This document provides an overview of key considerations for buying a home. It discusses 4 reasons to buy a home now rather than waiting, including that home prices are projected to continue rising and mortgage interest rates are also expected to increase. It also addresses common misconceptions about what is needed to qualify for a mortgage, noting that smaller down payments and average credit scores are often sufficient. The document provides supporting data and argues that both home prices and interest rates will likely be higher in the future, so buying now makes financial sense.
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.
This document provides an overview of key considerations for buying a home. It discusses reasons to buy now such as rising home prices and projected increases in mortgage interest rates. It also covers topics like the importance of hiring a real estate professional, actual down payment and credit requirements to qualify for a mortgage, and how even small increases in interest rates can significantly impact monthly mortgage payments. The overall message is that it may make financial sense for prospective home buyers to purchase now rather than waiting.
This document provides an overview of various topics related to buying a home. It includes articles on why buying a home now makes financial sense due to projected increases in home prices and mortgage interest rates. Other topics discussed include the importance of hiring a real estate professional to assist with negotiations and navigate the buying process. Additional pieces provide data on recent home price appreciation nationally and by state, compare the costs of renting vs buying, and examine projected mortgage interest rate trends. The document aims to inform potential homebuyers and emphasize the financial benefits of purchasing now versus waiting.
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.
The document provides an overview of various topics related to buying a home. It discusses reasons to buy a home now such as rising home prices and increasing mortgage interest rates. It also covers topics like how much paperwork is involved in getting a mortgage due to government regulations, and common misconceptions around down payments and credit scores needed to qualify for a mortgage. The document contains advice about hiring a real estate professional to help navigate the home buying process and negotiate a good deal. It includes surveys and data on home price forecasts, projected mortgage rates, down payments, and credit scores of home buyers.
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 document provides an overview of various topics related to buying a home, including:
- Home prices are projected to rise 3.4% annually over the next 5 years according to housing experts. Waiting to buy risks paying more.
- Mortgage interest rates are also expected to increase in the coming year, increasing monthly costs. Buying sooner allows locking in current rates.
- Professional assistance is recommended when buying a home to navigate the process and negotiate the best deal. Both the home buying process and mortgage qualifications involve significant paperwork requirements imposed after the 2008 housing crash to reduce risk.
This document provides an overview of various topics related to buying a home, including:
- Home prices are projected to rise 3.4% annually over the next 5 years according to housing experts. Waiting to buy risks paying more.
- Mortgage interest rates are also expected to increase in the coming year, increasing monthly costs. It may be better to buy now before rates rise further.
- The mortgage application process requires extensive paperwork to thoroughly verify buyers' finances due to regulations put in place after the 2008 housing crisis. However, interest rates are very low by historical standards.
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.
This document provides an overview of key considerations for buying a home. It discusses reasons to buy now such as rising home prices and projected increases in mortgage interest rates. It also covers topics like the importance of hiring a real estate professional, actual down payment and credit requirements to qualify for a mortgage, and how even small increases in interest rates can significantly impact monthly mortgage payments. The overall message is that it may make financial sense for prospective home buyers to purchase now rather than waiting.
This document provides an overview of various topics related to buying a home. It includes articles on why buying a home now makes financial sense due to projected increases in home prices and mortgage interest rates. Other topics discussed include the importance of hiring a real estate professional to assist with negotiations and navigate the buying process. Additional pieces provide data on recent home price appreciation nationally and by state, compare the costs of renting vs buying, and examine projected mortgage interest rate trends. The document aims to inform potential homebuyers and emphasize the financial benefits of purchasing now versus waiting.
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.
The document provides an overview of various topics related to buying a home. It discusses reasons to buy a home now such as rising home prices and increasing mortgage interest rates. It also covers topics like how much paperwork is involved in getting a mortgage due to government regulations, and common misconceptions around down payments and credit scores needed to qualify for a mortgage. The document contains advice about hiring a real estate professional to help navigate the home buying process and negotiate a good deal. It includes surveys and data on home price forecasts, projected mortgage rates, down payments, and credit scores of home buyers.
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 document provides an overview of various topics related to buying a home, including:
- Home prices are projected to rise 3.4% annually over the next 5 years according to housing experts. Waiting to buy risks paying more.
- Mortgage interest rates are also expected to increase in the coming year, increasing monthly costs. Buying sooner allows locking in current rates.
- Professional assistance is recommended when buying a home to navigate the process and negotiate the best deal. Both the home buying process and mortgage qualifications involve significant paperwork requirements imposed after the 2008 housing crash to reduce risk.
This document provides an overview of various topics related to buying a home, including:
- Home prices are projected to rise 3.4% annually over the next 5 years according to housing experts. Waiting to buy risks paying more.
- Mortgage interest rates are also expected to increase in the coming year, increasing monthly costs. It may be better to buy now before rates rise further.
- The mortgage application process requires extensive paperwork to thoroughly verify buyers' finances due to regulations put in place after the 2008 housing crisis. However, interest rates are very low by historical standards.
The document provides information to help buyers consider factors when purchasing a home, including reasons to buy now such as projected rising interest rates and home prices, the importance of hiring a real estate professional to negotiate and guide through the process, common misconceptions about down payments and credit scores needed to qualify for a mortgage, and non-financial emotional reasons why Americans purchase homes.
This document provides an overview of various topics related to buying a home. It includes articles on why home prices are projected to continue rising in the next few years, how interest rate increases will impact mortgage payments, and the financial benefits of homeownership according to Harvard research. Reasons to hire a real estate professional when buying a home and surveys of renters' views on homeownership are also summarized. The document aims to inform potential homebuyers as they consider the housing market and their options.
The document provides an overview of various factors to consider when buying a home. It discusses how home prices and mortgage interest rates are projected to rise in the coming years. This would mean higher costs for homebuyers who wait. The document emphasizes that as prices rise, it may be better to buy a home now rather than waiting. Several articles examine projections for home price growth, rising mortgage rates, and the potential financial benefits of purchasing a home.
This document provides information and advice for homeowners considering selling their home. It discusses reasons why selling now makes sense due to strong buyer demand and limited housing supply. It also outlines tips for maximizing the sale price such as pricing the home slightly below market value and using a real estate agent who can help negotiate the best deal and properly market the home. Additional articles discuss factors like rising mortgage rates, home price appreciation trends in different areas of the country, and common mistakes made by homeowners who attempt to sell their home without an agent. The overall message is that hiring a knowledgeable real estate professional can help sellers navigate today's competitive housing market and get the best terms.
This document provides information for homeowners considering buying a home. It discusses reasons to buy a home now such as projected price increases and rising mortgage interest rates. It emphasizes the importance of hiring a real estate professional to guide buyers and negotiate on their behalf. The document also outlines projections for home price increases nationally and by state over the next year, and expected increases in mortgage interest rates. It notes how even small rate increases can significantly affect monthly mortgage payments. Overall, the document advises that buyers consider long-term housing costs rather than just price when deciding whether to purchase now versus waiting.
This document provides information and advice for home buyers. It discusses reasons to buy a home now rather than waiting, including that home prices and mortgage interest rates are projected to rise. It emphasizes the importance of considering the total cost of home ownership rather than just the price. Other articles discuss hiring a real estate professional to help navigate the buying process, how various factors may impact home values, and financial benefits of home ownership according to Harvard research. The document aims to help potential home buyers understand current housing market trends and factors to consider when purchasing a home.
This document provides information for home buyers on various topics related to the home buying process. It discusses reasons to buy a home now rather than waiting, including that home prices and mortgage interest rates are projected to rise. It emphasizes the importance of hiring a real estate professional to guide buyers, negotiate on their behalf, and help understand market conditions. Several articles discuss surveys and analyses showing that homeownership builds wealth and is a sound financial investment over the long term. Overall, the document aims to educate potential home buyers on current housing market trends and the benefits of purchasing a home.
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.
This document provides information on various topics related to buying a home, including:
- Reasons to buy a home now such as projected price increases and rising mortgage interest rates.
- The importance of hiring a real estate professional to guide buyers through the process and negotiate on their behalf.
- Analyses of home price trends nationally and by state over the last year, as well as projections that home prices will appreciate an average of 3.6% annually over the next 5 years.
- Explanations for the extensive paperwork required for mortgage loans today compared to the past in order to prevent foreclosures.
- Financial analyses of how even small increases in interest rates or home prices impact monthly mortgage
Debbie Railey's Home Buyers Guide 2015 Summerexcell4him
This document provides information for homeowners considering buying a home. It discusses reasons to buy a home now such as projected increases in home prices and mortgage interest rates. It also covers topics like the costs of owning versus renting, working with a real estate professional, and mortgage paperwork. Overall, the document advocates that now is a good time for interested buyers to purchase a home rather than waiting.
This document provides information on various topics related to buying a home. It includes articles on reasons to buy a home now rather than wait, the importance of hiring a professional real estate agent, projected increases in home prices and mortgage interest rates over the next few years, and the financial benefits of homeownership compared to renting. The document is aimed at educating potential homebuyers on current housing market conditions and factors to consider when purchasing a property.
This document provides information for home buyers on various topics related to buying a home. It discusses reasons to buy a home now such as projected increases in home prices and mortgage interest rates. It emphasizes the importance of hiring a real estate professional to negotiate the best deal and avoid potential pitfalls. It also examines projections that home prices will appreciate 3.6% annually over the next five years and mortgage interest rates are expected to rise slightly over the coming year. The document advises buyers to consider the long-term costs of homeownership rather than just the initial price.
This document provides an overview of factors to consider when buying a home. It discusses how home prices are projected to rise significantly over the next 5 years according to surveys of economists. It also notes that mortgage interest rates are expected to increase by around 0.75% over the next year, which would increase monthly payments. The document therefore recommends buying now rather than waiting, to secure a lower price and interest rate before these anticipated changes occur.
Things to Consider When Buying a Home - Summer 2015Tom Blefko
This document provides an overview of factors to consider when buying a home. It discusses how home prices are projected to rise significantly over the next 5 years according to surveys of economists. It also notes that mortgage interest rates are expected to increase by around 0.75% over the next year, which would increase monthly payments. The document therefore recommends buying now rather than waiting, to secure a lower price and interest rate before these anticipated changes occur.
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.
This document provides information for home buyers on things to consider when buying a home. It includes articles on reasons to buy a home now rather than wait, how rising rents can trap renters, and how interest rates and home prices are projected to change over the next year. It emphasizes the importance of working with a real estate professional given the complexities of today's housing market. The document also addresses common misconceptions about what is actually required to qualify for a mortgage.
This document provides information about buying a home, including:
- 4 reasons to buy a home this fall, such as prices continuing to rise and interest rates projected to increase.
- How rising rents can trap renters and make buying a home more affordable long-term.
- How to consider the long-term cost of a home rather than just the price when buying.
- Recent data on home price appreciation nationally and by state over the last year.
- Why using a real estate professional is important when buying a home.
This document provides an overview of key considerations for buying a home. It includes articles on reasons to buy now such as projected increases in home prices and mortgage interest rates. Other sections discuss the importance of using a real estate professional, understanding total home ownership costs beyond just price, and what to expect regarding paperwork for the mortgage process. The goal is to help buyers make informed decisions when purchasing a home.
This document provides an overview of key considerations for buying a home. It includes articles on reasons to buy now such as projected increases in home prices and mortgage interest rates. Other sections discuss the importance of using a real estate professional, understanding total home ownership costs beyond just price, and what to expect regarding paperwork for the mortgage process. The goal is to help buyers make informed decisions when purchasing a home.
This document outlines an assignment for an architecture course on environmental sustainable design. Students must work in groups to produce a short environmental film between 90 seconds and 2 minutes long addressing an environmental issue. The film should raise awareness, identify a problem, and propose a solution. Topics may include waste, water conservation, climate change, pollution, or deforestation. Students will be evaluated based on creativity, strength of the environmental message, research, visual quality, and originality. They must submit their film and a proposal form by the deadline.
The document provides information to help buyers consider factors when purchasing a home, including reasons to buy now such as projected rising interest rates and home prices, the importance of hiring a real estate professional to negotiate and guide through the process, common misconceptions about down payments and credit scores needed to qualify for a mortgage, and non-financial emotional reasons why Americans purchase homes.
This document provides an overview of various topics related to buying a home. It includes articles on why home prices are projected to continue rising in the next few years, how interest rate increases will impact mortgage payments, and the financial benefits of homeownership according to Harvard research. Reasons to hire a real estate professional when buying a home and surveys of renters' views on homeownership are also summarized. The document aims to inform potential homebuyers as they consider the housing market and their options.
The document provides an overview of various factors to consider when buying a home. It discusses how home prices and mortgage interest rates are projected to rise in the coming years. This would mean higher costs for homebuyers who wait. The document emphasizes that as prices rise, it may be better to buy a home now rather than waiting. Several articles examine projections for home price growth, rising mortgage rates, and the potential financial benefits of purchasing a home.
This document provides information and advice for homeowners considering selling their home. It discusses reasons why selling now makes sense due to strong buyer demand and limited housing supply. It also outlines tips for maximizing the sale price such as pricing the home slightly below market value and using a real estate agent who can help negotiate the best deal and properly market the home. Additional articles discuss factors like rising mortgage rates, home price appreciation trends in different areas of the country, and common mistakes made by homeowners who attempt to sell their home without an agent. The overall message is that hiring a knowledgeable real estate professional can help sellers navigate today's competitive housing market and get the best terms.
This document provides information for homeowners considering buying a home. It discusses reasons to buy a home now such as projected price increases and rising mortgage interest rates. It emphasizes the importance of hiring a real estate professional to guide buyers and negotiate on their behalf. The document also outlines projections for home price increases nationally and by state over the next year, and expected increases in mortgage interest rates. It notes how even small rate increases can significantly affect monthly mortgage payments. Overall, the document advises that buyers consider long-term housing costs rather than just price when deciding whether to purchase now versus waiting.
This document provides information and advice for home buyers. It discusses reasons to buy a home now rather than waiting, including that home prices and mortgage interest rates are projected to rise. It emphasizes the importance of considering the total cost of home ownership rather than just the price. Other articles discuss hiring a real estate professional to help navigate the buying process, how various factors may impact home values, and financial benefits of home ownership according to Harvard research. The document aims to help potential home buyers understand current housing market trends and factors to consider when purchasing a home.
This document provides information for home buyers on various topics related to the home buying process. It discusses reasons to buy a home now rather than waiting, including that home prices and mortgage interest rates are projected to rise. It emphasizes the importance of hiring a real estate professional to guide buyers, negotiate on their behalf, and help understand market conditions. Several articles discuss surveys and analyses showing that homeownership builds wealth and is a sound financial investment over the long term. Overall, the document aims to educate potential home buyers on current housing market trends and the benefits of purchasing a home.
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.
This document provides information on various topics related to buying a home, including:
- Reasons to buy a home now such as projected price increases and rising mortgage interest rates.
- The importance of hiring a real estate professional to guide buyers through the process and negotiate on their behalf.
- Analyses of home price trends nationally and by state over the last year, as well as projections that home prices will appreciate an average of 3.6% annually over the next 5 years.
- Explanations for the extensive paperwork required for mortgage loans today compared to the past in order to prevent foreclosures.
- Financial analyses of how even small increases in interest rates or home prices impact monthly mortgage
Debbie Railey's Home Buyers Guide 2015 Summerexcell4him
This document provides information for homeowners considering buying a home. It discusses reasons to buy a home now such as projected increases in home prices and mortgage interest rates. It also covers topics like the costs of owning versus renting, working with a real estate professional, and mortgage paperwork. Overall, the document advocates that now is a good time for interested buyers to purchase a home rather than waiting.
This document provides information on various topics related to buying a home. It includes articles on reasons to buy a home now rather than wait, the importance of hiring a professional real estate agent, projected increases in home prices and mortgage interest rates over the next few years, and the financial benefits of homeownership compared to renting. The document is aimed at educating potential homebuyers on current housing market conditions and factors to consider when purchasing a property.
This document provides information for home buyers on various topics related to buying a home. It discusses reasons to buy a home now such as projected increases in home prices and mortgage interest rates. It emphasizes the importance of hiring a real estate professional to negotiate the best deal and avoid potential pitfalls. It also examines projections that home prices will appreciate 3.6% annually over the next five years and mortgage interest rates are expected to rise slightly over the coming year. The document advises buyers to consider the long-term costs of homeownership rather than just the initial price.
This document provides an overview of factors to consider when buying a home. It discusses how home prices are projected to rise significantly over the next 5 years according to surveys of economists. It also notes that mortgage interest rates are expected to increase by around 0.75% over the next year, which would increase monthly payments. The document therefore recommends buying now rather than waiting, to secure a lower price and interest rate before these anticipated changes occur.
Things to Consider When Buying a Home - Summer 2015Tom Blefko
This document provides an overview of factors to consider when buying a home. It discusses how home prices are projected to rise significantly over the next 5 years according to surveys of economists. It also notes that mortgage interest rates are expected to increase by around 0.75% over the next year, which would increase monthly payments. The document therefore recommends buying now rather than waiting, to secure a lower price and interest rate before these anticipated changes occur.
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.
This document provides information for home buyers on things to consider when buying a home. It includes articles on reasons to buy a home now rather than wait, how rising rents can trap renters, and how interest rates and home prices are projected to change over the next year. It emphasizes the importance of working with a real estate professional given the complexities of today's housing market. The document also addresses common misconceptions about what is actually required to qualify for a mortgage.
This document provides information about buying a home, including:
- 4 reasons to buy a home this fall, such as prices continuing to rise and interest rates projected to increase.
- How rising rents can trap renters and make buying a home more affordable long-term.
- How to consider the long-term cost of a home rather than just the price when buying.
- Recent data on home price appreciation nationally and by state over the last year.
- Why using a real estate professional is important when buying a home.
This document provides an overview of key considerations for buying a home. It includes articles on reasons to buy now such as projected increases in home prices and mortgage interest rates. Other sections discuss the importance of using a real estate professional, understanding total home ownership costs beyond just price, and what to expect regarding paperwork for the mortgage process. The goal is to help buyers make informed decisions when purchasing a home.
This document provides an overview of key considerations for buying a home. It includes articles on reasons to buy now such as projected increases in home prices and mortgage interest rates. Other sections discuss the importance of using a real estate professional, understanding total home ownership costs beyond just price, and what to expect regarding paperwork for the mortgage process. The goal is to help buyers make informed decisions when purchasing a home.
This document outlines an assignment for an architecture course on environmental sustainable design. Students must work in groups to produce a short environmental film between 90 seconds and 2 minutes long addressing an environmental issue. The film should raise awareness, identify a problem, and propose a solution. Topics may include waste, water conservation, climate change, pollution, or deforestation. Students will be evaluated based on creativity, strength of the environmental message, research, visual quality, and originality. They must submit their film and a proposal form by the deadline.
The document provides identification information for an individual named Chester Lech with the designation L-22. It appears to list personal details such as a name and identification code, but no other contextual information is given.
This document discusses performance management systems, specifically 360-degree feedback. It provides information on:
1) What 360-degree feedback is - feedback that comes from subordinates, peers, supervisors, and sometimes external stakeholders. It aims to provide a comprehensive view of an employee's performance.
2) How 360-degree feedback is used - results are used by employees to develop, and sometimes by organizations to make administrative decisions like pay and promotions.
3) The stakeholders involved in 360-degree assessments - peers, managers, subordinates, customers, suppliers who provide feedback on an employee's on-the-job performance.
The document outlines the steps and flow of a school building project through the Massachusetts School Building Authority (MSBA) process. It begins with a school submitting a Statement of Interest to identify the problem and potential solution. It then progresses through concept planning, study phases, funding approval, design development, and bidding. Key entities involved at each step include the eligible applicant, school building committee, superintendent, study architect, and MSBA. Diagrams and descriptions provide details on documents, approvals, and responsibilities required to move a project from one phase to the next.
This document contains the resume of Ali Raza Shoukat Ali from Ajman, UAE. It summarizes his work experience in transportation, travel, and tourism companies in UAE over the past 8 years. It also lists his education qualifications and skills including proficiency in office software, programming languages, and customer service. His most recent role is as Accounts Coordinator and Administration Assistant at Falcon Transportation LLC in Ajman, where he coordinates accounts and assists with staff expenses, bills, and travel arrangements.
Will Claxton is a 17-year-old white British male from Leeds, England who is currently studying A-Levels in media, business, and history. He works part-time at Nike and spends his £2,800 annual income on clothing, CDs, food, and going to parties with his girlfriend. In his free time, he enjoys playing guitar, visiting museums and art galleries, blogging online, and has attended music festivals like Leeds and seen bands like Arctic Monkeys and The 1975. He typically shops at stores like Urban Outfitters and Topman or online at Asos.com.
The document provides an overview of the political system and recent political history of Germany. It describes Germany's system of government as a federal parliamentary republic with an elected Chancellor as head of government and ceremonial President as head of state. It outlines the major political parties, branches of government, and some key coalition governments in recent decades, including the Red Green coalition of 1998-2005, the Grand Coalition of 2005-2009, and the current CDU-CSU-FDP coalition led by Chancellor Angela Merkel since 2009.
The document provides an overview of various factors to consider when buying a home. It discusses how home prices and mortgage interest rates are projected to rise in the coming years. This would mean higher costs for homebuyers who wait. The document also emphasizes the importance of hiring a real estate professional to help navigate the home buying process and negotiate on your behalf. Several articles examine current mortgage rates and home price data. Overall, the document suggests that from a financial perspective, now may be a good time for potential homebuyers to purchase rather than waiting.
Things to Consider When Buying a Home - Fall 2015Tom Blefko
This document provides an overview of key considerations for buying a home. It includes articles on reasons to buy now such as projected increases in home prices and mortgage interest rates. Other articles discuss why using a real estate professional is important, the costs of renting vs buying, and common misconceptions about qualifying for a mortgage. The document aims to inform potential homebuyers about current housing market conditions and factors to weigh when deciding whether to purchase.
This document discusses factors to consider when buying a home, including:
- 4 reasons to buy a home this fall: home prices will continue rising, mortgage interest rates are projected to increase, owning a home means paying your own mortgage principal rather than a landlord's, and it's time to move on with your life.
- Getting pre-approved for a mortgage before home shopping shows sellers you're serious and can help speed up the process.
- Common misconceptions around down payments and credit scores needed to qualify for a mortgage. In many areas, a 3% down payment is possible in under 2 years of saving.
- The mortgage process involves paperwork to thoroughly verify a buyer's income, assets
This document provides information for potential home buyers on various topics related to the home buying process. It discusses 4 reasons to buy a home in the spring, including that home prices and mortgage interest rates are projected to rise. It emphasizes the importance of using a real estate professional when buying a home. Additional sections cover trends in home prices over the last year, comparing the cost of buying versus renting, and the financial benefits of homeownership according to Harvard research. The document also addresses common misconceptions around home mortgage qualification criteria.
Thinking about buying a home in San Diego? Here is a great guide to help you. The process of buying a home a home can be overwhelming at times, but you don't need to go through it alone.
Things to Consider When Buying a Home - Summer 2015Ellie George
This document provides an overview of key considerations for buying a home. It includes articles on reasons to buy now such as projected increases in home prices and mortgage interest rates. Other articles discuss the benefits of hiring a real estate professional, comparing the costs of renting vs buying, and perspectives on homeownership from renters and Harvard research. Throughout the document, it emphasizes the financial advantages of owning a home and encourages readers to meet with an agent if ready to purchase.
This document provides information for potential home buyers on factors to consider when purchasing a home. It includes articles on the benefits of buying in the spring market, the importance of using a real estate professional, recent home price increases, and how rising interest rates and rents make purchasing a home more appealing. The document aims to show readers that owning a home provides long-term financial benefits and stability compared to renting. It encourages those interested in homeownership to consult with an agent to determine if buying is the right choice.
This document discusses four reasons to consider buying a home now rather than waiting:
1. Home prices are projected to continue rising significantly over the next five years according to surveys of economists.
2. Mortgage interest rates are expected to increase over the next year, increasing monthly housing costs.
3. Homeowners pay down both principal and interest on their mortgage while renters only pay the landlord's costs.
4. Personal reasons for wanting to buy a home, like having a place for children to grow up, should be considered rather than just financial factors which may suggest waiting.
This document provides an overview of reasons to consider buying a home now rather than waiting. It begins by outlining projections that home prices will continue to rise 15.1-32.8% over the next 5 years and that mortgage interest rates will increase by around 1% in the next year. It then notes that whether renting or owning, households must pay housing costs, and owning allows building equity over time. Finally, it suggests considering non-financial factors like wanting the right home for one's family as reasons not to wait to buy.
This document provides information for potential home buyers on factors to consider when buying a home. It discusses how home prices and mortgage interest rates are projected to rise in the coming years, making current conditions favorable for buying. It also notes that homeowners pay down their own principal over time rather than a landlord's. The document emphasizes the importance of using a real estate professional to negotiate the best deal and avoid risks when purchasing a home. Rising rents are also discussed as a factor that can trap renters and make homeownership a relatively cheaper option in many markets.
This document provides an overview of key considerations for buying a home, including:
- Prices are projected to continue rising over the next 5 years, so buying now makes financial sense. Mortgage rates are also expected to increase.
- It's important to work with a real estate professional given the complexities of the housing market and to have help negotiating the best deal.
- Rents are rising substantially faster than inflation in many areas, so buying can protect against being trapped paying high and ever-increasing rents.
- There are strong emotional and financial reasons why homeownership is an important part of the American dream and builds long-term family wealth.
- The mortgage application process is rigorous but
This document provides information for potential home buyers on various topics related to the home buying process. It discusses reasons to buy a home in the summer, including that home prices are projected to continue rising in the next year. It emphasizes the importance of using a real estate professional when buying a home given the complex negotiations. It also notes that rents have been rising faster than home prices in many areas, so buying can be a way to avoid getting trapped paying high rents. Overall, the document aims to educate home buyers on current housing market trends and factors to consider when purchasing a home.
1) Home sales in the Charlotte region reached record levels in 2021 with close to 60,000 homes sold, an 8% increase from 2020 which was also a strong year.
2) Several factors contributed to high sales activity over the past two years including low mortgage rates, pandemic impacts, and lifestyle changes enabling remote work.
3) New home listings increased 5% in 2021 compared to 2020, which could provide more inventory and relief for buyers, though demand remains high.
4) Overall the Charlotte housing market remains very competitive with homes selling quickly and prices continuing an upward trend due to inadequate supply.
Charlotte Region Weekly Market Activity ReportScott Browder
A newly released report from the U.S. Census Bureau shows in Q4 2019 the
national homeownership rate rose to 65.1%. This is the highest level since Q3
2013 when the homeownership rate was 65.3%. For perspective, the national
homeownership rate since 2000 peaked at 69.1% in Q1 2005 and was at its
lowest at 62.9% in Q2 2016. The increase in the homeownership rate since Q2
2016 represents nearly 2.7 million additional owner-occupied homes.
Charlotte region weekly market activity reportScott Browder
Recent mortgage rate declines may provide a small tailwind as we enter the fall
housing market, giving buyers a bit more buying power and a little more
incentive to lock in a home purchase. However, stock market volatility and
concern of a wider economic slowdown in the coming year may temper some
buyer enthusiasm. But as rents continue to rise, the value proposition of owning
a home remains a compelling option and a goal of most Americans.
In the Charlotte region, for the week ending August 31:
• New Listings decreased 8.4% to 1,089
• Pending Sales increased 19.5% to 1,169
• Inventory decreased 14.6% to 9,772
For the month of August:
• Median Sales Price increased 5.1% to $257,560
• List to Close remained flat at 87
• Percent of Original List Price Received decreased 0.1% to 96.9%
• Months Supply of Homes for Sale decreased 17.9% to 2.3
Scott Browder 2018 Real Estate Year in Review - Wilkinson ERA Real EstateScott Browder
2018 Charlotte market can be summed up in one word - inventory!With a shortage of housing inventory, demand for housing drove sales prices upwards,holding the Days on Market
statistics steady on 2017 results,as more buyers flooded the market than there were homes for. For the first
time in years,Sales Volume has continued to rise while the number of sold homes have dipped slightly.
Looking specifically at Charlotte, 2018 residential home sales were stronger in sales volume,however the
number of Closed Sales were down by 5.78% on 2017 figures.The Median Sales Price for a single-family home
or condo in Charlotte last year was $240,000,a notable increase of 6.19%. Average Price Per Square Foot has risen 5.83%
Real Estate Weekly Market Activity ReportScott Browder
In the Charlotte region, for the week ending February 16:
• New Listings decreased 1.2% to 1,124
• Pending Sales increased 15.3% to 1,129
• Inventory decreased 0.3% to 9,064
For the month of January:
• Median Sales Price increased 5.6% to $227,000
• List to Close increased 1.0% to 106
• Percent of Original List Price Received decreased 0.5% to 95.5%
• Months Supply of Homes for Sale increased 4.5% to 2.3
Charlotte, North Carolina Real Estate Update AugustScott Browder
The U.S. housing market is becoming a tale of regions. Consumers in highpriced
markets in the West are pushing back with fewer showings and sales. The
Midwest is marked mostly by stability of new listings and sales with gently
improving inventory. Many Northeast markets have routinely struggled to keep
pace with the overall U.S. economic recovery. And the South is enjoying more
showings and sales than the rest of the nation. Here's what's happening in the
local market.
Home staging will help you sell your home faster. And at the highest price possible. The statistics confirm it. Here’s how much you can expect to increase the value of your home, by home improvement category.
The South End Vision Plan focuses on the area within Center City Partner’s Municipal Service District boundary and was created by compiling extensive input from South End neighborhood leaders, business owners, residents and other stakeholders. It envisions a South End that continues to be on Charlotte’s leading edge of urban livability, technology and sustainability.
The Plan includes a refreshed vision statement, along with goals and implementation strategies to achieve that vision, including amendments to two existing area plans (South End Station Area Plan and New Bern Station Area Plan). The Plan also incorporates the recommendations from detailed corridor studies for South Tryon Street and South Blvd. within the plan area.
Our Real Estate Value in the Charlotte MarketScott Browder
Our Real Estate Value - Charlotte Metropolitan Area
ERA Real Estate is for independently minded real
estate entrepreneurs who are fiercely determined
to grow their businesses.
Our broker-first, uniquely collaborative approach
empowers brokers to build business their way
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and shared expertise.
Charlotte Region Weekly Real Estate Market Activity ReportScott Browder
Residential real estate activity is in full swing across America. Some trends are persisting as they have week after week, month after month and now year after year. But some metrics are teasing a deviation from the norm. There may not be
as many homes for sale as there were last year at this time, and home price increases are still more likely than not, but there is a chance that we could see more positive changes in either sales or new listings as the summer months progress.
In the Charlotte region, for the week ending May 26:
• New Listings increased 6.4% to 1,369
• Pending Sales increased 28.3% to 1,297
• Inventory decreased 16.9% to 9,389
For the month of April:
• Median Sales Price increased 7.4% to $240,000
• List to Close decreased 4.0% to 95
• Percent of Original List Price Received increased 0.1% to 97.3%
• Months Supply of Homes for Sale decreased 19.7% to 2.2
Charlotte region -monthly indicators - feb 2018Scott Browder
The Charlotte region housing market report for February 2018 showed:
- Closed sales were up 3.4% year-over-year while median sales price rose 12.9% and inventory fell 16.4%.
- Pending sales increased 8.3% and inventory dropped further to 8,035 homes.
- Months supply of homes fell 23.1% to 2.0 months indicating strong buyer demand relative to limited supply.
- Mortgage rates rose to their highest since 2014, reducing affordability, though higher prices reflect strong demand.
The document contains real estate data and statistics for homes priced between $849,000 to $1,474,999 with at least 3,001 square feet in Longview, Waxhaw, NC from January 2014 to January 2017. The data includes information on new listings, homes for sale, pending sales, closed sales, average days on market, average list to close days, months supply of homes for sale, average sales price, average price per square foot, and average percentage of original price. The data is from the CarolinaMLS and is provided by Scott Browder of Wilkinson ERA Real Estate.
Eastover Neighborhood Real Estate UpdateScott Browder
This document contains real estate data and charts for Eastover, Charlotte, NC homes over 3,001 square feet from January 2014 to January 2017. It includes information on new listings, homes for sale, pending sales, closed sales, average days on market, average list to close days, months supply of homes for sale, average sales price, average price per square foot, and average percentage of original price received. The data is from the CarolinaMLS and is provided by Scott Browder of Wilkinson ERA Real Estate.
- Housing market indicators in the Charlotte region generally improved in September 2017 compared to September 2016, with new listings, pending sales, and median sales price increasing while months supply of homes and inventory decreased.
- Key metrics such as new listings were up 3.3%, pending sales increased 16.4%, median sales price rose 9.2%, and months supply of homes fell 24.2%. Inventory dropped 17.5%.
- The document analyzed housing market data for the Charlotte region in September 2017 and year-to-date 2017, finding mostly positive trends compared to the same periods in 2016.
The document contains real estate data for Madison Park, Charlotte, NC from January 2013 to January 2016, including metrics like new listings, homes for sale, pending sales, closed sales, average days on market, average sales price, and showings per listing. The data is provided by the Charlotte Regional Realtor Association and ShowingTime.
The document contains real estate data for Madison Park, Charlotte, NC from January 2013 to January 2016, including metrics like new listings, homes for sale, pending sales, closed sales, average days on market, average sales price, and showings per listing. The data is provided by the Charlotte Regional Realtor Association and ShowingTime.
The document provides real estate data for the Foxcroft East neighborhood of Charlotte, NC from January 2013 to January 2016. It includes charts showing trends in new listings, homes for sale, pending sales, closed sales, average days on market, average list to close days, months supply of homes for sale, average sales price, average price per square foot, average percentage of original price, average showings to pending, and average showings per listing. The data is from the CarolinaMLS and is provided by Scott Browder of Wilkinson ERA Real Estate.
The document contains real estate data charts for Oakhurst, Charlotte, NC from 2013 to 2016 including new listings, homes for sale, pending sales, closed sales, average days on market, average list to close days, months supply of homes for sale, average sales price, average price per square foot, and average percentage of original price received. The data is from the CarolinaMLS for each year and is provided by Scott Browder of Wilkinson ERA Real Estate.
The document contains real estate data for the Touchstone neighborhood in Charlotte, NC from 2013 to 2016. It includes trends for average sales price, average price per square foot, new listings, homes for sale, pending sales, closed sales, average days on market, average list to close days, and average percentage of original price received. The data is provided by Scott Browder of Wilkinson ERA Real Estate from the CarolinaMLS database.
At Geomatrix, we Pride Ourselves on our Commitment to Superior Craftsmanship and client satisfaction. Our team Consists of Highly Qualified specialists including Architects, Engineers, project Managers, and skilled labourers who work seamlessly together to achieve ourclients' Objectives. Geomatrix is recognized as the Best Construction Company in Haldwani, Dedicated to bringing visions to life with unparalleled Expertise and Professionalism.
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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/
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyListing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
One of the things that sets Avrupa Konutlari Esentepe apart from other developments is our focus on creating a community that is both comfortable and convenient. Our homes are surrounded by lush green spaces, perfect for enjoying a peaceful stroll or having a picnic with friends and family. Additionally, our complex includes a variety of social and recreational amenities, such as swimming pools, sports fields, and playgrounds, making it easy for residents to stay active and socialize with their neighbors.
https://listingturkey.com/property/avrupa-konutlari-esentepe/
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
If you're Planning to Build a House in Haldwani, Understanding the House Construction Cost in Haldwani is crucial. It's important to grasp the direct and indirect cost factors entailed in the Construction process before Initiating any work. This Understanding is pivotal for Efficient Budget allocation, allowing you to plan your finances more Effectively. Construction expenses can vary Significantly, Influenced by Diverse Elements such as site Location, raw material prices, Labour charges, and various other variables. Here at Geomatrix, we pride Ourselves on offering competitive rates for house construction in Haldwani, ensuring affordability without Compromising on quality and providing the best options within your budget. For a precise evaluation of the cost involved in constructing your dream home, consult our team of architects and construction experts.
For more information visit:
https://geomatrix.co.in/services/real-estate-project-management-in-haldwani/
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
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/
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.
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...knox groups real estate
welcome to knox groups real estate company in Bangalore. best farm land for sale near Bangalore and madhugiri . Managed farmland near Kanakapura and Chickkabalapur get know more details about the projects .Knox groups is a leading real estate company dedicated to helping individuals and businesses navigate the dynamic real estate market. With our extensive knowledge, experience, and commitment to excellence, we deliver exceptional results for our clients. Discover the perfect foundation for your agricultural aspirations with KNOX Groups' prime farm lands. These aren't just plots; they're the fertile grounds where vibrant crops flourish, livestock thrives, and unique agricultural ventures come to life. At KNOX, we go beyond selling land we curate sustainable ecosystems, ensuring that your journey toward agricultural success is seamless and prosperous.
2. TABLE OF CONTENTS
4 REASONS TO BUY A HOME NOW!1
YOU NEED A PROFESSIONAL WHEN BUYING A HOME3
REAL ESTATE AGAIN SEEN AS BEST INVESTMENT15
BUYING A HOME? CONSIDER COST NOT JUST PRICE5
WHERE ARE MORTGAGE INTEREST RATES HEADED?6
WHAT YOU NEED TO KNOW ABOUT THE MORTGAGE PROCESS9
RISING HOME PRICES & FAMILY WEALTH13
5 REASONS TO HIRE A REAL ESTATE PROFESSIONAL14
4 DEMANDS TO MAKE ON YOUR REAL ESTATE AGENT16
HOME PRICES OVER THE LAST YEAR4
SHOULD I PAY A MORTGAGE INTEREST RATE OVER 4%?7
WHEN IS IT A GOOD TIME TO RENT? DEFINITELY NOT NOW!18
THE REAL REASONS AMERICANS BUY A HOME12
WHAT DO YOU REALLY NEED TO QUALIFY FOR A MORTGAGE?8
GETTING A MORTGAGE: WHY SO MUCH PAPERWORK?10
217,726 REASONS TO BUY A HOME NOW11
THE COST OF RENTING VS. BUYING [INFOGRAPHIC]19
HARVARD: 5 FINANCIAL REASONS TO BUY A HOME20
3. KEEPINGCURRENTMATTERS.COM 1
4 REASONS TO BUY YOUR HOME NOW!
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 6.4% over the
last 12 months. The same report predicts that prices will continue to increase at a rate of 5.2%
over the next year. The Home Price Expectation Survey polls a distinguished panel of over 100
economists, investment strategists, and housing market analysts. Their most recent report
projects home values to appreciate by more than 3% a year for the next 5 years.
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 started to inch up, most experts predict that they will begin to rise even more 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 be up almost three-quarters of a
percentage point by this time next year.
An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be
more a year from now if a mortgage is necessary to purchase your next home.
4. 3. Either Way You are Paying a Mortgage
As a recent paper from the Joint Center for Housing Studies at Harvard University explains:
“Households must consume housing whether they own or rent. Not even accounting for more
favorable tax treatment of owning, homeowners pay debt service to pay down their own
principal while households that rent pay down the principal of a landlord plus a rate of
return. That’s yet another reason owning often does—as Americans intuit—end up making
more financial sense than renting.”
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 whether 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 it is 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.
KEEPINGCURRENTMATTERS.COM 2
5. YOU NEED A PROFESSIONAL
WHEN BUYING A HOME
Many people wonder whether they should
hire a real estate professional to assist
them in buying their dream home or if they
should first try to go it on their own. In
today’s market: you need an experienced
professional!
You Need an Expert Guide if You Are
Traveling a Dangerous Path
The field of real estate is loaded with land
mines. You need a true expert to guide you
through the dangerous pitfalls that
currently exist. Finding a home that is
priced appropriately and ready for you to
move into can be tricky. An agent listens to
your wants and needs, and can sift out the
homes that do not fit within the
parameters of your “dream home”.
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.
Realize that when an agent is negotiating their commission with you, they are negotiating
their own salary; the salary that keeps a roof over their family’s head; the salary that puts
food on their family’s table. If they are quick to take less when negotiating for themselves
and their families, what makes you think they will not act the same way when negotiating for
you and your family? If they were Clark Kent when negotiating with you, they will not turn
into Superman when negotiating with the buyer or seller in your deal.
Bottom Line
Famous sayings become famous because they are true. You get what you pay for. Just like a
good accountant or a good attorney, a good agent will save you money…not cost
you money.
KEEPINGCURRENTMATTERS.COM 3
6. KEEPINGCURRENTMATTERS.COM 4
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 different rates. 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
7. BUYING A HOME?
CONSIDER COST NOT JUST PRICE
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, you must be concerned not about price but
instead about the ‘long term cost’ of the home.
The Mortgage Bankers Association (MBA), the National Association of Realtors, Fannie Mae
and Freddie Mac all projected that mortgage interest rates will increase by almost a full
percentage point over the next twelve months. According to CoreLogic’s most recent Home
Price Index Report, home prices have appreciated 5.2% over the next 12 months.
What Does This Mean as a Buyer?
Here is a simple demonstration of what impact an interest rate increase would have on the
mortgage payment of a home selling for approximately $250,000 today if home prices
appreciate by the same 5.2% predicted by CoreLogic over the next twelve months:
KEEPINGCURRENTMATTERS.COM 5
Mortgage Interest Rate Payment (P&I)
Today $250,000 3.95% $1,186.34
Q4 2016 $263,000 4.6% $1,348.25
$161.91Difference in Monthly Payment
Monthly Annually Over 30 Years
$161.91 $1,942.92 $58,288
8. WHERE ARE MORTGAGE INTEREST
RATES HEADED?
The interest rate you pay on your home mortgage has a direct impact on your monthly
payment. The higher the rate, the greater the payment will be. That is why it is important to
look at where rates are headed when deciding to buy now or wait until next year.
Below is a chart created using Freddie Mac’s U.S. Economic & Housing Market Outlook.
KEEPINGCURRENTMATTERS.COM 6
As you can see, interest rates are projected to increase steadily over the course of the next year.
How Will This Impact Your Mortgage Payment?
Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in
interest rate can increase your monthly mortgage payment significantly.
Waiting to secure the home of your dreams may mean having to tighten the budget, or
sacrificing on luxuries that may be taken for granted today.
The experts predict that home prices will appreciate by 5.2% over the next 12 months. If both
predictions become reality, families would wind up paying considerably more for their home.
Bottom Line
Even a small increase in interest rates can impact your family’s wealth. Meet with a local real
estate professional to evaluate your ability to purchase your dream home.
9. SHOULD I PAY A MORTGAGE INTEREST RATE
OVER 4%?
Mortgage interest rates, as reported by Freddie Mac, have increased over the last several
weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the
National Association of Realtors are all calling for mortgage rates to continue to rise over the
next four quarters.
This has caused some purchasers to lament the fact they may no longer be able to get a rate
less than 4%. However, we must realize that current rates are still at historic lows.
Here is a chart showing the average mortgage interest rate over the last several decades.
KEEPINGCURRENTMATTERS.COM 7
Bottom Line
Though you may have missed getting the lowest mortgage rate ever offered, 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.
10. 1. Down Payment
The survey revealed that consumers
overestimate the down payment funds
needed to qualify for a home loan. According
to the report, 36% think a 20% down
payment is always required. In actuality,
there are many loans written with a down
payment of 5% or less.
On the right are the results of a Digital Risk
survey done on Millennials who recently
purchased a home.
2. FICO Scores
The Ipsos survey also reported that two-
thirds of the respondents believe they need
a very good credit score to buy a home, with
45 percent thinking a “good credit score” is
over 780. In actuality, the average FICO
scores of approved conventional and FHA
mortgages are much lower.
On the right are the numbers from a recent
Ellie Mae report.
KEEPINGCURRENTMATTERS.COM 8
WHAT DO YOU REALLY NEED TO QUALIFY
FOR A MORTGAGE?
Bottom Line
If you are a prospective purchaser who is ‘ready’ and ‘willing’ to buy but not sure if you are
also ‘able,’ sit down with someone who can help you understand your true options.
A recent survey by Ipsos found that the American public is still somewhat confused about
what is actually necessary to qualify for a home mortgage loan in today’s housing market.
The study pointed out two major misconceptions that we want to address today.
12. KEEPINGCURRENTMATTERS.COM 10
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 in the situation.
The housing crash that mandated that banks be extremely strict on paperwork requirements also
allowed you to get a mortgage interest rate probably 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 1990’s and 6.29% in the 2000’s).
If you went to the bank and offered to pay 7% instead of approximately 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.
Why is there so much paperwork mandated by
the bank for a mortgage loan application
when buying a home today? It seems that the
bank needs to know everything about us and
requires 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.
13. KEEPINGCURRENTMATTERS.COM 11
217,726 REASONS TO BUY A HOME NOW
The inaugural Opportunity Cost Report was released recently by realtor.com, they explained
that “with interest rates and home prices expected to climb in the next year, the financial
penalties of delaying or forgoing a home purchase in today’s market have become very steep”.
The report estimates that, based on today’s dollars, the average purchaser would accumulate
$217,726 in increased wealth over a 30-year period.
What could this mean to someone sitting on the fence waiting to buy?
Experts believe that both home prices
and mortgage interest rates will
increase over the next twelve months.
Obviously, if this does happen, the
monthly cost of a home a year from
now will be dramatically higher than it
is today.
The Opportunity Cost Report breaks
down exactly how much a purchaser
could lose over increments of one year
and three years.
The results based on an average
purchaser in the U.S. delaying their
purchase are on the right.
Bottom Line
If you are ready, willing and able to buy a home, waiting doesn’t make sense.
14. THE REAL REASONS AMERICANS BUY A HOME
We often talk about the financial reasons why buying a home makes sense. But often, the
emotional reasons are the more powerful, or compelling reasons. The Joint Center for Housing
Studies at Harvard University performs a study every year surveying participants for the reasons
that Americans feel are most important in regards to homeownership.
The top 4 reasons to own a home cited by respondents were not financial.
1. It means having a good place to raise children & provide them with a good education
From the best neighborhoods to the best school districts, even those without children at the
time of purchasing their home may have this in the back of their mind as a major reason for
choosing the location of the home that they purchase.
2. You have a physical structure where you & your family feel safe
It is no surprise that having a place to call home with all that means in comfort and security is
the #2 reason.
3. It allows you to have more space for your family
Whether your family is expanding, or an older family member is moving in, having a home that
fits your needs is a close third on the list.
4. It gives you control over what you do with your living space, like renovations and updates
Looking to actually try one of those complicated wall treatments that you saw on Pinterest?
Want to finally adopt that puppy or kitten you’ve seen online 100 times? Who’s to say that you
can’t in your own home?
The 5th reason on the list, is the #1 financial reason to buy a home as seen by respondents:
5. Owning a home is a good way to build up wealth that can be passed along to my family
Either way, you are paying a mortgage. Why not lock in your housing expense now with an
investment that will build equity that you can borrow against in the future?
Bottom Line
Whether you are a first time homebuyer or a move-up buyer who wants to start a new chapter
in their life, now is a great time to reflect on the intangible factors that make a house a home.
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15. RISING HOME PRICES & FAMILY WEALTH
The National Association of Realtors (NAR) recently released a report revealing that the
growing wealth gap in this country has been impacted by the recent increases in real estate
values coupled with the drop in homeownership rates. The report discloses:
“Over 90 percent of metro areas have experienced declining homeownership rates at a time
when home values have risen and incomes have remained flat.”
Increasing home values in many regions of the country have helped homeowners build housing
wealth in recent years. However, the continued decline in homeownership means this
increase in wealth is shared by fewer people and likely leading to worsening inequality in the
U.S.
Below is a chart showing the aforementioned increasing gap between renters and homeowners
in regard to family wealth:
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Bottom Line
If the experts are correct and a homeowner will really have an average of 45x the net worth
of a renter by the end of the year, doesn’t it make sense to evaluate if a purchase could be
in your future?
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Reasons to Hire a
Real Estate Professional5
They help with all disclosures and paperwork
necessary in today’s heavily regulated environment.
Paperwork
They are well educated in and experienced with the
entire sales process.
Experience
They act as a “buffer” in negotiations with all parties
throughout the entire transaction.
Negotiations
They help understand today’s real estate values when
setting the price on a listing or on an offer to purchase.
Pricing
They simply and effectively explain today’s real estate
headlines and decipher what they mean to you.
Understanding of Current Market Conditions
17. We are almost back to ‘pre-housing crash’ home values. The inventories of distressed
properties (foreclosures & short sales) are shrinking dramatically. The economy is improving.
The job numbers are headed in the right direction.
The big question that still remains: Have Americans regained their confidence in real estate as
a worthy investment?
According to a survey conducted by Princeton Survey Research Associates, Americans have put
real estate back into first place as the best of all investments.
Here are the results of the survey:
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REAL ESTATE AGAIN SEEN AS BEST INVESTMENT
Bottom Line
Homeownership never lost its place as a key component of the American Dream for a host of
financial and non-financial reasons. It is good to see that it has regained the top spot as best
overall investment.
18. 4 DEMANDS TO MAKE ON YOUR
REAL ESTATE AGENT
Are you thinking of buying a home? Are you dreading having to walk through strangers’ houses?
Are you concerned about getting the paperwork correct? Hiring a professional real estate agent
can take away most of the challenges of buying. A great agent is always worth more than the
commission they charge just like a great doctor or great accountant.
You want to deal with one of the best agents in your marketplace. To do this, you must be able
to distinguish the average agent from the great one.
Here are the top 4 demands to make of your real estate agent when buying a home:
1. Tell the Truth About the Price
Too many agents just take your offer at any price and then try to ‘work’ both the seller and
you while negotiating later. Demand that the agent prove to you that they have a belief in the
price you are offering. Make them show you their plan to get both the seller - and the bank - to
accept that price. Every house in today’s market must be sold two times – first to you and then
to your bank.
The second sale may be more difficult than the first. The residential appraisal process has
gotten tougher. A recent survey showed that there was a challenge with the appraisal on 24%
of all residential real estate transactions. It has become more difficult to get the banks to
agree on the contract price. A red flag should be raised if your agent is not discussing this with
you at the time of the original offer.
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19. KEEPINGCURRENTMATTERS.COM 17
2. Understand the Timetable with which Your Family is Dealing
You will be moving your family into a new home. Whether the move revolves around the start
of a new school year or a new job, you will be trying to put the move to a plan.
This can be very emotionally draining. Demand from your agent an appreciation for the
timetables you are setting. Your agent cannot pick the exact date of your move, but they
should exert any influence they can to make it work.
3. Remove as Many of the Challenges as Possible
It is imperative that your agent knows how to handle the challenges that will arise. An
agent’s ability to negotiate is critical in this market.
Remember: If you have an agent who was weak negotiating with you on parts of the purchase
offer, don’t expect them to turn into a super hero when they are negotiating with the seller
for you and your family.
4. Find the Right HOUSE!
There is a reason you are putting yourself and your family through the process of moving.
You are moving on with your life in some way. The reason is important or you wouldn’t be
dealing with the headaches and challenges that come along with purchasing. Do not allow
your agent to forget these motivations. Constantly remind them that finding the right house
is why you hired them. Make sure that they don’t worry about your feelings more than they
worry about your family. If they discover something needs to be done to attain your goal (i.e.
rethinking price), insist they have the courage to inform you.
Good agents know how to deliver good news. Great agents know how to deliver tough
news. In today’s market, YOU NEED A GREAT AGENT!
20. People often ask whether or not now is a good time to buy a home. No one ever asks when a
good time to rent is. However, we want to make certain that everyone understands that today
is NOT a good time to rent.
The Census Bureau just released their second quarter median rent numbers. The graph below
shows median rent increases from 1988 until today.
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WHEN IS IT A GOOD TIME TO RENT?
DEFINITELY NOT NOW!
At the same time, a report by Axiometrics revealed:
“The national apartment market’s annual effective rent growth rate of 5.1% in June 2015
represented a 47-month high, and continued a streak of 5.0%-plus rent growth that is now
the longest in at least six years, according to apartment market research. The effective rent
growth in June 2014 was 3.7%, putting June 2015’s exceptional performance into perspective.
This is the highest rate since the 5.3% of July 2011. The metric has reached at least 5.0% for
five straight months, the longest such streak since Axiometrics started monthly reporting of
annual apartment data in April 2009.”
Where will rents be headed in the future?
Stephanie McCleskey, Axiometrics vice president of research, commented on the above report
in an article by Real Estate Economy Watch:
“Rent growth is just shy of the post-recession peak, and the June metrics reflect the
continued strength of the apartment market. The demand for apartments is still strong,
despite the record number of new units being delivered this year. Tight occupancy is why
landlords can push rents higher.”
Bottom Line
If you are ready, willing and of course able to buy, now may be the time.
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HARVARD: 5 FINANCIAL REASONS TO BUY A HOME
Eric Belsky is Managing Director of the Joint Center of Housing Studies at Harvard University. He
authored a paper on homeownership - The Dream Lives On: the Future of Homeownership in
America. In his paper, Belsky reveals five financial reasons people should consider buying a home.
Here are the five reasons, each followed by an excerpt from the study:
1.) Housing is typically the one leveraged investment available.
“Few households are interested in borrowing money to buy stocks and bonds and few lenders are
willing to lend them the money. As a result, homeownership allows households to amplify any
appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down
payment results in a leverage factor of five so that every percentage point rise in the value of
the home is a 5 percent return on their equity. With many buyers putting 10 percent or less
down, their leverage factor is 10 or more.”
2.) You’re paying for housing whether you own or rent.
“Homeowners pay debt service to pay down their own principal while households that rent pay
down the principal of a landlord.”
23. 3.) Owning is usually a form of “forced savings”.
“Since many people have trouble saving and have to make a housing payment one way or the
other, owning a home can overcome people’s tendency to defer savings to another day.”
4. There are substantial tax benefits to owning.
“Homeowners are able to deduct mortgage interest and property taxes from income...On top
of all this, capital gains up to $250,000 are excluded from income for single filers and up to
$500,000 for married couples if they sell their homes for a gain.”
5.) Owning is a hedge against inflation.
“Housing costs and rents have tended over most time periods to go up at or higher than the
rate of inflation, making owning an attractive proposition.”
Bottom Line
We realize that homeownership makes sense for many Americans for many social and family
reasons. It also makes sense financially.
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24. CONTACT ME TO TALK MORE
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Scott Browder
Wilkinson ERA Real Estate
s.browder@outlook.com
www.scottbrowder.com
(704) 361-1806
facebook.com/scottbrowderrealestate
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…