Nov. 13, 2019

2605 T Street - JUST LISTED!

Posted in Listings
Nov. 11, 2019

3 Reasons Why It Makes More Sense for You to Buy



There are three main reasons why you’re better off buying instead of renting. 

Selling a home? Click here to get a home value report.
Looking to buy a home? Click here to search all homes.

 

If you’re debating whether you should become a homeowner or not, here are three reasons why it makes more sense to buy instead of rent:

 

3. You can build wealth. At the end of the day, you’ll either pay your landlord’s mortgage or your own. Paying your mortgage is a key principle of building your own wealth over time. 

 

2. You can enjoy tax deductions. There are several you can take advantage of, including the mortgage insurance tax, property tax, and the interest on the mortgage itself. These deductions go a long way in reducing your taxable income and saving money in the long term. 

 

1. You gain leverage. For example, if you bought a $300,000 home with a 5% mortgage, your down payment would be $15,000. If that same home appreciated by 5% year over year—a reasonable level of appreciation in a normal market—it would be worth $15,000 more in just a year. This would give you a 100% return on investment. There aren’t many other places where you can receive a 100% return on investment, which is what makes leverage a powerful investing principal. 

 

Obviously, everyone’s situation is different, so if you’d like to talk more about this topic or you have any other real estate needs I can take care of, don’t hesitate to reach out to me. I’d love to speak with you. 

Posted in Buyer Tips, Seller Tips
Oct. 31, 2019

Just Listed! 494 Garden Street

Posted in Listings
Oct. 28, 2019

How to Buy a Home When You’re Also Selling: Part 2




Looking to buy your next home while selling your current one? In today’s video, which is the second half of a two-part conversation on the subject, we’ll share how this can be done.

Selling a home? Click here to get a home value report.
Looking to buy a home? Click here to search all homes.

 

Welcome back to our two-part series on how to buy a home when you’ve also got one to sell. If you happened to miss the first half of this discussion, during which we went over the preparatory steps of this kind of move, feel free to watch part one here.

Otherwise, if you’re all caught up, let’s dive right in.

After you’ve taken the steps we covered in the first part of this series, it’s time to list your home and begin your home search. Or, if you’ve already begun looking for a home, it’s time to ramp things up. When you work with our team, we make this easy by implementing our unique marketing strategies, scouring the market for the best possible buyers, and helping you find your future home.

 


Our team would be happy to help facilitate your transition so that it is as seamless as possible.


 

Shortly after this point, the time will come for you to accept an offer and go under contract. We may need to negotiate contingencies into the purchase agreement that will allow you time to execute your home purchase, but this is something that can be easily achieved. At this same point in the process, you should also submit an offer on your next home. 

Assuming all goes as planned, the final steps before you move in are to go through one last round of negotiations and then, of course, to close. Ideally, negotiations and closing for both deals should happen at the same time. Our team would be happy to help facilitate your transition so that it is as seamless as possible. 

If you have any other questions or would like more information about how we can coordinate your buying and selling experiences, please give us a call or send us an email. We look forward to hearing from you soon.

 

Posted in Buyer Tips, Seller Tips
Oct. 22, 2019

Everything You Need to Know about Title & Escrow

 

A title and escrow team are crucial parties to any real estate transaction, whether you're buying or selling a home. However, they are often undervalued, since they often work behind the scenes. Title and escrow serve some very important purposes in every purchase and sale, including neutral, third-party protection, insurance, coordination, and more. We brought in local expert Natalie Dudding of Chicago Title to answer some of the basic questions most people have about title and escrow. Watch the video to hear all the great info she has to share!

Posted in Live Interviews
Oct. 7, 2019

Need to Sell Before You Can Buy? Take These Steps




If you’re in the market to buy a home but also have a home to sell, what can you do? Today, I’ll begin to lay out the steps for you.

Selling a home? Click here to get a home value report.
Looking to buy a home? Click here to search all homes.

 

For the purposes of today’s topic, I’m going to make a couple of assumptions: One, that you must sell your home in order to buy a new home, and two, that you haven't yet found a new home to buy.

The first step in this particular process is the consultation.

This is a very important step that addresses two things. First, it addresses the home you need to sell. How can you ensure that it gets sold? What are the necessary improvements to be made that will help sell you sell more efficiently? How much can you expect to net when it does finally sell?


This portion of the process can take as little as a few days or up to a few months, depending on how much work your home will require.



Secondly, during the consultation,
we’ll simultaneously help you prepare your home for the market and finalize the pre-approval process. It’s important to take extra care when preparing your home—do some staging, spruce up your landscape, and make other improvements as needed to get you the highest possible price. This portion of the process can take as little as a few days or up to a few months, depending on how much work your home will require.

Please stay tuned to my blog so that you won’t miss the next steps of the process. In the meantime, if you have any questions, please feel free to reach out to me. I hope to hear from you soon!

Posted in Pro Tips
Sept. 25, 2019

5726 Honor Parkway - SALE PENDING!

Posted in Listings
Sept. 19, 2019

The 3 Most Common Questions I Get About Financing



Buying a home naturally brings a lot of questions with it. I’m here today to answer three of the most common ones that I hear.

Selling a home? Click here to get a home value report.
Looking to buy a home? Click here to search all homes.

 

Today I’m going to answer the three most common questions I get about home financing:

1. Where are interest rates? Right now, they’re crazy low, near 4%. We’ve recently had some buyers lock in rates at 3.75% and 3.5%. Even if they jump up to 4.5%, that’s still a historic low.

2. How much money do I need to put down in order to buy a home? You might be surprised to know that you can buy a home with just 3% or 3.5% down. You can go up to as much as 20% or 25% if you have the cash to do so, as this will result in a lower mortgage interest rate.

3. Should I use a first-time homebuyer loan program? The answer really depends on your level of qualification. If you don’t have a perfect credit score right now or don’t quite have enough cash on hand for a down payment, this program could be beneficial to you. However, if you have some cash on hand and a higher credit score, a low down payment conventional home mortgage can be more beneficial to you. It all depends on your specific situation.

If you'd like me to answer these questions in a way that's more tailored to your situation or if you have any additional questions about home financing, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.

Posted in Buyer Tips
Sept. 4, 2019

The Truth Behind 3 Common Recession Myths

Here are three prominent recession myths and the truth behind them.

Selling a home? Click here to get a home value report.
Looking to buy a home? Click here to search all homes.

 

If you’re afraid that an impending recession will disrupt your real estate goals, here are a few recession myths you shouldn’t believe. 

Myth #1: A recession equals a housing crisis. 

The true definition of a recession is when GDP growth slows or shrinks over two consecutive quarters, and a GDP slowdown doesn’t necessarily have anything to do with the housing market or home prices. 

Myth #2: Any recession will resemble the 2008 recession. 

When it comes to the 2008 recession, real estate was its No. 1 trigger, and conditions were made worse by the toxic mortgage market that existed at the time. Recently though, top economists surveyed by The Wall Street Journal listed our trade war and stock market volatility as the top two triggers of any future recession. The housing market ranked as the ninth-highest trigger on that list. This shows you how much confidence economists and investors have in our market compared to 2008.

Myth #3: Home prices can’t appreciate during a recession.

As you can see at 2:01 in the video above, during three of the last five recessions, home prices did, in fact, appreciate. And during two of those recessions, the appreciation rate more than doubled the national average. 

So what does this mean for buyers and sellers? If you’re a buyer (or someone who currently rents), don’t let fear overcome you and make your decisions for you. Pay close attention to our low interest rates and the opportunities that exist in the more affordable markets. Make the necessary sacrifices to get into the market and let time do the heavy lifting for you. 


Make the necessary sacrifices to get into the market and let time do the heavy lifting for you.



If you’re a seller—especially one who’s looking to upsize or move to a better area—pay careful attention to interest rates and the inventory in your neighborhood and price range. Changes in any one of those factors will change the demand for your home. 

If you have any more questions about our market or you have any other real estate needs I can take care of, don’t hesitate to reach out to me. I’d love to help you. 

Posted in Pro Tips
Aug. 15, 2019

871 Prather Court - Sale Pending!

Posted in Listings