tag:blogger.com,1999:blog-65120852171842393552024-02-20T20:28:55.582-08:00Carolina Real Estate with Mary LynnMary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.comBlogger83125tag:blogger.com,1999:blog-6512085217184239355.post-29026314228748889222022-01-25T14:45:00.000-08:002022-01-25T14:45:02.761-08:00A Return to ‘Normal’? The State of Real Estate in 2022<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiQpG0Ga0FLwcV-pazLlA0TDVgFciZ2-ra4ggi9bDfJeSOU4LAQwrAP1UlTBbLhKIE0Lc3D8c5K5MaWPFTp9HDpFRshD6ia9MGt08aoEiX5JD2qEGZR_ZM5QqVQB3pSZcqVjRZLUhemQHdoRiL632_GVHSVLvETr5pqyCBezoX4CKE2ZxrMUQwPRzSALg=s1200" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="628" data-original-width="1200" height="334" src="https://blogger.googleusercontent.com/img/a/AVvXsEiQpG0Ga0FLwcV-pazLlA0TDVgFciZ2-ra4ggi9bDfJeSOU4LAQwrAP1UlTBbLhKIE0Lc3D8c5K5MaWPFTp9HDpFRshD6ia9MGt08aoEiX5JD2qEGZR_ZM5QqVQB3pSZcqVjRZLUhemQHdoRiL632_GVHSVLvETr5pqyCBezoX4CKE2ZxrMUQwPRzSALg=w639-h334" width="639" /></a></div>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p><p class="MsoNormal">Last year was one for the real estate history
books. The pandemic helped usher in a buying frenzy that caused home prices to
soar nationwide by a record 19.9% between August 2020 and August 2021.<sup>1</sup></p>
<p class="MsoNormal">However, there were signs in the fourth
quarter that the red-hot housing market was beginning to simmer down. In the
month of October, only 60.3% of sales involved a bidding war—down from a high
of 74.5% in April.<sup>2</sup> While this trend could be attributed to
seasonality, it could also be a signal that the real estate run-up may have
passed its peak.</p>
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="EN"><o:p> </o:p></span></b>So what’s ahead for the U.S. housing market in
2022? Here’s where industry experts predict the market is headed in the coming
year.</p>
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="EN"><o:p> </o:p></span></b><b><span lang="EN"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="EN">MORTGAGE
RATES WILL CREEP UP<o:p></o:p></span></b></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>Most economists expect to see mortgage rates
gradually rise this year after hitting record lows in late 2020 and early 2021.<sup>3</sup></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>Freddie Mac forecasts the 30-year fixed-rate
mortgage will average 3.5% in 2022, up from around 3% in 2021.<sup>4</sup></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>The Mortgage Bankers Association predicts that
rates will tick up to 4% by the end of the year. "Mortgage lenders and
borrowers should expect rising mortgage rates over the next year, as stronger
economic growth pushes Treasury yields higher," said Mike Fratantoni,
chief economist for the Mortgage Bankers Association at their 2001 Annual
Convention & Expo in October.<sup>5</sup></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>However, it’s important to keep in mind that
even a 4% mortgage rate is low when compared to historical standards. According
to industry trade blog<i> </i>The Mortgage
Reports<i>,</i> “Between 1971 and December
2020, 30-year mortgage rates averaged 7.89%.”<sup>6</sup></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span><b><i><span lang="EN">What does it mean for you? </span></i></b><span lang="EN">Low
mortgage rates can reduce your monthly payment and make homeownership more
affordable. Fortunately, there’s still time to lock in a historically-low rate.
Whether you’re hoping to purchase a new home or refinance an existing mortgage,
act soon before rates go up any further. We’d be happy to connect you with a
trusted lending professional in our network.</span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span><b><span lang="EN">THE
MARKET WILL BECOME MORE BALANCED</span></b></p>
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="EN"><o:p> </o:p></span></b>In 2021, we experienced one of the most
competitive real estate markets ever. Fears about the virus and a shift to
remote work triggered a huge uptick in demand. At the same time, many existing
homeowners delayed their plans to sell, and supply and labor shortages hindered
new construction.</p>
<p class="MsoNormal">This led to an extreme market imbalance that
benefitted sellers and frustrated buyers. According to George Ratiu, director
of economic research at Realtor.com, “Prices and sellers reached for the moon
[last] year. It looks like we are now about to move back to earth.”<sup>7</sup></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>Data from Realtor.com released in November
showed that listing price reductions had more than doubled since February 2021.
And the average days on market (an indicator of how long it takes a home to
sell) has been slowly creeping up since June.<sup>7</sup></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>What’s causing this change in market dynamics?
The real estate market typically slows down in the fall and winter. But
economists also suspect a fundamental shift in supply and demand.</p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>At the National Association of Realtors’
annual conference last November, the group’s chief economist, Lawrence Yun,
told attendees that he expects increased supply to come from an uptick in new
construction—which is already underway—and an end to the mortgage forbearance
program. “With more housing inventory to hit the market, the intense multiple
offers will start to ease,” he said.<sup>8</sup></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>Demand is also predicted to wane slightly in
the coming year. Rising mortgage rates and record-high prices have made
homeownership unaffordable for a growing number of Americans. And in a recent
Reuters poll, nearly 80% of property analysts said they expect housing
affordability to worsen over the next several years.<sup>9</sup></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span><b><i><span lang="EN">What does it mean for you? </span></i></b><span lang="EN">If
you struggled to buy a home last year, there may be some relief on the horizon.
Increased supply and softening demand could make it easier to finally secure
the home of your dreams. If you’re a seller, it’s still a great time to cash
out your big equity gains! And with more inventory on the market, you’ll have
an easier time finding your next home. Reach out for a free consultation so we
can discuss your specific needs and goals.</span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p><p class="MsoNormal"><span lang="EN"><o:p> </o:p></span><b><span lang="EN">HOME
PRICES LIKELY TO KEEP CLIMBING, BUT AT A SLOWER PACE</span></b></p>
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="EN"><o:p> </o:p></span></b>Nationally, home prices rose an estimated
16.8% in 2021.<sup>8</sup> But the average rate of appreciation is expected to
slow down in 2022.</p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>Danielle Hale, chief economist at Realtor.com,
told Yahoo! News, “Home asking prices have decelerated in the second half of
2021, with median listing price growth slipping from a peak of 17.2% in April
to just 8.6% in October.”<sup>10</sup></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>But experts disagree about how much more
property values can continue to climb this year. Goldman Sachs predicts that
home prices will rise by 13.5%, while Fannie Mae and Freddie Mac are
forecasting a 7.9% and 7% rate of appreciation, respectively.<sup>2</sup></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>However, not all analysts are as bullish. The
National Association of Realtors predicts a 2.8% rate of appreciation for
existing homes and 4.4% for new homes, while the Mortgage Bankers Association
expects the average home price to decrease by 2.5% by the end of the year.<sup>10,2</sup></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>According to Hale, “With prices near all-time
highs and mortgage rates expected to rise, we expect this slowdown in prices to
continue.”<sup>10</sup></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span><b><i><span lang="EN">What does it mean for you?</span></i></b><span lang="EN">
If you’re a buyer who has been waiting on the sidelines for home prices to
drop, you may be out of luck. Even if home prices dip slightly (and most
economists expect them to rise) any savings are likely to be offset by higher
mortgage rates. The good news is that decreased competition means more choice
and less likelihood of a bidding war. We can help you get the most for your
money in today’s market.</span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span><b><span lang="EN">RENTS
WILL CONTINUE TO RISE</span></b></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>Along with home, gasoline, and used vehicle
prices, rent prices rose dramatically last year. According to CoreLogic, in
September, rents for single-family homes were up 10.2% nationally year over
year.<sup>11</sup> And economists at Realtor.com expect them to climb another
7.1% in 2022.<sup>12</sup></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>“Homes are expensive now...but for most
people, the comparison that is most important is how that cost of homeownership
is going to compare to the cost of renting,” Zillow Senior Economist Jeff
Tucker told CNBC in November.<sup>13</sup></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>Tucker also pointed out that rent is less
predictable than a mortgage—and more likely to go up along with inflation.<sup>13</sup></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>Real assets, like real estate, are often used
as a hedge against inflation. That’s because property values typically rise
with inflation.<sup>14</sup> And when a homeowner takes out a mortgage, they
lock in a set housing payment for the next 30 years.</p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>In contrast, renters are at the mercy of the
market—and they don’t gain any of the benefits of homeownership, like tax
deductions, equity, or appreciation.</p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>George Ratiu of Realtor.com told CNBC that he
advises buyers to consider their budget and time frame. If they plan to stay in
the home for at least three to five years, he believes it often makes sense to
buy.<sup>13</sup></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>Fortunately, it’s shaping up to be a better
year for buyers. “I think 2022 has the promise of providing less competition, a
lot more homes to choose from, and, as a result, a lot more approachable
prices,” Ratiu said.<sup>13</sup></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span><b><i><span lang="EN">What does it mean for you? </span></i></b><span lang="EN">Both
property and rent prices are expected to continue rising. But when you purchase
a home with a fixed-rate mortgage, you can rest assured knowing that your
monthly mortgage payment will never go up. Whether you’re a first-time
homebuyer or a real estate investor, I can help you make the most of today’s
real estate market.</span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span> </p>
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="EN">I'M HERE TO GUIDE YOU<o:p></o:p></span></b></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>While national real estate numbers and
predictions can provide a “big picture” outlook for the year, real estate is
local. And as a local market expert, I can guide you through the ins and outs
of our market and the local issues that are likely to drive home values in your
particular neighborhood.</p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span>If you’re considering buying or selling a home
in 2022, contact me now to schedule a free consultation. I’ll work with you to
develop an action plan to meet your real estate goals this year.</p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span><span style="font-size: 9pt;">Sources:</span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Fortune -<br />
</span><span lang="EN"><a href="https://fortune.com/2021/11/04/us-home-prices-real-estate-forecast-2022-outlook/"><span style="background: white; color: #1155cc; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">https://fortune.com/2021/11/04/us-home-prices-real-estate-forecast-2022-outlook/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">Fortune -<br />
</span><span lang="EN"><a href="https://fortune.com/2021/11/29/housing-market-real-estate-predictions-2022-forecast/"><span style="background: white; color: #1155cc; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">https://fortune.com/2021/11/29/housing-market-real-estate-predictions-2022-forecast/</span></a></span><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">Freddie Mac -<br />
</span><span lang="EN"><a href="https://www.google.com/url?q=http://www.freddiemac.com/pmms/pmms30.html&sa=D&source=docs&ust=1638967830220000&usg=AOvVaw0aD3U0D9M-QZg6IJ9RxDDz"><span style="background: white; color: #1155cc; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">http://www.freddiemac.com/pmms/pmms30.html</span></a></span><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><span style="mso-list: Ignore;">4.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">Freddie Mac - </span><span lang="EN"><a href="https://freddiemac.gcs-web.com/news-releases/news-release-details/freddie-mac-strong-housing-market-will-continue-even-rates-and"><span style="background: white; color: #1155cc; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">https://freddiemac.gcs-web.com/news-releases/news-release-details/freddie-mac-strong-housing-market-will-continue-even-rates-and</span></a></span><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><span style="mso-list: Ignore;">5.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">Mortgage Bankers
Association -<br />
</span><span lang="EN"><a href="https://www.mba.org/2021-press-releases/october/mba-annual-forecast-purchase-originations-to-increase-9-percent-to-record-173-trillion-in-2022"><span style="background: white; color: #1155cc; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">https://www.mba.org/2021-press-releases/october/mba-annual-forecast-purchase-originations-to-increase-9-percent-to-record-173-trillion-in-2022</span></a></span><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><span style="mso-list: Ignore;">6.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">The Mortgage Reports
-<br />
</span><span lang="EN"><a href="https://themortgagereports.com/61853/30-year-mortgage-rates-chart"><span style="background: white; color: #1155cc; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">https://themortgagereports.com/61853/30-year-mortgage-rates-chart</span></a></span><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><span style="mso-list: Ignore;">7.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">Realtor.com -<br />
</span><span lang="EN"><a href="https://www.realtor.com/news/trends/has-housing-market-peaked/"><span style="background: white; color: #1155cc; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">https://www.realtor.com/news/trends/has-housing-market-peaked/</span></a></span><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><span style="mso-list: Ignore;">8.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">National Association
of Realtors -<br />
</span><span lang="EN"><a href="https://www.nar.realtor/newsroom/nars-yun-says-housing-market-doing-well-may-normalize-in-2022"><span style="background: white; color: #1a73e8; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">https://www.nar.realtor/newsroom/nars-yun-says-housing-market-doing-well-may-normalize-in-2022</span></a></span><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><span style="mso-list: Ignore;">9.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">Reuters -<br />
</span><span lang="EN"><a href="https://www.reuters.com/world/us/rise-us-house-prices-halve-next-year-affordability-worsen-2021-12-07/"><span style="background: white; color: #1a73e8; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">https://www.reuters.com/world/us/rise-us-house-prices-halve-next-year-affordability-worsen-2021-12-07/</span></a></span><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><span style="mso-list: Ignore;">10.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">Yahoo! News -<br />
</span><span lang="EN"><a href="https://www.yahoo.com/now/where-home-prices-headed-2022-130012748.html"><span style="background: white; color: #1a73e8; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">https://www.yahoo.com/now/where-home-prices-headed-2022-130012748.html</span></a></span><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><span style="mso-list: Ignore;">11.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">CNBC -<br />
</span><span lang="EN"><a href="https://www.cnbc.com/2021/11/16/inflation-rent-for-single-family-homes-surged-10percent-in-september.html"><span style="background: white; color: #1a73e8; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">https://www.cnbc.com/2021/11/16/inflation-rent-for-single-family-homes-surged-10percent-in-september.html</span></a></span><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><span style="mso-list: Ignore;">12.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">Realtor.com -<br />
</span><span lang="EN"><a href="https://www.realtor.com/news/trends/what-to-expect-in-2022-housing-market/"><span style="background: white; color: #1a73e8; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">https://www.realtor.com/news/trends/what-to-expect-in-2022-housing-market/</span></a></span><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><span style="mso-list: Ignore;">13.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">CNBC -<br />
</span><span lang="EN"><a href="https://www.cnbc.com/2021/11/23/rising-inflation-hot-housing-market-what-you-need-to-know-about-buying-a-home.html"><span style="background: white; color: #1a73e8; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">https://www.cnbc.com/2021/11/23/rising-inflation-hot-housing-market-what-you-need-to-know-about-buying-a-home.html</span></a></span><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><span style="mso-list: Ignore;">14.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">Money -<br />
</span><span lang="EN"><a href="https://money.com/inflation-2021-stocks-bitcoin-gold-reits-commodities/"><span style="background: white; color: #1a73e8; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;">https://money.com/inflation-2021-stocks-bitcoin-gold-reits-commodities/</span></a></span><span lang="EN" style="background: white; color: #3c4043; font-family: Roboto; font-size: 9.0pt; line-height: 115%; mso-bidi-font-family: Roboto; mso-fareast-font-family: Roboto; mso-highlight: white;"><o:p></o:p></span></p>Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-5423248223533481262021-02-25T10:35:00.000-08:002021-02-25T10:35:04.075-08:005 Inspiring Home Design and Remodeling Trends for 2021<p> </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWRpkFHK28lKDVgymbozo_LcEuONnN5pYIgRAud-utWcYDPOwtqdPIAZojscOlaRte7sFwT9tQ4SUyz8_DcRKpwCd0K1zwZS-5znBAcl0wP4vucpgzKc5aOeyPzAaf_JHO5ggwNRVMXR38/s1200/February+2021+-+MVP+-+Social+Media+Image+%2528Option+2%2529.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="628" data-original-width="1200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWRpkFHK28lKDVgymbozo_LcEuONnN5pYIgRAud-utWcYDPOwtqdPIAZojscOlaRte7sFwT9tQ4SUyz8_DcRKpwCd0K1zwZS-5znBAcl0wP4vucpgzKc5aOeyPzAaf_JHO5ggwNRVMXR38/s320/February+2021+-+MVP+-+Social+Media+Image+%2528Option+2%2529.jpg" width="320" /></a></div><br /><span style="font-family: Arial, sans-serif;"><br /></span><p></p><p><span style="font-family: Arial, sans-serif;">We’ve all
spent a lot more time at home</span><span style="font-family: Arial, sans-serif;"> over the past year</span><span style="font-family: Arial, sans-serif;">.
And for many of us (like me!), our homes have become our office, our classroom, our
gym—and most importantly, our safe haven during times of uncertainty. So it’s
no surprise to see that </span><span style="font-family: Arial, sans-serif;">design trends for 2021 </span><span style="font-family: Arial, sans-serif;">revolve
around soothing</span><span style="font-family: Arial, sans-serif;"> color palettes, </span><span style="font-family: Arial, sans-serif;">cozy character</span><span style="font-family: Arial, sans-serif;">, </span><span style="font-family: Arial, sans-serif;">and quiet retreats.</span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;">Even if
you don’t have immediate plans to buy or sell your home, I advise my clients
to be mindful of modern design preferences when planning a remodel or even
redecorating. Over-personalized or unpopular renovations could lower your
property’s value. And selecting out-of-style fixtures and finishes could cause
your home to feel dated quickly.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: Arial, sans-serif;">To help
inspire your design projects this year, I’ve rounded up five of the hottest
trends.</span><span style="font-family: Arial, sans-serif;"> </span><span style="font-family: Arial, sans-serif;">Keep in mind, not all of these
will work well in every house. If you plan to buy, list, or renovate your
property, give me a call. I can help you realize your vision and maximize the
impact of your investment.</span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><o:p> </o:p></span><span style="font-family: Arial, sans-serif;"> </span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;">1.
Uplifting Colors </span></b></p><div class="separator" style="clear: both; text-align: center;"><br /></div><p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="color: black; font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><o:p> </o:p></span><span style="font-family: Arial, sans-serif;">Colors
are gravitating toward </span><span style="font-family: Arial, sans-serif;">warm and happy shades
that convey a sense of coziness, comfort, and wellbeing. This year’s palettes
draw from earthy hues, warm neutrals, and
soothing blues and greens.<sup>1</sup></span></p>
<div class="separator" style="clear: both; text-align: center;"><br /></div><p></p><p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhrjcKY_YlGIUuwsKAaXRDYxWNC1xAmpfGYMHBAY8N_DGwxTGnJ_4TyqtEwTUG5FPvTTbCaW0N2rFTyJymswx0mB4WfrsHNB6jaEs5wp_Sz-u_njHSWVckmXsVmc3_DsooEMoIxUEbs8DEb/s966/color+photo.jpeg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="725" data-original-width="966" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhrjcKY_YlGIUuwsKAaXRDYxWNC1xAmpfGYMHBAY8N_DGwxTGnJ_4TyqtEwTUG5FPvTTbCaW0N2rFTyJymswx0mB4WfrsHNB6jaEs5wp_Sz-u_njHSWVckmXsVmc3_DsooEMoIxUEbs8DEb/s320/color+photo.jpeg" width="320" /></a></div><br /><span style="font-family: Arial, sans-serif;"><br /></span><p></p><p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: Arial, sans-serif;">While
white and gray are still safe options, expect to see alternative neutrals
become increasingly popular choices for walls, cabinets, and furnishings in
2021. For a fresh and sophisticated look, try one of these 2021 paint colors of
the year:</span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">●<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;">Aegean Teal (coastal blue) by Benjamin Moore<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">●<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;">Urbane Bronze (brownish-gray) by
Sherwin-Williams <o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">●<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;">Soft Candlelight (muted yellow) by Valspar <o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><o:p> </o:p></span><span style="font-family: Arial, sans-serif;">On
the opposite end of the spectrum, indigo, ruby, sapphire and plum are showing
up on everything from fireplace mantels and floating shelves to fabrics and
home accessories. These classic, rich hues can help </span><span style="font-family: Arial, sans-serif;">bring
warmth, depth, and a touch of luxury to your living space.</span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: Arial, sans-serif;">To incorporate these colors, designers recommend using the “60-30-10 Rule.”
Basically, choose a dominant color to cover 60% of your room. For example, your
walls, rugs, and sofa might all be varying shades of beige or gray. Then layer
in a secondary color for 30% of the room. This might include draperies and
accent furniture. Finally, select an accent color for 10% of your room, which
can be showcased through artwork and accessories.</span><sup style="font-family: Arial, sans-serif;">2</sup></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: Arial, sans-serif;"></span></p><div class="separator" style="clear: both; text-align: center;"><br /></div><p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;">2. Curated
Collections </span></b></p><p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: Arial, sans-serif;">After a
decade of minimalism, there’s been a shift towards highly-decorative and
personalized interiors that incorporate more color, texture, and character.
Clearly-defined styles (e.g., mid-century modern, industrial, modern farmhouse)
are being replaced by a curated look, with </span><span style="font-family: Arial, sans-serif;">furnishings,
fixtures, and accessories that appear to have been collected</span><span style="font-family: Arial, sans-serif;"> over time.</span><sup style="font-family: Arial, sans-serif;">3</sup></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhknPPlRdo14epX4qH-SBJJfrUV4STl-RaEZiApGMPzep4ldLds5rqCQ3GxM7gxZRBkDxyRhWMUq-qUwzTc39Pi2aJfD4RYibWItjkaYo8RzZwH0NriRO-HYC8WDfrG3GS2ahUlXwkPNXpH/s940/Untitled+design+%25281%2529.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="788" data-original-width="940" height="268" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhknPPlRdo14epX4qH-SBJJfrUV4STl-RaEZiApGMPzep4ldLds5rqCQ3GxM7gxZRBkDxyRhWMUq-qUwzTc39Pi2aJfD4RYibWItjkaYo8RzZwH0NriRO-HYC8WDfrG3GS2ahUlXwkPNXpH/w320-h268/Untitled+design+%25281%2529.png" width="320" /></a></div><br /><span style="font-family: Arial, sans-serif;"><br /></span><p></p><p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: Arial, sans-serif;">This
trend has extended to the kitchen, where atmosphere has become as important as
functionality. </span><span style="font-family: Arial, sans-serif;">The ubiquitous all-white kitchen is fading in popularity as homeowners
opt for unique touches that help individualize their space. If you’re planning
a kitchen remodel, consider mixing in other neutrals—like gray, black, and
light wood—for a more custom, pieced-together look. And instead of a subway
tile backsplash, check out zellige tile (i.e., handmade, square Moroccan tiles)
for a modern alternative with old-world flair.<sup>4</sup></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;">3.
Reimagined Living Spaces<span style="color: black;"><o:p></o:p></span></span></b></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><o:p> </o:p></span><span style="font-family: Arial, sans-serif;">The
pandemic forced many of us to rethink our home design. From multipurpose rooms
to converted closets to backyard cottages, we’ve had to find creative ways to
manage virtual meetings and school. And designers expect these changes to
impact the way we live and work for years to come.</span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;">For
example, some home builders are predicting the end of open-concept floor plans
as we know them.<sup>5</sup> Instead, buyers are searching for cozier spaces
with more separation and privacy. Cue the addition of alcoves, pocket doors,
and sliding partitions that enable homeowners to section off rooms as needed.<sup>4
<span style="color: black;"><o:p></o:p></span></sup></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><o:p> </o:p></span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtDSON4vBDIA2edhNSB3-PwsJ3vluAiE9Q8kk7Mf6Qzi7-E3YBVH_JB_jKtaSnYWH_eUOL3HBu5OhnP7pVHeKQqL9pdxX_TAYZWZY3Fl3ZcMYB0UT8H6AP4Yu8RtSk_Dqm6Ef3wMgE-qrP/s940/Untitled+design+%25282%2529.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="788" data-original-width="940" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtDSON4vBDIA2edhNSB3-PwsJ3vluAiE9Q8kk7Mf6Qzi7-E3YBVH_JB_jKtaSnYWH_eUOL3HBu5OhnP7pVHeKQqL9pdxX_TAYZWZY3Fl3ZcMYB0UT8H6AP4Yu8RtSk_Dqm6Ef3wMgE-qrP/s320/Untitled+design+%25282%2529.png" width="320" /></a></div><br /><p></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;">The
necessity of a home office space is also here to stay. But what if you don’t
have a dedicated room? Alternative workspaces have become increasingly popular.
In fact, one of the biggest trends on Pinterest this year is the
“cloffice”—essentially a spare closet turned home office. Searches for “home
library design” and “bookshelf room divider” are on the rise, as well.<sup>6<o:p></o:p></sup></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;">4.
Staycation<span style="color: black;">-</span>Worthy Retreats <span style="color: black;"><o:p></o:p></span></span></b></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="color: black; font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><o:p> </o:p></span><span style="font-family: Arial, sans-serif;">With
travel options limited right now, more homeowners are turning their vacation
budgets into staycation budgets. Essentially, recreate the resort experience at
home—and enjoy it 365 days a year!</span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><o:p> </o:p></span><span style="font-family: Arial, sans-serif;">Bedrooms
should provide a soothing sanctuary for rest and relaxation. But this year,
minimalist decor and muted colors are giving way to bolder statement pieces. To
create a “boutique hotel” look in your own bedroom, start with a large,
upholstered headboard in a rich color or pattern. Layer on organic linen bedding
and a chunky wool throw, then complete the look with a pair of matching bedside
wall lights.</span><sup style="font-family: Arial, sans-serif;">7</sup></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><o:p> </o:p></span><span style="font-family: Arial, sans-serif;">Carry
those vacation-vibes into your bathroom with some of the top luxury upgrades
for 2021. Curbless showers and freestanding tubs continue to be popular choices
that offer a modern and spacious feel, and large-format shower tiles with
minimal grout lines make clean up a breeze. Add a floating vanity and
aromatherapy shower head for the ultimate spa-like experience.</span><sup style="font-family: Arial, sans-serif;">4</sup></p><p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><sup style="font-family: Arial, sans-serif;"><br /></sup></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;">5. Outdoor
Upgrades<span style="color: black;"><o:p></o:p></span></span></b></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="color: black; font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><o:p> </o:p></span><span style="font-family: Arial, sans-serif;">From
exercise to gardening to safer options for entertaining, the pandemic has led
homeowners to utilize their outdoor spaces more than ever. In fact, backyard
swimming pool sales skyrocketed in 2020, with many installers reporting
unprecedented demand.</span><sup style="font-family: Arial, sans-serif;">8</sup><span style="font-family: Arial, sans-serif;"> But a new pool isn’t the only way homeowners
can elevate their outdoor areas this year.</span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;">The home
design website Houzz recently named 2021 “the year of the pergola.” They’re a
relatively quick and affordable option to add shade and ambiance to your
backyard.<sup>4</sup> Another hot trend? Decked-out, custom playgrounds for
exercising (and occupying) the youngest family members who may be missing out
on school and extracurricular activities.<sup>9 <o:p></o:p></sup></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><o:p> </o:p></span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqf9-ejW3t-ZIWBECJWpmWf-wtdHY7cOhf3AmZOHqDC7IY_ccrxfXm6zmL77bv_SAu_pcaDHLCbm9wqN-rnhqldQzZYy52RDK04rJtUkxR6Pqq3POLKaBOCPoj414uaw0R-_uPK_kw2Kvy/s1080/February+2021+-+outside.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1080" data-original-width="1080" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqf9-ejW3t-ZIWBECJWpmWf-wtdHY7cOhf3AmZOHqDC7IY_ccrxfXm6zmL77bv_SAu_pcaDHLCbm9wqN-rnhqldQzZYy52RDK04rJtUkxR6Pqq3POLKaBOCPoj414uaw0R-_uPK_kw2Kvy/s320/February+2021+-+outside.jpg" /></a></div><br /><p></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;">But don’t
limit your budget to the backyard. Landscapers are reporting an increase in
front yard enhancements, including porch additions and expanded seating
options. These “social front yards” enable neighbors to stay connected while
observing social-distancing guidelines.<sup>10</sup><span style="color: black;"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><br /></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;">DESIGNED TO SELL<o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><o:p> </o:p></span></b><span style="font-family: Arial, sans-serif;">Are you
contemplating a remodel? Want to find out how upgrades could impact the value
of your home? Buyer preferences vary greatly by neighborhood and price range.
I can share my insights and offer tips on how to maximize the return on your
investment. And if you’re in the market to sell, I can run a Comparative
Market Analysis on your home to find out how it compares to others in the area.
Contact me to schedule a free consultation!</span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial",sans-serif; mso-fareast-font-family: Arial;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in;"><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">Sources:<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l1 level1 lfo2; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">Good Housekeeping -<br />
</span><a href="https://www.goodhousekeeping.com/home/decorating-ideas/g34762178/home-decor-trends-2021/"><span style="color: windowtext; font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">https://www.goodhousekeeping.com/home/decorating-ideas/g34762178/home-decor-trends-2021/</span></a><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l1 level1 lfo2; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">The Spruce – <o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in;"><a href="https://www.thespruce.com/timeless-color-rule-797859"><span style="color: windowtext; font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">https://www.thespruce.com/timeless-color-rule-797859
</span></a><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l1 level1 lfo2; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">Homes & Gardens – <o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in;"><a href="https://www.homesandgardens.com/news/interior-design-trends-2021"><span style="color: windowtext; font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">https://www.homesandgardens.com/news/interior-design-trends-2021</span></a><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l1 level1 lfo2; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">4.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">Houzz – <o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in;"><a href="https://www.houzz.com/magazine/36-home-design-trends-ready-for-takeoff-in-2021-stsetivw-vs~142229851"><span style="color: windowtext; font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">https://www.houzz.com/magazine/36-home-design-trends-ready-for-takeoff-in-2021-stsetivw-vs~142229851</span></a><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l1 level1 lfo2; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">5.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">Zillow -<br />
</span><a href="https://www.prnewswire.com/news-releases/the-end-of-open-floor-plans-how-homes-will-look-different-after-coronavirus-301080662.html"><span style="color: windowtext; font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">https://www.prnewswire.com/news-releases/the-end-of-open-floor-plans-how-homes-will-look-different-after-coronavirus-301080662.html</span></a><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l1 level1 lfo2; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">6.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">Pinterest -<br />
</span><a href="https://business.pinterest.com/content/pinterest-predicts/more-door/"><span style="color: windowtext; font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">https://business.pinterest.com/content/pinterest-predicts/more-door/</span></a><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l1 level1 lfo2; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">7.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">Homes & Gardens – <br />
</span><a href="https://www.homesandgardens.com/spaces/decorating/bedroom-trends-224944"><span style="color: windowtext; font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">https://www.homesandgardens.com/spaces/decorating/bedroom-trends-224944</span></a><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"> <o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l1 level1 lfo2; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">8.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">Reuters -<br />
</span><a href="https://www.reuters.com/article/us-health-coronavirus-pools/pool-sales-skyrocket-as-consumers-splash-out-on-coronavirus-cocoons-idUSKCN2520HW"><span style="color: windowtext; font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">https://www.reuters.com/article/us-health-coronavirus-pools/pool-sales-skyrocket-as-consumers-splash-out-on-coronavirus-cocoons-idUSKCN2520HW</span></a><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l1 level1 lfo2; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">9.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">Realtor.com -<br />
</span><a href="https://www.realtor.com/advice/home-improvement/2021-design-trends/"><span style="color: windowtext; font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">https://www.realtor.com/advice/home-improvement/2021-design-trends/</span></a><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 115%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l1 level1 lfo2; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">10.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">Realtor Magazine -<br />
</span><a href="https://magazine.realtor/daily-news/2020/12/09/4-outdoor-home-trends-that-may-gain-steam-in-2021"><span style="color: windowtext; font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;">https://magazine.realtor/daily-news/2020/12/09/4-outdoor-home-trends-that-may-gain-steam-in-2021</span></a><span style="font-family: "Arial",sans-serif; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: Arial;"><o:p></o:p></span></p>Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-49572329019684252372020-09-09T08:14:00.000-07:002020-09-09T08:14:18.496-07:00Move-Up vs. Second Home: Which One Is Right For You?<p></p><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhB24hDezvyDZSwCTy4thBH17a_-rsWcKOCv1RkUtt1AxpXRiWu9_xs-s1FrXlsgkJtEdIYzqnoMGYyJMolUhQZe89sWMVU01V1P4cAl86ztIxxG7VPPNlNvksyy2z_S9t27A9MLRLHOS_5/s2048/September+2020+-++MVP+-+Social+Media+Image+B.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1075" data-original-width="2048" height="263" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhB24hDezvyDZSwCTy4thBH17a_-rsWcKOCv1RkUtt1AxpXRiWu9_xs-s1FrXlsgkJtEdIYzqnoMGYyJMolUhQZe89sWMVU01V1P4cAl86ztIxxG7VPPNlNvksyy2z_S9t27A9MLRLHOS_5/w500-h263/September+2020+-++MVP+-+Social+Media+Image+B.jpg" width="500" /></a></div><br /> <p></p>
<p class="MsoNormal"><b><span lang="EN" style="font-size: 12pt; line-height: 115%;"> </span></b>The pandemic has changed the way many of us
live, work, and attend school—and those changes have impacted our priorities
when it comes to choosing a home.</p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN">According to a recent survey by The Harris
Poll, 75% of respondents who have begun working remotely would like to continue
doing so—and 66% would consider moving if they no longer had to commute as
often. Some of the top reasons were to gain a dedicated office space (31%), a
larger home (30%), and more rooms overall (29%).<sup>1</sup> <o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN">And now that virtual school has become a
reality for many families, that need for additional space has only intensified.
A growing number of buyers are choosing homes further from town as they seek
out more room and less congestion. In fact, a recent survey found that nearly
40% of urban dwellers had considered leaving the city because of the COVID-19
outbreak.<sup>2<o:p></o:p></sup></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN">But not everyone is permanently sold on
suburban or rural life. Instead, some are choosing to purchase a second home as
a co-primary residence or frequent getaway. Without the requirements of a
five-day commute, many homeowners feel less tethered to their primary residence
and are eager for a change of scenery after spending so much time at home.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN">If you’re feeling cramped in your current
space, you’ve probably considered a move. But what type of home would suit you
best: a move-up home or a second home? Let’s explore each option to help you
determine which one is right for you.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><b><span lang="EN">WHY
CHOOSE A MOVE-UP HOME?</span></b><span lang="EN"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN">A move-up home is typically a larger or nicer
home. It’s a great choice for families or individuals who simply need more
space, a better location, or want features their current home doesn’t
offer—like an inground pool, a different floor plan, or a dedicated home
office. <o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN">Most move-up buyers choose to sell their
current home and use the proceeds as a downpayment on their next one. If you’re
struggling with a lack of functional or outdoor space in your current home, a
move-up home can greatly improve your everyday life. And with mortgage rates at
their lowest level in history, you may be surprised how much home you can
afford to buy without increasing your monthly payment.<sup>3,4</sup><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; mso-yfti-tbllook: 1536; width: 624px;">
<tbody><tr>
<td style="border: 1pt solid black; padding: 5pt; width: 6.5in;" valign="top" width="624">
<p class="MsoNormal" style="border: none; line-height: normal; mso-border-shadow: yes; mso-padding-alt: 31.0pt 31.0pt 31.0pt 31.0pt; mso-pagination: none;"><i><span lang="EN">To learn more about mortgage
rates, contact us for a free copy of our recent report! <br />
<b>“Lowest Mortgage Rates in History:
What It Means for Homeowners and Buyers”<o:p></o:p></b></span></i></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN">One major benefit of choosing a move-up home
is that you can typically afford a nicer place if you spend your entire budget
on one property. However, if you’re longing for that vacation vibe, a second
home may be a better choice for you.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><b><span lang="EN"> </span></b></p>
<p class="MsoNormal"><b><span lang="EN">WHY
CHOOSE A SECOND HOME?<o:p></o:p></span></b></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN">Once reserved for the ultra-wealthy, second
homes have become more mainstream. Home sales are surging in many resort and
bedroom communities as city dwellers search for a place to escape the crowds
and quarantine in comfort.<sup>5</sup> And with air travel on hold for many
families, some are channeling their vacation budgets into vacation homes that
can be utilized throughout the year. <o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN">A second home can also be a good option if
you’re preparing for retirement. By purchasing your retirement home now, you can
lock in a low interest rate, start paying down the mortgage, and begin enjoying
the perks of retirement living while you’re still fit and active. Plus, it’s
easier to qualify for a mortgage while you’re employed, although you may be
charged a slightly higher interest rate than on a primary home loan.<sup>6<o:p></o:p></sup></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN">One advantage of choosing a second home is
that you can offset a portion of the costs—and in some cases turn a profit—by
renting it out on a platform like Airbnb or Vrbo. However, be sure to consult
with a real estate professional or rental management company to get a realistic
sense of the property’s true income potential.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><b><span lang="EN">WHICH
ONE IS RIGHT FOR ME?<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span lang="EN"> </span></b></p>
<p class="MsoNormal"><span lang="EN">You may read this and think: I’d really like
both a move-up home AND a second home! But if you’re dealing with a limited
budget (aren’t we all?), you’ll probably need to make a choice. These three tactics can help you decide which
option is right for you.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<ol start="1" style="margin-top: 0in;" type="1">
<li class="MsoNormal"><b><span lang="EN">Determine Your Time and Financial Budget<o:p></o:p></span></b></li>
</ol>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN">You may meet the bank’s qualifications to
purchase a home, but do you have the time, energy, and financial resources to
maintain it? This is an important question to ask yourself, no matter what type
of home you choose.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN">Most buyers realize that a second home will
mean double mortgages, utilities, taxes, and insurance. But consider all the
extra time and expense that goes into maintaining two properties. Two lawns to
mow. Two houses to clean. Two sets of systems and appliances that can
malfunction. Second homes aren’t always a vacation. Make sure you’re prepared
for the labor and carrying costs that go into maintaining another residence.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN">Of course, some move-up homes require <i>more</i> work than a second home. For
example, if your move-up option is a major fixer-upper, you’ll probably invest
more energy and capital than you would on a small vacation condo by the beach.
Have an honest discussion about how much time and money you want to spend on
your new property. Would a move-up home or a second home be a better fit given
your parameters?<o:p></o:p></span></p>
<p class="MsoNormal"><b><span lang="EN"> </span></b></p>
<ol start="2" style="margin-top: 0in;" type="1">
<li class="MsoNormal"><b><span lang="EN">Rank Your Priorities<o:p></o:p></span></b></li>
</ol>
<p class="MsoNormal"><b><span lang="EN"> </span></b></p>
<p class="MsoNormal"><span lang="EN">If you’re still undecided, make a wish list of
the characteristics you’d like in your new home. Then rank each item from most
to least important. This exercise can help you determine your “must-have”
features—and which ones you may need to sacrifice or delay. Here’s a sample to
help you get started:<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<div align="center">
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; mso-yfti-tbllook: 1536; width: 365px;">
<tbody><tr>
<td style="background: rgb(217, 217, 217); border: 1pt solid black; padding: 5pt; width: 38.25pt;" valign="top" width="51">
<p align="center" class="MsoNormal" style="line-height: normal; mso-pagination: none; text-align: center;"><b><span lang="EN">#<o:p></o:p></span></b></p>
</td>
<td style="background: rgb(217, 217, 217); border: 1pt solid black; mso-border-left-alt: solid black 1.0pt; padding: 5pt; width: 235.5pt;" valign="top" width="314">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><b><span lang="EN">FEATURE</span><span lang="EN"><o:p></o:p></span></b></p>
</td>
</tr>
<tr style="height: 23.25pt; mso-yfti-irow: 1;">
<td style="border: 1pt solid black; height: 23.25pt; mso-border-top-alt: solid black 1.0pt; padding: 5pt; width: 38.25pt;" valign="top" width="51">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN"> </span></p>
</td>
<td style="border-bottom: 1pt solid black; border-left: none; border-right: 1pt solid black; border-top: none; height: 23.25pt; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5pt; width: 235.5pt;" valign="top" width="314">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN">Dedicated home office<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td style="border: 1pt solid black; mso-border-top-alt: solid black 1.0pt; padding: 5pt; width: 38.25pt;" valign="top" width="51">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN"> </span></p>
</td>
<td style="border-bottom: 1pt solid black; border-left: none; border-right: 1pt solid black; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5pt; width: 235.5pt;" valign="top" width="314">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN">Extra bedroom<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td style="border: 1pt solid black; mso-border-top-alt: solid black 1.0pt; padding: 5pt; width: 38.25pt;" valign="top" width="51">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN"> </span></p>
</td>
<td style="border-bottom: 1pt solid black; border-left: none; border-right: 1pt solid black; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5pt; width: 235.5pt;" valign="top" width="314">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN">Pool<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td style="border: 1pt solid black; mso-border-top-alt: solid black 1.0pt; padding: 5pt; width: 38.25pt;" valign="top" width="51">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN"> </span></p>
</td>
<td style="border-bottom: 1pt solid black; border-left: none; border-right: 1pt solid black; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5pt; width: 235.5pt;" valign="top" width="314">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN">Walk to the beach<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td style="border: 1pt solid black; mso-border-top-alt: solid black 1.0pt; padding: 5pt; width: 38.25pt;" valign="top" width="51">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN"> </span></p>
</td>
<td style="border-bottom: 1pt solid black; border-left: none; border-right: 1pt solid black; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5pt; width: 235.5pt;" valign="top" width="314">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN">Big backyard<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td style="border: 1pt solid black; mso-border-top-alt: solid black 1.0pt; padding: 5pt; width: 38.25pt;" valign="top" width="51">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN"> </span></p>
</td>
<td style="border-bottom: 1pt solid black; border-left: none; border-right: 1pt solid black; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5pt; width: 235.5pt;" valign="top" width="314">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN">Close to friends and family<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td style="border: 1pt solid black; mso-border-top-alt: solid black 1.0pt; padding: 5pt; width: 38.25pt;" valign="top" width="51">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN"> </span></p>
</td>
<td style="border-bottom: 1pt solid black; border-left: none; border-right: 1pt solid black; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5pt; width: 235.5pt;" valign="top" width="314">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN">Short commute to the office<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td style="border: 1pt solid black; mso-border-top-alt: solid black 1.0pt; padding: 5pt; width: 38.25pt;" valign="top" width="51">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN"> </span></p>
</td>
<td style="border-bottom: 1pt solid black; border-left: none; border-right: 1pt solid black; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5pt; width: 235.5pt;" valign="top" width="314">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN">Investment potential<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
</div>
<p class="MsoNormal"><b><span lang="EN"> </span></b></p>
<p class="MsoNormal"><b><span lang="EN"> </span></b></p>
<ol start="3" style="margin-top: 0in;" type="1">
<li class="MsoNormal"><b><span lang="EN">Explore Your Options<o:p></o:p></span></b></li>
</ol>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN">Once you’ve determined your parameters and
priorities, it’s time to begin your home search. <o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN">If you’re still not sure whether a move-up
home or a second home is right for you, we can help.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN">Contact me to schedule a free consultation. I’ll
discuss your options and help you assess the pros and cons of each, given your
unique circumstances. <o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN">I can also send you property listings for both
move-up homes and second homes within your budget so you can better envision
each scenario. Sometimes, viewing listings of homes that meet your criteria can
make the decision clear.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><b><span lang="EN">LET’S
GET MOVING<o:p></o:p></span></b></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN">Whether you’re ready to make a move or need
help weighing your options, I’d love to help. I can determine your current
home’s value and show you local properties that fit within your budget and
lifestyle goals. Or, if your heart is set on a second home in another market, I
can refer you to an agent in your dream locale. Contact me today to schedule a
free, no-obligation consultation!<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"> </span></p>
<p class="MsoNormal" style="margin-left: 0.5in;"><span lang="EN"> </span></p>
<p class="MsoNormal"><span lang="EN" style="font-size: 9pt; line-height: 115%;">Sources:<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: 0.5in; mso-list: l1 level1 lfo1; text-indent: -0.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9pt; line-height: 115%;">1.<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><!--[endif]--><span lang="EN" style="font-size: 9pt; line-height: 115%;">Zillow -<br />
</span><span lang="EN"><a href="https://www.zillow.com/research/coronavirus-remote-work-suburbs-27046/"><span style="color: #1155cc; font-size: 9pt; line-height: 115%;">https://www.zillow.com/research/coronavirus-remote-work-suburbs-27046/</span></a></span><span lang="EN" style="font-size: 9pt; line-height: 115%;"> <o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: 0.5in; mso-list: l1 level1 lfo1; text-indent: -0.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9pt; line-height: 115%;">2.<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><!--[endif]--><span lang="EN" style="font-size: 9pt; line-height: 115%;">The Harris Poll -<br />
</span><span lang="EN"><a href="https://theharrispoll.com/should-you-flee-your-city-almost-40-have-considered-it-during-the-pandemic/"><span style="color: #1155cc; font-size: 9pt; line-height: 115%;">https://theharrispoll.com/should-you-flee-your-city-almost-40-have-considered-it-during-the-pandemic/</span></a></span><span lang="EN" style="font-size: 9pt; line-height: 115%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: 0.5in; mso-list: l1 level1 lfo1; text-indent: -0.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9pt; line-height: 115%;">3.<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><!--[endif]--><span lang="EN" style="font-size: 9pt; line-height: 115%;">MarketWatch -<br />
</span><span lang="EN"><a href="https://www.marketwatch.com/story/mortgage-rates-keeping-falling-so-will-they-finally-drop-to-0-2020-08-13"><span style="color: #1155cc; font-size: 9pt; line-height: 115%;">https://www.marketwatch.com/story/mortgage-rates-keeping-falling-so-will-they-finally-drop-to-0-2020-08-13</span></a></span><span lang="EN" style="font-size: 9pt; line-height: 115%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: 0.5in; mso-list: l1 level1 lfo1; text-indent: -0.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9pt; line-height: 115%;">4.<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><!--[endif]--><span lang="EN" style="font-size: 9pt; line-height: 115%;">Toronto Star -<br />
</span><span lang="EN"><a href="https://www.thestar.com/business/2020/08/07/you-can-get-a-fixed-rate-as-low-as-184-per-cent-which-is-unbelievable-low-mortgage-rates-driving-up-home-prices.html"><span style="color: #1155cc; font-size: 9pt; line-height: 115%;">https://www.thestar.com/business/2020/08/07/you-can-get-a-fixed-rate-as-low-as-184-per-cent-which-is-unbelievable-low-mortgage-rates-driving-up-home-prices.html</span></a></span><span lang="EN" style="font-size: 9pt; line-height: 115%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: 0.5in; mso-list: l1 level1 lfo1; text-indent: -0.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9pt; line-height: 115%;">5.<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><!--[endif]--><span lang="EN" style="font-size: 9pt; line-height: 115%;">Kiplinger -<br />
</span><span lang="EN"><a href="https://www.kiplinger.com/real-estate/buying-a-home/601091/timely-reasons-to-buy-a-vacation-home"><span style="color: #1155cc; font-size: 9pt; line-height: 115%;">https://www.kiplinger.com/real-estate/buying-a-home/601091/timely-reasons-to-buy-a-vacation-home</span></a></span><span lang="EN" style="font-size: 9pt; line-height: 115%;"><o:p></o:p></span></p>
<span face=""Arial",sans-serif" lang="EN" style="font-size: 9pt; line-height: 115%; mso-ansi-language: EN; mso-bidi-language: AR-SA; mso-fareast-font-family: Arial; mso-fareast-language: EN-US;">The Press-Enterprise -<br />
</span><span face=""Arial",sans-serif" lang="EN" style="font-size: 11pt; line-height: 115%; mso-ansi-language: EN; mso-bidi-language: AR-SA; mso-fareast-font-family: Arial; mso-fareast-language: EN-US;"><a href="https://www.pe.com/2018/11/17/5-tips-on-when-should-you-buy-a-retirement-house-hint-before-you-quit-work/"><span style="color: #1155cc; font-size: 9pt; line-height: 115%;">https://www.pe.com/2018/11/17/5-tips-on-when-should-you-buy-a-retirement-house-hint-before-you-quit-work/</span></a></span>Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-73024638693881481022020-08-21T14:32:00.002-07:002020-09-09T07:46:36.350-07:00This! ...With a Home Office, Near the Beach. Interview with the Agent.<h3 style="text-align: left;"><div style="text-align: center;"><span style="color: #ff00fe;"> 7500 Promontory Ct, Wilmington NC</span></div><div style="text-align: center;"><br /></div><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvrg9dbE4hN_pXHE0W4hQ1bMbHDi7kJXI8h72n9N_E5tb2dLi1VPQDjbzryLzENCwDssZzHPC8lUddXupcFx5Mbkm4QEYi0janXlxf_MQ4IY4fkJGDE0VOH6voIC3Fanzlm3zdEO_WHL0N/s2048/7500PromontoryFront.jpg" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="1364" data-original-width="2048" height="341" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvrg9dbE4hN_pXHE0W4hQ1bMbHDi7kJXI8h72n9N_E5tb2dLi1VPQDjbzryLzENCwDssZzHPC8lUddXupcFx5Mbkm4QEYi0janXlxf_MQ4IY4fkJGDE0VOH6voIC3Fanzlm3zdEO_WHL0N/w512-h341/7500PromontoryFront.jpg" width="512" /></a></td></tr></tbody></table></h3><h4 style="text-align: center;"><span style="color: #ff00fe;">Townhome: 3bed/2.5bath; 2,437 sq ft; 2-car garage </span></h4><div><b>An interview with the listing agent, Mary Lynn Blake, of Coldwell Banker Sea Coast Advantage:</b></div><div><b><br /></b></div><div><span style="color: #ff00fe;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgD1G5CrzEWZQ9MveBIjdTUaXl2oJEBmL8yGUqhO4Wngca1olKhfb80z2WkdWl_2LVH3bfiqFLIHDUCS7rKyCrQ8DoW_BRvM8dzEFxkL7iezPBPEnmktiBXXWLLxvQ4wBXyud_1RwXRLe9I/s1723/Screenshot+%2528277%2529.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="847" data-original-width="1723" height="130" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgD1G5CrzEWZQ9MveBIjdTUaXl2oJEBmL8yGUqhO4Wngca1olKhfb80z2WkdWl_2LVH3bfiqFLIHDUCS7rKyCrQ8DoW_BRvM8dzEFxkL7iezPBPEnmktiBXXWLLxvQ4wBXyud_1RwXRLe9I/w262-h130/Screenshot+%2528277%2529.png" width="262" /></a></div><h2 style="text-align: left;"><br /></h2><h2 style="text-align: left;">What makes this home special?</h2><div>I think there's a lot to love about 7500 Promontory Ct. -- Location. Size. Convenience. Price! If you want to live near the beach, but don't want to pay beach-front prices, this very spacious townhome could be just the ticket. This home is just 1.6 miles from beautiful Carolina Beach, 8 miles from my favorite beach, Fort Fisher State Recreation Area, and only 25 minutes from Historic Downtown Wilmington NC.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwBjsmLJ7Xn89ouiovLLyI8KKyxEfHJdPS6Je91s50Jc1GGHEcXFu3kJ4y1FawCtN4tiCxwbGAZf8XGkPeS7GjLiweXThr3Qx1X18QjeNBNiDm8fisHWwteo6i-2dos-s7dL04Zdxa7eMf/s2048/7500+Prom+14.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="2048" data-original-width="1536" height="328" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwBjsmLJ7Xn89ouiovLLyI8KKyxEfHJdPS6Je91s50Jc1GGHEcXFu3kJ4y1FawCtN4tiCxwbGAZf8XGkPeS7GjLiweXThr3Qx1X18QjeNBNiDm8fisHWwteo6i-2dos-s7dL04Zdxa7eMf/w246-h328/7500+Prom+14.jpg" width="246" /></a></div><h2 style="text-align: left;"><br /></h2><h2 style="text-align: left;">What is your favorite feature?</h2><div>I have several favorites. The vaulted ceilings -- over 18 feet -- add a lot of drama and a sense of spaciousness in the living room. The upstairs loft/bonus room also has surprisingly high ceilings, too -- over 11 ft. </div><div><br /></div><div>The butler's pantry provides great extra storage and counter space. (It's perfect for a coffee bar, if you ask me!) </div><div><br /></div><div>Then there's the separate office space upstairs, which has a wet bar and drinks fridge -- so convenient if you are working in the home office or using the loft as a game or TV room!</div><div class="separator" style="clear: both; text-align: center;"><span><a name='more'></a></span><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirzK8i64aEq-MifzwvmlwnE8M1poBbdcIrYV-e_fC4uSDMfnWKqEe2-YQ4c7ucjOXUyV6QvJhwxDdOtywaNLEvvboiBPEXjXhbIoKE3cPU-T_6YGSwyuz_w6j9_dVBCHOtTGQwn095UsCr/s2048/7500+Prom+6.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1536" data-original-width="2048" height="197" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirzK8i64aEq-MifzwvmlwnE8M1poBbdcIrYV-e_fC4uSDMfnWKqEe2-YQ4c7ucjOXUyV6QvJhwxDdOtywaNLEvvboiBPEXjXhbIoKE3cPU-T_6YGSwyuz_w6j9_dVBCHOtTGQwn095UsCr/w262-h197/7500+Prom+6.jpg" width="262" /></a></div><div><br /></div><h2 style="text-align: left;"><br /></h2><h2 style="text-align: left;">What surprises most people about this property?</h2><div>First, the location. I think the quiet community of Telfair Summit is a hidden gem, tucked away behind a small nature preserve. A new homeowner might be excited to see deer crossing the backyard. </div><div><br /></div><div>Folks also don't expect this home to be so large. From the outside, you wouldn't guess it's over 2,400 sq ft. Downstairs is a formal dining room, living room, owner's suite and powder room. Upstairs are 2 guest bedrooms, a full bath, a large bonus room/loft and a separate office space. </div><div><br /></div><div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvGUcm4x3Fs1m5cQKiWoMKqAckELamRHf03fUO-X0OVhCDcn9Jy8IGj_xHcZzrTQ2owLKonrRuQ93h6EPgvhIqqGXMKOcXCUGpFEV8zRungEtVI3OjvjF8RCewtzQYN0n7dkXX862OhWFk/s1600/7500+Prom+23.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1066" data-original-width="1600" height="218" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvGUcm4x3Fs1m5cQKiWoMKqAckELamRHf03fUO-X0OVhCDcn9Jy8IGj_xHcZzrTQ2owLKonrRuQ93h6EPgvhIqqGXMKOcXCUGpFEV8zRungEtVI3OjvjF8RCewtzQYN0n7dkXX862OhWFk/w328-h218/7500+Prom+23.jpg" width="328" /></a></div><br /></div><div><br /></div><h2 style="text-align: left;"><br /><br /><div class="separator" style="clear: both; text-align: center;"><span><!--more--></span><br /></div>What will buyers appreciate most about 7500 Promontory?</h2><div>Here are just a few things... I see lots of buyers looking for the convenience of a ground-floor owner's suite, like this one; while the upstairs guest bedrooms and bonus room provide privacy for family and visitors. (And living this close to the beach, there's likely to be plenty of visitors!) </div><div><br /></div><div>Of course, if you are working from home, the separate office space makes an ideal "Zoom Room." </div><div><br /></div><div>Many buyers will also appreciate the easy life-style of an HOA that takes care of the lawn and exterior maintenance. </div><h2 style="text-align: left;"><br /></h2><h2 style="text-align: left;">How do buyers learn more about this home? </h2><div>I have a link here with details from the local Multiple Listing Service. You can also ask your own real estate agent to schedule a showing. Or just give me a call or send an email, of course.</div><div><br /></div><div>link: <a href="https://www.flexmls.com/share/3ojy3/7500-Promontory-Court-Wilmington-NC-28412">More about 7500 Promontory Ct</a></div><div><br /></div><h2><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjaB7TAqTGbzHRuEeE5qP_5DoQfIEA2J9zblsq7plAH10TJ9H9e6PuxAP6YuuC7s43pji2erqDF-9Ij2GyeZGB5VlbvMrF5hiBSoarL45Zm3fvxiaiFi2gsbBlHk7iiOmzbszPRxcr-qOCC/s2048/7500+Prom+2.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em; text-align: center;"><img border="0" data-original-height="1536" data-original-width="2048" height="198" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjaB7TAqTGbzHRuEeE5qP_5DoQfIEA2J9zblsq7plAH10TJ9H9e6PuxAP6YuuC7s43pji2erqDF-9Ij2GyeZGB5VlbvMrF5hiBSoarL45Zm3fvxiaiFi2gsbBlHk7iiOmzbszPRxcr-qOCC/w263-h198/7500+Prom+2.jpg" width="263" /></a></h2><h2><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_QchIDZtD7sVMedCXwLjoH48jhxtFiOVjdfvpZP8FgaXLGSweTXYoYUsjanSdoXIh6wQywQsT3k80cu3nSSvVDS30dPksrYuVyq3ISurUR468l-9RceI-bEEnCy_k0VbnHU53_SSWiokC/s2048/7500+Prom+5.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"><img border="0" data-original-height="1536" data-original-width="2048" height="197" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_QchIDZtD7sVMedCXwLjoH48jhxtFiOVjdfvpZP8FgaXLGSweTXYoYUsjanSdoXIh6wQywQsT3k80cu3nSSvVDS30dPksrYuVyq3ISurUR468l-9RceI-bEEnCy_k0VbnHU53_SSWiokC/w262-h197/7500+Prom+5.jpg" width="262" /></a></h2><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsSZambfzznkjK4-X2ieK38bbDQ3y_I-Bs81VrrJErm1Tdgoo8QRq5dYy6WiExP8PxVYPiPLzzDMCJNtAUZhIM-bn7quTYmnm97y0BxVpRW9ap8AS0U6mZ07ARgTPVyIEs7P3AkvoUrqRj/s2048/7500+2+Telfair.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em; text-align: center;"><img border="0" data-original-height="1536" data-original-width="2048" height="246" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsSZambfzznkjK4-X2ieK38bbDQ3y_I-Bs81VrrJErm1Tdgoo8QRq5dYy6WiExP8PxVYPiPLzzDMCJNtAUZhIM-bn7quTYmnm97y0BxVpRW9ap8AS0U6mZ07ARgTPVyIEs7P3AkvoUrqRj/w328-h246/7500+2+Telfair.jpg" width="328" /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzdnmsuSaaS6fVLJQvMcfDQXV0hUcMKNGwDP-jiKQjAetXMBoTvJIIqCO3H_YTzv8aQQNOV134ux6pzimq-JcYN2jZuIAXyeBenaQryXFz-qT0bH_FuNvoCKpsl2NPZ4x03dcKADXchnnM/s2048/7500+Prom+17.jpg" style="font-size: 24px; font-weight: 700; margin-left: 1em; margin-right: 1em; text-align: center;"><img border="0" data-original-height="2048" data-original-width="2048" height="210" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzdnmsuSaaS6fVLJQvMcfDQXV0hUcMKNGwDP-jiKQjAetXMBoTvJIIqCO3H_YTzv8aQQNOV134ux6pzimq-JcYN2jZuIAXyeBenaQryXFz-qT0bH_FuNvoCKpsl2NPZ4x03dcKADXchnnM/w210-h210/7500+Prom+17.jpg" width="210" /></a><span><!--more--></span><div class="separator" style="clear: both; text-align: center;"><span><!--more--></span><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9qdZDPHjH-LZjK8nTFB2MVEJfrhWS9g3r13com7JUJNuctQdxks33LtnzPyxR0x_N6bny1ZlkOQBlXqnrnz9-Ktseuj7xs0FYdDLkH2QGw_yloCWuey1wjIKz28JXivPC0NjJjBZjw5vW/s2048/7500+Prom+12.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1536" data-original-width="2048" height="197" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9qdZDPHjH-LZjK8nTFB2MVEJfrhWS9g3r13com7JUJNuctQdxks33LtnzPyxR0x_N6bny1ZlkOQBlXqnrnz9-Ktseuj7xs0FYdDLkH2QGw_yloCWuey1wjIKz28JXivPC0NjJjBZjw5vW/w262-h197/7500+Prom+12.jpg" width="262" /></a></div></div>Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-20221745623852507542020-08-10T13:59:00.001-07:002020-08-10T13:59:38.445-07:00Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvQMPytSDzju1e8OWUhll8N4HUcbWryg2MnVihmqZLjKMCOLMnStzn45gAM8xTyIgQLnz64mznMSGewcStk2dkzoLnjgI0AoRPMT1GSaUhgUdn7WZzvEciMB4faHkH9Mrlbzop06BGZ2_H/s1200/August+2020+-+MVP+-+Social+Media+Image1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="630" data-original-width="1200" height="269" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvQMPytSDzju1e8OWUhll8N4HUcbWryg2MnVihmqZLjKMCOLMnStzn45gAM8xTyIgQLnz64mznMSGewcStk2dkzoLnjgI0AoRPMT1GSaUhgUdn7WZzvEciMB4faHkH9Mrlbzop06BGZ2_H/w512-h269/August+2020+-+MVP+-+Social+Media+Image1.jpg" width="512" /></a></div><p><br /></p><p>In July, the average 30-year fixed-rate
mortgage fell below 3% for the first time in history.<sup>1 </sup>And while
many Americans have rushed to take advantage of this unprecedented opportunity,
others question the hype. Are today’s rates truly a bargain?</p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p><p class="MsoNormal">While average mortgage rates have drifted
between 4% and 5% in recent years, they haven’t always been so low. Freddie Mac
began tracking 30-year mortgage rates in 1971. At that time, the national
average was 7.31%.<sup>2</sup> As the rate of inflation started to rise in the
mid-1970s, mortgage rates surged. It’s hard to imagine now, but the average
U.S. mortgage rate reached a high of 18.63% in 1981.<sup>3</sup></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN">Fortunately for home buyers, inflation
normalized by October 1982, which sent mortgage rates on a downward trajectory
that would bring them as low as 3.31% in 2012.<sup>3</sup> Since 2012, 30-year
fixed rates have risen modestly, with the daily average climbing as high as
4.94% in 2018.<sup>4</sup></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN">So what’s causing today’s rates to sink to
unprecedented lows? Economic uncertainty.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN">Mortgage rates generally follow bond yields,
because the majority of U.S. mortgages are packaged together and sold as bonds.
As the coronavirus pandemic continues to dampen the economy and inject
volatility into the stock market, a growing number of investors are shifting their
money into low-risk bonds. Increased demand has driven bond yields—and mortgage
rates—down.<sup>5<o:p></o:p></sup></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN">However, according to National Association of
Realtors Chief Economist Lawrence Yun, “the number one driver of low mortgage
rates is the accommodating Federal Reserve stance to keep interest rates low
and to buy up mortgage-backed securities.” According to Yun, “we will see
mortgage rates stay near this level for the next 18 months because of the
significance of the Fed’s stance.”<sup>6</sup><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="EN">HOW DO
LOW MORTGAGE RATES BENEFIT CURRENT HOMEOWNERS?<o:p></o:p></span></b></p>
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="EN"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><span lang="EN">Low mortgage rates increase buyer demand,
which is good news for sellers. But what if you don’t have any plans to sell
your home? Can current homeowners benefit from falling mortgage rates? Yes,
they can!<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN">A growing number of homeowners are
capitalizing on today’s rock-bottom rates by refinancing their existing
mortgages. In fact, refinance applications have surged over the past few
months—and for a good reason.<sup>7</sup> Reduced interest rates can save
homeowners a bundle on both monthly payments and total payments over the
lifetime of a mortgage.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN">The chart below illustrates the potential
savings when you decrease your mortgage rate by just one percentage point. When
it comes to refinancing, the bigger the spread, the greater the savings.<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="EN"><o:p> </o:p></span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="EN">Estimated Monthly Payment On a 30-Year Fixed-Rate
Mortgage<i style="mso-bidi-font-style: normal;"><o:p></o:p></i></span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="EN"><o:p> </o:p></span></b></p>
<div align="center">
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; mso-yfti-tbllook: 1536; width: 513px;">
<tbody><tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 65.2pt;" valign="top" width="87">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><b style="mso-bidi-font-weight: normal;"><span lang="EN">Loan Amount<o:p></o:p></span></b></p>
</td>
<td style="border-left: none; border: solid black 1.0pt; mso-border-left-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 71.2pt;" valign="top" width="95">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><b style="mso-bidi-font-weight: normal;"><span lang="EN">4.0%<o:p></o:p></span></b></p>
</td>
<td style="border-left: none; border: solid black 1.0pt; mso-border-left-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 82.85pt;" valign="top" width="110">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><b style="mso-bidi-font-weight: normal;"><span lang="EN">3.0%<o:p></o:p></span></b></p>
</td>
<td style="background: #CFE2F3; border-left: none; border: solid black 1.0pt; mso-border-left-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 82.85pt;" valign="top" width="110">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="color: black; mso-color-alt: windowtext;">Monthly Savings</span><span lang="EN"><o:p></o:p></span></b></p>
</td>
<td style="background: #CFE2F3; border-left: none; border: solid black 1.0pt; mso-border-left-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 82.85pt;" valign="top" width="110">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="color: black; mso-color-alt: windowtext;">Savings Over 30 Years</span><span lang="EN"><o:p></o:p></span></b></p>
</td>
</tr>
<tr style="mso-yfti-irow: 1;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 65.2pt;" valign="top" width="87">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><b style="mso-bidi-font-weight: normal;"><span lang="EN">$100,000<o:p></o:p></span></b></p>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 71.2pt;" valign="top" width="95">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN">$477<o:p></o:p></span></p>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 82.85pt;" valign="top" width="110">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN">$422<o:p></o:p></span></p>
</td>
<td style="background: #CFE2F3; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 82.85pt;" valign="top" width="110">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN" style="color: black; mso-color-alt: windowtext;">$55</span><span lang="EN"><o:p></o:p></span></p>
</td>
<td style="background: #CFE2F3; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 82.85pt;" valign="top" width="110">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN" style="color: black; mso-color-alt: windowtext;">$20,093</span><span lang="EN"><o:p></o:p></span></p>
</td>
</tr>
<tr style="mso-yfti-irow: 2;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 65.2pt;" valign="top" width="87">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><b style="mso-bidi-font-weight: normal;"><span lang="EN">$200,000<o:p></o:p></span></b></p>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 71.2pt;" valign="top" width="95">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN">$955<o:p></o:p></span></p>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 82.85pt;" valign="top" width="110">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN">$843<o:p></o:p></span></p>
</td>
<td style="background: #CFE2F3; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 82.85pt;" valign="top" width="110">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN" style="color: black; mso-color-alt: windowtext;">$112</span><span lang="EN"><o:p></o:p></span></p>
</td>
<td style="background: #CFE2F3; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 82.85pt;" valign="top" width="110">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN" style="color: black; mso-color-alt: windowtext;">$40,184</span><span lang="EN"><o:p></o:p></span></p>
</td>
</tr>
<tr style="mso-yfti-irow: 3;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 65.2pt;" valign="top" width="87">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><b style="mso-bidi-font-weight: normal;"><span lang="EN">$300,000<o:p></o:p></span></b></p>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 71.2pt;" valign="top" width="95">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN">$1,432<o:p></o:p></span></p>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 82.85pt;" valign="top" width="110">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN">$1,265<o:p></o:p></span></p>
</td>
<td style="background: #CFE2F3; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 82.85pt;" valign="top" width="110">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN" style="color: black; mso-color-alt: windowtext;">$167</span><span lang="EN"><o:p></o:p></span></p>
</td>
<td style="background: #CFE2F3; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 82.85pt;" valign="top" width="110">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN" style="color: black; mso-color-alt: windowtext;">$60,277</span><span lang="EN"><o:p></o:p></span></p>
</td>
</tr>
<tr style="mso-yfti-irow: 4;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 65.2pt;" valign="top" width="87">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><b style="mso-bidi-font-weight: normal;"><span lang="EN">$400,000<o:p></o:p></span></b></p>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 71.2pt;" valign="top" width="95">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN">$1,910<o:p></o:p></span></p>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 82.85pt;" valign="top" width="110">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN">$1,686<o:p></o:p></span></p>
</td>
<td style="background: #CFE2F3; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 82.85pt;" valign="top" width="110">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN" style="color: black; mso-color-alt: windowtext;">$224</span><span lang="EN"><o:p></o:p></span></p>
</td>
<td style="background: #CFE2F3; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 82.85pt;" valign="top" width="110">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN" style="color: black; mso-color-alt: windowtext;">$80,368</span><span lang="EN"><o:p></o:p></span></p>
</td>
</tr>
<tr style="mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 65.2pt;" valign="top" width="87">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><b style="mso-bidi-font-weight: normal;"><span lang="EN">$500,000<o:p></o:p></span></b></p>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 71.2pt;" valign="top" width="95">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN">$2,387<o:p></o:p></span></p>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 82.85pt;" valign="top" width="110">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN">$2,108<o:p></o:p></span></p>
</td>
<td style="background: #CFE2F3; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 82.85pt;" valign="top" width="110">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN" style="color: black; mso-color-alt: windowtext;">$279</span><span lang="EN"><o:p></o:p></span></p>
</td>
<td style="background: #CFE2F3; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 82.85pt;" valign="top" width="110">
<p class="MsoNormal" style="line-height: normal; mso-pagination: none;"><span lang="EN" style="color: black; mso-color-alt: windowtext;">$100,461</span><span lang="EN"><o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
</div>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN">Be sure to factor in any prepayment penalties
on your current mortgage and closing costs for your new mortgage. For a
refinance, expect to pay between 2% to 5% of your loan amount.<sup>8</sup> You
can divide your closing costs by your monthly savings to find out how long it
will take to recoup your investment, or use an online <a href="https://www.hsh.com/should-i-refinance-calculator.html"><span style="color: #1155cc;">refinance calculator</span></a>. For a more precise
calculation of your potential savings, we’d be happy to connect you with a mortgage
professional in our network who can help you decide if refinancing is a good
option for you.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span lang="EN"><o:p> </o:p></span></i></b></p>
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="EN">HOW DO
LOW MORTGAGE RATES BENEFIT HOME BUYERS?<o:p></o:p></span></b></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN">We’ve already shown how low rates can save you
money on your mortgage payments. But they can also give a boost to your budget
by increasing your purchasing power. For example, imagine you have a budget of
$1,500 to put toward your monthly mortgage payment. If you take out a 30-year
mortgage at 5.0%, you can afford a loan of $279,000.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN">Now let’s assume the mortgage rate falls to
4.0%. At that rate, you can afford to borrow $314,000 while still keeping the
same $1,500 monthly payment. That’s a budget increase of $35,000!<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN">If the rate falls even further to 3.0%, you
can afford to borrow $355,000 and still pay the same $1,500 each month. That’s
$76,000 over your original budget! All because the interest rate fell by two
percentage points.<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"> </i></b>If you’ve been priced out of the market before, today’s low
rates may put you in a better position to afford your dream home. <o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN">On the other hand, rising mortgages rates will
erode your purchasing power. Wait to buy, and you may have to settle for a
smaller home in a less-desirable neighborhood. So if you’re planning to move,
don’t miss out on the phenomenal discount you can get with today’s
historically-low rates.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="EN"><o:p> </o:p></span></b></p><div class="separator" style="clear: both; text-align: center;"><b style="mso-bidi-font-weight: normal;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEia9Lgeiy6RCrXBY6vnKcacXUJ-4tq9R5jrmnN4LjWo0xa33ZMI7fGEChgEBcrohfoV9hKbsQ-oU00vESjbUTY39u0mjl7s6eFDnCxV5aR6wED3K9UXqHIZnstxztAA5IKePStsEqXz71M6/s1000/August+2020+-+MVP+-+Instagram+Image+C.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="1000" data-original-width="1000" height="328" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEia9Lgeiy6RCrXBY6vnKcacXUJ-4tq9R5jrmnN4LjWo0xa33ZMI7fGEChgEBcrohfoV9hKbsQ-oU00vESjbUTY39u0mjl7s6eFDnCxV5aR6wED3K9UXqHIZnstxztAA5IKePStsEqXz71M6/w328-h328/August+2020+-+MVP+-+Instagram+Image+C.jpg" width="328" /></a></b></div><p></p>
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="EN">HOW LOW
COULD MORTGAGE RATES GO?<o:p></o:p></span></b></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN">No one can say with certainty how low mortgage
rates will fall or when they will rise again. A lot will depend on the
trajectory of the pandemic and subsequent economic impact. <o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN">Forecasters at Freddie Mac and the Mortgage
Bankers Association predict 30-year mortgage rates will average 3.2% and 3.5%
respectively in 2021.<sup>9,10</sup> However, economists at Fannie Mae expect
them to dip even lower to an average of 2.8% next year.<sup>11 <o:p></o:p></sup></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN">Still, many experts agree that those who wait
to take advantage of these unprecedented rates could miss out on the deal of a
lifetime. “With rates now at all-time historic lows, it’s hard to imagine that
people may be holding out for something even better," warns Paul Buege,
president and COO of Inlanta Mortgage.<sup>12 </sup>Positive news about a vaccine
or a faster-than-expected economic recovery could send rates back up to
pre-pandemic levels.<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></p>
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="EN"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"></b></p><div class="separator" style="clear: both; text-align: center;"><b style="mso-bidi-font-weight: normal;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7pDWZE2LxtBN7BB16-0hFieFEO0EY886pWIXNLqfC1a2JrQsgT-rjEEKeNQ0U4bd9iTyL-UIZrnpwds8R7ArTbku1KOM8M69y0FZOGmcubXNvEV9Czwb9UU_4H1J8N-ImY9kCwOh9zPH9/s1200/August+2020+-+MVP+-+Social+Media+Image+B.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="630" data-original-width="1200" height="172" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7pDWZE2LxtBN7BB16-0hFieFEO0EY886pWIXNLqfC1a2JrQsgT-rjEEKeNQ0U4bd9iTyL-UIZrnpwds8R7ArTbku1KOM8M69y0FZOGmcubXNvEV9Czwb9UU_4H1J8N-ImY9kCwOh9zPH9/w328-h172/August+2020+-+MVP+-+Social+Media+Image+B.jpg" width="328" /></a></b></div><b style="mso-bidi-font-weight: normal;"><span lang="EN"><br /></span></b><p></p><p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="EN">HOW CAN
I SECURE THE BEST AVAILABLE MORTGAGE RATE?<o:p></o:p></span></b></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN">While the average 30-year mortgage rate is
hovering around 3%, you can do a quick search online and find advertised rates
that are even lower. But these ultra-low mortgages are typically reserved for
only prime borrowers. So what steps can you take to secure the lowest possible
rate?<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<ol start="1" style="margin-top: 0in;" type="1">
<li class="MsoNormal" style="mso-list: l2 level1 lfo1;"><b style="mso-bidi-font-weight: normal;"><span lang="EN">Consider a 15-Year Mortgage Term<o:p></o:p></span></b></li>
</ol>
<p class="MsoNormal" style="margin-left: .5in;"><b style="mso-bidi-font-weight: normal;"><span lang="EN"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><span lang="EN">Lock in an even lower rate by opting for a
15-year mortgage.<sup> </sup>If you can afford the higher monthly payment, a
shorter mortgage term can save you a bundle in interest, and you’ll pay off
your home in half the time.<sup>13<o:p></o:p></sup></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<ol start="2" style="margin-top: 0in;" type="1">
<li class="MsoNormal" style="mso-list: l2 level1 lfo1;"><b style="mso-bidi-font-weight: normal;"><span lang="EN">Give Your Credit Score a Boost<o:p></o:p></span></b></li>
</ol>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN">The economic downturn has made lenders more
cautious. These days, you’ll probably need a credit score of at least 740 to
secure their lowest rates.<sup>14 </sup>While there’s no fast fix for bad
credit, you can take steps to help your score before you apply for a loan:<sup>15</sup>
<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l0 level1 lfo2; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN"><span style="mso-list: Ignore;">●<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN">Dispute inaccuracies on your
credit report.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l0 level1 lfo2; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN"><span style="mso-list: Ignore;">●<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN">Pay your bills on time, and catch
up on any missed payments.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l0 level1 lfo2; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN"><span style="mso-list: Ignore;">●<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN">Hold off on applying for new
credit.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l0 level1 lfo2; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN"><span style="mso-list: Ignore;">●<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN">Pay off debt, and keep balances
low on your credit cards.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l0 level1 lfo2; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN"><span style="mso-list: Ignore;">●<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN">Don’t close unused credit cards
(unless they’re charging you an annual fee).<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<ol start="3" style="margin-top: 0in;" type="1">
<li class="MsoNormal" style="mso-list: l2 level1 lfo1;"><b style="mso-bidi-font-weight: normal;"><span lang="EN">Make a Large Down Payment<o:p></o:p></span></b></li>
</ol>
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="EN"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><span lang="EN">The more equity you have in a home, the less
likely you are to default on your mortgage. That’s why lenders offer better
rates to borrowers who make a sizable down payment. Plus, if you put down at
least 20%, you can avoid paying for private mortgage insurance.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<ol start="4" style="margin-top: 0in;" type="1">
<li class="MsoNormal" style="mso-list: l2 level1 lfo1;"><b style="mso-bidi-font-weight: normal;"><span lang="EN">Pay for Points<o:p></o:p></span></b></li>
</ol>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN">Discount points are fees paid to the mortgage
company in exchange for a lower interest rate. At a cost of 1% of the loan
amount, they aren’t cheap. But the investment can pay off over the long-term in
interest savings.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<ol start="5" style="margin-top: 0in;" type="1">
<li class="MsoNormal" style="mso-list: l2 level1 lfo1;"><b style="mso-bidi-font-weight: normal;"><span lang="EN">Shop Around<o:p></o:p></span></b></li>
</ol>
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="EN"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><span lang="EN">Rates, terms, and fees can vary widely amongst
mortgage providers, so do your homework. Contact several lenders to find out
which one is willing to offer you the best overall deal. But be sure to
complete the process within 45 days—or else the credit inquiries by multiple
mortgage companies could have a negative impact on your credit score.<sup>16<o:p></o:p></sup></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; mso-yfti-tbllook: 1536; width: 624px;">
<tbody><tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0; mso-yfti-lastrow: yes;">
<td style="border: solid black 1.0pt; padding: 5.0pt 5.0pt 5.0pt 5.0pt; width: 6.5in;" valign="top" width="624">
<p class="MsoNormal" style="border: none; line-height: normal; mso-border-shadow: yes; mso-padding-alt: 31.0pt 31.0pt 31.0pt 31.0pt; mso-pagination: none;"><b style="mso-bidi-font-weight: normal;"><span lang="EN">READY TO TAKE ADVANTAGE OF
THE LOWEST MORTGAGE RATES IN HISTORY?<o:p></o:p></span></b></p>
<p class="MsoNormal" style="border: none; line-height: normal; mso-border-shadow: yes; mso-padding-alt: 31.0pt 31.0pt 31.0pt 31.0pt; mso-pagination: none;"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal" style="border: none; line-height: normal; mso-border-shadow: yes; mso-padding-alt: 31.0pt 31.0pt 31.0pt 31.0pt; mso-pagination: none;"><span lang="EN">Mortgage rates have never been this low. Don’t miss out on your
chance to lock in a great rate on a new home or refinance your existing
mortgage. Either way, we can help. <o:p></o:p></span></p>
<p class="MsoNormal" style="border: none; line-height: normal; mso-border-shadow: yes; mso-padding-alt: 31.0pt 31.0pt 31.0pt 31.0pt; mso-pagination: none;"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal" style="border: none; line-height: normal; mso-border-shadow: yes; mso-padding-alt: 31.0pt 31.0pt 31.0pt 31.0pt; mso-pagination: none;"><span lang="EN">We’d be happy to connect you with the most trusted mortgage
professionals in our network. And if you’re ready to start shopping for a new
home, we’d love to assist you with your search—<i style="mso-bidi-font-style: normal;">all at no cost to you!</i> Contact us today to schedule a free
consultation.<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><i style="mso-bidi-font-style: normal;"><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">The above references an opinion and is
for informational purposes only. It is not intended to be financial advice.
Consult a financial professional for advice regarding your individual needs.</span></i><span lang="EN"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Sources:<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l1 level1 lfo3; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">CNN Business -<br />
</span><span lang="EN"><a href="https://www.cnn.com/2020/07/16/success/30-year-mortgage-rates-record-low/index.html"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.cnn.com/2020/07/16/success/30-year-mortgage-rates-record-low/index.html</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l1 level1 lfo3; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Freddie Mac -<br />
</span><span lang="EN"><a href="http://www.freddiemac.com/pmms/pmms30.html"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">http://www.freddiemac.com/pmms/pmms30.html</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">) <o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l1 level1 lfo3; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Value Penguin -<br />
</span><span lang="EN"><a href="https://www.valuepenguin.com/mortgages/historical-mortgage-rates"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.valuepenguin.com/mortgages/historical-mortgage-rates</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l1 level1 lfo3; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">4.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Federal Reserve Bank of St.
Louis -<br />
</span><span lang="EN"><a href="https://fred.stlouisfed.org/graph/?g=NUh"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://fred.stlouisfed.org/graph/?g=NUh</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l1 level1 lfo3; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">5.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Bankrate -<br />
</span><span lang="EN"><a href="https://www.bankrate.com/mortgages/how-interest-rates-are-set/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.bankrate.com/mortgages/how-interest-rates-are-set/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l1 level1 lfo3; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">6.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Washington Post -<br />
</span><span lang="EN"><a href="https://www.washingtonpost.com/business/2020/06/25/mortgage-rate-remains-historic-low"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.washingtonpost.com/business/2020/06/25/mortgage-rate-remains-historic-low/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l1 level1 lfo3; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">7.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Yahoo! Finance -<br />
</span><span lang="EN"><a href="https://finance.yahoo.com/news/mortgage-refinancing-makes-big-comeback-151500346.html"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://finance.yahoo.com/news/mortgage-refinancing-makes-big-comeback-151500346.html</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l1 level1 lfo3; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">8.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Bankrate -<br />
</span><span lang="EN"><a href="https://www.bankrate.com/mortgages/is-no-closing-cost-for-you/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.bankrate.com/mortgages/is-no-closing-cost-for-you/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l1 level1 lfo3; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">9.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Freddie Mac June 2020
Quarterly Forecast -<br />
</span><span lang="EN"><a href="http://www.freddiemac.com/fmac-resources/research/pdf/202006-Forecast.pdf"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">http://www.freddiemac.com/fmac-resources/research/pdf/202006-Forecast.pdf</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l1 level1 lfo3; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">10.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Mortgage Bankers Association
Mortgage Market Forecast July 15, 2020 - <br />
</span><span lang="EN"><a href="https://www.mba.org/news-research-and-resources/research-and-economics/forecasts-and-commentary"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.mba.org/news-research-and-resources/research-and-economics/forecasts-and-commentary</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l1 level1 lfo3; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">11.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Fannie Mae July 2020 Housing
Forecast -<br />
</span><span lang="EN"><a href="https://www.fanniemae.com/resources/file/research/emma/pdf/Housing_Forecast_071420.pdf"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.fanniemae.com/resources/file/research/emma/pdf/Housing_Forecast_071420.pdf</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l1 level1 lfo3; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">12.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Washington Post -<br />
</span><span lang="EN"><a href="https://www.washingtonpost.com/business/2020/06/25/mortgage-rate-remains-historic-low/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.washingtonpost.com/business/2020/06/25/mortgage-rate-remains-historic-low/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l1 level1 lfo3; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">13.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Investopedia -<br />
</span><span lang="EN"><a href="https://www.investopedia.com/articles/personal-finance/042015/comparison-30year-vs-15year-mortgage.asp"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.investopedia.com/articles/personal-finance/042015/comparison-30year-vs-15year-mortgage.asp</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l1 level1 lfo3; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">14.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Money -<br />
</span><span lang="EN"><a href="https://money.com/mortgage-rates-below-three-percent/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://money.com/mortgage-rates-below-three-percent/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"> <o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l1 level1 lfo3; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">15.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Experian -<br />
</span><span lang="EN"><a href="https://www.experian.com/blogs/ask-experian/credit-education/improving-credit/improve-credit-score/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.experian.com/blogs/ask-experian/credit-education/improving-credit/improve-credit-score/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l1 level1 lfo3; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">16.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Equifax -<br />
</span><span lang="EN"><a href="https://www.equifax.com/personal/education/credit/report/understanding-hard-inquiries-on-your-credit-report/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.equifax.com/personal/education/credit/report/understanding-hard-inquiries-on-your-credit-report/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></p>Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com1tag:blogger.com,1999:blog-6512085217184239355.post-15272731545336794612020-08-10T13:35:00.002-07:002020-08-10T13:40:54.374-07:007515 Promontory CT, Wilmington NC House Tour<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/ZFou3hbWmlw" width="480"></iframe><br /><br />
<br /><br />
Did you miss the open house? Don't worry! Here's a quick, (and very!) informal house tour of this super spacious townhome that is close to beaches and surrounded by nature. It offers a ground-floor owner's suite, separate office and much, much more! If you'd like more info, check out this link: <a href="https://mblake.seacoastrealty.com/for-sale/7515-promontory-court-wilmington-nc-28412/99-819907">https://mblake.seacoastrealty.com/for-sale/7515-promontory-court-wilmington-nc-28412/99-819907</a>Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-78399162490000939982020-06-01T13:55:00.001-07:002020-06-01T13:55:19.005-07:00Is Now a Good Time to Buy or Sell Real Estate?<br />
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijL_wFc8x_CaN0m3jO04IB5-9-kiPWIHc63Kvrbt4lzMmjnNPcQZVDuLwfhVrIp1aZV7DM_ZgBil3IJNvnDyalvOBjS29XNGFRw7EnnYC2qeULHqZ8j-2PSa180Tro5npCjYE-mRSNovEy/s1600/June+2020+-+MVP+-+Social+Media+Image+1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="840" data-original-width="1600" height="210" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijL_wFc8x_CaN0m3jO04IB5-9-kiPWIHc63Kvrbt4lzMmjnNPcQZVDuLwfhVrIp1aZV7DM_ZgBil3IJNvnDyalvOBjS29XNGFRw7EnnYC2qeULHqZ8j-2PSa180Tro5npCjYE-mRSNovEy/s400/June+2020+-+MVP+-+Social+Media+Image+1.jpg" width="400" /></a></div>
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<span lang="EN">Traditionally, spring is one of the busiest
times of the year for real estate. However, the coronavirus outbreak—and
subsequent stay-at-home orders—led many buyers and sellers to put their moving
plans on hold. In April, new listings fell nearly 45% nationally, and sales
volume fell 15% compared to last year.<sup>1 <span style="mso-spacerun: yes;"> </span><o:p></o:p></sup></span></div>
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<i><span lang="EN">Note:<span style="mso-spacerun: yes;">
</span>These are national figures. Local stats for our 3-county area also show
a very sharp drop in new listings and sales volume after a very hot start to
the year; but it’s worth noting that even with this decline in numbers since
February, new home listings are still up 4.4% over this time last year, and
sales are 8.6% higher.<span style="mso-spacerun: yes;"> </span><o:p></o:p></span></i></div>
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<span lang="EN">Fortunately, as restrictions have eased, we’ve
seen an uptick in market activity both nationally and locally. And economists
at Realtor.com expect a rebound in July, August, and September, as fears about
the pandemic subside, and buyers return to the market with pent-up demand from
a lost spring season.<sup>2<o:p></o:p></sup></span></div>
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<span lang="EN">But given safety concerns and the current
economic climate, is it prudent to jump back into the real estate market?<o:p></o:p></span></div>
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<span lang="EN">Before you decide, it’s important to consider
where the housing market is headed, how it could impact your timeline and
ability to buy a home, and your own individual needs and circumstances.<o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span lang="EN">WHAT’S
AHEAD FOR THE HOUSING MARKET?</span></b><span lang="EN"><o:p></o:p></span></div>
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<br /></div>
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<span lang="EN">The economic aftermath of the coronavirus
outbreak has been severe. We’ve seen record<span style="mso-spacerun: yes;">
</span>unemployment numbers, and economists believe the country is headed
toward a recession. But people still need a place to live. So what effect will
these factors have on the housing market?<o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><u><span lang="EN">Home Values Projected to Remain Stable<o:p></o:p></span></u></b></div>
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<br /></div>
<div class="MsoNormal">
<span lang="EN">Many Americans recall our last recession and
assume we will see another drop in home values. But the 2008 real estate market
crash was the cause—not the result—of that downturn. In fact, ATTOM Data
Solutions analyzed real estate prices during the last five recessions and found
that home prices actually went up in most cases. Only twice (in 1990 and 2008)
did prices fall, and in 1990 it was by less than one percent.<sup>3</sup><b style="mso-bidi-font-weight: normal;"> <o:p></o:p></b></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">Many economists expect home values to remain
relatively steady this time around. And so far, that’s been the case. As of mid-May,
the median listing price in the U.S. was up 1.4% from the same period last
year.<sup>4</sup><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="text-indent: .5in;">
<b style="mso-bidi-font-weight: normal;"><u><span lang="EN">Demand for Homes Will Exceed Available Supply<o:p></o:p></span></u></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">There’s been a shortage of affordable homes on
the market for years, and the pandemic has further hindered supply. In addition
to sellers pulling back, new home starts fell 22% in March.<sup>5 </sup>In
fact, Fannie Mae doesn’t foresee a return to pre-pandemic construction levels
before the end of 2021.<sup>6<o:p></o:p></sup></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">This supply shortage is expected to prop up
home prices, despite recessionary pressures. Fannie Mae and the National
Association of Realtors predict housing prices will rise slightly this year<sup>7</sup>,
while Zillow expects them to fall between 2-3%.<sup>8</sup> Still, that would
be a far cry from the double-digit declines that occurred during the last recession.<sup>9</sup><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="text-indent: .5in;">
<b style="mso-bidi-font-weight: normal;"><u><span lang="EN">Government Intervention Will Help Stabilize the Market<o:p></o:p></span></u></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">Policymakers have been quick to pass
legislation aimed at preventing a surge in foreclosures like we saw in 2008.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by
Congress gives government-backed mortgage holders who were impacted by the
pandemic up to a year of reduced or delayed payments.<sup>10</sup><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">The Federal Reserve has also taken measures to
help stabilize the housing market, lower borrowing costs, and inject liquidity
into the mortgage industry. These steps have led to record-low mortgage rates
that should help drive buyer demand and make homeownership more affordable for
millions of Americans.<sup>11<o:p></o:p></sup></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span lang="EN">HOW HAS
THE REAL ESTATE PROCESS CHANGED?<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">As the pandemic hit, real estate and mortgage
professionals across the country revised their processes to adapt to shifting
safety standards and economic realities. While these new ways of conducting
business may seem strange at first, keep in mind, military clients,
international buyers, and others have utilized many of these methods to buy and
sell homes for years.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiVvX5kmkN-bc-W9TwU682mzToa6GBDi3EurPBKJ9dxQfL8nV16Y1UzcAAhOdm_JHpjSS2IvU8SuABNxx0M43JCiZopEqdCwxeFTId76wibFkKdFl-V36Ye3mjZ79qvKH0yerBHZrZRKrBl/s1600/June+2020+-+MVP+-+Social+Media+Image+B2.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="840" data-original-width="1600" height="168" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiVvX5kmkN-bc-W9TwU682mzToa6GBDi3EurPBKJ9dxQfL8nV16Y1UzcAAhOdm_JHpjSS2IvU8SuABNxx0M43JCiZopEqdCwxeFTId76wibFkKdFl-V36Ye3mjZ79qvKH0yerBHZrZRKrBl/s320/June+2020+-+MVP+-+Social+Media+Image+B2.jpg" width="320" /></a></div>
<div class="MsoNormal">
<span lang="EN"><o:p><br /></o:p></span></div>
<div class="MsoNormal" style="text-indent: .5in;">
<b style="mso-bidi-font-weight: normal;"><u><span lang="EN">New Safety Procedures</span></u><span lang="EN"><o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">The safety of my clients as well as my real
estate colleagues is my top priority. That’s why I’ve developed a process for
buyers and sellers that utilizes technology to minimize personal contact. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">For my listings, I’m holding online open
houses, offering virtual viewings, and conducting walk-through video tours. I’m
also using video chat to qualify interested buyers <i style="mso-bidi-font-style: normal;">before</i> I book in-person showings. This enables me to promote your
property to a broad audience while limiting physical foot traffic to only
serious buyers.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">Likewise, my buyer clients can view properties
online and take virtual video tours to minimize the number of homes they step
inside. Ready to visit a property in person? I can decrease surface contact by
asking the seller to turn on all the lights and open doors and cabinets before
your scheduled showing.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">The majority of my “paperwork” is also
digital. In fact, many of the legal and financial documents involved in buying
and selling a home went online years ago. You can safely view and eSign
contracts from your smartphone or computer.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="text-indent: .5in;">
<b style="mso-bidi-font-weight: normal;"><u><span lang="EN">Longer Timelines and Higher Mortgage Standards<o:p></o:p></span></u></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">The real estate process is taking a little
longer these days. Both buyers and sellers are more cautious when it comes to
viewing and showing homes. And with fewer house hunters and less available
inventory, it can take more time to match a buyer with the right property.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">In a recent survey, 67% of Realtors also
reported delays in the closing process. The top reasons were financing and
buyer job loss, but appraisals and home inspections are also taking more time
due to shifting safety protocol.<sup>12</sup><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">Securing a mortgage may take longer, too. With
forbearance requests rising, lenders are getting increasingly conservative when
it comes to issuing new loans. Many are raising their standards—requiring
higher credit scores and larger down payments. Prepare for greater scrutiny, and
build in some extra time to shop around.<sup>13<o:p></o:p></sup></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span lang="EN">IS IT
THE RIGHT TIME FOR ME TO MAKE A MOVE?</span></b><span lang="EN"><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">The reality is, there is no “one size fits
all” answer as to whether it’s a good time to buy or sell a home because
everyone’s circumstances are unique. But now that you know the state of the
market and what you can expect as you shop for real estate, consider the
following questions:<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="text-indent: .5in;">
<i style="mso-bidi-font-style: normal;"><span lang="EN">Why do you want or need to move?<o:p></o:p></span></i></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">It’s important to consider <i style="mso-bidi-font-style: normal;">why</i> you want to move and if your needs
may shift over the next year. For example, if you need a larger home for your
growing family, your space constraints aren’t likely to go away. In fact, they
could be amplified as you spend more time at home. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">However, if you’re planning a move to be
closer to your office, consider whether your commute could change. Some
companies are rethinking their office dynamics and may encourage their
employees to work remotely on a permanent basis.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="text-indent: .5in;">
<i style="mso-bidi-font-style: normal;"><span lang="EN">How urgently do you need to complete your move?<o:p></o:p></span></i></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">If you have a new baby on the way or want to
be settled before schools open in the fall, I recommend that you begin
aggressively searching as soon as possible. With fewer homes on the market and
a lengthier closing process, it’s taking longer than usual for clients to find
and purchase a home. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">However, if your timeline is flexible, you may
be well-positioned to score a deal. I’m seeing more highly-incentivized sellers
who are willing to negotiate on terms and price. Talk to me about setting up a
search so I can keep an eye out for any bargains that pop up. And get
pre-qualified for a mortgage now so you’ll be ready to act quickly.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">If you’re eager to sell this year, now is the
time to begin prepping your home for the market. A second wave of infections is
predicted for the winter, which could mean another lockdown.<sup>14</sup> If
you wait, you might miss your window of opportunity.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="text-indent: .5in;">
<i style="mso-bidi-font-style: normal;"><span lang="EN">How long do you plan to stay in your new home?<o:p></o:p></span></i></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">The U.S. real estate market has enjoyed steady
appreciation since 2012, which made it fairly easy for owners and investors to
buy and sell properties for a profit in a short period of time. However, with
home values expected to remain relatively flat over the next year, your best
bet is to buy a home you can envision yourself keeping for several years.
Fortunately, at today’s rock-bottom mortgage rates, you can lock in a low
interest rate and start building equity right away.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="text-indent: .5in;">
<i style="mso-bidi-font-style: normal;"><span lang="EN">Can you meet today’s higher standards for securing a mortgage?<o:p></o:p></span></i></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">Mortgage lenders are tightening their
standards in response to the growing number of mortgage forbearance requests.
Many have raised their minimum credit score and downpayment requirements for
applicants. Even if you’ve been pre-qualified in the past, you should contact
your lender to find out if you meet their new, more stringent standards.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="text-indent: .5in;">
<i style="mso-bidi-font-style: normal;"><span lang="EN">Is your income stable?<o:p></o:p></span></i></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">If there’s a good chance you could lose your
job, you may be better off waiting to buy a home. The exception would be if
you’re planning to downsize. Moving to a less expensive home could allow you to
tap into your home equity or cut down on your monthly expenses.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span lang="EN">WHEN
YOU’RE READY TO MOVE—I’M READY TO HELP</span></b><span lang="EN"><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">While uncertain market conditions may give
pause to some buyers and sellers, this can actually present an opportunity for
those who are willing, able, and motivated to make a move. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">Your average spring season would be flooded
with real estate activity. But right now, only motivated players are out in the
market. That means that if you’re looking to buy, you’re in a better position
to negotiate a great price. And today’s record-low mortgage rates could give a
big boost to your purchasing power. In fact, if you’ve been priced out of the
market before, this may be the perfect time to look. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">If you’re hoping to sell this year, you’ll
have fewer listings to compete against in your neighborhood and price range.
But you’ll want to act quickly. Economists expect a surge of eager buyers to
enter the market in July—so you should start prepping your home now. And keep
in mind, a second wave of coronavirus cases could be coming in this winter. Ask
yourself how you will feel if you have to face another lockdown in your current
home.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">Let’s schedule a free virtual consultation to
discuss your individual needs and circumstances. I can help you assess your
options and create a plan that makes you feel both comfortable and confident
during these unprecedented times.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<i style="mso-bidi-font-style: normal;"><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">The above references an opinion and is
for informational purposes only. It is not intended to be financial advice.
Consult a financial professional for advice regarding your individual needs.</span></i><span lang="EN"><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Forbes - </span><span lang="EN"><a href="https://www.forbes.com/sites/ellenparis/2020/05/08/latest-housing-market-update-from-realtorcom/#20bf7829113e"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.forbes.com/sites/ellenparis/2020/05/08/latest-housing-market-update-from-realtorcom/#20bf7829113e</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">HousingWire -<br />
</span><span lang="EN"><a href="https://www.housingwire.com/articles/realtor-com-housing-market-will-bounce-back-this-year-but-the-rebound-will-be-short-lived/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.housingwire.com/articles/realtor-com-housing-market-will-bounce-back-this-year-but-the-rebound-will-be-short-lived/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Curbed -<br />
</span><span lang="EN"><a href="https://www.curbed.com/2019/1/10/18139601/recession-impact-housing-market-interest-rates"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.curbed.com/2019/1/10/18139601/recession-impact-housing-market-interest-rates</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">4.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Realtor.com -<br />
</span><span lang="EN"><a href="https://www.realtor.com/research/weekly-housing-trends-view-data-week-may-9-2020/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.realtor.com/research/weekly-housing-trends-view-data-week-may-9-2020/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">5.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Money.com -<br />
</span><span lang="EN"><a href="https://money.com/coronavirus-real-estate-home-prices/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://money.com/coronavirus-real-estate-home-prices/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">6.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Fannie Mae -<br />
</span><span lang="EN"><a href="https://www.fanniemae.com/resources/file/research/emma/pdf/Housing_Forecast_051320.pdf"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.fanniemae.com/resources/file/research/emma/pdf/Housing_Forecast_051320.pdf</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">7.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">HousingWire -<br />
</span><span lang="EN"><a href="https://www.housingwire.com/articles/pending-home-sales-tumble-on-covid-19-shock/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.housingwire.com/articles/pending-home-sales-tumble-on-covid-19-shock/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">8.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">HousingWire -<br />
</span><span lang="EN"><a href="https://www.housingwire.com/articles/zillow-predicts-small-home-price-drop-through-rest-of-2020/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.housingwire.com/articles/zillow-predicts-small-home-price-drop-through-rest-of-2020/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">9.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Federal Reserve Bank of St.
Louis -<br />
</span><span lang="EN"><a href="https://fred.stlouisfed.org/series/CSUSHPINSA"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://fred.stlouisfed.org/series/CSUSHPINSA</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">10.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Consumer Financial Protection
Bureau -<br />
</span><span lang="EN"><a href="https://www.consumerfinance.gov/coronavirus/cares-act-mortgage-forbearance-what-you-need-know/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.consumerfinance.gov/coronavirus/cares-act-mortgage-forbearance-what-you-need-know/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
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</span><span lang="EN"><a href="https://www.bankrate.com/mortgages/federal-reserve-and-mortgage-rates"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.bankrate.com/mortgages/federal-reserve-and-mortgage-rates</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
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Realtors -<br />
</span><span lang="EN"><a href="https://www.nar.realtor/sites/default/files/documents/2020-05-11-nar-flash-survey-economic-pulse-05-14-2020.pdf"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.nar.realtor/sites/default/files/documents/2020-05-11-nar-flash-survey-economic-pulse-05-14-2020.pdf</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-spacerun: yes;"> </span><o:p></o:p></span></div>
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<br />Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-66671755959894882852020-04-27T07:00:00.002-07:002020-04-27T07:00:30.996-07:00Finding a Home in the Time of Social Distancing (video)<div class="separator" style="clear: both; text-align: justify;">
<span style="background-color: #f9f9f9; color: #030303; font-family: Roboto, Arial, sans-serif; font-size: 14px; text-align: start; white-space: pre-wrap;">The coronavirus and social distancing are not preventing homebuyers from finding their dream homes. Real esate agents have become creative with technology, keeping their clients safe while buyers search for a home to fit their family's needs. </span><span style="background-color: #f9f9f9; color: #030303; font-family: Roboto, Arial, sans-serif; font-size: 14px; text-align: start; white-space: pre-wrap;">Don't let this pandemic hold you back!</span></div>
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<br />Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-35097553601652713002020-04-20T13:17:00.001-07:002020-04-20T13:17:07.965-07:00#FAQFriday - 1<div class="separator" style="clear: both; text-align: center;">
<iframe width="320" height="266" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/b7FCZmwaxgI/0.jpg" src="https://www.youtube.com/embed/b7FCZmwaxgI?feature=player_embedded" frameborder="0" allowfullscreen></iframe></div>
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Another Facebook Live video -- this one I'm calling FAQ Friday. (and yes, I did it on Friday! I'm just slow about uploading here.) I'm hoping to do a series of these to address the questions I tend to hear a lot. Do you have a question for me??<br />
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Topics today:</h4>
How long does it take to buy a home?<br />
How many homes should I see before deciding to buy?<br />
Should I talk to my bank before looking at homes?<br />
Do I really need a Realtor to buy a home?<br />
When can I back out if I change my mind?Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-80506942517474193202020-04-20T12:56:00.001-07:002020-04-20T13:00:54.618-07:00Mortgage News - Interview with Kathryn Jennings<div class="separator" style="clear: both; text-align: center;">
<iframe allowfullscreen="" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/6ZWnFH_KJoo/0.jpg" frameborder="0" height="266" src="https://www.youtube.com/embed/6ZWnFH_KJoo?feature=player_embedded" width="320"></iframe></div>
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Here's a copy of the Facebook Live interview I did with Kathryn Jennings, Mortgage Broker with Alpha Mortgage, on April 20. Despite some technical glitches, here are some questions she addressed:<br />
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<span style="background-color: white; color: #1c1e21; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;">-- Are people still buying homes right now?</span><br />
<span style="background-color: white; color: #1c1e21; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;">-- How are you handling social distancing and work?</span><br />
<span style="background-color: white; color: #1c1e21; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;">-- What changes are happening within the (rather turbulent!) mortgage industry right now?</span><br />
<span style="background-color: white; color: #1c1e21; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;">-- What FICO scores do buyers need to have now?</span><span class="text_exposed_show" style="background-color: white; color: #1c1e21; display: inline; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;"><br />-- What can homeowners do for mortgage relief?<br />-- What are your top Do's and Don'ts to ensure an easy loan process?</span><br />
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<span class="text_exposed_show" style="background-color: white; color: #1c1e21; display: inline; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;">Let me know if you have more questions!</span><br />
<span class="text_exposed_show" style="background-color: white; color: #1c1e21; display: inline; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;"><br /></span>Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-403941693933059022020-03-30T08:09:00.001-07:002020-03-30T08:09:23.684-07:00Do NOT Just Stop Making Mortgage Payments!<div>
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<span style="background-color: white; color: #505050; font-family: "Open Sans", Arial, sans-serif; font-size: 14px;">If you are experiencing economic hardship because of the coronavirus pandemic, and are worried about making your mortgage payments, there is some good news – but also some notes of caution you'll want to heed. Click through for my video with some important information about handling your mortgage payments.</span></div>
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<a href="https://youtu.be/fjKHBz4HG0s">Link: Video - Do's and Don'ts About Your Mortgage</a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgo6YGOAfho9Tzt6bJBOdtTl7CW95-KdEsyf8U-8uAKDmfiCs2sv71q-7q6IQU3dI6ng19M1vjx-uopWeolqx0uCKrvoMsoQ1su7gqCHP2rJmC2kj81gGEkb7FPMA8nnP76j3sOxxtwwpJi/s1600/Thumbnail5.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="480" data-original-width="640" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgo6YGOAfho9Tzt6bJBOdtTl7CW95-KdEsyf8U-8uAKDmfiCs2sv71q-7q6IQU3dI6ng19M1vjx-uopWeolqx0uCKrvoMsoQ1su7gqCHP2rJmC2kj81gGEkb7FPMA8nnP76j3sOxxtwwpJi/s320/Thumbnail5.jpg" width="320" /></a></div>
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Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-38428286421594110912020-03-18T09:47:00.001-07:002020-03-18T09:47:53.193-07:00Activity Resources for your COVID-19 Lockdown<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhd15FW99qVe7n7iEnrVlvESKaofbn6tjAmEUX0Dpg4pC6FPqB6lmB9VlQdAmZd-_tHz9dQuIoL_DK8cJbutgDeYjld_VP-1NMhISVYv0fcQNf1IGWn0mOJkLGwve22ySBe1jFMXwwL18Om/s1600/dreamstime_s_148987405.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="667" data-original-width="800" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhd15FW99qVe7n7iEnrVlvESKaofbn6tjAmEUX0Dpg4pC6FPqB6lmB9VlQdAmZd-_tHz9dQuIoL_DK8cJbutgDeYjld_VP-1NMhISVYv0fcQNf1IGWn0mOJkLGwve22ySBe1jFMXwwL18Om/s320/dreamstime_s_148987405.jpg" width="320" /></a></div>
We're all being impacted by efforts to "flatten the curve" of the Coronavirus (aka COVID-19). Schools, events, restaurants, many stores -- all closed. So what are frazzled parents to do with their energetic kids at home? And what do we do to keep ourselves from going stir-crazy, too?<br />
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Some great advice I've heard includes creating some structure in your new home life experience. Excerise! Take walks (just be sure to stay 6 feet away from other walkers). Try new recipes. Teach your kids to cook, change a tire, do the laundry, balance a checkbook, etc. <br />
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I've also pulled together information on excellent resources for games and educational activities for the kids, as well as links to great entertainment and mental stimulation for adults. This just scratches the surfact of what's available, of course, but I hope it's helpful! I'll add more here as I find them.<br />
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Best wishes! We'll get through this!<br />
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<a href="https://www.today.com/parents/how-homeschool-during-coronavirus-crisis-t176020">How to Homeschool During the Coronavirus</a><br />
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<a href="https://www.nasa.gov/stem">NASA's Activities for Kids at Home</a><br />
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<a href="https://mommypoppins.com/family/coronavirus-pandemic-update-indoor-activities-resources-kids">Mommy Poppins Games and Educational Activities for Kids</a><br />
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.... and for the parents or older kids: Links to great plays and operas you can watch, museum experiences and more:<br />
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<a href="https://www.wellandgood.com/best-youtube-yoga/">Yoga on Youtube</a><br />
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<a href="https://www.playbill.com/article/15-broadway-plays-and-musicals-you-can-watch-on-stage-from-home?fbclid=IwAR3Yeh7gosC7yMnM1B9bff9q4tOnhH0piT3XymyRp8cEAV_jopc7pFPeUy4">15 Broadway Plays and Musicals you can watch</a><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAKccnGG33LWNI8rczz_5KUd5NrJYNRDNbjP93OP_HvXGUKEYj9wJfdGMKD17n6wsuoqN0UOEzm3bN4ec_yOZjXaikXE9mE3vV3-zHrXQjhF36dAldw6WNbTertQtuV7ckpmgIHOF0TKOE/s1600/masks-40963_640.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="469" data-original-width="640" height="146" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAKccnGG33LWNI8rczz_5KUd5NrJYNRDNbjP93OP_HvXGUKEYj9wJfdGMKD17n6wsuoqN0UOEzm3bN4ec_yOZjXaikXE9mE3vV3-zHrXQjhF36dAldw6WNbTertQtuV7ckpmgIHOF0TKOE/s200/masks-40963_640.png" width="200" /></a></div>
<a href="https://www.pbs.org/newshour/arts/19-immersive-museum-exhibits-you-can-visit-from-your-couch?utm_source=facebook&utm_medium=pbsofficial&utm_campaign=newshour&utm_content=1584453638&fbclid=IwAR2bWX9x0R8s3hKjUtxx0NC1mA9kcecIIefkjl8JVOm_gKX_PXIzhQ4oRdE">19 Immersive Museum Experiences</a><br />
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<a href="https://www.travelandleisure.com/attractions/museums-galleries/museums-with-virtual-tours?utm_source=facebook.com&utm_medium=social&utm_campaign=social-share-article&utm_content=20200313&fbclid=IwAR3hYV6h0Z4PnnZBY8msKSVe4UgOJJHPAT1K9nWLmloFTyU10LHN6vFapRw">Virtual Museum Tours</a><br />
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<a href="http://mcn.edu/a-guide-to-virtual-museum-resources/?fbclid=IwAR3JkUBmgdY9xQi8XSYaFFa01sZmS8D21peWXx6JXUtuuVOaAJgQwyKfvxs">Ultimate Guide to Virtual Museum Resources</a><br />
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<a href="https://www.metopera.org/?fbclid=IwAR0vdT3c8UYut79w7VKalT-UZhdTF8A3MlrM_Tesd_DPfpOc3Yzy7-wQ6UQ">Metropolitan Opera Nightly Encore Presentations</a>Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-6795277259608776992020-03-04T13:02:00.001-08:002020-03-04T13:02:05.393-08:00Renovation Mortgages Expand Homebuyer Options<div class="separator" style="clear: both; text-align: center;">
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When inventory is this tight, it's a struggle for homebuyers -- especially first-time buyers looking for entry-level homes -- to find move-in ready properties. Buyers can expand their options with a renovation mortgage that combines a mortgage with funds for renovation. <br />
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Let me know if you'd like more information. Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-19671126427518334462020-02-04T11:41:00.000-08:002020-02-04T11:41:26.614-08:00Take Advantage of Your Home Equity: A Homeowner’s Guide<br />
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<span lang="EN">Homeownership offers many advantages over
renting, including a stable living environment, predictable monthly payments,
and the freedom to make modifications. Neighborhoods with high rates of
homeownership have less crime and more civic engagement. Additionally, studies
show that homeowners are happier and healthier than renters, and their children
do better in school.<sup>1</sup> <o:p></o:p></span></div>
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<span lang="EN">But one of the biggest perks of homeownership
is the opportunity to build wealth over time. Researchers at the Urban
Institute found that homeownership is financially beneficial for most families,<sup>2
</sup>and a recent study showed that the median net worth of homeowners can be
up to 80 times greater than that of renters in some areas.<sup>3</sup><o:p></o:p></span></div>
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<span lang="EN">So how does purchasing a home help you build
wealth? And what steps should you take to maximize the potential of your
investment? Find out how to harness the power of home equity for a secure
financial future.<o:p></o:p></span></div>
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<span lang="EN">Home equity is the difference between what
your home is worth and the amount you owe on your mortgage. So, for example, if
your home would currently sell for $250,000, and the remaining balance on your
mortgage is $200,000, then you have $50,000 in home equity.<o:p></o:p></span></div>
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<span lang="EN">$250,000 (Home’s
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<span lang="EN"><span style="mso-tab-count: 1;"> </span><span style="mso-spacerun: yes;"> </span>$50,000 (Home Equity)<o:p></o:p></span></div>
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<span lang="EN">The equity in your home is considered a
non-liquid asset. It’s your money; but rather than sitting in a bank account,
it’s providing you with a place to live. And when you factor in the potential
of appreciation, an investment in real estate will likely offer a better return
than any savings account available today.<o:p></o:p></span></div>
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<h4>
<b style="mso-bidi-font-weight: normal;"><span lang="EN"><o:p> </o:p></span></b><b style="mso-bidi-font-weight: normal;"><span lang="EN">HOW
DOES HOME EQUITY BUILD WEALTH?</span></b></h4>
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<span lang="EN">A mortgage payment is a type of “forced
savings” for home buyers. When you make a mortgage payment each month, a portion
of the money goes towards interest on your loan, and the remaining part goes
towards paying off your principal, or loan balance. That means the amount of
money you owe the bank is reduced every month. As your loan balance goes down,
your home equity goes up.<o:p></o:p></span></div>
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<span lang="EN">Additionally, unlike other assets that you
borrow money to purchase, the value of your home generally increases, or
appreciates, over time. For example, when you pay off your car loan after five
or seven years, you will own it outright. But if you try to sell it, the car
will be worth much less than when you bought it. However, when you purchase a
home, its value typically rises over time. So when you sell it, not only will
you have grown your equity through your monthly mortgage payments, but in most
cases, your home’s market value will be higher than what you originally paid.
And even if you only put down 10% at the time of purchase—or pay off just a
small portion of your mortgage—you get to keep 100% of the property’s
appreciated value. That’s the wealth-building power of real estate.<o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span lang="EN">WHAT
CAN I DO TO GROW MY HOME’S EQUITY FASTER?</span></b></h4>
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<span lang="EN">Now that you understand the benefits of
building equity, you may wonder how you can speed up your rate of growth. There
are two basic ways to increase the equity in your home:<o:p></o:p></span></div>
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<div class="MsoNormal" style="margin-left: .5in; mso-list: l1 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><i style="mso-bidi-font-style: normal;"><span lang="EN"><span style="mso-list: Ignore;">1)<span style="font: 7.0pt "Times New Roman";"> </span></span></span></i><!--[endif]--><i style="mso-bidi-font-style: normal;"><span lang="EN">Pay down your mortgage.<o:p></o:p></span></i></div>
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<span lang="EN">We shared earlier that your home’s equity goes
up as your mortgage balance goes down. So paying down your mortgage is one way
to increase the equity in your home.<o:p></o:p></span></div>
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<span lang="EN">Some homeowners do this by adding a little
extra to their payment each month, making one additional mortgage payment per
year, or making a lump-sum payment when extra money becomes available—like an
annual bonus, gift, or inheritance.<o:p></o:p></span></div>
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<span lang="EN">Before making any extra payments, however, be
sure to check with your mortgage lender about the specific terms of your loan.
Some mortgages have prepayment penalties. And it’s important to ensure that if
you do make additional payments, the money will be applied to your loan
principal.<o:p></o:p></span></div>
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<span lang="EN">Another option to pay off your mortgage faster
is to decrease your amortization period. For example, if you can afford the
larger monthly payments, you might consider refinancing from a 30-year or
25-year mortgage to a 15-year mortgage. Not only will you grow your home equity
faster, but you could also save a bundle in interest over the life of your
loan.<o:p></o:p></span></div>
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<div class="MsoNormal" style="margin-left: .5in; mso-list: l1 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><i style="mso-bidi-font-style: normal;"><span lang="EN"><span style="mso-list: Ignore;">2)<span style="font: 7.0pt "Times New Roman";"> </span></span></span></i><!--[endif]--><i style="mso-bidi-font-style: normal;"><span lang="EN">Raise your home’s market
value.<o:p></o:p></span></i></div>
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<span lang="EN">Boosting the market value of your property is
another way to grow your home equity. While many factors that contribute to
your property’s appreciation are out of your control (e.g. demographic trends
or the strength of the economy) there are things you can do to increase what
it’s worth.<o:p></o:p></span></div>
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<span lang="EN">For example, many homeowners enjoy
do-it-yourself projects that can add value at a relatively low cost. Others
choose to invest in larger, strategic upgrades. Keep in mind, you won’t
necessarily get back every dollar you invest in your home. In fact, according
to <i style="mso-bidi-font-style: normal;">Remodeling Magazine’s</i> latest Cost
vs. Value Report, the remodeling project with the highest return on investment
is a garage door replacement, which costs about $3600 and is expected to recoup
97.5% at resale. In contrast, an upscale kitchen remodel—which can cost around
$130,000—averages less than a 60% return on investment.<sup>4<o:p></o:p></sup></span></div>
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<span lang="EN">Of course, keeping up with routine maintenance
is the most important thing you can do to protect your property’s value.
Neglecting to maintain your home’s structure and systems could have a negative
impact on its value—therefore reducing your home equity. So be sure to stay on
top of recommended maintenance and repairs.<o:p></o:p></span></div>
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<h4>
<b style="mso-bidi-font-weight: normal;"><span lang="EN">HOW DO
I ACCESS MY HOME EQUITY IF I NEED IT?</span></b></h4>
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<span lang="EN">When you put your money into a checking or
savings account, it’s easy to make a withdrawal when needed. However, tapping
into your home equity is a little more complicated.<o:p></o:p></span></div>
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<span lang="EN">The primary way homeowners access their equity
is by selling their home. Many sellers will use their equity as a downpayment
on a new home. Or some homeowners may choose to downsize and use the equity to
supplement their income or retirement savings.<o:p></o:p></span></div>
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<span lang="EN">But what if you want to access the equity in
your home while you’re still living in it? Maybe you want to finance a home
renovation, consolidate debt, or pay for college. To do that, you will need to
take out a loan using your home equity as collateral. <o:p></o:p></span></div>
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<span lang="EN">There are several ways to borrow against your
home equity, depending on your needs and qualifications:<sup>5<o:p></o:p></sup></span></div>
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<div class="MsoNormal" style="margin-left: .5in; mso-list: l2 level1 lfo2; text-indent: -.25in;">
<!--[if !supportLists]--><i style="mso-bidi-font-style: normal;"><span lang="EN"><span style="mso-list: Ignore;">1)<span style="font: 7.0pt "Times New Roman";"> </span></span></span></i><!--[endif]--><i style="mso-bidi-font-style: normal;"><span lang="EN">Second Mortgage - </span></i><span lang="EN">A second mortgage, also known as a home equity loan, is structured
similar to a primary mortgage. You borrow a lump-sum amount, which you are
responsible for paying back—with interest—over a set period of time. Most
second mortgages have a fixed interest rate and provide the borrower with a
predictable monthly payment. Keep in mind, if you take out a home equity loan,
you will be making monthly payments on <i style="mso-bidi-font-style: normal;">both</i>
your primary and secondary mortgages, so budget accordingly.<i style="mso-bidi-font-style: normal;"><o:p></o:p></i></span></div>
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<div class="MsoNormal" style="margin-left: .5in; mso-list: l2 level1 lfo2; text-indent: -.25in;">
<!--[if !supportLists]--><i style="mso-bidi-font-style: normal;"><span lang="EN"><span style="mso-list: Ignore;">2)<span style="font: 7.0pt "Times New Roman";"> </span></span></span></i><!--[endif]--><i style="mso-bidi-font-style: normal;"><span lang="EN">Cash-Out Refinance - </span></i><span lang="EN">With a cash-out refinance, you refinance your primary mortgage for a
higher amount than you currently owe. Then you pay off your original mortgage
and keep the difference as cash. This option may be preferable to a second
mortgage if you have a high interest rate on your current mortgage or prefer to
make just one payment per month.<i style="mso-bidi-font-style: normal;"><o:p></o:p></i></span></div>
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<div class="MsoNormal" style="margin-left: .5in; mso-list: l2 level1 lfo2; text-indent: -.25in;">
<!--[if !supportLists]--><i style="mso-bidi-font-style: normal;"><span lang="EN"><span style="mso-list: Ignore;">3)<span style="font: 7.0pt "Times New Roman";"> </span></span></span></i><!--[endif]--><i style="mso-bidi-font-style: normal;"><span lang="EN">Home Equity Line of Credit
(HELOC) - </span></i><span lang="EN">A home equity line of credit, or HELOC, is a
revolving line of credit, similar to a credit card. It allows you to draw out
money as you need it instead of taking out a lump sum all at once. A HELOC may
come with a checkbook or debit card to enable easy access to funds. You will
only need to make payments on the amount of money that has been drawn. Similar
to a credit card, the interest rate on a HELOC is variable, so your payment
each month could change depending on how much you borrow and how interest rates
fluctuate.<i style="mso-bidi-font-style: normal;"><o:p></o:p></i></span></div>
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<!--[if !supportLists]--><span lang="EN"><span style="mso-list: Ignore;">4)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><i style="mso-bidi-font-style: normal;"><span lang="EN">Reverse Mortgage - </span></i><span lang="EN">A reverse mortgage enables
qualifying seniors to borrow against the equity in their home to supplement their
retirement funds. In most cases, the loan (plus interest) doesn’t need to be
repaid until the homeowners sell, move, or are deceased.<sup>6</sup><o:p></o:p></span></div>
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<span lang="EN">Tapping into your home equity may be a good
option for some homeowners, but it’s important to do your research first. In
some cases, another type of loan or financing method may offer a lower interest
rate or better terms to fit your needs. And it’s important to remember that
defaulting on a home equity loan could result in foreclosure. Ask us for a
referral to a lender or financial adviser to find out if a home equity loan is
right for you.<o:p></o:p></span></div>
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<h4>
<span lang="EN"><o:p> </o:p></span><b style="mso-bidi-font-weight: normal;"><span lang="EN">I'M HERE TO HELP YOU</span></b></h4>
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<span lang="EN">Wherever you are in the equity-growing
process, I can help. I work with buyers to find the perfect home to begin
their wealth-building journey. I also offer free assistance to existing
homeowners who want to know their home’s current market value to refinance or
secure a home equity loan. And when you’re ready to sell, I can help you get
top dollar to maximize your equity stake. Contact me today to schedule a
complimentary consultation!<o:p></o:p></span></div>
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<i style="mso-bidi-font-style: normal;"><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">The above references an opinion and is
for informational purposes only. It is not intended to be financial advice.
Consult a financial professional for advice regarding your individual needs.<o:p></o:p></span></i></div>
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<span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Sources:<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
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<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">National Association of
Realtors -<br />
</span><span lang="EN"><a href="https://www.nar.realtor/blogs/economists-outlook/highlights-from-social-benefits-of-homeownership-and-stable-housing"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.nar.realtor/blogs/economists-outlook/highlights-from-social-benefits-of-homeownership-and-stable-housing</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Urban Institute - <br />
</span><span lang="EN"><a href="https://www.urban.org/urban-wire/homeownership-still-financially-better-renting"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.urban.org/urban-wire/homeownership-still-financially-better-renting</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Census Bureau -<br />
</span><span lang="EN"><a href="https://www.census.gov/library/stories/2019/08/gaps-in-wealth-americans-by-household-type.html"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.census.gov/library/stories/2019/08/gaps-in-wealth-americans-by-household-type.html</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">4.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Remodeling Magazine -<br />
</span><span lang="EN"><a href="https://www.remodeling.hw.net/cost-vs-value/2019/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.remodeling.hw.net/cost-vs-value/2019/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">5.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Investopedia -<br />
</span><span lang="EN"><a href="https://www.investopedia.com/mortgage/heloc/home-equity/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.investopedia.com/mortgage/heloc/home-equity/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">6.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Bankrate -<br />
</span><span lang="EN"><a href="https://www.bankrate.com/mortgage/reverse-mortgage-guide/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.bankrate.com/mortgage/reverse-mortgage-guide/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
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<br />Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com1tag:blogger.com,1999:blog-6512085217184239355.post-8718170251975196992020-02-04T11:25:00.000-08:002020-02-04T11:25:43.742-08:00Local Market Insights - Dec 2019<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXWMS5i0WryFrwQ_1s3xBWIUSKcUZh_5tNcg3diC_gmqaIKNxJaYsIWdzhfK6_rsMZTJ9YIpTK14xZFtRx7DelCh8CVnZmThfHa5YeHwdv64KOC8or0yapLNTTFtPGexbU0wD_0vse-YnR/s1600/dreamstime_neighborhood.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="533" data-original-width="800" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXWMS5i0WryFrwQ_1s3xBWIUSKcUZh_5tNcg3diC_gmqaIKNxJaYsIWdzhfK6_rsMZTJ9YIpTK14xZFtRx7DelCh8CVnZmThfHa5YeHwdv64KOC8or0yapLNTTFtPGexbU0wD_0vse-YnR/s320/dreamstime_neighborhood.jpg" width="320" /></a></div>
<h2>
What's Happening in Your Local Market?</h2>
<h3>
<span style="font-weight: normal;">Whether you are planning to sell or buy a property, understanding your local real estate market is empowering.</span></h3>
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<h4>
December 2019</h4>
<br />
(Combined 3-County Stats)<br />
<br />
<br />
This month the Federal Reserve voted to leave its key benchmark rate
unchanged, which was widely expected. While the rate decisions by the
Federal Reserve do not directly affect mortgage rates, Federal Reserve policy
does affect the economic markets overall. Mortgage rates ended the year
close to three-quarters of a percent lower than in 2018, a welcomed
improvement for buyers as well as homeowners who took the opportunity to
refinance.<br />
<br />
In 2019 home prices were up again in most markets. Buyer demand
continues to be strong but with tepid seller activity still in many locations,
total sales are lower than they would normally be in a more balanced
market. While up from their recent lows a few months ago, mortgage rates
end the year close to three-quarters of a percent lower than a year ago,
helping to improve affordability and offset rising home prices.<br />
<br />
New Listings increased 16.9 percent for Single Family homes and 28.3
percent for Townhouse/Condo homes. Pending Sales increased 50.1
percent for Single Family homes and 68.2 percent for Townhouse/Condo
homes. Inventory decreased 3.5 percent for Single Family homes but
increased 0.4 percent for Townhouse/Condo homes.<br />
<br />
Median Sales Price increased 15.8 percent to $295,249 for Single Family
homes and 8.2 percent to $201,600 for Townhouse/Condo homes. Days on
Market decreased 6.3 percent for Single Family homes and 30.9 percent for Townhouse/Condo homes. Months Supply of Inventory decreased 15.0
percent for Single Family homes and 6.7 percent for Townhouse/Condo
homes.<br />
<br />
With low mortgage rates, low unemployment, and continued wage growth,
home buyer activity is expected to remain healthy into the new year. New
construction has been on the rise in 2019 and is expected to continue into
2020, but many experts note that the country is still not building enough
new units to quench demand. It remains to be seen whether existing
homeowners will be enticed to sell by higher home prices, which could
finally bring the overall housing market into greater balance.<br />
<br />
<span style="font-size: 14pt;">Above info is combined New Hanover, Brunswick and Pender Counties, provided by Cape Fear REALTORS</span><span style="font-size: 14pt;">®</span><br />
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<span style="font-size: 14.0pt; line-height: 107%;"><o:p></o:p></span></div>
<br />Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-39661811333535265282019-11-15T12:56:00.001-08:002020-02-04T11:28:36.225-08:00Update: Under Contract! Condo for sale - 111 Florida Avenue 2, Carolina Beach, NC 28428<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhI6ROhXWVH1cws8gmxs7GHGuDRsCzRRqmjcI76JXiRvp-KvmWyy98MWV5wqntrLIw9D3T_uDqf1gs6CKnHwZpnxVcDLjzTe4R-U_qXVZECOFH3PRGJ2NjDOZSmMMnuIPytxy9yc9oPDfFr/s1600/01_111FloridaAveUnit21_mls.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1199" data-original-width="1599" height="239" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhI6ROhXWVH1cws8gmxs7GHGuDRsCzRRqmjcI76JXiRvp-KvmWyy98MWV5wqntrLIw9D3T_uDqf1gs6CKnHwZpnxVcDLjzTe4R-U_qXVZECOFH3PRGJ2NjDOZSmMMnuIPytxy9yc9oPDfFr/s320/01_111FloridaAveUnit21_mls.jpg" width="320" /></a></div>
<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/Rs_ZhwVyp_I" width="480"></iframe><br />
<br />
This is a great 2bed/2bath condo on Carolina Beach, with a beautiful south-facing view of the Yacht Basin. $300,000. Bring your offers!Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-45358456963376415242019-11-11T10:34:00.001-08:002020-02-04T09:07:53.615-08:00Local Market Insights<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2YySawt6xHGHHOkJoPezKeabJUL10EmTJHZmGDnqhRl_am752VOoQlhja4lEruzuZNfSbWEnKlyTFly-qi1k3Ec9wxFImdfEI8o4coCaBOqb6NAr7LVSEPGnokp6mVtXxGqubT3gSTFO_/s1600/dreamstime_neighborhood.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="533" data-original-width="800" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2YySawt6xHGHHOkJoPezKeabJUL10EmTJHZmGDnqhRl_am752VOoQlhja4lEruzuZNfSbWEnKlyTFly-qi1k3Ec9wxFImdfEI8o4coCaBOqb6NAr7LVSEPGnokp6mVtXxGqubT3gSTFO_/s320/dreamstime_neighborhood.jpg" width="320" /></a></div>
<h2>
What's Happening in Your<i> </i>Real Estate Market? </h2>
<h3>
October 2019 Stats</h3>
<h4>
</h4>
<h4>
Whether you are planning to sell or buy a property, understanding your local real estate market is empowering.</h4>
<br />
<br />
In the three-county area, historically low mortgage rates continue to shore up buyer demand as we
enter the seasonally slower time of year. Throughout much of the country, the
continued low level of housing inventory also continues to constrain sales
activity from where it would likely be in a balanced market. In short, current
trends are expected to continue.<br />
<br />
For the 12-month period spanning
November 2018 through October 2019, the price range with the largest gain in sales was the
$450,001 or more range, where they increased 24.4 percent.<br />
The overall Median Sales Price was up 2.4 percent to $251,000.<br />
The property
type with the largest price gain was the Townhouse/Condo segment, where
prices increased 2.9 percent to $195,000.<br />
The price range that tended to sell
the quickest was the $150,000 and below range at 51 days; the price range
that tended to sell the slowest was the $450,001 or more range at 109 days.<br />
Market-wide, inventory levels were down 1.3 percent. The property type that
gained the most inventory was the Condos segment, where it increased 2.5
percent. That amounts to 3.8 months supply for Single Family homes and 3.3
months supply for Townhouse/Condo.<br />
(Information provided by Cape Fear REALTORS®)<br />
<br />
With sale prices continuing to rise and inventory to decline, one surprising statistic is that affordability in the three county area has very slightly improved since 2018. Perhaps this is because historically low interest rates have more than off-set the rise in prices, helping many to find buying a home more accessible. <br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmaL__Lwmwrd44S8lkylfqktnIsjYgTgN5kKIHsSefY6pIqyRJ4XhyphenhyphenywQCfRJa2wZdWcVpT1ek4D6LZXA8_57qDhCoiZhUvIlTcRJsNCn7SPBlis8Z2E_Iy9ECwR-3IAbe-wzF9D3Palbn/s1600/Oct2019Affordability.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="667" data-original-width="1600" height="264" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmaL__Lwmwrd44S8lkylfqktnIsjYgTgN5kKIHsSefY6pIqyRJ4XhyphenhyphenywQCfRJa2wZdWcVpT1ek4D6LZXA8_57qDhCoiZhUvIlTcRJsNCn7SPBlis8Z2E_Iy9ECwR-3IAbe-wzF9D3Palbn/s640/Oct2019Affordability.jpg" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIf17aNjtz10FbkusUSOQq1MpejSFhxz-17n24hJgATk6oDFr4dB6jZMc2XL2WW9NYih2mK1s8QVGLreqABXKJd-ECRCepW3z4xtu_b9kOzpYU4LnM9wuepuDDIlX99hMHdW5HaOWXrPEW/s1600/Oct2019MedianSales.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="686" data-original-width="1573" height="276" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIf17aNjtz10FbkusUSOQq1MpejSFhxz-17n24hJgATk6oDFr4dB6jZMc2XL2WW9NYih2mK1s8QVGLreqABXKJd-ECRCepW3z4xtu_b9kOzpYU4LnM9wuepuDDIlX99hMHdW5HaOWXrPEW/s640/Oct2019MedianSales.jpg" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2T0_BHh4GS63WPCP11C9PlLDBLUnfZ8Lkl4SzxW7PEJgG6u1RsVJj3KAzqGsLx5urHTqYuPONET2xoObDcdPC7HREGnT-rYlS0z0MP6fGbNEiu39i5-kYkTK2kBEkiD8uh9lL9RqjjEIT/s1600/homesIllustdreamstime_m_88617263.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="800" data-original-width="1600" height="160" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2T0_BHh4GS63WPCP11C9PlLDBLUnfZ8Lkl4SzxW7PEJgG6u1RsVJj3KAzqGsLx5urHTqYuPONET2xoObDcdPC7HREGnT-rYlS0z0MP6fGbNEiu39i5-kYkTK2kBEkiD8uh9lL9RqjjEIT/s320/homesIllustdreamstime_m_88617263.jpg" width="320" /></a></div>
Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-56560299156498942672019-07-01T08:48:00.000-07:002019-07-01T08:48:49.030-07:00Will Your Remodel Pay Off? The Best (and Worst) Ways to Spend Your Budget<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQfEs2QfkRYaoy1z4j23Gae4BKtWI2Ubj9TtAVEz__t2eR-StD3bXwKk1VKvNEiyxGMBjFB8pfllbfRv9ZgYxuDnKjlB2zFXVJOko_319Fo_Ge3lmZMSOT6kvUIJANFy0ShvOnevKKZEtw/s1600/July+2019+-+MVP+-+Instagram+Image.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1600" data-original-width="1600" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQfEs2QfkRYaoy1z4j23Gae4BKtWI2Ubj9TtAVEz__t2eR-StD3bXwKk1VKvNEiyxGMBjFB8pfllbfRv9ZgYxuDnKjlB2zFXVJOko_319Fo_Ge3lmZMSOT6kvUIJANFy0ShvOnevKKZEtw/s400/July+2019+-+MVP+-+Instagram+Image.png" width="400" /></a></div>
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<div class="MsoNormal">
<span lang="EN">Most new homeowners have something about their
property that they want to change. And as family needs and design trends shift
over time, many will eventually choose to remodel. Some homeowners make updates
to their property before listing it to maximize their potential sales revenue.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">Whatever your reasons are for taking on a home
improvement project, it’s wise to consider how the money you invest will impact
your home’s value.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">We’ve taken a look at six popular home
renovations and identified those that—on average—have the best and worst
returns on investment. So before you lift a hammer or hire a contractor, take a
look at this list and see if your remodeling efforts will reward you when it
comes time to sell.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span lang="EN">RENOVATIONS
THAT PAY OFF<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">These three common home improvement projects
not only add function and style to your home, but they also offer a strong
return on investment. Making strategic upgrades to your property will help you
increase its value over time.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span lang="EN">Minor
Kitchen Remodel<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span lang="EN">The kitchen is often referred to as the “heart
of the home,” and for good reason. Traditionally used for preparing food, it
has morphed into so much more. Many of us now eat our family meals in the
kitchen, it serves as a favorite spot for homework and kids’ art projects, and
it’s the place guests tend to gather when we host events. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">Because we spend so much time in our kitchens,
it’s natural that we will eventually want to make updates and upgrades to
better suit our needs and changing style preferences.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">Luckily, a minor kitchen remodel is one of the
best investments you can make in your home. According to <i style="mso-bidi-font-style: normal;">Remodeling Magazine’s</i> annual Cost vs. Value Report, it has an
average 80.5% return on investment.<sup>1<o:p></o:p></sup></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">The key to making a kitchen remodel pay off is
to keep it modest in scale. Spend too much on custom or high-end selections,
and you are less likely to recoup your investment. Instead, make an effort to
keep your existing layout if it works for you and your family. Paint or reface
cabinets instead of replacing them. Update countertops with low-maintenance
quartz and swap out old light fixtures with modern alternatives. Replace
outdated appliances with energy-efficient models. The average cost for a minor
kitchen remodel is $22,500, and it’s likely to recoup more than $18,000 at resale.<sup>1<o:p></o:p></sup></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFh0nU4nd8YqZhp0lT0wRgbhq2cVomt0WwCfnLcOSKd5wItQbcku9xf_N0-78K4sUrFHHpeCrq-17vOSJfrashV9CKsKfmxA4BRLRg_O0yl_eYIIOl5JDaEVGkqOfx3K4wEsneritQYmb2/s1600/deckDreamstime.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="533" data-original-width="800" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFh0nU4nd8YqZhp0lT0wRgbhq2cVomt0WwCfnLcOSKd5wItQbcku9xf_N0-78K4sUrFHHpeCrq-17vOSJfrashV9CKsKfmxA4BRLRg_O0yl_eYIIOl5JDaEVGkqOfx3K4wEsneritQYmb2/s320/deckDreamstime.jpg" width="320" /></a></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span lang="EN"><br /></span></b></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span lang="EN">Wood
Deck Addition<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span lang="EN">A deck addition is a popular way to extend and
enhance the use of your outdoor space. It’s the perfect spot for grilling,
dining alfresco, and entertaining. In fact, 81% of surveyed homeowners said
they have a greater desire to be home since completing a deck addition.<sup>2<o:p></o:p></sup></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">For a 16 x 20-foot wood deck, you can expect
to spend around $13,000. Fortunately, the money you invest offers an average
return of 76%.<sup>1<o:p></o:p></sup></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">Decks made of composite material are a popular
alternative these days, as they don’t require the regular sanding and staining
that wood decks need. However, at an average cost of $19,000 for a 16 x 20-foot
composite deck, they are significantly more expensive. Plus, the expected
return on investment is only 69%.<sup>1 </sup>Still, if you plan to hire
someone to provide regular maintenance to a wood deck, then a composite deck
may offer cost savings over time.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span lang="EN">Siding
Replacement<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span lang="EN">Everyone knows good curb appeal is important
when selling your home. And while it may not be the most exciting way to spend
your remodeling budget, new siding can make a big impression on buyers … and
your selling price.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">Your home’s exterior is one of the first
things buyers see when they view your home. It sets the tone for what they are
going to see inside. It also gives an impression of how well the property has
been maintained. Worn, peeling, or rotted siding can be a major red flag for
buyers.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">Replacing 1,250 square feet of siding costs
around $16,000 and will net you an average of 76% at resale.<sup>1<o:p></o:p></sup></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">For an even greater impact, consider replacing
a portion of your siding with manufactured stone veneer. It can have a dramatic
effect on the visual appeal of your home. A 300 square foot area will run you
around $8,900, but you can expect to see a nearly 95% return when it comes time
to sell.<sup>1<o:p></o:p></sup></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span lang="EN">RENOVATIONS
WITH WEAK RETURNS<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">These three popular remodeling projects are
homeowner favorites. However, don’t expect to see a high rate of return at
resale. Instead, consider them an investment in your current quality of life.
Just make sure you’ll be living in the home long enough to make them
worthwhile.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span lang="EN">Major
Kitchen Remodel<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span lang="EN">If there’s one room the majority of homeowners
dream about making over, it’s their kitchen. From custom cabinetry to high-end
appliances, the possibilities are endless. But those dreams can come at a cost.
<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">An upscale kitchen remodel with high-end
cabinetry and countertops, commercial-grade appliances, and designer features
can cost upwards of $130,000. And unfortunately, you’ll only get back around
60% at resale. Even a mid-range kitchen remodel that includes new semi-custom
wood cabinets, laminate countertops, and energy-efficient appliances could run
you around $66,000 and net you a mere 62% at resale.<sup>1</sup> <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">Of course, an outdated or non-functional
kitchen could turn buyers off from your home completely …<span style="mso-spacerun: yes;"> </span>and keep you from enjoying it yourself! So if
your kitchen needs a major remodel, you shouldn’t necessarily scrap your plans.
Just go in with the realization that you may only get back a fraction of what
you invest. Then you can decide which upgrades are worth the splurge.<o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span lang="EN"><br /></span></b></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span lang="EN">In-ground
Pool</span></b><span lang="EN"><span style="mso-tab-count: 1;"> </span><o:p></o:p></span></div>
<div class="MsoNormal">
<span lang="EN">Few additions deliver more entertainment or
enjoyment than an in-ground pool. It brings families and friends together,
provides a break from the summer heat, and offers a fun and convenient way to
stay fit. Plus, you’ll be the envy of your neighbors! But before you dive into
a pool addition, consider whether the benefits outweigh the (substantial)
costs.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">The average expense to install a standard 18 x
36-foot in-ground pool is $57,500. And the estimated return at resale is only
or 43%.<sup>2</sup> In addition to the installation cost, plan to spend money
each year on maintenance, repairs, and additional insurance. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">However, 92% of surveyed homeowners said they
“have a greater desire to be home” since installing a pool, and 83% have “an
increased sense of enjoyment when they are at home.” For you and your family,
the perks of a pool may be priceless.<sup>2<span style="background: yellow; mso-highlight: yellow;"><o:p></o:p></span></sup></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span lang="EN">Master
Suite Addition<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span lang="EN">If you own a house built before the 1980s,
there’s a good chance it lacks a master suite, which is a feature that has
become commonplace in most newly constructed homes.<sup>3<o:p></o:p></sup></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">Master bedrooms have evolved from a simple
place to sleep into a homeowner’s retreat—often featuring a sitting area,
his-and-hers walk-in closets, and an attached bathroom with double vanities, a
soaking tub, and a walk-in shower.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">And master suite additions have become
increasingly popular—both in homes that lack one as well as those with aging
owners who can no longer accommodate stairs to an upper-level bedroom.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">But what’s the typical return at resale?
Unfortunately, a master suite addition offers one of the lowest returns of any
remodeling project. With a median cost of $125,000, most sellers will only
recoup around 52% of their investment. Nevertheless, in a survey of homeowners,
the majority were satisfied with their decision to add a master suite, giving
it a “Joy Score” of 10 out of 10.<sup>4<o:p></o:p></sup></span></div>
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<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span lang="EN">WEIGHING
COST VS. BENEFIT<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN">It’s always wise to enter into a remodeling
project with knowledge of how it will impact your home’s value. In most cases,
upscale or highly-customized upgrades are less likely to offer a high rate of
return. That said, home renovations that improve your quality of life and
enhance your enjoyment may be worthwhile no matter the cost.<o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span lang="EN">GET A
CUSTOMIZED ANALYSIS OF YOUR PROJECT<o:p></o:p></span></b></div>
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<span lang="EN">We’ve been talking averages. But the truth
is, the actual return you can expect on a home improvement project will vary
depending on your particular home and neighborhood. If you have plans to
remodel, call or send us the details. We’d be happy to conduct a free
analysis to determine how the renovations will impact the value of your home!<o:p></o:p></span></div>
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<span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Sources:<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">2019 Cost vs. Value Report -<br />
</span><span lang="EN"><a href="https://www.remodeling.hw.net/cost-vs-value/2019/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.remodeling.hw.net/cost-vs-value/2019/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">NAR’ Remodeling Impact Report
- </span><span lang="EN"><a href="https://www.nar.realtor/sites/default/files/documents/2018-05-remodeling-impact-outdoor-features-05-23-2018.pdf"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.nar.realtor/sites/default/files/documents/2018-05-remodeling-impact-outdoor-features-05-23-2018.pdf</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Zillow -<br />
</span><span lang="EN"><a href="https://www.zillow.com/blog/evolution-of-the-master-bedroom-48286/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.zillow.com/blog/evolution-of-the-master-bedroom-48286/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">4.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">House Logic -<br />
</span><span lang="EN"><a href="https://www.houselogic.com/by-room/bedroom-closet/master-suite-addition-return-investment/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.houselogic.com/by-room/bedroom-closet/master-suite-addition-return-investment/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
<br />Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-88022390575204931652019-05-01T08:21:00.004-07:002019-05-01T08:21:46.965-07:00Top 6 Home Organization Upgrades that “Spark Joy” for Buyers<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVAo-4V2c2fmnk99-zraeCnvtyUErpD79R49TQELn-OkXxTQP8yKPV9OsgCGC80sZ_6zKkNvr7ZfJ5HepstBJ-S8HrBQGEl07D0EOd-votJYiR2A_QTP85HwhiY8oT4iVVflqKKVgy1F19/s1600/PA+May+2019+-+MVP+-+Social+Media+Image1.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="840" data-original-width="1600" height="336" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVAo-4V2c2fmnk99-zraeCnvtyUErpD79R49TQELn-OkXxTQP8yKPV9OsgCGC80sZ_6zKkNvr7ZfJ5HepstBJ-S8HrBQGEl07D0EOd-votJYiR2A_QTP85HwhiY8oT4iVVflqKKVgy1F19/s640/PA+May+2019+-+MVP+-+Social+Media+Image1.png" width="640" /></a></div>
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<span lang="EN"><o:p> </o:p></span>Thanks to Marie Kondo and her hit Netflix
series “Tidying Up,” home organization is a hot topic right now. Marie
encourages her viewers to minimize their possessions and keep only those items
that “spark joy.”</div>
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<span lang="EN">With spring in full bloom, now is the perfect
time to do some spring cleaning and add organizational systems to your own
home. Not only will you clear out clutter, your efforts can actually increase
the value of your home. <o:p></o:p></span></div>
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<span lang="EN">Ready to give it a try? Here are six home
organization ideas that will “spark joy” for you <i style="mso-bidi-font-style: normal;">and</i> your property value. <o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span lang="EN">Boost
Bathroom Storage Capacity<o:p></o:p></span></b></div>
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<span lang="EN">When was the last time you cleaned out your
bathroom cupboards? If it’s been awhile, remove everything and take a look at
each item. Toss any old or expired products—keep only what you actually use.<o:p></o:p></span></div>
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<span lang="EN">If your vanity has drawers, add drawer organizers,
so you have a dedicated space for smaller items, like makeup and jewelry. For
deep cabinets, install roll-out shelves or baskets to maximize the use of
space.<o:p></o:p></span></div>
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<span lang="EN">And don’t forget about the walls! Mount open
shelves to store towels. If you’re short on storage space, a cabinet over the
toilet can offer additional room for supplies. These inexpensive additions can
make your morning routine a little easier while giving your bathroom a more
custom feel. And on average, minor bathroom remodeling projects like these see
a 102% return at resale.<sup>1 </sup><o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span lang="EN">Upgrade
Your Laundry Room<o:p></o:p></span></b></div>
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<span lang="EN">Sort through the items in your laundry room
and throw away or donate anything you no longer need or use. If you’ve been
holding onto a collection of old washcloths and single socks, it’s time to say
goodbye. Then give your laundry room an upgrade with some customized
organizational features. <o:p></o:p></span></div>
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<span lang="EN">A mix of open cubbies and cabinets with doors
will give you plenty of options for storing detergents and supplies. If you
have space, a divided hamper or set of laundry baskets can provide a place to
sort your clothes before washing. Install a hanging rod or drying rack for
delicates and a flat work surface for ironing and folding clothes. With a few
simple tweaks, you can turn this chore into a score!<o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span lang="EN">Fully
Utilize Your Basement or Attic</span></b><span lang="EN"><o:p></o:p></span></div>
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<span lang="EN">Basements and attics can easily become a
dumping ground for clutter. If that’s the case in your home, you know what to
do!<o:p></o:p></span></div>
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<span lang="EN">Once you’ve conducted a thorough clean out,
think about how you can better utilize the space to meet your family’s needs.
Install cabinets and a table so you can use the area as a craft room. Or you
could turn it into a game room with a media center and ping-pong table.
Investing in your basement will not only add function for your family, but also
the average basement remodel can see up to a 70% return on investment when it’s
time to sell.<sup>2<o:p></o:p></sup></span></div>
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<span lang="EN">If you have an attic, consider adding a cedar
closet to store your off-season clothing. The cedar lining will keep your
clothes free from moths and smelling fresh year round.<sup>3</sup> Turning your
attic into a more usable space will pay off down the road, too. A finished
attic sees an estimated 60% return on investment.<sup>2</sup><span style="mso-spacerun: yes;"> </span><b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
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<b style="mso-bidi-font-weight: normal;"><span lang="EN">Customize
Your Closets <o:p></o:p></span></b></div>
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<span lang="EN">Cleaning out the closet is a chore most of us
dread, but by now, you’re a pro! Get rid the clothes and shoes that don’t fit
you, are uncomfortable to wear, or that no longer “spark joy.”<o:p></o:p></span></div>
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<span lang="EN">Then it’s organizing time. So where do you
start? You’ll want to create a designated space for each type of clothing: high
hanging rods for dresses and long jackets, lower rods for skirts and shirts,
and shelves for folded items like jeans. And accessories need a place to go,
too. Add racks for your shoes, drawers for jewelry, hooks for hats, and shelves
or racks for handbags. <o:p></o:p></span></div>
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<span lang="EN">A well-equipped closet can be a major draw for
buyers—the average return on a closet remodel is 57%.<sup>4</sup> But more
importantly, it’ll improve your day-to-day life. Surveyed homeowners gave their
closet remodel a “Joy Score” of 10 out of 10, higher than kitchen or bath
upgrades.<sup>5</sup><o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span lang="EN">Install
Built-in Bookcases and Cabinets<o:p></o:p></span></b></div>
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<span lang="EN">Built-in furniture adds functionality and
storage to a room while giving your home a high-end look. Built-in bookcases
can turn an empty room into an office. Custom cabinets can be used in a living
room to display media equipment while providing hidden storage for DVDs, board
games, and family albums. <o:p></o:p></span></div>
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<span lang="EN">When designing any built-in feature, remember
not to go <i style="mso-bidi-font-style: normal;">too</i> custom. A design that
only fits your tastes or belongings could turn off future buyers. Instead,
select standard sizes and classic finishes to appeal to a broad range of buyers
when it comes time to sell. <o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span lang="EN">Equip
Your Garage<o:p></o:p></span></b></div>
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<span lang="EN">If you can no longer fit your car in your
garage, it may be time for a clean out. Similar to an attic or basement, the
garage can quickly become overrun with clutter. A thorough cleaning will help
you assess which items are worth keeping.<o:p></o:p></span></div>
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<span lang="EN">When adding organizational systems your
garage, start with a small rack to store yard tools and larger racks for bikes
and sports equipment. Overhead racks are a great place to put seasonal items
and bulky luggage. A workbench against a wall lined with pegboard and hooks
creates a dedicated space to use and store tools. If you have children or pets,
add a cabinet with a lock. This will give you a place to securely store harsh
chemicals and sharp tools. With a little effort, you’ll be pulling in your car
(and buyers) in no time!<o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span lang="EN">SPRING
INTO ACTION<o:p></o:p></span></b></div>
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<span lang="EN">If you’re searching for service providers to
help with your spring cleaning or home organization efforts, let me know! I
can connect you with my trusted network of local home improvement
professionals. I can also help you determine which organizational upgrades
will add the most value to your home. Call me today, and let me know how I can
help!<o:p></o:p></span></div>
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<span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Sources:<o:p></o:p></span></div>
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<div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">HGTV - <br />
</span><span lang="EN"><a href="https://www.hgtv.com/design/real-estate/top-home-updates-that-pay-off-pictures"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.hgtv.com/design/real-estate/top-home-updates-that-pay-off-pictures</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">Nationwide - <br />
</span><span lang="EN"><a href="https://blog.nationwide.com/valuable-home-improvements/"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://blog.nationwide.com/valuable-home-improvements/</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">HGTV - <br />
</span><span lang="EN"><a href="https://www.hgtv.com/remodel/interior-remodel/maximum-home-value-storage-projects--attic"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.hgtv.com/remodel/interior-remodel/maximum-home-value-storage-projects--attic</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">4.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">The Closet Doctor - </span><span lang="EN"><a href="https://www.closet-doctor.com/news/what-is-the-return-on-investment-on-closet-organizers"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.closet-doctor.com/news/what-is-the-return-on-investment-on-closet-organizers</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><span style="mso-list: Ignore;">5.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN" style="font-size: 9.0pt; line-height: 115%;">NAR Remodeling Impact Survey -<br />
</span><span lang="EN"><a href="https://www.nar.realtor/sites/default/files/documents/2017-remodeling-impact-09-28-2017.pdf"><span style="color: #1155cc; font-size: 9.0pt; line-height: 115%;">https://www.nar.realtor/sites/default/files/documents/2017-remodeling-impact-09-28-2017.pdf</span></a></span><span lang="EN" style="font-size: 9.0pt; line-height: 115%;"><o:p></o:p></span></div>
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<br />Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-69266012881636330242018-11-29T08:46:00.004-08:002018-11-30T13:07:16.813-08:00Weekend Guide to local Holiday Activities<div class="separator" style="clear: both; text-align: center;">
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<h3 style="clear: both; text-align: center;">
Get into the Spirit of the Season! </h3>
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<b>There are so many events at this time of year, all aimed to get you into the bright and shiny Spirit of the Season. Here are a few to enjoy this week.</b></div>
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<h3>
Christmas Parade - Carolina Beach</h3>
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<b>Friday, Nov 30, 7:30 pm, Lake Park Blvd, Carolina Beach</b></div>
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<span style="color: dimgrey; margin-bottom: 0px; margin-top: 0px;"><span style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0); font-size: 16px; margin-bottom: 0px; margin-top: 0px;">Area residents young and old look forward to the annual Christmas Parade. </span></span></div>
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<span style="color: dimgrey; margin-bottom: 0px; margin-top: 0px;"><span style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0); font-size: 16px; margin-bottom: 0px; margin-top: 0px;">The parade proceeds from Atlanta Ave down Lake Park Blvd to the Federal Point Plaza in Carolina Beach. Floats, bands and Santa Clause will be there to add to the festivities of the season and provide a night of entertainment for families. </span></span></div>
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<span style="color: dimgrey; margin-bottom: 0px; margin-top: 0px;"><span style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0); font-size: 16px; margin-bottom: 0px; margin-top: 0px;">For more info, visit the Pleasure Island website: <a href="http://www.pleasureislandoflights.com/christmas-parade.html">website Pleasure Island Parade</a></span></span></div>
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Greenfield Park Christmas Tree Lighting and Movie</h3>
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Friday, Nov 30, 1941 Amphitheater Dr., Wilmington</div>
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Tree lighting, free visits with Santa, and the movie "Elf." The entertainment starts at 5:15 pm, the tree lighting will be at 6:00 and with the arrival of Santa, and the movie begins at 7 pm. This will be holiday fun for the whole family!</div>
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For more info, visit the Wilmington Parks & Recreation web page: <a href="https://www.wilmingtonnc.gov/Home/Components/Calendar/Event/1574/157?fbclid=IwAR0EUuWn4uoKhp0qKMNw57PzzIBUzsxFDRFNjpxQcKSw-5ZecrJH7Sz2iPg">website Greenfield Tree Lighting</a></div>
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Island of Lights Christmas Flotilla</h3>
<b>Saturday, Dec 1, 6:00 pm, Carolina Beach Boat Basin, 216 Canal Drive</b><br />
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<span style="color: dimgrey; font-family: "sanchez"; font-size: 16px;">Fishing boats and pleasure craft decorated with thousands of lights present a spectacular display on the Intracoastal Waterway. They cruise form Snows Cut to the Carolina Beach Boat Basin and back. The boats compete for prizes and add to the wonderful holiday spirit. </span><br />
<span style="color: dimgrey; font-family: "sanchez"; font-size: 16px;">For more info, visit the Pleasure Island website: <a href="http://www.pleasureislandoflights.com/christmas-flotilla.html">website Island of Lights</a></span><br />
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Cape Fear Festival of Trees</h3>
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<b>Nov 19-Jan 2, 9 am- 5 pm, at the NC Aquarium at Fort Fisher </b> </div>
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Santa's Magical Morning</h3>
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<span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;"><b>Saturday Dec 15, 8-9:30 am, at the NC Aquarium at Fort Fisher</b></span></div>
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<span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;"> Join Lower Cape Fear Hospice at the NC Aquarium at Fort fisher for one of the area's favorite and longest running holiday traditions: <b>Cape Fear Festival of Trees</b>. Admission to the aquarium is all that is needed to delight in a forest of uniquely decorated trees while taking in all the amazing aquatic displays. Sure to delight all ages, Cape Fear Festival of Trees is the perfect way to entertain children out on school break or family and friends visiting during the holidays.</span></div>
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<span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;"> And keep in mind the upcoming <b>Santa's Magical Morning </b>also at the Aquarium on Saturday, Dec 15, 8-9:30 am. </span><span style="background-color: white; color: #4d4e52; font-family: , serif; font-size: 15px;">Enjoy a donut breakfast while Santa dives in the Cape Fear Shoals with his aquatic friends. Wonder at true tales of Santa's North Pole neighbors and polar pals. Enjoy holiday story time with Mrs. Claus, and don't be surprised by the giggles of glee when the jolly old elf presents a specially selected gift to each child.</span><span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;"> </span></div>
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<span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;">For more info, Visit the NC Aquarium website: <a href="https://www.ncaquariums.com/fort-fisher-special-events">NC Aquarium </a></span></div>
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Wilmington Holiday Parade and Menorah Lighting</h3>
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<b>Sunday, Dec 2, starting 6 pm</b></div>
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<span style="background-color: white; color: #404040; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px;">Wilmington’s 16th annual holiday parade will pass through several blocks of downtown, bringing marching bands, floats, and of course, a visit from Santa. </span><span style="background-color: white; color: #404040; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px;">Starting at 6 p.m., the celebrations will begin with the lighting of the community menorah. The lighting will take place at the intersection of Market and Water Streets. </span><span style="background-color: white; color: #404040; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px;">The parade also kicks off at 6 p.m., four blocks north of the menorah lighting on Water Street at Walnut Street. </span><span style="background-color: white; color: #404040; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px;">Festivities will follow down Water Street south toward Chesnut Street.</span><span style="background-color: white; color: #404040; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px;"> </span></div>
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<span style="background-color: white; color: #404040; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px;">For more info and parade route visit the Port City Daily page: <a href="https://portcitydaily.com/local-news/2018/11/30/catch-wilmingtons-holiday-parade-menorah-lighting-downtown-sunday/?fbclid=IwAR142dfSwMZhbgn9m0TqlyjoqaqK4rx1MIBXSQox5XuqGvvMgYi-7_v6J6k">Wilmington Parade Article</a></span></div>
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Christmas By The Sea - Carolina Beach Boardwalk</h3>
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<span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;"><b>Nov 25 until Christmas, Carolina Beach Boardwalk</b></span></div>
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<span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;">During the annual Christmas by the Sea, </span><span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;">the Carolina Beach Boardwalk area is a holiday wonderland, with fun activities for families. The Boardwalk is decorated and lit up each and every night during the holiday season starting with the lighting ceremony on Saturday, November 24th. </span><br />
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<span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;"><b>On Saturday, December 1, 8, and 15 the following activities will be active from 6:30 until 8:30 pm:</b></span><br />
<br style="background-color: white; color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px;" />
<span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;">Come Visit Santa & Mrs Claus Welcome Center</span><br />
<span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;">- Fire Pit with story telling </span><br />
<span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;">- Hot chocolate at the Welcome Center</span><br />
<span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;">- Puppet show</span><br />
<span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;">- Arts & Crafts Area and ornament making activities for kids</span><br />
For more info, visit the Christmas by the Sea Facebook page: <a href="https://www.facebook.com/Xmasbythesea/">Page Xmas by the Sea</a></div>
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Enchanted Airlie</h3>
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<span style="background-color: white; color: #333333; font-family: "lato" , sans-serif; font-size: 16px;">Enchanted Airlie 2018 will run the following nights, </span></div>
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<span style="background-color: white; color: #333333; font-family: "lato" , sans-serif; font-size: 16px;">at Airlie Gardens, 300 Airlie Rd, Wilmington NC</span><br />
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<li style="box-sizing: border-box; list-style-type: disc;"><span style="box-sizing: border-box; font-weight: 700;">November: 23rd, 24th & 30th </span></li>
<li style="box-sizing: border-box; list-style-type: disc;"><span style="box-sizing: border-box; font-weight: 700;">December:</span> <span style="box-sizing: border-box; font-weight: 700;">1st & 7th-22nd</span></li>
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<span style="color: #333333; font-family: "lato" , sans-serif;"><i>Better get your tickets NOW because they are almost all gone! </i></span></div>
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<span style="color: #333333; font-family: "lato" , sans-serif;">Airlie Gardens in Wilmington presents Enchanted Airlie, where visitors can experience a self-guided walking tour through gardens featuring festive lights and holiday displays. </span><span style="background-color: white; color: #333333; font-family: "lato" , sans-serif; font-size: 16px;">Santa Claus himself will be in attendance, and a few local food and beverage vendors will have hot chocolate, popcorn, cookies, beer, wine and more!</span></div>
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<span style="background-color: white; color: #333333; font-family: "lato" , sans-serif; font-size: 16px;">For more info, see the Airlie Gardens website: <a href="http://airliegardens.org/events-news/enchanted-airlie/">website Enchanted Airlie</a></span></div>
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<h3>
City Ballet Presents: A Carolina Nutcracker</h3>
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Saturday, Dec 1 at 7 pm; Sunday Dec 2 at 3 pm, Wilson Center, Wilmington</div>
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<i>A Carolina Nutcracker </i>is the Cape Fear region's own full-length traditional production of the beloved holiday ballet! Set in 1865 Wilmington at the Bellamy Mansion, the ballet features all the classic elements of the original -- Drosselmeyer, the Mouse King, and the Sugar Plum Fairy -- merged with Wilmington's own history. The City Ballet is joined by professional guest artists from the Carolina Ballet in Raleigh, and Tchaikovsky's sumptuous musical score is performed by a live 50-piece professional orchestra and a treble chorus. If you only see one "Nutcracker" this year, this is the one for the whole family!</div>
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For more info and tickets, visit the Wilson Ctr website: <a href="https://cfcc.edu/capefearstage/carolina-nutcracker-2018/">website Nutcracker</a></div>
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<b>Area Map of the Best Christmas Lights</b></div>
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If you love driving around to marvel at the the creative and beautiful light displays in our neighborhoods, here's a map that is being constantly updated to help you find the best of the best. </div>
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Wilmington Christmas Lights Website: <a href="http://www.wilmingtonchristmaslights.com/home">Our Lights</a></div>
Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-25231066841202946322018-10-18T10:44:00.002-07:002018-10-18T10:44:36.263-07:00Tips for Surviving Halloween<div class="separator" style="clear: both; text-align: center;">
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Whether you are prepping kids for a night out or heading out
to your own festivities, use these tips to keep your Halloween free from scary
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If your kids are trick or treating:</h4>
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<li><span style="text-indent: -0.25in;">Add protective tape to costumes and/or candy
bags for better visibility</span></li>
<li><span style="text-indent: -0.25in;">Make sure you and/or your kid(s) are equipped
with flashlights with new batteries</span></li>
<li><span style="text-indent: -0.25in;">Use costume makeup instead of masks to avoid
obstructed eyesight</span></li>
<li><span style="text-indent: -0.25in;">Pin long costumes and wear comfortable shoes to
avoid tripping</span></li>
<li><span style="text-indent: -0.25in;">Ditch pointed accessories like swords and sticks</span></li>
<li><span style="text-indent: -0.25in;">Accompany your kids out or arrange for them to
join a group supervised by an adult</span></li>
<li><span style="text-indent: -0.25in;">Carry a cell phone</span></li>
<li><span style="text-indent: -0.25in;">Teach your kids how to safely cross the street
and check for on-coming traffic</span></li>
<li><span style="text-indent: -0.25in;">Only visit a home if the porch light is on; never enter a home or car to get a treat</span></li>
<li><span style="text-indent: -0.25in;">Plan a route and stay together</span></li>
<li><span style="text-indent: -0.25in;">Examine treats and toss out anything unwrapped </span></li>
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Also, do check into some of the great <b>alternative Treat or Treat options</b>!</div>
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<ul>
<li>Batty Battleship Halloween Bash - <span style="background-color: white; font-size: 14px; text-indent: 0px;"><span style="font-family: inherit;">Trick or Treat aboard the Battleship North Carolina on Tuesday, October 24, 2017, 5:30 p.m. until 8:00 p.m.</span></span></li>
<li><span style="font-family: inherit; text-indent: -0.25in;">Trick or Treat Under the Sea - </span><span style="background-color: white; text-indent: 0px;"><span style="font-family: inherit;">The North Carolina Aquarium at Fort Fisher in Kure Beach, Oct 26-28, 4:30-8:30 pm</span></span></li>
<li>Annual Trick or Treat in the Park - Oct 27, 5 to 8 p.m., in Hampstead Kiwanis Park</li>
<li>Trunk or Treat events at various churches and neighborhood sites</li>
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<span style="text-indent: -0.25in;">No kids?</span></h4>
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<li><span style="text-indent: -0.25in;">Slow down and drive carefully, and keep an eye
out for children crossing the street</span></li>
<li><span style="text-indent: -0.25in;">Properly restrain your pets</span></li>
<li><span style="text-indent: -0.25in;">If you are handing out treats, clear your yard
of any items visitors may trip on</span></li>
<li><span style="text-indent: -0.25in;">Keep your home and walk-ways well lit</span></li>
<li><span style="text-indent: -0.25in;">Replace jack-o-lantern candles with flameless
candles or glow sticks</span></li>
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Have a safe – and <span style="background-color: white;"><span style="color: #b45f06;">Spooky</span> </span>– Halloween!</h3>
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<br />Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-14806756035665789732018-10-03T10:20:00.000-07:002018-10-10T11:00:30.989-07:00The After-Florence Real Estate Market - What to Expect?<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjx7IVQfIl0BBLLAhPMuznrPE8iMy9Da3BC7PJwKSxUuAUZhp5YvC2OCj4SfiUqmLW0j-jc5gpzYp5AtexeprMIH0SFDaXCfPtjwmVl324a77EUpVRsyzvgQRllrEGJd257tFaSvAEfnIWn/s1600/dreamstime_s_126073313.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="400" data-original-width="800" height="160" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjx7IVQfIl0BBLLAhPMuznrPE8iMy9Da3BC7PJwKSxUuAUZhp5YvC2OCj4SfiUqmLW0j-jc5gpzYp5AtexeprMIH0SFDaXCfPtjwmVl324a77EUpVRsyzvgQRllrEGJd257tFaSvAEfnIWn/s320/dreamstime_s_126073313.jpg" width="320" /></a></div>
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<h4>
In the aftermath of Hurricane Florence, what is the outlook for Wilmington real estate? You might be surprised.</h4>
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The heart-wrenching impact of Hurricane Florence on our community and on those who have lost so much will be felt for a long time. But I've been awed watching neighbor helping neighbor, the dedication of first-responders, the generosity of volunteers, and so many actions that show the best of the human spirit. Our community is resilient.<br />
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I believe there are good reasons the real estate market in Southeastern North Carolina will likewise show great resilience and come back stronger than ever. Although we've been hard-hit, local real estate industry leaders are optimistic a turn-around will be quick. Here are some of the reasons why they think this.<br />
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<h4>
History tells us the slowdown will be short-lived</h4>
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Hurricane Harvey in Houston and Hurricane Irma in Florida in 2017 demonstrated that while real estate markets are initially hard hit by a significant hurricane, the slowdown is typically short-lived.</div>
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-- For the 5 days before Harvey and the 5 days after, homes sales (NOT PRICES) dropped by almost 96 percent.</div>
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-- The week after the storm, agents were touring homes and writing offers and calls from investors quadrupled. (We are already seeing that here.)</div>
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-- The number of homes sold returned to pre-storm levels <i>within 3 weeks</i>, with homes prices holding steady.</div>
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Impact on property values</h4>
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-- With inventory already tight, undamaged properties will be in high demand and may shoot up in value. </div>
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-- A <a href="https://www.forbes.com/sites/jordanlulich/2018/06/25/does-hurricane-damage-negatively-impact-your-real-estate-value/#17ba55ce107b">June 25 2018 Forbes article</a> reports that hurricane damage actually causes housing prices to go up. A 2010 Federal Reserve Bank study reported that the "typical hurricane strike raises house prices for a number of years, with a maximum effect of between 3 to 4% three years after occurrences."</div>
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-- In Texas, two months after Hurricane Harvey, <a href="https://www.bizjournals.com/houston/news/2017/11/04/see-where-home-prices-have-increased-and-decreased.html">the Houston BizJournal</a> reported that 31 neighborhoods saw an increase in median home prices.</div>
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-- Rents will likely rise as displaced homeowners seek housing while their homes are being repaired. (Unfortunately, in the short term there is a severe shortage of rental options for displaced homeowners, as described in <a href="https://www.wsj.com/articles/hurricane-florence-creating-housing-shortage-for-displaced-north-carolinians-1537263001?mod=searchresults&page=1&pos=1">a recent Wall Street Journal article.</a>)</div>
<h4>
Opportunities in the crisis</h4>
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As terrible as Hurricane Florence has been to our community, it will also create opportunities for the local real estate market.</div>
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-- Buyers with badly damaged homes are eager to get into a new home and may pay a premium to do so.</div>
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-- Unflooded homes will be in high demand and may sell at prices higher than pre-Florence.</div>
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-- Investors see damaged homes as opportunities to repair or rebuild and then resell at a profit.</div>
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-- Some damaged homes may be rebuilt higher and larger and may net a higher price than pre-Florence.</div>
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Continuing demand</h4>
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Several long-term trends will continue to boost housing demand for Southeastern NC.</div>
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-- growing economy</div>
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-- strong labor market and low unemployment</div>
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-- millennials coming of age to enter the housing market</div>
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-- baby boomers living longer and more independently than previous generations</div>
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Demand will grow for hurricane resistant construction</h4>
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Florence may discourage some from moving into hurricane-prone areas, but this is typically more than offset by a larger focus on new construction and more homes equipped to handle hurricane-force winds and flooding (by building up).</div>
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More buyers will be looking for hurricane-resistant features in a post-hurricane market, which means these features will add more value to the home.<br />
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The bottom line</h4>
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There's good news ahead for sellers, investors, and buyers looking for more hurricane resistant homes that will build equity. Finding rentals and affordable housing as prices rise will continue to be a struggle.</div>
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Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0tag:blogger.com,1999:blog-6512085217184239355.post-81891708747405776552018-09-24T14:44:00.001-07:002018-09-24T14:44:36.890-07:00More Info: Surviving the Financial Storm after Florence<div class="separator" style="clear: both; text-align: center;">
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<h3>
CPA Adam Shay provided the following excellent advice to help individuals and businesses survive the financial storm after Florence. </h3>
<a href="https://www.wilmingtontaxesandaccounting.com/surviving-the-financial-storm-post-florence/">CPA Adam Shay's website with additional info</a><br />
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The last week has been a whirlwind of physical and emotional challenges. Our Wilmington community is strong and we will come through this together. One of the less discussed aspects of the Florence so far is the post-storm financial impact on individuals and business owners. The storm’s impact to the local economy could prevent businesses and individuals from receiving regular income for a while. I have taken some time to compile a list of resources and suggestions that may be relevant to helping people weather the economic storm.</div>
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<span style="box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px;"><u style="box-sizing: border-box;">Business Loans</u></span></div>
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There are several disaster loan options available through the Small Business Administration (SBA) and other programs. Some options are:</div>
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<li style="box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px;"><a href="https://disasterloan.sba.gov/ela/Information/TypesOfLoans" rel="noopener" style="background-color: transparent; border-bottom: 1px solid rgb(51, 51, 51); box-sizing: border-box; color: #337ab7; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none;" target="_blank">The Small Business Administration (SBA</a>) has many options for physical and economic disaster situations.</li>
<li style="box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px;"><a href="https://www.threadcap.org/florence/" rel="noopener" style="background-color: transparent; border-bottom: 1px solid rgb(51, 51, 51); box-sizing: border-box; color: #337ab7; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none;" target="_blank">Thread Capital</a> has a 180 day interest-free Hurricane Florence Rapid Recovery Loan.</li>
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The Small Business Technology Development Center has a lot of relevant storm recovery loan related information on their <a href="http://www.sbtdc.org/hurricaneflorence/" rel="noopener" style="background-color: transparent; border-bottom: 1px solid rgb(51, 51, 51); box-sizing: border-box; color: #337ab7; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none;" target="_blank">website</a>.</div>
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<span style="box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px;"><u style="box-sizing: border-box;">Insurance Claims</u></span></div>
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If your business was damaged, you may want to check if you have business interruption service (or something equivalent). Whether it’s business or individual property damage, you will want to take time to assess your damage and report claims in a timely manner. Realize that when it comes to claims, insurance companies want to pay out the minimum. Stand up for yourself. You may need some forensic accounting to demonstrate economic impact of the storm and aftermath. You may also need to get an attorney involved, depending upon what is at stake with your claim.</div>
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<span style="box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px;"><u style="box-sizing: border-box;">Mortgage Relief</u></span></div>
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If your loan is owned by Fannie Mae or Freddie Mac you may be eligible to stop making payments for three to twelve months. You can click these links to determine if your loan is owned by <a href="https://www.knowyouroptions.com/loanlookup" rel="noopener" style="background-color: transparent; border-bottom: 1px solid rgb(51, 51, 51); box-sizing: border-box; color: #337ab7; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none;" target="_blank">Fannie Mae</a> or <a href="https://ww3.freddiemac.com/loanlookup/" rel="noopener" style="background-color: transparent; border-bottom: 1px solid rgb(51, 51, 51); box-sizing: border-box; color: #337ab7; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none;" target="_blank">Freddie Mac</a>. If you do not have a mortgage owned by one of these entities, you may still be able to get some sort of deferment or relief from your lender. Regardless of who owns your loan, call them and ask what they have available and if appropriate proceed to sign up for the appropriate program.</div>
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<span style="box-sizing: border-box; display: inline-block; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: underline;"><span style="box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px;">Repairs</span></span></div>
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Be careful of scammers during Hurricane cleanup. Make sure you are working with licensed, insured contractors. Don’t pay up front and pay with a credit card if possible. Try to use local providers when you can.</div>
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<a href="https://ncdoj.gov/Consumer/Disasters-(1)/Price-Gouging.aspx" rel="noopener" style="background-color: transparent; border-bottom: 1px solid rgb(51, 51, 51); box-sizing: border-box; color: #337ab7; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none;" target="_blank">Price gouging</a> is illegal in North Carolina.</div>
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<span style="box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px;"><u style="box-sizing: border-box;">Taxes</u></span></div>
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For those located in the federal declared disaster zone (as of this writing Beaufort, Bladen, Brunswick, Carteret, Columbus, Craven, Cumberland, Duplin, Harnett, Lenoir, Jones, New Hanover, Onslow, Pamlico, Pender, Robeson, Sampson, and Wayne counties), the IRS has extended the following items until January 31st, 2019:</div>
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<li style="box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px;">S Corporation, C Corporation, Partnership, and Individual Income tax returns that were previously extended.</li>
<li style="box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px;">Quarterly estimated income tax payments due September 17<span style="bottom: 1ex; box-sizing: border-box; font-size: 10.5px; height: 0px; line-height: 0; margin: 0px; outline: 0px; padding: 0px; position: relative; top: -0.5em; vertical-align: baseline;">th</span>, 2018.</li>
<li style="box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px;">Quarterly payroll tax or excise tax returns due October 31<span style="bottom: 1ex; box-sizing: border-box; font-size: 10.5px; height: 0px; line-height: 0; margin: 0px; outline: 0px; padding: 0px; position: relative; top: -0.5em; vertical-align: baseline;">st</span>, 2018.</li>
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Penalties on late payroll taxes due between September 7, 2018 and September 24, 2018 will not be penalized as long as deposits are made by September 24, 2018. North Carolina is making the same waivers except that they are still assessing interest on later quarterly estimated income tax payments. Since we are in a federally declared disaster area, you may be able to claim damage or loss of property not covered by insurance on your income tax returns.</div>
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<span style="box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px;">Unemployment (Even for Business Owners)</span></div>
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Disaster Unemployment Assistance (DUA) is available from the NC Division of Employment Security (NC ESC) for people in the following counties (as of the time of this writing): Beaufort, Brunswick, Carteret, Craven, New Hanover, Onslow, Pamlico and Pender. You may be eligible for DUA if:</div>
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<li style="box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px;">You are unemployed due to disaster.</li>
<li style="box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px;">Self-employed and lost income due to the disaster.</li>
<li style="box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px;">Injured due to disaster and unable to work.</li>
<li style="box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px;">You became a major income provider due to death from disaster.</li>
<li style="box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px;">You can’t reach their job or self-employed business due to travel affected by disaster.</li>
<li style="box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px;">You could not start employment during the disaster.</li>
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Frequently asked questions on DUA can be found <a href="https://des.nc.gov/DES/Static?page=faqMain#DUA" rel="noopener" style="background-color: transparent; border-bottom: 1px solid rgb(51, 51, 51); box-sizing: border-box; color: #337ab7; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none;" target="_blank">here</a>. Note that from a timing perspective the NC ESC system will be down from 5PM September 24<span style="bottom: 1ex; box-sizing: border-box; font-size: 11.25px; height: 0px; line-height: 0; margin: 0px; outline: 0px; padding: 0px; position: relative; top: -0.5em; vertical-align: baseline;">th</span> through 8 AM Friday September 28<span style="bottom: 1ex; box-sizing: border-box; font-size: 11.25px; height: 0px; line-height: 0; margin: 0px; outline: 0px; padding: 0px; position: relative; top: -0.5em; vertical-align: baseline;">th,</span> so try to submit an initial claim starting then.</div>
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<em style="box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px;">Adam Shay, CPA (N.C. License Number 35961), MBA, is managing partner of Adam Shay CPA, PLLC. During the next couple of months we are offering free business roundtables for business owners to discuss things they are and could be doing to survive the economic impacts of Florence. Anyone interested in learning more should email <a href="mailto:roundtables@adamshaycpa.com" style="background-color: transparent; border-bottom: 1px solid rgb(51, 51, 51); box-sizing: border-box; color: #337ab7; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none;">roundtables@adamshaycpa.com</a>.</em></div>
Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com1tag:blogger.com,1999:blog-6512085217184239355.post-35630319816279893762018-09-20T21:12:00.001-07:002018-09-24T13:41:45.084-07:00Assistance After Florence; Important Info!<br />
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<b style="mso-bidi-font-weight: normal;"><span style="background: white; color: #1d2129;">FEDERAL,
STATE AND LOCAL ASSISTANCE AVAILABLE TO HOMEOWNERS WHO HAVE SUFFERED
ANY LOSSES FROM HURRICANE FLORENCE<o:p></o:p></span></b></div>
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<i style="mso-bidi-font-style: normal;"><span style="background: white; color: #1d2129;">Hurricane
Florence is a once-in-a-lifetime storm that has left many facing significant challenges as we begin the recovery
process. Please rest assured you are not alone. One of the ways we can
help is to make you aware of the wide variety of resources available to you
and your family to help you get through this difficult time. If you have been
impacted in any way, PLEASE don’t hesitate to ask for help and take advantage
of this assistance – your taxes make these programs available and they are
meant to assist in times of crisis. <o:p></o:p></span></i></div>
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<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 11.0pt;">FEMA<o:p></o:p></span></b></div>
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<!--[if !supportLists]--><span style="color: black; font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="background: white; color: #1d2129; font-size: 11.0pt;">File
with FEMA and get your FEMA number ASAP! You will need it for everything. </span><span style="color: black; font-size: 11.0pt;">Assistance can include grants for temporary housing and home
repairs, low-cost loans to cover uninsured property losses, and other programs
to help individuals and business owners.<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">You can apply for assistance by
registering online at <span class="MsoHyperlink"><span style="color: #428bca;"><a href="http://www.disasterassistance.gov/" target="_self"><span style="color: #428bca;">www.DisasterAssistance.gov</span></a></span></span> or
by calling 1-800-621-FEMA(3362) or 1-800-462-7585 (TTY) from 7 a.m. to 10 p.m.
seven days a week. <o:p></o:p></span></div>
<div class="MsoNoSpacing" style="margin-left: .5in; mso-list: l4 level1 lfo1; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">You will<span style="mso-spacerun: yes;"> </span>need to provide the following:<o:p></o:p></span></div>
<div class="MsoNoSpacing" style="margin-left: .75in; mso-list: l4 level2 lfo1; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "courier new"; font-size: 11.0pt;"><span style="mso-list: Ignore;">o<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Social Security number, or the social
security number of a child living at the house.<o:p></o:p></span></div>
<div class="MsoNoSpacing" style="margin-left: .75in; mso-list: l4 level2 lfo1; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "courier new"; font-size: 11.0pt;"><span style="mso-list: Ignore;">o<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Annual household income.<o:p></o:p></span></div>
<div class="MsoNoSpacing" style="margin-left: .75in; mso-list: l4 level2 lfo1; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "courier new"; font-size: 11.0pt;"><span style="mso-list: Ignore;">o<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Contact information, insurance
information and bank account information (FEMA needs<span style="mso-spacerun: yes;"> </span>bank account information so agency can
directly deposit $$ into your account.)<o:p></o:p></span></div>
<div class="MsoNoSpacing" style="margin-left: .5in; mso-list: l4 level1 lfo1; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Additional info:<o:p></o:p></span></div>
<div class="MsoNoSpacing" style="margin-left: .75in; mso-list: l4 level2 lfo1; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "courier new"; font-size: 11.0pt;"><span style="mso-list: Ignore;">o<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Anyone who is denied will be notified
and given a chance to appeal. <o:p></o:p></span></div>
<div class="MsoNoSpacing" style="margin-left: .75in; mso-list: l4 level2 lfo1; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "courier new"; font-size: 11.0pt;"><span style="mso-list: Ignore;">o<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><b>FEMA aid only is available for your
primary residence</b> — not vacation homes. <o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: "courier new"; font-size: 11.0pt;"><span style="mso-list: Ignore;">o<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">FEMA will not duplicate the assistance
you receive from your insurance company, but you may receive assistance for
items not covered by insurance.<o:p></o:p></span></div>
<div class="MsoNoSpacing" style="margin-left: .75in; mso-list: l4 level2 lfo1; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "courier new"; font-size: 11.0pt;"><span style="mso-list: Ignore;">o<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">Homeowners
and renters can also apply for low-interest home repair loans from the Small
Business Administration at <span style="color: #428bca;"><a href="https://disasterloan.sba.gov/ela/Information/Index" target="_self"><span style="color: #428bca; text-decoration: none;">https://disasterloan.sba.gov</span></a></span>. Owner of rental properties can also apply for repair loans through the SBA.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">DISASTER UNEMPLOYMENT ASSISTANCE<o:p></o:p></span></b></div>
<div class="MsoListParagraphCxSpFirst" style="margin-left: .25in; mso-add-space: auto; mso-list: l2 level2 lfo2; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="background: white; color: #1d2129; font-size: 11.0pt;">File
for <b style="mso-bidi-font-weight: normal;">Disaster Unemployment Assistance
(DUA)</b>. If you can't live in your house or go to work because your office is
closed or flooded, this applies to you. </span><span style="background: white; color: #333333; font-size: 11.0pt;">The DUA program
provides unemployment benefits to individuals who are unemployed as a direct
result of a Presidentially declared major disaster. The state has declared that
residents in Onslow, New Hanover, Brunswick and Pender counties are approved
for DUA. You must file an application for benefits by October 17, 2018. </span><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="background: white; mso-add-space: auto; mso-list: l2 level2 lfo2; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: #333333; font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #333333; font-size: 11.0pt;">DUA is funded entirely by the federal government. Individuals
need to file first for regular unemployment insurance. If an individual is
determined ineligible for regular unemployment insurance, or has exhausted
their regular unemployment insurance benefits, a DUA claim can then be filed.
Individuals will need their Social Security number, copies of their most recent
federal income tax forms or check stubs, or documentation to support they were
working or self-employed when the disaster occurred. To receive DUA benefits,
all required documentation must be submitted within 21 days from the day the
DUA application is filed.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="background: white; mso-add-space: auto; mso-list: l2 level2 lfo2; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: #333333; font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #333333; font-size: 11.0pt;">DUA is available beginning September 9, 2018, and may last for
up to 26 weeks, as long as the claimant’s unemployment continues to be as a
result of Hurricane Florence.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="background: white; mso-add-space: auto; mso-list: l2 level2 lfo2; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: #333333; font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #333333; font-size: 11.0pt;">Individuals may contact DES by calling 1-866-795-8877 from 8AM
to 5PM to apply for DUA benefits. If you have questions, you may email DES at
des.dua@nccommerce.com or go to our website at des.nc.gov. For an updated list
of counties that have been approved, please visit the News and Highlights
section at des.nc.gov<o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></b>
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">SBA
DISASTER LOANS<o:p></o:p></span></b></div>
<div class="MsoListParagraphCxSpFirst" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level2 lfo4; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: #1d2129; font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="background: white; color: black; font-size: 11.0pt;">SBA
provides <b style="mso-bidi-font-weight: normal;">low-interest disaster loans</b>
to businesses of all sizes, homeowners, and renters. SBA disaster loans can be
used to repair or replace the following items damaged or destroyed in a
declared disaster: real estate, personal property, machinery and equipment, and
inventory and business assets.</span><span style="background: white; color: #1d2129; font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level2 lfo4; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><u><span style="background: white; color: #0a3072; font-size: 11.0pt;"><a href="https://disasterloan.sba.gov/ela/LoanApplication/StartApplication"><span style="color: #0a3072;">You can apply online</span></a></span></u><span style="background: white; color: black; font-size: 11.0pt;"> for
all types of SBA disaster assistance loans. The online application is the
fastest method to receive a decision about your loan eligibility. You have the
option of submitting a paper application </span><u><span style="background: white; color: #0a3072; font-size: 11.0pt;"><a href="https://disasterloan.sba.gov/ela/Information/PaperForms"><span style="color: #0a3072;">by mail</span></a></span></u><span style="background: white; color: black; font-size: 11.0pt;">. For either
application, you must submit the completed loan application and a signed and
dated </span><u><span style="background: white; color: #0a3072; font-size: 11.0pt;"><a href="https://disasterloan.sba.gov/ela/Documents/Request%20for%20Transcript%20of%20Tax%20Return%20(IRS%20Form%204506T).aspx" target="_blank"><span style="color: #0a3072;">IRS Form 4506-T</span></a></span></u><span style="background: white; color: black; font-size: 11.0pt;"> giving
permission for the IRS to provide SBA your tax return information. You
may also apply in person at any Disaster Recovery Center and receive personal,
one-on-one help from an SBA representative. For information or to find a
location near you, please contact our Customer Service Center. Call
1-800-659-2955 (TTY: 1-800-877-8339) or e-mail </span><u><span style="background: white; color: #0a3072; font-size: 11.0pt;"><a href="mailto:disastercustomerservice@sba.gov"><span style="color: #0a3072;">disastercustomerservice@sba.gov</span></a></span></u><span style="background: white; color: black; font-size: 11.0pt;">. </span><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNoSpacing">
<b style="mso-bidi-font-weight: normal;"><span style="background: white; font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">DISASTER FOOD ASSISTANCE<o:p></o:p></span></b></div>
<div class="MsoNoSpacing" style="margin-left: .25in; mso-list: l6 level3 lfo7; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: #222222; font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="background: white; font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">File for
DSNAP-Disaster food stamps. ANYONE in the affected areas can get them; they are
not just for economically disadvantaged people. Do not be too proud to use this
very important resource -- you can use the money you save on food to replace
clothes and other necessities. <span style="color: #222222;">The Disaster Supplemental
<span style="mso-bidi-font-weight: bold;">Nutrition</span> Assistance Program
offers short-term food assistance benefits to families recovering from a
disaster. D-SNAP is designed to help when people return to their homes and have
access to electricity and grocery stores. <span style="mso-bidi-font-weight: bold;">To get emergency SNAP benefits</span>, go to your local DSS office. You
will fill out the <span style="mso-bidi-font-weight: bold;">food stamps
application</span> (attached) and meet with a caseworker. <i style="mso-bidi-font-style: normal;">If you are getting <span style="mso-bidi-font-weight: bold;">emergency SNAP benefits</span>, DTA must give
you <span style="mso-bidi-font-weight: bold;">SNAP benefits</span> no later
than seven days after they receive your <span style="mso-bidi-font-weight: bold;">application</span></i>.<o:p></o:p></span></span></div>
<div class="MsoListParagraphCxSpFirst" style="mso-list: l4 level3 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: #222222; font-family: "wingdings"; font-size: 11.0pt;"><span style="mso-list: Ignore;">§<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="background: white; color: #222222; font-size: 11.0pt;">Wilmington
– 1650 Greenfield Street, Wilmington 28401<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l4 level3 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: #222222; font-family: "wingdings"; font-size: 11.0pt;"><span style="mso-list: Ignore;">§<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="background: white; color: #222222; font-size: 11.0pt;">Brunswick
County – 60 Government Center Dr. NE, Bolivia 28422<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="mso-list: l4 level3 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "wingdings"; font-size: 11.0pt;"><span style="mso-list: Ignore;">§<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">Pender County – 810 S Walker Street,
Burgaw, NC 28425<o:p></o:p></span></div>
<div class="MsoNoSpacing" style="margin-left: .5in; mso-list: l4 level3 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "wingdings"; font-size: 11.0pt;"><span style="mso-list: Ignore;"> <span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Onslow
County – 612 College Street, Jacksonville, NC 28541<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNoSpacing">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">STATE
AID TO REBUILD OR REPAIR YOUR HOME<o:p></o:p></span></b></div>
<div class="MsoNoSpacing" style="margin-left: .25in; mso-list: l1 level1 lfo5; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The state of North Carolina can help
with rebuilding or repairing your home. More information is available at <span style="color: #428bca;"><a href="https://www.rebuild.nc.gov/" target="_self"><span style="color: #428bca; text-decoration: none;">rebuild.nc.gov</span></a></span>.
To apply, go to <span style="color: #428bca;"><a href="https://www.rebuild.nc.gov/apply" target="_self"><span style="color: #428bca; text-decoration: none;">www.rebuild.nc.gov/apply</span></a></span>.
You will be required to provide the following:<o:p></o:p></span></div>
<div class="MsoNoSpacing" style="margin-left: .5in; mso-list: l1 level1 lfo5; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">A photo ID and proof of citizenship or
legal residency (U.S. passport or green card).<o:p></o:p></span></div>
<div class="MsoNoSpacing" style="margin-left: .5in; mso-list: l1 level1 lfo5; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Proof that you lived in the damaged
home (like a utility bill from the same month the storm hit).<o:p></o:p></span></div>
<div class="MsoNoSpacing" style="margin-left: .5in; mso-list: l1 level1 lfo5; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Copies of tax returns or pay stubs for
all the adults who live in the home.<o:p></o:p></span></div>
<div class="MsoNoSpacing" style="margin-left: .5in; mso-list: l1 level1 lfo5; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Copies of any payments from insurance
companies or other government agencies for damage to the home.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNoSpacing">
<b><span style="color: black; font-size: 11.0pt;">FILING HOME INSURANCE
CLAIMS<o:p></o:p></span></b></div>
<div class="MsoNoSpacing" style="margin-left: .25in; mso-list: l3 level1 lfo3; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">When the storm passes, insurance
agents will be out in force to assist homeowners with filing their property
insurance claims.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNoSpacing" style="margin-left: .25in; mso-list: l3 level1 lfo3; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The N.C. Department of Insurance will
also assist in processing claims and plans to set up Consumer Assistance
Centers in shopping centers and other public places. The locations will be
listed at www.ncdoi.com.<o:p></o:p></span></div>
<div class="MsoListParagraph" style="margin-left: .25in; mso-add-space: auto; mso-list: l4 level1 lfo1; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: #1d2129; font-family: "symbol"; font-size: 11.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="background: white; color: #1d2129; font-size: 11.0pt;">File a
claim with BOTH your homeowner's and flood insurance. Even though it's a flood,
homeowners will cover some wind damage and most of them will give you money for
"loss of use" if you can't live in your house.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNoSpacing">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">AMERICAN
RED CROSS<o:p></o:p></span></b></div>
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</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">American Red Cross of the Cape Fear
Region - More than 1,500 Red Cross disaster workers have been deployed to
assist with Hurricane Florence relief efforts. Call 910-762-2683 to
request assistance.<o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">SALVATION ARMY<o:p></o:p></span></b></div>
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</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The Salvation Army’s national network
of disaster staff and volunteers have been activated since Monday, September
10, to mobilize for storm preparation and response. Trained emergency disaster
personnel are prepared to provide food, hydration, and emotional and spiritual
support to survivors and first responders. 910-762-2070.<o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">DELAY
BILL DUE DATES<o:p></o:p></span></b></div>
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</span></span></span><!--[endif]--><span style="background: white; color: #1d2129; font-size: 11.0pt;">Call
all of your bill collectors and notify them that you are in the affected area
and/or that your house flooded. Most will delay your bill due dates for a month
or two. This includes your mortgage company, cable, electricity, water, credit
card companies, phone etc.</span><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">BE
WARY OF SCAM ARTISTS<o:p></o:p></span></b></div>
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</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Be wary of sales reps who go
door-to-door to solicit business.<o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Be sure the contractor you employ is
insured and licensed; ask for proof of insurance.<o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Get all estimates in writing,
including schedules and materials.<o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Don’t sign blank contracts and don’t
pay a contractor in full until the work is completed.<o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">ASK
FOR HELP<o:p></o:p></span></b></div>
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</span></span></span><!--[endif]--><span style="background: white; color: #1d2129; font-size: 11.0pt;">Most
importantly, allow people to help you! They want to and you need the help! </span><span style="font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></div>
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<br />Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com1tag:blogger.com,1999:blog-6512085217184239355.post-78744158696408475902018-09-04T11:03:00.000-07:002018-09-04T11:03:54.955-07:00Real estate thoughts for Grandparents Day<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqn_BPxzmTsa1421DKFohrBvD6PtzzpyjthN5bLZfPXf6ISBhVGLXpLiHAXjXAybzT4mCgnmMWyFHBy5TvJlxTln_qEqRiLROs4j6H90fWutsucM_WS3R7SDpdS8dVHVWQsTH41I5H4VQA/s1600/dreamstime_s_55897363.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="533" data-original-width="800" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqn_BPxzmTsa1421DKFohrBvD6PtzzpyjthN5bLZfPXf6ISBhVGLXpLiHAXjXAybzT4mCgnmMWyFHBy5TvJlxTln_qEqRiLROs4j6H90fWutsucM_WS3R7SDpdS8dVHVWQsTH41I5H4VQA/s320/dreamstime_s_55897363.jpg" width="320" /></a></div>
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September 9 is National Grandparent’s Day. You’d pretty much figure that boils down to just honoring and spending time with your grandparents…<i style="box-sizing: border-box; margin: 0px; padding: 0px;">maybe</i> get them a gift, or take them out for dinner.</div>
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But, if you check out <a href="https://grandparentsweek.files.wordpress.com/2016/06/16-grandparents-day-take-action-guide.pdf" rel="noopener" style="background-color: transparent; box-sizing: border-box; color: #43a1f9; margin: 0px; padding: 0px;" target="_blank">this Grandparent’s Day “action guide”</a>, they’ve got loftier suggestions…</div>
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<span style="box-sizing: border-box; font-weight: 700; margin: 0px; padding: 0px;">One of them is for grandparents to discuss financial stability with their grandchildren.</span></div>
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Doesn’t sound like a lot of fun, but it’s not a bad suggestion at all. As a real estate agent, it brings this to mind…</div>
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<span style="box-sizing: border-box; font-weight: 700; margin: 0px; padding: 0px;">Discussing what grandparents want (or even need) to do with their home as they get older.</span></div>
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It’s a touchy subject. Lots of memories and emotions are tied to their home, in so many different ways. It’s just an awkward subject for many families to get into, depending on the family dynamics.</div>
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But, it’s a topic worth touching upon. There are so many questions…</div>
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<li style="box-sizing: border-box; margin: 0px 0px 10px; padding: 0px;">How long do they want to live at home?</li>
<li style="box-sizing: border-box; margin: 0px 0px 10px; padding: 0px;">What happens if they need assisted living, pass away, or can’t afford to stay?</li>
<li style="box-sizing: border-box; margin: 0px; padding: 0px;">Are they planning on selling their house? If not, what family member “gets” the house?</li>
</ul>
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These are just a few of the touchy topics I see and hear people struggle with…often once it’s too late to discuss. Unfortunately, not discussing it can lead to poor decisions that hurt the grandparents, and even entire family, financially. And sometimes, real estate related issues become quite a fight within families as grandparents get older.</div>
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Obviously I hate seeing that happen.</div>
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So, as awkward or tough as it might be, try and have that chat at some point.</div>
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But, maybe not today.</div>
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For today, just enjoy each other’s company…</div>
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<b>.... </b>And, if you do find yourself having a chat along these lines, and need any real estate related thoughts from me, please just ask. I’m glad to help.</div>
Mary Lynn Blake, Realtorhttp://www.blogger.com/profile/02848342221336135213noreply@blogger.com0