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April 5, 2024

A good listing agent will maximize your proceeds of sales so that you realize the most from your equity.

April 4, 2024

May be an image of 1 person, map and text that says 'Buyers may think that all real estate websites display the same listings. However, multiple listing services (MLS) and exclusive listings can vary across platforms. A skilled real estate professional is the best way to discover all ofthe available properties. Market Road 3 $ Eagle.Float A51 BetterHomeowners.com'

The ultimate goal isn't merely to "search" for your dream home but to actively find it, and that's where a skilled agent's expertise is truly valuable.

April 3, 2024

Homeowners, it's time to pocket those profits! Contact me to find out what your home is worth.

April 2, 2024

May be an image of text that says 'DOWNSIZE YOUR HOME RIGHTSIZE YOUR LIFE'

Is your home feeling like more than you can manage in your current stage of life? It might be time to think about downsizing. ?

March 29, 2024

May be an image of 1 person and text that says '% Some economists are revising their rate predictions to be higher this year than previously thought. Fannie Mae now expects the 30-year fixed rate mortgage to end 2024 at 6.5% up from its 5.9% prediction earlier this year. The new normal formortgage rates now hovers around the 6% range and it's increasingly less likely for mortgage rates to return to previous lows below 5%. BetterHomeowners.com'

The new normal for mortgage rates now hovers around the 6% range and it's increasingly less likely for mortgage rates to return to previous lows below 5%.

March 28, 2024

May be an image of water heater and text that says 'For Your Home 1 Cleaning Pool Pest Control Lawn Care 5 Plumbing 6 Electrical Service Providers HVAC Security Roofing Remodeling Appliances Painting personal recommendations Ifyou don't know who to call when you need a service provider for your home, call your trusted real esate professional for a personal recommendation. BetterHomeowners.com'

Providers hold significant value due to their industry expertise, extensive network, and first-hand experience working with various professionals.

March 27, 2024

May be an image of ?text that says '??OA Buyers might think that making an extremely low offer is the best way to secure a deal. However, overly low offers can alienate sellers and lead to missed opportunities. BetterHomeowners.com?'?

Your agent can supply recent comparable sales and other information to help you make a reasonable offer.

March 26, 2024

If you refer your agent to someone, let them know so they can follow-up.

March 25, 2024

May be an image of text that says 'Appraisal values may not always align with the market value of a home, as they rely on different methodologies and may not consider recent market trends. There is a difference in market, appraisal, assessed, and insured values. Your agent can suggest a strategy to help you realize the maximum proceeds from the sale of your home. BetterHomeowners.com'

Your real estate professional can help you understand the differences and provide you with information applicable to the current market.

March 11, 2024

May be an image of 1 person, child, money and text that says 'The 2024 annual gift exclusion is now $18,000 per person. For example, each parent can give their daughter who is a single mom and her child $18,000 for a total of $72,000 with no taxes due the donor or the recipient What a great way to get them into a home. Check with your tax advisor. BetterHomeowners.com'

This is a great way to help out a family member to get in a home today, especially if they're going to inherit it in the future anyway. You get to see them enjoy it.

March 8, 2024

May be an image of text that says 'The Highest Offer isn't Always the Best! K PERFORMANCE KEY INDICATORS Sellers may believe that accepting the highest offer is always the best choice. However, other factors like the buyer's financing, contingencies, occupancy, and other terms can impact the transaction's success. Your real estate professional can help you balance the differ- ent factors to compare proceeds, timing, and convenience. BetterHomeowners.com'

A good listing agent will present a balanced assessment of the price and terms of an offer for you to make an informed decision.

March 7, 2024

May be an image of 7 people and text that says 'Moving is a major life event, and it can be stressful enough without having to worry about being scammed by a moving company. Your Responsibilifove Move Rights and When You READY MOVE? Funbed TH/ w www.ProtectYourMove.gov BetterHomeowners.com'

Protect yourself from being scammed by a moving company - www.ProtectYourMove.gov.

March 5, 2024

May be an image of flower and text that says 'HOW TO KEEP CUT FLOWERS FRESH'

Here are a few tips to keep cut flowers fresh longer: ?
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Start with a clean vase. Use diluted bleach and give your vase a good scrub to get rid of any bacteria before you add your arrangement. ?
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Add flower food. If you don’t have any on hand, you can provide nutrients by mixing 2 tbs lemon juice, 1 tbs sugar, and 1/2 tsp bleach into your vase water. ?
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Snip stems and remove leaves. Cut stems at a 45-degree angle and remove any leaves that will be submerged. This prevents bacterial growth and aids water and nutrient absorption. ?
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Replace water and recut stems. Trim stems every 3-5 days and add fresh water daily to keep the vase clean and flowers hydrated. ?
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Avoid heat and direct sunlight. Watch for overexposure, which can dry out flowers prematurely. ?

March 4, 2024

May be an image of text that says 'The vacancy clause in a standard homeowner policy states that if the home is left unoccupied for an extended period, typically 30-60 days, certain coverage may be limited or suspended. Check with your insurance agent to determine the specific grace period and if a rider will be necessary if the vacancy period exceeds that time. BetterHomeowners.com'

Check with your insurance agent before you leave the home vacant.

March 1, 2024

May be an image of text that says 'Real Estate Rule of Thumb What should a borrower's debt-to-income ratio be? Lenders prefer a DTI of 43% or lower which represents month- ly income to monthly debts in- cluding house payment. Remember, while rules of thumb provide quick insights, every situation is unique. They should be used as general guidelines supplemented by detailed analysis and understanding of individual circumstances. Your agent can help you with this.'

Borrowers with compensating factors may be able to qualify with a higher debt-to-income ratio.

February 29, 2024

May be an image of text that says '5.56% 3.7% Over the past sixty years, homes have appreciated in value at an annual appreciation rate of 5.56%. Inflation, for the same period, averaged 3.7% making homes an effective hedge against inflation. Source Fereral Reserve Economic Data US BLS BetterHomeowners.com'

Homeownership is an excellent hedge against inflation and a great wealth builder.

February 28, 2024

May be an image of lighting, bedroom and text that says 'The Do's And Don'ts OF MAXIMALISM'

In 2024, maximalism is in. That means bold hues, eclectic artwork, and contrasting textures and patterns. ?
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While this look can be a great way to embrace your personal style, it could deter potential buyers if you aren’t careful. ?
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Here are some do’s and don’ts if you are selling your home: ?
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Do: Balance statement pieces with a more neutral paint palette ?

Don’t: Cover walls in polarizing shades, like bright pink ?

Do: Try patterned wallpaper in a small room, like a powder room ?

Don’t: Cover a large space in a too-bold or busy print ?

Do: Curate the belongings you display ?

Don’t: Allow your home to become cluttered or overly personalized

February 27, 2024

May be an image of text that says 'Contributing factors to low inventory in the housing market include "interest rates not likely to decline enough to break the rate-lock effect, caused by homeowners with low-rate mortgages deciding not to buy a new home due to higher-rate mortgages available today. This lock-in effect, combined with a slower than expected pace of seniors selling their homes, is limiting the supply of for-sale homes." Len Kiefer, Deputy Chief Economist, Freddie Mac BetterHomeowhers.com'

If you are considering selling, these conditions favor higher prices and lower competition. Call me to find out more.

February 23, 2024

May be an image of 1 person and text that says 'Buy when you downsize for retirement Besides the stability, control, and possible tax benefits of homeownership, it is a very good hedge against inflation. Inflation over the past 60 years averaged 3.7%, while the annual appreciation of home is 5.56% BetterHomeowners.com'

Let's visit to talk about how to coordinate the move.

February 22, 2024

May be an image of 2 people and text that says 'Just because it's on the Internet doesn't guarantee accuracy! Relying exclusively on online listings and information without the guidance of a real estate professional for precise, current insights can result in misinterpretation. BetterHomeowners.com'

Depending solely on Internet sources for information is like hearing the news from one source and expecting to gain a balanced, accurate understanding of current events.

February 22, 2024

May be an image of text that says '11///1/ How to mix metals like a PRO Brass Rubbed Bronze Stainless 11/1111'

Mixing the metal finishes on fixtures and hardware used to be tacky. But in 2024, it’s on trend. ?
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Here are our top tips to help you embrace this look like a design pro: ?
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Choose metals with bold contrast, like satin nickel and polished brass. ?

Avoid near matches like gold and bronze, which can look accidental rather than intentional. ?

Use each metal at least two times in a room for an intentional, sophisticated look. ?

Stick to two metals in a small room, and two to three in a larger space. ?

Swap your matte finishes for trendy, high-polish details.

February 20, 2024

Higher mortgage rates have slowed down the real estate market. But there will always be home buyers and sellers who need to move because of life circumstances. ?
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Some industry pros refer to these as the 5 D's: ?
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Diamonds: Couples getting married or moving in together often seek out new or larger homes. ?
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Diapers: Growing families typically need more space. ?

Divorce: Unfortunately, divorces often make home sales necessary. ?

Downsizing: Empty nesters might choose to move into a smaller home. ?

Death: Sadly, the death of a homeowner is another common reason for home sales. ?
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Whatever your reason for moving, we can help! Reach out to schedule a complimentary appointment to discuss your goals. ?

February 19, 2024

May be an image of 1 person and text that says '"Don't risk a lot for a little!" The premiums on insurance may seem high at the time they are due but are much less than an uncovered loss. The recommended course of action is to purchase insurance for 100% of the full replacement value. Have an open and candid conversation with your insurance agent. BetterHomeowners.com'

Have an open and candid conversation with your insurance agent. There is a difference in replacement cost value and market value.

February 16, 2024

May be an image of text that says 'Renting doesn't lead to an increased wealth positon like homeownership. $12,250 grows to $119,063 in equity Example based on a $350,000 purchase price that appreciates at 3% per year for 7 years using an FHA loan with 3.5% down payment with a 30-year mortgage at 6.63%. BetterHomeowners.com'

Absolutely, one of the best things you can do financially.

February 14, 2024

Wishing you a Valentine's Day filled with love and the perfect home to match!

February 12, 2024

May be a graphic of heart and text that says 'Consider carefully before including a "love letter" with your offer to purchase. Buyer "love letters" used to emotionally encourage sellers to accept their offer have potential pitfalls concerning liability for fair housing violations. Members of the National Association of REALTORS® have been advised not to participate in the facilitation of them on either end of the transaction. BetterHomeowners.com'

Talk to your agent to better understand the reasoning behind this.

February 9, 2024

May be an image of text that says 'Home Buying Team Listing Agent Real Estate Attorney* o Loan Officer Title Insurance Buyer's Agent Appraiser Surveyor ? Home Inspector *may not be required Insurance Agent Pest Control BetterHomeowners.com'

Your agent can help you put together a winning team.

February 8, 2024

May be an image of text that says 'Real Estate Rule of Thumb ha R How much are buyer closing costs? They can range from 3% to 5% of the purchase price. Some- times, they can be negotiated for the seller to pay them. Remember, while rules of thumb provide quick insights, every situation is unique. They should be used as general guidelines, supplemented by detailed analysis and understanding of individual circumstances. Your agent can help you with this.'

In some cases, it may be possible to negotiate with the seller to pay part of the buyer's closing costs but every seller is a unique situation based on the other terms of the contract.

February 5, 2024

May be an image of text that says 'Homes are powerful wealth builders and guardians against the relentless bite of inflation. Appreciation 5.56% 60-year Average 1963 Avg Price Home $19,300 Rent Increase 3.88% 60-year Average Source: Federal Reserve Economic Data 2023 Avg Price Home $495,100 BetterHomeowners.com'

Getting into a home, even if it isn't your "forever" home can be your best investment and protection against inflation.

February 2, 2024

May be an image of text that says 'A groundhog can predict the weather about as accurately as Zillow can determine the value of your home. BetterHomeowners.com'

Happy Groundhog Day...Regardless of whether you're selling or not, contact your agent to get a much more accurate value for your home in today's market.

February 1, 2024

May be an image of text that says 'Buyers Beware! There may be cameras or recording devices in homes for sale, and the homeowner may or may not be required to tell you about them. Anything you say in the home could be recorded and negatively affect your negotiations. BetterHomeowners.com'

There may be eyes (and ears) watching you when you're house hunting so keep your comments neutral until you are alone in the car.

February 1, 2024

May be an image of text that says '1 3 2 3 CONSIDERATIONS BEFORE YOU BUY A FORECLOSURE'

Have you ever thought about buying a foreclosed home? ?
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Foreclosures are often sold below market value, so you can save significantly on the initial purchase. However, they can end up costing more in the long run if they require costly repairs. ?
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Here are 3 things to consider before you decide: ?

Foreclosures are typically sold as-is, meaning the seller bears no liability for any problems. ?

You may be unable to tour the home or have an inspection before purchasing. ?

Foreclosed homes often need extensive repairs due to long-term vacancy or neglect. ?
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Buying a foreclosure can be both risky and rewarding. Reach out to discuss all the options available in our market so we can help you make an informed decision and score a great deal. ?

January 29, 2024

May be a graphic of text that says 'Asurviving spouse ofa of Veteran may be eligible to get a VA-back loan. It is necessary to provide a Certificate of Eligibilityto show the lender you qualify for the benefit and be able to qualify on credit and income requirements. At least one of these must be true: The Veteran is missing in action, or The Veteran is a prisoner of war (POW), or ?The Veteran died while in service or from a service-connected service- disability and the surviving spouse didn't remarry. There may be some additional exceptions to these rules. BetterHomeowners.com'

This can be a great opportunity for Veteran's spouses who meet one of these requirements.

January 26, 2024

May be an image of text that says '1 2 3 4 FHA 2024 Loan Limits Units Low-Cost High Cost AK/GU/HI/VI Area Max Area Max Exceptions $498,257 $1,149,825 $1,724,725 $637,950 $1,472,250 $2,208,375 $771,125 $1,779,525 $2,669,275 $958,350 $2,211,600 $3,317,400 For case numbers assigned on or after Jan. 1, 2024 through Dec. 31, 2024 BetterHomeowners.com'

The best plan is always to get pre-approved and I can recommend a mortgage officer who specializes in FHA loans.

January 25, 2024

May be an image of text that says 'Find out what your policy covers before you file a claim Windstorm .Hail ircraft Riot/civil comotion -Vehicles Explosions Smoke Hurricane Flood Rising water BetterHomeowners.com'

If you have any questions about your home insurance policy, ask your insurance agent.

January 25, 2024

May be an image of 1 person and text that says 'GOOD NEWS FOR HOME BUYERS IN 2024 HOME'

Last year was a tough one for U.S. home buyers. But the year ahead is looking brighter! ? ?
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?? Mortgage rates should finally be headed down. ?
Lower rates will go a long way toward making homeownership more affordable. ?
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?? Record-high price appreciation has slowed. ?
The crazy price hikes are over; home values should remain relatively stable in 2024. ?
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?? Lower demand is giving buyers more bargaining power. ?
With fewer buyers making offers, there's more incentive for sellers to negotiate. ?
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Check out our latest blog post to learn how buyers can make the most of the 2024 real estate market! ?

January 22, 2024

May be an image of text that says 'ARM Loan ARMs can be a solution for buyers to lock in a home at today's prices instead of waiting for rates to continue to come down. Adjustable Rate Mortgages typically offer lower initial rates than fixed-rate mortgages for the first period. If interest rates continue to decline, ARMS can lead to even lower monthly payments, making them attractive to budget-conscious buyers. BetterHomeowners.com'

ARMs can lead to even lower monthly payments making them attractive to budget-conscious buyers.

January 19, 2024

May be an image of text that says 'Dealing with Higher Mortgage Rates t+t Adjustable Rate Loan Buy Now, Refinance Later Increase Down Payment Buydown Rate with Points A00 010 BetterHomeowners.com'

Interest rates are the current cost of doing business and can be refinanced when appropriate but waiting for lower rates could cost you in the form of higher purchase prices due to appreciation.

January 18, 2024

May be an image of text that says 'Recently, Fannie Mae Freddie Mac, & FHA have reverted back to the former low down payment requirements for owner-occupied two-four unit properties which had been increased to 15% last year. This is an opportunity for homeowners to leverage the purchase of rental units that can offset their own living costs while increasing their net worth. BetterHomeowners.com'

The income from the other units lowers the contribution to the payment for you and is an investment for the future.

January 12, 2024

May be an image of 1 person and text that says 'Just like your favorite book on the shelf, may not be needed every day, but when you do reach for me, I'll have the perfect chapter on real estate ready for you! C'

Please consider me your go-to source for anything real estate; I'm here to help even when you're not buying or selling.

January 11, 2024

May be an image of text that says '2024 Conventional Conforming Limits One to Four Units LODER Fannie Mae® FreddieMac Maximum Original Principal Balance for Loans Closed in 2024 Units 1 2 3 4 48/DC/PR General $766,550 $981,500 $1,186,350 $1,474,400 AK/GU/HI/VI General $1,149,825 $1,472,250 $1,779,525 $2,211,600 There are high-cost areas within the following states: CA, co, CT, DC, FL, ID, MD, MA, NH, NJ, NY, NC, PA, TN, UT, VA, WA, WV, WY BetterHomeowners.com'

The good news is rates are coming down and you'll have lower payments than just a month ago.

January 9, 2024

May be an image of text that says '5 NEW YEAR'S RESOLUTIONS FOR HOMEOWNERS Declutter and organize. Stay on top of maintenance. Cut down on energy use. Invest in home security. Freshen up your space.'

Making New Year’s resolutions? Add these items to the list to make the most of your home in 2024. ?
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Declutter and organize. ?
Go through one room each month and discard or donate items you no longer use. ?

Stay on top of maintenance. ?
Add recurring tasks to your calendar to ensure you stay on track. ?

Cut down on energy use. ?
Schedule an energy audit to identify leaks and upgrade to more efficient appliances. ?

Invest in home security. ?
Install a monitored security system and upgrade your outdoor lighting. ?

Freshen up your space. ?
Add some new throw pillows or swap dated light fixtures for more modern alternatives. ?
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Need professional help getting your home ready for the year ahead? Reach out for a referral! ?

January 8, 2024

Look for an agent who exhibits high levels of education and experience who will devote the effort to find your home.

January 5, 2024

May be an image of text that says 'OPENNONE FOR SALE Down Payment Sources for First-time Homebuyers Savings Gifts from family or friends Qualified retirement State local A”sistance rogram Crowdfunding Sale of assets Inheritance Tax refund Low Down Payment Programs USDA VA 0% FHA FNMA Freddienal 0% 3.5% 3% BetterHomeowners.com'

Rely on your agent's expertise to uncover hidden sources and make your homeownership dreams a reality!

January 4, 2024

We're ready to listen to what you want and go to work to find it.

January 1, 2024

May be an image of text that says '2024 YEAR HAPPY NEW "Be at war with your víces, at peace with your neighbors, and let every New Year find you a better person, Benjamin Franklin : ? ???? - #'

We'd like to be of help to you if plans for the new year include buying or selling a home or even advice on any real estate questions you may have.

December 29, 2023

May be an image of 1 person and text that says 'Finding the "right" home... ...starts with a plan and your professional. Homeo rs.com'

Reach out and we can get together virtually or in person to talk.

December 28, 2024

May be an image of text that says '"For the majority of households that transition into homeownership, the most recent data reinforces that housing is one of the biggest positive drivers of wealth creation in this country. Odeta Kushi, deputy chief economist at First American The median homeowner has a net worth of $396,000 compared to approximately $10,400 for renters making the net worth of a homeowner 38 times the household wealth of a renter according to the latest data. Federal Reserve Board BetterHomeowners.com'

Homeownership offers stability, fixed payments, and longer generational wealth, not to mention personal satisfaction, pride of ownership, and a safe, secure place to live.

December 25, 2023

May be an image of christmas tree and text

Our team hopes that you enjoy your family and holidays.

December 22, 2023

Appreciation and amortization have a big impact on your equity but leverage of high loan-to-value mortgages for homeowners also plays a big part.

December 21, 2023

May be an image of text that says 'Over the past six decades, homes have soared, at an astounding annual compounded growth rate of 5.56%. 1963 2023 Average Home Price Average Home Price $19,300 $495,100 Source: Federal Reserve Economic Data In parallel, rent has steadily risen at 3.88% annually. Homes are powertul wealth builders and guardians against the relentless bite of inflation. etterHoreow'

Getting into a home, even if it isn't your "forever" home can be your best investment and protection against inflation.

December 19, 2023

May be an image of 2 people, floor plan, blueprint and text that says 'SHOULD YOU BUILD A NEW HOME? Are you willing to wait a year or more to move in? Yes No Do you want to choose all the fixtures, finishes, and appliances yourself? Yes No Is lower maintenance a priority for you? Yes No Are you looking for an energy-efficient home? Yes No Do you prefer a more contemporary home layout and aesthetic? Yes No'

Thinking about building a new home? ?
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With a shortage of existing homes on the market, new construction can be a compelling option. ?
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If you answer “YES” to these five questions, a new build might be right for you. ?
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If you’re on the fence, reach out for a free consultation. We can help you decide whether a new or existing home is right for you—and help you with your purchase no matter what you choose. ?

December 18, 2023

May be an image of text that says 'What's the Difference? A property disclosure is the seller's statement to potential buyers about the condition of the home and its systems. A home inspection is a professional opinion about the condition of a home usually paid by the buyer as a provision of the sales contract. A home warranty is an agreements by a third party company to repair or replace named items that are generally not covered by homeowner's insurance. BetterHomeowners.com'

A property description is a marketing tool, a home inspection is a reality check, and a home warranty is a safety net.

December 15, 2023

May be an image of wine and text that says '"Just like a fine wine, a good real real estate agent gets better with time. Remember me when you're ready to uncorkyour next real estate adventure!'

I want to help not only when you buy and sell, but all the years in between.

December 14, 2023

May be an image of lighting and text that says 'Don't Overlook simple cosmetic improvements like fresh paint & update lighting fixtures'

Homes that need cosmetic improvements are often priced lower than homes that are move-in ready.

December 11, 2023

There really is a lot more to finding the right home than just searching online. Let's get together and I share my plan with you.

December 8, 2023

We want to be your trusted agent, ready to support you find your dream home as you start this new chapter in your life.

December 7, 2023

As an owner-occupant, you are eligible for low downpayment mortgages.

December 4, 2023

It isn't magic; it's the power of the home's appreciation and amortization, neither of which benefit renters

Check out my newsletter!

December 1, 2023

The persistently low inventory has driven up home prices this year and is expected to pose a continued challenge for those waiting for better interest rates in the future.

November 30, 2023

Working with an agent proficient in every aspect of the transaction ensures a smooth and confident home buying experience, putting your best interests at the forefront.

November 27, 2023

Think of it like fine-tuning a radio station: if you're not hitting the right 'frequency' with buyers, it might be time for a price adjustment to tune in to the perfect harmony!

November 25, 2023

The "right" agent will help you with everything that has to be done to sell your home fast and for the best price.

November 24, 2023

Only real estate agents can add properties to the Multiple Listing Service (MLS) — and there are major benefits to having your home listed.

Visibility to buyer’s agents.
Since the MLS includes more detailed and up-to-date information than online aggregators like Zillow, real estate agents use it to find potential homes for their clients.
More qualified potential buyers.
Because the MLS is used by buyer’s agents, you’re more likely to draw in serious shoppers — not just curious onlookers.
Placement on more listing websites.
MLS listings are automatically syndicated on hundreds of real estate websites, which means greater exposure for your home.

If you work with us to sell your home, we’ll place your listing on the MLS, but that’s only the start of our marketing efforts. Reach out for a copy of our multi-step property marketing plan or to schedule a free consultation.

November 23, 2023

If you think you may have been a victim of a mortgage relief scam, you should contact your state attorney general's office or the Federal Trade Commission (FTC).

November 22, 2023

The complete report was just released last week and contains 141 pages giving valuable insight into trends and services buyers and sellers consider valuable.

November 21, 2023

More excitement is ahead!

November 20, 2023

Every paw-spective buyer may not feel the same way you do about pets.

November 17, 2023

If nothing else, have a discussion with your insurance agent a couple of months before the anniversary date.

November 16, 2023

As your REALTOR®, it's not just about finding the perfect house; it's about finding the perfect match!

November 13, 2023

Let's get together and talk about it.

November 10, 2023

Using their benefits to turn the key, because heroes deserve a welcoming hearth.

November 9, 2023

Maybe you've never thought of your home as an ATM but it is a valuable asset that provides options to homeowners.

November 6, 2023

With the increase in conventional conforming loan limits, your dream home might be closer than you think.

November 3, 2023

Leverage your negotiations to their fullest potential by relying on your agent's expertise to suggest alternatives

November 2, 2023

A skilled agent can coordinate the intricacies of both transactions, guaranteeing a seamless and timely process.

October 31, 2023

To keep our children safe, be extra careful driving through the neighborhoods.

October 27, 2023

Ask your friends if they have a recommendation for the type of contractor you need. You can also ask your agent to give you recommendations.

October 26, 2023

When you rent, you are paying for the landlord's mortgage, property taxes, and maintenance costs. When you buy, you are paying for those things plus your own equity.

October 23, 2023

October 20, 2023

Your real estate agent should be able to provide you with up-to-date information about the local market.

October 19, 2023

Your agent will be there with you every step of the way and we provide a Buyer's Guide at our first meeting.

October 16, 2023

Contact me for an information guide explaining what you need to know.

October 13, 2023

On meeting with buyers for the first time, we explain the entire process of buying a home, what is normal, and what exceptions are possible.

October 12, 2023

Let your agent be your guide through the real estate maze, translating jargon into your own home-buying success story!

October 9, 2023

Don't let high mortgage rates slow down your homeownership dreams! Contact your agent today to explore these options together!

October 6, 2023

Don't let water sneak in and wreak havoc! Seal the deal against damage by taking simple steps to protect your home from watery woes.

October 5, 2023

Your listing agent can provide more details on how to implement this strategy.

October 2, 2023

When in doubt, let your agent sort it out! Your trusted advisor is here to help you distinguish real from personal property and guide you to a seamless sale.

September 29, 2023

Only one person will end up buying your home and it is your agent's job to use all means possible to expose it to the right possible prospects.

September 28, 2023

Let's connect and we check out your numbers to see the difference.

September 27, 2023

Homebuyers should always verify with your agent and another trusted individual like a settlement or mortgage officer that the request for funds is legitimate before transferring money.

September 26, 2023

Unlock the door to your financial future with single-family rental homes - where every house key holds the promise of prosperity!

September 25, 2023

Agents vary in their approach, and we stand out by respecting your time and preferences through thorough research to identify the "right" home for you.

September 22, 2023

Your agent can tell you if properties in the area you want to live are eligible for this type of mortgage.

September 21, 2023

Allow me to assist you in discovering the perfect professional for your upcoming transition.

September 20, 2023

As young people enter the full-time workforce and begin to think about living on their own, it may not seem practical or wise to consider buying a home. However, it may be a pivotal decision for your financial security and future retirement.

Rents are going to increase based on the shortage of rental units needed for the demand of the market. Buying a home is a way to control those costs and even provide income by converting it to a rental as you decide to move up into another home.

There is an advantage to buying a home before a person gets married, starts a family, and has their standard of living at a higher pace. Their expenses are lower, and it is easier to not only qualify for a loan but possibly, take advantage of programs for down payment assistance, grants, or other options like gift funds or co-signers.

Purchasing a home is a significant financial decision, particularly for first-time homebuyers. However, there are several benefits to buying a home early in your career, even if it is not your dream home.

One of the most significant benefits of buying a home as an investment is that it can help you build equity. Equity is the difference between the value of your home and the amount you owe on your mortgage. As your home's value increases, so does your equity. This can be a valuable asset in the future, as you can use it to finance other investments or retirement expenses.

Another benefit of buying a home as an investment is that it can generate passive income. If you rent out a room or two in your home, you can use the rent to help cover your mortgage payments and other expenses. This can free up your disposable income to invest in other areas, such as your retirement savings.

Of course, there are some risks associated with buying a home as an investment. The value of your home may not always increase, and you may have to deal with unexpected expenses, such as repairs or maintenance. However, the potential benefits of homeownership can outweigh the risks, particularly if you are strategic about your investment.

When choosing a home to purchase as an investment, it is important to consider the location. A home in a desirable area that is likely to appreciate in value over time is a wise investment. It is also important to consider the size of the home. A home with three or four bedrooms will be easier to rent than a property with less.

The strategy can be as simple as:

Buy a house when you enter the workforce and take on paying roommates. Declare the income on your income tax.
It doesn't have to be the perfect home, but it does need to be a good home in a good area.
Never sell the home; instead, convert it to a rental when you move up in the near future as your income goes up.

September 19, 2023

Trusted recommendations are the compass guiding you through the maze of choices and also your peace of mind.

September 18, 2023

A home can be the largest investment for many homeowners that contributes greatly to their wealth.

September 15, 2023

These are very commonplace with builders selling their new homes and your agent can explain how these can be done.

September 14, 2023

90% of home buyers opt for a 30-year fixed-rate mortgage.

September 13, 2023

By employing these tips and working closely with your real estate agent, you can increase your chances of securing a favorable offer as a homebuyer.

September 12, 2023

Your agent can run these numbers for you; you may be very surprised.

September 11, 2023

The loss from missed appreciation could far outweigh the additional cost of a higher rate now that could be refinanced later.

September 8, 2023

It can make a big difference whether buyers decide to schedule a showing.

September 7, 2023

Sellers experience the quickest sales for the most money when they align the list price as closely as possible with the expected market and appraised values.

September 6, 2023

The more you know about mortgages, the better equipped you'll be to get the best deal. Your agent could be the first place to start.

September 5, 2023

For more information, go to www.FMSCA.dot.gov/protect-your-move

September 4, 2023

I hope you can take this day to relax and enjoy the fruits of our labor here in the greatest country in the world.

September 1, 2023

Your agent can supply you with the facts and their opinion as well as other experts in the field.

August 31, 2023

There is a ton of great information by the Federal Government on www.ProtectYourMove.com.

August 30, 2023

Contact me to find out specifically what needs to be done to your home to maximize marketability.

August 29, 2023

Your agent should be giving you advice to write an offer that can compete with the possibility of multiple offers.

August 28, 2023

Let's connect and you'll get specifics of how to get involved with this promising alternative to stocks.

August 25, 2023

Even if this isn't what you're looking for, we're ready to help you find your dream home.

August 24, 2023

Another benefit to getting pre-approved is that the mortgage officer can suggest things that could improve your credit score.

August 23, 2023

Please feel free to reach out to me; I want to be your dedicated real estate resource.

August 22, 2023

Your agent can provide you with a broker's price opinion that your tax advisor can use to establish fair market value.

August 21, 2023

Your agent is the source of this information and based on their experience can help you with good decisions.

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July 15, 2023

Lack of availability is affecting our market.

July 13, 2023

Waiting for rates to come down could cost you big time!

July 12, 2023

Here are some tips to sell your home quicker!

July 4, 2023

The TEN steps to close your home!

July 3, 2023

Mukilteo waterfront is an incredible up-and-coming spot!

July 2, 2023

Good agents make it look easy!

July 1, 2023

Get familiar with any discounts that may be applicable to you.

June 30, 2023

Make sure your listing photos are appealing! Staging is an important part of marking a home.

June 29, 2023

Don't wait for interest rates to go down!

June 28, 2023

Contact me for a rent vs own calculation using your own figures.

June 27, 2023

When selling a home with a HELOC, the outstanding balance is paid from the proceeds together with your mortgage.

June 26, 2023

Let's connect for a no-obligation opportunity to find you the perfect home this year. Contact me for a complimentary home evaluation today!

What Happens After A Missed Mortgage Payment?

It's unlikely that you've intentionally come to a situation where you're missing a mortgage payment. You might have missed your due date accidentally, or you could be facing financial challenges.

There can be serious consequences that come with a missed mortgage payment, though.

If you're just a few days late, you can still make the payment. After just a few days late, it’s unlikely that it will negatively affect your credit score. Mortgage lenders usually have a 15-day grace period on late payments, but you might have to pay fees.

There's not necessarily anything wrong with making your payment within your grace period, but you want to ensure you're not cutting it so close that you run the risk of being late.

After you've gone past 30 days with your payment being late or you missed the payment altogether, your lender will report the late or missed payment to credit bureaus. This is inevitably going to lead to a drop in your score. Your payment history accounts for around 35% of your credit score, so it's a prominent factor.

If your payment goes past 45 days late, your lender will probably assign someone to your account to contact you about payment help. When you reach 60 days with the payment past-due, you'll likely have another late fee added, and your credit score will probably be affected again because the lender will report it as another late or missed payment.

The late fee on a home loan is usually applied to the principal and interest, with the amount of the fee depending on your loan.

After your payment is 90 days late, the lender is going to send a demand letter. This is a notice that your payments are late, and unless you make up for the missed ones and get current, the lender may start the proceedings for foreclosure.

If you don't notify your lender about your situation or talk to them about an arrangement before missing a payment, the situation can lead to foreclosure. The notice of default you might receive is considered the first stage of foreclosure, which doesn't mean the foreclosure is definite. If you get a notice of default, even with three or more missed payments, you might still be able to fix the situation with your lender.

It's usually once you've reached 120 days without a payment where a lender actually schedules a foreclosure sale.

Rather than missing a payment, if you can help at all, it's better to be proactive and contact your lender. Lenders are in favor of working with borrowers whenever possible because it's better for them than going through the foreclosure process.

The key takeaway is that having one late mortgage payment can seriously affect your credit score, especially if you have a high one currently. Additionally, you might end up with late fees, and after 90 days of delinquency on your mortgage, your lender will start the foreclosure process. Your credit will be more significantly impacted the longer you go without paying.

How Does The Prime Rate Affect Home Buyers?

If you're shopping for a new house or considering investing in real estate, you might have encountered the term prime rate. The prime rate impacts current mortgage rates and loans, and at its core, it's equal to the best interest rate at any given lender or financial institution that will be offered to the most creditworthy clients.

Basics of the Prime Rate
The prime rate is the mortgage rate that's the best possible that a lender will offer a borrower for any amount of money.

That said, the prime rate is typically unavailable to the everyday buyer or consumer.

Shifting the prime rates can also pressure interest rates charged on mortgages and other financial products like credit cards.

Usually, only corporations and institutions are actually eligible for the prime rate because they're seen as the lowest-risk clients for a financial lender.

The Federal Open Market Committee's federal funds rate determines the prime lending rate. The Fed funds rate is the rank banks use to lend money to each other, also known as the overnight rate.

A bank will typically use a combination of the federal funds rate plus three for determining the prime interest rate.

Applications of the Prime Interest Rate
While you might not get the prime rate, it's a benchmark for lenders. It's often described as an underlying index used to determine consumer rates and the costs of borrowing money through credit cards, mortgages, home equity loans, lines of credit, and more. If you apply for a financial product, the current prime rate will ultimately affect your rate.

It's like a starting point for lenders to set their rates and decide on the profit margin they'd like to see.

Another relevant term here is the mortgage margin in real estate. It's the difference between the index, the prime rate in this situation, and the interest rate charged on a loan. It's a percentage of the difference the lender charges for whatever they lend.

The rates are noted as the annual percentage rate (APR).

If you have an excellent credit history and score, your rate might be the prime plus 9% for a credit card. For example, if you had a lower score, it could be prime plus 15%.

Because the prime rate is used as a baseline by most banks, increases or decreases will lead to a fluctuation in adjustable-rate mortgage payments and new loan applications are also affected.

As of May 2023, the prime rate is 8.25%. It went up from the March rate of 8.00% to the February rate of 7.75%.

Throughout 2020 it was between 3-4%, and in 2022 it varied greatly. Early in 2022, it was around 3.5%, and by the end of the year, it went up to 7.50%.

Overall, the prime rate has been increasing since May 2022, around the same time the Fed started increasing interest rates to combat soaring inflation.

Institutions aren't required to raise prime rates following the actions of the Fed, but most banks and financial services providers note Fed changes and use them to justify their prime rates.

Along with changing based on the federal funds rate, other factors like loan demand and inflation can lead to changes in the prime rate.

As well as affecting an adjustable-rate mortgage, your interest rate could be based on your prime rate if you already have an existing home equity loan or line of credit. If the prime rate goes up, you might see increases in these loans' interest rates.

Unrelated to mortgages, if you have a credit card with a variable interest rate, it might be based on the prime rate. If the prime rate increases, your credit card interest rate may too. Fixed-rate loans or lines of credit aren't impacted if there's a change in the prime rate.

There's no limit on how much prime rates can rise, and while it can adjust at any time, it's usually only going to shift in any significant way when a benchmark is adjusted.

To sum up, a prime rate is geared toward corporate clients, but when it comes to real estate, it's like a barometer of what you might expect on mortgage interest rates and payments.

Buying A Property With Tenants: What To Know

When you decide to buy a home, it's not something you take lightly. There can also be numerous complications that arise as part of the process, especially if you buy a house that has tenants.

If you're buying a house as an investor, choosing one that already has tenants can be a win-win or an ideal situation, but if you're planning to use the home as your residence, it's different and can be inconvenient at a minimum.

Regardless of being in either situation, you should understand the implications for you as a buyer and potentially as a landlord.

If you buy a house, whether it's single or multi-family, and it has existing tenants, the rental income already being generated may help you get a loan if you're purchasing it as a rental.

You're buying someone else's home at this point, so the tenant has all the rights they were granted as part of their lease. You agree to take on these obligations as their landlord, so you want to ensure you fully understand all state and local laws before you jump into this situation.

Tenants' rights can vary a lot between states, and there are some states where the laws favor the tenant, and others favor the landlord. Buying a house in a state that favors tenants is doable but something to be aware of.

The most important individual thing you can research beforehand is the existing terms of the lease. The current owner and tenant more than likely signed a lease agreement, which at its core states the tenant can live there if they pay their rent.

You may be able to ask them to leave, dependent on your state and the terms of the agreement, but there’s also the potential that you can’t.

If you become a landlord, a lease guarantees the tenant has the right to live in a safe and healthy environment. If you decide to take it on, you'll have to keep that up as the new owner of the property.

Along with inheriting the lease terms, you'll also have to adhere to whatever the other landlord obligations are in your state, such as complying with building and health codes, ensuring the systems are functioning properly, and responding to repairs promptly.

As a buyer, one particular risk you could face with a tenant-occupied property is that it might not be up to code currently. You could be liable if the past owner didn't maintain the home properly.

The pros of buying a property occupied by tenants, if you're going to be a landlord, include that you don't have to find them and you have a source of immediate rental income.

The cons are the legal risks you're inheriting, the fact that you have to honor the lease terms, and the fact that it can be tricky to remove a tenant.

Property rights attach to a property rather than an owner, so again, if you become the new homeowner, you still have to honor whatever the lease terms are.

If you're buying a house with tenants but hope to live there, you can't use that as your sole reason to remove them. You have to wait until the lease comes to an end, and from there, you have to ensure you're compliant with laws that require you to notify tenants you won't be renewing their lease.

Eviction of a tenant is expensive and tough to do.

If you plan to buy a home to live there, it's almost always best to avoid choosing one with current tenants.

The exception might be if you include terms in your purchase contract with the current owner that require them to end the lease before you close the sale. They'd have to have a lease allowing them to do so, or they'd have to incentivize the tenants to leave. Some states can use a move-in eviction, allowing property owners to retake possession of a tenant-occupied home if they're going to live there.

The best thing to do when you're buying a property or thinking about it, especially with tenants, is to research and understand your potential legal responsibilities and liabilities. Tenants can be valuable if you're buying a multi-family property or one you plan to rent. When buying a home you plan to live in, avoiding homes with tenants is optimal.