Metro Atlanta Real Estate BlogRecently posted or modified blog postshttps://www.teenareganteam.com/blog/Copyright TeenaReganTeam.com2021-02-02T13:17:52-07:00tag:teenareganteam.com,2012-09-20:2991What is so special about Kennesaw?!! How do we choose our home? For each of us there is always a certain criteria where we begin our search. Whether it is price, location or size. When we begin the process, we have already drawn out a road map designed to find the perfect home for us. We know not to look at million dollar homes if our price range is $500,000. We know not to look at homes that are 2 bedrooms when we know we need four. Therefore, our search is always geared towards what we know is best for us. With that in mind, Galt Commons wanted to be a community that spoke to as many future Homeowners as possible while remaining a unique and one-of-a-kind community. A community where quality counts most! A community where our Developer lives, works and plays. A community that we would be so proud of that each Homeowner would know us by name and be able to call us friends for life. The only way that can be achieved is for the pride in construction to be so fabulous that we wow them with high quality, classic, timeless, top-of-the-line details and then put it all in a community that no one wants to leave. A community where you invite your friends and family and continually hear "I've never seen anything like this!" We want you to be as proud of your home as they are of building it. I can't think of any better qualities for a Developer than that. Check out the video for more details!
<a href="https://youtu.be/fAH_vDwA3_Q" data-saferedirecturl="https://www.google.com/url?q=https://youtu.be/fAH_vDwA3_Q&source=gmail&ust=1612276110070000&usg=AFQjCNG4dUj6hRkiMed55Au1LFYlO5WWew" title="Galt Commons - A Garden Hamlet" onclick="window.open('https://youtu.be/fAH_vDwA3_Q','Galt Commons - A Garden Hamlet','width=600,height=600,left='+(screen.availWidth/2-300)+',top='+(screen.availHeight/2-300)+'');return false;"><br /></a>
<br />How do we choose where we call home? Is it more than the structure? For most, the answer to that is an absolute yes! Certainly we begin with what is important to us in a home but most everyone takes it one step further to ask "What would our lifestyle be like if we lived there?" Do we like the hustle and bustle of an active community? Do we desire to be able to walk to most everything we need? How important is night-life?" Our dream is to make those big decisions in life a little more clear for every Homeowner. If that answer is yes for you, Galt Commons is the place to call home! Sit on your front porch and enjoy the festivals of downtown Kennesaw. Enjoy a night out at one of our awesome Breweries, or enjoy the many open beer gardens. Walk to some of the best, award-winning restaurants or a simple stroll to the park. All without a set of car keys. K-Town has taken live, work, play to another level and the locals could not be more excited or welcoming than they have been. Sometimes, change is good! Check out the video for more details!
<a href="https://youtu.be/JYI7YiezQsM" data-saferedirecturl="https://www.google.com/url?q=https://youtu.be/JYI7YiezQsM&source=gmail&ust=1612275854168000&usg=AFQjCNE8Q0WuF7JH4yW-6BGh7sFpqq2XaQ" title="SchoolHouse Village"><br /></a>2021-02-01T07:17:00-07:002021-02-02T13:17:52-07:00Teena Regantag:teenareganteam.com,2012-09-20:2199Schoolhouse Village! What is happening! Ahhhhh! The excitement is in the air! Kennesaw, GA has its first day of sunshine in months which means I get to hear the tractors roaring again to bring us all the one of a kind Schoolhouse Village!
If you haven't joined in, go to their Facebook page for the most updated information and projections for completion. Right now it's still projected for the Fall of 2020, but after Seattle weather for 4 months, I'm guessing that's going to be a miracle to hit. The great news is it's just a delay. I can look out my back door and see the workers inside the townhomes. They aren't letting any moss grow under their feet. :)
I know the public can get their perspective of how awesome this place is really going to be from public sites. My perspective is to add what it means personally to this area, this community, the real estate market - and how much excitement is in the air for it to come to life!
Chad Howie is the project manager. He's such a down to earth guy who has already given so much to our community. He represents a very benevolent company whose goal isn't to take over a town but to ingratiate itself into the town's personality. For us, that's trains and historical battles. Their designs for the Brewerys, Apartments, Townhomes and Retail Shops was crafted to fit into our already awesome town.
Our city and its residents have been engaged in this project from day one. Although there have been some battles, (always are) the truth is our populace is excited to be thetown that will be on the cover of travel magazines. It's really going to be that awesome!
I'll keep posting updated pictures so you all can follow the progress with me. My goal is to stalk Chad for an interview, <img src="/res/tiny_mce/plugins/emotions/img/smiley-wink.gif" alt="Wink" title="Wink" border="0" /> along with the Mayor and some local Business Owners. So proud of my town and sooooo excited about its future!
Schoolhouse (Village) Rocks! You have to be old to get that one.
Talk soon guys!
Teena2020-03-06T07:52:00-07:002020-03-18T09:55:16-07:00Teena Regantag:teenareganteam.com,2012-09-20:2097Kennesaw! It's not just for trains anymore! I love more than anybody around to see my city revitalized! That could never happen without a city council that admires our rich history but realizes that the future is the live/work/play communities. Go big or go home? They went big!
So....the city that is already voted top cities to live in year after year said that's good but not good enough. We want to be the best, safest, forward-thinking city in the South. I'd say they did it!
Coming in the Fall of 2020. Be on the forefront of everybody else and get in this city while you still can. It's Amazon meeting in the basement right now. Be the ones who pull the trigger first on what is coming.
Our Team is ready to navigate you through the coming changes. Where to buy. The importance of location, access, home values, school districts. We are the local experts and it only took a combined 100 years between us in this city to claim that!
<a href="https://youtu.be/JYI7YiezQsM" title="Kennesaw's New SchoolHouse Village Development"></a>
<a href="https://schoolhouse-village.com/?fbclid=IwAR3jOPVAnvcvEm1hSEBm3ecbpKWmoJz1S7vz4dquz2C-YTZLgx2oBc78TE8%20" title="New SchoolHouse Village in Kennesaw, Ga. "> </a>2020-01-10T08:32:00-07:002020-01-10T09:09:57-07:00Teena Regantag:teenareganteam.com,2012-09-20:1798Pointe North- New Construction in Dallas!
WELCOME TO POINTE NORTH
We are so excited to present you all with this new construction community located in one of our area's most desired districts!!
<img src="https://assets.site-static.com/userfiles/1238/image/IMG_3012.PNG" width="944" height="755" />
IT'S SO MUCH MORE THAN THAT, THOUGH. LET'S BREAK IT DOWN:
• The school district is highly coveted. Northside Elementary, McClure Middle, North Paulding High. People move to 'these parts' just for THESE schools. Even if you don't have school-aged children, it's always, always, always good for resale! Always.
You can check that out here: <a href="http://www.greatschools.org" target="_blank">www.greatschools.org</a>
• The views are breathtaking. No joke. Each lot has been specifically prepared to showcase the house itself and also the nature surrounding it. No detail was overlooked. Driving into this neighborhood feels like you all of a sudden left our suburban community and took a drive into the North Georgia mountains! Go take a drive and see for yourself!
Directions: <a href="https://goo.gl/maps/grAhy6qyakm" target="_blank">Get to Pointe North!</a>
<a href="https://goo.gl/maps/grAhy6qyakm" title="Get to Pointe North! ">• You can make it completely YOURS. Pointe North was created so that we could give buyer's a "custom" home building experience- in a price range where that's not usually possible! </a>
<img src="https://assets.site-static.com/userfiles/1238/image/IMG_1881.jpg" width="3024" height="4032" />
Let's dig a little deeper... Here's where it gets really exciting.
Not only does each homeowner have the opportunity to choose their own finishes, flooring, tiling options, etc. from our "Pointe North" design center... they will be working alongside a professional designer to pull together a truly one-of-a-kind home built just for them. Imagine the possibilities!
<img src="https://assets.site-static.com/userfiles/1238/image/IMG_2983.jpg" width="4032" height="3024" alt="Backsplash/countertop" style="vertical-align: baseline;" />
And last- but certainly not least...
• The prices are competitive. An amazing product at an affordable price. Simple but true. That's what Pointe North offers!
<img src="https://assets.site-static.com/userfiles/1238/image/Pointe_North/2.png" width="945" height="756" />
<img src="https://assets.site-static.com/userfiles/1238/image/Pointe_North/3.png" width="945" height="756" />
We would love to take you out there or give you more information!
Contact us for details!! 2019-04-04T04:08:00-07:002019-04-04T14:37:29-07:00Teena Regantag:teenareganteam.com,2012-09-20:1789Pointe North construction is coming along!<img src="https://assets.site-static.com/userfiles/1238/image/1789-trtteampic1.jpg" width="237" height="211" />
<img src="https://assets.site-static.com/userfiles/1238/image/pointe_north_three.jpg" width="557" height="418" />
This looks like a painting, right? Nope! It is one of the many picture windows in this Craftsman-style New Construction in North Paulding County. This Builder doesn't cut corners. He recognizes the importance of incorporating a home into the environment. You don't scalp properties to drop basements. You absorb the land, the natural beauty of the land, and you leave a footprint that is significant in construction but natural in its environment.
The views are spectacular and the homes are built knowing that is one of the most imporant features that sets it apart from all the other new construction. Yes, it has the soft close drawers, stainless steel appliances, granite, the hardwood floors, but there's also a few signature items that this Builder is famous for that we want to show you in person. Come see us and let us show you how to make these gorgeous homes yours today. First one ready in May 2019! 2019-03-25T07:24:00-07:002019-03-25T13:12:17-07:00Teena Regantag:teenareganteam.com,2012-09-20:1753Check out what's happening in Kennesaw!!Wow!! Our office is going to be the cornerstone for one of the most exciting new developments to come to Downtown Kennesaw and we could not be more THRILLED. This is going to be the new Entertainment District in Kennesaw. They start breaking ground in just a few short weeks. Check out what is coming!!
Stop by our office! We would love to talk to you about all the exciting new things that are happening all around us!
<img src="https://uploads.pl-internal.com/YmFiNzE2YTktY2NlMi00ZmNiLThmOWEtNjdkZjM3NTMxZTc3/content/2019/01/1727_001-2.jpg" /><img src="https://uploads.pl-internal.com/YmFiNzE2YTktY2NlMi00ZmNiLThmOWEtNjdkZjM3NTMxZTc3/content/2019/01/1728_001-2.jpg" /><img src="https://uploads.pl-internal.com/YmFiNzE2YTktY2NlMi00ZmNiLThmOWEtNjdkZjM3NTMxZTc3/content/2019/01/1728a_001-2.jpg" /><img src="https://uploads.pl-internal.com/YmFiNzE2YTktY2NlMi00ZmNiLThmOWEtNjdkZjM3NTMxZTc3/content/2019/01/1729_001-2.jpg" /><img src="https://uploads.pl-internal.com/YmFiNzE2YTktY2NlMi00ZmNiLThmOWEtNjdkZjM3NTMxZTc3/content/2019/01/1730_001-2.jpg" /><img src="https://uploads.pl-internal.com/YmFiNzE2YTktY2NlMi00ZmNiLThmOWEtNjdkZjM3NTMxZTc3/content/2019/01/1731_001-2.jpg" /><img src="https://uploads.pl-internal.com/YmFiNzE2YTktY2NlMi00ZmNiLThmOWEtNjdkZjM3NTMxZTc3/content/2019/01/1732_001-2.jpg" />2019-02-12T07:07:00-07:002019-02-12T07:11:08-07:00Teena Regantag:teenareganteam.com,2012-09-20:1748Did you buy a new home in 2018??
<img src="https://assets.site-static.com/userfiles/1238/image/wooden-figure-of-white-house-and-keys_t20_waA0B0-960x640.jpg" width="960" height="640" />
Filing for Homestead Exemption in 2019
In order to file for a homestead exemption, homeowners may need to provide their Warranty Deed book and page, proof of residence, social security numbers, driver’s license and car tag info. In most counties, to be eligible for the current year, you must have owned and occupied the property as of January 1st. If the property is located within city limits, the homeowner may be required to file with the city as well.<br /> <br /> <br />Cherokee County – deadline is April 1, 20<a data-email="Lara.Carrillo@nrs.law" href="tel:196">19 6</a><a data-email="Lara.Carrillo@nrs.law" href="tel:784936120">78-493-6120</a><br /><a href="https://neelandrobinson.us12.list-manage.com/track/click?u=016311870aa2ea0d29d3c9fba&id=b9a8688246&e=b4394069bd" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://neelandrobinson.us12.list-manage.com/track/click?u%3D016311870aa2ea0d29d3c9fba%26id%3Db9a8688246%26e%3Db4394069bd&source=gmail&ust=1549714651816000&usg=AFQjCNEITDfvSrDPXHNEAMpHxo0u1anzsQ">http://www.cherokeega.com/Tax-Assessors-Office/homestead-exemptions/</a><br /> <br />Clayton County - deadline is April 1, 2019 <a data-email="Lara.Carrillo@nrs.law" href="tel:7704773311">770-477-3311</a><br /><a href="https://neelandrobinson.us12.list-manage.com/track/click?u=016311870aa2ea0d29d3c9fba&id=d064b16c09&e=b4394069bd" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://neelandrobinson.us12.list-manage.com/track/click?u%3D016311870aa2ea0d29d3c9fba%26id%3Dd064b16c09%26e%3Db4394069bd&source=gmail&ust=1549714651816000&usg=AFQjCNEyCikzsSs99JzLLlIH4GQzH8ZBiw">http://www.claytoncountyga.gov/departments/tax-commissioner/exemptions.aspx</a><br /> <br />Cobb County – deadline is April 1, 2019 <a data-email="Lara.Carrillo@nrs.law" href="tel:7705288600">770-528-8600</a><br /><a href="https://neelandrobinson.us12.list-manage.com/track/click?u=016311870aa2ea0d29d3c9fba&id=4a74c164ef&e=b4394069bd" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://neelandrobinson.us12.list-manage.com/track/click?u%3D016311870aa2ea0d29d3c9fba%26id%3D4a74c164ef%26e%3Db4394069bd&source=gmail&ust=1549714651817000&usg=AFQjCNGW01Ws-X3qF1K7YsSPmuVWbDVEdw">http://www.cobbtax.org/property/exemptions</a><br /> <br />DeKalb County – deadline is April 1, 2019 <a data-email="Lara.Carrillo@nrs.law" href="tel:4042984000">404-298-4000</a><br /><a href="https://neelandrobinson.us12.list-manage.com/track/click?u=016311870aa2ea0d29d3c9fba&id=a10903ee8c&e=b4394069bd" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://neelandrobinson.us12.list-manage.com/track/click?u%3D016311870aa2ea0d29d3c9fba%26id%3Da10903ee8c%26e%3Db4394069bd&source=gmail&ust=1549714651817000&usg=AFQjCNHCyiAF-c7cctggrSkTBHoMHJEGRQ">https://taxcommissioner.dekalbcountyga.gov/TaxCommissioner/homesteadOnlineApp/TChomesteadOnline.asp</a><br /> <br />Douglas County – deadline is April 1, 2019 <a data-email="Lara.Carrillo@nrs.law" href="tel:7709207272">770-920-7272</a><br /><a href="https://neelandrobinson.us12.list-manage.com/track/click?u=016311870aa2ea0d29d3c9fba&id=36420b85fd&e=b4394069bd" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://neelandrobinson.us12.list-manage.com/track/click?u%3D016311870aa2ea0d29d3c9fba%26id%3D36420b85fd%26e%3Db4394069bd&source=gmail&ust=1549714651817000&usg=AFQjCNEf9HH7uvOZzjQeBYJvxpgdP-QBPw">http://www.celebratedouglascounty.com/TaxCommissioner/</a><br /> <br />Fayette County – deadline is April 1, 2019 <a data-email="Lara.Carrillo@nrs.law" href="tel:7704613652">770-461-3652</a><br /><a href="https://neelandrobinson.us12.list-manage.com/track/click?u=016311870aa2ea0d29d3c9fba&id=186a1ca0a1&e=b4394069bd" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://neelandrobinson.us12.list-manage.com/track/click?u%3D016311870aa2ea0d29d3c9fba%26id%3D186a1ca0a1%26e%3Db4394069bd&source=gmail&ust=1549714651817000&usg=AFQjCNG9ms8LsuKM103gfWQE17rgr_8xig">http://www.fayettecountytaxcomm.com/subpages/Exemptions.asp</a><br /> <br />Forsyth County – deadline is April 1, 2019 <a data-email="Lara.Carrillo@nrs.law" href="tel:7707812106">770-781-2106</a> <br /><a href="https://neelandrobinson.us12.list-manage.com/track/click?u=016311870aa2ea0d29d3c9fba&id=d0aba27f41&e=b4394069bd" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://neelandrobinson.us12.list-manage.com/track/click?u%3D016311870aa2ea0d29d3c9fba%26id%3Dd0aba27f41%26e%3Db4394069bd&source=gmail&ust=1549714651817000&usg=AFQjCNEHBSlPHxki2XrA4fvrqgVVN2fF5A">http://www.forsythco.com/Departments-Offices/Board-of-Assessors/Homestead-Exemption</a><br /> <br />Fulton County – deadline is April 1, 2019 <a data-email="Lara.Carrillo@nrs.law" href="tel:4046126440">404-612-6440</a><br /><a href="https://neelandrobinson.us12.list-manage.com/track/click?u=016311870aa2ea0d29d3c9fba&id=a9f9e43858&e=b4394069bd" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://neelandrobinson.us12.list-manage.com/track/click?u%3D016311870aa2ea0d29d3c9fba%26id%3Da9f9e43858%26e%3Db4394069bd&source=gmail&ust=1549714651817000&usg=AFQjCNEf5Dj-O60OrpbP8XZV1PUptJCDEQ">http://www.qpublic.net/ga/fulton/basic_homestead.html</a><br /> <br />Gwinnett County – deadline is April 1, 20<a data-email="Lara.Carrillo@nrs.law" href="tel:197">19 7</a><a data-email="Lara.Carrillo@nrs.law" href="tel:708228800">70-822-8800</a><br /><a href="https://neelandrobinson.us12.list-manage.com/track/click?u=016311870aa2ea0d29d3c9fba&id=708582d841&e=b4394069bd" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://neelandrobinson.us12.list-manage.com/track/click?u%3D016311870aa2ea0d29d3c9fba%26id%3D708582d841%26e%3Db4394069bd&source=gmail&ust=1549714651817000&usg=AFQjCNG_BjoygipNEK87pIoDtb6DE4zD2g">https://gwinnetttaxcommissioner.publicaccessnow.com/PropertyTax/HomesteadExemption/AboutHomesteadExemptions.aspx<br /> </a><br />Henry County – deadline is April 1, 2019 <a data-email="Lara.Carrillo@nrs.law" href="tel:7702888180">770-288-8180</a> <br /><a href="https://neelandrobinson.us12.list-manage.com/track/click?u=016311870aa2ea0d29d3c9fba&id=8d6ebb4ad8&e=b4394069bd" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://neelandrobinson.us12.list-manage.com/track/click?u%3D016311870aa2ea0d29d3c9fba%26id%3D8d6ebb4ad8%26e%3Db4394069bd&source=gmail&ust=1549714651817000&usg=AFQjCNFWDXs7CCh-bOLZ4YUEpIsLFG5OeA">https://www.henrytc.org/#/property</a><br /> <br />Paulding County – deadline is April 1, 20<a data-email="Lara.Carrillo@nrs.law" href="tel:197">19 7</a><a data-email="Lara.Carrillo@nrs.law" href="tel:704437581">70-443-7581</a><br /><a href="https://neelandrobinson.us12.list-manage.com/track/click?u=016311870aa2ea0d29d3c9fba&id=bc99125869&e=b4394069bd" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://neelandrobinson.us12.list-manage.com/track/click?u%3D016311870aa2ea0d29d3c9fba%26id%3Dbc99125869%26e%3Db4394069bd&source=gmail&ust=1549714651817000&usg=AFQjCNEGWXHbQjxMLratm_UOoTICkoQolA">http://www.paulding.gov/index.aspx?NID=89</a><br />
2019-02-08T07:38:00-07:002019-02-08T08:44:49-07:00Teena Regantag:teenareganteam.com,2012-09-20:1734Is Getting a Home Mortgage Still Too Difficult?<img src="https://assets.site-static.com/userfiles/1238/image/getting-a-home-mortgage.jpg" alt="Is Getting a Home Mortgage Still Too Difficult?" title="Is Getting a Home Mortgage Still Too Difficult?" height="410" width="750" />
Potential homebuyers are always cautioned to be aware of mortgage lending standards and the difficulty they might face when trying to obtain a mortgage. Credit availability is expanding, making it easier to get a mortgage now than it was a year ago. The market is still tight however, and homebuyers should be prepared to shop around until they find a lender who is offering something that will meet the needs of their family.
Mortgage lending companies have high standards so it is important to make sure you and anyone else who will be included on the mortgage have their credit in check. The mortgage market is strict because lenders do not want to be put in a situation where they are forced to repurchase loans that are not paid on. They also do not want to end up in a litigation situation due to loan issues.
What Has Happened to the Number of Mortgages?
Due to the strict nature and requirements of the lending companies, the number of mortgages given out has significantly dropped. A report by the Housing Financial Policy Center at the Urban Institute showed that about 6.3 million fewer mortgages were given out between 2009 and 2015. The reasons behind this statistic are strict regulations and policies. These mortgages would have been granted if the lending standards where more reasonable.
Mortgage companies rely on calculations to determine if a home buyer will become delinquent on their payment. They will not give you a loan if you are too much of a risk for them. Credit history has a huge impact on this decision since lenders can see how often you pay back your debts. The history they receive is extensive. This view into your financial past causes lenders to take less risk when lending to you for your mortgage.
The Effect on the Economy
The housing market is recovering at a slower pace than it should since less potential homebuyers are being offered loans. While the market is still recovering with positive trends, fewer buyers can create a strain on other economic factors like home goods or construction jobs. Bottom Line
After the housing market boom and bust, mortgage lenders became stricter in their lending standards. It is not impossible to get a mortgage loan, but it can still be difficult for potential home buyers. Stay on top of your credit and make sure you and anyone else who is applying are in a good financial position so you can be approved for a loan. It is important to research different companies and their requirements to ensure success in getting a mortgage.2019-01-21T14:23:00-07:002019-01-21T14:25:37-07:00Teena Regantag:teenareganteam.com,2012-09-20:1733Why You Should Consider Selling in the Winter<img src="https://assets.site-static.com/userfiles/1238/image/selling-in-the-winter-attracts-serious-buyers.jpg" alt="Selling In Winter Attracts Serious Buyers" title="Selling In Winter Attracts Serious Buyers" height="410" width="750" />
The season you sell your home can have an impact on how much you get for your home and how quickly it sells. The season that has the most success in selling homes is spring. This is a good time of year for families moving to new school districts and is also more convenient weather for moving. Because of this trend, most people will recommend waiting to list your home until after the winter is over. Avoiding the winter is a huge misconception in the housing industry and can cause homeowners to miss out on opportunities.
Selling in the winter can give you a few advantages. There will be fewer houses on the market since most people assume winter is a bad time to sell. This gives your home more attention. Potential buyers are always looking no matter the time of year. Keeping your house on the market in the winter might bring the right buyer to your door. Real estate agents also tend to be less busy during these months and commit more time to getting your home sold.
Studies have shown winter buyers are buying because they need to move right away either for a relocation or personal situation. They will want to close quickly and allow for a much smoother sale.
Bottom Line
If you need to sell your home right away, or have some time but want to see what is out there, consider listing in the winter. Most homeowners who are going to sell will list their home in the spring, making for a competitive market. The winter allows buyers who are in a hurry to move consider your home and sell for more money than you would have in the spring.2019-01-21T14:23:00-07:002019-01-21T14:25:33-07:00Teena Regantag:teenareganteam.com,2012-09-20:1732Common Things to Look Out for Before Buying Your Dream Home<img src="https://assets.site-static.com/userfiles/1238/image/3-questions-to-ask-before-buying-your-dream-home.jpg" alt="Common Things to Look Out for Before Buying Your Dream Home" title="Common Things to Look Out for Before Buying Your Dream Home" height="410" width="750" />
It is easy to become overwhelmed when you enter the home buying market. Friends, family, colleagues, and even acquaintances will give you their opinions if you are a first time home buyer. While most of them are looking out for your best interest, they are not fully aware of what is happening in the housing market.
It is important for you to be prepared and have your own questions ready. No matter what other opinions you are getting, you are the one buying the home and your comfort level will help make your final decision. Here are three important questions to ask before you purchase a home.
1. Why am I Buying a Home?
Regardless of the finances, it is important to think about what made you want to buy a home in the first place. Usually the reasons don’t have to do with money. Instead, home buyers are focused on how the house will impact their family in the future. A study done by the Joint Center for House Studies at Harvard found there are four reasons people buy a home. Those reasons include schools for your children, a safe environment, more room for your family to grow, and control of your own space.
These factors are the most common reasons people look to buy a new home. When you ask yourself why you are looking to purchase a home, do any of those factors come up? Spend time with your spouse or family members who are involved in this decision and determine why you want a home in the first place. Creating this list will help when searching for a home and can help your real estate agent find the best home for your needs.
2. What is the Trend with Home Values?
Our current economy and housing market is strong. That means home values and mortgage rates are increasing. If you are looking to purchase a home but want to stay within a budget, it may be in your best interest to move quickly. It is forecasted for these trends to continue in an upward motion, causing home values to continue to increase.
3. What About Current Mortgage Rates?
The ticket price is not the only thing you should be concerned with when purchasing a home. Mortgage rates are always changing and can have a huge impact on your monthly payments. Current trends show mortgage rates are rising. This is something to consider if you are debating the right time to purchase a home, since the rates may be even higher down the road.
Bottom Line
You and your family are the only ones who can determine the right time to purchase your dream home. It is important to decide exactly why you want a new home for your family and decide on a budget that will be comfortable moving forward. This budget may affect the amount of time you have to search for a home, since home prices and mortgage rates are increasing. 2019-01-21T14:23:00-07:002019-01-21T14:25:27-07:00Teena Regantag:teenareganteam.com,2012-09-20:1731Will Increasing Mortgage Rates Impact Home Prices?<img src="https://assets.site-static.com/userfiles/1238/image/mortgage-rate-projections.jpg" alt="Will Increasing Mortgage Rates Impact Home Prices? " title="Will Increasing Mortgage Rates Impact Home Prices? " height="410" width="750" />
There has been some discussion recently on home prices in relation to mortgage rates. Some believe if there is a rapid rise of mortgage rates, home prices should decrease. Logically it makes the most sense for the price of the house to drop when interest rates are rising, but this is not always the case.
This theory of home prices decreasing is typically discussed by future home buyers. As a buyer you would like to think if you are paying higher rates on your mortgage, you should be able to see a decrease in cost somewhere else. Unfortunately, these rates are rising because the economy is in better shape. As the economy succeeds, incomes rise, rates go up, as well as the price of the home.
A recent study by the John Burns Real Estate Consulting found mortgage rates have very little impact on the cost of the home. The housing market and price increases are affected by things like job growth in the area and rising wages. Coincidentally, these same factors are causing the rise in the mortgage rates since people can afford to take out more.
Bottom Line
As the economy progresses and strengthens, mortgage rates and home prices will fluctuate. It is a misconception as rates increase, home prices will decrease. Advances in the economy have shown that rates and home prices are more likely to increase together.2019-01-21T14:23:00-07:002019-01-21T14:25:23-07:00Teena Regan