Bill Bayne Homes

04/18/2022

Coldwell Banker West
CADRE #02104529

Life events can have a major impact on what you need from your home, and retirement is one of the biggest changes many of us face. But what does that mean for your home?

If you’re looking for ways to focus more on the important things in your life, the answer could be downsizing.

>>You Can Find the Right Home for Your Needs

The 2022 Home Buyers and Sellers Generational Trends from the National Association of Realtors (NAR) provides more information on why people of retirement age choose to move. It shows the need for a smaller home, the desire to be closer to loved ones, and retirement itself as three of the top reasons homebuyers over the age of 55 make a move.

If you’re in this group, changing priorities may be top of mind for you today, and that could be driving your decision to downsize. After all, as your lifestyle changes, what you need in your home likely...

Life events can have a major impact on what you need from your home, and retirement is one of the biggest changes many of us face. This period of your life can mean doing more of the things you enjoy, like traveling, visiting with loved ones, or taking on new hobbies. But what does that mean for you...

04/15/2022

Coldwell Banker West
CADRE #02104529

If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing to live in multigenerational homes today. DM me so you can find a house that meets your changing needs and has plenty of space for you and your loved ones.

Some Highlights If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, ...

04/14/2022

Coldwell Banker West
CADRE #02104529

Even in today's competitive market, it's important not to waive an appraisal or inspection. Let's connect so you can feel empowered when you submit an offer on the home of your dreams.

04/13/2022

Coldwell Banker West
CADRE #02104529

There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American. “You know, the fallacy of economic forecasting is: Don't ever try and forecast interest rates and or, more specifically, if you're a real estate economist mortgage rates, because you will always invariably be wrong.”

Coming into this year, most experts projected mortgage rates would gradually increase and end 2022 in the high three-percent range. It’s only April, and rates have already blown past those numbers. Freddie Mac announced last week that the 30-year fixed rate mortgage is already at 4.72%. Danielle Hale, Chief Economist at realtor.com, tweeted on March 31, “Continuing on the recent trajectory, would have mortgage rates hitting 5% within a matter of weeks. . . .” Just five days later, on...

There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American:

04/12/2022

Coldwell Banker West
CADRE #02104529

With today’s real estate market moving as fast as it is, working with a real estate professional is more essential than ever. That may be why the percentage of people who list their houses on their own has reached its lowest point since 1985.

Here are five reasons why selling with a real estate professional makes more sense, even in today’s hot market:

>>They Know What Buyers Want To See
Before you decide which projects and repairs to take on, connect with a real estate professional. They have first-hand experience with today’s buyers, what they expect, and what you need to do to make sure your house shows well.

>>They Help Maximize Your Buyer Pool
Real estate professionals have an assortment of tools at their disposal to ensure your house is viewed by the most buyers. You want more buyers to view your house since buyer competition can drive your final sales price...

With today’s real estate market moving as fast as it is, working with a real estate professional is more essential than ever. They have the skills, experience, and expertise it takes to navigate the highly detailed and involved process of selling a home. That may be why the percentage of people wh...

04/11/2022

Coldwell Banker West
CADRE #02104529

If you’re buying or selling a home this year, you’re likely saving up for a variety of expenses. Using a tax refund is a common tactic for buyers and sellers. SmartAsset estimates the average American will receive a $2,897 tax refund this year.

Here are a few tips to help with your home purchase or sale this season.

>>How Buyers Can Use Their Tax Refund

According to American Financing, there are multiple ways your refund check can help you as a homebuyer. A few include:
• Growing your down payment fund
• Paying for your home inspection
• Saving for closing costs

The best way to prepare is to work with a trusted real estate professional to make sure you understand what’s to come in the process.

>>How Sellers Can Use Their Tax Refund

If you own a home and are planning to sell this spring, your tax refund can help you make sure your home is ready to list...

If you’re buying or selling a home this year, you’re likely saving up for a variety of expenses. For buyers, that might include things like your down payment and closing costs. And for sellers, you’re probably working on a bit of spring cleaning and maintenance to spruce up your house before y...

04/08/2022

Coldwell Banker West
CADRE #02104529

If you’re a homeowner, your net worth has gotten a big boost. That’s because recent home price appreciation has increased your equity. Your equity grows as you pay down your loan and as your home increases in value. Over the past year, the average homeowner’s equity grew by $55,300.

Some Highlights If you’re a homeowner, your net worth has gotten a big boost. That’s because recent home price appreciation has increased your equity. Your equity grows as you pay down your loan and as your home increases in value. Over the past year, the average homeowner’s equity grew by $55...

04/07/2022

Coldwell Banker West
CADRE #02104529

Spring is the most popular time to buy a home, making it a great time to sell. Let's connect so you can take advantage of the spring buying season.

04/06/2022

Coldwell Banker West
CADRE #02104529

Today's low inventory can be challenging for homebuyers, especially if you’re looking to purchase your first home. But if you're one of many people who work remotely, you may have a great opportunity to use the flexibility you have at work to achieve your homebuying goals this year.

In a recent report, Arch Capital Services explains how the ongoing trend of remote work can open up more options for homebuyers. “. . . This will enable those who are able to work from home on a part-time or hybrid basis to move slightly farther away from job centers. . . . For workers who secure full-time remote jobs, their place of residence will be determined by affordability and personal preferences.” Basically, working from home is great news if you’re a first-time buyer trying to find a home that meets your needs and budget.

If your job is 100% remote, you don’t have to be tied...

Today's low inventory can be challenging for homebuyers, especially if you’re looking to purchase your first home. But if you're one of many people who work remotely, you may have a great opportunity to use the flexibility you have at work to achieve your homebuying goals this year.

04/05/2022

Coldwell Banker West
CADRE #02104529

There are many trusted professionals who can help you understand your finances and what you’ll need to budget for throughout the process.

To get you started, here are a few things experts say you should plan for along the way.

>>1. Down Payment

The National Association of Realtors (NAR) says:

“One of the biggest misconceptions among housing consumers is what the typical down payment is and what amount is needed to enter homeownership. Having this knowledge is critical to know what to save . . .”

To understand your options, partner with a trusted professional who can go over the various loan types, down payment assistance programs, and what each one requires.

>>2. Earnest Money Deposit

First American explains what it is:

“The deposit made from the buyer to the seller when submitting an offer. This deposit is typically held in trust by a third party and is intended...

When it comes to buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information. But you should know, you’re not expected to have all the answers yourself. There are many trusted professionals who can help you understand your finances and what yo...

04/04/2022

Coldwell Banker West
CADRE #02104529

Since the number of homes for sale is low today, it can feel challenging to find one that checks all your boxes. But if you know which features are absolutely essential in your next home and which ones are just nice bonuses, you can land a home that fits your needs. Danielle Hale from realtor.com explains, “Focus on the goal you set out for yourself, like your list of must-haves and nice-to-haves and your budget, . . . Stick to that. Be persistent.”

The first step is to get pre-approved for your mortgage. Once you have a good grasp on your budget, you can begin to list all the features of a home you would like. Here’s a great way to think about them before you begin:

>>Must-Haves – If a house doesn’t have these features, it won’t work for you and your lifestyle (examples: distance from work or loved ones, number of bedrooms/bathrooms, etc.).
>>Nice-To-Haves – These...

Since the number of homes for sale is low today, it can feel challenging to find one that checks all your boxes. But if you know which features are absolutely essential in your next home and which ones are just nice bonuses, you can land a home that fits your needs.

04/01/2022

Coldwell Banker West
CADRE #02104529

Selling a house on your own can be a risky decision. Let's connect so we can put together a foolproof plan when you sell this spring.