There seems to have been an accepted progression for homeowners going from starter home, to gradually moving into one’s dream home, then, downsizing after becoming an empty nester and finally, into a retirement home. However, Marianne Cusato’s 2016 Aging-in-Place Report indicates that many older Americans don’t plan on following that pattern. 61% of homeowners above… [Read More]
Attracting Buyers to Your Home – Adding Incentives
There is a common body of knowledge among real estate professionals that indicates that the longer a home is on the market, the lower the price will be. Many sellers discount this belief in the beginning because they feel confident their home will sell quickly and don’t need to offer incentives. Lowering the price is… [Read More]
Rent or Buy – You Pay for the Mortgage on the House You Occupy
The ironic thing about people who think they can’t afford to buy a home for themselves, end up buying the home for their landlord. There are several facts that support this notion. Weather you rent or buy, you are paying for the house. Only difference is who you are paying. Mortgages, whether held by an… [Read More]
Real Estate Facts or Myths
“It’s impossible to get low down payment loans.” – MYTH! FHA down payments are 3.5% and VA is 0%. In some areas, there may be some 0% down payment USDA loans available. FNMA and Freddie Mac have 3% down payment programs. “It takes perfect credit to get a loan.” – MYTH! There is a relationship… [Read More]
Mortgage Rates – What a Difference 50 years Makes
In 1966, a gallon of gas was $0.32 and today, it is $2.49. A dozen eggs were $0.60 but they’ve only doubled to $1.33. A gallon of milk was $0.99 and today, it costs $3.98. You could send a letter for five cents and now, it costs forty-seven cents. The average cost of a new… [Read More]
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