If I had a nickel for every time I’ve heard that, I’d be able to pay off my own mortgage!
To that end, I just read a great piece in the blog Keeping Current Matters that posits potential home buyers are still confused about down payments.
It seems over 1/3 of potential buyers think they absolutely need to put down 20% of the selling price, when in fact, there are loans that can be made with as little as 3% down. AND, those are government backed loans. We’re not talking about some shady back-alley loan shark loans. We are talking government provided FHA loans through reputable banks.
As a matter of fact, in the first quarter of this year, almost 30% of all mortgages had a 3% or less down payment.
So, if you think you can’t afford the down payment on a house, you might want to speak with a mortgage professional.
If you’d like to read the full blog post, you can find it here.
I haven’t banged my white bathroom fixture drum in a while and then I saw this picture on Pinterest.
I thought it perfectly illustrated how you can add some panache to a bathroom with non-permanent things like towels.
Are these pink towels fabulous or what?
Truthfully, with this design, you could spice up your bathroom once a week just by swapping out different towel colors.
So, the moral of this post is….don’t be afraid of white bathroom fixtures! They won’t be blah or boring…I promise!
The other day I was reading about a fellow named Nick who makes money refinishing and reselling furniture. Refinishing furniture is another passion of mine, along with real estate.
He was discussing his tips for making furniture flipping profitable. After going through a laundry list of items, he concluded with this thought…
I was so taken with how simply and succinctly he articulated what is, in my humble opinion, probably the MOST important thought in real estate.
My husband and I try to adhere to this concept when we buy real estate and, looking back over the last 10 years, despite national economic turbulence, we have fared rather well with our purchases. Our motto is, “keep the purchase price low and put the money into the property later with appropriate upgrades”. That way you are always managing the bottom-line value of the home, rather than the purchase price setting the value.
Hmmmm, good food for thought…
If you’d like to read the full article, you can find it here.
Real estate advice from an unlikely source!
I recently ran across an article on CNNMoney that showed were homes were selling above and below their listing price.
The article lists all counties across the US and how they stack up with regard to their listing prices vs. their actual selling prices.
Some areas in California show homes selling for a third more than their asking price, while others in Florida are selling for almost half their listed price.
Now, I ask you…is this about the popularity of each location (as the article posits) OR is it about Realtors understanding their own market dynamics and actually pricing appropriately?
Hmmmm, good food for thought, no!?!
This post is a repeat from my other blog, Front Door Freak…
Recently I have seen a whole spate of ominous looking door knockers.
It got me thinking…exactly how “welcome” do guests feel using these creepy door knockers?
Source - Black Country Metalworks
Source - Laura VW/Flickr
Source - Carmeletta Paulsen/Pinterest
Source - Amazon
Source - Black Country Metalworks
Source - Dark Knight Armoury