Thursday, July 17, 2014

A Special Welcome to Terri Hays!

Hi Friends!

It is a great honor of mine to be able to introduce our newest team member of The McLeod Group here at RE/MAX Integrity.




Terri Hays, Buyer Broker for The McLeod Group
503-371-5209
terrihays@integrityagents.com


Terri comes to our team with energy & excitement to work with Buyers as they search for their ideal home!

We are looking forward to continued success for Terri & The McLeod Group as we work together for you, our clients! 

~Amy

Thursday, July 10, 2014

Buying a Home: The Cost of Waiting

Hi Friends!


I often hear from Sellers & Buyers alike that they're going to "wait" for the market to get "better."  But sometimes that waiting can cost you much more than you may have been expecting!

Take a moment and look over this article I found in my reading.  I'm hopeful this information may help some of you who are trying to decide if now is the right time to make a change!


"Whether you are a first time buyer or a move-up buyer, you should look at the projections housing experts are making in two major areas: home prices and mortgage rates.

PRICES

Over 100 economists, real estate experts and investment & market strategists were recently surveyed. They were asked to project where home prices were headed. The average value appreciation projected over the next twelve month period was approximately 4%.

MORTGAGE INTEREST RATES

In their last Economic & Housing Market Outlook, Freddie Mac predicted that 30 year fixed mortgage rates would be 4.8% by this time next year. As of last week, the Freddie Mac rate was 4.14%.

What does this mean to you?

If you are a first time buyer currently looking at a home priced at $250,000, this is what it could cost you on a monthly basis if you wait to buy next year:

 If you are a move-up buyer currently looking at a home priced at $500,000, this is what it could cost you on a monthly basis if you wait to buy next year:

Bottom Line

With both home prices and interest rates projected to increase, buying now instead of later might make sense."

As always, please  let me know if you have any questions at all!
~Amy
*Article courtesy of KCMBlog.com