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.
Are you considering buying a home? This Home Buyer Guide covers useful information for people buying a home. Should you have any questions, please reach out to me at www.ThePeak.com
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.
Are you considering buying a home? This Home Buyer Guide covers useful information for people buying a home. Should you have any questions, please reach out to me at www.ThePeak.com
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.
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!
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.
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.
Things to Consider When Buying a Home (Fall 2021) | KM Realty Group ChicagoTammy Jackson
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.
We Make Real Estate Buying and Selling Easy.
https://kmrealtygroup.net/
Let's connect with a real estate professional to discuss your home buying or selling process. https://bit.ly/connect-km-realty
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!
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!
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.
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.
Things to Consider When Buying a Home (Fall 2021) | KM Realty Group ChicagoTammy Jackson
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.
We Make Real Estate Buying and Selling Easy.
https://kmrealtygroup.net/
Let's connect with a real estate professional to discuss your home buying or selling process. https://bit.ly/connect-km-realty
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.
Are You Thinking About Buying a Home?
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. This free eGuide 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.
Things to Consider When Buying a Home Fall 2023 - KM Realty, Chicago GuideTammy Jackson
📚 Attention homebuyers!
We're excited to roll out our latest "Buyer Guide". Designed as a comprehensive tool, it's packed with powerful marketing materials that lend clarity to your home-buying journey.
Not only does this meticulously prepared guide act as your map in the diverse real estate market of Chicagoland, but it also helps you navigate the current opportunities in the market with ease. From first-time homebuyers to seasoned investors, we've got something for everyone. 🔍
Here's what the guide covers:
🎯Tailored advice for different buyers: whether you're a family, a first-time buyer, or an investor.
🎯Answers to pressing real estate questions to simplify the journey of finding your dream home. 🏡
🎯Exclusive insights into our properties that embody value, charm, and comfort—all packaged in one.
Don't just dream about your ideal home, let our "Buyer Guide" lead you there. Get yours here: ✅https://kmrealtygroup.net/properties/
Take that leap of faith with us, and let KM Realty Group be your partner on this exciting journey.
For more information, visit our website at https://kmrealtygroup.net ✅
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
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 - Fall 2023 EditionTom Blefko
If you are considering buying a home this Fall, this guide will inform you about the present market and add clarity to help you make good decisions about real estate.
Follow me on these social media platforms:
Facebook (business page): https://www.facebook.com/tomblefko
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Blog: https://www.simplifyingthemarket.com/en/?a=528530-9b5b4e733fbacb19bcf2cbbf397e277e
Thinking about selling your Columbus Ohio area home this spring? This guide will answer a lot of questions you may have about when is the best time to sell you home, as well as who would be the best person to do that.
Thinking about selling your home yourself? Read on to see why you may be leaving money on the table by not using an agent.
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
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.
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
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Flat available for sale
Location- Tupudana, Ranchi
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For more information contact AASHIYANA STAR PROPERTIES
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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.
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/
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.
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
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
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
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
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
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.
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.
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
4 Reasons To Buy A Home This Spring3
2 Factors To Watch In Today's Real Estate Market5
Home Prices Over The Last Year7
Do You Know The Cost Of Waiting To Buy?8
3 Things You Need In A Shifting Market9
Be Thankful You Don't Have to Pay Mom & Dad's Interest Rates10
Buying a Home? Do You Know The Lingo?11
Why Pre-Approval Should Be Your First Step!12
One More Time... You Do NOT Need 20% Down To Buy!13
The True Cost Of NOT Owning Your Home14
Starting To Look For A Home? Know What You Want Vs. What You Need15
4 Proven Ways Real Estate Can Build Sizable Family Wealth16
The Difference Having A Professional On Your Side Makes18
Have You Put Aside Enough For Closing Costs?20
Ready To Make An Offer? 4 Tips For Success21
5 Reasons To Use A Real Estate Professional23
3. Below 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 4.7% over
the last 12 months. The same report predicts that prices will continue to increase at a rate of
4.6% 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 fixed
rate mortgage have started to level off at just under 4.5%. Most experts predict that rates will
rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac,
and 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
3
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.
4
5. 2 Factors To Watch In Today's Real Estate Market
When it comes to buying or selling a home there are many factors you should consider. Where
you want to live, why you want to buy or sell, and who will help you along your journey are
just some of those factors. When it comes to today’s real estate market, though, the top two
factors to consider are what’s happening with interest rates & inventory.
Interest Rates
Mortgage interest rates had been on the rise for the majority of 2018, before slowing to where
they are now, below 4.5% according to Freddie Mac’s Primary Mortgage Market Survey.
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 to buy
will decrease if you plan to stay within a certain monthly housing budget.
The chart below demonstrates the impact rising interest rates would have if you planned to
purchase a $400,000 home while keeping your principal and interest payments between
$2,020-$2,050 a month.
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, $10,000).
Experts predict that
mortgage rates will
be closer to 5% by
this time next year.
5
6. Inventory
A ‘normal’ real estate market requires there to be a 6-month supply of homes for sale in order
for prices to increase only with inflation. According to the National Association of Realtors
(NAR), listing inventory is currently at a 3.9-month supply (still well below the 6 months
needed), which has put upward pressure on home prices. Home prices have increased year-
over-year for the last 83 straight months.
The inventory of homes for sale in the real estate market had been on a steady decline and
experienced year-over-year drops for 36 straight months (from July 2015 to May 2018), but
we are starting to see a shift in inventory over the last eight months.
The chart below shows the change in housing supply over the last 12 months compared to
the previous 12 months. As you can see, beginning in June, inventory levels have started to
increase as compared to the same time last year.
6
Bottom Line
If you are planning to enter the housing market, either as a buyer or a seller, let’s get together
to discuss what changes in mortgage interest rates and inventory could mean for you.
Last 12 Months
HOUSING SUPPLY
Year-Over-Year
7. 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 over the past year, each state has
appreciated at a different rate. This is important to understand if you are planning to relocate
to a different area of the country. Waiting to move may end up costing you more!
Home Prices Over The Last Year
7
8. CoreLogic recently shared that national home prices have increased by 4.7% year-over-year.
Over that same time period, interest rates have remained historically low which has allowed
many buyers to enter the market.
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, Freddie Mac, and Fannie Mae 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 4.6% over the next 12 months.
What Does This Mean as a Buyer?
If home prices appreciate by the 4.6% 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:
*Rates based on Freddie Mac’s prediction at time of print
Do You Know The Cost Of Waiting To Buy?
8
Bottom Line
If buying a home is in your plan for this year, doing it sooner rather than later could save you
thousands of dollars over the terms of your loan.
$143.32
Monthly Annually Over 30 Years
$143.32 $1,719.84 $51,595
Mortgage Interest Rate* Payment (P&I)**
Today $250,000 4.35% $1,244.53
2019 $261,500 4.90% $1,387.85
Difference in Monthly Payment
9. If you are thinking of buying a home, today’s real estate headlines can be confusing – perhaps even
concerning. What is actually happening with mortgage rates? Are home values dropping or are they
just rising at a slower pace? What impact will the economy have on the housing market?
If you are a buyer, you need to know what it will mean to your family if you go ahead with the move.
You need to understand three things:
1. What is happening in the housing market right now?
Consumers must get past those fear-mongering headlines and gain a deep understanding of what is
truly happening. How strong is buyer demand right now? How much competition do listings have
today compared to what they will have in the coming months? People want to make an educated
decision on what is probably their family’s greatest financial asset.
2. Why is it happening?
Understanding the individual pieces that impact the sale or purchase of real estate is important.
Understanding how those pieces impact each other is critical. How does the amount of a down
payment impact the mortgage rate a buyer will be offered?
3. How do the first two affect your local market?
Basically, you want an understanding of the overall housing market and a simple and effective
explanation of how it will impact your personal real estate goals.
Bottom Line
The best way to get all three is to contact a local real estate professional who understands this
shifting real estate market and can expertly guide you on the journey to reach your housing goals.
Let’s get together to discuss what today’s market means for you.
3 Things You Need In A Shifting Market
9
10. Interest rates increased steadily over the course of 2018 until November, when they reversed
course. So far in 2019, that trend has continued, with rates below 4.5%. This has given many
buyers relief from rising home prices and helped with affordability. The experts agree that rates
will increase over the next 12 months, just not as quickly as they had in 2018.
The rate you secure greatly impacts your monthly mortgage payment and the amount you will
ultimately pay for your home. Don’t let the prediction that rates will increase stop you from
purchasing your dream home this year.
Let’s take a look at a historical view of interest rates over the last 45 years.
Bottom Line
Be thankful that you can still get a better interest rate than your older brother or sister did ten
years ago, a lower rate than your parents did twenty years ago, and a better rate than your
grandparents did forty years ago.
Be Thankful You Don't Have To Pay Mom & Dad's Interest Rate
10
11. Buying A Home? Do You Know the Lingo?
To start you on your path with confidence, we have
compiled a list of some of the most common terms
used when buying a home.
Appraisal – A professional analysis used to estimate the value of the
home. A necessary step in validating the home’s worth to you & your
lender to secure financing.
Closing Costs – The cost to complete the real estate transaction. Paid at
closing, they include: points, taxes, title insurance, financing costs,
items that must be prepaid or escrowed. Ask your lender for a complete
list of closing cost items.
Credit Score – A number ranging from 300-850, that is based on an
analysis of your credit history. Helps lenders determine the likelihood
that you’ll repay future debts.
Down Payment – Down payments are typically 3-20% of the purchase
price of the home. 0% down programs also exist, ask your lender for
more information.
Mortgage Rate – The interest rate you pay to borrow money to buy your
house. The lower the rate, the better.
Pre-Approval Letter – A letter from a lender indicating that you
qualify for a mortgage of a specific amount.
Real Estate Professional – An individual who provides services in buying
& selling homes. Real estate professionals are there to help you through
the confusing paperwork, find your dream home, negotiate any of the
details that come up, and to help you know exactly what’s going on in
the housing market.
Freddie Mac – My Home Section
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The best way to ensure that your home-buying process is a
confident one is to find a real estate pro who will guide you
through every aspect of the transaction with ‘the heart of a
teacher’, putting your family’s needs first.
12. In many markets across the country, the number of buyers searching for their dream homes
greatly exceeds the number 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.
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:
1. Capacity: Your current and future ability to make your payments
2. Capital or Cash Reserves: The money, savings, and investments you have that can be sold
quickly for cash
3. Collateral: The home, or type of home, that you would like to purchase
4. 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 homebuyers 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 surprised at your
ability to do so.
Why Pre-Approval Should Be Your First Step
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13. The largest obstacle renters face when planning to buy a home is saving for a down
payment. This challenge is amplified by rising rents, which has eaten into the amount of
money renters have leftover for savings each month after paying expenses.
In combination with higher rents, survey after survey has shown that non-homeowners
(renters and those living rent-free with family or friends) believe they need to save upwards of
20% for their down payment!
According to the “Barriers to Accessing Homeownership” study commissioned in partnership
between the Urban Institute, Down Payment Resource, and Freddie Mac, 39% of non-
homeowners and 30% of those who already own a home believe they need more than a 20%
down payment.
The percentage of those who are aware of low-down payment programs (those under 5%) is
surprisingly low at 12% for non-homeowners and 13% for homeowners.
A recent Convergys Analytics report found that 49% of renters believe they need at least a
20% down payment.
The median down payment on loans approved in 2018 was only 5%! Those waiting until they
have over 20% may already have enough saved to buy now!
There are over 45 million millennials (33%) who are mortgage ready right now, meaning their
income, debt, and credit scores would all allow them to qualify for a mortgage today!
Bottom Line
If your five-year plan includes buying a home, let’s get together to determine what it will take to
make that plan a reality. You may be closer to your dream than you realize!
One More Time... You Do NOT Need 20% Down To Buy!
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14. Owning a home has great financial benefits, yet many continue to rent. Let’s look at the
financial reasons why owning a home of your own has been a part of the American Dream for
the entirety of America’s existence.
Realtor.com reported that:
“Buying remains the more attractive option in the long term – that remains the American
dream, and it’s true in many markets where renting has become really the shortsighted
option… as people get more savings in their pockets, buying becomes the better option.”
What proof exists that owning is financially better than renting?
1. Here are the top 5 financial benefits of homeownership:
• Homeownership is a form of forced savings.
• Homeownership provides tax savings.
• Homeownership allows you to lock in your monthly housing cost.
• Buying a home is cheaper than renting.
• No other investment lets you live inside of it.
2. Studies have shown that a homeowner’s net worth is 44x greater than that of a renter.
3. A family who purchased a median-priced home at the start of 2019 will build more than
$49,000 in family wealth over the next five years with projected price appreciation alone.
4. Some argue that renting eliminates the cost of taxes and home repairs, but every potential
renter must realize that all the expenses the landlord incurs are already baked into the rent
payment – along with a profit margin!
Bottom Line
Owning a home has many social and financial benefits that cannot be achieved by renting.
The True Cost Of NOT Owning Your Home
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15. In this day and age of being able to shop for anything anywhere, it is very 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 deal breaker now?
The first step in your home buying process should be pre-approval 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 and 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 beginning to
show you houses in your desired area.
Starting To Look For A Home? Know What
You Want vs. What You Need
15
16. David Greene, co-host of the BiggerPockets podcast and a nationally renowned author and
speaker, recently wrote an article in Forbes explaining how investing in real estate could help
build wealth. Many of the points he made also apply to a family owning their own home.
Here are a few:
1. Appreciation
“The rising of home prices over time, is how the majority of wealth is built in real estate.
This is the ‘home run’ you hear of when people make a large windfall of money. While prices
fluctuate, over the long run real estate values have always gone up, always, and there is no
reason to think that is going to change.
One thing to consider when it comes to real estate appreciation affecting your ROI is the
fact that appreciation combined with leverage offers huge returns. If you buy a property
for $200,000 and it appreciates to $220,000, your property had made you a 10% return.
However, you likely didn’t pay cash for the property and instead used the bank’s money. If
you consider that you may have put 10% down ($20,000), you actually have doubled your
investment, a 100% return.”
2. Leverage
“By nature, real estate is one of the easiest assets to leverage I have ever come across—
maybe the easiest. Not only is it easy to leverage the financing of it, but the terms are
incredible compared to any other kind of loan. Interest rates are currently below 5%, down
payments can be 20% or less, and loans are routinely amortized over 30-year periods.”
4 Proven Ways Real Estate Can Build Sizable Family Wealth
16
17. 3. Paying Off the Debt
“One of the best parts of investing in real estate is the fact that … you’re slowly paying
down your loan balance with each payment to the bank… After enough time passes, a
good chunk of every payment comes off the loan balance, and wealth is created.”
4. Forced Equity
“Forced equity is a term used to refer to the wealth that is created when an investor
does work to a property to make it worth more…
Example of this would be adding a third or fourth bedroom to a property with only two,
adding a second bathroom to a property with only one, or adding more square footage to
a property with less than the surrounding houses.”
Though Green was talking about investors, the same could be said about a family upgrading their
own home.
Bottom Line
Green put it best by saying:
“There are many ways to build wealth in America, but real estate might be the
safest, steadiest and simplest way to do so."
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18. In today’s fast-paced world, where answers are a Google search away there are some who may
wonder what the benefits of hiring a real estate professional to help them in their home search
are. The truth is, with the addition of more information comes more confusion.
Shows like Property Brothers, Fixer Upper, and the dozens more on HGTV have given many a
false sense of what it’s like to buy and sell a home.
Now more than ever, you need an expert on your side who is going to guide you toward your
dreams and not let anything get in the way of achieving them. Buying and/or selling a home is
definitely not something you want to DIY (Do It Yourself)!
Here are just some of the reasons you need a real estate professional in your corner:
There’s more to real estate than finding a house you like online!
There are over 230 possible steps that need to take place during every successful real estate
transaction. Don’t you want someone who has been there before, someone who knows what
these actions are, to ensure you achieve your dream?
You Need a Skilled Negotiator
In today’s market, hiring a talented negotiator could save you thousands, perhaps tens of
thousands of dollars. Each step of the way, from the original offer, to the possible
renegotiation of that offer after a home inspection, to the possible cancellation of the deal
based on a troubled appraisal, you need someone who can keep the deal together until it
closes.
The Difference Having a Pro On Your Side Makes
18
19. What is the home you’re buying or selling worth in today’s market?
There is so much information out there on the news and on the internet about home sales,
prices, and mortgage rates; how do you know what’s going on specifically in your area? Who do
you turn to in order to competitively and correctly price your home at the beginning of the
selling process? How do you know what to offer on your dream home without paying too much
or offending the seller with a lowball offer?
Dave Ramsey, the financial guru, advises:
“When getting help with money, whether it’s insurance, real estate or investments, you
should always look for someone with the heart of a teacher, not the heart of a salesman.”
Hiring an agent who has his or her finger on the pulse of the market will make your buying or
selling experience an educated one. You need someone who is going to tell you the truth, not
just what they think you want to hear.
Bottom Line
Today’s real estate market is highly competitive. Having a professional who’s been there before to
guide you through the process is a simple step that will give you a huge advantage!
19
20. 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).
Once you have saved enough for your down payment and are ready to start your home
search, make sure that you have also saved enough for 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 & 5% of your purchase price.”
We’ve 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.
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:
Have You Put Aside Enough For Closing Costs?
• 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
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 that feature a higher interest rate
or wrap closing costs into the total cost of the mortgage (meaning you’ll end up paying interest
on your closing costs). Work with your lender to find the option that best fits your needs.
Homebuyers 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 would look forward to.
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21. So you’ve been searching for that perfect house to call 'home,' and you've finally found it! 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 that your dream of making this house yours comes true!
Below are 4 steps provided by Freddie Mac to help buyers make offers, along with some
additional information for your consideration:
1. Determine Your Price
“You’ve found the perfect home and you’re ready to buy. Now what? Your real estate
agent will be by your side, helping you determine an offer price that is fair.”
Based on your agent’s experience and key considerations (like similar homes recently sold in
the same neighborhood or the condition of the house and what you can afford), your agent
will help you to determine the offer that you are going to present.
Getting pre-approved will not only show home-sellers that you are serious about buying, but it
will also allow you to make your offer with confidence because you’ll know that you have
already been approved for a mortgage in that amount.
2. Submit an Offer
“Once you’ve determined your price, your agent will draw up an offer, or purchase
agreement, to submit to the seller’s real estate agent. This offer will include the
purchase price and terms and conditions of the purchase.”
Talk with your agent to find out if there are any ways in which you can make your offer
stand out in this competitive market! A licensed real estate agent who is active in the
neighborhoods you are considering will be instrumental in helping you put in a solid offer.
Ready To Make An Offer? 4 Tips For Success
21
22. 3. Negotiate the Offer
“Oftentimes, the seller will counter the offer, typically asking for a higher purchase
price or to adjust the closing date. In these cases, the seller’s agent will submit a
counteroffer to your agent, detailing their desired changes, at this time, you can either
accept the offer or decide if you want to counter.
Each time changes are made through a counteroffer, you or the seller have the option
to accept, reject or counter it again. The contract is considered final when both
parties sign the written offer.”
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 inspector uncovers
undisclosed problems or issues, you can discuss any repairs that may need to be made with
the seller or even cancel the contract altogether.
4. Act Fast
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 homes.
Make sure that as soon as you decide that you want to make an offer, you work with your
agent to present it as quickly as possible.
Bottom Line
Whether buying your first home or your fifth, having a local real estate professional who is
an expert in his or her market on your side is your best bet in making sure the process goes
smoothly. Let’s talk about how we can make your dream of homeownership a reality!
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23. 5 Reasons
To Hire A
Real Estate Professional
Contracts
They help with all disclosures & contracts necessary in
today’s heavily regulated environment.
Experience
They are well educated in and experienced with the entire
sales process.
Negotiations
They act as a “buffer” in negotiations with all parties
throughout the entire transaction.
Pricing
They help you understand today’s real estate values when
setting the price of a listing or an offer to purchase.
Understanding of Current Market Conditions
They simply & effectively explain today’s real estate
headlines & decipher what they mean to you.
23
24. CONTACT ME TO TALK MORE
JIM WEST
Jim West Team
Columbus, Ohio
jimwest@jimwestteam.com
www.JimWestTeam.com
(614) 507-5732
I’m sure you have questions and concerns about buying a home.
I would love to talk with you about what you read here, as well as help you on the path to buying
your new home. My contact information is below. I look forward to hearing from you!
Equal Housing Opportunity