January 10, 2019 rummy

We all can get a little too excited when planning to make a big purchase. So, to make sure you won’t miss out on important trends before you enter the market this year, have a read on this and be in the know. Interest Rates Mortgage interest rates had been on the rise for much of 2018, but they made a welcome reversal at the end of the year. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates climbed to 4.94% in November before falling to 4.62% for a 30-year fixed rate mortgage last week. Despite the recent drop,…

January 9, 2019 rummy

There are a lot of things that could go wrong when selling a house. Things that would often leave sellers with unsold houses along with wasted time money and effort. Today let’s talk about some of the things that FSBO comes along with. Here are the top five reasons: 1. Exposure to Prospective Buyers According to NAR’s 2018 Profile of Home Buyers and Sellers, 95% of buyers searched online for a home last year. That is in comparison to only 13% of buyers looking at print newspaper ads. Most real estate agents have an Internet strategy to promote the sale…

January 4, 2019 rummy

Paying off mortgages takes time, but it’s helpful to know that there are ways to shorten your mortgage payments by months or even years. Here are some ways to help you beat the loan clock legitimately and save thousands of dollars in the process. Any additional payments to the principal amount (the original sum of money borrowed in a loan), helps to cut down the amount of interest that you will pay over the life of your loan and can also help to shave years off the loan as well. When you make ‘extra’ payments toward your loan, the key…

January 3, 2019 rummy

Despite being one of the biggest decision drivers, the price of a home for sale is often overlooked when all the other factors aligned. Values are perceived by buyers differently and could arguably be the true defining factor for a buyer to make a decision. 1. Owning your home offers stability to start and raise a family From the best neighborhoods to the best school districts, even those without children at the time of purchase may have this in the back of their minds as a major reason for choosing the location of the home that they purchase. 2. There’s…

January 2, 2019 rummy

In our previous posts, we have shown why we believe we are far from another housing crash in 2019. Here’s a few more reasons to put your mind at ease. 1. There are fewer foreclosures now than there were in 2006 A major challenge in 2006 was the number of foreclosures. There will always be foreclosures, but they spiked by over 100% prior to the crash. Foreclosures sold at a discount and, in many cases, lowered the values of adjacent homes. We are ending 2018 with foreclosures at historic pre-crash numbers -much fewer foreclosures than we ended 2006 with. 2….