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The challenges of of a hot real estate market

If you are in the process of selling your home, make sure you realize the major challenge a hot real estate market creates. Each house must be sold twice; once to a buyer and a second time to an appraiser who represents the bank that will grant the purchaser a mortgage to buy the home … Continue reading

  • Read this Keller Williams blog LEADS WITHOUT BORDERS: TIPS FOR WORKING WITH INTERNATIONAL CLIENTS Feb 24, 2016 3:03:20 PM One out of 14 real estate purchases in the United States come from a foreign buyer. How are you reaching international leads? If your answer is, "I am not," then you are missing out on a lot of opportunity.  
  • For many motivated buyers, finding a home that fits their criteria and budget is becoming challenging. Here are a few tips to help with your decision. Identify your list of "must have" and decide if some of them could be "fixed". Ex: you won't change the location of a house and having a power line in your backyard. However you can always upgrade an old kitchen.Clients decided recently that being able to play basketball with their kid on the street was important. Clarity is  empowering and will help you make an informed decision. Make sure to know the monthly expenses that you don't want to exceed for your home including: monthly mortgage payment with taxes, hoa fees if any, home insurance and water bill. Identify if you have room left for repairs work and upgrades when you negotiate a home purchase.  Analyse and set the level of urgency for these upgrades. Bottom line: There is nothing worse than discovering during or after the close of escrow, that the property wasn't a good fit and a purchase by default. 
  • There are many young people debating whether they should renew the lease on their apartment or sign a contract to purchase their first home. Housing Cost & Net Worth Whether you rent or buy, you have a monthly housing cost. As a buyer, you are paying YOUR mortgage. Every mortgage payment is a form of what Harvard University’s Joint Center for Housing Studies calls“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.” The principal portion of your mortgage payment helps build your net worth through building the equity you have in your home. As a renter, you are paying YOUR LANDLORD’S mortgage. Below is an example of the home equity that would be accrued over the course of the next four years if you were to buy a home by the end of this year; based on the results of the Home Price Expectation Survey. In this example, simply by paying your mortgage, you have just increased your net worth by over $34,000! Bottom Line Use your monthly housing cost to your advantage! Let's get together and discuss the opportunities available in our market.
  • Today, many real estate conversations center on  housing prices and where they may be headed. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists are being asked 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 4.4% in 2014 • Cumulative appreciation will be 19.5% by 2018 • 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 9.4% by 2018 Individual opinions make headlines. This survey is a fair depiction of future values.