Thursday, November 30, 2023
Wednesday, November 29, 2023
High percentage of failed contracts nowadays....per Jim Remley (real estate broker manager in Oregon)
September, we saw an all-time high for deal failures with a staggering 16.3% of deals going into escrow falling through.
It's essential to realize these deal failures weren't due to inspection issues or seller disputes.
The culprit, more often than not, was buyer's remorse.
Thursday, November 16, 2023
FREE GIFT at closing (value worth $450) if you'd like to close on a home with me (Seller OR Buyer). I'll provide you with an HOW . JUST ask.
An HOW is a Home Owner Warranty for appliances and working parts (like furnace, air conditioner). After the home inspection, you may find that many of the workings of the home are nearing their effective life and that's when it's negotiating time and/or pick a Home Warranty that works best for that situation.
There are a few companies out there that provide this and it's payable by Deschutes Realty or the Seller at closing where it warrants these items for a year and you can continue the coverage year after year. It's been especially helpful to buyers I've had in the past regarding dishwashers it seems!
Excited about buying your new home? DON'T buy anything yet. Close first! Otherwise it might affect your inability to close on your loan!
One famous story circulating the real estate community is when a colleague of mine's client (an airline pilot) bought a new Jeep Waggoneer for that steep driveway he'd be using with the new home the day before closing. Guess what?! He couldn't close the loan because of that.
Here's some tips:
35 Tips to Furnish Your New Home for Less
Buying a new home is one of the most exciting experiences in life. And if you’re like most homebuyers, you’ll be planning your furniture placement and decor before the ink dries on your offer letter.
But before you run to the nearest home goods store, take a deep breath. First, you’ll need to delay any major purchases before you close on your new home. A large outlay or additional line of credit could lower your credit score and, thus, impact your mortgage terms.1 Second, moving and closing costs can add up quickly, so it’s important to be strategic with your remaining budget.
But don’t worry! There are plenty of ways to save on home essentials, and we’ve rounded up some of our favorites to share with you.
PRIORITIZE WHAT YOU REALLY NEED BEFORE YOU START SHOPPING
According to Home Advisor, the national average cost to furnish a new house is $16,000, but it can easily soar higher.2 That’s why we recommend starting with a thorough assessment of what you already have and what you actually need to start life in your new place. Here are some steps to help you prioritize your purchases and keep spending in check.
- Make a list of everything you need. Going room by room could help you brainstorm—for example, you might list items ranging from a mattress to blackout curtains for your new primary bedroom.
- Inventory what you already have. Cross the big (dining table) to the small (kitchen knives) off your list as you go.
- Divide the remaining items into three groups: things you need right away (a mattress), items you’d like to have in the near future (a coffee table for your living room), and pieces that can wait (an area rug).
- Calculate your budget. Figure out how much money you’ll have available for immediate purchases after the sale has closed, and start researching the items on your priority list to understand how they’ll fit into your budget.
- Don’t rush the process. Bringing older items to your new space doesn’t mean you need to keep them forever. Consider hanging onto pieces that can tide you over for a year or two until your bank account has recovered from the costs of a home purchase.
Before you start shopping, make sure you know which appliances and fixtures are included with your home purchase. We can inform you of the standard contract terms when you’re making an initial offer and note any additional items that you would like to request.
Wednesday, November 15, 2023
Tuesday, November 7, 2023
Friday, November 3, 2023
The Smartest Ways to use Seller Conce$$ions....And if you're using a VA loan? Cha-Ching Cha-Ching (you can double up)
This IS a lengthy discussion however, if you need to JUST know the numbers as to how much is allowed to ask for Seller concessions: start in the middle of the broadcast. The devil is in the details around the 22nd minute into the outline.
When Buying, consider this smart way to use a temporary buydown....
https://www.youtube.com/watch?v=stJD771074c
Thursday, November 2, 2023
A quick email from one of my lenders regarding the current interest rate....
The Fed committee's decision to keep interest rates at 5.5% on Wednesday was a pivotal moment. Over the past few weeks, mortgage interest rates have seen a remarkable drop of 0.5%, now standing at 7.51%. The last 48 hours saw the fastest rate drop since March.
Looking ahead, the path is uncertain. Tomorrow, the nonfarm payroll report is expected to come in around 180K, but it could easily "beat" or "miss" by 100,000 or more. A significant miss could sustain or increase recent rate improvements, while a positive surprise could erase the progress of the past two days. High volatility potential prevails in this financial rollercoaster.
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