Craig Russell - Real Estate Agent

06/10/2021

Considering an investment property, or a second home? This article provides insight into some ways to make it less impactful in the long-term. Those who have equity in their primary residence have the most choices to pick from as it gives them flexibility to make another purchase. There certainly is a lot to consider, but for those with the means to make such a purchase you can possibly end up having many of your expenses paid for if willing to rent during specific times of the year.

Buying a second home—whether for an investment or as a vacation getaway—can be a wise financial move if you plan to use it several times a year and rent it out for additional income the rest of the time. But if you need a second mortgage in order to buy it, be prepared for tougher underwriting r...

24/09/2021

Existing home sales saw a slight decrease last month for the first time in awhile. Could this be when the market starts to plateau and more inventory comes on in your market? There is a lot of useful information in the article, but it shouldn't deter anyone from finding the home that fits their lifestyle now!

It's certainly still competitive out there. To ensure you're ready when the time comes, have a pre-approval letter from a trusted lender, a list of homes to focus on, and be ready to submit an offer shortly after viewing the home you're most interested in to give yourself the best chance. Many homes are staying on the market less than a month, but that doesn't mean they can't be yours!

In August 2021, each of the four major U.S. regions experienced declines on both a month-over-month and a year-over-year perspective, breaking a two-month streak of increases.

26/09/2020

I’ve been reading a little about buyer fatigue recently. There’s no question the real estate market currently favors the seller’s side. If you’ve been a buyer, and have been unlucky in having your offer submitted, what was your strategy? Did you lose out on too many homes and called it quits? Did you try to find another property, knowing the market is more competitive than ever, and finally land the home that checked all your boxes?

Home buying can be frustrating at times, so make sure you have a strategy when you need to be aggressive, as well as times when patience will better serve you.

Also, just because it’s currently an aggressive market doesn’t mean you have to settle for “what’s left”. Have a list of “non-negotiable” property characteristics and stick to them. You’ll find the right home!

10/09/2020

This provides some useful information on current mortgage rates, and some tips on rate locks when considering the terms of your mortgage. If you're interested in selling, I'd be happy to provide a competitive market analysis. If you're interested in buying, although it's a competitive market, contact me to make sure you have all the information needed to put in an offer on your dream home!

Refinance rates were mixed, but one key rate climbed higher. If you’re shopping for a refi, see how your finances could be affected.