Monthly Archives: November 2016

November 28

Interest Rates are Climbing…Time for Buyers to Get off the Fence!

In case you missed it with all the election news…interest rates are headed up.   Just a little data: an interest rate increase of .5% on a $500,000 loan, means an additional $180 in monthly mortgage payment, which translates to almost 10 percent less buying power on a $500,000 purchase. Ouch! If you have been considering […]

November 21

Big Change Election…What does it mean for Real Estate Here?

Do elections impact our area?  One would think, with all of the hand wringing and pearl clutching going on over the past couple of weeks, that the major changes coming to the Executive Branch (4000 plus jobs changing hands!) will mean big business for our real estate market.  That would be wrong.  Surprisingly, elections have little […]

November 19

Thanksgiving Curb Appeal

We are constantly advising home sellers on curb appeal, so I thought I better practice what I preach.  Here’s my work on improving my Thanksgiving curb appeal…with winter pansies (sprayed with Bobex deer repellent, of course), cabbages, twisty branches, birch branches and some light up branches from Target!  I save those branches every year, and […]

November 17

The Home Equity Playbook

What is Home Equity? Home equity seems to be a very simple calculation — the total amount of mortgages owed subtracted from the current market value of a home. Here is a simple example: Current Home Market Value $325,000 Existing Mortgage $225,000 Homeowner Equity $100,000 One side of the equation is well defined, and it […]