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Millennials: Your Time Is Now
Our guest blogger today is Justin DeCesare. Justin is the CEO of Middleton & Associates Real Estate and has some great advice for the Millennial generation in today's post.
There will likely be no other time in the lifespan of the Millennial generation that is filled with more opportunity than right now.
I understand that the preceding sentence may seem overly optimistic, but when we look at modern history, all generations flourished more in the decade following an economic downturn than any other.
This, coupled with exponential growth in technology, is currently paving the way for a wave of young entrepreneurs and successful business people unparalleled in our Millennial Timeline.
Generally, I write these blogs to help instill the importance of our generation to Real Estate Agents and Brokers, but today, my message is directly to you, the young Millennial Yourself.
If you have not already grasped the importance that the next five years are going to have on your life, do so today.
Get Pumped Up.
This isn’t high school anymore, and our teenage-angst should have been thrown by the wayside along with every other burdensome baggage we have carried along the way.
Prices are at their lowest, NOW
Economists around the country agree that housing prices have fallen to their true lows, corrected, and should now be back on track for the steady growth necessary to maintain a healthy market.
New housing inventory is minimal, and EVENTUALLY the government will be forced to curtail bond buying programs, and as monetary policy is contracted the price of borrowing will increase.
By far the greatest reason you have to buy a home NOW and not 2 years from now is that money is cheap… cheaper than it has ever been and cheaper than it will ever be.
Stop Renting!
Plus, when you are renting, you are throwing your money away in taxes, especially those single professionals who have no other write-offs.
I am a Millennial. I am 30. I bought my first home when I was 21 while I was enlisted in the Navy. My mindset has changed over the last 10 years, but I can say this: Youthful optimism may be the best asset we have. At 21, fear of failing and needing to start over with kids’ college funds to worry about do not weigh as heavily as they will 10 years from now.
Your jobs are starting to come back. With every tepid job report comes the chance for new jobs to be found that pay in line with what you are worth.
Take advantage of this time and don’t look back in 25 years saying, “It really was the best opportunity of my life.”
This is your opportunity for freedom, your opportunity to own something that gives back, and doesn’t merely suck the value out of your debit card.
Are you ready to invest in your future? Let us help you find the investment that works best for you. Give us a call, text or email today.
?-Steve and Sandra
Steve Hill and Sandra Brenner
Windermere Real Estate/FN
122502 Greenwood Ave N
Seattle WA 98133
call/text: 206-769-9577
email: stevehill@windermere.com
Check out these useful links:
BrennerHill.com
Best In Client Satisfaction
Windermere Housing Trends Newsletter
Our Preferred Lenders
George Runnels
Washington First Mortgage
WaFirstMortgage.com
call/text: 206-604-4545
Jackie Murphy
Cobalt Mortgage
CobaltMortgage.com
call/text: 425-260-6834
Five Evergreen State cities placed in the top-100 best places to live in the U.S
Bellevue, Bellingham, Tacoma, Redmond, Everett and Vancouver WA were all named in the top 500 best places to live in the US. Check out the article HERE
If you are considering a move to any of these top 500 cities, give us a call, we have an exceptional referral network of brokers and agents throught the Untied States.
-Steve and Sandra
Steve Hill and Sandra Brenner
Windermere Real Estate/FN
122502 Greenwood Ave N
Seattle WA 98133
call/text: 206-769-9577
email: stevehill@windermere.com
Check out these useful links:
BrennerHill.com
Best In Client Satisfaction
Windermere Housing Trends Newsletter
Our Preferred Lenders
George Runnels
Washington First Mortgage
WaFirstMortgage.com
call/text: 206-604-4545
Jackie Murphy
Cobalt Mortgage
CobaltMortgage.com
call/text: 425-260-6834
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Why You Should Sell Your House Now
Many now realize that it is a great time to buy a home. It might also be an opportune time to sell your house. Here are the five reasons we believe now may be a perfect time to put your house on the market.
1. Demand Is High
The most recent Existing Home Sales Reports by the National Association of Realtors (NAR) show a double digit percent increase in sales year-over year; sales have remained above last year’s levels for over 25 months. There are buyers out there right now and they are serious about purchasing.
2. Supply Is Beginning to Increase
Total housing inventory is again approaching historic norms of a 5 month supply compared with 4.3 months in January. Many expect inventory to continue to rise as 3.2 million homeowners escaped the shackles of negative equity in the last 12 months and an additional 1.9 million are expected to enter positive equity in the next 12 months. Selling now while demand is high and before supply increases may garner you your best price.
3. New Construction Is Coming Back
Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market is recovering, more and more builders are jumping back in. These ‘shiny’ new homes will again become competition as they are an attractive alternative for many purchasers.
4. Interest Rates Will Again Rise
Although Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have softened recently, most experts predict that they will begin to rise later this year. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison projecting that rates will be up almost a full percentage point by this time next year.
Whether you are moving up or moving down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.
5. It’s Time to Move On with Your Life
Look at the reason you are thinking about selling and decide whether it is worth waiting. Is the possibility of a few extra dollars more important than being with family; more important than your health; more important than having the freedom to go on with your life the way you think you should?
You already know the answers to the questions we just asked. You have the power to take back control of your situation by putting the house on the market today. The time may have come for you and your family to move on and start living the life you desire. That is what is truly important.
Are you condisering selling your home? Give us a call, we would love to help you home to obtain top dollar for your home in today's marketplace.
?-Steve and Sandra
Steve Hill and Sandra Brenner
Windermere Real Estate/FN
122502 Greenwood Ave N
Seattle WA 98133
call/text: 206-769-9577
email: stevehill@windermere.com
Check out these useful links:
BrennerHill.com
Best In Client Satisfaction
Windermere Housing Trends Newsletter
Our Preferred Lenders
George Runnels
Washington First Mortgage
WaFirstMortgage.com
call/text: 206-604-4545
Jackie Murphy
Cobalt Mortgage
CobaltMortgage.com
call/text: 425-260-6834
Should I Rent My House If I Can’t Sell It?
There has been a lot written about how buying a home is less expensive than renting one in most parts of the country. Rents are skyrocketing and homes are still at great prices. These two situations are also causing some sellers to consider renting their home instead of selling it. After all, a homeowner can get great rental income now and perhaps wait until house values increase even further before selling.
This logic makes sense in some cases. We at KCM believe strongly that residential real estate is a great investment right now. However, if you have no desire to actually become an educated investor in this sector, you may be headed for more trouble than you were looking for.
Before renting your home, you should answer the following questions to make sure this is the right course of action for you and your family.
10 Questions to Ask BEFORE Renting Your Home
1.) How will you respond if your tenant says they can't afford to pay the rent this month because of more pressing obligations? (This happens most often during holiday season and back-to-school time when families with children have extra expenses).
2.) Because of the economy, many homeowners can no longer make their mortgage payment. What percent of tenants do you think can no longer afford to pay their rent?
3.) Have you interviewed a few experienced eviction attorneys in case a challenge does arise?
4.) Have you talked to your insurance company about a possible increase in premiums as liability is greater in a non-owner occupied home?
5.) Will you allow pets? Cats? Dogs? How big a dog?
6.) How will you actually collect the rent? By mail? In person?
7.) Repairs are part of being a landlord. Who will take tenant calls when necessary repairs arise?
8.) Do you have a list of craftspeople readily available to handle these repairs?
9.) How often will you do a physical inspection of the property?
10.) Will you alert your current neighbors that you are renting the house?
Bottom Line
Again, renting out residential real estate historically is a great investment. However, it is not without its challenges. Make sure you have decided to rent the house because you want to be an investor, not because you are hoping to get a few extra dollars by postponing a sale.
Wondering if you should rent or sell? Give us a call, we can help guide you to a decision.
-Steve and Sandra
Steve Hill and Sandra Brenner
Best In Client Satisfaction
Windermere Real Estate
BrennerHill.com
call/text 206-769-9577
Our Preferred Lenders
George Runnels
Washington First Mortgage
WaFirstMortgage.com
call/text: 206-604-4545
Jackie Murphy
Cobalt Mortgage
CobaltMortgage.com
call/text: 425-260-6834
