Riding through the Roller Coasters of Home Buying

This Blog will take us through the Adventures of Home Buying.  The Home Buying Process can be a real Roller Coaster Ride!

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You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

May 24, 2018

Feeling Nostalgic

I am feeling a little nostalgic.  My Aunt and Mother were going through some of my late Grandmother's (Flora) papers recently and found this little gem!

Pittsburgh Realtor Magazine December 1927

It is a Real Estate Magazine from Pittsburgh, PA in December 1927.  My Grandmother, Flora, entered a contest when she was 14 yrs old, entitled "Own a Home Essay Contest".  Back in 1927, it wasn't all the common to own your own home, and my great grandparents did not own a home at the time.  There were a lot of renters back then.  It seems even back then people were pointing out the values of purchasing a home instead of giving all the benefits to a landlord. 

At 14 years old, Flora, my grandmother, weighed the differences between paying rent vs. paying a mortgage.  She also addressed pride in ownership.  She mentioned that if someone makes improvements to a home that they own, the improvements usually increase the value of the home.  When a tenant makes an improvement it is usually for comfort while living there.  And in turn, a landlord usually will only improve what is necessary in order to keep it rented.  She goes on to say that if you own your home you are saving for your future, whereas a renter is not saving (equity) for their future, the landlord gets that benefit.  

She talks about how home owners are free to express themselves in any way they desire in the home, while renters are restricted to the tastes of the landlord.  She says that homeowners have a sense of security that renters do not.  Renters never know when a landlord might not renew a lease or ask them to leave.  She says "this security [home ownership] is a great aid to contentment." At one point she discusses "The homeowner may fix a room for his daughter in a way that gives her the most pleasure without worrying particularly about the expense of such an arrangement being wasted, but with security of mind he can make these alterations to please his daughter with the knowledge that he is the master of his own destiny and can occupy his particular dwelling as long as he desires."  It makes me wonder if she was expressing a discussion or thought she had with her father.  Maybe she was wishing that her Dad would have done her room a certain way, but he said he couldn't because the landlord wouldn't like it.  

She wraps up her essay by discussing that home owners tend to be more conscientious citizens.  That they pay attention and care for their communities than renters.  Remember this was from a 14 yr old girl, in the end of 1927.  I know plenty of renters that care about their community, so please don't get mad.  I am merely discussing my grandmother's essay from almost 100 years ago. (There are still ~some~ renters that don't care about anything) Her point seemed to be that renters usually don't worry about property values and community issues because they don't have the same investment that a home owner has. 

Fast forward to 2018.  Some of the same points still hold true.  You gain tax benefits, equity, security, and other perks and profits as home owners.  As renters, you are giving your hard earned money to a landlord with no return on your investment. Some landlords, in this current market, are requiring renters to have a credit score over 700!  If you have a credit score of over 700, you probably can buy your own home and save all the benefits for yourself! 

Many current renters do not know that they may actually qualify to purchase their own home.  There are many programs available with down payment assistance, first time home buyer programs, and many more ways to help you purchase a home.  Don't be afraid to ask.  Just because you ask, does not mean you are now committed. If you don't ask, you will never know.  

If you would like to get a snapshot of where you are and if you qualify to buy your own home, please call us and we can get you information to get you started.  All you have to do is ask!  602-300-1002 

 

PS My Grandmother did win the first prize in her district.  She won $25.00!  The average income in Pittsburgh, Pa, 1927 was $66.00/week. 

 

Posted in New Buyer
April 24, 2018

Do you think I can buy a house?

Do you think I can buy a house?  

You probably can!

 It is so intimidating.  I don't even know where to start!      

You need to start by talking with a Lender.  They can give you a snapshot of where you are and what you need to do to accomplish your goal of buying a house.  Use a good lender that is available when you are.  One that will text, email, or talk on the phone with you.  They will ask you some questions and can tell you pretty quick what things look like.  They can tell you if they have a program that fits your needs and can help you buy a home.  It will usually only take 15-20 minutes, initially.

 

Ok, the Lender said I can buy a house.  Now what???

This is the fun part!  You call us and tell us what the lender said.  We ask you what you are looking for in a home.  Then we take your answers and search to see what is available that fits your price, your needs, and as close to your wants as possible.  We take the time to look at the list carefully and only send you properties that closely fit your search criteria.  We try to save you time searching the internet or driving around looking.  Our thought is that we don't want you to fall in love with something you can't afford, your loan doesn't qualify for, or something out of your control that would          prevent you from getting that house.  

  

You send me a list. Then what happens?

You choose that houses you like and send us the addresses and tell us when you are available to go see them. We set up those appointments and go look at houses.  

 

It can be a very intimidating, roller coaster of a process.  We try to take as much mystery out of it as we can.  We want you to be able to make an informed decision.  For some, this is the biggest purchase they will ever make in their lives.  We want you to have confidence in your choice.  We will be there with you every step of the way.  Whether this is your first home purchase or your 50th.  We want you to know that we are there helping you.  

 

Since this is our first blog posting, let us know how we did.  Comment below and tell us if you like the format, content, etc.  Let us know if there is a topic you want to learn more about.  Or just tell us how your day is going!  :)

 

 

 

 

Posted in New Buyer
July 31, 2017

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We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates