Real Estate Blog - Blog Archive: March, 2016

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March 2016

Found 4 blog entries for March 2016.

Although some renters believe that renting is “maintenance free,” they are actually paying for maintenance in their rent – whether they need it or not.  Renting offers you no equity, no tax benefit, and no protection against regular rent increases.  If you’re paying rent, you’re really just paying someone else’s mortgage.  Let’s compare.*

 

 

* Approximate Payment/Cost Comparison based on estimated annual tax results.  Based on 2.5 tax bracket and on estimated first year interest and taxes.  Recommend consulting with tax expert.  Payment based on FHA 30-year fixed rate loan with 7% interest rate, sales price of $125,000 and a loan balance of $121,250.  Interest rate/rental rates, prices, terms, and availability subject to change without

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A home is a sanctuary, a place where family gathers, where children grow, and where life happens. Buying a home is one of the most significant purchases you can make and it is imperative that your investment is protected. Whether it is your first house or your fifteenth, insurance may be required if your home is financed but essential for all home owners regardless of financial backing. Choosing the right insurance can be a daunting task, so let us help. Here is a basic breakdown of the types of home insurance that are both required and highly recommended for home owners:

Most preferred insurance companies will require at least 4 coverages be in place:

Coverage A – Dwelling- The home itself and attached structures. Also may cover materials and

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Spring is here! Many home owners are taking advantage of the change in weather by starting home improvement projects. Since home renovations are both costly and time consuming, it is important to know what projects are going to yield the greatest return.

Each year the National Association of Realtors reports on the cost of common remodeling projects and how much they add to the value of a typical home. The following are the estimates for the Portland area published in December, 2016:

The cost data comes from HomeTech Information Systems, a remodeling estimating software company, and is adjusted for regional pricing variations. The added value estimates are based on sampled NAR members’ professional judgment, not actual sales.©2015 Hanley Wood,

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Putting move plans on hold because you're not confident that you can find a suitable home to move into?  You're not alone.  

We're seeing this happen across the market with our friends and past clients.  Other Realtors in our market center also report that their friends and past clients are waiting for improved inventory before they list their home for sale.

If you need to clear a mortgage loan or need equity from your current home before you can purchase, and insist on waiting to find your next home before bringing your current home to market, chances are overwhelmingly high that you will miss the opportunity to take advantage of this great sellers' market and current low mortgage interest rates.

If the prevailing sentiment in the market is to

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