisko /span/pp class=&#8221;dateline&#8221;span style=&#8221;color: black;&#8221;Published 2010-02-10 11:24:53/span/ppspan style=&#8221;color: black;&#8221;By doing your homework before you buy, you#8217;ll feel more content about your new home./span/ppspan style=&#8221;color: black;&#8221;embed name=&#8221;flashObj&#8221; src=&#8221;http://c.brightcove.com/services/viewer/federated_f8/1465406675&#8243; pluginspage=&#8221;http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash&#8221; type=&#8221;application/x-shockwave-flash&#8221; height=&#8221;412&#8243; flashvars=&#8221;videoId=586318038001amp;playerId=1465406675amp;viewerSecureGatewayURL=https://console.brightcove.com/services/amfgatewayamp;servicesURL=http://services.brightcove.com/servicesamp;cdnURL=http://admin.brightcove.comamp;domain=embedamp;autoStart=falseamp;&#8221; base=&#8221;http://admin.brightcove.com&#8221; width=&#8221;486&#8243;/embed/span/ppspan style=&#8221;color: black;&#8221;Follow these steps to ensure your home search is fun and productive./span/ppspan style=&#8221;color: black;&#8221;Most potential homebuyers are a smidge daunted by the fact that they#8217;re about to agree to a hefty mortgage that they#8217;ll be paying for the next few decades. The best way to relieve that anxiety is to be confident you#8217;re purchasing the best home at a price you can afford with the most favorable financing. These seven steps will help you make smart decisions about your biggest purchase./span/ph3span style=&#8221;color: black;&#8221;1. Decide how much home you can afford/span/h3pspan style=&#8221;color: black;&#8221;Generally, you can afford a home priced 2 to 3 times your gross income. Remember to consider costs every homeowner must cover: property taxes, insurance, maintenance, utilities, and community association fees, if applicable, as well as costs specific to your family, such as day care if you plan to have children./span/ph3span style=&#8221;color: black;&#8221;2. Develop your home wish list/span/h3pspan style=&#8221;color: black;&#8221;Be honest about which features you must have and which you#8217;d like to have. Handicap accessibility for an aging parent or special needs child is a must. Granite countertops and stainless steel appliances are in the bonus category. Come up with your top-five must-haves and top-five wants to help you focus your search and make a logical, rather than emotional, choice when home shopping./span/ph3span style=&#8221;color: black;&#8221;3. Select where you want to live/span/h3pspan style=&#8221;color: black;&#8221;Make a list of your top-five community priorities, such as commute time, schools, and recreational facilities. Ask your REALTORreg; to help you identify three to four target neighborhoods based on your priorities./span/ph3span style=&#8221;color: black;&#8221;4. Start saving/span/h3pspan style=&#8221;color: black;&#8221;Have you saved enough money to qualify for a mortgage and cover your downpayment? Ideally, you should have 20% of the purchase price set aside for a downpayment, but some lenders allow as little as 5% down. A small downpayment preserves your savings for emergencies. p /However, the lower your downpayment, the higher the loan amount you#8217;ll need to qualify for, and if you still qualify, the higher your monthly payment. Your downpayment size can also influence your interest rate and the type of loan you can get. p /Finally, if your downpayment is less than 20%, you#8217;ll be required to purchase private mortgage insurance. Depending on the size of your loan, PMI can add hundreds to your monthly payment. Check with your state and local government for mortgage and downpayment assistance programs for first-time buyers./span/ph3span style=&#8221;color: black;&#8221;5. Ask about all the costs before you sign/span/h3pspan style=&#8221;color: black;&#8221;A downpayment is just one homebuying cost. Your REALTORreg; can tell you what other costs buyers commonly pay in your area#8212;including home inspections, attorneys#8217; fees, and transfer fees of 2% to 7% of the home price. Tally up the extras you#8217;ll also want to buy after you move-in, such as window coverings and patio furniture for your new yard./span/ph3span style=&#8221;color: black;&#8221;6. Get your credit in order/span/h3pspan style=&#8221;color: black;&#8221;A credit report details your borrowing history, including any late payments and bad debts, and typically includes a credit score. Lenders lean heavily on your credit report and credit score in determining whether, how much, and at what interest rate to lend for a home. Most require a minimum credit score of 620 for a home mortgage. p /You#8217;re entitled to a href=&#8221;https://www.annualcreditreport.com/cra/index.jsp&#8221; target=&#8221;_blank&#8221;free copies of your credit reports/a annually from the major credit bureaus: a href=&#8221;http://www.equifax.com&#8221; target=&#8221;_blank&#8221;Equifax/a, a href=&#8221;http://www.experian.com&#8221; target=&#8221;_blank&#8221;Experian/a, and a href=&#8221;http://www.transunion.com&#8221; target=&#8221;_blank&#8221;TransUnion/a. Order and then pore over them to ensure the information is accurate, and try to correct any errors before you buy. If your credit score isn#8217;t up to snuff, the easiest ways to improve it are to pay every bill on time and pay down high credit card debt./span/ph3span style=&#8221;color: black;&#8221;7. Get prequalified/span/h3pspan style=&#8221;color: black;&#8221;Meet with a lender to get a prequalification letter that says how much house you#8217;re qualified to buy. Start gathering the paperwork your lender says it needs. Most want to see W-2 forms verifying your employment and income, copies of pay stubs, and two to four months of banking statements. p /If you#8217;re self-employed, you#8217;ll need your current profit and loss statement, a current balance sheet, and personal and business income tax returns for the previous two years. p /Consider your financing options. The longer the loan, the smaller your monthly payment. Fixed-rate mortgages offer payment certainty; an adjustable-rate mortgage offers a lower monthly payment. However, an adjustable-rate mortgage may adjust dramatically. Be sure to calculate your affordability at both the lowest and highest possible ARM rate./span/ph3span style=&#8221;color: black;&#8221;More from HouseLogic/span/h3pspan style=&#8221;color: black;&#8221;a href=&#8221;http://www.houselogic.com/articles/how-fannie-mae-and-freddie-mac-save-you-money/&#8221; target=&#8221;_blank&#8221;Learn how Fannie Mae and Freddie Mac mortgages can help you save on financing/ap /a href=&#8221;http://www.houselogic.com/articles/a-financial-plan-for-your-home/&#8221; target=&#8221;_blank&#8221;Learn more about the costs of homeownership/a/span/ph3span style=&#8221;color: black;&#8221;Other web resources/span/h3pspan style=&#8221;color: black;&#8221;a href=&#8221;http://www.hud.gov/offices/hsg/sfh/hcc/counslng.cfm&#8221; target=&#8221;_blank&#8221;Homebuyer counseling resources/a/span/ppspan style=&#8221;color: black;&#8221;a href=&#8221;https://www.annualcreditreport.com/cra/index.jsp&#8221; target=&#8221;_blank&#8221;Get a free credit report from each of the three credit reporting bureaus/a/span/ppspan style=&#8221;color: black;&#8221;G.M. Filisko is an attorney and award-winning writer who has thrice survived the homebuying process. A frequent contributor to many national publications including Bankrate.com, REALTORreg; Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics./span/p      p style=&#8221;font-size: 10px;&#8221;  a href=&#8221;http://posterous.com&#8221;Posted via email/a   from a href=&#8221;http://sammygiordano.posterous.com/7-steps-to-take-before-you-buy-a-home&#8221;Sammy Giordano&#8217;s Posterous/a  /p  /div</p>
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		<title>How to Use Comparable Sales to Price Your Home</title>
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		<pubDate>Tue, 28 Dec 2010 21:54:19 +0000</pubDate>
		<dc:creator>sammygiordano</dc:creator>
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		<description><![CDATA[div class=&#8217;posterous_autopost&#8217;pspan style=&#8221;color: black;&#8221;Before you put your home up for sale, use the right comparable sales to find the perfect price./span/ppspan style=&#8221;color: black;&#8221;img src=&#8221;http://posterous.com/getfile/files.posterous.com/sammygiordano/Ktz2Op4FjLEOT9ypWSH6IKDUAfYbWI5X3QK0kn7zZZ774KMJy0orXl76U7NV/image001.jpg&#8221; width=&#8221;300&#8243; height=&#8221;200&#8243;/ /spanspan style=&#8221;color: black;&#8221;/span/ppspan style=&#8221;color: black;&#8221;A house is comparable to yours in price if it&#8217;s in the same neighborhood, on a similar street, and in the same school district. Image: [...]]]></description>
			<content:encoded><![CDATA[<p>div class=&#8217;posterous_autopost&#8217;pspan style=&#8221;color: black;&#8221;Before you put your home up for sale, use the right comparable sales to find the perfect price./span/ppspan style=&#8221;color: black;&#8221;img src=&#8221;http://posterous.com/getfile/files.posterous.com/sammygiordano/Ktz2Op4FjLEOT9ypWSH6IKDUAfYbWI5X3QK0kn7zZZ774KMJy0orXl76U7NV/image001.jpg&#8221; width=&#8221;300&#8243; height=&#8221;200&#8243;/ /spanspan style=&#8221;color: black;&#8221;/span/ppspan style=&#8221;color: black;&#8221;A house is comparable to yours in price if it&#8217;s in the same neighborhood, on a similar street, and in the same school district. Image: image100 Photography/Veer/span/ppspan style=&#8221;color: black;&#8221;How much can you sell your home for? Probably about as much as the neighbors got, as long as the neighbors sold their house in recent memory and their home was just like your home./span/ppspan style=&#8221;color: black;&#8221;Knowing how much homes similar to yours, called comparable sales (or in real estate lingo, comps), sold for gives you the best idea of the current estimated value of your home. The trick is finding sales that closely match yours./span/ph3span style=&#8221;color: black;&#8221;What makes a good comparable sale?/span/h3pspan style=&#8221;color: black;&#8221;Your best comparablenbsp;sale is the same model as your house in the same subdivision#8212;and it closed escrow last week. If you can#8217;t find that, here are other factors that count:p /strongLocation:/strong The closer to your house the better, but don#8217;t just use any comparablenbsp;sale within a mile radius. A good comparable sale is a house in your neighborhood, your subdivision, on the same type of street as your house, and in your school district.p /strongHome type:/strong Try to find comparable sales that are like your home in style, construction material, square footage, number of bedrooms and baths, basement (having one and whether it#8217;s finished), finishes, and yard size.p /strongAmenities and upgrades:/strong Is the kitchen new? Does the comparable sale house have full A/C? Is there crown molding, a deck, or a pool? Does your community have the same amenities (pool, workout room, walking trails, etc.) and homeowners association fees?p /strongDate of sale:/strong You may want to use a comparable sale from two years ago when the market was high, but that won#8217;t fly. Most buyers use government-guaranteed mortgages, and those lending programs say comparable sales can be no older than 90 days.p /strongSales sweeteners:/strong Did the comparable-sale sellers give the buyers downpayment assistance, closing costs, or a free television? You have to reduce the value of any comparable sale to account for any deal sweeteners./span/ph3span style=&#8221;color: black;&#8221;Agents can help adjust price based on insider insights/span/h3pspan style=&#8221;color: black;&#8221;Even if you live in a subdivision, your home will always be different from your neighbors#8217;. Evaluating those differences#8212;like the fact that your home has one more bedroom than the comparables or a basement office#8212;is one of the ways real estate agents add value. p /An active agent has been inside a lot of homes in your neighborhood and knows all sorts of details about comparable sales. She has read the comments the selling agent put into the MLS, seen the ugly wallpaper, and heard what other REALTORSreg;, lenders, closing agents, and appraisers said about the comparable sale./span/ph3span style=&#8221;color: black;&#8221;More ways to pick a homenbsp;listing price/span/h3pspan style=&#8221;color: black;&#8221;If you#8217;re still having trouble picking out a listing price for your home, look at the current competition. Ask your real estate agent to be honest about your home and the other homes on the market (and then listen to her without taking the criticism personally). p /Next, put your comparable sales into two piles: more expensive and less expensive. What makes your home more valuable than the cheaper comparable sales and less valuable than the pricier comparable sales?/span/ph3span style=&#8221;color: black;&#8221;Are foreclosures and short sales comparables?/span/h3pspan style=&#8221;color: black;&#8221;If one or more of your comparable sales was a foreclosed home or a short sale (a home that sold for less money than the owners owed on the mortgage), ask your real estate agent how to treat those comps./span/ppspan style=&#8221;color: black;&#8221;A foreclosed home is usually in poor condition because owners who can#8217;t pay their mortgage can#8217;t afford to pay for upkeep. Your home is in great shape, so the foreclosure should be priced lower than your home.p /Short sales are typically in good condition, although they are still distressed sales. The owners usually have to sell because they#8217;re divorcing, or their employer is moving them to Kansas./span/ppspan style=&#8221;color: black;&#8221;How much short sales are discounted from their market value varies among local markets. The average short-sale home in Omaha in recent years was discounted by 8.5%, according to a University of Nebraska at Omaha study. In suburban Washington, D.C., sellersnbsp;typically discount short-sale homes by 3% to 5% to get them quickly sold, real estate agents report. In other markets, sellers price short sales the same as other homes in the neighborhood.p /So you have to rely on your REALTOR#8217;sreg; knowledge of the local market to use a short sale as a comparable sale./span/ph3span style=&#8221;color: black;&#8221;More from HouseLogic/span/h3pspan style=&#8221;color: black;&#8221;a href=&#8221;http://buyandsell.houselogic.com/articles/what-you-must-know-home-appraisals/&#8221; target=&#8221;_blank&#8221;What You Must Know About Home Appraisals/ap /a href=&#8221;http://buyandsell.houselogic.com/articles/6-Reasons-To-Reduce-Your-Home-Price/&#8221; target=&#8221;_blank&#8221;6 Reasons to Reduce Your Home Price/a/span/ph3span style=&#8221;color: black;&#8221;Other web resources/span/h3pspan style=&#8221;color: black;&#8221;a href=&#8221;http://www.orps.state.ny.us/pamphlet/mv_estimates.htm&#8221; target=&#8221;_blank&#8221;New York State: #8220;How Estimates of Market Value are Determined for Residential Properties#8221;/ap /a href=&#8221;http://www.sbuweb.tcu.edu/mrodriguez/research/viewppr.pdf&#8221; target=&#8221;_blank&#8221;What#8217;s the Value of a View? Research from Texas Christian University/a/span/ppspan style=&#8221;color: black;&#8221;Carl Vogel, a freelance writer and former editor of The Neighborhood Works magazine, lives in a home in Chicago that is not typical of those nearby, so he appreciates a savvy comp./span/p      p style=&#8221;font-size: 10px;&#8221;  a href=&#8221;http://posterous.com&#8221;Posted via email/a   from a href=&#8221;http://sammygiordano.posterous.com/how-to-use-comparable-sales-to-price-your-hom&#8221;Sammy Giordano&#8217;s Posterous/a  /p  /div</p>
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