Displaying blog entries 1-10 of 351
Fannie Mae and Freddie Mac Issued new rules in the middle of April that go into effect June first. In this video John gives an overview of what is going to change, and how that will affect the short sale process.
We are back with another episode of Tuesday Morning Coffee! I break the numbers down for you in the video below, and it looks like the market is improving greatly over last year! I have a positive outlook for the rest of the year based on the great market performance from the last four months.
In this episode John discusses how the benefits of using an agent outweigh selling your home yourself.
In this weeks episode John debunks the misconception that you have to pay your agent out of your pocket when buying a house.
In this weeks Tuesday Morning Coffee John takes a look at the Home Affordability Index and gives some good news to buyers!
Joe fills in for John to give advice on short sales. http://www.theforeclosurereliefteam.com/ here is the link to visit the site Joe mentions.
In this week's edition John gives a market update as well as some tips is you get ready to sell your house.
John takes a look at the future of the Mortgage Dept Relief Act, and what it means for you
John gives the top five reasons to own a home in today's market. Be sure to check out the calculator he talked about at this link. http://www.nytimes.com/interactive/business/buy-rent-calculator.html
iPhone/iPad Here
Transcript
JOHN: Hey, guys. John Jones with another edition of Tuesday Morning Coffee. Thanks for tuning in. Today, we’re talking about the top reasons to own a home, and even though a lot has changed in the real estate market, these five reasons are still the same reasons I would have given you five or six years ago. The number one top reason to own a home: Savings. Over time, it’s still going to give you tremendous savings opposed to renting.
There’s a calculator that you can go to that I think is an excellent tool to use. Look at the website down at the bottom of the page. Go to that calculator. It gives you a real good idea renting versus owning. Tax breaks. We still have mortgage interest deduction. Even though Congress has talked about and threatened possibly to take it away, it’s still available to us as homeowners and a great benefit to a homeowner.
Equity. As you own a home over time, you build equity. And that’s just like having a big nice savings account. It might come in handy down the road to purchase a car. It might come in handy down the road to put children through college and still get your mortgage interest deduction. Budgeting, number four reason. Budgeting, what I mean by that is on a fixed-rate mortgage we know that rate is never going to go up. So it makes it easier for us to budget.
Most rents are going to go up at some point. There’s usually clauses in the lease that allow that to happen. So you can actually budget a little better on your monthly by being in a fixed-rate mortgage. And security. Security of owning a home. You can do what you want with that home. You can paint the walls the color you want. You can play your radio as loud as you want to, perhaps. You can plant trees, flowers. You can make that home your own, and there’s a lot of great positive social impacts from owning a home.
So that’s the Top 5 reasons. That’s the Top 5 reasons five or six years ago, 10 years ago. And they’re still the Top 5 reasons today. It’s an excellent time to buy. Rates. I keep getting tired of saying this, but they keep going down. The best rates we’ve ever seen right now. You can get rates actually in the threes. So thanks so much. Call us if you need us, 867-3020.
John compares February numbers from last year to this year.
Displaying blog entries 1-10 of 351
