Weekly Home Sales Snapshot – 7/10/15

7-10-15
Source: Greater Fairfield County CMLS,  HOUSES Sold = Single Family, Multi-Family, Condo/Co-Op
  

 

 

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If you think you can’t afford the down payment on a house…think again!

Low-Down-Payment chartIn real estate, I continually hear people say, “Sure the mortgage interest rates make monthly mortgage payments LESS THAN most rents, but I just don’t have the down payment.”

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.

 

Image: Keeping Current Matters

 

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Don’t be afraid of white bathroom fixtures

In the past, I’ve written about the value of keeping bathroom fixtures white and adding color through accessories such as towels and shower curtains. You can see those posts here and here.

I haven’t banged my white bathroom fixture drum in a while and then I saw this picture on Pinterest.

veranda interiors pink towels

 

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!

Image: Veranda Interiors

 

 

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8 Things NOT to do when buying a home…

You’re going to want to read through this if you are pre-approved for a mortgage but haven’t found a home to buy…
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Courtesy of: Jensen and Company
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Excellent real estate advice from an unlikely source…

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…

 

money is made at purchase

 

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!

 

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Happy 4th of July to Everyone!

Memorial Day

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Weekly Home Sales Snapshot – 7/3/15

7-3-15
Source: Greater Fairfield County CMLS,  HOUSES Sold = Single Family, Multi-Family, Condo/Co-Op
  

 

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Hmmm, is this about how popular a location might be OR is it about Realtors pricing correctly?

selling vs. listing priceI 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!?!

Read the full article here.

Image: Trulia

 

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If your house is for sale, I don’t recommend any of these…

This post is a repeat from my other blog, Front Door Freak

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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?

 

brass-skull-knockerSource - Black Country Metalworks 

 

Bat Door KnockerSource - Laura VW/Flickr

 

dragon knockerSource - Carmeletta Paulsen/Pinterest

 

Pirate door knockerSource - Amazon

 

bat door knocker 2Source - Black Country Metalworks

 

demon door knockerSource - Dark Knight Armoury

 

Personally, I’m not sure I’d even want to knock on any of these doors…

 

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Weekly Home Sales Snapshot – 6/26/15

6-26-15
Source: Greater Fairfield County CMLS,  HOUSES Sold = Single Family, Multi-Family, Condo/Co-Op
  

 

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