Tag Archives: mortgage

Turn Your Home Into a Billboard

Times are tough and the economy stinks. We already know this. More people are having their homes foreclosed than ever before. The homeless rate is continuing to skyrocket. Jobs are being lost and homes are sitting empty because no one can afford to buy them – even at reduced auction prices after the bank has taken them away. Everywhere you turn online, you see stories just like these and desperate pleas for someone to step up and do something. One company is aiming to help homeowners in a very big way. But is the price a little too steep?

Mobile advertising network Adzookie wants to pay your mortgage AND give your home a facelift in the form of a brand spanking new paint job. The catch – and you knew there was going to be one – is that your abode will be turned into a giant billboard for the company.

The company is looking for people who own their homes – you cannot be a renter, for obvious reasons. They will paint the entire outside of the house not including the roof, windows or awnings. It only takes a couple of days for the entire paint process to be completed, so you won’t be dealing with contractors for weeks on end. The house has to stay painted as a billboard for a minimum of three months, but that can be extended for a year. If the homeowner decides to cancel after the three months (or if Adzookie decides to cancel) they will repaint your house back to its original colors.

Can you even begin to imagine what your neighbors would say if your house looked this way? I imagine neighborhood property values would plummet and an angry mob may beat on your door with lynching ropes in hand. Seriously, though, I shudder at the mere thought of someone doing this. Yes, I completely understand that it’s nearly impossible for so many out there to pay their mortgages while maintaining the balance with other obligations. This seems like an easy way out, but is selling out in this manner really worth it?

Apparently, more than a thousand homeowners feel it’s definitely worth it. That’s how many applications the company has already received. The sheer number of citizens who are hoping for a chance to turn their home into a spectacle overwhelmed Adzookie to the point they have had to push back the project starting date in order to weed through the hopefuls.

My question to all of you is this: Would you be willing to turn your home into a giant billboard in exchange for a few mortgage payments? Are you comfortable with having to hide from your neighbors for at least three months? More importantly, how far do you feel is “too far” in the advertising world? Am I completely crazy, or is this well beyond acceptable marketing practices?

Now is a Great Time to Buy a New Home

This is a Sponsored Post written by me on behalf of Coldwell Banker. All opinions are 100% mine.

The tax credit for first-time home buyers was set to expire this past November. However, Congress has signed a bill which extends that credit. The new bill raises the cap for first-time home buyers, as well as allowing current homeowners to possibly receive a credit for moving up.

If you are buying a home for the first time, you can receive a tax credit up to $8,000.00! The credit also may be for you if you have lived in the same home for five of the past eight years, and are looking to move up to a different home. That type of home purchase can gain you a credit of up to $6500.00.

We have no way to predict what the economy is going to do, nor whether this credit will ever be extended again. Since it expires on April 30th, 2010, you have to have a binding contract written for your home purchase in order to take advantage of it. Your closing date also has to be schedule, prior to June 30th, 2010.

It may seem like now isn’t the time to be buying a home, with the way the economic picture looks. However, the numbers have shown that is not the case. According to the 2009 National Association of Realtors┬« Profile of Home Buyers and Sellers, the number of first-time home buyers rose to 47 percent of all home sales from 41 percent of transactions. This is the highest amount since 1981!

What I am loving about this bill is the fact that it also caters to those buyers who are looking to move up. Let’s say there’s a couple who bought a home about six years ago, when they were first married. Life has changed for that couple over the years. They now have a few children, a couple of pets, and a lot of stuff. Their current house just isn’t working for them now, but they’re afraid to dive in to something larger. Having this credit out there will be a great way to help them finally make that decision, and get into a house that suits them better.

It doesn’t cost anything to look, you know. You can always check out what Realtors such as Coldwell Banker have available in your area. Do a free search right in your current home. You may be surprised at the costs of housing right now, and find that you actually are able to afford that dream house.

Visit my sponsor: 2010 Homebuyer Tax Credits

I always say to do your research before buying something new. This is absolutely no exception. Don’t only research the home you want to buy. Make sure to do your homework when it comes to the tax credit, your mortgage, and all of the many other details. Buying a home – especially for the first time – can seem like a daunting task. However, people like those at Coldwell Banker are there to help you… making the process easier, every step of the way.