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Eliminate Mortgage Insurance

Why would you consider refinancing if your mortgage is only two or three years old and the rate is not considerably higher than what is currently available on new loans? Because you may be able to eliminate the mortgage insurance and have significant monthly savings. Many homes have seen their values rise in the past few years. The current loan-to-value ratio may be low enough to no longer require... [Read more]


Grilling Safety

More people grill in July than any other month. While grilling is all about good food, fun, friends and celebrations, it is important to make sure that accidents don’t interrupt your activities. Approximately half of the injuries involving grills are thermal burns. If you work with fire, there’s a chance of getting burned. • Only use BBQ grills outdoors and in ventilated areas. • Place the... [Read more]


Low Inventories

Low inventories resulting in multiple offers are contributing to what experienced agents are calling the most challenging market they’ve ever worked. While buyers with resources may find the market difficult, purchasers with minimum cash and credit are struggling to find and get into a home. First-time buyers feel the impetus to purchase because they’re renting and are concerned about being priced... [Read more]


Take Pictures Now

Preserve the memories you’re making by taking photographs of your home now. The pictures will remind you of the role your home played with your family and life. Reminiscing is easier when scrolling through pictures to remind you of people and times. One of the least heard regrets is that we should have taken more pictures. Shots to consider: • The front of the home from across the street •... [Read more]


Make Your Offer Standout

If a seller was looking at two offers for exactly the same price on their home, there would still be things that could make one standout more than the other. If there happens to be more than two offers, things can really get sticky for a buyer. For that reason, it is good to craft the most attractive offer possible because even if you don’t have competition now, another offer could come in during... [Read more]


Who would want to be without one?

When the 75 year old man who had been widowed four times was asked why he was getting married again, he said “for the little bit that they eat, I wouldn’t want to be without one.” In a torrential rainfall, you wouldn’t want to be without an umbrella. It is also understandable that when purchasing or selling a home, more and more people want an agent involved. NAR’s Homebuyers and Sellers... [Read more]


You’ve Got Money!

Imagine that after checking www.SSA.gov to see what you can expect when you retire and estimated what your minimum required distributions from your retirement accounts will be, you’ve discovered that you’re not going to have enough retirement income to cover your living expenses. Ideally, it would be perfect if the extra money you need would just come to your mailbox each month with the same certainty... [Read more]


Live the Dream

Consumers are more easily living the American Dream of owning a home because of the incredibly low mortgage rates. Today, most buyers can get a much lower rate than their parents or grandparents got on their first home. In a recent housing survey, FNMA released information about consumers’ thoughts on the current market. Almost two-thirds would rather buy than rent and believe that now is a good... [Read more]


Amortization

The word describes the process of accounting that will repay a loan over time. Residential buyers will most commonly be required to have an amortized mortgage. When amortizing a fixed rate mortgage, the payment remains constant for the entire term but the allocation of what goes to principal and interest changes with each payment that is made. Since an amount of each payment retires the principal,... [Read more]


Pay More or Less

Paying more for your house payment does not make your home more valuable. It does mean that the mortgage rate may be higher than it has to be. Even though fixed rates may never again be as low as they are currently, an adjustable rate mortgage may provide the lowest cost of ownership depending on how long a borrower plans to own a home. There are different types of ARMs but the one in this example... [Read more]


Basic Legal Documents

Many times, young adults feel “bullet-proof” and don’t consider the urgency to get involved or spend the money to take care of certain legal aspects of their lives because they think they’re going to live forever. Since no one is guaranteed longevity of life, if you want to be in control of who gets what and who is in charge now based on an untimely incapacitation or death, it is important... [Read more]


Are You Ready to buy a home in MN?

For whatever reason you’ve delayed buying a home, it may be time to reconsider that decision based on today’s conditions and what is expected to happen in the future. Rents are continuing to increase to the point that in most markets, it is significantly less expensive to own than to rent. Even after you factor repairs into the equation, the low interest rates, principal accumulation due to amortization,... [Read more]


Renting in MN-Why it might be prudent

After you take the training wheels off your bike and learn to ride it, you’d never consider putting them back on again. Similarly, once you’ve owned a home, you might think you’ll own a home from now on but there may be some situations where it might make sense to rent again. Big shifts in a person’s life like a divorce, death of spouse, empty nesting or a temporary transfer to a new city... [Read more]


Home Too Big Now?

Once the kids are grown, have careers, relationships and get a place of their own, parents find that they may not need their “big” home like they did before. Their lifestyle may have changed and the house just doesn’t “fit” anymore. Benefits of a smaller home: • Easier to maintain • Lower utilities • Lower property taxes • Lower insurance • More convenient location • Convenience... [Read more]


FHA or Conventional?

Buyers with a minimum down payment are generally faced with the decision of whether to get a FHA or a conventional loan. With the new 3% down payment program on conventional loans, it may become more confusing which loan to pursue. The two loan programs have mortgage fees that can differ greatly. FHA has a 1.75% up-front mortgage insurance charge in addition to the monthly mortgage insurance charge... [Read more]


Selecting a Lender

Finding a mortgage lender is not a problem. Selecting someone who will help you find the best loan product for your situation even if it means sending you to another lender is paramount. There is a huge advantage to be able to sit across the table from someone you’re doing business with and look them straight in the eye. It’s difficult to make an informed decision based on a website and a phone... [Read more]


Invisible, Odor-free and Potentially Hazardous

Most people’s first introduction to Radon is during the inspections of a home. It can be as much a surprise to a seller as it is a buyer. Radon is an invisible and odor-free, cancer-causing radioactive gas. Radon can get into a home through cracks in solid floors, construction joints, cracks in walls, gaps in suspended floors, gaps around service pipes, cavities inside walls and even the water supply. It... [Read more]


Fast and Easy But is it Accurate?

There are sites all over the web that offer to tell you what your home is worth. Simply plug in your address and email and you’ll get a value. It’s fast; it’s easy but is it accurate? The value is determined by what is called an Automated Valuation Model (AVM) that analyzes public record data with computer decision logic. Square footage, age, number of bedrooms and location are easily definable... [Read more]


Home is Worth the Sacrifice

There are many reasons people want a home with the most frequent responses being a place of their own, to raise their family, share with their friends and feel safe and secure. These are all strong motivations fueling the American Dream of owning your own home. The motivation is so dominant that buyers are willing to make sacrifices to have their dream come true. According to the 2014 National Association... [Read more]


Save on Homeowner’s Insurance

Insurance is a way to hedge the risk of a possible loss on an asset that a person or entity cannot afford. The cost of the coverage is determined by risk and exposure to the insurer and reflected in the premium. Another way to say it is: don’t buy insurance when you can afford the loss. If you have a mortgage on your home, you must have insurance. It is probably prudent for most people to have... [Read more]


Homeowner Tax Tips

Even if you’re having a professional help you with your income tax return, you need to provide them with information on the money you spent that might be deductible. Look at the following list to see if any of these things need a little more investigation to determine if they apply to your situation. · If you refinanced your home for the second or subsequent time in 2014, there may be points that... [Read more]


1/2% Could Make a Big Difference

Over 50% of homebuyers don’t shop to find the best interest rate for their mortgage. While a buyer wouldn’t rarely purchase the first home they look at, they will accept the rate and terms offered by only one lender. While the borrower and the property affect the rate and terms that a lender may offer, it is not to be said that all lenders will offer the same terms and rates to the same buyer.... [Read more]


Converting a Home to a Rental

A simple decision to rent your current home instead of selling it when moving to a new home could have far reaching consequences. If you have a considerable gain, in a principal residence and you rent it for more than three years, it can lose the principal residence status and the profit must be recognized. Section 121 provides the exclusion of capital gain on a principal residence if you own and use... [Read more]


Get Ready to Garage Sale

A well-planned garage or yard sale can make room in your home, get rid of unused items and make some money but it needs some planning to be successful. • Start early to research and plan • Promotion is key • Display items attractively • Price items right • Organize checkout Saturdays are generally the best day but there may be some exceptions. Experienced garage-salers believe that a well-planned... [Read more]


Downsizing Might Make Sense

With roughly 12.5% of the population over 65 years of age, it is understandable that some of them are thinking of downsizing because they may not need the amount of space they did in the past. There is something to be said for the freedom acquired by divesting yourself of “things” that have been accumulated over the years but are no longer needed. Moving to a less expensive home, could provide... [Read more]


Reducing Interest Expense

0% financing has induced car buyers into taking the plunge because it doesn’t cost anything to use someone else’s money. While mortgage rates are not at zero, they’re close enough that many buyers are applying similar logic. Qualified mortgage interest is deductible on taxpayers’ returns subject to the maximum acquisition debt of one million dollars. For the fortunate homeowners... [Read more]


Homeowner Tax Benefits

There are many reasons for wanting to have a home of your own like a place to raise your family, share with friends and feel safe and secure. While investment opportunities rank high for most people based on the fact that homeowners’ net worth is over forty times higher than that of renters, so do the tax benefits that reduce tax liability. • Taxpayers who have owned and used a home for at least... [Read more]


ICE Can Save Lives

Everyone knows that ice can make a drink cool or reduce swelling, but if you put it on your cell phone, it might just save your life. The concept is simple. Make a contact record in your address book with the name “ICE”, which stands for In Case of Emergency. In the note section of the record, you would list your name, blood type and medical conditions along with prescriptions and physicians.... [Read more]


Don’t Consider Appreciation or Tax Savings

Appreciation and tax savings are legitimate contributors to an overall rate of return on rental real estate but what if you didn’t consider them at all. If you only looked at one or two, very conservative measurements, you might decide to invest especially knowing that there are more benefits that will accrue to your investment. If we bought a property for cash, collected the rent and paid the expenses,... [Read more]


Being a Good Neighbor

A good neighbor might be characterized as someone who’ll look after your home when you’re out of town by picking up your mail and watering your plants. You’d most likely reciprocate for anyone who’d be so generous toward you. In some cases, you might only be able to name one or two of your neighbors who would step up to that level of service. Wouldn’t it be nice if more people on your... [Read more]


Consider an Adjustable Rate

With fixed rate mortgages as low as they are, most purchasers or owners wanting to refinance might not even consider an adjustable rate loan. The determining factor should be how long the person plans to be in the home and which mortgage will provide the cheapest cost of housing. For instance, if you compare a $300,000, 30 year term mortgage with a 4.125% rate on the fixed and a 3.25% on the 5/1 adjustable,... [Read more]


Realize Tax Savings Sooner

A homeowner’s tax saving benefit is generally realized when they file their federal income tax return after the money has been spent for the interest and property taxes. Some people look forward to the refund as a means of forced savings but some people need to realize the savings during the year. It is possible to adjust the deductions being withheld from the homeowner’s salary so they realize... [Read more]


Talking Points with an Agent

A list of talking points can be very valuable to guide the conversation with an agent that will lead to a decision to have he or she represent you in the sale of your home. If you haven’t been through the process before or it has been a while, the answers to these questions can reveal things about the experience and where-with-all of your candidate. Even if you only intend to interview one agent... [Read more]


Relax…There’s an Alternative

There is a simple alternative in rental real estate. Single family home for rental purposes offer an excellent rate of return in an investment that most people understand better than other investments. The concept is simple: stay with predominantly owner-occupied homes in a slightly below average price range. In most areas, tenants are easy to find and they’ll usually stay two to three years or... [Read more]


Save Interest, Build Equity & Shorten the Term

If you invest in a savings account, you’ll make less than 1% and would have to pay income tax on the earnings. On the other hand, contribute something extra to your house payment and you’ll earn at the mortgage interest rate which is certain to be more than you are earning in the bank. Making additional principal contributions on your mortgage will save interest, build equity and shorten the term.... [Read more]


Enjoy Your Improvements and Profit by Them

Homeowners can raise the basis or cost in their home by money spent on capital improvements. The benefit is that it will lower their gain and may save them taxes when they sell their home. Improvements must add value to your home, prolong its useful life or adapt it to new uses. Repairs are routine in nature to maintain the value and keep the property in an ordinary, operating condition. Additions... [Read more]


Opportunity Costs

Sometimes, there are costs associated with not taking a particular action. If a person left their money in a certificate of deposit earning 2% when they could have made an investment that earned 8%, the difference is the opportunity costs associated to not taking action. If a couple has a down payment and good credit, locking in a low interest rate mortgage for 30 years could easily provide their lowest... [Read more]


Crafting an Acceptable Offer

An agent was presenting a contract to a single, senior woman who was moving into a retirement home. It was a full price offer with reasonable terms and timelines but the seller wouldn’t accept it. When the agent probed deeper, she discovered that the seller was concerned with her dining room table. It had been the first piece of nice furniture that she and her husband had purchased and they... [Read more]


Seller Safety Plan

September is REALTOR® Safety month when special attention is focused on the security of having a home on the market and the concerns for the well-being of owners is a day-to-day effort. The following list may help sellers secure their home and minimize risk. • Locks – doors and windows should be locked at all times. Additional locks like deadbolts or safety locks can provide a higher level of... [Read more]


Money Down the Drain

Private mortgage insurance is necessary for buyers who don’t have or choose not to put 20% or more down payment when they purchase a home. It is required for high loan-to-value mortgages and it provides an opportunity for many people to get into a home who otherwise would not be able. The problem is that it is expensive and a homeowner’s goal should be to eliminate it as soon as possible to lower... [Read more]


Annual Maintenance

A common expectation of homeowners is to want the components and systems in their home to work when they need them. Periodic maintenance is just as important as having a trusted service provider to make necessary repairs. Victims of Murphy’s Law can attest that their air conditioner goes out on the hottest day of the year or the water heater fails when you have out of town visitors. If the convenience... [Read more]


Cash Flow and Equity Build-up

Many years ago, Las Vegas hotels would entice customers with inexpensive rooms, meals and entertainment so they would gamble. It may have worked initially but if you’ve been to Las Vegas recently, the bargains are gone. Hotels expect each division to be a profit center on its own. As a consumer, I might not like the changes but as an investor, I’d have to be pleased with increased profitability. Years... [Read more]


Which Filter to Use?

A dirty air filter decreases the effectiveness of your HVAC system because it inhibits airflow and allows dirt, dust, pollen and other materials to blow through the system. The challenge is how often it should be changed to keep the system working efficiently and extend the equipment life. Too often and you’re wasting money and not often enough and your increasing the operating and maintenance... [Read more]


How’s Your Memory?

How old is your bedroom furniture and what did you pay for it? Don’t know? That’s okay, let’s try an easier question. When did you buy the TV in your family room and is it a plasma, LCD or a LED? Whether you are the victim of a burglary, a fire or a tornado, most people are comforted they have insurance to cover the losses. However, unless you’ve filed a claim, you may not be familiar with... [Read more]


Reverse Mortgage

With all of the encouragement from celebrity spokespersons like Fred Thompson, Robert Wagner and Henry Winkler, there is a growing awareness of reverse mortgages. The fact is that our population is getting older and more than 25 million homeowners meet the age requirement. A reverse mortgage will allow homeowners age 62 or older currently living in their home to tap into their equity. The amount available... [Read more]


How Was It Measured?

In an attempt to compare homes, one of the common denominators has been price per square foot. It seems like a fairly, straight forward method but there are differences in the way homes are measured. The first assumption that has to be made is that the comparable homes are similar in size, location, condition and amenities. Obviously, a variance in any of these things affects the price per square... [Read more]


The Reason They’re Called Benefits

The Veterans Administration guarantees home loans for eligible veterans. It is considered an attractive loan because the veteran can purchase the home with no down payment up to specific loan limits and no mortgage insurance. This makes the monthly payment considerably lower. Let’s assume a buyer wants to purchase a $200,000 home and can get a 4.5% interest mortgage for 30 years. A FHA loan would... [Read more]


Indecision Costs

More money has been lost to indecision than was ever lost to making the wrong decision. The economy and the housing market have caused some people to take a “wait and see” position that could cost them in lost opportunities as well as almost certain higher costs in the future. To illustrate what the opportunity cost might be, let’s compare what the value of the down payment two years from now... [Read more]


Every Renter Should Know

The first home purchase can be the culmination of years of planning and consideration. Buyers typically look for 12 weeks and use a variety information sources for research before purchasing. However, many renters are not near as thorough in their study. Like any other commitment a person makes, careful consideration and understanding is required. There are things that every renter should know before... [Read more]


Fifteen Will Get You Three

Freddie Mac chief economist, Frank Nothaft, says that affordability, stability and flexibility are the three reasons homebuyers overwhelmingly choose a 30 year term. However, for those who can afford a higher payment, there are three additional reasons to choose a 15 year term: save interest, build equity and retire the debt sooner. First-time buyers have a higher tendency to use a minimum down payment... [Read more]


Make Good Offers Better

It’s disappointing, frustrating and sometimes, discouraging when you lose a home you want to buy. One of the hardest lessons for today’s buyers is that writing an offer doesn’t mean that you’ll get the home or even a counter-offer. The low inventory affecting many of the housing markets requires a different strategy to give you the best chance to get the home you want. 1. Make your best offer... [Read more]


An Unexpected Expense

In a study released by TD Bank, 65% of buyers with mortgages that required mortgage insurance said the higher monthly payment was more than they originally expected. Private mortgage insurance is required on loans that exceed 80% of the home’s value. For conventional loans, the premiums range from 0.5% to 1% annually. The PMI could add close to $100.00 a month to the payments on a $200,000 mortgage... [Read more]


What is a Seller’s Market?

It is generally considered a seller’s market when the conditions favor the seller. This condition exists when demand is high and supply is low without any significant adverse economic conditions taking place. Demand is determined by ready, willing and able buyers. Low interest rates with indications that they will begin to rise fuels part of this demand. Rising prices also creates a sense of urgency... [Read more]


Don’t Leave Home Without…

Planning a summer trip is usually focused on what you’ll do, see and experience. Enjoy it even more by spending a little time before you leave to make sure your home is safe while you’re gone. Consider these suggestions along with your other normal efforts: Tell your neighbors you’ll be out of town and to be aware of any unusual activity. • Notify your alarm company . • Discontinue... [Read more]


Another Source for a Down Payment

Most taxpayers know that they will pay a 10% penalty if they withdraw funds from their IRA before they turn 59.5 years old. There is an exception for first-time home buyers that allows a penalty-free withdrawal of up to $10,000 per person if they haven’t owned a home in the previous two years. This would allow a married couple who each have an IRA to withdraw a lifetime maximum of $10,000 each,... [Read more]


Record Improvements Now Minnesota Homeowners

There is a significant difference in how the money you spend on your home is treated for income tax purposes. Repairs to maintain your home’s condition are not deductible unlike rental property owners who can deduct repairs as an operating expense. On the other hand, capital improvements to a home will increase the basis and affect the gain when you sell which may save taxes. Additions to a home... [Read more]


Cut Your Housing Costs in Half

Serious shoppers wait for a 50% off sale to make the decision because of the bargain factor. Renters who are serious about lowering their monthly cost of housing should consider buying with today’s low mortgage rates. For an example, let’s assume a person buys a $200,000 home with 3.5% down payment on with a 4.5% FHA mortgage for 30 years. The total house payment would be approximately $1,508... [Read more]


Who Saves the Commission? Is being or dealing with For Sale By Owner worth it?

One of the most common reasons buyers want to deal directly with the seller is because they feel they can save the commission. It’s a valid consideration but interestingly, it’s the same reason the seller isn’t employing an agent; they feel they can save the commission. Both parties cannot save the commission. The buyer feels they have earned it because they’ve had to find the home, determine... [Read more]


Consideration Could be the Key to Your New Home

Consideration associated with a contract is generally thought to be the price and terms but being sympathetic and courteous towards the seller could make a difference in getting the home you want. Business people, like store owners, expect to deal with customers and even become to expect behavior that might not be accepted in a purely social atmosphere. Homeowners, on the other hand, may not be aware... [Read more]


Mendota Heights Home

Awesome Two Story-Check this out and call me for a private showing: http://homesite.obeo.com/Viewer/Default.aspx?tourid=881594 Powered By WP Footer Read More →


Apple Valley MN Two Story-Wyndemere Neigborhood

Awesome 4 bedroom home in fantastic location. What the video http://homesite.obeo.com/Viewer/Default.aspx?tourid=882205 Call me for more information and a private tour. Powered By WP Footer Read More →


The Question Every Cash Buyer Should Answer

Paying cash for a home seems like a huge advantage to qualifying for a mortgage and an appraisal. However, for the fortunate few who don’t need a mortgage, there is a question they should answer before they make that decision: Do you think at any point in the future, you might put a mortgage on this property? It’s important because paying cash for a home could affect the ability to deduct the... [Read more]


A Lower Payment is Your Choice

94% of purchasers last year opted for a fixed-rate mortgage at some of the lowest rates in home buying history. Yet, some of them will pay more in interest than necessary based on the time they’ll own the home. If a person only plans to be in the home a few years, the adjustable-rate can offer significant savings. Not only is the interest rate on the adjustable-rate lower than the fixed in the initial... [Read more]


An Exchange Means More to Reinvest

Section 1031 exchange for rental and investment real estate is a tool that allows investors to move the gain from one property to another without immediate income tax consequences. An instant benefit is to postpone the tax due which gives the investor a larger amount of proceeds to invest. In the example shown, the investor has 21% more proceeds to invest and grow over time than if he had paid the... [Read more]


Is the Window Closing?

With interest rates lower than they’ve been in over 40 years, it may be difficult to think of a “window of opportunity” closing. However, it isn’t difficult to understand that it may very probably cost more to live in a home in the near future due to rising interest rates and prices. Zillow recently reported results from a nationwide study that home values are expected to appreciate by 4.5%... [Read more]


Looking for the Largest Deduction

IRS allows taxpayers the option to take the standard deduction or the itemized deduction. The astute taxpayer will compare to see which one will result in the greatest deduction and the election can be made each year. The 2013 standard deduction for a married couple filing jointly is $12,200 and $6,100 for a single taxpayer. It doesn’t require any proof of actual expense and has no requirement... [Read more]


What’s the Point?

Prepaid interest, sometimes called “points”, is generally tax deductible when a person pays them in connection with buying, building or improving their principal residence. When points are paid on a refinance, they are not a current deduction but have to be taken prorata over the life of the mortgage. For instance, if $3,000 in points were paid on refinancing a 30 year mortgage, a deduction of... [Read more]


Edina Minnesota Real Estate

Here is a fun video about real estate. I hope you enjoy it. Contact me if I can help you. Powered By WP Footer Read More →


How’s Your IQ on the QM?

The Qualified Mortgage Rule came into effect on January 14, 2014 as one of the results to the Dodd Frank Reform Act to protect consumers from predatory lending practices. This will affect the underwriting standards that the majority of lenders will use to qualify borrowers. The ability to repay rule states that financial information must be supplied by the borrower and verified by the lender. The... [Read more]


Twin Cities Real Estate and Minnesota Related Presentations

These are some presentations I have put together. Hope you enjoy them. Please call me with any questions or if I can be of assistance. Powered By WP Footer Read More →


Every Homeowner Needs One

A water meter key is like insurance; buy it before you need it. Imagine a pipe has burst and there is water flowing like a river through your home. There may a cut-off valve to each sink if it works and if that’s where the leak is coming from. Your home may have a master cut-off valve but if you haven’t used it before, you might not know where it is. The last resort is to cut off all the water... [Read more]


Twin Cities Luxury Home Marketing

Do you have a luxury home and are looking for some enhance marketing to get your home sold? Let’s meet and discuss how I can be of service. Powered By WP Footer Read More →


Edina Minnesota Real Estate

Watch my latest TV show as I discuss the local Minneapolis St Paul real estate marketplace. Powered By WP Footer Read More →


Reasonable Expectations

Coffee should be hot. Beer should be cold. Mexican food should be spicy. However, if these things are less than the standard that you expect, there are not any lasting consequences. As the value of the object in question rises, either in price or gravity, the expectations usually increase and decisions become progressively more important. Marriage, children, health and careers are certainly a few... [Read more]


Making Room in Your Rooms

The more things you have, the more you have to take care of. And in this case, the more that you have to store that gets in the way of finding the things that you actually use. Periodically, you need to go through every closet, drawer, cabinet and storage area to get rid of the things that are just taking up space in your home and your life. Every item requires the decision to retain or remove. ... [Read more]


Rate/Payment Relationship

A ½% increase in interest rate may not sound like much but it is roughly equivalent to a 5% increase in price. It becomes obvious when you compare the payments. If you financed 100% of the cost of a $250,000 home at 4.5% interest for 30 years, the payment would be $1,266.71 per month. If the mortgage rate went up to 5%, the payment would be $1,342.05. If the home increased 5% in value, the $262,250... [Read more]


Rent or Buy – the cost is going up-Don’t Wait!

Whether you continue to rent or decide to buy a home, according to recent Zillow 2014 housing projections, the cost is going up. Zillow projects home prices to increase nationally by 3%, mortgages to rise to %5 interest rate by the end of the year and rents to go up by 2.5% on average. If it will cost a person more whether they rent or buy, the conclusion can be made that one way or the other, they... [Read more]


Find a Better Return-Look to rental property-call me for a PDF copy of my book

A certificate of deposit will generate a cash flow based on the interest rate that it pays which is the only way it generates a return for the investor. An investment in a stock that doesn’t pay dividends, would need to be worth more than you paid for it to earn a profit. On the other hand, a stock that paid dividends could make the investor a profit even if it sold for the same price that he paid... [Read more]


Home Warranty-learn more about it!

I recently sat down with a home warranty vendor. Take a look at this video and think about if it might be of benefit to you-either a buyer or seller. Powered By WP Footer Read More →


Where are you spending your money? Saving Tips

You’ll need to earn $2.00 for every $1.00 you want to spend assuming you pay 50% of your earnings on income tax, social security and Medicare. On the other hand, you get to keep 100% of every dollar you save on your personal expenses because the taxes have already been paid. Periodically, review your expenditures with the diligence of an exuberant IRS agent on commission. It’s an exercise that... [Read more]


NEW expanded program guidelines for Woodbury Down Payment Assistance programs

Dear Lending and Real Estate Partner: The City of Woodbury’s DPA programs have been amended both to increase the income limits and increase the maximum purchase price. These changes will make more homebuyers and more properties eligible for our programs. As a reminder, with the recent changes to FHA financing and increasing mortgage interest rates, Woodbury’s funds can help your clients reduce... [Read more]


Interviewing a Mover

“I’d wish I’d know that before I made a decision.” If you’ve ever regrettably said this to yourself, having a checklist might have prevented the issue in the first place. This list of questions can provide you with things to discuss when interviewing a moving company. Fees • What is the charge for packing? • Does it include boxes? If not, what do they cost and will you deliver them? •... [Read more]


What Can You Expect?

The two most frequently quoted constants in life are death and taxes. Two more things would-be homeowners can expect in the near future are increases in mortgage rates and housing prices. Interest rates have been kept artificially low for several years by the Federal Reserve in an effort to strengthen the economy. Policy is shifting to allow them to seek their own natural level and that will surely... [Read more]


What Kind of Showing Was It?

One of the most frequent calls from homeowners to their agents is about the listing’s inactivity due to the lack of showings. The homeowner commonly believes that the home is shown only when a buyer walks through the house with an agent. Today’s buyers are more sophisticated than in the past due to the abundance of information available to the public on the Internet. There are seemingly inexhaustible... [Read more]


Can You See the Savings?

If you’ve considered changing your light bulbs to energy-saving LED bulbs but decided not to make the investment because the prices were too high, you might want to investigate again. The prices have come down considerably. An initial investment now will generate immediate returns through energy costs and because they last longer, you won’t need to replace them for years. The life of LED bulbs... [Read more]




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MHA Ad 728x90

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