Monday, September 19, 2011

Preparing for the winter months

The change in seasons should bring about more than just a change of wardrobe. It's important to c

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heck out your appliances and home systems now in order to help prevent unnecessary repairs when you need those systems the most.
 
To help you get your home ready for the next season, American Home Shield, one of the nation's leading providers of home warranty services, offers some tips to help you maintain your heating unit and plumbing system to ensure they're ready before the temperatures drop:
 

To prepare the heating system:
Have your system professionally cleaned and inspected.
Move any furniture that has been placed over floor vents away to clear the air flow.
To ensure efficient operation, check your system's air filters and clean or change them regularly.
It's always important to check out the manufacturer's maintenance recommendations for your specific unit. This information is typically available online and in your owner's guide.
Have a test run. Don't wait until it is cold outside to turn on your heat. Turn it on now and let it run for at least a half-hour, so you can listen for any unusual noises and make sure it is working properly.

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To prepare the plumbing system:
Insulate pipes prone to freezing, such as those near an outside wall; those in unheated areas of your home; or any exposed plumbing such as outside faucets.
Keep your water meter box covered with its lid to prevent the meter from freezing during cold periods.
Be sure you know where your master valve is located so you can quickly turn your home's water off if a line does break. In most homes, this valve will be located near the water heater, near the clothes washer, or where the water service line enters your home.
Wrap outdoor or crawl space pipes with electric heat tape or insulation to prevent freezing.

 
"Plumbing and heating systems are like any other machinery; they require some basic maintenance to keep them functioning properly," says Dave Quandt, Senior VP of Field Services for American Home Shield.
 
"Unfortunately, if regular maintenance doesn't take place and a system or appliance fails, it's usually at the time of need and you're left with a crisis which can require a quick and more expensive decision."
 
Copyright© 2011 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Sunday, September 18, 2011

Should I Rent or Should I Buy.....

 

Proposed FHA Loan Limits Change on October 1, 2011

Proposed FHA Loan Limits Change on October 1, 2011Proposed FHA Loan Limits Change on October 1, 2011

If passed, these proposed loan limit changes will restrict the size of loans that can be insured by the Federal Housing Administration. Out of 3,334 counties nationwide, 669 will be affected by these changes, the rest most likely will remain the same.

Streamline refinance loans will not be affected. This will effect any home with the loan amount great then 390,000 in Weber & Davis  Counties in Utah. Which is currently 56 home owners.

The impact may be greater in other areas of the state where homes prices are typically higher like Salt Lake, Tooele & Summit with 286 home currently listed and for sale will no longer quailify for an FHA loan under the new guidelines.

The following proposed changes are for Davis County , Utah:

Current                FHA Single-Family Loan Limit is $397,500.

Proposed            FHA Single-Family Loan Limit will be $389,850.

-- Difference of $7,650!

The following proposed changes are for Weber County , Utah:

Current                FHA Single-Family Loan Limit is $397,500

Proposed            FHA Single-Family Loan Limit will be $389,850.

-- Difference of $7,670!

And one of the hardest hits

The following proposed changes are for Salt Lake County , Utah:

Current                FHA Single-Family Loan Limit is $729,750.

Proposed            FHA Single-Family Loan Limit will be $600,300.

                                         -- Difference $129,450!               

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For more information and a copy of the press release, go to: http://portal.hud.gov/hudportal/documents/huddoc?id=fhaloanlmhera.pdf