Friday, June 14, 2019

Four reasons to consider buying a home today instead of waiting

By Carrie Colby

Many people are wondering if now is the time to purchase their home. Below is a list of reasons why it is imperative to begin looking for your future home now.

1. Prices will continue to rise
CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 3.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.

Home values will continue to appreciate. Waiting may no longer make sense.

2. Mortgage interest rates are projected to increase
Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate
mortgage have started to level off around 4.3%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of REALTORS® are in unison, projecting rates will increase by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either way, you are paying a mortgage
Some renters have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.
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Are you ready to put your housing cost to work for you?

4. It’s time to move on with your life
The ‘cost’ of a home is determined by two major components: the price of the home and the current
mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Examine the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, greater safety for your family or you just want to have control over renovations, now could be the time to buy.

Bottom Line
If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.


Friday, June 7, 2019

Home invaders: How it can affect the sale of your home

By Richie Vraux

They say that summer is just around the corner. I think we are all eagerly waiting for that to happen. While the weather starts getting warmer there are some things you should consider prior to listing your home on the market.

The local insects and rodents are gearing up to create havoc, making your home their own. They are looking for any easy passage to get in to make your lives miserable. While you are taking special care to make your home look it’s best, these little nuisances are working against you. Signs of ants and other insects along with mouse droppings will work against all your valiant efforts to keep your house clean.

There are, however, effective products out there that will keep them all at bay but be careful and read some of the harmful effects using these products can bring, especially the young children and your pets who live with you and play in the yard.

Of all the human cases of pesticide poisoning in the United States, half of them are under the age of six years old. Be careful of what you put on your lawns. There are many new products out there today that are children and pet safe. Make sure when buying these products to treat your lawns, trees and your home that they are safe for the environment – but just as importantly – safe for your children and pets.

There are natural plants and shrubbery that those pesky insects and rodents do not go near as they don’t like the smell. Some effective plants include spearmint and chives as well as other powerfully scented plants. Simply place the herbs on the outside perimeter of your home. Not only will it help prevent pests from making themselves comfortable in your home, but it will add beauty to the landscape as well as to your many summer recipes. It’s been my experience that these herbs work in pest prevention.

Keep your home in picture perfect condition-both inside and out- get it sold.

Richie Vraux is a Broker/ Realtor with more than 20+ years’ experience and a
team member with Maine’s Premier Team at Better Homes and Gardens- The Masiello Group.
Call Richie at 207-317-1297 if you need real estate advice.