Tips

5 Key Reasons Our Mortgage Partners Make the Difference

Every Realtor has their favorite lender. And I get that having a strong relationship with a lender makes a positive difference for a buyer. But… I was in the mortgage biz for 17 years and have a lil’ deeper insight into what makes a Loan Originator an “ok one” versus a “really awesome one”. And since buyers are in the process of making the biggest purchase of their life, being ok is just not good enough. Not for any client of mine anyway.

Here are 5 KEY Reasons why our recommended lenders will make a difference in your life!

  1. They’re really good at what they do. They’re experienced and they know their stuff! Which means they’ll help you pick the best loan product for your specific situation
  2. They’re solid people. They treat people right and the costs are always fair and straightforward
  3. They communicate – good or bad news. It makes no difference. They return phone calls / emails / text messages. They keep you in the loop
  4. They’re friendly. Getting a mortgage can sometimes feel like going to the dentist, so they’re perspective and sense of humor can keep your spirits up
  5. They go the extra mile. This past weekend showed up just one more example. Mike Wickham with Caliber Home Loans stayed til 7 on a Friday night to get a pre-qualification letter out so one of our clients could make a good offer. (Btw, they got the house! How cool was that?!) And Alan Pressley with Ruoff went into the office Saturday afternoon to help another of our clients get in position to win a bid. I think when the dust settles, we’ll have won that one too!

There are 5 key reasons why our lenders can help you win over other bidders. After all, it doesn’t do you any good to find THE right house if a lender is going to drop the ball on you, now does it? To learn how you can get the house you really want, contact our recommended lenders and you’ll go to the front of the line!

How to Combat Rising Rent Costs

A recent headline from CNBC’s real estate correspondent, Diane Olick, stated: “Rents are rising at the fastest pace in almost two years.”  And she’s not alone in letting everyone know the rental market is getting more expensive.  A quick Google search brings a flurry of similar headlines.  I’m going to skip what’s causing the recent acceleration in rental increases and instead, suggest a long-term solution to that problem.  Yes, buying.

It is NOT surprising that rents rise due to supply and demand, and also to increases in interest rates and operating costs (Like insurance, property taxes, maintenance, and repairs).  Whether you’re a renter or a homeowner, you know that operating costs can not be controlled.  But, you can control increases in costs arising from interest rates and supply and demand.  And that’s where the FINANCIAL STRATEGY to buy comes into play.  When you buy, you lock in an interest rate and 75% of your monthly payment will be guaranteed for as long as you own your home.  For example, if you start with a $1,000 monthly payment, $750 of it is never going to change.  That’s opposed to a rental arrangement where the landlord can raise the rent every year if they want.

Another bonus to owning that renters miss out on is EQUITY BUILD-UP.  This can occur in two ways.  The most often discussed is the equity one gains when the value of one’s real estate increases due to inflation or supply/demand factors.  That’s the one we hear about on the nightly news when they talk about “House prices rose X% in the past year”.  That’s great, but there’s another way that homeowners increase their equity.  With each monthly payment that gets made, a portion goes to pay the interest and the rest goes to pay down the principal owed.  Eventually, that process pays off the mortgage loan and the homeowner then owns their home “FREE AND CLEAR”.  Now, that’s cause for celebration 🙌 🎉.  And that is what is implied when you hear people say “I’m sick and tired of paying someone else’s mortgage” or “I’m tired of throwing money away each month”.  Now to stop that feeling, simply buy rather than rent. Give me a call at 317-625-0655 and I will show you what’s available.

Tips on selling during the holidays

Selling a home is no doubt a stressful time. Add the craze of the holidays, you may need some advice from the experts. We asked our real estate agents for tips that can help minimize the stress and possibly get that SOLD sign up before the big guy 🎅 comes to town.

  • Consider potential buyers spiritual backgrounds 🕎 in your market before decorating for the holidays. Keep it simple
  • Less is more when decorating a home for the holidays while you are trying to sell. Limit the amount of holiday-specific decorations that are displayed
  • Large over-size Christmas trees 🎄 and other holiday decorations consume space that might make rooms or landscapes appear smaller
  • Install and remove exterior holiday decorations ~2 weeks before and shortly after the It’s less distracting
  • Tum off lighted holiday decorations 🌟 before showings. Buyers should focus on your home and not your decorations
  • If you are having out-of-town house guests, ask your real estate agent to postpone showings until after your guests depart
  • Help potential buyers visualize 👀 your home in other seasons. Display summer photos of home / gardens to show off other features of the home
  • Before showings, remove snow ❄️, ice and leaves from walkways and driveways. Don’t overlook outside entrances to basements, garages, and porches. And don’t forget the pet dirt 💩. It’s a turn-off to buyers

Hope these tips help to keep stress levels to a minimum during the holiday season. If you need to talk through your specific situation, give us a call. Happy to help!