Thursday, September 08, 2005

The Effect of Hurricane Katrina on Real Estate Prices

The Effect of Hurricane Katrina on Real Estate Prices: "In the wake of Hurricane Katrina�s wide path of destruction, the real estate market will be affected perhaps in ways not fully understood or expected. If recent hurricane recovery history holds true there will be several good things to come out of all destruction. Let's hope so as those who live in the Delta region have suffered immensely.
In September 1989, a strong category 4 hurricane by the name of Hugo made landfall in the Charleston, SC area. Up to that time it was the strongest hurricane to hit the U.S. mainland since Camille whacked the Gulf coast in 1969. The damage from Hugo was extensive with entire forests wiped out and fishing villages and seaside resorts heavily damaged. "
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Pick contractors with care during disasters - The Clarion-Ledger

Pick contractors with care during disasters - The Clarion-Ledger: "If your home is damaged by a natural disaster, avoid the impulse to rush into repair work. Con artists and unscrupulous contractors often prey on consumers anxious to get their lives and property back in order.

The Federal Trade Commission and the American Red Cross offer this advice on choosing a contractor:

Deal only with licensed and insured contractors. Screen each candidate, and check at least three references to see if the contractor did a good job and charged a fair price on previous work. You might also call your local Better Business Bureau or your insurance company."
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Guidelines to Avoid Fraud in Wake of Storm

Guidelines to Avoid Fraud in Wake of Storm: "-- Guidelines to avoid fraud in the wake of Hurricane Katrina:
_ Do not pay cash to home repair contractors or tree removal services.

_ Require home repair contractors to obtain all necessary government licenses and permits, rather than leaving that burden on the consumer."
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Consumers beware of repair frauds

Consumers beware of repair frauds: "According to the National Consumer Law Center, home repair and improvement sales-siding, roofing, storm windows, basement waterproofing, lawn services, and so forth-generate so many consumer complaints they are often considered the classic form of consumer abuse.

Home maintenance and improvement sales can be loaded with traps"
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Change orders can turn remodel into money pit

HeraldNet: Change orders can turn remodel into money pit: "The end of yet another summer is in sight. It's a time when vacations become mere memories, kids head back to school, and home once again becomes the object of much attention.
In fact, after spring, fall is the second most popular season to remodel, as folks scurry to complete a much-needed kitchen or bath remodel in time for holiday entertaining.
Every homeowner who ventures into the world of home remodeling or repair must come to respect - and, when possible, avoid - four little words: 'While you're at it.'"
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Homeowners face choice: repair or raze and rebuild

Homeowners face choice: repair or raze and rebuild - baltimoresun.com: "When floodwaters swept through their home, Marianne and Steve Konka began asking themselves: Do we salvage or rebuild?

Two years ago, Tropical Storm Isabel sent two feet of water rushing into their five-room house in Bowleys Quarters. The water subsided in a day."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Get real before you buy | Business | Breaking News 24/7 - NEWS.com.au (08-09-2005)

Get real before you buy | Business | Breaking News 24/7 - NEWS.com.au (08-09-2005): "A house will most likely be one of the most expensive assets you will ever own, so it's important to lay good financial foundations before crossing the threshold.
Before you sign on the dotted line, take financial control. This may mean gaining a good understanding of your financial circumstances or clearing any debt before starting to save for a first home.
Remember, the earlier you start saving, the more options will be available. For many, it will become obvious that they are spending too much. "
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Kansas City Star | 09/08/2005 | Additional locations for Homebuyers Class available

Kansas City Star | 09/08/2005 | Additional locations for Homebuyers Class available: "For many, a home is the biggest purchase they'll make. Because the process of buying a house can be confusing, even intimidating, the Kansas City Regional Association of Realtors has teamed up with several area sponsors to offer a monthly course that can turn even the most hesitant buyer into an informed consumer.
The Community Homebuyers Class provides concentrated classroom time with various professionals associated with the home-buying process. The course is conducted in a nonsolicitation environment."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.