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Category Archives: property

Millennial Monopoly: 4 Real Estate Trends In 2019

What’s behind the rise in homeownership? Growing interest from millennials. Here are the 2019 millennial real estate trends you need to know about this year.Empowered with Knowledge
First-time, homebuying millennials are much more informed when it comes to renovations, repairs and real estate process than other generations. Growing up during the development of the internet has made them very tech and research savvy and able to find ways to access important information such as listings, neighborhood reports, HGTV home renovation videos and other types of industry information on their own. In 2019, they will rely on real estate agents to share information that they can’t find online such as neighborhood developments, local market forecasts, local housing regulations and more.

Buying homes – despite rising rates
Millennials continue to make up the largest segment of buyers, accounting for 45 percent of mortgages, compared to 17 percent of baby boomers and 37 percent of Generation Xers. While first-time buyers will struggle, older millennial move-up buyers will have more options in the mid-to upper-tier price point and will make up most of the millennials who close in 2019. As their housing needs adjust over time, millennials are on track to make up the largest share of homebuyers for the next decade.

Sweat Equity
Many millennials grew up watching renovations and makeovers on HGTV, which means many of them are ready to invest sweat equity in their new home. Millennial homebuyers, overall, are more aware of the costs, work and implications of renovations than the previous generations. This is good news as interest rates rise and buyers should be prepared to settle for homes in need of TLC.

New Buying Strategies
Social media continues to impact millennial homebuying habits. They rely on online reviews to make purchasing decisions, and a strong online reputation for real estate professionals is a must in catering to this market. In fact, a recent study showed that millennials would prefer to buy a house from a real estate agent influencer over a traditional real estate agent. Showcasing a home on social media, especially on visual-heavy platforms like Instagram, is essential for appealing to millennial buyers.

Research your way to the right real estate agent who can make all the difference. RE/MAX agents are more recommended because they recommend what’s right for you and your future. Find an agent today at remaxallpro.com.

Tidying Up Tips Hit the Housing Market

 
 

Admit it — over the holiday break you found yourself binge-watching the hit show with superstar organizing consultant Marie Kondo and quickly realized your place is not sparking much joy. Never fear! The KonMari Method is here and the tidying-up trend can give sellers and buyers the gentle nudge needed to organize their personal spaces or clean up their financial houses before showings or placing a bid.

WE HAVE LIFT OFF!
The theme behind the hip, tidying trend is that by making changes in our living space we create a catalyst for change and give ourselves the momentum we need to take charge in other areas of life. A nicely organized and de-cluttered home shows well and knowing your financial story before hunting for a new home sets you up for success.

SPARK TIME SAVINGS
Just like the KonMari method can help organize your home, buyers are encouraged to tidy up their credit to save time too. Buyers who know their credit score, debt to income ratio and come with pre-approved home loans are saving time and headaches in the house hunting process which can mean the difference between deal or no deal. By building a strong financial foundation before you shop, your bid on the house of your dreams will have time on its side.

SHOW STOPPERS
For sellers, once your belongings are scaled back, you can reclaim some of that time you wasted on running around, cleaning up before a scheduled showing. Many sellers say the ultra-approach to simplifying has changed their lives and it helps them with the quick-clean when they are showing their homes to prospective buyers. By staying on top of the little things, like that big stack of papers, mail and books piling up on the dining room table – it’s easier to give your space a quick-clean before a last-minute showing.

SENSE OF SATISFACTION
The tidying-up method can make our brains happy and leave us with a sense of accomplishment. Order matters in avoiding debt and financial stress too. Earn, save and enjoy is key in tackling those finances. Concentrate on being proactive with your finances and stay financially responsible as you try to qualify for a home loan. Having your financial house in order feels as good as organizing that messy hallway closet.

SHOW YOUR BEST SIDE
If you have your home on the market, simplifying a space can help you sell. Agents often tell sellers with big kitchens to clean out the useless items and create that extra space – this allows buyers to get a feel for space and imagine where their own kitchen appliances would be placed or stored.

DECREASE FRUSTRATION
Buying or selling a home is hard, but the simple task of organizing can cut through the daily hassles of life. A well-organized home and a firm understanding of your finances can have wide-reaching effects on our mood, happiness and even relationships during the home buying or selling period.

Looking to simply the hunt for a house or to sell your home? Find an experienced agent at remaxallpro.com

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4 Ways to Get Involved in Your Neighborhood

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What can you do if you want to get involved in your new neighborhood? Here are four ideas to help you connect and get acquainted with your neighbors. If you have more ideas, let us know!

1. Join a group. Most neighborhoods have public forums, such as city or town council and citizen advisory group meetings, that address specific community issues. Groups like these allow you to get involved in the issues directly affecting your neighborhood. They’re also an excellent way to meet like-minded people. An online search should give you some ideas of where to begin. If your neighborhood has a homeowners association, talk with the officers about the kind of support they need. Check NextDoor.com for online communities in your city.

2. Volunteer. Identify a cause you feel passionate about, and think about donating your time and skills to a local organization. They’ll appreciate any amount of time you can give. Volunteering offers an opportunity to make meaningful friendships with people who also live and volunteer in the community. Start by visiting neighborhood hospitals, animal shelters and community arts groups or schools, to inquire about volunteering opportunities. Youth sports teams are also an excellent way to get involved. If you’re having trouble locating a volunteer organization that fits you, visit the local public library and ask for suggestions.

3. Organize an Event. Donation drives, block parties and other group activities can be efficient and fun ways to meet neighbors and establish yourself as someone who’s invested in the community. Share your idea by dropping off fliers. Include an email address and ask neighbors to contact you if they’re interested. You can schedule a meeting for everyone who replies to generate more ideas and make plans for an event.

4. Fill a Need. If you feel your neighborhood is underserved in any regard, get the ball rolling yourself. For example, start a neighborhood association if your community doesn’t have one, or institute an adopt-a-block program to keep your neighborhood clean. Similarly, your neighborhood might benefit from a volunteer Neighborhood Watch group. ​

 

Fit to Sell : Steps and Checklist for sellers

Watch the latest RE/MAX All-Pro “Fit to Sell” episode to understand the three-step process homebuyers use when searching for a home, and why it’s never a bad idea to de-clutter, repair, clean and showcase your home.

Want to know more about thoughtfully preparing your home for sale?
Here’s some helpful downloads:

“Fit to Sell” Action Plan Booklet
“Fit to Sell” Home Seller Checklist

 

The Right Listing Agent

Plain and simple, owning a home can improve your quality of life, provide stability and give you a sense of control you just can’t get from renting. You have a place to live when you rent, but buying is something much deeper – and better.

A skilled, qualified real estate agent brings tremendous value to the process. You’re relying on this agent on many different levels, so be careful to select someone with the right combination of education, experience, performance and local insight. Look for a proven expert who can cast a wide marketing net and attract as many potential buyers as possible.

Be sure to let your agent know the particulars of your situation. Perhaps you need to sell within a certain time frame, are relocating out of state, or are facing foreclosure. Keeping your agent informed helps set the path for the best way to proceed, ensures that your needs are met, and ultimately contributes to a successful transaction.

Need an agent? Find one now >

Obama Says, ‘Let’s Allow Everybody to Refinance’

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It was encouraging to hear that housing is solidly on the Obama Administration’s radar. The president confirmed this during a live online interview August 7th.

Of particular note were his comments about HARP 3, the proposed third version of the Home Affordable Refinance Program. HARP was first introduced in 2009 to help struggling homeowners reduce their mortgage payments by refinancing their government-secured loans (mortgages backed by Fannie Mae and Freddie Mac).

HARP 3 would make it easier for all homeowners, whether they have a government-secured loan or a private one, to refinance their mortgage.

Despite all the great news in housing (there’s plenty of it in the RE/MAX National Housing Report), the truth is that there are still many homeowners who are underwater or who haven’t regained all of the equity they lost during the recession. Most of the people this pertains to probably bought their homes at the peak of the market, when home values were inflated and interest rates were closer to 7 percent.

If homeowners were able to take advantage of the amazing interest rates right now (about 4.5 percent!), they’d be able to regain equity more quickly; they wouldn’t be paying as much interest at the same time that their home’s value is inching higher.

HARP 3 would be good for homeowners, for neighborhoods, for the housing market, and for the overall economy. And it’s especially good that there’s buy-in all the way at the top.

As President Obama noted, if more people are able to refinance their homes, they’re more likely to feel comfortable taking on something like a car loan. When consumer confidence is high, that’s when the economy is at its strongest.

If you think a HARP 3 program would be good for the United States, let your congressman or congresswoman know.

If you’re a homeowner who’s struggling, contact a RE/MAX All Pro Agent who can help you reach the best resolution.

Be more Environmentally Aware at Home

Here are some helpful (and colorful!) stats, guidelines and cost-saving ideas for making your home more eco-friendly. With the extreme temperatures in the Antelope Valley these tips are especially helpful.

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-Antelope Valley Real Estate-It Still Makes Sense to Buy VS Rent

Buying a home can be scary, overwhelming, thrilling, exasperating, and inspiring all at once, but the feeling of

home-ownership trumps them all.

Which is why;

It Still Makes Sense To BUY VS RENT!

Why?You ask.

To show you the benefits of owning your very own home, i will be doing a 2 part blog series. The first blog post will be about renting statistics and where YOUR money goes, and the second part will be the essential Information on the benefits and perks of home-ownershipAn owner-occupier (also known as an owner-occupant or home owner) is a person who lives in and owns the same home. It is a type of housing tenure. The home of the owner-occupier may be, for example, a houseapartmentcondominium, or a housing cooperative. The immovable property of the owner, which includes the home and the land upon which it sits, is known as the real estate.



FIRST lets talk about a couple fun rental facts!

WHO’S RENTING!?

Nearly 1/3 of all households rent

Baby boomer children-Echo boomers



With that being said, let’s take a closer look at home prices

  • Despite National Headlines,

Home Prices Tend to be Localized

  • Housing Prices Are Tied to Job Market
  • If Local Job Market is Weak –

Local Area Prices May Be Lower As Well




Now for the fun facts about RENTING!

Renting is an agreement where a payment is made for the temporary use of a good, service or property owned by another. A gross lease is when the tenant pays a flat rental amount and the landlordpays for all property charges regularly incurred by the ownership from landowners. This system is used in case of washing machines to handbags and jewelry.

Renting Costs a Lot – A Whole Lot!

Now remember, these are ONLY assumptions: 

  • $1,500 Monthly Rent Payments
  • Landlord Increases Rent 5% Yearly
  • Five-Year Costs = Nearly $100,000!
  • Costs to Improve…GONE!
  • Oh yeah, your landlord thanks you
  • Overall Costs…Too Painful to Look At

 



Renters! FIGHT BACK! Show Your Landlord The Money 

 Assuming a 5% increase per year:

  •   Year       Monthly Rent     Annual Rent
  •     1            $1,500                $18,000
  •     2            $1,575                $18,900
  •     3            $1,654                $19,848
  •     4            $1,737                $20,844
  •     5            $1,824                $21,888
  •     Total                                 $99,480

Average monthly rent over five years $1,658

Whew! Tough information to read right? The good thing is, the bad is out of the way! Start the steps to your future of home-ownership and join me next week to get the essential Information on the benefits and perks of home-ownership.

If you or someone you know is ready to take the step towards buying a home, give RE/MAX All-Pro a call at 661.945.9461.