As the weekend approaches I am sure that you are just wondering what in the world you can do to fill the time...I was just teasing one of my friends and telling her that for Realtors, Fridays are our Mondays. This is the time when everyone has off work and is gearing up to go out and fervently look for homes before the tax credit expires. Well, that is certainly a great way to spend time and if you have waited until the last minute, there are some of us out there that will certainly make time to find you the perfect home! Just give me a call, text or email and we can carve out some personal time for you.
On another note, there are some great events taking place this weekend, in and around town that might interest you. As always during the Spring, downtown Kernersville will host the Music and Mingle at The Factory. Tonight features guitarist Adam Turner, who teachs at Love That Music, where my daughter takes guitar. I have heard only excellent things about his skills. Those in attendance can take advantage of the lovely weather, enjoy the shops, which will be open, grab a glass of wine or beer from Shakespeare and Co. or just hang with friends while winding down the week. All excellent options for a Friday!
Tomorrow morning, for those of us looking to have a little Saturday morning pick-me-up, there will be a charity 5k Walk/Run for Debbie Varner. Debbie is a fellow Realtor who works at Prudential in Kville. She is a mother of three and has been battling cancer for quite some time. Registration begins at 8:30 at the Kernersville YMCA and is $20 for an individual and $25 for a family. What a great way to help one of our fellow neighbors in need, while getting some much needed exercise. Maddie and I are both participating...this will be her first 5k and my first event with her! Exciting!
Also, tomorrow night Korner's Folly is the annual Wine Tasting event. Always a fun time to get together with Folly supporters and out of towners, this event has grown a TON since it's inception several years ago. Lots of North Carolina wineries will be featuring their selections and there will also be food provided as well as live music. Information and ticket prices can be found on the Folly website.
So, there you have it...If you aren't viewing real estate, which I will happily doing for a large part of the weekend--then maybe I will see you at one of the many community events that are being offered this weekend! Cheers!
Friday, April 23, 2010
Monday, April 19, 2010
Celebrating Successes...
This year Allen Tate and Brooke Cashion and Associates had numerous successes. Despite a difficult national real estate market, our local market spoke for itself and we capitalized on the movement of buyers and sellers in and out of the Triad. Here are just a few of the things that we can be thankful for:
*Enhancement and diversification of our media branding strategy, including beefed up online advertising, electronic billboards, mapping features, social media marketing and more
*Contributed over $370,000 to United Way for cultural initiatives and public education--all staying within our local communities
*Recorded more that 25 million property details and page views on allentate.com
*Recorded over 2500 hits per month on brookecashion.com
*Exposed our listing inventory locally, regionally, nationally and internationally via more than 6,000 websites!!
*Introduced Tate Chat, a live chat feature which allows consumers to communicate in real time online conversations with client-care reps
*Introduced Job-Loss Protection and Rate-Relief programs in order to build consumer confidence and inevitability sell more homes
*Implemented the Allen Tate Short Sale Program to help homeowners avoid foreclosure
*Maintained weekly updates to our clients via text messaging, e-newsletters and activity emails
*Maintained yearly volume for Brooke Cashion and Associates even in a "down" market
*Hired an assistant and a full-time buyers agent for Brooke Cashion and Associates
*Implemented video tours of listings for sharing on Facebook, Twitter, my blog and more...
*Continually brainstorming about how to make your real estate experience the best it can possibly be...if you have a suggestion or idea, please let us know.
Brooke Cashion and Associates
336.817.3598
www.BrookeCashion.com
www.kernersvillekorner.blogspot.com
brooke.cashion@allentate.com
*Enhancement and diversification of our media branding strategy, including beefed up online advertising, electronic billboards, mapping features, social media marketing and more
*Contributed over $370,000 to United Way for cultural initiatives and public education--all staying within our local communities
*Recorded more that 25 million property details and page views on allentate.com
*Recorded over 2500 hits per month on brookecashion.com
*Exposed our listing inventory locally, regionally, nationally and internationally via more than 6,000 websites!!
*Introduced Tate Chat, a live chat feature which allows consumers to communicate in real time online conversations with client-care reps
*Introduced Job-Loss Protection and Rate-Relief programs in order to build consumer confidence and inevitability sell more homes
*Implemented the Allen Tate Short Sale Program to help homeowners avoid foreclosure
*Maintained weekly updates to our clients via text messaging, e-newsletters and activity emails
*Maintained yearly volume for Brooke Cashion and Associates even in a "down" market
*Hired an assistant and a full-time buyers agent for Brooke Cashion and Associates
*Implemented video tours of listings for sharing on Facebook, Twitter, my blog and more...
*Continually brainstorming about how to make your real estate experience the best it can possibly be...if you have a suggestion or idea, please let us know.
Brooke Cashion and Associates
336.817.3598
www.BrookeCashion.com
www.kernersvillekorner.blogspot.com
brooke.cashion@allentate.com
Animoto Video Tour of 1140 Ziglar--OPEN HOUSE THIS SUNDAY the 25th from 2-4
Great video tour of this fabulous listing in Winston-Salem! Acreage plus pond! 3bd/2ba--Only $125,000! Check it out and let me know what you think!
Ziglar Road
Ziglar Road
Saturday, April 17, 2010
Tax Credit Leaving You High and Dry?? Certainly Not the Only Reason to Buy! (or sell)
Approximately two weeks left in the first-time buyer and move-up buyer tax credit period. For those of you still looking to take advantage of the credit, you must have a completely executed contract by April 30 and be able to close no later than June 30.
However, if you are not one of the select few to have your home under contract by the deadline in order to get your $6500, don't despair...there are still great reasons to keep your home on the market, sell your home and purchase a new one!
Rates are still low. Regardless of how familiar we have gotten with historically low rates, this is set to change. The federal government has put a halt on purchasing mortgage-backed securities meaning that banks will start charging more to lend money-resulting in that higher rate.
A small change such as a 1/2 to 1% can easily eat up the tax credit advantage. I have blogged previously about the actual numbers (see archives), but 1% can change your payment as much as a price decrease of 10% can. What does that mean to sellers who need to sell in order to buy?
Price your home not just competitively but make it compelling. Get a secured contract in hand while you can still take advantage of low interest rates, inventory selection and prices that have been whittled away over the course of the past year. You may take a hit on the front side however, if you ever see yourself needing more space, a better location, easier maintenance or the like, NOW IS THE TIME!!
It is my opinion that the momentum of the credit has peaked and most folks who are going take advantage of the credit have made efforts to do so, but that means opportunity for others. Our housing market won't be confined by governmental whims and incentives but rather in true market supplies and demands. Once the dust settles we are going to have a very good idea of where our local market stands and I think those that took advantage of historical real estate situations will certainly be pleased with themselves in years to come--especially in the Triad!
Feel free to call me or email me to discuss your personal real estate situation!
www.BrookeCashion.com
brooke.cashion@allentate.com
336-817-3598
However, if you are not one of the select few to have your home under contract by the deadline in order to get your $6500, don't despair...there are still great reasons to keep your home on the market, sell your home and purchase a new one!
Rates are still low. Regardless of how familiar we have gotten with historically low rates, this is set to change. The federal government has put a halt on purchasing mortgage-backed securities meaning that banks will start charging more to lend money-resulting in that higher rate.
A small change such as a 1/2 to 1% can easily eat up the tax credit advantage. I have blogged previously about the actual numbers (see archives), but 1% can change your payment as much as a price decrease of 10% can. What does that mean to sellers who need to sell in order to buy?
Price your home not just competitively but make it compelling. Get a secured contract in hand while you can still take advantage of low interest rates, inventory selection and prices that have been whittled away over the course of the past year. You may take a hit on the front side however, if you ever see yourself needing more space, a better location, easier maintenance or the like, NOW IS THE TIME!!
It is my opinion that the momentum of the credit has peaked and most folks who are going take advantage of the credit have made efforts to do so, but that means opportunity for others. Our housing market won't be confined by governmental whims and incentives but rather in true market supplies and demands. Once the dust settles we are going to have a very good idea of where our local market stands and I think those that took advantage of historical real estate situations will certainly be pleased with themselves in years to come--especially in the Triad!
Feel free to call me or email me to discuss your personal real estate situation!
www.BrookeCashion.com
brooke.cashion@allentate.com
336-817-3598
Tuesday, April 13, 2010
Realtor.com Social Networking and New Addition to Team
Another piece of exposure for listings nationwide! 7 million buyers searching on Realtor.com can share your home with folks on their social networks...Get Involved and Start Sharing!
Remember you can always become a fan of Brooke Cashion and Associates and also have the ability to view and share listings, real estate blog posts and much more!
**NEWS CORNER**
We welcome Dawna to Brooke Cashion and Associates as administrative support! Dawna is going to help this train keeping moving forward...we look forward to having your on our team!
As always, keep in mind that we want you to contact Brooke Cashion and Associates for ALL of your real estate needs! Whether you are remodeling, refinancing, landscaping or any investment in your home...call or email us first OR post a question on Facebook...allow us to consult you before making changes that could permanently effect your home's value.
Happy House Hunting!
Brooke
Thursday, April 01, 2010
No Need to Sell First to Get Tax Credit...
For those of you out there with homes on the market, keep in mind that you do not have to sell before buying your "move-up" home and realizing your $6500 tax credit. As time grows near to have a property under contract, you can certainly consider other options for your current home such as renting or lease/purchasing. Now, the kicker is that you may have to show a lease or income before being able to qualify for the loan on your second home and you may not feel comfortable paying two mortgages. All of this hinges on your personal financial situation and how comfortable you feel. According to an article on RISMedia they say the following about the "move-up" credit.
A home buyer does not need to sell their current home in order to be eligible for the repeat buyer credit. They can continue to own both homes and rent or use their former home for something else, as it no longer serves as their principal residence. The taxpayer is required to use the new home as their principal residence, and live in it for at least 36 months or they will have to repay the credit.
Certainly something to consider as time approaches for the credits to end. If you have any questions about your personal tax situation, remember to consult your tax advisor. Should you have questions about your personal real estate situation, remember to consult your local Realtor, Brooke Cashion.
Happy Easter!
A home buyer does not need to sell their current home in order to be eligible for the repeat buyer credit. They can continue to own both homes and rent or use their former home for something else, as it no longer serves as their principal residence. The taxpayer is required to use the new home as their principal residence, and live in it for at least 36 months or they will have to repay the credit.
Certainly something to consider as time approaches for the credits to end. If you have any questions about your personal tax situation, remember to consult your tax advisor. Should you have questions about your personal real estate situation, remember to consult your local Realtor, Brooke Cashion.
Happy Easter!
Wednesday, March 24, 2010
Burning the Candle at Both Ends...
1140 Ziglar Road-Winston-Salem Acreage, 3bd/2ba cottage on large fishing pond! $135,000
It's been a few days since I last posted and at that point I was trying to put something out there that was a little lighter...I think I did, heck, I don't even recall what the last post was on! And that, my friend, is exactly my point...things have been wild here, which is good, but crazy!
Real estate in our area has definitely gotten legs under it. As a company and as an individual agent we are up significantly in number of new listings. Personally, I have several new buyers, some being relocated to the area with their jobs or with the hospital. I also am fortunate to be working with several referred buyers and just wrapped up helping some dear friends of mine, sell their home in Lewisville and purchase another. So, yes, juggling soccer, school, Spring Break, dinners, church, running AND fitting in 70-80 hour work weeks can be challenging BUT fun and rewarding at the same time!
Because of all of the new listings, if your home is currently on the market NOW is the time to get the price right and the condition impeccable. I have viewed so many homes in the past few weeks and cannot believe that the little stuff such as clean windows, counters, floors, fixtures are not taken care of prior to listing the home. Some of the homes we have seen smell like pets, have huge stains in the carpet, fingerprints on the wall, crust from who-knows-what on the counters and excuses for landscaping that would make Olmstead turn over in his grave! Now your home doesn't have to look like Biltmore, but by God, cleanliness goes a long way my friend!
Beyond what should be obvious items to tackle prior to listing your home, getting the rest of the home in impeccable condition is paramount. Yes, I know you are moving and why didn't you do this years ago so that you could enjoy it? Can't answer that one for you! Take care of trim that is rotting or needs to be painted, replace/repair your front door, patch holes, paint ceilings if there are stains (and the stains have been repaired), de-clutter and clean out, replace light bulbs, put out fresh flowers, am I starting to hit a nerve?
I hope not because now more than ever getting the highest and best price for your home means being ready for this wide-open race we call "real estate" right out of the gate! Be the shiniest apple in the bunch AT THE BEST PRICE! It's not good enough any longer to be competitive, you must be compelling!
So join me in capitalizing on this upswing in our market by getting your home in tip-top shape and enjoying this beautiful weather...burn on my real estate friends, not out!
Brooke
Tuesday, March 16, 2010
Springing Forward...
As I drove through Buena Vista this morning coming from a closing...I looked around and was overwhelmed at how many trees and shrubs were pushing blooms towards the overcast sky. The grass seemed greener than usual and flowers, such as jonquils and crocus were popping through freshly laid pine straw. Then it dawned on me...my yard doesn't look like this, heck, no yard around me looks like this. Could it be that the affluent also enjoy the unique privilege of enjoying Spring a little earlier than the rest of us?
Another testament to the benefits of properly landscaped and manicured yards...hmmm...guess I'll detour through Buena Vista when I need a pick-me-up until Spring officially arrives at my home or maybe I'll just spring for some new pine straw and create my own little slice of heaven!
Another testament to the benefits of properly landscaped and manicured yards...hmmm...guess I'll detour through Buena Vista when I need a pick-me-up until Spring officially arrives at my home or maybe I'll just spring for some new pine straw and create my own little slice of heaven!
Tuesday, March 09, 2010
Running from Something?
Ok, I've done it AGAIN...I'm a runner!?
For any of you who really know me, you know that last year, about this time I started running/walking/training for a 5k. Never been a runner, never wanted to be a runner, however, this is an item on my "bucket list" and I decided before I get too awfully old I need to cross this one off! During the course of training last year, I subscribed to a training plan called "From Couch to 5k"...it is an incremental plan that can be found online that gives daily training guidelines in order to work you up to being able to run successfully (which means FINISH) in a 5k. I made it last year up to about 3 weeks before the big 4th of July race in Kernersville, when I came down with a nasty respiratory virus/fever which kept me from exercising for almost 3 more weeks...then my grandmother passed away and there went the summer and all of my momentum and enthusiasm was sucked away like the last slurp of a frosty margarita. Done, finis, never to be picked up again? Not so...I am back with a vengeance and beginning week 4!
This year, I have started earlier, eating better and sticking with the plan like toothpaste on a sink...only 3 weeks left until the Kernersville 5k on March 27th! The runs are easier this year and I have fortunately had a running partner and a supportive husband which makes it more pleasurable. I now find myself pushing an extra minute or to the next stop sign rather than just doing the minimum...what does that mean? Am I a runner again? That's yet to be seen...however, when I received an email from a college roomie of mine asking me to do a half marathon in November, I didn't laugh it off immediately, I actually gave it a second thought...Am I crazy? Nah...just a runner!
For any of you who really know me, you know that last year, about this time I started running/walking/training for a 5k. Never been a runner, never wanted to be a runner, however, this is an item on my "bucket list" and I decided before I get too awfully old I need to cross this one off! During the course of training last year, I subscribed to a training plan called "From Couch to 5k"...it is an incremental plan that can be found online that gives daily training guidelines in order to work you up to being able to run successfully (which means FINISH) in a 5k. I made it last year up to about 3 weeks before the big 4th of July race in Kernersville, when I came down with a nasty respiratory virus/fever which kept me from exercising for almost 3 more weeks...then my grandmother passed away and there went the summer and all of my momentum and enthusiasm was sucked away like the last slurp of a frosty margarita. Done, finis, never to be picked up again? Not so...I am back with a vengeance and beginning week 4!
This year, I have started earlier, eating better and sticking with the plan like toothpaste on a sink...only 3 weeks left until the Kernersville 5k on March 27th! The runs are easier this year and I have fortunately had a running partner and a supportive husband which makes it more pleasurable. I now find myself pushing an extra minute or to the next stop sign rather than just doing the minimum...what does that mean? Am I a runner again? That's yet to be seen...however, when I received an email from a college roomie of mine asking me to do a half marathon in November, I didn't laugh it off immediately, I actually gave it a second thought...Am I crazy? Nah...just a runner!
Tuesday, February 23, 2010
When Details Matter...
I had lunch today with a former client and a dear friend of mine who is considering a career in real estate. I look forward to continuing our conversation as she works step by step to obtain her real estate license and moves into the position of "trusted advisor" and Realtor.
As we were discussing opportunity and risk, the conversation took an interesting turn as she was filling me in on details of a friend of hers that is in the market for a home. She gave me their information and let me know that they would be contacting me in order to start the home-buying process. We would work in this fashion until she obtains her license and is able to help them if they haven't found the "perfect house" by that time.
She started talking about why she told them that they should work with me, and I have to admit I have never seen it from the outside in quite like she was discribing. Keep in mind this person had just sold and bought a home with me this year, wants to work with our group of associates and is now referring me a friend! Wow! My ego was really getting inflated! The points she made regarding my service and what I could offer her friends buying a home were these...
*Anticipation of problems before they arise "nipping it in the bud" , "worst case scenario" and then "most likely case scenario".
*Taking time to find the right house for a buyer...because of my experience and established clientele, having the patience and resources to spend the necessary time finding a home that works, rather than "pushing" someone into something that doesn't.
*Understanding the marketplace...what it means to understand home values, future development and growth areas and what homes meet varying and ever-changing governmental guidelines.
*Team of Experts...working with the right partners in lending, inspections, attorneys to make the deal go smoothly and knowing that everyone working on the deal is working together to get the job done right the first time!
*Having a system to take care of the details...I admit...I am a little OCD when it comes to my system of business practice...everything is filed, categorized and noted so that we can refer back to previous conversations, provide documentation and make sure that your interests are taken care of...
All of this works to make my clients' real estate experience the best it can be and I love her for taking the time to tell me WHY she trusts my advice! So on that note, I'll refer back to one of my previous marketing mantras and thank my friend for helping me to revive...
"WHEN DETAILS MATTER....EXPERIENCE COUNTS!"
Happy House Hunting!
Brooke
As we were discussing opportunity and risk, the conversation took an interesting turn as she was filling me in on details of a friend of hers that is in the market for a home. She gave me their information and let me know that they would be contacting me in order to start the home-buying process. We would work in this fashion until she obtains her license and is able to help them if they haven't found the "perfect house" by that time.
She started talking about why she told them that they should work with me, and I have to admit I have never seen it from the outside in quite like she was discribing. Keep in mind this person had just sold and bought a home with me this year, wants to work with our group of associates and is now referring me a friend! Wow! My ego was really getting inflated! The points she made regarding my service and what I could offer her friends buying a home were these...
*Anticipation of problems before they arise "nipping it in the bud" , "worst case scenario" and then "most likely case scenario".
*Taking time to find the right house for a buyer...because of my experience and established clientele, having the patience and resources to spend the necessary time finding a home that works, rather than "pushing" someone into something that doesn't.
*Understanding the marketplace...what it means to understand home values, future development and growth areas and what homes meet varying and ever-changing governmental guidelines.
*Team of Experts...working with the right partners in lending, inspections, attorneys to make the deal go smoothly and knowing that everyone working on the deal is working together to get the job done right the first time!
*Having a system to take care of the details...I admit...I am a little OCD when it comes to my system of business practice...everything is filed, categorized and noted so that we can refer back to previous conversations, provide documentation and make sure that your interests are taken care of...
All of this works to make my clients' real estate experience the best it can be and I love her for taking the time to tell me WHY she trusts my advice! So on that note, I'll refer back to one of my previous marketing mantras and thank my friend for helping me to revive...
"WHEN DETAILS MATTER....EXPERIENCE COUNTS!"
Happy House Hunting!
Brooke
Monday, February 22, 2010
Wesley--Film Review...
I haven't posted "cultural" events in a while, so I thought I would give it a whirl.
Last night, we attended Wesley, with another couple from our church. I had been hearing bits and pieces about the film since it debuted several months ago at the NC School of the Arts. The film was produced here in North Carolina, more specifically, the majority of it was shot locally. Easy to recognize places such as Old Salem, Salem Lake, etc. unfortunately make it one of the main highlights of this production. Understanding that budgets are limited in ventures such as this, small adjustments could have been made to authenticate some of the scenes.
The story was intriguing and I found it very interesting that John Wesley struggled so hard with his own faith prior to finding a place in his heart to "preach to the masses." I also enjoyed the storyline interlacing with the Moravians as his personal religious beliefs were tested and adjusted. Local faces made this production all the better! Kernersvillian Richard "Dick" Stromehieher made a lengthy appearance as a close-minded minister in the Church of England. For those of you who enjoy him in Kernersville Little Theater, it makes it worth viewing!
My favorite part of the evening, excepting the company, was the venue of this film. The newly opened A/perture in downtown Winston-Salem, located directly across from Mellow Mushroom at 311 Fourth Street. Trendy and bright, as well as intimate and artsy, is exactly what Winston has been needing in order to showcase some of the independents that don't appeal to the mass audience. Each auditorium seats 80, the seats are comfortable and the area clean. The concession area, though I did not purchase anything, featured beer and wine, cupcake cups, cake balls, popcorn and traditional movie fare.
Take the time, grab dinner downtown and enjoy a film "indy"-style...if you hurry, you may catch Wesley!
Last night, we attended Wesley, with another couple from our church. I had been hearing bits and pieces about the film since it debuted several months ago at the NC School of the Arts. The film was produced here in North Carolina, more specifically, the majority of it was shot locally. Easy to recognize places such as Old Salem, Salem Lake, etc. unfortunately make it one of the main highlights of this production. Understanding that budgets are limited in ventures such as this, small adjustments could have been made to authenticate some of the scenes.
The story was intriguing and I found it very interesting that John Wesley struggled so hard with his own faith prior to finding a place in his heart to "preach to the masses." I also enjoyed the storyline interlacing with the Moravians as his personal religious beliefs were tested and adjusted. Local faces made this production all the better! Kernersvillian Richard "Dick" Stromehieher made a lengthy appearance as a close-minded minister in the Church of England. For those of you who enjoy him in Kernersville Little Theater, it makes it worth viewing!
My favorite part of the evening, excepting the company, was the venue of this film. The newly opened A/perture in downtown Winston-Salem, located directly across from Mellow Mushroom at 311 Fourth Street. Trendy and bright, as well as intimate and artsy, is exactly what Winston has been needing in order to showcase some of the independents that don't appeal to the mass audience. Each auditorium seats 80, the seats are comfortable and the area clean. The concession area, though I did not purchase anything, featured beer and wine, cupcake cups, cake balls, popcorn and traditional movie fare.
Take the time, grab dinner downtown and enjoy a film "indy"-style...if you hurry, you may catch Wesley!
Wednesday, February 10, 2010
New Culture of Spending...
If you are like us and most of our friends, you've done just about all the "trimming" to your budget that you can without giving up the "necessities." Now, I know that "necessities" can be a subjective term based on your priorities. In our household, we have not had cable for almost one year now. In March of 2009 while whittling down our personal budget, we rid ourselves of cable AND television. It was only until my grandmother passed away in July that we ended up with a television, courtesy of my aunts and uncles. Fast forward to today and still no cable and the digital rabbit ears are double-time, trying to grab that elusive digital signal out of the sky, which can sometimes be tricky in strong winds, rain, snow, sleet, too much sunshine, etc. :)
Speaking of priorities, when we tell folks we don't have cable, you might as well have told them that we only use leaves as toilet paper. "Unheard of! Are you crazy!?", they ask. Well, I believe that these "crazy" cuts, regardless of your priorities are all a part of the new culture of spending.
Money has been relatively easy over the past decade or so and while I am certainly not an economist, easy money has been true, for most folks. If you weren't making it, you could borrow it, if you couldn't borrow out right, you could leverage "equity" and get your hands on some. At times, it felt as if everyone was walking around in "a rich man's world." Advertisements catered to high-end, super-vacations, homes had tons of square footage and were "macked" out, giving rise to the term "McMansion", where "normal" homes were being torn down and replaced with mini-castles. For a while you would hear how much someone "spent" on an item, not what a "great deal" you might have gotten. Having name brand or the best and most of everything was the sign of the time.
As far as businesses go, my husband and I were new small business owners at the time, we said "no" very rarely when a new marketing idea was presented or a charity asked for money. We had a business plan but because money flowed, it was easy to veer away under the excuse that we needed to "branch out" or "try something new". Now, still business owners, our business plan is rarely "tweaked" during the year, except when we see a way to save and everything is tracked religiously to see the ROI. I have made it a personal business goal to focus on zero-based marketing by teaming up with other "trusted advisers" and pooling our resources and ideas to create the best experience for our clients.
So, for me and many others out there, it's back to the basics. Quality, hometown-feeling service, taking time to chat over coffee instead of lavishing gifts, quaint gatherings in lieu of big, impersonal, corporate parties, purchasing "homes" instead of "flips", fuel-efficient rather than monster-like, trusted advisers over "sales" and yes, maybe even cold beer and a home-grilled steak occasionally over cable t.v.
Like I said, it's all about priorities...
Speaking of priorities, when we tell folks we don't have cable, you might as well have told them that we only use leaves as toilet paper. "Unheard of! Are you crazy!?", they ask. Well, I believe that these "crazy" cuts, regardless of your priorities are all a part of the new culture of spending.
Money has been relatively easy over the past decade or so and while I am certainly not an economist, easy money has been true, for most folks. If you weren't making it, you could borrow it, if you couldn't borrow out right, you could leverage "equity" and get your hands on some. At times, it felt as if everyone was walking around in "a rich man's world." Advertisements catered to high-end, super-vacations, homes had tons of square footage and were "macked" out, giving rise to the term "McMansion", where "normal" homes were being torn down and replaced with mini-castles. For a while you would hear how much someone "spent" on an item, not what a "great deal" you might have gotten. Having name brand or the best and most of everything was the sign of the time.
As far as businesses go, my husband and I were new small business owners at the time, we said "no" very rarely when a new marketing idea was presented or a charity asked for money. We had a business plan but because money flowed, it was easy to veer away under the excuse that we needed to "branch out" or "try something new". Now, still business owners, our business plan is rarely "tweaked" during the year, except when we see a way to save and everything is tracked religiously to see the ROI. I have made it a personal business goal to focus on zero-based marketing by teaming up with other "trusted advisers" and pooling our resources and ideas to create the best experience for our clients.
So, for me and many others out there, it's back to the basics. Quality, hometown-feeling service, taking time to chat over coffee instead of lavishing gifts, quaint gatherings in lieu of big, impersonal, corporate parties, purchasing "homes" instead of "flips", fuel-efficient rather than monster-like, trusted advisers over "sales" and yes, maybe even cold beer and a home-grilled steak occasionally over cable t.v.
Like I said, it's all about priorities...
Tuesday, February 02, 2010
Those Who Wait Will Pay Thousands More This Spring
This just in from Allen Tate Mortgage courtesy of Jennifer Tuttle, Mortgage Specialist--Winston-Salem, NC
Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loan guaranteed by the Federal Housing Authority (FHA).
Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit and just days after the March 31 expiration of the Federal Reserve Board's mortgage backed securities purchase program (which has kept home loan rates artificially low for over a year), these FHA changes make it even more important to act now to save big.
Here are a few reasons why:
On April 5, the cost of required up-front mortgage insurance for loan guaranteed by the FHA will increase from 1.75% to 2.25%. For a borrower purchasing a $200,000 home with a $7000 down payment, the up-front mortgage insurance will increase by $965. Up front mortgage insurance is typically financed in the final loan amount so the impact to a monthly payment will be minimal, but overall, the increase is still borne by the borrower both upfront and monthly.
Later this Spring, the amount of money that a seller can return to the buyer from their sale proceeds will be reduced from 6% to 3%. The reduction in these "seller concessions" can increase the amount of cash a buyer will be required to pay at closing by $6000 for a home purchase of $200,000.
Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loan guaranteed by the Federal Housing Authority (FHA).
Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit and just days after the March 31 expiration of the Federal Reserve Board's mortgage backed securities purchase program (which has kept home loan rates artificially low for over a year), these FHA changes make it even more important to act now to save big.
Here are a few reasons why:
On April 5, the cost of required up-front mortgage insurance for loan guaranteed by the FHA will increase from 1.75% to 2.25%. For a borrower purchasing a $200,000 home with a $7000 down payment, the up-front mortgage insurance will increase by $965. Up front mortgage insurance is typically financed in the final loan amount so the impact to a monthly payment will be minimal, but overall, the increase is still borne by the borrower both upfront and monthly.
Later this Spring, the amount of money that a seller can return to the buyer from their sale proceeds will be reduced from 6% to 3%. The reduction in these "seller concessions" can increase the amount of cash a buyer will be required to pay at closing by $6000 for a home purchase of $200,000.
Monday, January 25, 2010
Real Estate Stats--January 2010
"If prices come down by another 10% but interest rates increase by 1 percentage point, that would mean the same monthly payment today versus waiting."--New York Times 7/27/2009
"As the Fed begins to wind down its purchases in the next few months, rates will become less enticing. Analysts expect them to rise to at least 6 percent from the current 5 percent."--New York Times 10/24/2009
In 2009 the percent of total sales in the Winston-Salem, NC market were as follows
$0-100,000---30.0%
$100,000-250,000---54.2%
$250,000-500,000---12.3%
$500,000-750,000---2%
$750,000-1,000,000---.003%
$1,000,000-2,000,000---.002%
Should YOU wait until the market rebounds to sell? According to Housing Wire 9/21/2009 and Moody's analyst:
At least another decade will pass before housing prices return to peak 2006 levels, according to analyst Celia Chen at Moody's Economy.com. She wrote that housing prices will decline for another year bottoming out in the second quarter of 2010 before rebounding.
"The correction will be not only deep but also lengthy. The national price level will not regain its 2006 high until 2020."
"As the Fed begins to wind down its purchases in the next few months, rates will become less enticing. Analysts expect them to rise to at least 6 percent from the current 5 percent."--New York Times 10/24/2009
In 2009 the percent of total sales in the Winston-Salem, NC market were as follows
$0-100,000---30.0%
$100,000-250,000---54.2%
$250,000-500,000---12.3%
$500,000-750,000---2%
$750,000-1,000,000---.003%
$1,000,000-2,000,000---.002%
Should YOU wait until the market rebounds to sell? According to Housing Wire 9/21/2009 and Moody's analyst:
At least another decade will pass before housing prices return to peak 2006 levels, according to analyst Celia Chen at Moody's Economy.com. She wrote that housing prices will decline for another year bottoming out in the second quarter of 2010 before rebounding.
"The correction will be not only deep but also lengthy. The national price level will not regain its 2006 high until 2020."
Wednesday, January 13, 2010
Free House? Depends on how you view the glass...
Well, there isn't such a thing and home ownership does come with a ton of responsibility, but nothing is more American than owning your own home. With the extension and expansion of the tax credit and the raising of the limit of how much money you can make in order to qualify (125k-singles**225K-couples), there has never been a time that felt more like, well, free!
If you take the notion of a borrower paying $900 in interest and property taxes each month, this would equate to a loan amount of $165,000. At this loan amount, the interest is around $690 and the property taxes, let's say are $210 for a total of $900--both of these items being normal tax write-offs.
So on this $900/month budget or $10,800 per year they are probably close to a 25% tax bracket with federal and state taxes, so they could potential recognize $2700 in income tax benefits PLUS the additional $8000 in credits from the stimulus!
WOW! They just got their home for $100 this year! Of course, back to the expenses...there is of course home owners insurance, which should be a little more than the renter's insurance they SHOULD be carrying and they will have to maintain their new home.
In this situation it is obviously one scenario and as I tell all of my clients, even those who look like they have "cut and dry" situations, that they need to consult their tax advisor. I also have to say that this novel idea was not mine, but passed on to me by a dear mortgage associate.
Bottom line is this...the tax credit was extended and expanded and if you are even remotely considering moving up or out, NOW IS THE TIME! Any financial advisor that you read in the WSJ or see on t.v preach that this is a historic time for buying real estate...imagine the value 20 years from now!
Make the credit work for you and give me a call so that I can help point you in the right direction so that you too can take your piece of the stimulus pie!
If you take the notion of a borrower paying $900 in interest and property taxes each month, this would equate to a loan amount of $165,000. At this loan amount, the interest is around $690 and the property taxes, let's say are $210 for a total of $900--both of these items being normal tax write-offs.
So on this $900/month budget or $10,800 per year they are probably close to a 25% tax bracket with federal and state taxes, so they could potential recognize $2700 in income tax benefits PLUS the additional $8000 in credits from the stimulus!
WOW! They just got their home for $100 this year! Of course, back to the expenses...there is of course home owners insurance, which should be a little more than the renter's insurance they SHOULD be carrying and they will have to maintain their new home.
In this situation it is obviously one scenario and as I tell all of my clients, even those who look like they have "cut and dry" situations, that they need to consult their tax advisor. I also have to say that this novel idea was not mine, but passed on to me by a dear mortgage associate.
Bottom line is this...the tax credit was extended and expanded and if you are even remotely considering moving up or out, NOW IS THE TIME! Any financial advisor that you read in the WSJ or see on t.v preach that this is a historic time for buying real estate...imagine the value 20 years from now!
Make the credit work for you and give me a call so that I can help point you in the right direction so that you too can take your piece of the stimulus pie!
Friday, January 08, 2010
Rules For Living
This has been hanging over our kitchenette at the office and I have enjoyed it, so i wanted to share these sentiments by Kent Keith.
RULES FOR LIVING
1-People are illogical, unreasonable and self-centered. Love them anyway.
2-If you do good, people will accuse you of selfish ulterior motives. Do good anyway.
3-If you are successful, you win false friends and true enemies. Succeed anyway.
4-The good you do today will be forgotten tomorrow. Do good anyway.
5-Honesty and frankness make you vulnerable. Be honest and frank anyway.
6-The biggest men and women with the biggest ideas can be shot down by the smallest men and women with the smallest minds. Think big anyway.
7-People favor underdogs but follow only top dogs. Fight for a few underdogs anyway.
8-What you spend years building may be destroyed overnight. Build anyway.
9-People really need help but may attack you if you do help them. Help people anyway.
10-Give the world the best you have and you'll get kicked in the teeth. Give the world the best you have anyway.
RULES FOR LIVING
1-People are illogical, unreasonable and self-centered. Love them anyway.
2-If you do good, people will accuse you of selfish ulterior motives. Do good anyway.
3-If you are successful, you win false friends and true enemies. Succeed anyway.
4-The good you do today will be forgotten tomorrow. Do good anyway.
5-Honesty and frankness make you vulnerable. Be honest and frank anyway.
6-The biggest men and women with the biggest ideas can be shot down by the smallest men and women with the smallest minds. Think big anyway.
7-People favor underdogs but follow only top dogs. Fight for a few underdogs anyway.
8-What you spend years building may be destroyed overnight. Build anyway.
9-People really need help but may attack you if you do help them. Help people anyway.
10-Give the world the best you have and you'll get kicked in the teeth. Give the world the best you have anyway.
Monday, January 04, 2010
X Marks the Spot...
Well, now the holidays are behind us and 2010 or the Year of X is now upon us. I have been super busy listing and consulting folks who are weeks away from listing, so there will be plenty to choose from if you are a first-timer or move-up buyer looking to take advantage of the extended and expanded tax credit before April 30, 2010.
The numbers show the "hot spots" in the market and I have some stats from November 09 I would like to share that demonstrate just that.
These stats are residential stats for Forsyth County-November 2009
Homes closed between 100,001 and 150,000---112 sold
Homes closed between 150,001 and 200,000---41 sold
Homes closed between 200,001 and 250,000---17 sold
Homes closed between 250,001 and 300,000---12 sold
TOTAL of home sold that were over 300,000---29 sold!
Hot market is definitely between 100-200K and those over the 300K mark are going to have to price aggressively, still be the shiniest apple in the bunch and be open to buyer incentives at least for the next quarter or three.
December and January's numbers will be very interesting since it is my opinion that these figures above from November 09 are artificially inflated due to the perception that the tax credit was ending on Nov 30...we'll see how we adjust to the new deadlines and where the market ends up after April 2010...As far as bottoming of the market, it is my hope that X will truly mark the spot as the bottom and we can go onward and upward from there.
Wishing you a healthy and prosperous New Year!
The numbers show the "hot spots" in the market and I have some stats from November 09 I would like to share that demonstrate just that.
These stats are residential stats for Forsyth County-November 2009
Homes closed between 100,001 and 150,000---112 sold
Homes closed between 150,001 and 200,000---41 sold
Homes closed between 200,001 and 250,000---17 sold
Homes closed between 250,001 and 300,000---12 sold
TOTAL of home sold that were over 300,000---29 sold!
Hot market is definitely between 100-200K and those over the 300K mark are going to have to price aggressively, still be the shiniest apple in the bunch and be open to buyer incentives at least for the next quarter or three.
December and January's numbers will be very interesting since it is my opinion that these figures above from November 09 are artificially inflated due to the perception that the tax credit was ending on Nov 30...we'll see how we adjust to the new deadlines and where the market ends up after April 2010...As far as bottoming of the market, it is my hope that X will truly mark the spot as the bottom and we can go onward and upward from there.
Wishing you a healthy and prosperous New Year!
Monday, December 21, 2009
Ways to Deal with the Enevitable Holiday Stress...
A great message arrived from the President of Allen Tate today, thought I would share it with you as you may be dealing with the tiny nuiances of holiday stress as we count down the days to Christmas...
* Accept that some days you're the pigeon, and some days you're the statue.
*Always keep your words soft and sweet, in case you have to eat them.
*Always wear clothes that make you look good, in case you die in the middle of whatever you are doing.
*Drive carefully. It's not only cars that can be "recalled" by their maker.
*If you can't be kind, at least have the decency to be vague.
*If you lend someone $20 and never see that person again, it was probably worth it.
*May it be that your sole purpose in life is simply to be kind to others.
*Never put both feet in your mouth at the same time, because you won't have a leg to stand on.
*Nobody cares if you can't dance well...just get up and DANCE!
*Since it's the early worm that gets eaten by the bird--sleep late!
*The second mouse gets the cheese.
*When everything is coming your way...you're in the WRONG lane!
*Birthdays are good for you...the more you have the longer you will live! :)
*You may be only one person in the world, but to one person you are the world!
*Some mistakes are too much fun to only make once!
*We could learn a lot from crayons...some are sharp, some are dull, some have weird names and are all different colors, but they all have to live in the same box.
MY FAVORITE:
A truly happy person is one who can enjoy the scenery on a detour!
Merry Christmas!
Brooke
* Accept that some days you're the pigeon, and some days you're the statue.
*Always keep your words soft and sweet, in case you have to eat them.
*Always wear clothes that make you look good, in case you die in the middle of whatever you are doing.
*Drive carefully. It's not only cars that can be "recalled" by their maker.
*If you can't be kind, at least have the decency to be vague.
*If you lend someone $20 and never see that person again, it was probably worth it.
*May it be that your sole purpose in life is simply to be kind to others.
*Never put both feet in your mouth at the same time, because you won't have a leg to stand on.
*Nobody cares if you can't dance well...just get up and DANCE!
*Since it's the early worm that gets eaten by the bird--sleep late!
*The second mouse gets the cheese.
*When everything is coming your way...you're in the WRONG lane!
*Birthdays are good for you...the more you have the longer you will live! :)
*You may be only one person in the world, but to one person you are the world!
*Some mistakes are too much fun to only make once!
*We could learn a lot from crayons...some are sharp, some are dull, some have weird names and are all different colors, but they all have to live in the same box.
MY FAVORITE:
A truly happy person is one who can enjoy the scenery on a detour!
Merry Christmas!
Brooke
Wednesday, December 16, 2009
Shop Local!! Top 10 Reasons!
Ok, T Minus 8 days and counting!!
It's definitely crunch time and the race is on to get those last minute gifts. May I suggest 10 Reasons for BUYING LOCAL?
10. Nothing says Christmas like long lines of red tail lights in parking lots. Admit it, something would be missing if you didn't have to get into "some" traffic while jammin' to 99.5 and Christmas classics.
9. You DO need to touch, smell and see what you are purchasing...I can say from experience that a size online MAY NOT be what you receive just days, sometimes hours before Christmas.
8. Friendly, helpful service from folks in local stores who REALLY know what they are doing! Not script-prompted call centers that can't pronounce Kernersville or Mocksville, NO IT'S NOT KNOXVILLE!!
7. Local businesses need YOUR DOLLAR in this tough economy...why send your money to some off-shore account or to some corporation housed in Timbuktoo? Well over 50 cent of each dollar spent locally STAYS LOCALLY and supports our LOCAL ECONOMY! It's the economy stupid! :)
6. Unique gift ideas...go online or to a big box and you get what everyone is getting! These shop owners spend a ton of time trying to find items that set their stores apart...take advantage of their knowledge! Grab a cup of coffee from your local coffee shop or bakery and STROLL...see what nuggets you can pick out special for that special someone on your list!
5. Take time to remember that it's the thought that counts! Sure thoughts can be ill-fitting, ugly and sometimes embarrassing (me: thanks for the big red underwear mom!) but when you know that someone spent time shopping for you (mom: you like red Brooke and red brings good luck according to my reflexologist) you know that they really were thinking about you and what you like--not just clicking on a random sale item or ordering yet another thoughtless gift card.
4. Make it a social outing...remember the cup of coffee I suggested, well, turn it into lunch or dinner after a long, productive day out with the girls or guys...have fun, talk, search, discover your town!
3. Make history! Yep, you can do just that. Visit some of historic sites and older local shop owners for a bit of local flare! Buy Moravian cookies, tins, candles or send some North Carolina goodies to those friends far and wide...we have such a rich history, unlike so many other states, so share that NC pride!
2. Create a tradition! Yes, I know it might be hard to do everything locally, but it can be done. When we opened our office in downtown Kernersville in 2005, I did all of my Christmas shopping in downtown Kville. Now, it was challenging and especially then, when there weren't a great deal of shops open, but I did it! Now, the tradition in the Cashion family is to still enjoy a shopping trip to downtown Kernersville for gift purchases for ANY SEASON...we start there first! A book at Shakespeare and Co., a basket of NC goodies from Baskets and Beyond, jewelry at Splurges, and the list goes on and on.
1. Because you LIVE HERE! This is your town, city, village, etc. Take pride in knowing that you play an integral part in keeping small, local businesses alive. Your part will make all of the difference in this economy, so that everyone can have the Merriest Christmas possible!
Merry Christmas and a Very Happy New Year!
It's definitely crunch time and the race is on to get those last minute gifts. May I suggest 10 Reasons for BUYING LOCAL?
10. Nothing says Christmas like long lines of red tail lights in parking lots. Admit it, something would be missing if you didn't have to get into "some" traffic while jammin' to 99.5 and Christmas classics.
9. You DO need to touch, smell and see what you are purchasing...I can say from experience that a size online MAY NOT be what you receive just days, sometimes hours before Christmas.
8. Friendly, helpful service from folks in local stores who REALLY know what they are doing! Not script-prompted call centers that can't pronounce Kernersville or Mocksville, NO IT'S NOT KNOXVILLE!!
7. Local businesses need YOUR DOLLAR in this tough economy...why send your money to some off-shore account or to some corporation housed in Timbuktoo? Well over 50 cent of each dollar spent locally STAYS LOCALLY and supports our LOCAL ECONOMY! It's the economy stupid! :)
6. Unique gift ideas...go online or to a big box and you get what everyone is getting! These shop owners spend a ton of time trying to find items that set their stores apart...take advantage of their knowledge! Grab a cup of coffee from your local coffee shop or bakery and STROLL...see what nuggets you can pick out special for that special someone on your list!
5. Take time to remember that it's the thought that counts! Sure thoughts can be ill-fitting, ugly and sometimes embarrassing (me: thanks for the big red underwear mom!) but when you know that someone spent time shopping for you (mom: you like red Brooke and red brings good luck according to my reflexologist) you know that they really were thinking about you and what you like--not just clicking on a random sale item or ordering yet another thoughtless gift card.
4. Make it a social outing...remember the cup of coffee I suggested, well, turn it into lunch or dinner after a long, productive day out with the girls or guys...have fun, talk, search, discover your town!
3. Make history! Yep, you can do just that. Visit some of historic sites and older local shop owners for a bit of local flare! Buy Moravian cookies, tins, candles or send some North Carolina goodies to those friends far and wide...we have such a rich history, unlike so many other states, so share that NC pride!
2. Create a tradition! Yes, I know it might be hard to do everything locally, but it can be done. When we opened our office in downtown Kernersville in 2005, I did all of my Christmas shopping in downtown Kville. Now, it was challenging and especially then, when there weren't a great deal of shops open, but I did it! Now, the tradition in the Cashion family is to still enjoy a shopping trip to downtown Kernersville for gift purchases for ANY SEASON...we start there first! A book at Shakespeare and Co., a basket of NC goodies from Baskets and Beyond, jewelry at Splurges, and the list goes on and on.
1. Because you LIVE HERE! This is your town, city, village, etc. Take pride in knowing that you play an integral part in keeping small, local businesses alive. Your part will make all of the difference in this economy, so that everyone can have the Merriest Christmas possible!
Merry Christmas and a Very Happy New Year!
Monday, December 07, 2009
Changes to Good Faith Estimate Just Around the Corner...
At our office meeting last week our Allen Tate mortgage VP spoke to our group about the changes on the horizon for Good Faith Estimates (GFE). For those of you out there who haven't purchased a home in a while, you may not remember that a GFE is required from the lender prior to loan commitment. Due to so many recent lending changes and loan defaults, the government has stepped in to simplify the process--thanks!
What was once a one page form has grown to three pages and is a basically a hand-holding, step by step worksheet for buyers to compare and contrast lenders and the loans they have to offer.
There are still caveats...dates are important to pay attention to because rates change, programs are eliminated and funds for certain programs can be limited.
It is still crucial to go with a reputable lender who can explain your options and make sure you are comparing "apples to apples" so to speak. Meaning that origination fees, points, transaction fees, estimates of expenses and escrows are broken out but can vary widely.
The one thing that jumps out at me and some of my colleagues is the fact that the lenders must disclose up front fees for services by third-party vendors. These fees cannot change but a certain percent from the overall cost. This means that your lender may say that they have an average price for legal services (closing attorney), but you want to choose someone you know. If the person you choose costs significantly more, bundled with other items that are variable, and your lender is basing their estimates on folks they have historically used, this may upset that proverbial "apple cart". If it does it could mean essentially limiting your choices because by using someone not in the "pool" could throw the estimates on the GFE out of whack, thus delaying the closing.
How, you say, if I am ok with the fees and the possible change can this delay my closing? Well, another change is that if these amounts charged change outside of the allowed percentage...the lender has to draw up another GFE and make sure that the closing occurs no sooner than three days from receipt.
There will definitely be "tweaking" of this document and though lenders are required to use the new GFE now, they are also in a transitional period to allow for instruction and adjustment.
Bottom line is that as a consumer of real estate it is necessary to find a means of understanding the cost of borrowing money and transacting real estate. Find a professional lender that understands the various programs and their ups, downs, ins and outs. Once you have several GFEs from various mortgage lenders, share them with your professional REALTOR so that you can talk about the programs and how they may effect what kind, what price and what location of the home you are going to purchase. That way everyone, most importantly yourself, is on the same page regarding your strategic plan to buy a home or investment property and that my friend, will bode for a smooth and professionally executed transaction!
Feel free to post questions or your own experiences with this new Good Faith Estimate or any other questions or comments you have regarding the real estate process!
What was once a one page form has grown to three pages and is a basically a hand-holding, step by step worksheet for buyers to compare and contrast lenders and the loans they have to offer.
There are still caveats...dates are important to pay attention to because rates change, programs are eliminated and funds for certain programs can be limited.
It is still crucial to go with a reputable lender who can explain your options and make sure you are comparing "apples to apples" so to speak. Meaning that origination fees, points, transaction fees, estimates of expenses and escrows are broken out but can vary widely.
The one thing that jumps out at me and some of my colleagues is the fact that the lenders must disclose up front fees for services by third-party vendors. These fees cannot change but a certain percent from the overall cost. This means that your lender may say that they have an average price for legal services (closing attorney), but you want to choose someone you know. If the person you choose costs significantly more, bundled with other items that are variable, and your lender is basing their estimates on folks they have historically used, this may upset that proverbial "apple cart". If it does it could mean essentially limiting your choices because by using someone not in the "pool" could throw the estimates on the GFE out of whack, thus delaying the closing.
How, you say, if I am ok with the fees and the possible change can this delay my closing? Well, another change is that if these amounts charged change outside of the allowed percentage...the lender has to draw up another GFE and make sure that the closing occurs no sooner than three days from receipt.
There will definitely be "tweaking" of this document and though lenders are required to use the new GFE now, they are also in a transitional period to allow for instruction and adjustment.
Bottom line is that as a consumer of real estate it is necessary to find a means of understanding the cost of borrowing money and transacting real estate. Find a professional lender that understands the various programs and their ups, downs, ins and outs. Once you have several GFEs from various mortgage lenders, share them with your professional REALTOR so that you can talk about the programs and how they may effect what kind, what price and what location of the home you are going to purchase. That way everyone, most importantly yourself, is on the same page regarding your strategic plan to buy a home or investment property and that my friend, will bode for a smooth and professionally executed transaction!
Feel free to post questions or your own experiences with this new Good Faith Estimate or any other questions or comments you have regarding the real estate process!
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