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4 Great Reasons to Buy Your Home NOW!

11/22/2014

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Here are four great reasons to consider buying a home today instead of waiting.
1. Prices Will Continue to Rise
     The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts.   Their most recent report released recently projects appreciation in home values over the next five years to be between 11.2% (most pessimistic) and 27.8% (most optimistic).
     The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase
     Although Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have softened recently, most experts predict that they will begin to rise later this year. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison projecting that rates will be up almost a full percentage point by the end of next year.
     An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.
3. Either Way You are Paying a Mortgage
     As a recent paper from the Joint Center for Housing Studies at Harvard University explains:
“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”
4. It’s Time to Move On with Your Life
     The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.
     But, what if they were not rising?  Does it really make sense to wait?
Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe it is time to buy.
     If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.



A Realty World ALL STARS Agent is experienced, well-trained, and a sharp negotiator. Put one on your team.
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17 Reasons to Own A Home

11/14/2014

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1 Great Reason to Hire an ALL STARS Professional

11/13/2014

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6 Reasons to hire a REALTOR PROFESSIONAL

Whether you are buying or selling a home, it can be quite an adventurous journey. You need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.
The 5 Reasons You NEED a Real Estate Professional in your corner have not changed, but have rather been strengthened due to the projections of higher mortgage interest rates and home prices as the market continues to recover.

1. What do you do with all this paperwork?

Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true Real Estate Professional is an expert in their market and can guide you through the stacks of paperwork necessary to make your dream a reality.

2. Ok, so you found your dream house, now what?

According to the Orlando Regional REALTOR Association, there are over 230 possible actions that need to take place during every successful real estate transaction. You want someone who has been there before, who knows what these actions are to make sure that you acquire your dream,

3. Are you a good negotiator?

So maybe you are not convinced that you need an agent to sell your home. However, after looking at the list of parties that you need to be prepared to negotiate with, you will realize the value in selecting a Real Estate Professional. From the buyer (who wants the best deal possible), to the home inspection companies, to the appraiser, there are at least 11 different people that you will have to be knowledgeable with and answer to, during the process.

4. What is the home you are buying/selling really worth?

It is important for your home to be priced correctly from the start to attract the right buyers and shorten the time that it is on the market. You need someone who is not emotionally connected to your home to give you the truth as to your homes value. According to the National Association of REALTORS, “the typical FSBO home sold for $184,000 compared to $230,000 among agent-assisted home sales.” Get the most out of your transaction by hiring a professional.


5. Do you know what is really going on in the market?

There is so much information out there on the news and the internet about home sales, prices, mortgage rates; how do you know what is going on specifically in your area? Who do you turn to in order to competitively price your home correctly at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a low-ball offer?

Dave Ramsey, the financial guru and radio personality advises:

“When getting help with money, whether it is insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”
Hiring an agent who has their finger on the pulse of the market will make your buying/selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

6, Bottom Line:


You would not replace the engine in your car without a trusted mechanic. Why would you make one of your most important financial decisions of your life without hiring a Real Estate Professional?

KMC
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    Karla & Joe

    We're the owners of Realty World ALL STARS and we play an active, hands-on  role in the operation of our company. We'll be glad to help you find the right agent to assist you in your real estate needs.Feel free to call us direct or send us a message.

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