John Mayer's Newsletter 10/22/2009
 

Q.  Why should I get pre-approved before buying a home? 

A.  Years ago, buyers didn’t worry about financing their home purchase until after they found the home they wanted to buy.  Once they had an accepted offer, they’d shop around for a week or so and then submit a loan application. 

To compete in today's market, many buyers are now getting pre-approved for a mortgage.  This way, the buyer is seen as more stable, has greater influence in negotiating a purchase price, and can act quickly when they find a home the really love.  A pre-approved homebuyer is considered almost as strong as a cash buyer. 

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Hello Everyone!

I hope my newsletter is informative and keeps you up to speed with current trends and markets. As always, I am at your service and welcome referrals from you, your friends and neighbors. My goal is to be your lifelong Real Estate resource. Give me a call anytime.


Garage Door Home Safety Tip… 

Make sure to test your garage door openers monthly to ensure the safety features are working properly.  To run the test, simply place a 2” x 4” board on the floor of the garage in the door’s path.  If the door does not properly reverse when it strikes the board, you will want to have the door serviced as soon as possible.   

And, make sure the wall switch for the door is at least five-feet from the ground.  You don’t want young children playing with the door and becoming injured.   

Finally, keep your automatic door openers safely locked in your automobile away from children or would-be thieves who could use the opener to enter your home.

John's Featured Listings 

Choose The Right Water Heater And Save On Energy Costs 

Many homeowners consider only the size of the tank when choosing a new water heater—sometimes ignoring the energy factor and other efficiency measures that could cost money in the end. 

The first decision in purchasing a new water heater is the fuel source.  A natural gas unit will cost less to operate than an electric unit will; the price difference (usually about $50) can be paid back in energy savings in just a few months.  Even if you have six teenagers, you may not need a large capacity unit. 

Instead of concentrating on size, start by estimating how much hot water your family uses during the busiest hour—morning showers, for example.  Here are the average gallons of hot water per use:  Bath or long shower (8 to 10 gallons), dishwasher (8 to 10 gallons), clothes washer (7 gallons), personal use (4 gallons). 

Fed: Economy recovering modestly

Beige book seems to affirm a tepid recovery with gains "small or scattered" as housing and manufacturing perk up. Read more.

Government unveils new mortgage help

The administration unveiled a new federal program to boost local housing agency help for first-time buyers and renters. Read more.

Entrepreneurs find opportunity in down market

Many investors see the current slowdown as a golden real estate opportunity: the perfect time to buy low and sell high. Read more.

   

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