Moving Topeka One house at a Time

Newsletter-February 2010
February 11th, 2010 11:59 AM


February 15, 2010

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The Top 10 Things the IRS Wants You to Know
About the First-Time Homebuyer's Tax Credit!


 

  1. You must sign a contract to buy a principal residence on or before April 30, 2010.
  2. You must close on the home on or before June 30, 2010.
  3. You have the option of claiming the credit on your 2009 or 2010 return.
  4. Current homeowners can now qualify for a reduced credit. You can qualify for the credit if you’ve lived in the same principal residence for any five-consecutive year period during the eight-year period that ended on the date the new home is purchased.
  5. The maximum credit for long-time residents is $6,500. However, married individuals filing separately are limited to $3,250.
  6. People with higher incomes can now qualify for the credit. The full credit is available to taxpayers with modified adjusted gross incomes up to $125,000, or $225,000 for joint filers.
  7. The maximum credit for first time home buyers is 10% of the purchase price up to $8,000.
  8. No credit is available if the purchase price of the home exceeds $800,000.
  9. The purchaser must be at least 18 years old on the date of purchase. For a married couple, only one spouse must meet this age requirement.
  10. A dependent is not eligible to claim the credit.
FICO Scores - A Brief Explanation

 

When you apply for a mortgage loan, you expect your lender to pull a credit report and look at whether you’ve made your payments on time. What you may not expect is that they seem to be more interested in your "FICO" score.

"What’s a FICO score?" is a common reaction.

Each time your credit report is pulled, it is run through a computer program with a built-in scorecard. Points are awarded or deducted based on certain items such as how long you have had credit cards, whether you make your payments on time, if your credit balances are near maximum, and assorted other variables. When the credit report prints in your lender’s office, the total score is displayed. Your score can be anywhere between the high 300’s and the low 800’s

Lenders wanted to determine if there was any relationship between these credit scores and whether borrowers made their payments on time, so they did a study. The study showed that borrowers with scores above 680 almost always made their payments on time. Borrowers with scores below 600 seemed fairly certain to develop problems.

As a result, credit scoring became a more important factor in approving mortgage loans. Credit scores also made it easier to develop artificial intelligence computer programs that could make a "yes" decision for loans that should obviously be approved. Nowadays, a computer and not a person may have actually approved your mortgage.

n short, lower credit scores require a more thorough review than higher scores. Often, mortgage lenders will not even consider a score below 600.

Some of the things that affect your FICO score are:

  • Delinquencies
  • Too many accounts opened within the last twelve months
  • Short credit history
  • Balances on revolving credit are near the maximum limits
  • Public records, such as tax liens, judgments, or bankruptcies
  • No recent credit card balances
  • Too many recent credit inquiries
  • Too few revolving accounts
  • Too many revolving accounts

FICO actually stands for Fair Isaac and Company, which is the company used by the Experian (formerly TRW) credit bureau to calculate credit scores. Trans-Union and Equifax are two other credit bureaus who also provide credit scores.

copyright 2000 by Terry Light and RealEstate ABC

Getting the House Ready to Sell


House Exterior

The big decision is whether to paint or not to paint. When you look at your house from across the street, does it look tired and faded? If so, a paint job may be in order. It is often a very good investment and really spruces up the appearance of a house, adding dollars to offers from potential homebuyers.

When choosing a color, it should not be something garish and unusual, but a color that fits well in your neighborhood. Of course, the color also depends on the style of your house, too. For some reason, different shades of yellow seem to illicit the best response in homebuyers, whether it is in the trim or the basic color of the house.

As for the roof, if you know your roof leaks, repair it.  If you do not repair a leaky roof, you are going to have to disclose it and the buyer will want an entire new roof.  If you know your roof leaks and you don't repair it and don't disclose it, look forward to hearing from lawyers at some point in the future.

Otherwise, wait and see what the home inspector says. Why spend monehy unnecessarily?

Source: realestateabc.com

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Posted by Michele Holley, REALTOR on February 11th, 2010 11:59 AMPost a Comment (0)

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Just Listed! 2925 SW Arrowhead Rd Topeka, KS 66614
February 11th, 2010 11:55 AM
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$114,500.00
2925 SW Arrowhead Rd

Topeka, KS 66614



Beds: 4 Rooms: 0
Full Baths: 2 Sq. Ft.: 1970
Garage: 2 Built: 1979
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Michele Holley, REALTOR
Reece and Nichols Homes Topeka, Inc

www.movetopeka.com



 
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Posted by Michele Holley, REALTOR on February 11th, 2010 11:55 AMPost a Comment (0)

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Just Listed! 1927 SE Massachusetts Topeka, KS 66605
February 9th, 2010 12:08 PM
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$43,500.00
1927 SE Massachusetts

Topeka, KS 66605



Beds: 3 Rooms: 0
Full Baths: 1 Sq. Ft.: 1350
Garage: 0 Built: 1960
 

This is a new listing that
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interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Michele Holley, REALTOR
Reece and Nichols Homes Topeka, Inc

www.movetopeka.com



 
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Posted by Michele Holley, REALTOR on February 9th, 2010 12:08 PMPost a Comment (0)

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Just Listed! 1159 SW Jewell Ave Topeka, KS 66604
February 9th, 2010 11:41 AM
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$65,800.00
1159 SW Jewell Ave

Topeka, KS 66604



Beds: 3 Rooms: 0
Full Baths: 1 Sq. Ft.: 1564
Garage: 1 Built: 1925
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Michele Holley, REALTOR
Reece and Nichols Homes Topeka, Inc

www.movetopeka.com



 
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Posted by Michele Holley, REALTOR on February 9th, 2010 11:41 AMPost a Comment (0)

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Just Listed! 21176 S Ratner Rd Overbrook, KS 66524
November 19th, 2009 12:49 PM
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$123,500.00
21176 S Ratner Rd

Overbrook, KS 66524



Beds: 3 Rooms: 0
Full Baths: 2 Sq. Ft.: 1568
Garage: 2 Built: 2002
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Michele Holley
Reece and Nichols Homes Topeka, Inc

www.listedbymichele.com



 
  Visit this listing here

Posted by Melissa Martin on November 19th, 2009 12:49 PMPost a Comment (0)

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Newsletter-November 2009
October 30th, 2009 12:38 PM


November 1, 2009

 Michele Holley, REALTOR ®
Reece and Nichols Homes Topeka, Inc
1931 SW Gage Blvd
Topeka, KS 66604

Turkey Purchasing Pointers from the National Turkey Federation

Whether purchasing a fresh or frozen turkey, consumers can be confident they are buying a quality product. The decision of which to purchase is based on personal preference in price and convenience. Oven-ready fresh and frozen birds are tucked into snug, air and water resistant plastic wraps immediately following processing. Air is removed as bags are sealed and shrunk so they fit the turkey almost as tightly as its own skin.

Frozen turkeys are flash frozen immediately after processing to 0 degrees F or below and held at that temperature until packaged. The meat, once defrosted, is virtually at the same freshness as the day it was processed.

Fresh turkeys are deep chilled after packaging. They have a shorter shelf life and are, therefore, usually more expensive.

Whether you buy a fresh or frozen turkey, proper cooking and handling of the bird will ensure a delicious holiday meal.

Frozen Turkey:

  • Store at 0 degrees F or below.
  • Purchase during special value sales and store the bird in the freezer until the thawing time begins.
  • Thaw under refrigeration, in cold water, or the microwave.
    Refrigeration: Allow approximately 24 hours per four to five pounds to thaw in the refrigerator.
    Cold Water: Allow approximately 30 minutes per pound to thaw in cold water, which is changed every 30 minutes. Do not use warm or hot water and be sure to change the water every 30 minutes.
    Microwave: Follow the microwave manufacturer's directions and begin to roast the turkey immediately following the microwave process.

Fresh Turkey:

  • Stored at 26 degrees F and above.
  • Purchase for convenience because thawing is not required. Cost may be slightly more due to special handling required by the store.
  • Order in advance to be assured of availability.
  • Place fresh raw poultry in a refrigerator that maintains 40 degrees F and use it within the time frame on the package label or freeze the poultry at 0 degrees F.

Hard Chilled/Previously Hard Chilled Turkey:

  • Stored at temperatures between 0 and 26 degrees F. In late 1997, new regulations created a separate category for turkeys in this temperature range, which had previously been labeled fresh. Cooks should treat this bird with the same care as a fresh bird and recognize this product has a shorter shelf life than a frozen product.

OTHER TIPS FOR PURCHASING AND PREPARING TURKEY:

  • Processors may add convenience or value-added features to whole turkeys, including pop-up timers, net bags for easy carrying and self-basting solutions injected into the bird for added flavor. Consumers can choose which of these options best suit their needs.
  • Purchase one pound of turkey per person to be served. This formula allows for the holiday meal plus a little left over for the prized turkey sandwich.
  • Ensure that the packaging is intact and avoid purchasing a bird with packaging that has rips or tears.
  • Save on supermarket specials by purchasing more than one turkey. A whole frozen turkey may be stored in your freezer for up to 12 months.
  • Select the size of turkey based on number of servings needed. There is no appreciable difference between female (hen) and male (tom) turkeys in tenderness, white/dark meat ratio or other eating qualities. Hens typically weigh between 14 to 16 pounds and toms 15 pounds on up, so choose the size which best fits the number of dinner guests you expect.
  • Select alternative turkey cuts if you are having a small gathering for the holiday. Other turkey products that are readily available include a turkey breast, tenderloins, cutlets, drumsticks or thighs. Or ask your butcher to cut a whole fresh bird in two halves, roast one half and freeze the other half for a later occasion.

Source: eatturkey.com

Tips for a Smooth Move

Move tips
A Checklist for Before and After You’ve Moved

Please take advantage of our moving tips and moving advice. Print this page and carry it with you before and several days after the move. Moving tips that may seem obvious can be easily over looked. Take our moving advice and utilize this checklist before and after you have moved.

  • Take Notes
    Make a note of your shipment registration number and keep it with you in case you need to call your mover with questions about your shipment.
  • Get the Bed Ready
    Designate one drawer of a dresser for sheets and towels so that you won't have to rummage through boxes for these essentials the first night in your new home.
  • Don’t forget about the Fridge
    After you've thoroughly cleaned and dried the inside of your refrigerator, put a handful of fresh coffee, baking soda or charcoal in a sock or nylon stocking and place it inside to keep the interior smelling fresh.
  • Keep the Phone Book
    Take your current phone book with you. You may need to make calls to residents or businesses back in your former hometown.
  • Pack Heavy – Pack Light
    Pack heavy items in small boxes and lighter items in larger boxes.
  • Give out your Number
    Before the van foreman leaves for your destination residence, give him a phone number where you can be reached. It is also a good idea to provide him with an alternate contact in case you can't be reached.
  • Protect Your Memories
    If it’s irreplaceable, take it with you in the car (you don’t want regrets later). But if you do decide to pack framed photos or art, place sheets or blankets between them for added protection.
  • Know how to Pack Plates and Records
    Plates and record albums should be packed on end vertically, rather than placed flat and stacked.
  • Remember the Bare Necessities
    Toilet paper, telephone, toiletries, snacks, coffee (and pot), soap, flashlight, screwdriver, pliers, can opener, paper plates, cups, utensils, a couple of pans, and paper towels are some of the essentials you may need upon arrival at your new home. Pack a box with these types of items and ask your van foreman to load it last so that it will be unloaded first.
  • Unscrew Bulbs
    Remove bulbs before packing your lamps.
  • Tag your Items
    For your garage sale, tag all items and be prepared to wheel and deal. Garage sale gurus love to haggle.
  • Give the Kids an Exercise
    Have children write their names and new address on the cartons from their rooms so they can become familiar with their new street and town.
  • Help your Pet Relax
    Keep your pet calm and away from all the activity on moving day by arranging for a friend to watch him at their house.
  • Be Nice to Your Plants
    When moving plants to your new residence via your car, try not to let foliage rest against the windows, as the leaves will scorch.
  • Take a Break from the Computer
    Upon arrival at your new home, let your computer "acclimate" itself to room temperature before plugging it in.
  • Enjoy the Help
    Leave the rest to the professionals, sit back and relax, and look forward to the new opportunities, friends and experiences that are part of any move.

Source: Realestateabc.com

Getting the House Ready to Sell Disconnecting Your Emotions


When conversing with real estate agents, you will often find that when they talk to you about buying real estate, they will refer to your purchase as a "home." Yet if you are selling property, they will often refer to it as a "house." There is a reason for this. Buying real estate is often an emotional decision, but when selling real estate you need to remove emotion from the equation.

You need to think of your house as a marketable commodity. Property. Real estate. Your goal is to get others to see it as their potential home, not yours. If you do not consciously make this decision, you can inadvertently create a situation where it takes longer to sell your property.

The first step in getting your home ready to sell is to "de-personalize" it.

Source: realestateabc.com

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Posted by Michele Holley, REALTOR on October 30th, 2009 12:38 PMPost a Comment (0)

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Just Listed! 3433 Lakeview Dr Vassar, KS 66543
September 14th, 2009 11:51 AM
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$85,000.00
3433 Lakeview Dr

Vassar, KS 66543



Beds: 0 Rooms: 0
Baths: 0 Sq. Ft.: 0
Garage: 1.0 Built: 0
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Michele L Holley
Reece and Nichols Homes Topeka, Inc

www.listedbymichele.com



 
  Visit this listing at Here

Posted by Michele Holley, REALTOR on September 14th, 2009 11:51 AMPost a Comment (0)

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Price Reduced! 2717 SE Michigan Topeka, KS 66605
August 27th, 2009 3:11 PM
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$34,500.00
2717 SE Michigan

Topeka, KS 66605



Beds: 2.0 Rooms: 0
Baths: 1.00 Sq. Ft.: 1006.00
Garage: 1.0 Built: 1910
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Michele L Holley
Reece and Nichols Homes Topeka, Inc

www.listedbymichele.com



 
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Posted by Michele Holley, REALTOR on August 27th, 2009 3:11 PMPost a Comment (0)

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Just Listed! 14190 126th Rd Hoyt, KS 66440
August 25th, 2009 2:31 PM
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$285,000.00
14190 126th Rd

Hoyt, KS 66440



Beds: 6.0 Rooms: 0
Baths: 6.00 Sq. Ft.: 5343.00
Garage: 0 Built: 2004
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Michele L Holley
Reece and Nichols Homes Topeka, Inc

www.listedbymichele.com



 
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Posted by Michele Holley, REALTOR on August 25th, 2009 2:31 PMPost a Comment (0)

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403 S 2nd Osage City, KS 66523
March 23rd, 2009 2:34 PM
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$125,000.00
403 S 2nd

Osage City, KS 66523



Beds: 3.0 Rooms: 0
Baths: 2.00 Sq. Ft.: 2494.00
Garage: 2.0 Built: 1975
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Michele Holley
Reece and Nichols Homes Topeka, Inc

www.listedbymichele.com



 
  Visit this listing at Here

Posted by Michele Holley, REALTOR on March 23rd, 2009 2:34 PMPost a Comment (0)

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