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What are your Real Estate Resolutions?

Posted by VIP Realty on Monday, January 25th, 2010 at 1:58pm.

After the dismal 2009 we are all looking to move on and look ahead to new real estate opportunities in 2010. So, the question is: what are your real estate resolutions? A recent study conducted by Move.com found that there are a lot of resolutions to be found across America:

  • Nearly 18 percent of individuals who answered the Move.com survey said they hope to become first-time homeowners in 2010. If you are among that 18 percent, consider this: rates continue to be near historic lows; there is a nice supply of Champion’s Ridge homes on the market; and the first-time homebuyer tax credit has been extended into April 2010. It seems that all of the pieces of the real estate puzzle are coming together for many soon-to-be first-time homebuyers.
  • About 15 percent of the people surveyed by Move.com say that one of their top real estate resolutions is to work towards saving for their first home. The start of the New Year may be the ideal time to re-evaluate your budget and your financial goals and to work toward saving more each month. Make a budget, stick to it and watch your savings grow.
  • Nearly 40 percent of those surveyed say that home improvements top their list of things to do. With low interest rates on home equity loans, now may be the time to tackle those much-needed renovations on your piece of Champion’s Ridge real estate. Best of all, the interest paid out on your home equity loan can be deducted on your federal taxes.
  • About nine percent of the individuals in the Move.com survey reported that their real estate resolution for 2010 is to work on improving their credit score. Take the initiative and order a copy of your credit report from all three credit reporting agencies (you can order a free copy once a year from all three credit agencies). Take the time to review your credit report and to become current on all your debts. If you notice any discrepancies or errors on your report, immediately contact the credit reporting agency and submit a claim. Don’t waste time getting these matters resolved, as they can often greatly affect your credit score.

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