This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
The process of buying a home can be overwhelming at times, but you don't need to go through it alone.
You may be wondering if now is a good time to buy a home...or if interest rates are projected to rise or fall. The free eGuide below will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying a home.
Check it out, and feel free to get in touch if you have any questions.
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
The process of buying a home can be overwhelming at times, but you don't need to go through it alone.
You may be wondering if now is a good time to buy a home...or if interest rates are projected to rise or fall. The free eGuide below will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying a home.
Check it out, and feel free to get in touch if you have any questions.
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
Things To Consider When Buying A Home - Fall 2017 - by Kris and Kim DarneyKris and Kim Darney
E-Book - Whether buying your first home or your fifth, having a local REALTOR® who is an expert in their market on your side is your best bet to make sure the process goes smoothly.
Let’s talk about how we can make your dreams of homeownership a reality!
Learn about the best steps to take when buying your home this winter of 2018. We have made it easy to know how to get your home bought with the best terms
The process of buying a home can be overwhelming at times, but you don’t need to go through it alone.
You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall. The free eGuide below will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying a home.
Check it out, and feel free to get in touch if you have any questions.
Things to Consider When Buying a Home (Spring 2015)
This “Buyer Guide” will give you powerful marketing materials and help you simply and effectively explain the current market opportunities to potential buyers.
National real estate trends and predictions for home buyers. This edition tells you the pros and cons of buying real estate this winter, where the rates are currently and where they may head in the future and why it's important to hire a real estate agent to guide you on your home purchasing journey.
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
This packet contains the latest trends and information for rates and prices across the US. It contains important information about the steps to purchasing real estate, hiring the right real estate agent and reasons why you should be providing your mortgage broker with a ton of paperwork upfront in order to get the most accurate quote on how much of a house you can afford. Use this as a guide in helping you decide whether or not now is the time to buy and use it during your home buying process. Knowledge is power, the more you know, the easier the home buying process will be for you. Not only that - the more you know, the less you may be given the run-around!
Take a peek at the most recent sales trends and step by step home purchasing time line to help you decide if this is the right time for you to purchase a home.
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
Things To Consider When Buying A Home - Fall 2017 - by Kris and Kim DarneyKris and Kim Darney
E-Book - Whether buying your first home or your fifth, having a local REALTOR® who is an expert in their market on your side is your best bet to make sure the process goes smoothly.
Let’s talk about how we can make your dreams of homeownership a reality!
Learn about the best steps to take when buying your home this winter of 2018. We have made it easy to know how to get your home bought with the best terms
The process of buying a home can be overwhelming at times, but you don’t need to go through it alone.
You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall. The free eGuide below will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying a home.
Check it out, and feel free to get in touch if you have any questions.
Things to Consider When Buying a Home (Spring 2015)
This “Buyer Guide” will give you powerful marketing materials and help you simply and effectively explain the current market opportunities to potential buyers.
National real estate trends and predictions for home buyers. This edition tells you the pros and cons of buying real estate this winter, where the rates are currently and where they may head in the future and why it's important to hire a real estate agent to guide you on your home purchasing journey.
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
This packet contains the latest trends and information for rates and prices across the US. It contains important information about the steps to purchasing real estate, hiring the right real estate agent and reasons why you should be providing your mortgage broker with a ton of paperwork upfront in order to get the most accurate quote on how much of a house you can afford. Use this as a guide in helping you decide whether or not now is the time to buy and use it during your home buying process. Knowledge is power, the more you know, the easier the home buying process will be for you. Not only that - the more you know, the less you may be given the run-around!
Take a peek at the most recent sales trends and step by step home purchasing time line to help you decide if this is the right time for you to purchase a home.
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
Are you thinking about buying a home this spring 2019? Then this Free Guide will help answer a lot of your questions about why you should buy, and when you should do that.
There is more to buying a home than looking at houses for sale online. This brochure is packed full of great information for both the first time home buyer, and experienced property owners. For even more information, CALL TROY 770-676-8999.
Things to consider when buying a home in Eastern CT including Ledyard, Groton, Mystic, Stonington, Norwich, Montville, New London, East Lyme, or Waterford.
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don’t need to go through the process alone.
You may be wondering if prices are projected to rise or fall…or how much competition you may be facing in your market. The free eGuide below will answer many of your questions and likely bring up a few things you haven’t even thought about yet.
The process of buying a home can be overwhelming at times, but you don’t need to go through it alone.
You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall. The free eGuide below will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying a home.
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
MC Heights-Best Construction Company in jhanglaraibfatim009
MC Heights stands as the epitome of excellence in construction within Jhang. With a commitment to unparalleled quality and innovative design, MC Heights redefines urban living in the heart of Jhang. Offering luxurious residential spaces, cutting-edge commercial complexes, and vibrant community areas, MC Heights caters to the diverse needs of modern lifestyles. Our dedication to superior craftsmanship and customer satisfaction ensures that every aspect of MC Heights exceeds expectations, making it the premier choice for those seeking unparalleled sophistication and comfort in Jhang.
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Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Newman George Leech
Oeiras Tech City, a historic development in the Oeiras municipality of Lisbon, is acquired by RE Capital and REIG. It is located on a 93,000-square-meter plot of land and combines co-living, business, and residential areas. It highlights ESG principles and is close to Tagus Park, which improves the urban landscape of Lisbon.
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
Avrupa Konutlari Yenimahalle - Listing TurkeyListing Turkey
Welcome to Avrupa Konutları Yenimahalle, where luxury living meets unparalleled convenience in the heart of Istanbul. Developed by Artaş Holding, one of Turkey’s leading construction companies, this prestigious residential project offers a contemporary lifestyle experience like no other.
https://listingturkey.com/property/avrupa-konutlari-yenimahalle/
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
2. TABLE OF CONTENTS
WHAT’S HAPPENING IN THE HOUSING MARKET?
WHAT YOU NEED TO KNOW BEFORE YOU BUY
WHAT TO EXPECT WHEN BUYING A HOME
3 4 REASONS TO BUY A HOME THIS SPRING!
5 THE COST OF RENTING VS. BUYING [INFOGRAPHIC]
6 BUYING IS NOW 37.7% CHEAPER THAN RENTING IN THE US
7 HOME PRICES OVER THE LAST YEAR
8 BUYING A HOME? CONSIDER COST, NOT JUST PRICE
STARTING TO LOOK FOR A HOME? KNOW WHAT YOU WANT
VS. WHAT YOU NEED9
10 2 MYTHS THAT MAY BE HOLDING YOU BACK FROM BUYING
12 WHY PRE-APPROVAL SHOULD BE YOUR FIRST STEP
13 HOW LOW INTEREST RATES INCREASE YOUR PURCHASING POWER
14 5 REASONS HOMEOWNERSHIP IS A GOOD FINANCIAL INVESTMENT
15 WHAT YOU NEED TO KNOW ABOUT THE MORTGAGE PROCESS
16 GETTING A MORTGAGE: WHY SO MUCH PAPERWORK?
17 READY TO MAKE AN OFFER? 4 TIPS FOR SUCCESS
19 WHAT TO EXPECT WHEN HOME INSPECTING
20 HAVE YOU PUT ASIDE ENOUGH FOR CLOSING COSTS?
3. 3
Here are four great reasons to consider buying a home today instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latest Home Price Index reports that home prices have appreciated by 7.2% over
the last 12 months. The same report predicts that prices will continue to increase at a rate
of 4.7% over the next year.
The bottom in home prices has come and gone. Home values will continue to appreciate for
years. Waiting no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase
Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year
mortgage have remained around 4%. Most experts predict that they will begin to rise over
the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the
National Association of Realtors are in unison, projecting that rates will increase by this
time next year.
An increase in rates will impact YOUR monthly mortgage payment. A year from now, your
housing expense will increase if a mortgage is necessary to buy your next home.
4 REASONS TO BUY A HOME THIS SPRING!
4. 4
3. Either Way You are Paying a Mortgage
There are some renters who have not yet purchased a home because they are
uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless
you are living with your parents rent-free, you are paying a mortgage - either yours or your
landlord’s.
As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have
equity in your home that you can tap into later in life. As a renter, you guarantee your
landlord is the person with that equity.
Are you ready to put your housing cost to work for you?
4. It’s Time to Move On with Your Life
The ‘cost’ of a home is determined by two major components: the price of the home and
the current mortgage rate. It appears that both are on the rise.
But what if they weren’t? Would you wait?
Look at the actual reason you are buying and decide if it is worth waiting. Whether you
want to have a great place for your children to grow up, you want your family to be safer or
you just want to have control over renovations, maybe now is the time to buy.
If the right thing for you and your family is to purchase a home this year, buying sooner
rather than later could lead to substantial savings.
6. 6
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains
cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro
areas in the United States.
The updated numbers actually show that the range is an average of 17.4% less expensive in
Honolulu (HI), all the way up to 53.2% less expensive in Miami & West Palm Beach (FL), and
37.7% nationwide!
Other interesting findings in the report include:
• Interest rates have remained low and, even though home prices have appreciated around
the country, they haven’t greatly outpaced rental appreciation.
• Home prices would have to appreciate by a range of over 23% in Honolulu (HI), up to over
45% in Ventura County (CA), to reach the tipping point of renting being less expensive
than buying.
• Nationally, rates would have to reach 9.1%, a 145% increase over today’s average of 3.7%,
for renting to be cheaper than buying. Rates haven’t been that high since January of
1995, according to Freddie Mac.
Bottom Line
Buying a home makes sense socially and financially. If you are one of the many renters out
there who would like to evaluate your ability to buy this year, let's get together to find your
dream home.
BUYING IS NOW 37.7% CHEAPER THAN
RENTING IN THE US
7. 7
HOME PRICES OVER THE LAST YEAR
Every quarter, the Federal Housing Finance Agency (FHFA) reports on the year-over-year
changes in home prices. Below, you will see that prices are up year-over-year in every region.
Looking at the breakdown by state, you can see that each state is appreciating at a different
rate. This is important to know if you are planning on relocating to a different area of the
country. Waiting to move may end up costing you more!
Year-over-Year Prices Regionally
Year-over-Year Prices By State
8. Mortgage Interest Rate Payment (P&I)**
Today $250,000 4.16% $1,216.71
Q2 2018 $261,750 4.8% $1,373.31
$156.60 Difference in Monthly Payment
Monthly Annually Over 30 Years
$156.60 $1,1879.20 $56,376
*Rates based on Freddie Mac’s prediction at time of print
As a seller, you will be most concerned about ‘short term price’ – where home values are
headed over the next six months. As a buyer, however, you must not be concerned about
price, but instead about the ‘long term cost’ of the home.
The Mortgage Bankers Association (MBA), the National Association of Realtors (NAR) and
Freddie Mac all project that mortgage interest rates will increase by this time next year.
According to CoreLogic’s most recent Home Price Index Report, home prices will
appreciate by 4.7% over the next 12 months.
What Does This Mean as a Buyer?
If home prices appreciate by the 4.7% predicted by CoreLogic over the next twelve
months, here is a simple demonstration of the impact an increase in interest rate would
have on the mortgage payment of a home selling for approximately $250,000 today:
BUYING A HOME?
CONSIDER COST, NOT JUST PRICE
8
9. 9
STARTING TO LOOK FOR A HOME? KNOW WHAT
YOU WANT VS. WHAT YOU NEED
In this day and age of being able to shop for anything anywhere, it is really important to know
what you’re looking for when you start your home search.
If you’ve been thinking about buying a home of your own for some time now, you’ve probably
come up with a list of things that you’d LOVE to have in your new home. Many new homebuyers
fantasize about the amenities that they see on television or Pinterest, and start looking at the
countless homes listed for sale with rose-colored glasses.
Do you really need that farmhouse sink in the kitchen in order to be happy with your home choice?
Would a two-car garage be a convenience or a necessity? Could the man cave of your dreams be a
future renovation project instead of a make or break now?
The first step in your home buying process should be to get pre-approved for your mortgage. This
allows you to know your budget before you fall in love with a home that is way outside of it.
The next step is to list all the features of a home that you would like & to qualify them as follows:
• ‘Must-Haves’ – if this property does not have these items, then it shouldn’t even be
considered. (ex: distance from work or family, number of bedrooms/bathrooms)
• ‘Should-Haves’ – if the property hits all of the ‘must-haves’ and some of the ‘should-haves,’ it
stays in contention, but does not need to have all of these features.
• ‘Absolute Wish List’ – if we find a property in our budget that has all of the ‘must-haves,’
most of the ‘should-haves,’ and ANY of these, it’s the winner!
Bottom Line
Having this list fleshed out before starting your search will save you time and frustration, while
also letting your agent know what features are most important to you before he or she begins to
show you houses in your desired area.
10. Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed
to qualify for a home loan. According to the report, 76% of Americans either don’t know
(40%) or are misinformed (36%) about the minimum down payment required.
10
2 MYTHS THAT MAY BE HOLDING YOU BACK
FROM BUYING
Fannie Mae’s article, “What Consumers (Don’t) Know About Mortgage Qualification
Criteria,” revealed that “only 5 to 16 percent of respondents know the correct ranges for
key mortgage qualification criteria.”
Many believe that they need at
least 20% down to buy their
dream home, but many
programs actually let buyers put
down as little as 3%.
On the right are the results of a
Digital Risk survey of Millennials
who recently purchased a home.
As you can see, 64.2% were able
to purchase their home by
putting down less than 20%,
with 43.8% putting down less
than 10%!
Myth #1: “I Need a 20% Down Payment”
MILLENNIALS
between the ages of 18 and 34
10%
26%
7.8%
20.4%
22.6%
6.3% 6.9%
0% 1-5% 6-9% 10-19% 20-29% More than
30%
Unsure
How much was your down payment?
36% put 5% or less down
43.8% put < 10% down
64.2% put < 20% down
11. 0.02% 0.43%
8.7%
21.5%
24.5%
32.2%
12.7%
500-549 550-599 600-649 650-699 700-749 750-799 800+
11
Bottom Line
Whether buying your first home or moving up to your dream home, knowing your options
will make the mortgage process easier. Your dream home may already be within your reach.
Many Americans believe a
‘good’ credit score is 780
or higher.
To help debunk this myth,
let’s take a look at Ellie
Mae’s latest Origination
Insight Report, which
focuses on recently closed
(approved) loans.
As you can see on the right,
54.7% of approved mortgages
had a credit score of 600-749.
Myth #2: “I Need a 780 FICO® Score or Higher to Buy”
The survey revealed that 59% of Americans either don’t know (54%) or are misinformed (5%)
about what FICO® score is necessary to qualify.
FICO® Score
Distribution
54.7%
12. 12
WHY PRE-APPROVAL SHOULD BE YOUR FIRST STEP
In many markets across the country, the amount of buyers searching for their dream home greatly
outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often
need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified
or pre-approved for a mortgage before starting your search.
But even if you are in a market that is not as competitive, knowing your budget will give you the
confidence to know if your dream home is within your reach.
Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website.
“It’s highly recommended that you work with your lender to get pre-approved before you begin
house hunting. Pre-approval will tell you how much home you can afford and can help you move
faster, and with greater confidence, in competitive markets.”
One of the many advantages of working with a local real estate professional is that many have
relationships with lenders who will be able to help you with this process. Once you have selected a
lender, you will need to fill out their loan application and provide them with important information
regarding “your credit, debt, work history, down payment and residential history.”
Freddie Mac describes the 4 Cs that help determine the amount you will be qualified to borrow:
• Capacity: Your current and future ability to make your payments
• Capital or cash reserves: The money, savings and investments you have that can be sold quickly for
cash
• Collateral: The home, or type of home, that you would like to purchase
• Credit: Your history of paying bills and other debts on time
Getting pre-approved is one of many steps that will show home sellers that you are serious about buying
and it often helps speed up the process once your offer has been accepted.
Bottom Line
Many potential home buyers overestimate the down payment and credit scores needed to qualify for a
mortgage today. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do
so as well.
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According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a
30-year fixed rate mortgage are currently around 4%, which is still very low in
comparison to recent history!
The interest rate you secure when buying a home not only greatly impacts your monthly
housing costs, but also impacts your purchasing power.
Purchasing power, simply put, is the amount of home you can afford to buy for the
budget you have available to spend. As rates increase, the price of the house you can
afford will decrease if you plan to stay within a certain monthly housing budget.
The chart below shows what impact rising interest rates would have if you planned to
purchase a home within the national median price range, and planned to keep your
principal and interest payments at or about $1,100 a month.
HOW LOW INTEREST RATES INCREASE YOUR
PURCHASING POWER
With each quarter of a percent increase in interest rate, the value of the home you can
afford decreases by 2.5%, (in this example, $6,250). Experts predict that mortgage rates
will be closer to 5% by this time next year.
Act now to get the most house for your hard-earned money.
4.75 $ 1,304 $ 1,272 $ 1,239 $ 1,206 $ 1,174
4.50 $ 1,267 $ 1,235 $ 1,203 $ 1,172 $ 1,140
4.25 $ 1,230 $ 1,199 $ 1,168 $ 1,138 $ 1,107
4.00 $ 1,194 $ 1,164 $ 1,134 $ 1,104 $ 1,074
3.75 $ 1,158 $ 1,129 $ 1,099 $ 1,071 $ 1,042
3.50 $ 1,123 $ 1,095 $ 1,066 $ 1,038 $ 1,010
3.25 $ 1,088 $ 1,061 $ 1,034 $ 1,006 $ 979
$ 250,000 $ 243,750 $ 237,500 $ 231,250 $ 225,000
-2.5% -5% -7.5% -10%
Buyer’s Purchasing Power
RATE
Principal and Interest Payments
rounded to the nearest dollar amount.
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5 REASONS HOMEOWNERSHIP IS A GOOD
FINANCIAL INVESTMENT
According to a report by Trulia, “buying is cheaper than renting in 100 of the largest
metro areas by an average of 37.7%.” That may have some thinking about buying a home
instead of signing another lease extension, but does that make sense from a financial
perspective?
In the report, Ralph McLaughlin, Trulia’s Chief Economist explains:
“Owning a home is one of the most common ways households build long-term
wealth, as it acts like a forced savings account. Instead of paying your landlord,
you can pay yourself in the long run through paying down a mortgage on a house.”
The report listed 5 reasons why owning a home makes financial sense:
• Mortgage payments can be fixed while rents go up.
• Equity in your home can be a financial resource later.
• You can build wealth without paying capital gains.
• A mortgage can act as a forced savings account.
• Overall, homeowners can enjoy greater wealth growth than renters.
Bottom Line
Before you sign another lease, let’s get together and discuss all your options.
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Why is there so much paperwork mandated by
lenders for a mortgage loan application when
buying a home today? It seems that they need
to know everything about you and require
three separate sources to validate each and
every entry on the application form.
Many buyers are being told by friends and
family that the process was a hundred times
easier when they bought their home ten to
twenty years ago.
There are two very good reasons that the
loan process is much more onerous on today’s
buyer than perhaps any time in history.
GETTING A MORTGAGE:
WHY SO MUCH PAPERWORK?
1. The government has set new guidelines that now demand that the bank prove
beyond any doubt that you are indeed capable of paying the mortgage.
During the run-up in the housing market, many people ‘qualified’ for mortgages that they could
never pay back. This led to millions of families losing their homes. The government wants to make
sure this can’t happen again.
2. The banks don’t want to be in the real estate business.
Over the last seven years, banks were forced to take on the responsibility of liquidating millions of
foreclosures and also negotiating another million+ short sales. Just like the government, they don’t
want more foreclosures. For that reason, they need to double (maybe even triple) check everything
on the application.
However, there is some good news about this situation.
The housing crash that mandated that banks be extremely strict on paperwork requirements also
allowed you to get a mortgage interest rate around 4%.
The friends and family who bought homes ten or twenty years ago experienced a simpler mortgage
application process but also paid a higher interest rate (the average 30-year fixed rate mortgage
was 8.12% in the 1990s and 6.29% in the 2000s).
If you went to the bank and offered to pay 7% instead of around 4%, they would probably bend over
backwards to make the process much easier.
Bottom Line
Instead of concentrating on the additional paperwork required, let’s be thankful that we are able
to buy a home at historically low rates.
17. READY TO MAKE AN OFFER? 4 TIPS FOR SUCCESS
So you’ve been searching for that perfect house to call a ‘home’ and you finally found one! The price
is right, and in such a competitive market you want to make sure you make a good offer so that you
can guarantee your dream of making this house yours comes true!
Freddie Mac covered “4 Tips for Making an Offer” in their latest Executive Perspective. Here are the
4 tips they covered along with some additional information for your consideration:
1. Understand How Much You Can Afford
“While it's not nearly as fun as house hunting, fully understanding your finances is critical in
making an offer.”
This ‘tip’ or ‘step’ really should take place before you start your home search process.
Getting pre-approved is one of many steps that will show home sellers that you are serious about
buying, and will allow you to make your offer with the confidence of knowing that you have already
been approved for a mortgage for that amount. You will also need to know if you are prepared to
make any repairs that may need to be made to the house (ex: new roof, new furnace).
2. Act Fast
“Even though there are fewer investors, the inventory of homes for sale is also low and
competition for housing continues to heat up in many parts of the country.”
The inventory of homes listed for sale has remained well below the 6-month supply that is needed
for a ‘normal’ market. Buyer demand has continued to outpace the supply of homes for sale, causing
buyers to compete with each other for their dream home.
Make sure that as soon as you decide that you want to make an offer, you work with your agent to
present it as soon as possible.
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3. Make a Solid Offer
Freddie Mac offers this advice to help make your offer the strongest it can be:
“Your strongest offer will be comparable with other sales and listings in the neighborhood. A
licensed real estate agent active in the neighborhoods you are considering will be instrumental
in helping you put in a solid offer based on their experience and other key considerations such as
recent sales of similar homes, the condition of the house and what you can afford.”
Talk with your agent to find out if there are any ways that you can make your offer stand out in this
competitive market!
4. Be Prepared to Negotiate
“It's likely that you'll get at least one counteroffer from the sellers so be prepared. The two
things most likely to be negotiated are the selling price and closing date. Given that, you'll be
glad you did your homework first to understand how much you can afford.
Your agent will also be key in the negotiation process, giving you guidance on the counteroffer
and making sure that the agreed-to contract terms are met.”
If your offer is approved, Freddie Mac urges you to "always get an independent home inspection, so
you know the true condition of the home." If the inspection uncovers undisclosed problems or issues,
you can discuss any repairs that may need to be made, with the seller, or cancel the contract.
Bottom Line
Whether buying your first home or your fifth, having a local real estate professional who is an expert
in their market on your side is your best bet to make sure the process goes smoothly. Let’s talk about
how we can make your dreams of homeownership a reality!
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WHAT TO EXPECT WHEN HOME INSPECTING
How to Choose an Inspector
Your agent will most likely have a short list of inspectors that they have worked with in the
past that they can recommend to you. Realtor.com suggests that you consider the following 5
areas when choosing the right home inspector for you:
• Qualifications – Find out what’s included in your inspection & if the age or location of
your home may warrant specific certifications or specialties.
• Sample Reports – Ask for a sample inspection report so you can review how thoroughly
they will be inspecting your dream home. The more detailed the report the better in
most cases.
• References – Do your homework – Ask for phone numbers and names of past clients that
you can call to ask about their experience.
• Memberships – Not all inspectors belong to a national or state association of home
inspectors, and membership in one of these groups should not be the only way to evaluate
your choice. Often membership in one of these organizations means that there is
continued training and education provided.
• Errors & Omission Insurance – Find out what the liability of the inspector or inspection
company is once the inspection is over. The inspector is only human after all, and it is
possible that they might miss something they should have seen.
Ask your inspector if it’s ok for you to tag along during the inspection. That way, they can
point out anything that should be addressed or fixed.
Don’t be surprised to see your inspector climbing on the roof, crawling around in the attic,
and on the floors. The job of the inspector is to protect your investment and find any issues
with the home, including but not limited to: the roof, plumbing, electrical components,
appliances, heating & air conditioning systems, ventilation, windows, the fireplace &
chimney, the foundation & so much more!
Bottom Line
They say ‘ignorance is bliss,’ but not when investing your hard-earned money in a home of
your own. Work with a professional you can trust to give you the most information possible
about your new home so that you can make the most educated decision about your purchase.
So you made an offer, it was accepted, and
now your next task is to have the home
inspected prior to closing. More often than
not, your agent may have made your offer
contingent on a clean home inspection.
This contingency protects you in case the
inspection reveals repairs that need to be
made, or even if you need to walk away from
the deal. Your agent can advise you on the
best course of action once the report is filed.
20. HAVE YOU PUT ASIDE ENOUGH FOR
CLOSING COSTS?
There are many potential homebuyers, and even sellers, who believe that you need at least a
20% down payment in order to buy a home, or move on to their next home. Time after time,
we have dispelled this myth by showing that there are many loan programs that allow you to
put down as little as 3% (or 0% with a VA loan).
If you have saved up your down payment and are ready to start your home search, one other
piece of the puzzle is to make sure that you have saved enough for your closing costs.
Freddie Mac defines closing costs as follows:
“Closing costs, also called settlement fees, will need to be paid when you obtain a
mortgage. These are fees charged by people representing your purchase, including
your lender, real estate agent, and other third parties involved in the transaction.
Closing costs are typically between 2 and 5% of your purchase price.”
We’ve recently heard from many first-time homebuyers that they wished that someone had
let them know that closing costs could be so high. If you think about it, with a low down
payment program, your closing costs could equal the amount that you saved for your down
payment.
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Here is a list of just some of the fees/costs that may be included in your closing costs,
depending on where the home you wish to purchase is located:
Is there any way to avoid paying closing costs?
Work with your lender and real estate agent to see if there are any ways to decrease or defer
your closing costs. There are no-closing mortgages available, but they end up costing you
more in the end with a higher interest rate, or by wrapping the closing costs into the total
cost of the mortgage (meaning you’ll end up paying interest on your closing costs).
Home buyers can also negotiate with the seller over who pays these fees. Sometimes the
seller will agree to assume the buyer’s closing fees in order to get the deal finalized.
Bottom Line
Speak with your lender and agent early and often to determine how much you’ll be
responsible for at closing. Finding out you’ll need to come up with thousands of dollars right
before closing is not a surprise anyone is ever looking forward to.
• Government recording costs
• Appraisal fees
• Credit report fees
• Lender origination fees
• Title services (insurance, search fees)
• Tax service fees
• Survey fees
• Attorney fees
• Underwriting fees
22. CONTACT ME TO TALK MORE
Anthony D’Alicandro
Dwell Real Estate
anthonydalicandro@gmail.com
dwellsouthjersey.com
(609) 391-1009
https://www.facebook.com/dwellsouthjersey/
I’m sure you have questions and concerns…
I would love to talk with you more about what you read here, and help you on the path to
buying a home. My contact information is below. I look forward to hearing from you!