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.
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 - 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.
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.
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.
This document provides information for homeowners considering buying a home. It discusses 4 reasons to buy a home now including that home prices are projected to continue rising, mortgage interest rates are also projected to increase, owning a home is essentially paying a mortgage whether renting or owning, and it's time to move on with life. It also covers topics like why you need a professional real estate agent when buying, how to consider the long term costs of homeownership over just the price, an overview of recent home price changes nationally and by state, projections that home prices will appreciate 3.6% annually over the next 5 years, where mortgage rates are headed, and reasons to hire a real estate professional.
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.
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.
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 - 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.
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.
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.
This document provides information for homeowners considering buying a home. It discusses 4 reasons to buy a home now including that home prices are projected to continue rising, mortgage interest rates are also projected to increase, owning a home is essentially paying a mortgage whether renting or owning, and it's time to move on with life. It also covers topics like why you need a professional real estate agent when buying, how to consider the long term costs of homeownership over just the price, an overview of recent home price changes nationally and by state, projections that home prices will appreciate 3.6% annually over the next 5 years, where mortgage rates are headed, and reasons to hire a real estate professional.
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.
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 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.
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.
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 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 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.
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.
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.
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.
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 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.
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.
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.
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.
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 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.
This document profiles Te'a Metro, a real estate agent with Atlanta Fine Homes Sotheby's International Realty. It provides her contact information, awards and designations which include being a Certified Buyer's Representative and Certified Image Consultant. It describes her background in luxury retail sales and family real estate, and how she focuses on getting to know clients and taking care of them from beginning to end of the real estate process. The document also provides information on Atlanta Fine Homes Sotheby's International Realty and the Sotheby's International Realty brand.
The document provides information to help prepare a home for sale. It discusses working with an agent to market the property, conduct open houses and showings. It also covers common costs of selling like commissions, taxes, inspections and moving expenses. Setting the right listing price based on market conditions is important to sell quickly. Some minor improvements like painting and floor repairs can boost curb appeal while major renovations may not affect the sale price. Staging a home to appeal to the largest number of buyers is recommended.
Mike knecht Royal Lepage Terrequity Real Estate- Home Sellers GuideMike Knecht B.A.
This document provides biographical information about Mike Knecht, a real estate agent with Royal LePage Terrequity Realty. It outlines his education, experience, qualifications, awards, testimonials from past clients, and information about the brokerage he works for. The document is intended to help potential home sellers learn about Mike Knecht and decide if he would be a good agent to work with.
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 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.
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.
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 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 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.
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.
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.
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.
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 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.
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.
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.
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.
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 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.
This document profiles Te'a Metro, a real estate agent with Atlanta Fine Homes Sotheby's International Realty. It provides her contact information, awards and designations which include being a Certified Buyer's Representative and Certified Image Consultant. It describes her background in luxury retail sales and family real estate, and how she focuses on getting to know clients and taking care of them from beginning to end of the real estate process. The document also provides information on Atlanta Fine Homes Sotheby's International Realty and the Sotheby's International Realty brand.
The document provides information to help prepare a home for sale. It discusses working with an agent to market the property, conduct open houses and showings. It also covers common costs of selling like commissions, taxes, inspections and moving expenses. Setting the right listing price based on market conditions is important to sell quickly. Some minor improvements like painting and floor repairs can boost curb appeal while major renovations may not affect the sale price. Staging a home to appeal to the largest number of buyers is recommended.
Mike knecht Royal Lepage Terrequity Real Estate- Home Sellers GuideMike Knecht B.A.
This document provides biographical information about Mike Knecht, a real estate agent with Royal LePage Terrequity Realty. It outlines his education, experience, qualifications, awards, testimonials from past clients, and information about the brokerage he works for. The document is intended to help potential home sellers learn about Mike Knecht and decide if he would be a good agent to work with.
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.
Turner Team Inc. Seller's Real Estate GuideCharles Turner
The document provides details about the services offered by Keller Williams Realty Professionals and the Turner Team to home sellers. It outlines their Extraordinary Service Guarantee which includes 13 assurances such as presenting agency information, creating a marketing plan, and following up after closing. It then introduces the Turner Team and describes their experience and roles. Various marketing tools are listed that will be used to sell the home, including photos, videos, listings on websites, open houses and more.
The document provides information to help homeowners prepare to sell their home, including tips on home staging and exterior and interior improvements. It notes that the current real estate market favors sellers in most areas with high demand and low inventory. It recommends hiring a professional real estate agent like those on the Benat Team to advise on the selling process and negotiate on the homeowner's behalf, as well as complete necessary repairs and improvements to boost the home's appeal and salability.
This document provides information about selling a home, including tips for preparing a home for sale, the benefits of working with a realtor, the escrow process, and an overview of title insurance. It recommends making repairs, decluttering, and staging the home to make a good first impression. Using a realtor provides expertise in properly pricing the home, marketing it, screening buyers, and negotiating the sale. The escrow process involves ordering documents, preparing settlement statements, and facilitating the transfer of funds and documents upon closing. Title insurance protects the buyer and lender from any undisclosed liens or claims on the property's title.
Our Luxury Collection Magazine :: Fall 2016Tiffany Curry
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against developing mental illness and improve symptoms for those who already have a condition.
Sir listing presentation kennebunk febDana Whitney
Legacy Properties Sotheby's International Realty markets high-end homes along the coast of Maine. It has four offices with over 40 brokers covering over 1,000 miles of coastline. The company has a large luxury property inventory worth over $187 million. It utilizes a global marketing strategy including professional photos, print advertising, media partnerships, and social media to maximize exposure for luxury property listings.
The document provides an overview of the home selling process from the perspective of Christon Belden, a real estate agent with HUFF Realty. Some key points:
- Selling a home can be both exciting and frightening, and it's important to partner with an agent you trust.
- Successful home sellers are sufficiently motivated and go through the challenges of marketing and selling their home in order to move.
- It's an ideal time to sell due to strong buyer demand and low housing inventory, which helps push prices up.
- The top reasons homeowners sell are that their home is too small, they want to move closer to family/friends, or they need to relocate for a job
This document appears to be a LinkedIn post from Mani Subramanian Veeramani sharing various real estate-related articles and guides that were published on their profile between February 19, 2017 and January 3, 2017. The post includes over 50 links to articles on topics like renting properties, buying guides, common mistakes, market reports, and more. It is aimed at helping home buyers, investors, landlords and others involved in the Singapore real estate market.
Top real estate agent in the Madison Wisconsin has put together a pre-listing package. This contains information about Josh Lavik & Associates, Keller Williams Realty, and must know information about preparing to sell your home.
This document discusses The Stoner Group real estate team at RE/MAX Bay Point REALTORS and why homeowners should choose them to sell their property. It provides background on RE/MAX's global presence with over 6,800 offices in more than 100 countries. The Stoner Group team of three full-time agents is introduced, including their experience and credentials. Their services are outlined, including conducting a market analysis, listing the home on the multiple listing service, marketing through their database and websites/social media, and fielding all calls about the property directly.
Laura Ters, Home Smart Realty - Seller PresentationDiane Neslund
The document outlines a 7 step process for selling a home: 1) Selling consultation, 2) Develop pricing strategy, 3) Develop marketing strategy, 4) Implement customized marketing plan, 5) Understanding your role, 6) Negotiating the purchase contract, and 7) Managing the transaction through closing. It emphasizes the importance of properly pricing the home based on market comparables to attract buyers and maximize value. It also discusses developing an effective marketing strategy to reach the majority of buyers who find homes online or through an agent.
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 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 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 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.
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.
Buying a Home...Top Things to Consider!Tiffany Curry
This document provides information to consider when buying a home. It includes articles on reasons to buy now such as projected price increases and rising mortgage rates. It discusses the importance of hiring a professional real estate agent to guide buyers and negotiate on their behalf. It also covers topics like projected home price increases, mortgage interest rates, costs of homeownership versus renting, and demands to place on a real estate agent. The overall message is that now is a good time for many people to consider buying a home.
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.
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 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.
Similar to Debbie Railey's Home Buyers Guide 2015 Summer (12)
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.
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/
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
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.
For more information visit:
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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.
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/
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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.
Rams Garden Bahcelievler - Istanbul - ListingTurkeyListing Turkey
Implemented by Rams Global in Bahcelievler, the Rams Garden Bahcelievler Apartments includes 796 residences of different types from 2+1 to 5+1.
Next to the project, which will have 33 thousand square meters of green area, there will be 42 thousand 300 square meters of woodland. There will also be a 210-meter-long pond in the landscape of the project. There are 94.5 square meters of green space per flat.
Rams Garden Bahcelievler Apartments, which has 8 times more green space than the average of Istanbul with its 33 thousand square meters of green area located within a total of 75 thousand square meters, offers various housing options from 2+1 to 5+1.RAMS Garden has brought a lifeline to the construction industry.
Rams Global, which has signed projects in many places from Dubai to Phuket and delivered more than 20 thousand residences, is now starting new projects in Istanbul.
Rams Garden Bahcelievler is located 9 minutes from Metroport AVM, 5 minutes from Marmara Forum AVM, 12 minutes from Kazlıçeşme beach, 9 minutes from Yıldız Technical University, 7 minutes from Istinye University, 9 minutes from Ramada Hotel and Medicana Hospital.
https://listingturkey.com/property/rams-garden-bahcelievler-apartments/
2. TABLE OF CONTENTS
4 REASONS TO BUY YOUR HOME NOW1
YOU NEED A PROFESSIONAL WHEN BUYING A HOME3
4 DEMANDS TO MAKE ON YOUR REAL ESTATE AGENT15
WHERE ARE PRICES HEADED OVER THE NEXT 5 YEARS?6
WHERE ARE MORTGAGE INTEREST RATES HEADED?7
GETTING A MORTGAGE: WHY SO MUCH PAPERWORK?8
HARVARD: 5 FINANCIAL REASONS TO BUY A HOME11
RISING HOME PRICES & FAMILY WEALTH14
HOMEOWNERSHIP STILL THE AMERICAN DREAM17
HOME PRICES OVER THE LAST YEAR5
BUYING A HOME? CONSIDER COST NOT JUST PRICE4
THE COST OF RENTING VS. BUYING [INFOGRAPHIC]18
5 REASONS TO HIRE A REAL ESTATE PROFESSIONAL13
RENTER’S VIEWS OF HOMEOWNERSHIP10
217,726 REASONS TO BUY A HOME NOW9
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
The Home Price Expectation Survey polls a distinguished panel of over 100 economists,
investment strategists, and housing market analysts. Their most recent report projects
appreciation in home values over the next five years to be between 11.8% (most pessimistic) and
26.7% (most optimistic).
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 approximately three quarters
of a percentage point over the next 12 months.
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 in to 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. 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. Let us explain.
The Mortgage Bankers Association (MBA), the National Association of Realtors, Fannie Mae and
Freddie Mac all projected that mortgage interest rates will increase by approximately a full
percentage point over the next twelve months. According to CoreLogic’s most recent Home
Price Index Report, home prices have appreciated 5.1% in just the last 3 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 5.1% reported by CoreLogic over the next three months:
KEEPINGCURRENTMATTERS.COM 4
Mortgage Interest Rate Payment (P&I)
Today $250,000 4.04% $1,199.31
Q4 2015 $261,000 4.3% $1,300.27
$100.96Difference in Monthly Payment
Monthly Annually Over 30 Years
$100.96 $1,211.52 $36,345
7. KEEPINGCURRENTMATTERS.COM 5
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 broken down by 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
8. Today, many real estate conversations center on
housing prices and where they may be headed.
That is why there is tremendous value in the
Home Price Expectation Survey. Every quarter,
Pulsenomics surveys a nationwide panel of more
than 100 economists, real estate experts and
investment & market strategists about where
prices are headed over the next five years.
They then average the projections of all 100+
experts into a single number.
The results of their latest survey:
• Values will appreciate by 4.3% in 2015
• Cumulative appreciation will be 19.4% by 2019
• That means the average annual appreciation will
be 3.6% over the next 5 years.
• Even the experts making up the most bearish
quartile of the survey still are projecting a
cumulative appreciation of almost 11.8% by 2019
Individual opinions make headlines. This survey
is a fair depiction of future values.
WHERE ARE PRICES HEADED OVER THE
NEXT 5 YEARS?
KEEPINGCURRENTMATTERS.COM 6
9. 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 Marketing Outlook.
KEEPINGCURRENTMATTERS.COM 7
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 4.3% over the course of 2015. If both
predictions become reality, families would wind up paying considerably more for their home.
Bottom Line
Even a small increase in interest rate can impact your family’s wealth. Meet with a local real
estate professional to evaluate your ability to purchase your dream home.
10. KEEPINGCURRENTMATTERS.COM 8
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.
11. KEEPINGCURRENTMATTERS.COM 9
217,726 REASONS TO BUY A HOME NOW
The inaugural Opportunity Cost Report was released recently by realtor.com. The report
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.
12. KEEPINGCURRENTMATTERS.COM 10
RENTERS’ VIEWS OF HOMEOWNERSHIP
Freddie Mac recently released their Perceptions of Renting and Homeownership Study in which
they surveyed more than 2,000 Americans on renting in the post financial crisis market.
Their goal was to learn about “renters’ preferences toward the housing choices available to
them, the constraints preventing them from obtaining housing that they think would better
suite their needs and the drivers for their decisions.”
Renters were asked to indicate how much they agree or disagree with statements about
homeownership. Not surprising was the fact that the top 12 responses represented a large
amount of non-financial reasons to own a home.
Here are the top responses broken into the Financial & Non-Financial Aspects.
It is something to be proud of 91%
It can be passed on to your children 90%
It allows more flexibility to design it the way you want 89%
It gives you more privacy 86%
It gives you more independence and control 81%
It provides a better home life for children 76%
It is a sign of success 76%
It makes you feel more like part of a community 74%
It allows you to live in a better, safer neighborhood 60%
Non Financial Aspects
86%
Homeownership
provides protection
against rent increases
80%
Homeownership is an
investment opportunity that
builds long-term wealth
77%
Homeownership
provides stability and/or
financial security
Financial Aspects
Bottom Line
No matter what reasons ring true with you, meeting with a local real estate professional to
evaluate your situation is the first step on the path to obtaining everything on this list.
13. KEEPINGCURRENTMATTERS.COM 11
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.”
14. 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.
KEEPINGCURRENTMATTERS.COM 12
15. KEEPINGCURRENTMATTERS.COM 13
They help with all disclosures and paperwork
necessary in today’s heavily regulated environment.
They are well educated in and experienced with the
entire sales process.
They act as a “buffer” in negotiations with all parties
throughout the entire transaction.
They help understand today’s real estate values when
setting the price on a listing or on an offer to purchase.
They simply and effectively explain today’s real estate
headlines and decipher what they mean to you.
Reasons to Hire a
Real Estate Professional5
16. 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:
KEEPINGCURRENTMATTERS.COM 14
Bottom Line
If the experts are correct and a homeowner will really have an average of 40x 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?
17. 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.
KEEPINGCURRENTMATTERS.COM 15
18. KEEPINGCURRENTMATTERS.COM 16
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!
19. There has been some who have voiced doubt as to
whether or not the younger generations still
consider buying a home as being part of the
“American Dream”. A recent study by Merrill
Lynch puts that doubt to rest. According to their
research, every living generation still maintains
that owning a home is in fact important.
(The results are on the right)
This should not surprise us as many studies have
revealed the benefits of homeownership enjoyed
by the families who own their own home. One such
study was done by the Joint Center of Housing
Studies at Harvard University that addressed a
major financial benefit to owning your own home:
forced savings. The report explains:
“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.”
The Merrill Lynch study proves this point with the
home equity data on the right (a form of savings).
KEEPINGCURRENTMATTERS.COM 17
HOMEOWNERSHIP STILL THE AMERICAN DREAM
Bottom Line
There are many reasons that owning a home makes sense. The financial reasons are powerful.
As one participant in the Merrill Lynch study put it:
“When I was younger, I always worried about that monthly mortgage payment. Now that I am
retired, I have the peace of mind of knowing I own my home free and clear.”
21. CONTACT ME TO TALK MORE
Debbie Railey
Home Finders Colorado
Sellstate Alliance Realty
Debbie@HomeFindersCO.com
ColoradoSpringsAreaHomeHub.com
(719) 648-9903
facebook.com/DebbieRaileyRealtor
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…