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Monday, September 10, 2018   /   by Carlyn Voges

4 Reasons Why Fall Is A Great Time to Buy A Home!

Here are four great reasons to consider buying a home today instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latest Home Price Insights report reveals that home prices have appreciated by 6.2% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.1% over the next year.
Home values will continue to appreciate for years. Waiting no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase
Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have already increased by half of a percentage point, to around 4.5% in 2018. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison, projecting that rates will increase by half a percentage point to around 5.1% by this time next year.
An increa ...

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  real estate, homeownership, realtors, equity, rent, interest rates, pre approval, saving money

Wednesday, August 29, 2018   /   by Carlyn Voges

Buying a New House: Tips for a Successful Viewing

A home is arguably the biggest purchase you're ever going to make. It's important to make sure that you don't end up regretting your investment. Unfortunately, a lot of buyers - particularly those who are looking for a home for the first time, are so eager to start their ascent up the property ladder, that they forget to check the things that could act as red-flags for a problematic new house.


While the right realtor can help to steer you towards the property that's best for you, it's also worth approaching your viewings with a list of things to look for, so that you feel totally prepared to go in with your eyes wide open. Here are just some of our best tips for a successful viewing every time.
1.     Start by Looking Online


If you want to get a good idea of what's available in your area, then the internet is a great place to start. Browsing the featured listings on a reputable website will allow you to check out some features before you go for a viewing. ...

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Tuesday, August 21, 2018   /   by Carlyn Voges

5 Real Estate Reality TV Myths Explained

Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all in one sitting.
When you’re in the middle of your real estate themed show marathon, you might start to think that everything you see on TV must be how it works in real life, but you may need a reality check.
Reality TV Show Myths vs. Real Life:
Myth #1: Buyers look at 3 homes and decide to purchase one of them.Truth: There may be buyers who fall in love and buy the first home they see, but according to the National Association of Realtors the average homebuyer tours 10 homes as a part of their search.  
Myth #2: The houses the buyers are touring are still for sale.Truth: Everything is staged for TV. Many of the ...

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Monday, August 20, 2018   /   by Carlyn Voges

The Cost of Waiting: Interest Rates Edition

Some Highlights:

Interest rates are projected to increase steadily heading into 2019




The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.




Rates are still low right now – don’t wait until they hit 5% to start searching for your dream home!

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Monday, August 6, 2018   /   by Carlyn Voges

Millionaire to Millennials: Owning Your Home Can Help You Retire Sooner!

In a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.”
Bach suggests that homebuyers should, “Take out a 30-year mortgage, but with the intention of paying it off in 25, 20 or ideally, 15 years.”
How does he suggest you do this? Here’s the secret:

“…If you were paying $1,000 a month, now you’re going to make $1,100 payments every month. Inform the bank that you are doing this and that you want the extra $100 a month to be applied to the principal (not the interest).”

What will happen to your mortgage?
Bach explains that, “If you keep this up, you’ll wind up paying off your 30-year mortgage in about 25 years. Increase your monthly payment by 20 percent, and you’ll have that mortgage retired in about 22 years.”
Bottom ...

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