The tangible nature of owning a home may be a contributing factor in your choice of investments. Control is another. The ability to physically improve your investment thereby increasing its value, and the freedom to buy, sell, trade, or repurpose without oversight or penalty… Current low interest rates can’t be ignored…
Any potential home buyer who’s been wondering “When will it be the right time?”, should be made aware that the right time is very likely now. There are 4 major factors that favor home buyers at this moment…
… market activity in general has been moderate. Great news for home buyers? I would say so. Ridiculously low interest rates coupled with lateral or even downward migration of home prices, factor in less competition, and the result is ‘The Perfect Storm’ for Home Buyers!
Home Purchase Sentiment Rockets to New High. First time buyers are not quite squeezed out of the market yet, but they are beginning to see more limited options. The real estate market in Arizona is healthy, with only a slightly lower inventory than would indicate “balanced”. We are still hovering in Seller’s Market territory, however… Read More
Video: Is a Reverse Mortgage Right for You? What You Should Know. There’s a lot to consider when researching the pros and cons of a a reverse mortgage. This video gives you some basic facts about every reverse mortgage, so that you’ll know what questions to ask before you contact a mortgage lender. One other… Read More
The number of days outlined in this video, to close a Real Estate Transaction, are accurate. Thanks to recent government regulations (TRID), the time to close a loan has indeed lengthened. Even though we always build this into the closing time frame in a Purchase Contract, I always explain to both Home Buyers and Home… Read More
The article below mentions what I believe is the biggest obstacle renters encounter when thinking about buying a home… down payment. Here in Arizona there are several fantastic options for down payment assistance, sometimes covering the whole thing. There’s also the zero down VA loan for Veterans or Active Military members. Combine any of these… Read More
My advice? If you’re a potential Home Buyer and you’re on the fence, GET OFF! The new low for mortgage interest rates is unbelievable! ~Bill By Jonathan Smoke The surprise victory in Britain of the campaign to leave the European Union may be spurring panic across the Continent (and among some regretful British voters), but… Read More
Home values are appreciating faster than experts expected, rising almost 5 percent over the past year, according to Zillow® Real Estate Market Reports. There are 3.4 percent fewer homes for sale in the U.S. than there were 12 months ago. Zillow forecasted home values would grow 2 percent from April 2015 to April 2016, and outside housing experts… Read More
This year started off with the average time to close a loan increasing to 50 total days, according to the latest Origination Insight Report released by Ellie Mae®. While the average time to close a refinance increased one day from 47 to 48 days, the average time to close a purchase loan climbed one day to… Read More
