Thinking of buying? Why buying now may actually be your most brilliant move.

If you are thinking to purchase, this market may have discouraged you a bit.  

Here’s a few financial things to consider if you are currently renting, and first steps towards your home purchase should you decide to move forward.

1. Rent paid this year is cash out of pocket, plus you don’t get the write off of having a mortgage and you aren’t gaining appreciation.  So figure that equals whatever you are paying in rent x 3.

2. Home prices statistically and historically continuing to rise.  So, the same home you might buy today, will most likely be quite a bit more expensive next year.  Depending upon your price point that could be $40,000 to $100,000 more…. appreciation that could be yours if you had purchased it.

3. Interest rates are expected to continue to rise. They doubled in just the past few months. Every .25% increase to an interest rate can make a several hundred dollar a month difference to a mortgage – again it depends on the amount of the loan.

So in my opinion it’s still a great time to be buying a home, even though the market is competitive and a bit stressful.  

To have the best experience and success with the process you need two things:  

First an exceptional lender.  If you don’t have one please reach out I can connect you to resources. Trust me they are not all created equally. Being pre-approved for your loan is critical before shopping. You want to know what your payment will be, what you are pre-approved for and that paperwork must be submitted with your offer when you find a home.

   

Second an exceptional agent. You need an agent who is resourceful, responsive and creative. You need an agent other agents want to work with and who has a stellar reputation.  I am all of those things and more and would be honored to be of service!

First-time home buyer?  

What exactly are you getting yourself into when you go from having a landlord you can call to caring for your first home?  

Here are some of the things it takes to maintain your new home:

1) HVAC system – it’s a great idea to have your AC and Furnace cleaned and inspected at least every two years. Ideally, you would want to do that off-season so that during that ice storm or heat wave when the rest of the world is calling for repairs you are comfortably settled in your space. The technician can advise you regarding how often to change filters.

2) Exterior water and foundation. Before winter, turn off outside spigots and drain hoses to avoid bursting pipes. Once a year, shine a flashlight on that unfinished basement or crawl space walls to check for any new cracks or stains.

3) Gutters and downspouts. Have these cleaned late fall after leaves have stopped dropping. Gutters that are clogged can create water damage to roofs or foundations. It’s much cheaper to clean the gutters than deal with those things!

4) Roof and chimney. Unless brand new, every two years it’s wise to have an expert double check for missing shingles or holes and around flashing. The goal is to stop water and animals from getting into your home or moss from building up (which pushes apart shingles and allows water in). Your roof inspector can also check for cracks in your chimney and mortar if applicable.

5) Septic and well. If you purchased a home that is not connected to public water and sewer, you’ll want to have your on-site systems checked.  A septic tank should be pumped out every three years or so depending on its size and how many people live in the home. Wells should be inspected yearly.

6) Smoke and Carbon Monoxide detectors and fire extinguishers. All homes should have these items. Batteries will need to be replaced. Think about scheduling these when the time changes twice a year.

7) Pest control. I live 3 miles outside of downtown Portland in the woods; so ants, squirrels, raccoons, owls, birds… you name it, we’ve got it. There are tools you can get at your local hardware store to deal with some of these. Relocation companies that catch and release and companies like Terminix can also help. Just be mindful that you don’t want to catch or harm your neighbor’s pets or the planet with your choices.

Take it in and remember to breathe. I don’t share this list to create overwhelm. I share this list because being a proactive homeowner is way better and usually cheaper.

Best of all – you are not alone!  I am happy to connect you to resources should anything come up.

Welcome to home ownership and being a first-time home buyer!

I am not a mechanic.

Sure I know a few things. I know every so often I need to have my tires rotated, that my Mini S Coup likes premium gas and an oil change will never JUST be an oil change.

Oh sure I could read some books, I could go back to school, I could train and study and start working as a mechanic, get some experience, and learn some stuff and take ongoing courses to stay on top of all the new technology.  

Except here’s the thing… I have no passion for that career.  So, I’d never be as good as someone who does it day in and day out and who has years of experience. I don’t want to know how to fix my car. What I want is someone who is great at that career and who has a passion for it and is on the top of their game.  I want someone who will look out for me, give me great advice on where I need to spend money and where I don’t. I want my car to be cute, zippy, and run well. And, I want a trusted advocate to help with the rest.

You might feel that way about real estate. I can promise that few of us knew what we were getting into when we chose this career. The hours are long, often 7 days a week.  We’re working with people during one of the most stressful processes of their lives. The pressure is high. The ways to be out of compliance with a transaction are many. It’s no wonder 82% of those who go into real estate don’t make it past the first year. It’s more tricky that it looks.

What you need is a trusted advocate who is passionate about helping you reach your real estate goals.  You need someone who will look out for your budget by helping you prep your home to sell in the most cost effective ways; you’ll need someone on your team who will negotiate the best terms for your transaction, who will help you not leave money on the table when buying and connect you to the best resources in terms of lenders, escrow officers, inspectors and home vendors.  You’’ want someone who has done the training and given the blood, sweat and tears to be exceptional at this profession.  You’ll want someone who can explain your options and help you decide which choices best suit your goals.

You don’t have to be a real estate expert. You simply need one on your side. That’s what I do best!  My goal is to take such exceptional care of you that you are not only a happy client but a raving fan. And that we get to work together again some day in the future. And, that you’ll also trust me to help your friends and family.  I love this crazy business. I’d be honored to chat.  The sooner in the process the better – that way I can share other great resources with you as well. For evidence of “raving fans,” check out my Zillow reviews.