Amanda Korum, Realtor Venterra Real Estate

09/24/2024

Mortgage Rates Drop to Lowest Level in over a Year and a Half

Mortgage rates have hit their lowest point in over a year and a half. And that’s big news if you’ve been sitting on the homebuying sidelines waiting for this moment.

Even a small decline in rates could help you get a better monthly payment than you would expect on your next home. And the drop that’s happened recently isn’t small. As Sam Khater, Chief Economist at Freddie Mac, says:

“Mortgage rates have fallen more than half a percent . . . and are at their lowest level since February 2023.”

But if you want to see it to really believe it, here’s how the math shakes out. Going from 7.5% just a few months ago to the low 6s has a big impact on your bottom line. In just a few months’ time, the anticipated monthly payment on a $400K loan has come down by over $370. That’s hundreds of dollars less per month.

With the recent drop in mortgage rates, the...

Mortgage rates have hit their lowest point in over a year and a half.

09/23/2024

You want your house to sell quickly and for top dollar. But pricing it too high can seriously jeopardize those goals.

So, once your house is listed, watch out for these 4 signs that it's overpriced.

And if any of these are happening to you, be sure to lean on your agent to course correct.

09/22/2024

Lower Mortgage Rates Boost Your Buying Power

Mortgage rates are trending down and that’s great news for your bottom line. As rates drop, your monthly payment on your next home does too. Even a small change in mortgage rates can have a big impact on your purchasing power. If you put your search on hold when mortgage rates were higher, think about how much you could save now that rates are coming down.

Mortgage rates are trending down and that’s great news for your bottom line.

09/21/2024

Have you heard the good news? Mortgage rates are trending down.

And, if you’re looking to buy a home, that helps your bottom line. As rates drop, your monthly payment on your next home does too.

The change we’ve already seen could save you hundreds of dollars a month.

09/20/2024

Lower Mortgage Rates Boost Your Buying Power

As rates drop, your monthly payment on your next home will too. Let’s connect to talk about how today’s rates boost your purchasing power.

09/18/2024

Trying to get your house ready to list? Here are a few general tips on where you’ll want to spend some time and effort.

Prioritize things that will make it inviting, show it’s cared for, and boost your curb appeal. But this is just a starting point.

If you want more specific advice to help your house stand out in our local market, DM me.

09/17/2024

Mortgage rates have hit their lowest level since February 2023 – and that’s big news.

So if you’ve been sitting on the homebuying sidelines waiting for this to happen, it’s time to talk about making your move. Because the monthly savings is going to be a game changer for your purchasing power.

DM me and I’ll show you how the recent decline may help you get a better monthly payment than you’d expect.

09/16/2024

The Best Time To Buy a Home This Year

A shift is underway in the housing market this season. And if you’ve been sitting on the sidelines waiting for the right moment to jump back into your homebuying search, this is a great time to do it. That’s because the best week to buy a home this year is just around the corner. Your sweet spot is here.

The experts at Realtor.com study seasonal trends to figure out the ideal week for homebuyers: “Nationally, the best time to buy in 2024 is the week of Sept. 29–Oct. 5. This week historically has shown the best balance of market conditions that favor buyers. Inventory tends to be high, prices are below peak levels, demand is waning, and the pace of the market slows to a more manageable speed.”

In addition to the historical trends and typical seasonality that Realtor.com looks at, there are also clear indicators in today’s market data that you’ll see better conditions right now than...

A shift is underway in the housing market this season.

09/15/2024

What To Know About Closing Costs

Now that you’ve decided to buy a home and are ready to make it happen, it’s a good idea to plan ahead for the costs that are a typical part of the homebuying process. And while your down payment is probably the number one expense on your mind, don't forget about closing costs. Here’s what you need to know.

What Are Closing Costs?

Simply put, your closing costs are the additional fees and payments you have to make at closing. Some of these are one-time expenses that are baked into your closing costs. Others, like homeowners’ insurance, are initial installment payments for ongoing responsibilities you’ll have once you take possession of the home.

How Much Are Closing Costs?

Freddie Mac says: “Closing costs vary greatly depending on your location and the price of your home. Typically, you should be prepared to pay between 2% and 5% of the home purchase price in closing fees.”

Tips To...

Now that you’ve decided to buy a home and are ready to make it happen, it’s a good idea to plan ahead for the costs that are a typical part of the homebuying process.

09/14/2024

Checklist for Getting Your House Ready To Sell

Getting your house ready to sell? Here’s a few tips on what you may want to do to prepare. Focus on making it inviting, showing it’s cared for, and boosting your curb appeal. If you want specific advice to help your house stand out in our local market, let’s connect.

Getting your house ready to sell? Here are a few tips on what you may want to do to prepare.

09/13/2024

How To Get Your House Ready To Sell

Thinking about making a move? Here are a few general tips on how to get your house ready. You want to focus on things that’ll make it inviting, show it’s cared for, and boost your curb appeal. If you want specific advice to help your house stand out in our local market, let’s connect.

09/12/2024

Planning to buy a home? Make sure you’re budgeting not just your down payment, but for your closing costs too.

And if you want to try to cut down on those a bit, try these tips. Negotiate with the seller for concessions, shop around for more affordable home insurance, and look into closing cost assistance programs. DM me for more homebuying tips.