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The Housing Market’s Heatbeat
Record-breaking growth can't last forever, they say. After a year of record home-price growth, unimaginably low-priced commercial property cap rates, as well as stiff competition in both residential and commercial markets, a lot do wonder if the real estate market will crash in 2022?
Mortgage Rate: Which one is right for you?
Unless you can buy your home entirely in cash, finding the right property is only half the battle. The other half is choosing the best type of mortgage. You’ll likely be paying back your mortgage over a long period of time, so it’s important to find a loan that meets your needs and budget.
S.M.A.R.T. Goals
Setting goals is extremely important. Goals guide us. However, the path we take and how we plan on achieving our goals is what will make all the difference. Buying a home is a goal. On the other hand, mortgage rates play a huge role and should be considered. If you are considering buying a home in the not so distant future, keep your goal “S.M.A.R.T.”
Invest in real estate without money.
A real estate deal can be structured in various ways, and if money is off the table, you then ask, “What is there for me to offer?” What you can offer is time, your people-skills and your ability to find an investor. Yes, that is one thing that people do not think of, an investor. Find people who are willing to invest in a real estate deal, without having to be the buyer or the seller. Be the facilitator of a real estate deal.
Before you budget.
I hear it all the time, “you need a budget and you need to stick to that budget to get out of the financial situation you’re in.” Well the people that religiously spew this recommendation are not wrong, they are just missing one critical step that (in my opinion) NEEDS to happen before you can start making a budget.
A Buyer in a Seller’s Market
Use these tips to make competitive offers as a buyer in a hot seller’s market.
Home Inspection
Home inspections are will give you a report card on the integrity of your house.
Home Equity
One of my favorite parts of owning a home is the equity that is built. What is equity and how can you tap into it? Click the link below.
Quotes
Words resonate with me. These quotes have changed my life
COMING SOON: How to interview an agent.
Selecting an agent that is trustworthy and experienced can go a long way in selling you house for top dollar, and making sure you buy for the best price.
COMING SOON: PMI
Are you blowing money on PMI that you don’t need to be paying? Once the equity in your home reaches 20%, you can request the PMI be removed.
Homeownership
- versus - Rent
Rent is paying mortgage, but not yours.
When potential first-time homebuyers consider making the transition to homeownership, they ask themselves whether it makes more financial sense to keep renting or to buy. The pandemic has undoubtedly impacted that calculation. Annual house price appreciation skyrocketed during the pandemic, reaching an average of 17.5 percent annual growth in the second quarter of 2021, as demand for homes continued to outpace supply.
Factors Affecting Mortgage Rates
If you’re planning to apply for a home loan, it’s likely that you are aware of the fact that mortgage interest rates fluctuate daily. Depending upon market conditions, fluctuations can even happen on an hourly basis. These changes can have an impact on your finances when interest rates spike. To help avoid paying more for your mortgage, you can take advantage of a mortgage rate lock.
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Research, prepare and execute!
And of course, you can find me on social media.
