Highway 98 Real Estate

11/02/2022

Mortgage Rates Recover Slightly Ahead of Fed Day

Mortgage rates moved slightly lower today after spending the past two trading days moving higher.  The average lender remains in the low 7% range for top tier conventional 30yr fixed scenarios. The back and forth consolidation of the past few days speaks to the broader financial market find...

10/24/2022

Cooler weather is coming! 🍂🥶

Check these seasonal tasks off your list so you’ll be ready to cozy up when it gets cold!

Need a hand with your home maintenance projects? We’re happy to connect you with recommended service providers. Reach out for a referral at any time!

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10/20/2022

A Bright Spot in Housing? Yes, Existing Home Sales!!

10/18/2022

You need to know about the 5-year rule. 🏡

Some financial experts caution against buying a home unless you plan to own it for at least 5 years. This is because there are costs associated with purchasing and selling a home, and it may take time for the property’s value to rise enough to offset those expenditures.

If you aren’t sure about your new area or think you will need to move soon for work or family, you may be better off renting for now.

But if you plan to stay in your community long term, purchasing a home can be a fantastic opportunity. 💰 That time will allow you to build equity as your home value appreciates. Plus, you’ll gain a priceless sense of security and stability.

What other factors should you consider before taking the plunge into homeownership? Read our latest blog post to find out.

10/14/2022

Interested in investing in real estate? 🏠💰

You’ll need to understand cap rates.

A property’s cap rate (or capitalization rate) is an estimate of its rate of return. To find a property’s cap rate, divide the net annual income you expect it to generate by its current market value.

Cap rates are a great tool for comparing properties, but they don’t tell the whole story! You also need to account for financing costs, management expenses, and more.

Are you searching for an investment property that will pay off? We can help! Contact us today for a free consultation.

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10/11/2022

Absolutely.

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10/10/2022

Enjoy the journey 🛣️

10/10/2022

Absolutely!!

😁 ♥️ 🙌

10/10/2022

Can you afford to both buy and own a home?

Buying a 🏡 can be a great financial decision—if you’re ready. But, before you put in any offers, it’s important to crunch the numbers.

You’ll need to consider the up-front expense of a home purchase, as well as the ongoing costs of ownership, like those listed on this video.

Wondering if you can afford to buy a home? We’re happy to talk you through your goals and budget. Send us a DM to set up a free consultation.

10/06/2022

Is it better to buy or rent a home? 🤔

Despite what you may hear, there’s no single right answer. But, don’t panic—we’re here to help! Start by asking yourself these 5️⃣ questions:

❓ How long do you plan to stay in the home?
You’ll get the most financial benefit if you remain in place for at least 5 years.

❓ Is it a better value to rent or buy in your area?
Look up the price-to-rent ratio, and consider the long-term financial impacts.

❓ Can you afford to own a home right now?
Be sure to consider the costs of maintenance and repairs.

❓ Can you qualify for a mortgage?
Talk to a lender to determine whether your finances are in order.

❓ How would owning a home change your lifestyle?
Do you relish the thought of painting the walls or starting a garden, or do you prefer to have someone else handle upkeep?

If you’re still on the fence, check out our latest blog post for more details about how to make the right decision for you.

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