Michelle Domeika Licensed Broker in Oregon

10/18/2024

Fall in SHERWOOD 🍁🍁😍😍

06/18/2024

According to a recent poll from Gallup, real estate has been voted the best long-term investment for twelve straight years.

04/26/2024

How much equity are yu sitting on? Message me for your no cost/no obligation equity evaluation.

If you’ve been a homeowner for at least a couple of years, keep reading.

Because that means you may be sitting on a solid amount of equity. And if so, there are a few different ways you can use it to fuel your next move.

Wanna know what your equity might unlock for you? Let’s talk through it.

03/05/2024

There’s been a lot of recession talk over the past couple of years. And that may leave you worried we’re headed for a repeat of what we saw back in 2008. Here’s a look at the latest expert projections to show you why that isn’t going to happen.

According to Jacob Channel, Senior Economist at LendingTree, the economy’s pretty strong: “At least right now, the fundamentals of the economy, despite some hiccups, are doing pretty good. While things are far from perfect, the economy is probably doing better than people want to give it credit for.”

Most experts believe there won’t be a recession in the next 12 months. One reason why is the current unemployment rate. The unemployment rate today is still very low.

But will the unemployment rate go up? Economists don’t expect the unemployment rate to even come close to the long-term average over the next three years – much less the 8.3% we saw when the market last crashed.

Still, there will be people who lose their jobs next year. Anytime someone’s out of work, that’s a tough situation, not just for the individual, but also for their friends and loved ones. But the big question is: will enough people lose their jobs to create a flood of foreclosures that could crash the housing market?

Looking ahead, projections show the unemployment rate will likely stay below the 75-year average. That means you shouldn't expect a wave of foreclosures that would impact the housing market in a big way.

Most experts now think we won't have a recession in the next year. They also don't expect a big jump in the unemployment rate. That means you don’t need to fear a flood of foreclosures that would cause the housing market to crash.

There’s been a lot of recession talk over the past couple of years.

03/04/2024

If you’re planning to buy your first home, saving up for all the costs involved can feel daunting, especially when it comes to the down payment. That might be because you’ve heard you need to save 20% of the home’s price to put down. Well, that isn’t necessarily the case.

Unless specified by your loan type or lender, it’s typically not required to put 20% down. That means you could be closer to your homebuying dream than you realize.

According to the National Association of Realtors (NAR), the median down payment hasn’t been over 20% since 2005. In fact, for all homebuyers today it’s only 15%. And it’s even lower for first-time homebuyers at just 8%.

The big takeaway? You may not need to save as much as you originally thought.

Learn About Resources That Can Help You Toward Your Goal

According to Down Payment Resource, there are also over 2,000 homebuyer assistance programs in the U.S., and many of them are intended to help with down payments.
With so many resources available to help with your down payment, the best way to find what you qualify for is by consulting with your loan officer or broker. They know about local grants and loan programs that may help you out.

Don’t let the misconception that you have to have 20% saved up hold you back. If you’re ready to become a homeowner, lean on the professionals to find resources that can help you make your dreams a reality.

Keep in mind that you don't always need a 20% down payment to buy a home. If you're looking to make a move this year, DM me to start the conversation about your homebuying goals.

If you’re planning to buy your first home, saving up for all the costs involved can feel daunting, especially when it comes to the down payment.

02/20/2024

Buying your first home is a big, exciting step and a major milestone that has the power to improve your life. As a first-time homebuyer, it's a dream you can make come true, but there are some hurdles you'll need to overcome in today’s housing market – specifically the limited supply of homes for sale and ongoing affordability challenges.

So, if you're ready, willing, and able to buy your first home, here are three tips to help you turn your dream into a reality.

Buying your first home is a big, exciting step and a major milestone that has the power to improve your life.

02/19/2024

If you're thinking of selling your house this spring, now is the perfect time to start getting it ready. With the market gearing up for its busiest time of year, it'll be important to make sure your house shines bright among the competition.

Here are some valuable tips you can use to get your house market-ready.

If you're thinking of selling your house this spring, now is the perfect time to start getting it ready.

02/17/2024

is the organization I trained with last year. I can attest that they operate in the highest integrity, love and obedience to the Lord. Their impact for the kingdom is immeasurable this side of heaven and the devil is angry!! These pastors should not be in prison and this mother should be with her babies!!Please take a moment to read, pray and message your senator!!

https://www.votervoice.net/mobile/IFAPRAY/Campaigns/112003/Respond

02/16/2024

Best Bday gift is a job well done!! 💪🎉🏡🦄
Is 2024 YOUR year? Reach out today for your consult!

02/08/2024

Are you on the fence about selling your house? While affordability is improving this year, it’s still tight. And that may be on your mind. But understanding your home equity could be the key to making your decision easier.

Think of equity as a simple math equation. It's the value of your home now minus what you owe on your mortgage. And guess what? Recently, your equity has probably grown more than you think.

In the past few years, home prices skyrocketed, which means your home's value – and your equity – likely shot up, too. So, you may have more equity than you realize.

How To Make the Most of Your Home Equity Right Now

If you're thinking about moving, the equity you have in your home could be a big help. According to CoreLogic: “. . . the average U.S. homeowner with a mortgage still has more than $300,000 in equity . . .”

After you sell your house, you can use your equity to help you buy your next home:

• Be an all-cash buyer: If you’ve been living in your current home for a long time, you might have enough equity to buy your next home without having to take out a loan. If that’s the case, you won’t need to borrow any money or worry about mortgage rates.

• Make a larger down payment: Your equity could also be used toward your next down payment. It might even be enough to let you put a larger amount down, so you won’t have to borrow as much money.

The Easy Way To Find Out How Much Equity You Have

To find out how much equity you have in your home, ask a real estate agent you trust for a Professional Equity Assessment Report (PEAR).

Planning a move? Your home equity can really help you out. DM me to see how much equity you have and how it can help with your next home.

Are you on the fence about selling your house?

02/08/2024

Great for a first time buyer or investment property!! Open 🏡 Saturday 12-2!!

02/08/2024

Stunning new listing in Garden Home!! Come see me Friday 3-5 🏡 for a personal tour!!