Remodeling and decorating trends in 2010 are likely to reflect the fact that many home owners are settling in for the long haul.
Here are some ideas for updating homes and gardens from decorators and leading real estate practitioners:
Environmentally sensitive furniture. Natural fibers, sustainable woods, and recycled products are key to attracting environmentally concerned buyers.
Classic neutral colors. Deep gray browns and gray blues, muted beige, and chalky white will be particularly popular shades, Pittsburgh Paints predicts.
Backyard gardens. First Lady Michelle Obama led the way in 2009 when she installed one at the White House.
Backyard living. Wood-deck additions offer an 80.6 percent payback, according to the annual Cost vs. Value Report from Remodeling magazine and REALTOR® magazine. Simple fire pits and outdoor fireplaces also will be popular, trend-watchers say.
Made in America. As more people feel compelled to support local employment, U.S. manufactured products and antiques will become more popular, says Patricia Shackelford, author of design blog, Mrs. Blandings.
Monday, December 28, 2009
Tuesday, December 22, 2009
Keller Williams Realty Ranked as Top Real Estate Franchise by Industry Leader and Entrepreneur Magazine
AUSTIN, TEXAS (December 21, 2009) — Keller Williams Realty joined the ranks of the top franchises in the world last week, when the company was ranked as the No. 1 real estate franchise on the 31st Annual Franchise 500 list by Entrepreneur magazine. During the same week, the company was also voted the Most Recognizable Brand of Real Estate Franchises for 2009 in an industry-wide survey for the Swanepoel TRENDS Report.
“The Swanepoel TRENDS Report is a respected source for the real estate industry and beyond, as is Entrepreneur magazine, and we are excited to see our agents honored in this way for all of their hard work,” said Mark Willis, CEO, Keller Williams Realty. “We certainly wouldn’t have been included on either list without the dedication and resolve of our agents.”
According to the ranking in Entrepreneur magazine, the most important criteria to determine the top franchises included financial strength and stability, as well as growth rate and size of the franchise system. The magazine also looked at the number of years the company has been in business and the length of time it’s been franchising, in addition to start-up costs and financial data. Additionally, Keller Williams Realty made an impressive showing on the overall list, placing higher than any other real estate franchise.
The Swanepoel TRENDS Report is published by Stefan Swanepoel, a real estate industry speaker and insider. The survey was crafted to determine the Most Recognizable Brand for Real Estate Franchises for his report out in February 2010. The survey included votes cast by 11,000 plus real estate agents, who cast 390,000 votes to select the top 10.
Earlier in the year,Keller Williams Realty also received the highest overall satisfaction ratings from home buyers among the largest full-service real estate firms from J.D. Power and Associates for the second year in a row.
“We are extremely proud that our associates and company are being recognized for our strength and stability during this time in our industry,” said Mary Tennant, president and COO, Keller Williams Realty. “We attribute our success to being in business with phenomenal people and to our core business models, which have allowed our franchises to thrive during any market.”
###
About Keller Williams Realty Inc.:
Founded in 1983, Keller Williams Realty Inc. is the third-largest real estate franchise operation in the United States, with 679 offices and 73,000 associates in the United States and Canada. The company, which began franchising in 1990, has an agent-centric culture that emphasizes access to leading-edge education and promotes an economic model that rewards associates as stakeholders and partners. For more information, visit Keller Williams Realty online at (www.kw.com).
“The Swanepoel TRENDS Report is a respected source for the real estate industry and beyond, as is Entrepreneur magazine, and we are excited to see our agents honored in this way for all of their hard work,” said Mark Willis, CEO, Keller Williams Realty. “We certainly wouldn’t have been included on either list without the dedication and resolve of our agents.”
According to the ranking in Entrepreneur magazine, the most important criteria to determine the top franchises included financial strength and stability, as well as growth rate and size of the franchise system. The magazine also looked at the number of years the company has been in business and the length of time it’s been franchising, in addition to start-up costs and financial data. Additionally, Keller Williams Realty made an impressive showing on the overall list, placing higher than any other real estate franchise.
The Swanepoel TRENDS Report is published by Stefan Swanepoel, a real estate industry speaker and insider. The survey was crafted to determine the Most Recognizable Brand for Real Estate Franchises for his report out in February 2010. The survey included votes cast by 11,000 plus real estate agents, who cast 390,000 votes to select the top 10.
Earlier in the year,Keller Williams Realty also received the highest overall satisfaction ratings from home buyers among the largest full-service real estate firms from J.D. Power and Associates for the second year in a row.
“We are extremely proud that our associates and company are being recognized for our strength and stability during this time in our industry,” said Mary Tennant, president and COO, Keller Williams Realty. “We attribute our success to being in business with phenomenal people and to our core business models, which have allowed our franchises to thrive during any market.”
###
About Keller Williams Realty Inc.:
Founded in 1983, Keller Williams Realty Inc. is the third-largest real estate franchise operation in the United States, with 679 offices and 73,000 associates in the United States and Canada. The company, which began franchising in 1990, has an agent-centric culture that emphasizes access to leading-edge education and promotes an economic model that rewards associates as stakeholders and partners. For more information, visit Keller Williams Realty online at (www.kw.com).
Wednesday, December 2, 2009
Holiday Extravaganza to Light Up the Season for Residents
Usher in the holiday season with the city’s Holiday Extravaganza on Dec. 5. A fun-filled schedule includes the following:
Chili Cook-Off – 8 a.m.
Hosted by the Irving Police and Fire departments, the cook-off will take place at Heritage Park, 217 Main St. First-, second- and third-place trophies will be awarded. The entry fee to participate in the contest is $20 and an unwrapped toy. Attendees may purchase a tasting cup for $5. Proceeds will benefit the Blue Christmas toy drive. For more information, call (972) 523-8849.
Holiday Parade – 4 p.m.
The annual holiday parade will start at O’Connor and Rock Island roads, and travel southbound on O’Connor Road, eastbound on Second Street, northbound on Lucille Street, westbound on Irving Boulevard and northbound at O’Connor Road. The community is invited to line the streets of the Irving Heritage District and witness this festive collection of floats and holiday music.
Tree Lighting Ceremony – 5:30 p.m.
The tree lighting ceremony will begin at City Hall, 825 W. Irving Blvd. The ceremony will feature a variety of performing artists including Dana’s Dance School, Forscher’s Dance School, Irving High Toy Tigers drill team and the Irving Bible Church choir. Following a fireworks show, the Irving Symphonic Band will present a holiday concert. Other activities include Santa visits and children’s activities and concessions.
Chili Cook-Off – 8 a.m.
Hosted by the Irving Police and Fire departments, the cook-off will take place at Heritage Park, 217 Main St. First-, second- and third-place trophies will be awarded. The entry fee to participate in the contest is $20 and an unwrapped toy. Attendees may purchase a tasting cup for $5. Proceeds will benefit the Blue Christmas toy drive. For more information, call (972) 523-8849.
Holiday Parade – 4 p.m.
The annual holiday parade will start at O’Connor and Rock Island roads, and travel southbound on O’Connor Road, eastbound on Second Street, northbound on Lucille Street, westbound on Irving Boulevard and northbound at O’Connor Road. The community is invited to line the streets of the Irving Heritage District and witness this festive collection of floats and holiday music.
Tree Lighting Ceremony – 5:30 p.m.
The tree lighting ceremony will begin at City Hall, 825 W. Irving Blvd. The ceremony will feature a variety of performing artists including Dana’s Dance School, Forscher’s Dance School, Irving High Toy Tigers drill team and the Irving Bible Church choir. Following a fireworks show, the Irving Symphonic Band will present a holiday concert. Other activities include Santa visits and children’s activities and concessions.
Unclutter your house and get your home sold QUICK!
When selling your home, the most important thing is to have your house decluttered and in order. Unclutterer.com is a great way to get sellers motivated to prepare their home for showings. This Web site is all about organization, plain and simple. Organizing your life; organizing your home; organizing your office. Let's get your house sold!
Tuesday, December 1, 2009
The 7 tips you can use to make public speaking easier
Tip 1- Normalize your fear. In other words, be aware that just about everyone shares this fear. It is normal in our society.
Tip 2 – Create what you want. Remember that your thoughts create your reality. If you tell yourself, “I am a terrible public speaker,” then you’ll become that which you think. If you tell yourself, “This is a great speech and people will get a lot out of it,” then the confidence you project will shine.
Tip 3 – Visualize. Remember to visualize how you want to see yourself when you are speaking in front of a crowd. How would you ideally like to feel when speaking in front of people? Would you like to be calm and relaxed? Start visualizing yourself as a calm and relaxed speaker, and step inside of the picture and feel the feelings as if they are happening right now.
Tip 4 – Remain Positive. Give yourself a positive verbal suggestion, such as “I am a calm, confident, dynamic public speaker.”
Tip 5 – Question the fear. Ask yourself why you are afraid. Did a negative episode happen in your life where you where ridiculed or judged? If so, a part of you decided, “I’ll never do that again.” It became your survival strategy. Healing that wound will require that you ask the scared part what it would need to feel safe. A client of mine recently did just that to her scared part. It became clear that her scared part would only be willing to speak up if it was being heard by a friendly, supportive audience, where mistakes were allowed.
Tip 6 – Rehearse. Find a person who will listen with support and encouragement, like a coach or a mentor. Then role play with that person until you feel comfortable speaking.
Tip 7 – Speak from your heart. Realize that your speaking is a gift. It is benefitting the listener. Become passionate about what you say. Focus on your audience, not yourself. This is about them and what you have to give to them.
Tip 2 – Create what you want. Remember that your thoughts create your reality. If you tell yourself, “I am a terrible public speaker,” then you’ll become that which you think. If you tell yourself, “This is a great speech and people will get a lot out of it,” then the confidence you project will shine.
Tip 3 – Visualize. Remember to visualize how you want to see yourself when you are speaking in front of a crowd. How would you ideally like to feel when speaking in front of people? Would you like to be calm and relaxed? Start visualizing yourself as a calm and relaxed speaker, and step inside of the picture and feel the feelings as if they are happening right now.
Tip 4 – Remain Positive. Give yourself a positive verbal suggestion, such as “I am a calm, confident, dynamic public speaker.”
Tip 5 – Question the fear. Ask yourself why you are afraid. Did a negative episode happen in your life where you where ridiculed or judged? If so, a part of you decided, “I’ll never do that again.” It became your survival strategy. Healing that wound will require that you ask the scared part what it would need to feel safe. A client of mine recently did just that to her scared part. It became clear that her scared part would only be willing to speak up if it was being heard by a friendly, supportive audience, where mistakes were allowed.
Tip 6 – Rehearse. Find a person who will listen with support and encouragement, like a coach or a mentor. Then role play with that person until you feel comfortable speaking.
Tip 7 – Speak from your heart. Realize that your speaking is a gift. It is benefitting the listener. Become passionate about what you say. Focus on your audience, not yourself. This is about them and what you have to give to them.
Monday, November 30, 2009
Tips for buyers
Interested in buying a Dallas home and claiming the home-buyer tax credit? Below are five tips:
1. Don’t procrastinate. Start searching for a home now. Getting an early start will give you a better chance of finding the right house before the credit deadline. Before you start house hunting, get preapproved for a mortgage, said Eddie Fadel, a Miami-based mortgage banker, and do a realistic assessment of what you can afford. Buyers who have to sell an existing home should price it aggressively from the beginning to drum up interest and get a buyer as soon as possible.
2. Don’t count on another extension. The credit won’t be available forever, Fadel said. If you want to take advantage, be sure to make that spring deadline.
“This is a medication for the housing crisis. Once the patient—which is the housing market—cures, there will be no medication needed,” he said.
3. Mind the interest rates. Mortgage interest rates are low right now, but will likely rise next year. Higher rates will affect your monthly mortgage payments, thus the affordability of the house you are buying. Average rates on the 30-year fixed-rate mortgage have been hovering around 5%, but when the government stops buying large amounts of mortgage-backed securities, rates could rise.
4. Communicate with your lender. Throughout the process, make sure you’re communicating with your lender regularly; if there’s a piece of documentation you’re asked for, get it turned in as soon as possible, said Doug Heddings, a New York-based real estate agent with Charles Rutenberg Realty. Good communication is important in making sure the loan closes on time. And think twice before pursuing a short sale if you want to make the credit deadline. That’s where someone sells a home for less than what he or she owes on a mortgage, with permission of the lender. The process can be lengthy and unpredictable because the homeowner’s lender has to approve any deal, and can be complicated when there is a second mortgage associated with the property.
5. Don’t take shortcuts. Don’t forgo any of the steps you would normally take just to make the tax credit deadline. Make sure the house is a good fit for your needs and get a home inspection. Skipping steps could cost you in the long run.
1. Don’t procrastinate. Start searching for a home now. Getting an early start will give you a better chance of finding the right house before the credit deadline. Before you start house hunting, get preapproved for a mortgage, said Eddie Fadel, a Miami-based mortgage banker, and do a realistic assessment of what you can afford. Buyers who have to sell an existing home should price it aggressively from the beginning to drum up interest and get a buyer as soon as possible.
2. Don’t count on another extension. The credit won’t be available forever, Fadel said. If you want to take advantage, be sure to make that spring deadline.
“This is a medication for the housing crisis. Once the patient—which is the housing market—cures, there will be no medication needed,” he said.
3. Mind the interest rates. Mortgage interest rates are low right now, but will likely rise next year. Higher rates will affect your monthly mortgage payments, thus the affordability of the house you are buying. Average rates on the 30-year fixed-rate mortgage have been hovering around 5%, but when the government stops buying large amounts of mortgage-backed securities, rates could rise.
4. Communicate with your lender. Throughout the process, make sure you’re communicating with your lender regularly; if there’s a piece of documentation you’re asked for, get it turned in as soon as possible, said Doug Heddings, a New York-based real estate agent with Charles Rutenberg Realty. Good communication is important in making sure the loan closes on time. And think twice before pursuing a short sale if you want to make the credit deadline. That’s where someone sells a home for less than what he or she owes on a mortgage, with permission of the lender. The process can be lengthy and unpredictable because the homeowner’s lender has to approve any deal, and can be complicated when there is a second mortgage associated with the property.
5. Don’t take shortcuts. Don’t forgo any of the steps you would normally take just to make the tax credit deadline. Make sure the house is a good fit for your needs and get a home inspection. Skipping steps could cost you in the long run.
Monday, November 23, 2009
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Sunday, November 22, 2009
Saturday, November 21, 2009
Stricter Noise Guidelines to Help Ensure a More Peaceful, Quiet City for Residents
To help give Irving residents a more peaceful and quiet environment in which to live, the city has strengthened its noise guidelines. New language allows the Police Department to provide enhanced enforcement of several ordinance clauses.
Highlights of the enhanced guidelines include:
•Prohibiting commercial vehicle idling in excess of 15 minutes within residential areas or within 300 feet of a residential structure.
•Prohibiting devices that cause vibration beyond the boundary of the source property.
•Limiting construction and repairs generally between 6 a.m. and 9 p.m. on weekdays, and between 7 a.m. and 8 p.m. on weekends.
•Testing of emergency signals only between 7 a.m. and 9 p.m.
“Our goal is to provide the public with a greater understanding of the ordinance and to offer a more comprehensive list of prohibited conduct,” said Police Chief Larry Boyd. “We are hopeful that the enhanced ordinance will be a more effective tool for law enforcement.”
Additional changes to the ordinance included the elimination of outdated language. Violations of any ordinance clause may result in a fine. For more information, contact the Irving Police Department at (972) 721-2661.
Friday, November 20, 2009
What is a short sale?
A short sale is a transaction in which the lender, or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt.
Why is the number of short sales rising?
Due to the recent economic crisis, including rising unemployment, and drops in home prices in communities across the nation, the number of short sales is increasing. Since a short sale generally costs the lender less than a foreclosure, it can be a viable way for a lender to minimize its losses.
A short sale can also be the best option for a homeowners who are “upside down” on mortgages because a short sale may not hurt their credit history as much as a foreclosure. As a result, homeowners may qualify for another mortgage sooner once they get back on their feet financially.
Why is the number of short sales rising?
Due to the recent economic crisis, including rising unemployment, and drops in home prices in communities across the nation, the number of short sales is increasing. Since a short sale generally costs the lender less than a foreclosure, it can be a viable way for a lender to minimize its losses.
A short sale can also be the best option for a homeowners who are “upside down” on mortgages because a short sale may not hurt their credit history as much as a foreclosure. As a result, homeowners may qualify for another mortgage sooner once they get back on their feet financially.
Accessible Playground, Miracle League Field Dedicated Oct. 24
The city’s new Accessible Playground and Miracle League Field was dedicated Oct. 24. Irving voters approved the funding of a fun, safe environment for special needs children in the 2006 bond election. Children with special needs will have a place to play baseball and other games on grounds equipped with smooth, rubber safety surfaces.
In compliance with the Americans with Disabilities Act, the playground includes access ramps, wider play decks and other design features to accommodate mobility impaired children. The new recreational area will be the official home of the Disabled Softball League. For more information, call (972) 721-2719.
Thursday, November 19, 2009
Irving Named One of the Most Technologically Advanced Cities in the United States
The City of Irving has been recognized as one of the most technologically advanced cities in the United States for the fifth consecutive year according to the 2009 Digital Cities Survey. Irving achieved its highest rating ever, placing third for cities in the 125,000 to 249,999 population category. In addition, Irving is the only Texas city to secure a top-10 spot in this category.
“Our goal has always been to provide the Irving community with access to the latest and most cutting-edge technology,” said Information Technology Department Director David Galvan. “We are delighted to be recognized for our investments in technology and we look forward to ensuring that technology continues to be used as a vehicle to improve the quality of life for our residents, visitors and businesses.”
The survey, which was conducted by the Center for Digital Government based in Sacramento, Calif., recognizes cities for their use of technology and examines how municipalities incorporate information technology into operations that better serve residents engaging with local government. All United States cities, towns, villages and consolidated city/county governments with populations of 30,000 or greater were invited to participate in this survey.
The City of Irving will officially be recognized for its achievement Nov. 12 at a special awards ceremony in San Antonio.
Monday, November 16, 2009
You’ve probably heard of home warranties, and you might have some questions regarding their value. Many times, home sellers offer home warranties as a way of enticing buyers to purchase their Irving homes; other times, buyers purchase their own home warranty.
Whether the home warranty is being offered by the seller or paid out of your pocket, learning about the advantages of a home warranty will better help you make the decision if you should carry a home warranty on your Irving home purchase.
Q: What is a home warranty and how does it work?
A: A home warranty is an insurance policy, of sorts, that is designed to cover the cost of repairing or replacing certain items in and around your home. From electrical and plumbing issues to broken appliances and a malfunctioning furnace, home warranties can often cover many of the major areas in and around your home. You can also purchase additional riders on your home warranty that cover extra items, such as swimming pools and Jacuzzis.
Most home warranty policies are taken out for the year, and paid upfront, although there are many home warranty companies that allow you to pay per month, and many can add the monthly premium to your mortgage payment for convenience.
Home warranties are designed for existing homes; new home warranties, offered by builders, are different than home warranties.
Q: What do I do if something that is covered by my home warranty breaks?
A: Your home warranty company will likely have a toll-free number that you call to file a claim. The home warranty company then calls a local company that is partnered with them to make the necessary repairs. A small service call payment is usually collected by the local company at the time of repair. If the item covered under your home warranty cannot be repaired then the warranty covers the replacement, or replacement cost, of the item.
Q: Is it worth it to purchase a home warranty?
A: Most homeowners find that home warranties provide convenience and peace of mind. The small, monthly premiums are usually much less than it would cost to pay a professional to repair or replace a large item, such as a furnace, air conditioner or appliance, for example, so many homeowners find that purchasing a home warranty is a great way to provide them with the peace of mind knowing that if something breaks it won’t break the bank.
Whether the home warranty is being offered by the seller or paid out of your pocket, learning about the advantages of a home warranty will better help you make the decision if you should carry a home warranty on your Irving home purchase.
Q: What is a home warranty and how does it work?
A: A home warranty is an insurance policy, of sorts, that is designed to cover the cost of repairing or replacing certain items in and around your home. From electrical and plumbing issues to broken appliances and a malfunctioning furnace, home warranties can often cover many of the major areas in and around your home. You can also purchase additional riders on your home warranty that cover extra items, such as swimming pools and Jacuzzis.
Most home warranty policies are taken out for the year, and paid upfront, although there are many home warranty companies that allow you to pay per month, and many can add the monthly premium to your mortgage payment for convenience.
Home warranties are designed for existing homes; new home warranties, offered by builders, are different than home warranties.
Q: What do I do if something that is covered by my home warranty breaks?
A: Your home warranty company will likely have a toll-free number that you call to file a claim. The home warranty company then calls a local company that is partnered with them to make the necessary repairs. A small service call payment is usually collected by the local company at the time of repair. If the item covered under your home warranty cannot be repaired then the warranty covers the replacement, or replacement cost, of the item.
Q: Is it worth it to purchase a home warranty?
A: Most homeowners find that home warranties provide convenience and peace of mind. The small, monthly premiums are usually much less than it would cost to pay a professional to repair or replace a large item, such as a furnace, air conditioner or appliance, for example, so many homeowners find that purchasing a home warranty is a great way to provide them with the peace of mind knowing that if something breaks it won’t break the bank.
Sunday, November 15, 2009
Why the End of 2009 may be the Best Time to Purchase a New Home
For those of you who have been waiting on the sidelines, just waiting for that perfect time to purchase a home, now may the time you’ve been waiting for.
Many homebuyers look during the spring and summer months, as this is usually the time when the kids are out of school and the weather is pleasant. However, if you have the flexibility of moving during the fall and early winter then you may be privy to a wide array of perks that many homebuyers simply do not consider.
There are many benefits to purchasing a home at the end of the year, and 2009 is no exception.
1.Those sellers that so desperately wanted to sell in the summer, but didn’t, are now more anxious than ever to sell their home at year’s end. If a seller’s home has been sitting on the market through the spring and summer months, chances are that he is more than willing to offer buyer incentives and a reduced home price.
2.If you close on your new home by December 31, you can deduct all of the closing costs and property taxes on your federal income tax return. This is often a huge deal for homebuyers who just spent a considerable amount of their nest egg on a new home.
3.Many home builders offer fantastic incentives in an effort to move their inventory before year’s end, thereby giving you a clear advantage when purchasing a new Las Colinas home during this time.
4.Many sellers, in anticipation of a large tax deduction if they purchase another home before year’s end, will offer better deals to homebuyers during this time.
5.There is still likely a large number of homes on the market in Las Colinas during October and November before things slow down in December.
6.The new homebuyer tax credit of up to $8,000 is available until the end of the year, thereby presenting homebuyers with a unique - and very lucrative - opportunity come tax time.
7.You will likely get much better deals on moving services during the end of the year, as most companies are looking for business after the summer rush ends.
Many homebuyers look during the spring and summer months, as this is usually the time when the kids are out of school and the weather is pleasant. However, if you have the flexibility of moving during the fall and early winter then you may be privy to a wide array of perks that many homebuyers simply do not consider.
There are many benefits to purchasing a home at the end of the year, and 2009 is no exception.
1.Those sellers that so desperately wanted to sell in the summer, but didn’t, are now more anxious than ever to sell their home at year’s end. If a seller’s home has been sitting on the market through the spring and summer months, chances are that he is more than willing to offer buyer incentives and a reduced home price.
2.If you close on your new home by December 31, you can deduct all of the closing costs and property taxes on your federal income tax return. This is often a huge deal for homebuyers who just spent a considerable amount of their nest egg on a new home.
3.Many home builders offer fantastic incentives in an effort to move their inventory before year’s end, thereby giving you a clear advantage when purchasing a new Las Colinas home during this time.
4.Many sellers, in anticipation of a large tax deduction if they purchase another home before year’s end, will offer better deals to homebuyers during this time.
5.There is still likely a large number of homes on the market in Las Colinas during October and November before things slow down in December.
6.The new homebuyer tax credit of up to $8,000 is available until the end of the year, thereby presenting homebuyers with a unique - and very lucrative - opportunity come tax time.
7.You will likely get much better deals on moving services during the end of the year, as most companies are looking for business after the summer rush ends.
Saturday, November 14, 2009
~Low Prices Draw Investors Back to the Market~
Real estate investors are moving back into the market, according to a new survey from Move.com.
According to the Move.com survey, 12.1 percent of home buyers today plan to buy a home as an investment property, compared to 5.6 percent in March 2009. The survey found that 15.8 percent of those interested in investment property were men and 8.1 percent were women and 52.6 percent of the investment buyers were between ages 35 to 49.
Of the 25.3 percent of buyers who are focusing on foreclosure properties, 42 percent regard the purchase they are considering an investment and don’t plan to live in the property themselves; 13.2 percent plan to rent out the property; 11.3 percent are going to fix up the property and resell it; and 17.4 percent plan to house a family member until the property can be sold profitably.
Of the 9.8 percent of buyers who say that they plan to purchase and live in a property in the next two years, 5.4 percent plan to purchase in the next 12 months; 48.3 percent are first-time buyers; 52.8 percent are women, and 44.1 percent are men.
Buyers of investment and personal property say they are motivated by these factors:
Prices are as low as they will go, 23.6 percent
Foreclosure prices are a bargain, 18.7 percent
Great selection of homes for sale in their target community, 21.2 percent
Concerned interest rates will rise, 14.2 percent
According to the Move.com survey, 12.1 percent of home buyers today plan to buy a home as an investment property, compared to 5.6 percent in March 2009. The survey found that 15.8 percent of those interested in investment property were men and 8.1 percent were women and 52.6 percent of the investment buyers were between ages 35 to 49.
Of the 25.3 percent of buyers who are focusing on foreclosure properties, 42 percent regard the purchase they are considering an investment and don’t plan to live in the property themselves; 13.2 percent plan to rent out the property; 11.3 percent are going to fix up the property and resell it; and 17.4 percent plan to house a family member until the property can be sold profitably.
Of the 9.8 percent of buyers who say that they plan to purchase and live in a property in the next two years, 5.4 percent plan to purchase in the next 12 months; 48.3 percent are first-time buyers; 52.8 percent are women, and 44.1 percent are men.
Buyers of investment and personal property say they are motivated by these factors:
Prices are as low as they will go, 23.6 percent
Foreclosure prices are a bargain, 18.7 percent
Great selection of homes for sale in their target community, 21.2 percent
Concerned interest rates will rise, 14.2 percent
Friday, November 13, 2009
~What is Appraised Value?~
Appraisals provide an objective opinion of value, but it’s not an exact science so appraisals may differ.
For buying and selling purposes, appraisals are usually based on market value — what the property could probably be sold for. Other types of value include insurance value, replacement value, and assessed value for property tax purposes.
Appraised value is not a constant number. Changes in market conditions can dramatically alter appraised value.
Appraised value doesn’t take into account special considerations, like the need to sell rapidly.
Lenders usually use either the appraised value or the sale price, whichever is less, to determine the amount of the mortgage they will offer.
For buying and selling purposes, appraisals are usually based on market value — what the property could probably be sold for. Other types of value include insurance value, replacement value, and assessed value for property tax purposes.
Appraised value is not a constant number. Changes in market conditions can dramatically alter appraised value.
Appraised value doesn’t take into account special considerations, like the need to sell rapidly.
Lenders usually use either the appraised value or the sale price, whichever is less, to determine the amount of the mortgage they will offer.
Thursday, November 12, 2009
~Does Moving Up Make Sense?~
These questions will help you decide whether you’re ready for an Irving home that’s larger or in a more desirable location. If you answer yes to most of the questions, it’s a sign that you may be ready to move.
1. Have you built substantial equity in your current Irving home? Look at your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest, but if you’ve owned your home for five or more years, you may have significant, unrealized gains.
2. Has your income or financial situation improved? If you’re making more money, you may be able to afford higher mortgage payments and cover the costs of moving.
3. Have you outgrown your Irving neighborhood? The neighborhood you pick for your first Irving home might not be the same neighborhood you want to settle down in for good. For example, you may have realized that you’d like to be closer to your job or live in a better school district.
4. Are there reasons why you can’t remodel or add on? Sometimes you can create a bigger home by adding a new room or building up. But if your property isn’t large enough, your municipality doesn’t allow it, or you’re simply not interested in remodeling, then moving to a bigger home may be your best option.
5. Are you comfortable moving in the current housing market? If your market is hot, your Irving home may sell quickly and for top dollar, but the home you buy also will be more expensive. If your market is slow, finding a buyer may take longer, but you’ll have more selection and better pricing as you seek your new home.
6. Are interest rates attractive? A low rate not only helps you buy a larger home, but also makes it easier to find a buyer.
1. Have you built substantial equity in your current Irving home? Look at your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest, but if you’ve owned your home for five or more years, you may have significant, unrealized gains.
2. Has your income or financial situation improved? If you’re making more money, you may be able to afford higher mortgage payments and cover the costs of moving.
3. Have you outgrown your Irving neighborhood? The neighborhood you pick for your first Irving home might not be the same neighborhood you want to settle down in for good. For example, you may have realized that you’d like to be closer to your job or live in a better school district.
4. Are there reasons why you can’t remodel or add on? Sometimes you can create a bigger home by adding a new room or building up. But if your property isn’t large enough, your municipality doesn’t allow it, or you’re simply not interested in remodeling, then moving to a bigger home may be your best option.
5. Are you comfortable moving in the current housing market? If your market is hot, your Irving home may sell quickly and for top dollar, but the home you buy also will be more expensive. If your market is slow, finding a buyer may take longer, but you’ll have more selection and better pricing as you seek your new home.
6. Are interest rates attractive? A low rate not only helps you buy a larger home, but also makes it easier to find a buyer.
Wednesday, November 11, 2009
~Short Sales Tips for Sellers~
If you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closing costs, and you don't have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your lender takes title of your home through a lengthy legal process and then sells it.
1. Consider loan modification first. If you are thinking of selling your home because of financial difficulties and you anticipate a short sale, first contact your lender to see if it has any programs to help you stay in your home. Your lender may agree to a modification such as: Refinancing your loan at a lower interest rate; providing a different payment plan to help you get caught up; or providing a forbearance period if your situation is temporary. When a loan modification still isn’t enough to relieve your financial problems, a short sale could be your best option if:
Your property is worth less than the total mortgage you owe on it.
You have a financial hardship, such as a job loss or major medical bills.
You have contacted your lender and it is willing to entertain a short sale.
2. Hire a qualified team. The first step to a short sale is to hire a qualified real estate professional and a real estate attorney who specialize in short sales. Interview at least three candidates for each and look for prior short-sale experience. Short sales have proliferated only in the last few years, so it may be hard to find practitioners who have closed a lot of short sales. You want to work with those who demonstrate a thorough working knowledge of the short-sale process and who won't try to take advantage of your situation or pressure you to do something that isn't in your best interest. A qualified real estate professional can:
Provide you with a comparative market analysis (CMA) or broker price opinion (BPO).
Help you set an appropriate listing price for your home, market the home, and get it sold.
Put special language in the MLS that indicates your home is a short sale and that lender approval is needed (all MLSs permit, and some now require, that the short-sale status be disclosed to potential buyers).
Ease the process of working with your lender or lenders.
Negotiate the contract with the buyers.
Help you put together the short-sale package to send to your lender (or lenders, if you have more than one mortgage) for approval. You can’t sell your home without your lender and any other lien holders agreeing to the sale and releasing the lien so that the buyers can get clear title.
3. Begin gathering documentation before any offers come in. Your lender will give you a list of documents it requires to consider a short sale. The short-sale “package” that accompanies any offer typically must include:
A hardship letter detailing your financial situation and why you need the short sale
A copy of the purchase contract and listing agreement
Proof of your income and assets
Copies of your federal income tax returns for the past two years
1. Consider loan modification first. If you are thinking of selling your home because of financial difficulties and you anticipate a short sale, first contact your lender to see if it has any programs to help you stay in your home. Your lender may agree to a modification such as: Refinancing your loan at a lower interest rate; providing a different payment plan to help you get caught up; or providing a forbearance period if your situation is temporary. When a loan modification still isn’t enough to relieve your financial problems, a short sale could be your best option if:
Your property is worth less than the total mortgage you owe on it.
You have a financial hardship, such as a job loss or major medical bills.
You have contacted your lender and it is willing to entertain a short sale.
2. Hire a qualified team. The first step to a short sale is to hire a qualified real estate professional and a real estate attorney who specialize in short sales. Interview at least three candidates for each and look for prior short-sale experience. Short sales have proliferated only in the last few years, so it may be hard to find practitioners who have closed a lot of short sales. You want to work with those who demonstrate a thorough working knowledge of the short-sale process and who won't try to take advantage of your situation or pressure you to do something that isn't in your best interest. A qualified real estate professional can:
Provide you with a comparative market analysis (CMA) or broker price opinion (BPO).
Help you set an appropriate listing price for your home, market the home, and get it sold.
Put special language in the MLS that indicates your home is a short sale and that lender approval is needed (all MLSs permit, and some now require, that the short-sale status be disclosed to potential buyers).
Ease the process of working with your lender or lenders.
Negotiate the contract with the buyers.
Help you put together the short-sale package to send to your lender (or lenders, if you have more than one mortgage) for approval. You can’t sell your home without your lender and any other lien holders agreeing to the sale and releasing the lien so that the buyers can get clear title.
3. Begin gathering documentation before any offers come in. Your lender will give you a list of documents it requires to consider a short sale. The short-sale “package” that accompanies any offer typically must include:
A hardship letter detailing your financial situation and why you need the short sale
A copy of the purchase contract and listing agreement
Proof of your income and assets
Copies of your federal income tax returns for the past two years
Making Mexian Guacamole
Last night we made Chicken Fajitas and with it, I made homemade guacamole for the first time. It turned out pretty well! This is the recipe I used:
MEXICAN GUACAMOLE
2 medium avocados
1/2 can of Rotel tomatoes
1/4 onion, minced
squeeze of lemon juice
garlic powder
salt
optional:
some chopped cilantro
1/2 jalapeño, minced
Scoop the avocado out into a bowl using a spoon. Mash with a fork. Squeeze in lemon juice, add salt and garlic powder to taste, chopped tomato, minced onion, (chopped cilantro, minced jalapeño), and mix.
Tip: To keep the guacamole from turning brown, put the seed from one of the avocados in the bowl of guacamole. It keeps the guacamole bright green.
MEXICAN GUACAMOLE
2 medium avocados
1/2 can of Rotel tomatoes
1/4 onion, minced
squeeze of lemon juice
garlic powder
salt
optional:
some chopped cilantro
1/2 jalapeño, minced
Scoop the avocado out into a bowl using a spoon. Mash with a fork. Squeeze in lemon juice, add salt and garlic powder to taste, chopped tomato, minced onion, (chopped cilantro, minced jalapeño), and mix.
Tip: To keep the guacamole from turning brown, put the seed from one of the avocados in the bowl of guacamole. It keeps the guacamole bright green.
Friday, November 6, 2009
Tax Credit update for First Time Homebuyers AND Home Owners
Bringing the Dream of Homeownership Within Reach
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:
•• Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
•• Expands the credit to grant a $6,500 credit to current home owners purchasing a new or existing home between November 6, 2009 and April 30, 2010.
Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream
Go to www.info4dfwhomevales.com and get a free report to see how much your home is worth.
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:
•• Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
•• Expands the credit to grant a $6,500 credit to current home owners purchasing a new or existing home between November 6, 2009 and April 30, 2010.
Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream
Go to www.info4dfwhomevales.com and get a free report to see how much your home is worth.
First Impressions: Get Instant Curb Appeal With These 10 Must-Dos
The Internet is the first source for viewing a property for most buyers, even before talking to a real estate professional. That means curb appeal is important because they are “driving by” the listing, and you don’t know it.
Here are 10 things to consider when assessing the curb appeal of your listing:
1. Pressure wash siding, decks, and walkways.
2. Clean windows and gutters, and check downspouts.
3. Check the growth of trees and bushes–ensure they don’t block light from any window.
4. Kill any mold or mildew around the property.
5. Mow the lawn, eliminate weeds, and rake and dispose of leaves, especially if it’s a wooded lot.
6. Paint the front door. Color choice has a big impact–so you might want to get a professional’s advice.
7. Make the front entry sing “welcome”. The degree of what can be achieved depends on the size of entry and, of course, your budget. However, even minimal improvements will make a huge difference: Consider flowers, a new mailbox, hardware, lights, and house numbers.
8. Don’t forget the rear yard–buyers may attempt to see the back yard during a drive by, even from another street.
9. Outdoor lighting is a huge plus as 50 percent of viewings take place at night. Today we are fortunate to have access to inexpensive but tasteful low-voltage lighting. Consider placing lighting along the sidewalks, driveway, or attractive landscaping elements. Take extra care to ensure your front door and numbers are clearly visible from the street.
10. If the inside of the home is visible at night, be sure the interior lighting also enhances what is seen from the outside.
Here are 10 things to consider when assessing the curb appeal of your listing:
1. Pressure wash siding, decks, and walkways.
2. Clean windows and gutters, and check downspouts.
3. Check the growth of trees and bushes–ensure they don’t block light from any window.
4. Kill any mold or mildew around the property.
5. Mow the lawn, eliminate weeds, and rake and dispose of leaves, especially if it’s a wooded lot.
6. Paint the front door. Color choice has a big impact–so you might want to get a professional’s advice.
7. Make the front entry sing “welcome”. The degree of what can be achieved depends on the size of entry and, of course, your budget. However, even minimal improvements will make a huge difference: Consider flowers, a new mailbox, hardware, lights, and house numbers.
8. Don’t forget the rear yard–buyers may attempt to see the back yard during a drive by, even from another street.
9. Outdoor lighting is a huge plus as 50 percent of viewings take place at night. Today we are fortunate to have access to inexpensive but tasteful low-voltage lighting. Consider placing lighting along the sidewalks, driveway, or attractive landscaping elements. Take extra care to ensure your front door and numbers are clearly visible from the street.
10. If the inside of the home is visible at night, be sure the interior lighting also enhances what is seen from the outside.
Thursday, November 5, 2009
Wednesday, November 4, 2009
Homebuyer Credit Gets New Life
Key lawmakers in the Senate have tentatively agreed to extend the existing $8,000 tax credit for first-time home buyers and also offer a new $6,500 credit for existing homeowners who have lived in their current residence for a consecutive five-year period in the past eight years.
Home buyers must be under contract by April 30, 2010, and close before July 1. House Democrats have expressed concern about the cost of the tax credit for the government, and allegations of abuse have resulted in an IRS probe of the program.
Source: Wall Street Journal, Corey Boles and John D. McKinnon (10/29/09)
© Copyright 2009 Information Inc
Home buyers must be under contract by April 30, 2010, and close before July 1. House Democrats have expressed concern about the cost of the tax credit for the government, and allegations of abuse have resulted in an IRS probe of the program.
Source: Wall Street Journal, Corey Boles and John D. McKinnon (10/29/09)
© Copyright 2009 Information Inc
Tuesday, November 3, 2009
Pending Home Sales Rise for Record Eight Straight Months
Washington, November 02, 2009
Pending home sales rose again, marking eight consecutive monthly gains – the longest streak since measurement began in 2001, according to the National Association of Realtors®.
The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in September, rose 6.1 percent to 110.1 from a reading of 103.8 in August, and is 21.2 percent higher than September 2008 when it stood at 90.9. The gain from a year ago is the largest annual increase on record, and the index is at the highest level since December 2006 when it was 112.8.
Lawrence Yun, NAR chief economist, said the momentum is understandable. “What we’re witnessing is a rush of first-time buyers trying to beat the expiration of the tax credit at the end of this month,” he said. “Home values will stabilize sooner rather than over-correcting. That, in turn, will mean wealth stabilization for the vast number of middle-class families and lay the foundation for a durable economic recovery.”
NAR estimates approximately 3 million renters are now financially well-qualified to buy a median-priced home. “As long as buyers do not overstretch and stay well within their budget, a sizable pent-up demand can be tapped among financially qualified potential buyers,” Yun said. “Although the tax credit is greatly reviving the existing home market, new-home sales may continue to struggle as home builders hold back production to drive down inventory. In addition, there remains an ongoing credit crunch for construction loans.”
The Pending Home Sales Index in the Northeast slipped 2.0 percent to 83.6 in September but remains 16.9 percent above September 2008. In the Midwest the index rose 8.1 percent to 98.2 in September and is 17.8 percent higher than a year ago. In the South, pending home sales increased 4.9 percent to an index of 109.7 and is 22.8 percent above September 2008. In the West the index jumped 10.2 percent to 143.8 and is 23.7 percent above a year ago.
Yun added that strong near-term reports should not be overstated. “We’re clearly not out of the woods because an excess of homes remains on the market despite recent improvements,” he said. “Although current inventory is getting closer to price equilibrium, foreclosures will continue to enter the pipeline. An extended and expanded tax credit would help absorb this incoming inventory.”
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries.
# # #
*The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.
The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity from 2001 through 2004 parallels the level of closed existing-home sales in the following two months. There is a closer relationship between annual index changes (from the same month a year earlier) and year-ago changes in sales performance than with month-to-month comparisons.
An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined as well as the first of five consecutive record years for existing-home sales.
A forecast for housing and the economy will be released November 13 at 11 a.m. PST at the 2009 REALTORS® Conference & Expo in San Diego. Existing-home sales for October will be reported November 23 and the next Pending Home Sales Index will be on December 1; release times are 10 a.m. EST.
Pending home sales rose again, marking eight consecutive monthly gains – the longest streak since measurement began in 2001, according to the National Association of Realtors®.
The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in September, rose 6.1 percent to 110.1 from a reading of 103.8 in August, and is 21.2 percent higher than September 2008 when it stood at 90.9. The gain from a year ago is the largest annual increase on record, and the index is at the highest level since December 2006 when it was 112.8.
Lawrence Yun, NAR chief economist, said the momentum is understandable. “What we’re witnessing is a rush of first-time buyers trying to beat the expiration of the tax credit at the end of this month,” he said. “Home values will stabilize sooner rather than over-correcting. That, in turn, will mean wealth stabilization for the vast number of middle-class families and lay the foundation for a durable economic recovery.”
NAR estimates approximately 3 million renters are now financially well-qualified to buy a median-priced home. “As long as buyers do not overstretch and stay well within their budget, a sizable pent-up demand can be tapped among financially qualified potential buyers,” Yun said. “Although the tax credit is greatly reviving the existing home market, new-home sales may continue to struggle as home builders hold back production to drive down inventory. In addition, there remains an ongoing credit crunch for construction loans.”
The Pending Home Sales Index in the Northeast slipped 2.0 percent to 83.6 in September but remains 16.9 percent above September 2008. In the Midwest the index rose 8.1 percent to 98.2 in September and is 17.8 percent higher than a year ago. In the South, pending home sales increased 4.9 percent to an index of 109.7 and is 22.8 percent above September 2008. In the West the index jumped 10.2 percent to 143.8 and is 23.7 percent above a year ago.
Yun added that strong near-term reports should not be overstated. “We’re clearly not out of the woods because an excess of homes remains on the market despite recent improvements,” he said. “Although current inventory is getting closer to price equilibrium, foreclosures will continue to enter the pipeline. An extended and expanded tax credit would help absorb this incoming inventory.”
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries.
# # #
*The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.
The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity from 2001 through 2004 parallels the level of closed existing-home sales in the following two months. There is a closer relationship between annual index changes (from the same month a year earlier) and year-ago changes in sales performance than with month-to-month comparisons.
An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined as well as the first of five consecutive record years for existing-home sales.
A forecast for housing and the economy will be released November 13 at 11 a.m. PST at the 2009 REALTORS® Conference & Expo in San Diego. Existing-home sales for October will be reported November 23 and the next Pending Home Sales Index will be on December 1; release times are 10 a.m. EST.
Wednesday, October 21, 2009
Things Condo Buyers Should Consider
Buyers who are considering the purchase of a condominium should inspect the health of the home owner’s association before they close.
The seller should provide the buyer all financial documents relating to the association in time for an attorney for the buyer to review them before closing.
Here’s some advice from Leonard Baron, professor of finance at San Diego State University, about the information that the seller should consider:
Does the association budget include money for operating expenses such as water, lights, elevator maintenance, and landscaping?
Is there extra money set aside in a reserve fund for long-term maintenance? If there is an outside reserve study, that should be provided. If not, there should be adequate money in the reserves right now to cover 50 percent of the estimated cost of repairs over the next 30 years.
Do the condo’s expenses exceed revenues due to a high foreclosure rate or other reasons that owners’ debts go unpaid?
If there is a shortfall, does the association have a plan besides cutting back on services for making it up?
Source: The Wall Street Journal, June Fletcher (10/17/2009)
The seller should provide the buyer all financial documents relating to the association in time for an attorney for the buyer to review them before closing.
Here’s some advice from Leonard Baron, professor of finance at San Diego State University, about the information that the seller should consider:
Does the association budget include money for operating expenses such as water, lights, elevator maintenance, and landscaping?
Is there extra money set aside in a reserve fund for long-term maintenance? If there is an outside reserve study, that should be provided. If not, there should be adequate money in the reserves right now to cover 50 percent of the estimated cost of repairs over the next 30 years.
Do the condo’s expenses exceed revenues due to a high foreclosure rate or other reasons that owners’ debts go unpaid?
If there is a shortfall, does the association have a plan besides cutting back on services for making it up?
Source: The Wall Street Journal, June Fletcher (10/17/2009)
Tuesday, October 20, 2009
Texas Stadium Demolition
The city has moved forward with plans to demolish Texas Stadium via implosion, which was determined to be the safest way to remove the structure.
Dallas-based Weir Brothers was awarded approximately $5.9 million to implode the iconic stadium. The company will help ensure that the city’s environmental stewardship goals are satisfied. Included in these initiatives is a directive for 95 percent of the concrete and steel to be recycled.
The Texas Department of Transportation is leasing the stadium property for a staging area during reconstruction of the adjacent highways. Notice to proceed with the demolition is expected this month. Preliminary scheduling places the implosion in early 2010, with a completion date of next July.
Monday, October 19, 2009
Stricter Noise Guidelines to Help Ensure a More Peaceful, Quiet City for Irving Residents
To help give Irving residents a more peaceful and quiet environment in which to live, the city has strengthened its noise guidelines. New language allows the Police Department to provide enhanced enforcement of several ordinance clauses.
Highlights of the enhanced guidelines include: •Prohibiting commercial vehicle idling in excess of 15 minutes within residential areas or within 300 feet of a residential structure.
•Prohibiting devices that cause vibration beyond the boundary of the source property.
•Limiting construction and repairs generally between 6 a.m. and 9 p.m. on weekdays, and between 7 a.m. and 8 p.m. on weekends.
•Testing of emergency signals only between 7 a.m. and 9 p.m.
“Our goal is to provide the public with a greater understanding of the ordinance and to offer a more comprehensive list of prohibited conduct,” said Police Chief Larry Boyd. “We are hopeful that the enhanced ordinance will be a more effective tool for law enforcement.”
Additional changes to the ordinance included the elimination of outdated language. Violations of any ordinance clause may result in a fine.
Highlights of the enhanced guidelines include: •Prohibiting commercial vehicle idling in excess of 15 minutes within residential areas or within 300 feet of a residential structure.
•Prohibiting devices that cause vibration beyond the boundary of the source property.
•Limiting construction and repairs generally between 6 a.m. and 9 p.m. on weekdays, and between 7 a.m. and 8 p.m. on weekends.
•Testing of emergency signals only between 7 a.m. and 9 p.m.
“Our goal is to provide the public with a greater understanding of the ordinance and to offer a more comprehensive list of prohibited conduct,” said Police Chief Larry Boyd. “We are hopeful that the enhanced ordinance will be a more effective tool for law enforcement.”
Additional changes to the ordinance included the elimination of outdated language. Violations of any ordinance clause may result in a fine.
What's Ahead For Mortgage Rates This Week: October 19, 2009
Mortgage markets worsened last week on better than expected economic data, causing mortgage rates to rise.
Last week was the third consecutive week that mortgage rates moved higher and, since touching a multi-month low in early-October, conforming mortgage rates are up by about a half-percent.
It's likely rates will continue to rise, too. That's because the same force that held rates down for so long is now the force pulling them up -- expectations for the U.S. economy.
Over the last 6 months, it wasn't clear in what direction the country was headed. The housing sector has been gaining in strength, but the rest of the economy has been a question mark.
Last week put an end to some of those questions:
•Retail Sales posted stronger-than-expected results
•Consumer Sentiment matched September 2008 levels
•Jobless and continuing claims fell below consensus estimates
Expectations for the U.S. economy are changing on the fly. As a result, stock markets gained last week and mortgage markets lost.
This week, rates could move higher still. There are an unusually large number of key economic reports including on housing and inflation, plus a handful of speeches from key Federal Reserve members.
With each positive announcement, mortgage rates should rise.
Last week was the third consecutive week that mortgage rates moved higher and, since touching a multi-month low in early-October, conforming mortgage rates are up by about a half-percent.
It's likely rates will continue to rise, too. That's because the same force that held rates down for so long is now the force pulling them up -- expectations for the U.S. economy.
Over the last 6 months, it wasn't clear in what direction the country was headed. The housing sector has been gaining in strength, but the rest of the economy has been a question mark.
Last week put an end to some of those questions:
•Retail Sales posted stronger-than-expected results
•Consumer Sentiment matched September 2008 levels
•Jobless and continuing claims fell below consensus estimates
Expectations for the U.S. economy are changing on the fly. As a result, stock markets gained last week and mortgage markets lost.
This week, rates could move higher still. There are an unusually large number of key economic reports including on housing and inflation, plus a handful of speeches from key Federal Reserve members.
With each positive announcement, mortgage rates should rise.
Friday, October 9, 2009
~Tips for Homeowners With Pets When Facing Home Foreclosure~
If you are facing home foreclosure and you have pets, here are some tips to help you relocate with your pets or find other safe placement for them. Never leave pets behind when you vacate your home!
Take Your Pets With You or Find Them a Safe Place to Stay:
•Take your pets with you when you vacate your home; they will not survive if abandoned in the home or set loose. In addition, the comfort and companionship of pets can provide therapeutic benefits to family members by easing the strain of moving to a new residence.
•Follow these steps to find safe placement for your pets if you are unable to vacate your home with them:
-Ask family, friends and co-workers if they will care for your pets while you relocate.
-Ask your veterinarian if you can receive low-cost boarding for your pets, or set up a payment plan for boarding costs, while you relocate.
-If you cannot find temporary placement for your pets, visit www.petfinder.com to search for animal shelters and animal rescue organizations in your area where you can surrender ownership of your pets and which do not euthanize adoptable animals.
This will provide peace of mind that your pets will be safe until they are adopted into a new home. Some shelters and organizations may offer to house your pets for a period of time (60 days, for example) at no cost, or at a reduced cost, while you find new housing, so you can be reunited with your pets. If you do not reclaim your pets within the time period, they may be placed for adoption. Always ask if this is an option.
-You also can surrender your pets to your local open-admission animal shelter, but be advised that open-admission shelters are required to accept all animals (including strays), and the adoption of your pets cannot be guaranteed. Thus, if the shelter is overcrowded, it may be forced to euthanize your pets.
Don’t Leave Pets Behind:
•Never vacate your home and leave pets behind or set them loose. It’s inhumane and may be illegal.
-If you leave pets indoors or release them outdoors, state criminal animal-cruelty laws may apply (e.g., abandoning or neglecting your pets), even if you believe you have left sufficient food and water for your pets.
-If you leave pets behind and have arranged for someone to periodically check on them, you may still be in violation of criminal animal-cruelty laws. In addition, when the mortgage lender takes possession of the home, your pets will be removed by the local animal control agency, which will leave your pets at risk of an uncertain future that may include euthanasia.
When faced with foreclosure, please remember to provide for your pets to ensure that they are safe and that you do not face a criminal investigation and possible criminal charges for abandoning or neglecting them. By following these simple steps, this will help you, your family and your pets have a better future.
Take Your Pets With You or Find Them a Safe Place to Stay:
•Take your pets with you when you vacate your home; they will not survive if abandoned in the home or set loose. In addition, the comfort and companionship of pets can provide therapeutic benefits to family members by easing the strain of moving to a new residence.
•Follow these steps to find safe placement for your pets if you are unable to vacate your home with them:
-Ask family, friends and co-workers if they will care for your pets while you relocate.
-Ask your veterinarian if you can receive low-cost boarding for your pets, or set up a payment plan for boarding costs, while you relocate.
-If you cannot find temporary placement for your pets, visit www.petfinder.com to search for animal shelters and animal rescue organizations in your area where you can surrender ownership of your pets and which do not euthanize adoptable animals.
This will provide peace of mind that your pets will be safe until they are adopted into a new home. Some shelters and organizations may offer to house your pets for a period of time (60 days, for example) at no cost, or at a reduced cost, while you find new housing, so you can be reunited with your pets. If you do not reclaim your pets within the time period, they may be placed for adoption. Always ask if this is an option.
-You also can surrender your pets to your local open-admission animal shelter, but be advised that open-admission shelters are required to accept all animals (including strays), and the adoption of your pets cannot be guaranteed. Thus, if the shelter is overcrowded, it may be forced to euthanize your pets.
Don’t Leave Pets Behind:
•Never vacate your home and leave pets behind or set them loose. It’s inhumane and may be illegal.
-If you leave pets indoors or release them outdoors, state criminal animal-cruelty laws may apply (e.g., abandoning or neglecting your pets), even if you believe you have left sufficient food and water for your pets.
-If you leave pets behind and have arranged for someone to periodically check on them, you may still be in violation of criminal animal-cruelty laws. In addition, when the mortgage lender takes possession of the home, your pets will be removed by the local animal control agency, which will leave your pets at risk of an uncertain future that may include euthanasia.
When faced with foreclosure, please remember to provide for your pets to ensure that they are safe and that you do not face a criminal investigation and possible criminal charges for abandoning or neglecting them. By following these simple steps, this will help you, your family and your pets have a better future.
Thursday, October 8, 2009
Ways To Reduce Heating Costs
Furnace
The furnace or boiler is the largest energy user in most homes.
•If health permits, keep thermostat at 68°F or below.
•Lower thermostat at night and when you're gone (55°F lowest setting).
•Check the furnace filter once a month during the heating season. Change or clean when dirty.
•Have a professional tune-up of your heating system every other year.
•Replace your older, 60% efficient furnace with one of at least 90% efficiency.
The furnace or boiler is the largest energy user in most homes.
•If health permits, keep thermostat at 68°F or below.
•Lower thermostat at night and when you're gone (55°F lowest setting).
•Check the furnace filter once a month during the heating season. Change or clean when dirty.
•Have a professional tune-up of your heating system every other year.
•Replace your older, 60% efficient furnace with one of at least 90% efficiency.
Wednesday, October 7, 2009
Preparing your Home for Sale: Weekend Projects to Get Your Home in Tip top Shape!
There are loads of things that need to be done when you’re selling your home. And sprucing it up should be on the top of the list.
But what should you tackle yourself and what should you leave to the professionals? A good rule of thumb is to call in the help of a professional when dealing with gas, electricity and plumbing. Otherwise, rolling up your sleeves and tackling a few of those neglected household projects can help draw attention to your home and get it sold.
Great Weekend Projects
1. Sand and stain the deck - A weathered, faded deck sticks out like a sore thumb. On the other hand, a freshly stained, clean deck can go a long way at sprucing up your outdoor living space.
2. Repaint the trim and shutters - Curb appeal is a huge selling point for any home. After all, making a great, first impression goes a long way toward a quick sale. A fresh coat of paint on your home’s trim, gutters and front door is a great way of sprucing up your home’s exterior.
3. Weed and landscape the front yard - Again, great curb appeal can not be stressed enough. Get your hands dirty and clear the flower and plant beds of weeds and mulch them to add the finishing touch.
4. Paint the interior - A fresh coat of warm, neutral paint on your home’s interior walls can instantly transform the rooms of your home. Choose a calm, warm color that will appeal to a variety of buyers.
5. Scrub down the kitchen appliances - Sparkling clean kitchen appliances can take a dull, dingy kitchen and give it an instant face lift. Scrubbing down your kitchen appliances - inside and out - is also essential if the appliances are staying with the home.
6. Steam clean the carpets - Stained carpets are a great way to lose potential buyers. Rent a steam cleaner and spend the weekend getting your carpets in tip-top shape.
7. Have a garage sale! - Is there any better way to spend your weekend than making money? A garage sale can help you rid your Irving home of unwanted junk that is cluttering up your home and distracting buyers from your home’s selling points. Plus, it can help you earn some cold, hard cash to cover your moving expenses!
~9 Web sites that can make your life easier~
Back to the future
Do you wish your present self could tell your future self something? Huh? FutureMe.org lets you write yourself a letter (via e-mail) that it will deliver to you on the future date of your choosing, from 30 days later to 25 years later. It’s totally free. Capture something you’re feeling this very moment and make sure that 20 years later, you remember how important it is. You can think about where you think you’ll be in say, two years, and see how accurate or wrong you were, and be reminded that life isn’t predictable. It also lets you send a letter to someone else’s future self. You could write one to your son the day he’s born and have it delivered 18 years later. There’s an option to make your letter public, as about 15 percent of users do. The public letters available for perusal range from inspiring to sad to intriguing.
The whole nine yard sale
Spending a Saturday morning finding treasure on the cheap is now a lot more manageable. Find all the yard sales on a given day in your area with Yard Sale Treasure Map. The free service mines Craigslist (where most yard sale ads are placed) and presents to you the yard sale information posted there in the easiest, most useful way. Plan your yard-sale-ing adventure by selecting the sales you wish to attend; the site will map them and determine the optimal route and order in which you should visit them You can search by items that will be for sale, for instance, “furniture” or “electronics.” Yard sales are back with a vengeance as we all try to reuse and recycle, and of course, spend less.
Spending a Saturday morning finding treasure on the cheap is now a lot more manageable. Find all the yard sales on a given day in your area with Yard Sale Treasure Map. The free service mines Craigslist (where most yard sale ads are placed) and presents to you the yard sale information posted there in the easiest, most useful way. Plan your yard-sale-ing adventure by selecting the sales you wish to attend; the site will map them and determine the optimal route and order in which you should visit them You can search by items that will be for sale, for instance, “furniture” or “electronics.” Yard sales are back with a vengeance as we all try to reuse and recycle, and of course, spend less.
Go ask Alice ... for more toothpaste
Alice.com is a new online, replenishing convenience store for things like toiletries, cleaning products, garbage bags and laundry supplies. When you set up your account, you tell Alice about who lives in your home and what you use. Alice then stocks all your home essentials, keeps track of when it’s time to restock, and delivers the goods for free. Plus, goods are priced lower (often 20 to 30 percent) than at many other retailers. She’s so nice she also finds relevant coupons for you and applies them automatically.
Elephants don’t forget
One thing no one ever tells you about adulthood is that it involves an inordinate amount of time spent remembering to buy people presents, and then to write thank-you notes when you’re on the receiving end. Gift Elephant is an online system that keeps track of all the presents you’ve ever given and received, for free. It manages your thank-you notes and reminds you of upcoming holidays and birthdays and special occasions. For a small fee, they’ll even print and mail thank-you notes on your behalf, personalized with your own photos if you wish.
Taken to task
Task.fm is a productivity tool that really acts like a personal secretary, or nagging mother. You can use it to manage to-do lists, remember to pay bills and arrange a wake-up call, and most features are free. You don’t have to go in and manually set dates and times, because it understands natural language. For example, if I typed in, “DailyCandy dinner Tuesday at five,” that would be enough information to get it to remind me at just the right time. It’s pretty amazing. You can create reminders on the site, or you can e-mail it or Twitter it to set up reminders, and you choose whether it reminds you via text, e-mail or phone call. In the pro version, $3.99 per month, you do not see any ads and you have unlimited use, but the free version gives you a lot to work with.
Meet in the middle
Find coffee shops and other cozy places to meet almost exactly halfway between far-away friends that are a drive apart with A Place Between Us. It’s free. Type in the addresses each person will be coming from, then describe the sort of place at which you’d like to meet. The default is coffee shop, but you can also pick a certain kind of restaurant, like “donut shop” or “tacos.” It will find you a place like that as close to the middle as possible. It will map directions to the meeting place for each of you. You can enter as many addresses as you like and it really does find a perfect midpoint!
Vocally local
We all want to buy more locally produced food and products, but how to find them? Locallectual helps you search for products from wood tables to honey, made in your neck of the woods. You can search based on where things are made, down to 25 square miles of where you are. Search by type of product and/or distance from a certain place (“Soap” and “Pennsylvania”) or browse their edited listings of responsible, quality producers.
Stay centered
A superb, free online planning tool, Centerd saves you time, paper and sanity with online templates for school events — or any type of event, really. Coordinate and manage volunteers for everything from soccer games to fundraisers. E-mail reminds organizers which slots have been filled and which tasks still need doing, and alerts hosts about last-minute dropouts. Event details, including Google maps to destinations, are posted online. You can also browse ideas for things to do in your area, and “copy” other people’s great plans.
Candid panda camera
Ok, maybe this isn’t useful in the traditional or technical sense of the word, but there is no pick-me-up like watching live pandas frolic in their habitat. Panda Cam is a live feed from the home of the four pandas of Zoo Atlanta! The scintillating broadcast is live every Monday through Friday from 10 a.m. to 5 p.m. If all this organization and streamlining and usefulness has left you worn out, this is just what you need to unwind!
Do you wish your present self could tell your future self something? Huh? FutureMe.org lets you write yourself a letter (via e-mail) that it will deliver to you on the future date of your choosing, from 30 days later to 25 years later. It’s totally free. Capture something you’re feeling this very moment and make sure that 20 years later, you remember how important it is. You can think about where you think you’ll be in say, two years, and see how accurate or wrong you were, and be reminded that life isn’t predictable. It also lets you send a letter to someone else’s future self. You could write one to your son the day he’s born and have it delivered 18 years later. There’s an option to make your letter public, as about 15 percent of users do. The public letters available for perusal range from inspiring to sad to intriguing.
The whole nine yard sale
Spending a Saturday morning finding treasure on the cheap is now a lot more manageable. Find all the yard sales on a given day in your area with Yard Sale Treasure Map. The free service mines Craigslist (where most yard sale ads are placed) and presents to you the yard sale information posted there in the easiest, most useful way. Plan your yard-sale-ing adventure by selecting the sales you wish to attend; the site will map them and determine the optimal route and order in which you should visit them You can search by items that will be for sale, for instance, “furniture” or “electronics.” Yard sales are back with a vengeance as we all try to reuse and recycle, and of course, spend less.
Spending a Saturday morning finding treasure on the cheap is now a lot more manageable. Find all the yard sales on a given day in your area with Yard Sale Treasure Map. The free service mines Craigslist (where most yard sale ads are placed) and presents to you the yard sale information posted there in the easiest, most useful way. Plan your yard-sale-ing adventure by selecting the sales you wish to attend; the site will map them and determine the optimal route and order in which you should visit them You can search by items that will be for sale, for instance, “furniture” or “electronics.” Yard sales are back with a vengeance as we all try to reuse and recycle, and of course, spend less.
Go ask Alice ... for more toothpaste
Alice.com is a new online, replenishing convenience store for things like toiletries, cleaning products, garbage bags and laundry supplies. When you set up your account, you tell Alice about who lives in your home and what you use. Alice then stocks all your home essentials, keeps track of when it’s time to restock, and delivers the goods for free. Plus, goods are priced lower (often 20 to 30 percent) than at many other retailers. She’s so nice she also finds relevant coupons for you and applies them automatically.
Elephants don’t forget
One thing no one ever tells you about adulthood is that it involves an inordinate amount of time spent remembering to buy people presents, and then to write thank-you notes when you’re on the receiving end. Gift Elephant is an online system that keeps track of all the presents you’ve ever given and received, for free. It manages your thank-you notes and reminds you of upcoming holidays and birthdays and special occasions. For a small fee, they’ll even print and mail thank-you notes on your behalf, personalized with your own photos if you wish.
Taken to task
Task.fm is a productivity tool that really acts like a personal secretary, or nagging mother. You can use it to manage to-do lists, remember to pay bills and arrange a wake-up call, and most features are free. You don’t have to go in and manually set dates and times, because it understands natural language. For example, if I typed in, “DailyCandy dinner Tuesday at five,” that would be enough information to get it to remind me at just the right time. It’s pretty amazing. You can create reminders on the site, or you can e-mail it or Twitter it to set up reminders, and you choose whether it reminds you via text, e-mail or phone call. In the pro version, $3.99 per month, you do not see any ads and you have unlimited use, but the free version gives you a lot to work with.
Meet in the middle
Find coffee shops and other cozy places to meet almost exactly halfway between far-away friends that are a drive apart with A Place Between Us. It’s free. Type in the addresses each person will be coming from, then describe the sort of place at which you’d like to meet. The default is coffee shop, but you can also pick a certain kind of restaurant, like “donut shop” or “tacos.” It will find you a place like that as close to the middle as possible. It will map directions to the meeting place for each of you. You can enter as many addresses as you like and it really does find a perfect midpoint!
Vocally local
We all want to buy more locally produced food and products, but how to find them? Locallectual helps you search for products from wood tables to honey, made in your neck of the woods. You can search based on where things are made, down to 25 square miles of where you are. Search by type of product and/or distance from a certain place (“Soap” and “Pennsylvania”) or browse their edited listings of responsible, quality producers.
Stay centered
A superb, free online planning tool, Centerd saves you time, paper and sanity with online templates for school events — or any type of event, really. Coordinate and manage volunteers for everything from soccer games to fundraisers. E-mail reminds organizers which slots have been filled and which tasks still need doing, and alerts hosts about last-minute dropouts. Event details, including Google maps to destinations, are posted online. You can also browse ideas for things to do in your area, and “copy” other people’s great plans.
Candid panda camera
Ok, maybe this isn’t useful in the traditional or technical sense of the word, but there is no pick-me-up like watching live pandas frolic in their habitat. Panda Cam is a live feed from the home of the four pandas of Zoo Atlanta! The scintillating broadcast is live every Monday through Friday from 10 a.m. to 5 p.m. If all this organization and streamlining and usefulness has left you worn out, this is just what you need to unwind!
Halloween Safety Tips for Homeowners
Expecting trick-or-treaters on Halloween? Practice indoor fire safety, leave the porch light on, keep walkways clear, confine pets elsewhere and offer non-candy treats.
Setting up a spooky yard haunt is an awesome way to celebrate Halloween and wow visitors. But even if homeowners have chosen not to turn their houses into yard haunts, they should still expect little trick-or-treaters, hence the need for homemakers to learn some Halloween safety tips.
Find out how to make the house safe on the night of haunting when visitors come asking for treats.
Practice Indoor Fire Safety
Candles are often used to illuminate Jack-O-Lanterns and many lights with special effects are turned on to give the house an eerie and fun look. Whenever possible, use votive candles if a real fire source must be used. Better still, use batter-operated lights or chemical light sticks to light up carved pumpkins. If many lights are used to decorate the house, don’t overload extension cords or let them run through water or snow in the ground.
Also, ensure that smoke detectors, alarms and sprinklers are in good working condition. Have a few fire drills with the family before Halloween and make sure all the kids know what the escape route and exit locations are. This will help prepare everyone in case a fire breaks out amidst the fun.
Leave the Porch Light on for Trick-or-Treaters
Adequate light is essential for visitors and trick-or-treaters to see where they are going. Leave the porch light on and if needed, install additional lights in the front yard to avoid someone tripping over something he or she can’t see.
Read more: http://holiday-entertaining.suite101.com/article.cfm/halloween_safety_tips_for_homeowners#ixzz0THhTY3SU
Setting up a spooky yard haunt is an awesome way to celebrate Halloween and wow visitors. But even if homeowners have chosen not to turn their houses into yard haunts, they should still expect little trick-or-treaters, hence the need for homemakers to learn some Halloween safety tips.
Find out how to make the house safe on the night of haunting when visitors come asking for treats.
Practice Indoor Fire Safety
Candles are often used to illuminate Jack-O-Lanterns and many lights with special effects are turned on to give the house an eerie and fun look. Whenever possible, use votive candles if a real fire source must be used. Better still, use batter-operated lights or chemical light sticks to light up carved pumpkins. If many lights are used to decorate the house, don’t overload extension cords or let them run through water or snow in the ground.
Also, ensure that smoke detectors, alarms and sprinklers are in good working condition. Have a few fire drills with the family before Halloween and make sure all the kids know what the escape route and exit locations are. This will help prepare everyone in case a fire breaks out amidst the fun.
Leave the Porch Light on for Trick-or-Treaters
Adequate light is essential for visitors and trick-or-treaters to see where they are going. Leave the porch light on and if needed, install additional lights in the front yard to avoid someone tripping over something he or she can’t see.
Read more: http://holiday-entertaining.suite101.com/article.cfm/halloween_safety_tips_for_homeowners#ixzz0THhTY3SU
Monday, October 5, 2009
Federal Index Shows Home Prices Rising
U.S. home prices rose 0.3 percent in July compared to June, the Federal Housing Finance Agency said Tuesday.
The index is 4.2 percent below what it was in 2008 and 10.5 percent off its peak in April 2007.
The index excludes most expensive homes from its calculations, so prices appear to have declined less than they have by other measures.
The report "supports other evidence that the three-year long decline in prices has come to halt," Paul Dales, U.S. economist with Capital Economics, wrote in a note to clients.
Other economists were less positive. "We think house price indexes are likely to edge somewhat lower in the fall when foreclosures become a larger share of home sales," Barclays Capital economist Nicholas Tenev wrote in a note to his clients.
The index is 4.2 percent below what it was in 2008 and 10.5 percent off its peak in April 2007.
The index excludes most expensive homes from its calculations, so prices appear to have declined less than they have by other measures.
The report "supports other evidence that the three-year long decline in prices has come to halt," Paul Dales, U.S. economist with Capital Economics, wrote in a note to clients.
Other economists were less positive. "We think house price indexes are likely to edge somewhat lower in the fall when foreclosures become a larger share of home sales," Barclays Capital economist Nicholas Tenev wrote in a note to his clients.
Sunday, October 4, 2009
Early 401k Withdrawals Thwart Long-Term Goals
RISMEDIA, October 1, 2009—(MCT)—A forthcoming federal report on retirement savings recommends easing a penalty for hardship withdrawals from 401(k) plans and that workers receive better education about the consequences of such decisions.
The Government Accountability Office (GAO) report suggests ways for Congress and federal agencies to reduce the long-term impact of early withdrawals, or “leakage,” from retirement plans. The economic downturn has caused many 401(k) participants to take drastic measures with their retirement accounts. About one in seven cashes out of a plan after a job change or loss (without rolling over the money to a new account), take hardship withdrawals, or borrow against their portfolio, according to the GAO report. “Even small amounts of leakage can have a significant impact on the retirement savings of some plan participants,” the GAO said.
Some Washington lawmakers are concerned that by tapping 401(k) funds for immediate needs, workers are jeopardizing their long-term retirement security.
“Americans’ retirement savings have taken a huge hit due to the recession,” said Sen. Herb Kohl, D-Wis., chairman of the Senate’s Special Committee on Aging, in a written statement. “Despite the financial hardships many are facing, people need to resist raiding their 401(k) because it’s a really bad deal for them over the long run.”
The GAO study says Congress should consider changing a rule that prohibits 401(k) participants from making additional contributions for six months after a hardship withdrawal. The suspension also includes employer matches. The requirement, the GAO report said, may in fact make the leakage problem worse “by barring otherwise able participants from contributing to their accounts.” In addition, the GAO said the Labor Department should encourage employers to give workers “understandable and useful information” about the adverse long-term consequences from hardship withdrawals, loans and cash-outs. Also, participants could view projections of their account balances when left in a tax-deferred portfolio versus the results if they cashed out. The GAO also said the Treasury Department should clarify 401(k) regulations that require participants to exhaust all available loans before resorting to hardship withdrawals that subject workers to taxes and early-withdrawal penalties.
“Participants facing sudden and anticipated hardships would also benefit from the assurance that they are using the most appropriate and least damaging option,” the report said, “thereby minimizing the negative impacts on their overall retirement preparedness.”
The year-long study, completed in August 2009, was commissioned by the Special Committee on Aging. The report takes particular aim at cash-outs, noting it can be “the most damaging form of 401(k) leakage,” is the least regulated, and runs “counter to the goal of retirement savings.” (In a cash-out, the money is not rolled over to another retirement account). Cash-outs of any amount—partially or in full—can impact a participant’s account balance at age 65 more than comparable amounts taken either in a hardship withdrawal or a loan, the GAO said.
“Participants who voluntarily cashed out their entire 401(k) account balance at job separation experienced the largest reductions in the amount of retirement savings that accumulate over their working careers,” the report noted. For example, a participant who cashed out his entire 401(k) at age 35 would forfeit more than $183,000 in savings by his 65th birthday, according to the report. Cashing out later in a career, when there is less time to recover from losses, leaves an even bigger wealth gap. Yet many participants choose to cash out of a plan when they leave a job, in part because they aren’t given enough information about the potential hit to their finances, the GAO said.
The report noted: “With better information on the consequences of the various forms of leakage, participants may choose to preserve their retirement savings, resulting in a better retirement outcome.”
The Government Accountability Office (GAO) report suggests ways for Congress and federal agencies to reduce the long-term impact of early withdrawals, or “leakage,” from retirement plans. The economic downturn has caused many 401(k) participants to take drastic measures with their retirement accounts. About one in seven cashes out of a plan after a job change or loss (without rolling over the money to a new account), take hardship withdrawals, or borrow against their portfolio, according to the GAO report. “Even small amounts of leakage can have a significant impact on the retirement savings of some plan participants,” the GAO said.
Some Washington lawmakers are concerned that by tapping 401(k) funds for immediate needs, workers are jeopardizing their long-term retirement security.
“Americans’ retirement savings have taken a huge hit due to the recession,” said Sen. Herb Kohl, D-Wis., chairman of the Senate’s Special Committee on Aging, in a written statement. “Despite the financial hardships many are facing, people need to resist raiding their 401(k) because it’s a really bad deal for them over the long run.”
The GAO study says Congress should consider changing a rule that prohibits 401(k) participants from making additional contributions for six months after a hardship withdrawal. The suspension also includes employer matches. The requirement, the GAO report said, may in fact make the leakage problem worse “by barring otherwise able participants from contributing to their accounts.” In addition, the GAO said the Labor Department should encourage employers to give workers “understandable and useful information” about the adverse long-term consequences from hardship withdrawals, loans and cash-outs. Also, participants could view projections of their account balances when left in a tax-deferred portfolio versus the results if they cashed out. The GAO also said the Treasury Department should clarify 401(k) regulations that require participants to exhaust all available loans before resorting to hardship withdrawals that subject workers to taxes and early-withdrawal penalties.
“Participants facing sudden and anticipated hardships would also benefit from the assurance that they are using the most appropriate and least damaging option,” the report said, “thereby minimizing the negative impacts on their overall retirement preparedness.”
The year-long study, completed in August 2009, was commissioned by the Special Committee on Aging. The report takes particular aim at cash-outs, noting it can be “the most damaging form of 401(k) leakage,” is the least regulated, and runs “counter to the goal of retirement savings.” (In a cash-out, the money is not rolled over to another retirement account). Cash-outs of any amount—partially or in full—can impact a participant’s account balance at age 65 more than comparable amounts taken either in a hardship withdrawal or a loan, the GAO said.
“Participants who voluntarily cashed out their entire 401(k) account balance at job separation experienced the largest reductions in the amount of retirement savings that accumulate over their working careers,” the report noted. For example, a participant who cashed out his entire 401(k) at age 35 would forfeit more than $183,000 in savings by his 65th birthday, according to the report. Cashing out later in a career, when there is less time to recover from losses, leaves an even bigger wealth gap. Yet many participants choose to cash out of a plan when they leave a job, in part because they aren’t given enough information about the potential hit to their finances, the GAO said.
The report noted: “With better information on the consequences of the various forms of leakage, participants may choose to preserve their retirement savings, resulting in a better retirement outcome.”
Friday, September 25, 2009
Rapid Transit System Brings Economic Prosperity to Carrollton~
Carrollton, a thriving Dallas community of 123,000 people, is set to experience a surge in growth, thanks to a new, mixed-use development and rapid transit system.
With a completion date of late 2010, this expansion of the Dallas Area Rapid Transit System’s $1.8 billion, 28-mile Green Line, is sure to set off new growth in Carrollton. Combine that with a $38 million mixed-used development in the heart of the downtown district, and it’s clear that this small city is poised for big growth.
Looking Ahead
Once a thriving farm community linked to the larger cities with three, railroad lines, Carrollton is now renewing their past by erecting rail lines, which will certainly allow businesses - and real estate values - to thrive.
The transit-oriented development manager for the Carrollton project put it best when he said that “rail is the catalyst for this new growth.”
He also went onto say that the rail system is “important for the long-term sustainability of Carrollton.”
The mixed-use development will feature 295 apartment homes, a parking garage, retail shops and even a public park.
Carrollton, with its new transit-oriented development, is sure to promote urban living and an increased desired to live in the city.
About Carrollton
The residential and corporate community of Carrollton is conveniently located in the dynamic Dallas-Fort Worth Metroplex, making it an ideal spot to live and conduct business. In fact, its diverse community, low cost of doing business and close proximity to Dallas make Carrollton the ideal place to reside for many Dallas professionals.
There are a plethora of businesses and economic sectors in Carrollton, such as manufacturing, construction, wholesale, finance, insurance and real estate.
A high quality of life, which includes low taxes, family-friendly, safe neighborhoods and an excellent school system, has certainly been Carrollton’s attraction , but it is the progressive growth and new rail line development that will propel it forward for its continued success and sustainability.
With a completion date of late 2010, this expansion of the Dallas Area Rapid Transit System’s $1.8 billion, 28-mile Green Line, is sure to set off new growth in Carrollton. Combine that with a $38 million mixed-used development in the heart of the downtown district, and it’s clear that this small city is poised for big growth.
Looking Ahead
Once a thriving farm community linked to the larger cities with three, railroad lines, Carrollton is now renewing their past by erecting rail lines, which will certainly allow businesses - and real estate values - to thrive.
The transit-oriented development manager for the Carrollton project put it best when he said that “rail is the catalyst for this new growth.”
He also went onto say that the rail system is “important for the long-term sustainability of Carrollton.”
The mixed-use development will feature 295 apartment homes, a parking garage, retail shops and even a public park.
Carrollton, with its new transit-oriented development, is sure to promote urban living and an increased desired to live in the city.
About Carrollton
The residential and corporate community of Carrollton is conveniently located in the dynamic Dallas-Fort Worth Metroplex, making it an ideal spot to live and conduct business. In fact, its diverse community, low cost of doing business and close proximity to Dallas make Carrollton the ideal place to reside for many Dallas professionals.
There are a plethora of businesses and economic sectors in Carrollton, such as manufacturing, construction, wholesale, finance, insurance and real estate.
A high quality of life, which includes low taxes, family-friendly, safe neighborhoods and an excellent school system, has certainly been Carrollton’s attraction , but it is the progressive growth and new rail line development that will propel it forward for its continued success and sustainability.
Sunday, September 20, 2009
Dallas MLS~
If you're searching for properties in Dallas, there is no greater or more powerful tool than our Dallas MLS search. Our personalized search allows you access to thousands of homes in the Dallas area. Customize your own search to ensure that you only see the kind of homes you want in a price range that you can afford. No matter what you are looking for in a new home, our Dallas MLS search allows to you define your own parameters, number of bedrooms or bathrooms, location, or price range.
E-mail me at sarah.halbrook@kw.com to get started with your personalized MLS search.
E-mail me at sarah.halbrook@kw.com to get started with your personalized MLS search.
Saturday, September 19, 2009
All About Uptown Festival: A Celebration of the Uptown Lifestyle~
All about Uptown Festival: A Celebration of Art & Living, which is presented by Uptown Dallas, Inc., is a free, three-day festival that celebrates all that Uptown Dallas has to offer.
Located at 2425 McKinney Avenue, in the heart of the historic Uptown district, the All about Uptown Festival begins on Saturday, September 26, from 11:00AM to 10:00PM.
The ideal behind the second annual All about Uptown Festival is quite simple: it is the opportunity for both residents and visitors alike to experience the amazing community atmosphere of Uptown and to surround explore the outstanding establishments found here.
It is an all-encompassing event that allows Dallas residents and visitors to appreciate the allure of this outstanding, Dallas community. From mouth-watering foods from some of the most renowned Uptown chefs, to some of Dallas’ best performing arts groups and cultural organizations - as well as some truly fun entertainment and music, - the All about Uptown Festival is a celebration of all that is uptown.
Just some of the fun to be had at the All about Uptown Festival includes:
Signature foods from more than 20 restaurants
Live theater, comedic performances and live bands
Chef Showcase, where some of Uptown’s finest chefs will provide cooking demonstrations
Wine pairings and tastings
Historic home tours
Educational trolley rides
Cemetery tours
Uptown Art Walk, an all-day tour through Uptown’s best local galleries
Children will also find plenty to do at the All about Uptown Festival, as there are arts and crafts, clowns and activities for children of all ages. And for the shoppers, the All about Uptown Festival will feature a great variety of artisan booths.
From Uptown’s fantastic, historic homes and beautiful neighborhoods, to live bands and cultural performances, there is something for everyone to experience at the All about Uptown Festival.
Located at 2425 McKinney Avenue, in the heart of the historic Uptown district, the All about Uptown Festival begins on Saturday, September 26, from 11:00AM to 10:00PM.
The ideal behind the second annual All about Uptown Festival is quite simple: it is the opportunity for both residents and visitors alike to experience the amazing community atmosphere of Uptown and to surround explore the outstanding establishments found here.
It is an all-encompassing event that allows Dallas residents and visitors to appreciate the allure of this outstanding, Dallas community. From mouth-watering foods from some of the most renowned Uptown chefs, to some of Dallas’ best performing arts groups and cultural organizations - as well as some truly fun entertainment and music, - the All about Uptown Festival is a celebration of all that is uptown.
Just some of the fun to be had at the All about Uptown Festival includes:
Signature foods from more than 20 restaurants
Live theater, comedic performances and live bands
Chef Showcase, where some of Uptown’s finest chefs will provide cooking demonstrations
Wine pairings and tastings
Historic home tours
Educational trolley rides
Cemetery tours
Uptown Art Walk, an all-day tour through Uptown’s best local galleries
Children will also find plenty to do at the All about Uptown Festival, as there are arts and crafts, clowns and activities for children of all ages. And for the shoppers, the All about Uptown Festival will feature a great variety of artisan booths.
From Uptown’s fantastic, historic homes and beautiful neighborhoods, to live bands and cultural performances, there is something for everyone to experience at the All about Uptown Festival.
Friday, September 18, 2009
List of fun Dallas Uptown Restaraunt/ Bars~
BARLEY HOUSE
2916 North Henderson Avenue
214.824.0306
Great patios on which guests can enjoy a variety of drinks, and good food. Nice crowd, ranging from college students to younger professionals. Generally not many patrons over 30.
? Tuesday Specials: $2.00 drafts
? Wednesday Specials: 1/2 price food
BEAU NASH
400 Crescent Court
214.871.3200
? Must dress nicely. Absolutely no jeans. Although very chi-chi, this is a very fun, extremely nice bar in the Crescent. Good food, great entertainment, and nice-looking people.
CAFe MADRID
4501 Travis Street
214.528.1731
Enjoy a tremendous variety of tapas and authentic Spanish sangria. Bring a group, as the Cafe is a sit-down restaurant. A great way to spend happy hour, nonetheless.
CHRISTIE'S
2811 McKinney Avenue
214.954.1511
Traditional place, sporting a large, dark wooden bar. Neat. Well maintained. Big screen TVs. Great to watch a game, hang out, or eat. Can't miss.
CHUY'S
4544 McKinney Avenue
214.559.2489
Best for margaritas, Mexican food, and beer after work.
CUBA LIBRE
2822 North Henderson Avenue
214.827.2820
Chi-chi. Sunglasses, shiny shirts, spiky hair..the works. Younger crowd. Interesting people watching. Trendy crowd will love this place. Also a good restaurant downstairs.
FERE
3699 McKinney Suite 106
214.522.3888
Trendy. Arguably "the place to be". Nice layout. Attractive crowd. Good food & wine selection. Pricey.
FISHBOWL
3214 Knox Street
214.521.2695
Trendy place. Upscale crowd. Lively atmosphere. Lots of fun for happy hour, dinner, or drinks at night.
FRANKIE'S
3227 McKinney Avenue
214.999.8932
Another sports bar. Nice crowd, except for occasional, late-night, unruly, pugnacious Samoan contingent. Not too crowded. Great for watching sports, or just hanging out. Various bar games, beer, and big screen TVs.
GINGERMAN
2718 Boll Street
214.754.8771
? Arguably, the largest beer selection in town. Great patio. Wooden floors, furniture, and a few booths inside. Comfortable upstairs drinking room. Not too crowded, except on some Friday and Saturday nights after 10:00pm.
HARD ROCK CAFE
2601 McKinney Avenue
214.855.0007
Been in one, been in 'em all.
LOON
3531 McKinney Avenue
214.559.3059
Local place that's been serving some of the stiffest drinks in town for quite some time. Very crowded. Less formal than other nearby options. Recently expanded to give patrons a bit more elbow room. Twenties crowd, mostly from the surrounding area. Understaffed, so order your drinks two at a time, or get a waitress. Overall, a great place if you can deal with the crowd.
MARTINI RANCH
2816 Fairmount Street
214.220.2116
The best martinis in town. Lots of different kinds. They knock you on your ass. Good looking crowd.
MCKINNEY AVENUE TAVERN
2822 McKinney Avenue
214.969.1984
Great sports bar. One of the best places to watch a game. Great bar food. Wooden floors, bar, and decor. Usually plenty of room, except during "big games".
OLD MONK
2847 North Henderson Avenue
214.821.1880
Large, spacious, wooden bar. Small patio. Decent food. Fun with a smaller or larger groups. More of a laid-back option than other proximate alternatives.
ON THE BORDER
3130 Knox Street
214.855.0296
Consider OTB if you want Margaritas and beer.
BARLEY HOUSE
2916 North Henderson Avenue
214.824.0306
Great patios on which guests can enjoy a variety of drinks, and good food. Nice crowd, ranging from college students to younger professionals. Generally not many patrons over 30.
? Tuesday Specials: $2.00 drafts
? Wednesday Specials: 1/2 price food
BEAU NASH
400 Crescent Court
214.871.3200
? Must dress nicely. Absolutely no jeans. Although very chi-chi, this is a very fun, extremely nice bar in the Crescent. Good food, great entertainment, and nice-looking people.
CAFe MADRID
4501 Travis Street
214.528.1731
Enjoy a tremendous variety of tapas and authentic Spanish sangria. Bring a group, as the Cafe is a sit-down restaurant. A great way to spend happy hour, nonetheless.
CHRISTIE'S
2811 McKinney Avenue
214.954.1511
Traditional place, sporting a large, dark wooden bar. Neat. Well maintained. Big screen TVs. Great to watch a game, hang out, or eat. Can't miss.
CHUY'S
4544 McKinney Avenue
214.559.2489
Best for margaritas, Mexican food, and beer after work.
CUBA LIBRE
2822 North Henderson Avenue
214.827.2820
Chi-chi. Sunglasses, shiny shirts, spiky hair..the works. Younger crowd. Interesting people watching. Trendy crowd will love this place. Also a good restaurant downstairs.
FERE
3699 McKinney Suite 106
214.522.3888
Trendy. Arguably "the place to be". Nice layout. Attractive crowd. Good food & wine selection. Pricey.
FISHBOWL
3214 Knox Street
214.521.2695
Trendy place. Upscale crowd. Lively atmosphere. Lots of fun for happy hour, dinner, or drinks at night.
FRANKIE'S
3227 McKinney Avenue
214.999.8932
Another sports bar. Nice crowd, except for occasional, late-night, unruly, pugnacious Samoan contingent. Not too crowded. Great for watching sports, or just hanging out. Various bar games, beer, and big screen TVs.
GINGERMAN
2718 Boll Street
214.754.8771
? Arguably, the largest beer selection in town. Great patio. Wooden floors, furniture, and a few booths inside. Comfortable upstairs drinking room. Not too crowded, except on some Friday and Saturday nights after 10:00pm.
HARD ROCK CAFE
2601 McKinney Avenue
214.855.0007
Been in one, been in 'em all.
LOON3531 McKinney Avenue
214.559.3059
Local place that's been serving some of the stiffest drinks in town for quite some time. Very crowded. Less formal than other nearby options. Recently expanded to give patrons a bit more elbow room. Twenties crowd, mostly from the surrounding area. Understaffed, so order your drinks two at a time, or get a waitress. Overall, a great place if you can deal with the crowd.
MARTINI RANCH
2816 Fairmount Street
214.220.2116
The best martinis in town. Lots of different kinds. They knock you on your ass. Good looking crowd.
MCKINNEY AVENUE TAVERN
2822 McKinney Avenue
214.969.1984
Great sports bar. One of the best places to watch a game. Great bar food. Wooden floors, bar, and decor. Usually plenty of room, except during "big games".
OLD MONK
2847 North Henderson Avenue
214.821.1880
Large, spacious, wooden bar. Small patio. Decent food. Fun with a smaller or larger groups. More of a laid-back option than other proximate alternatives.
ON THE BORDER
3130 Knox Street
214.855.0296
Consider OTB if you want Margaritas and beer.
PRIMO'S
3309 McKinney Avenue
214.220.0510
Another extremely trendy locale. All age ranges frequent this joint, which serves as a great bar and Mexican food restaurant. Patio is great. Good looking clientele provides for good people watching. Next door to the Quarter, so makes a nice 1-2 punch.
QUARTER
3308 McKinney Avenue
Dark, traditional bar with a couch room, two small sitting rooms, and a small patio. As long as the quarter is not too crowded, it is a great place. Friendly, well-dressed clientele. Mainly twenty and early thirty-somethings.
SAMBUCA UPTOWN
2120 McKinney Avenue
214-744-0820
Four Star Dining With Live Music Seven Nights A Week. Open Air Patio Bar With Putting Green. Happy Hour Monday Thru Friday:
$2 Beer (Domestics)
$3 Wine & Well Drinks
$4 Martinis (House)
SAMBA ROOM
4514 Travis Street
214.522.4137
Very upscale, and very trendy. Don't even think about wearing jeans. Cover charge, at times. All ages. Good looking crowd. Stereotypical Dallas. Proximate to Sipango. Also a very good restaurant.
SIPANGO
4513 Travis Walk
214.522.2411
Very upscale, and very trendy. All ages. Must dress nicely. Several different bars, including VIP area. Live music and entertainment. Also a very good restaurant. Proximate to Samba Room.
SLIP INN
1806 McMillin
214.370.5988
Dark. Often very loud. Crowd varies, but young, for the most part. Fun for a high-energy alternative.
SUSHI ON MCKINNEY
4502 McKinney Avenue
214.521.0969
Great for Sushi and sake after work.
TACO DINER
3699 McKinney Avenue, Suite 307
214.521.3669
Trendy, upscale taco joint. Nice looking place and crowd. Best visited for a quick bite and drink before hitting the town, or for a light dinner.
THOMAS AVENUE BEVERAGE COMPANY
2901 Thomas Avenue
214.979.0452
Upscale, but not snooty. Dress is casual to somewhat formal. Generally a twenty-something, young, professional crowd. Great patio. Great restaurant. Even have TVs and a pool table. A safe bet.
3309 McKinney Avenue
214.220.0510
Another extremely trendy locale. All age ranges frequent this joint, which serves as a great bar and Mexican food restaurant. Patio is great. Good looking clientele provides for good people watching. Next door to the Quarter, so makes a nice 1-2 punch.
QUARTER
3308 McKinney Avenue
Dark, traditional bar with a couch room, two small sitting rooms, and a small patio. As long as the quarter is not too crowded, it is a great place. Friendly, well-dressed clientele. Mainly twenty and early thirty-somethings.
SAMBUCA UPTOWN
2120 McKinney Avenue
214-744-0820
Four Star Dining With Live Music Seven Nights A Week. Open Air Patio Bar With Putting Green. Happy Hour Monday Thru Friday:
$2 Beer (Domestics)
$3 Wine & Well Drinks
$4 Martinis (House)
SAMBA ROOM
4514 Travis Street
214.522.4137
Very upscale, and very trendy. Don't even think about wearing jeans. Cover charge, at times. All ages. Good looking crowd. Stereotypical Dallas. Proximate to Sipango. Also a very good restaurant.
SIPANGO
4513 Travis Walk
214.522.2411
Very upscale, and very trendy. All ages. Must dress nicely. Several different bars, including VIP area. Live music and entertainment. Also a very good restaurant. Proximate to Samba Room.
SLIP INN
1806 McMillin
214.370.5988
Dark. Often very loud. Crowd varies, but young, for the most part. Fun for a high-energy alternative.
SUSHI ON MCKINNEY
4502 McKinney Avenue
214.521.0969
Great for Sushi and sake after work.
TACO DINER
3699 McKinney Avenue, Suite 307
214.521.3669
Trendy, upscale taco joint. Nice looking place and crowd. Best visited for a quick bite and drink before hitting the town, or for a light dinner.
THOMAS AVENUE BEVERAGE COMPANY
2901 Thomas Avenue
214.979.0452
Upscale, but not snooty. Dress is casual to somewhat formal. Generally a twenty-something, young, professional crowd. Great patio. Great restaurant. Even have TVs and a pool table. A safe bet.
2916 North Henderson Avenue
214.824.0306
Great patios on which guests can enjoy a variety of drinks, and good food. Nice crowd, ranging from college students to younger professionals. Generally not many patrons over 30.
? Tuesday Specials: $2.00 drafts
? Wednesday Specials: 1/2 price food
BEAU NASH
400 Crescent Court
214.871.3200
? Must dress nicely. Absolutely no jeans. Although very chi-chi, this is a very fun, extremely nice bar in the Crescent. Good food, great entertainment, and nice-looking people.
CAFe MADRID
4501 Travis Street
214.528.1731
Enjoy a tremendous variety of tapas and authentic Spanish sangria. Bring a group, as the Cafe is a sit-down restaurant. A great way to spend happy hour, nonetheless.
CHRISTIE'S
2811 McKinney Avenue
214.954.1511
Traditional place, sporting a large, dark wooden bar. Neat. Well maintained. Big screen TVs. Great to watch a game, hang out, or eat. Can't miss.
CHUY'S
4544 McKinney Avenue
214.559.2489
Best for margaritas, Mexican food, and beer after work.
CUBA LIBRE
2822 North Henderson Avenue
214.827.2820
Chi-chi. Sunglasses, shiny shirts, spiky hair..the works. Younger crowd. Interesting people watching. Trendy crowd will love this place. Also a good restaurant downstairs.
FERE
3699 McKinney Suite 106
214.522.3888
Trendy. Arguably "the place to be". Nice layout. Attractive crowd. Good food & wine selection. Pricey.
FISHBOWL
3214 Knox Street
214.521.2695
Trendy place. Upscale crowd. Lively atmosphere. Lots of fun for happy hour, dinner, or drinks at night.
FRANKIE'S
3227 McKinney Avenue
214.999.8932
Another sports bar. Nice crowd, except for occasional, late-night, unruly, pugnacious Samoan contingent. Not too crowded. Great for watching sports, or just hanging out. Various bar games, beer, and big screen TVs.
GINGERMAN
2718 Boll Street
214.754.8771
? Arguably, the largest beer selection in town. Great patio. Wooden floors, furniture, and a few booths inside. Comfortable upstairs drinking room. Not too crowded, except on some Friday and Saturday nights after 10:00pm.
HARD ROCK CAFE
2601 McKinney Avenue
214.855.0007
Been in one, been in 'em all.
LOON
3531 McKinney Avenue
214.559.3059
Local place that's been serving some of the stiffest drinks in town for quite some time. Very crowded. Less formal than other nearby options. Recently expanded to give patrons a bit more elbow room. Twenties crowd, mostly from the surrounding area. Understaffed, so order your drinks two at a time, or get a waitress. Overall, a great place if you can deal with the crowd.
MARTINI RANCH
2816 Fairmount Street
214.220.2116
The best martinis in town. Lots of different kinds. They knock you on your ass. Good looking crowd.
MCKINNEY AVENUE TAVERN
2822 McKinney Avenue
214.969.1984
Great sports bar. One of the best places to watch a game. Great bar food. Wooden floors, bar, and decor. Usually plenty of room, except during "big games".
OLD MONK
2847 North Henderson Avenue
214.821.1880
Large, spacious, wooden bar. Small patio. Decent food. Fun with a smaller or larger groups. More of a laid-back option than other proximate alternatives.
ON THE BORDER
3130 Knox Street
214.855.0296
Consider OTB if you want Margaritas and beer.
BARLEY HOUSE
2916 North Henderson Avenue
214.824.0306
Great patios on which guests can enjoy a variety of drinks, and good food. Nice crowd, ranging from college students to younger professionals. Generally not many patrons over 30.
? Tuesday Specials: $2.00 drafts
? Wednesday Specials: 1/2 price food
BEAU NASH
400 Crescent Court
214.871.3200
? Must dress nicely. Absolutely no jeans. Although very chi-chi, this is a very fun, extremely nice bar in the Crescent. Good food, great entertainment, and nice-looking people.
CAFe MADRID
4501 Travis Street
214.528.1731
Enjoy a tremendous variety of tapas and authentic Spanish sangria. Bring a group, as the Cafe is a sit-down restaurant. A great way to spend happy hour, nonetheless.
CHRISTIE'S
2811 McKinney Avenue
214.954.1511
Traditional place, sporting a large, dark wooden bar. Neat. Well maintained. Big screen TVs. Great to watch a game, hang out, or eat. Can't miss.
CHUY'S
4544 McKinney Avenue
214.559.2489
Best for margaritas, Mexican food, and beer after work.
CUBA LIBRE
2822 North Henderson Avenue
214.827.2820
Chi-chi. Sunglasses, shiny shirts, spiky hair..the works. Younger crowd. Interesting people watching. Trendy crowd will love this place. Also a good restaurant downstairs.
FERE
3699 McKinney Suite 106
214.522.3888
Trendy. Arguably "the place to be". Nice layout. Attractive crowd. Good food & wine selection. Pricey.
FISHBOWL
3214 Knox Street
214.521.2695
Trendy place. Upscale crowd. Lively atmosphere. Lots of fun for happy hour, dinner, or drinks at night.
FRANKIE'S
3227 McKinney Avenue
214.999.8932
Another sports bar. Nice crowd, except for occasional, late-night, unruly, pugnacious Samoan contingent. Not too crowded. Great for watching sports, or just hanging out. Various bar games, beer, and big screen TVs.
GINGERMAN
2718 Boll Street
214.754.8771
? Arguably, the largest beer selection in town. Great patio. Wooden floors, furniture, and a few booths inside. Comfortable upstairs drinking room. Not too crowded, except on some Friday and Saturday nights after 10:00pm.
HARD ROCK CAFE
2601 McKinney Avenue
214.855.0007
Been in one, been in 'em all.
LOON3531 McKinney Avenue
214.559.3059
Local place that's been serving some of the stiffest drinks in town for quite some time. Very crowded. Less formal than other nearby options. Recently expanded to give patrons a bit more elbow room. Twenties crowd, mostly from the surrounding area. Understaffed, so order your drinks two at a time, or get a waitress. Overall, a great place if you can deal with the crowd.
MARTINI RANCH
2816 Fairmount Street
214.220.2116
The best martinis in town. Lots of different kinds. They knock you on your ass. Good looking crowd.
MCKINNEY AVENUE TAVERN
2822 McKinney Avenue
214.969.1984
Great sports bar. One of the best places to watch a game. Great bar food. Wooden floors, bar, and decor. Usually plenty of room, except during "big games".
OLD MONK
2847 North Henderson Avenue
214.821.1880
Large, spacious, wooden bar. Small patio. Decent food. Fun with a smaller or larger groups. More of a laid-back option than other proximate alternatives.
ON THE BORDER
3130 Knox Street
214.855.0296
Consider OTB if you want Margaritas and beer.
PRIMO'S
3309 McKinney Avenue
214.220.0510
Another extremely trendy locale. All age ranges frequent this joint, which serves as a great bar and Mexican food restaurant. Patio is great. Good looking clientele provides for good people watching. Next door to the Quarter, so makes a nice 1-2 punch.
QUARTER
3308 McKinney Avenue
Dark, traditional bar with a couch room, two small sitting rooms, and a small patio. As long as the quarter is not too crowded, it is a great place. Friendly, well-dressed clientele. Mainly twenty and early thirty-somethings.
SAMBUCA UPTOWN
2120 McKinney Avenue
214-744-0820
Four Star Dining With Live Music Seven Nights A Week. Open Air Patio Bar With Putting Green. Happy Hour Monday Thru Friday:
$2 Beer (Domestics)
$3 Wine & Well Drinks
$4 Martinis (House)
SAMBA ROOM
4514 Travis Street
214.522.4137
Very upscale, and very trendy. Don't even think about wearing jeans. Cover charge, at times. All ages. Good looking crowd. Stereotypical Dallas. Proximate to Sipango. Also a very good restaurant.
SIPANGO
4513 Travis Walk
214.522.2411
Very upscale, and very trendy. All ages. Must dress nicely. Several different bars, including VIP area. Live music and entertainment. Also a very good restaurant. Proximate to Samba Room.
SLIP INN
1806 McMillin
214.370.5988
Dark. Often very loud. Crowd varies, but young, for the most part. Fun for a high-energy alternative.
SUSHI ON MCKINNEY
4502 McKinney Avenue
214.521.0969
Great for Sushi and sake after work.
TACO DINER
3699 McKinney Avenue, Suite 307
214.521.3669
Trendy, upscale taco joint. Nice looking place and crowd. Best visited for a quick bite and drink before hitting the town, or for a light dinner.
THOMAS AVENUE BEVERAGE COMPANY
2901 Thomas Avenue
214.979.0452
Upscale, but not snooty. Dress is casual to somewhat formal. Generally a twenty-something, young, professional crowd. Great patio. Great restaurant. Even have TVs and a pool table. A safe bet.
3309 McKinney Avenue
214.220.0510
Another extremely trendy locale. All age ranges frequent this joint, which serves as a great bar and Mexican food restaurant. Patio is great. Good looking clientele provides for good people watching. Next door to the Quarter, so makes a nice 1-2 punch.
QUARTER
3308 McKinney Avenue
Dark, traditional bar with a couch room, two small sitting rooms, and a small patio. As long as the quarter is not too crowded, it is a great place. Friendly, well-dressed clientele. Mainly twenty and early thirty-somethings.
SAMBUCA UPTOWN
2120 McKinney Avenue
214-744-0820
Four Star Dining With Live Music Seven Nights A Week. Open Air Patio Bar With Putting Green. Happy Hour Monday Thru Friday:
$2 Beer (Domestics)
$3 Wine & Well Drinks
$4 Martinis (House)
SAMBA ROOM
4514 Travis Street
214.522.4137
Very upscale, and very trendy. Don't even think about wearing jeans. Cover charge, at times. All ages. Good looking crowd. Stereotypical Dallas. Proximate to Sipango. Also a very good restaurant.
SIPANGO
4513 Travis Walk
214.522.2411
Very upscale, and very trendy. All ages. Must dress nicely. Several different bars, including VIP area. Live music and entertainment. Also a very good restaurant. Proximate to Samba Room.
SLIP INN
1806 McMillin
214.370.5988
Dark. Often very loud. Crowd varies, but young, for the most part. Fun for a high-energy alternative.
SUSHI ON MCKINNEY
4502 McKinney Avenue
214.521.0969
Great for Sushi and sake after work.
TACO DINER
3699 McKinney Avenue, Suite 307
214.521.3669
Trendy, upscale taco joint. Nice looking place and crowd. Best visited for a quick bite and drink before hitting the town, or for a light dinner.
THOMAS AVENUE BEVERAGE COMPANY
2901 Thomas Avenue
214.979.0452
Upscale, but not snooty. Dress is casual to somewhat formal. Generally a twenty-something, young, professional crowd. Great patio. Great restaurant. Even have TVs and a pool table. A safe bet.
Thursday, September 17, 2009
D-FW economic, housing markets among top in U.S., analysis finds
The Dallas-Fort Worth area has one of the strongest economic and housing markets in the country, according to a just-released analysis.
D-FW ranked fourth in a second-quarter economic comparison of 100 U.S. cities that was released Tuesday by the Brookings Institution. Austin was at the head of the list of cities with the strongest-performing economies.
And D-FW ranked third among markets with the best home price performance, the study found.
The quarterly report ranks the country's largest metropolitan areas based on employment, unemployment, economic output, home prices and home foreclosure rates.
"Several metro areas showed signs of beginning to recover from the recession, and the rate of economic decline slowed in many more," the study says.
"Twenty metro areas, including Albuquerque, Baltimore, Bridgeport, Conn., Charlotte, Dallas and Seattle, posted at least small increases in economic output in the second quarter of 2009 compared to the first quarter."
The D-FW area ranked 11th nationally in the comparison of gross economic production – up 0.1 percent from the first quarter.
And the area has had a 1.9 percent drop in total employment since the peak of the economy in mid-2008. That compares with a 4.1 percent nationwide decline, the Brookings study said.
The best news in the local report card was in the housing sector.
Local home prices, when adjusted for inflation, have increased in the D-FW area 3.8 percent during the last year, Brookings researchers estimate. That's the third-best performance in the country, behind Houston and Wichita, Kan.
The Brookings Institution report is the latest in a series of recent economic report cards that suggest that the recession is waning in North Texas.
Other data also suggest that the housing market decline here is bottoming.
D-FW ranked fourth in a second-quarter economic comparison of 100 U.S. cities that was released Tuesday by the Brookings Institution. Austin was at the head of the list of cities with the strongest-performing economies.
And D-FW ranked third among markets with the best home price performance, the study found.
The quarterly report ranks the country's largest metropolitan areas based on employment, unemployment, economic output, home prices and home foreclosure rates.
"Several metro areas showed signs of beginning to recover from the recession, and the rate of economic decline slowed in many more," the study says.
"Twenty metro areas, including Albuquerque, Baltimore, Bridgeport, Conn., Charlotte, Dallas and Seattle, posted at least small increases in economic output in the second quarter of 2009 compared to the first quarter."
The D-FW area ranked 11th nationally in the comparison of gross economic production – up 0.1 percent from the first quarter.
And the area has had a 1.9 percent drop in total employment since the peak of the economy in mid-2008. That compares with a 4.1 percent nationwide decline, the Brookings study said.
The best news in the local report card was in the housing sector.
Local home prices, when adjusted for inflation, have increased in the D-FW area 3.8 percent during the last year, Brookings researchers estimate. That's the third-best performance in the country, behind Houston and Wichita, Kan.
The Brookings Institution report is the latest in a series of recent economic report cards that suggest that the recession is waning in North Texas.
Other data also suggest that the housing market decline here is bottoming.
Wednesday, September 16, 2009
Dallas Homes For Sale
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Is there a new home in Dallas in your plans? Why not become one of my VIP Buyers? There are thousands of Dallas homes for sale, and they will not all be to your liking. Separate the wheat from the chaff! My VIP Buyer program searches the listings of Dallas homes for sale daily, taking into account your requirements and needs - then the listings that fit your criteria are emailed directly to you!
10 Housing Markets Likely to Rebound Soon ~
Real estate forecasting service Local Market Monitor, which predicts housing market trends for investors and banks, forecasts that housing prices will decline an average of 5 percent through 2010. This prediction includes double-digit decreases in Phoenix, Miami, and Las Vegas.
But then the worst could be over, says CEO Ingo Winzer. As the recession eases, “We’ll see good price increases in many markets,” he reports.
In the following markets, home values are expected to remain level this year but increase in value next year:
Baton Rouge, La.
Buffalo-Niagara Falls, N.Y.
Dallas-Plano-Irving, Texas
Fort Worth-Arlington, Texas
Houston-Sugar Land-Baytown, Texas
Little Rock-North Little Rock-Conway, Ark.
Omaha-Council Bluffs, Neb.-Iowa
Pittsburgh, Pa.
San Antonio, Texas
Syracuse, N.Y.
Here are the 10 largest markets where prices are expected to continue to decline through 2010:
Fresno, Calif.
Las Vegas-Paradise, Nev.
Miami-Miami Beach-Kendall, Fla.
Orlando-Kissimmee, Fla.
Phoenix-Mesa-Scottsdale, Ariz.
Portland-Vancouver-Beaverton, Ore.-Wash.
San Jose-Sunnyvale-Santa Clara, Calif.
Stockton, Calif.
Tacoma, Wash.
Tucson, Ariz.
Source: Local Market Monitor (09/09/2009)
But then the worst could be over, says CEO Ingo Winzer. As the recession eases, “We’ll see good price increases in many markets,” he reports.
In the following markets, home values are expected to remain level this year but increase in value next year:
Baton Rouge, La.
Buffalo-Niagara Falls, N.Y.
Dallas-Plano-Irving, Texas
Fort Worth-Arlington, Texas
Houston-Sugar Land-Baytown, Texas
Little Rock-North Little Rock-Conway, Ark.
Omaha-Council Bluffs, Neb.-Iowa
Pittsburgh, Pa.
San Antonio, Texas
Syracuse, N.Y.
Here are the 10 largest markets where prices are expected to continue to decline through 2010:
Fresno, Calif.
Las Vegas-Paradise, Nev.
Miami-Miami Beach-Kendall, Fla.
Orlando-Kissimmee, Fla.
Phoenix-Mesa-Scottsdale, Ariz.
Portland-Vancouver-Beaverton, Ore.-Wash.
San Jose-Sunnyvale-Santa Clara, Calif.
Stockton, Calif.
Tacoma, Wash.
Tucson, Ariz.
Source: Local Market Monitor (09/09/2009)
Tuesday, September 8, 2009
Who Likes Freebies?!
For Free Stuff - here is a list just for you~
1. Free Video Games
If you're looking for games for the kids -- or an excuse to act like a kid yourself -- head to Kongregate.com, Popcap.com, Pogo.com and OnlineFlashGames.org for thousands of free online and downloadable games of all types.
For educational or just-for-fun games suited to young kids, check out PBSkids.org, DiscoveryKids.com, NickJr.com and Scholastic.com/kids.
2. Free Birthday Goodies
A slew of businesses will give you prime freebies on your birthday that almost make getting older worth it. For instance, anyone can get free admission to Disneyland or Disney World parks in 2009. Join the birthday club at Toys R Us and your child (younger than 10) will get a free toy or gift card every year.
If you sign up in advance to join the club at your favorite eatery, you could score free food on your birthday too. For example, you can get a free meal at Famous Dave's BBQ and free ice cream at Cold Stone Creamery and Baskin Robbins. Search the Web for "birthday freebies," then call your local restaurants to ask whether they participate in the deal.
3. Free Shipping
Special delivery! Some retailers still offer free shipping on every order, including Alyssagiftbaskets.com (special-occasion gifts), Bluenile.com (jewelry), Piperlime.com (shoes), Shopbop.com (clothes) and Zappos.com (shoes).
Many merchants offer free shipping if you can pick up the item at your local store, including Walmart.com, Payless.com and REI.com. This comes in handy for online-only items, oversize purchases or goods that have sold out at your local store. Or, look for free shipping deals when you spend a certain amount, such as orders over $25 at Amazon.com. See FreeShipping.org for more deals.
4. Free Software
For most of your computing needs, you can get free software. For word processing and spreadsheets, go to OpenOffice.org. For antivirus protection, head to http://free.avg.com. For free basic photo editing, check out http://picasa.google.com, or for more advanced touch-ups, try Gimp.org. And to manage your finances, use the free programs at Mint.com or Wesabe.com.
5. Free Stock Trades
At Wells Fargo, you get 100 commission-free online trades per year if your cumulative account balance is $25,000 or more (including your Wells Fargo checking and savings accounts, certificates of deposit, IRAs and brokerage accounts).
Also, Zecco.com offers ten free trades per month if you have $25,000 in your brokerage account.
6. Free Credit Report
By law, you're entitled to one free report once a year from each of the three main credit bureaus. Go to www.annualcreditreport.com to find out what lenders can see about your credit history.
7. Free TV and Movies
Head online to watch free episodes from hundreds of TV shows -- old and current -- as well as free movies. And it's perfectly legal.
At OVGuide.com you'll find a list of TV and movie sites including Hulu.com, Veoh.com and Fancast.com, as well as individual network Web sites, such as ABC.com and CBS.com.
8. Free ATMs
A buck or two here and there may not seem like a big deal, but if you're frequenting ATMs outside your bank's network, the surcharges can add up quickly.
Get money from an ATM that belongs to a surcharge-free network. Allpoint has about 200 participating institutions and 32,000 ATMs. Money Pass has 600 members and 8,000 ATMs.
9. Free (and Risk-Free) Interest
Many banks offer free savings accounts, but they won't help your money grow. Instead, use a high-yield online savings account for your short-term savings, such as ING Direct, HSBC Direct and Emigrant Direct. They're FDIC-insured and were recently paying around 1.4%. They have no minimum-balance requirement, so you earn that rate whether you have $1 or $100,000 saved.
And consider the free interest-bearing checking accounts from ING Direct and Everbank. They're also FDIC-insured and were recently paying between 0.25% and 1.96%. (Most traditional banks' free checking accounts pay you nil.)
10. Airline Freebies
Airlines may be scaling back their perks, but some still have freebies for fliers. For instance, Southwest lets you check two bags for free, while most others charge extra for luggage. JetBlue lets you check one bag free, plus gives you access to free TV, satellite radio and all-you-can-eat snacks. Continental still serves free meals on several routes. And all kids under age 2 can fly free on your lap on any airline.
Don't forget about the free flights you can score by signing up for an airline's frequent-flier program (enrollment is also free). See the "Program Guide" at WebFlyer.com for the lowdown on each airline's rules.
11. Free Money for Grad School
On average, a year of graduate school costs $28,375 for a master's degree at a public school and $38,665 at a private school. But free money abounds, from grants and scholarships to assistantships and fellowships.
12. Free Rewards
You have to buy groceries and gas anyway, so why not use those purchases to get a little more green in your wallet? Sign up for a rewards credit card and get free money, gift certificates, airline miles or other perks. (Of course, it's only free if you pay the balance in full each month without incurring interest charges.)
When you have to make a purchase online, start at BondRewards.com to earn another cool freebie: You click on an affiliated online retailer (there are hundreds) to do your shopping as usual, and a percentage of your purchase is given back to you in your BondRewards account. You then redeem your rewards for U.S. savings bonds or cash.
13. Free Financial Advice
Not to toot our own horn (okay, maybe just a little), but Kiplinger.com is a treasure trove of free financial advice. Our tools and calculators will help you get on the right financial track.
Our expert columnists will answer your personal-finance questions. For instance, Kim Lankford answers your general financial questions, Janet Bodnar tackles family and kid topics and Knight Kiplinger advises readers on ethics and money matters.
14. Free Mobile Apps
You spent all that money on a new iPhone. Now download some free apps to help you save money and recoup the cost. For instance, the free Mint.com or Quicken apps help you track your spending and manage your money and investments on the go. AMT Hunter can help you find a surcharge-free machine near wherever you are. And iShop can help you search for the lowest price on an item before you buy.
There are plenty of other useful applications at the iTunes App Store, with free recipes, weather updates, diet help, music, games and more.
15. Free Books, Movies, & Music
If you haven't been to the public library lately, dust off your card. It's your ticket to mounds of free books, magazines, CDs and movies.
Many libraries also offer free lectures, book readings and community clubs to residents.
16. Free Online Bill Paying
Stop paying your bills by check and put their payment on autopilot. At many banks, including Bank of America, BB&T, SunTrust and Wachovia, you get free bill paying with every online checking account. (Be sure you read the fine print -- some banks may require you to maintain a certain balance in your checking account to get the freebie.)
But even if your bank doesn't give you this freebie, you can probably arrange for automatic bill paying directly with the parties sending the bills, such as your utility, credit-card, phone and mortgage companies.
17. Free Kids' Meals
Yes, there is such a thing as a free lunch -- or dinner. Kids eat free at Denny's, Lone Star Steakhouse and Roadhouse Grill every Tuesday night (and some Saturdays) with a paying adult. IHOP, Golden Corral, Marie Callender's and Chevys restaurants offer kids-eat-free deals at select locations.
You can search for eateries in your area at KidsMealDeals.com.
18. Free Digital Storage Space
With free online backup storage, you can protect your important files and photos from computer crashes, theft or natural disaster.
For instance, Spideroak.com and Myotherdrive.com each give you 2 gigabytes of free and secure digital storage space. You can also store your cherished photos and videos at sites such as Photobucket.com and Flickr.com. You can also store your pics at photo-print ordering sites such as Snapfish.com, Shutterfly.com or Walmart.com, as long as your account is active.
19. Free Tech Recycling -- With Benefits
Not only is it getting easier to keep your old electronics out of the landfill, but you may even get some free cash in exchange. Services such as BuyMyTronics.com, Gazelle.com, MyBoneyard.com and GreenPhone.com recycle or refurbish your old tech and send you a check in return. They take cameras, cell phones, MP3 players, game consoles and more.
If you can't find anyone willing to pay for your dinosaur, look for other free places to recycle. For instance, Best Buy will take many of your tech castoffs at no charge. And keep your eyes open for free e-recycling days in your city.
20. Free Capital Gains
Who wouldn't love to let their investments grow 100% tax-free? Take a pass on paying capital-gains taxes by investing in a Roth IRA. Any money you put into your Roth grows tax-free, and you won't owe Uncle Sam a dime when you cash out in retirement. It's all yours.
1. Free Video Games
If you're looking for games for the kids -- or an excuse to act like a kid yourself -- head to Kongregate.com, Popcap.com, Pogo.com and OnlineFlashGames.org for thousands of free online and downloadable games of all types.
For educational or just-for-fun games suited to young kids, check out PBSkids.org, DiscoveryKids.com, NickJr.com and Scholastic.com/kids.
2. Free Birthday Goodies
A slew of businesses will give you prime freebies on your birthday that almost make getting older worth it. For instance, anyone can get free admission to Disneyland or Disney World parks in 2009. Join the birthday club at Toys R Us and your child (younger than 10) will get a free toy or gift card every year.
If you sign up in advance to join the club at your favorite eatery, you could score free food on your birthday too. For example, you can get a free meal at Famous Dave's BBQ and free ice cream at Cold Stone Creamery and Baskin Robbins. Search the Web for "birthday freebies," then call your local restaurants to ask whether they participate in the deal.
3. Free Shipping
Special delivery! Some retailers still offer free shipping on every order, including Alyssagiftbaskets.com (special-occasion gifts), Bluenile.com (jewelry), Piperlime.com (shoes), Shopbop.com (clothes) and Zappos.com (shoes).
Many merchants offer free shipping if you can pick up the item at your local store, including Walmart.com, Payless.com and REI.com. This comes in handy for online-only items, oversize purchases or goods that have sold out at your local store. Or, look for free shipping deals when you spend a certain amount, such as orders over $25 at Amazon.com. See FreeShipping.org for more deals.
4. Free Software
For most of your computing needs, you can get free software. For word processing and spreadsheets, go to OpenOffice.org. For antivirus protection, head to http://free.avg.com. For free basic photo editing, check out http://picasa.google.com, or for more advanced touch-ups, try Gimp.org. And to manage your finances, use the free programs at Mint.com or Wesabe.com.
5. Free Stock Trades
At Wells Fargo, you get 100 commission-free online trades per year if your cumulative account balance is $25,000 or more (including your Wells Fargo checking and savings accounts, certificates of deposit, IRAs and brokerage accounts).
Also, Zecco.com offers ten free trades per month if you have $25,000 in your brokerage account.
6. Free Credit Report
By law, you're entitled to one free report once a year from each of the three main credit bureaus. Go to www.annualcreditreport.com to find out what lenders can see about your credit history.
7. Free TV and Movies
Head online to watch free episodes from hundreds of TV shows -- old and current -- as well as free movies. And it's perfectly legal.
At OVGuide.com you'll find a list of TV and movie sites including Hulu.com, Veoh.com and Fancast.com, as well as individual network Web sites, such as ABC.com and CBS.com.
8. Free ATMs
A buck or two here and there may not seem like a big deal, but if you're frequenting ATMs outside your bank's network, the surcharges can add up quickly.
Get money from an ATM that belongs to a surcharge-free network. Allpoint has about 200 participating institutions and 32,000 ATMs. Money Pass has 600 members and 8,000 ATMs.
9. Free (and Risk-Free) Interest
Many banks offer free savings accounts, but they won't help your money grow. Instead, use a high-yield online savings account for your short-term savings, such as ING Direct, HSBC Direct and Emigrant Direct. They're FDIC-insured and were recently paying around 1.4%. They have no minimum-balance requirement, so you earn that rate whether you have $1 or $100,000 saved.
And consider the free interest-bearing checking accounts from ING Direct and Everbank. They're also FDIC-insured and were recently paying between 0.25% and 1.96%. (Most traditional banks' free checking accounts pay you nil.)
10. Airline Freebies
Airlines may be scaling back their perks, but some still have freebies for fliers. For instance, Southwest lets you check two bags for free, while most others charge extra for luggage. JetBlue lets you check one bag free, plus gives you access to free TV, satellite radio and all-you-can-eat snacks. Continental still serves free meals on several routes. And all kids under age 2 can fly free on your lap on any airline.
Don't forget about the free flights you can score by signing up for an airline's frequent-flier program (enrollment is also free). See the "Program Guide" at WebFlyer.com for the lowdown on each airline's rules.
11. Free Money for Grad School
On average, a year of graduate school costs $28,375 for a master's degree at a public school and $38,665 at a private school. But free money abounds, from grants and scholarships to assistantships and fellowships.
12. Free Rewards
You have to buy groceries and gas anyway, so why not use those purchases to get a little more green in your wallet? Sign up for a rewards credit card and get free money, gift certificates, airline miles or other perks. (Of course, it's only free if you pay the balance in full each month without incurring interest charges.)
When you have to make a purchase online, start at BondRewards.com to earn another cool freebie: You click on an affiliated online retailer (there are hundreds) to do your shopping as usual, and a percentage of your purchase is given back to you in your BondRewards account. You then redeem your rewards for U.S. savings bonds or cash.
13. Free Financial Advice
Not to toot our own horn (okay, maybe just a little), but Kiplinger.com is a treasure trove of free financial advice. Our tools and calculators will help you get on the right financial track.
Our expert columnists will answer your personal-finance questions. For instance, Kim Lankford answers your general financial questions, Janet Bodnar tackles family and kid topics and Knight Kiplinger advises readers on ethics and money matters.
14. Free Mobile Apps
You spent all that money on a new iPhone. Now download some free apps to help you save money and recoup the cost. For instance, the free Mint.com or Quicken apps help you track your spending and manage your money and investments on the go. AMT Hunter can help you find a surcharge-free machine near wherever you are. And iShop can help you search for the lowest price on an item before you buy.
There are plenty of other useful applications at the iTunes App Store, with free recipes, weather updates, diet help, music, games and more.
15. Free Books, Movies, & Music
If you haven't been to the public library lately, dust off your card. It's your ticket to mounds of free books, magazines, CDs and movies.
Many libraries also offer free lectures, book readings and community clubs to residents.
16. Free Online Bill Paying
Stop paying your bills by check and put their payment on autopilot. At many banks, including Bank of America, BB&T, SunTrust and Wachovia, you get free bill paying with every online checking account. (Be sure you read the fine print -- some banks may require you to maintain a certain balance in your checking account to get the freebie.)
But even if your bank doesn't give you this freebie, you can probably arrange for automatic bill paying directly with the parties sending the bills, such as your utility, credit-card, phone and mortgage companies.
17. Free Kids' Meals
Yes, there is such a thing as a free lunch -- or dinner. Kids eat free at Denny's, Lone Star Steakhouse and Roadhouse Grill every Tuesday night (and some Saturdays) with a paying adult. IHOP, Golden Corral, Marie Callender's and Chevys restaurants offer kids-eat-free deals at select locations.
You can search for eateries in your area at KidsMealDeals.com.
18. Free Digital Storage Space
With free online backup storage, you can protect your important files and photos from computer crashes, theft or natural disaster.
For instance, Spideroak.com and Myotherdrive.com each give you 2 gigabytes of free and secure digital storage space. You can also store your cherished photos and videos at sites such as Photobucket.com and Flickr.com. You can also store your pics at photo-print ordering sites such as Snapfish.com, Shutterfly.com or Walmart.com, as long as your account is active.
19. Free Tech Recycling -- With Benefits
Not only is it getting easier to keep your old electronics out of the landfill, but you may even get some free cash in exchange. Services such as BuyMyTronics.com, Gazelle.com, MyBoneyard.com and GreenPhone.com recycle or refurbish your old tech and send you a check in return. They take cameras, cell phones, MP3 players, game consoles and more.
If you can't find anyone willing to pay for your dinosaur, look for other free places to recycle. For instance, Best Buy will take many of your tech castoffs at no charge. And keep your eyes open for free e-recycling days in your city.
20. Free Capital Gains
Who wouldn't love to let their investments grow 100% tax-free? Take a pass on paying capital-gains taxes by investing in a Roth IRA. Any money you put into your Roth grows tax-free, and you won't owe Uncle Sam a dime when you cash out in retirement. It's all yours.
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