Gay Realty Network

Real Estate News With a Gay Slant

How Interest Rates Impact Family Wealth

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How Interest Rates Impact Family Wealth | Keeping Current Matters

With interest rates still in the low 4%’s, many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year. If you look at what the experts are predicting for 2015, it may make the decision for you.

Predictions for 2015 3Q:

Even an increase of half a percentage point can put a dent in your family’s net worth.

Let’s look at it this way…

The monthly payment (principal & interest only) on a $250,000 home today, with the current 4.1% interest rate would be $1,208. If we take that same home a year later, the Home Price Expectation Surveyprojects that prices will rise about 4% making that home cost $10,000 more at $260,000. If we take Freddie Mac’s rate projection of 4.8%, the monthly mortgage payment climbs to $1,364. Some buyers might not think that an extra $156 a month is that bad. But over the course of 30-year mortgage you have spent an additional $56,160 by waiting a year.

 Mortgage Rate Projections | Keeping Current Matters

For more information on Orange County Real Estate, please visit us our website or Like us on Facebook

Todd Moeller
Seven Gables Real Estate
5481 E Santa Ana Canyon Road
Anaheim Hills, CA 92807
Todd@themoellerteam.com
(714) 404-9540
BRE#: #01762788

Terry’s Blog: Good Solid Advice About Home Mortgages That Anyone Can Use

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Good Solid Advice About Home Mortgages That Anyone Can Use

Terry is a gay friendly realtor in Sioux Falls SD.  You may reach him at 605-351-1008 or terry@terrybornitz.com

Terry is a gay friendly realtor in Sioux Falls SD. You may reach him at 605-351-1008 or terry@terrybornitz.com


Mortgages, like any other loan, are a serious endeavor to undertake. Thankfully, a mortgage is backed by a home, meaning you will have an easier time paying it off if you must, but it can still sink you if you don’t complete the process smartly. Read on to learn many mortgage tips and tricks.

Save enough money to make a down payment. Lenders may accept as little as 3.5% down but try to make a larger down payment. If you put down 20% of your total mortgage, you won’t have to pay private mortgage insurance and your payments will be lower. You will also need cash to pay closing costs, application fees and other expenses.

Prior to applying for the mortgage, try checking into your own credit report to make sure everything is correct. Recent years have made it more difficult to get a mortgage, so a solid credit report is critical if you wish to qualify for a loan with good terms.

Try to have a down payment of at least 20 percent of the sales price. In addition to lowering your interest rate, you will also avoid pmi or private mortgage insurance premiums. This insurance protects the lender should you default on the loan. Premiums are added to your monthly payment.

Determine what the value of your property is before you refinance or apply for a second mortgage. Your home may seem exactly as it was when first purchased, but the actual value may have changed and could have an impact on the chances of approval.

When it comes to mortgages, knowing all you can about the process helps you get it done right. These great tips from experts and your peers alike will ensure that you have no problems down the road. Take your time as you seek out your options and choose between them, but then take the plunge.fbcoverTerryBornitz

Microhousing Coming to Seattle?

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Seattle, Washington

Seattle

New city rules for “microhousing” apartments (backstory here) have just passed the City Council’s Planning, Land Use, and Sustainability Committee. We came in on the meeting broadcast late, but in time to hear the passage of two amendments – one requiring two sinks per unit (food-prep and bathroom areas), one that goes beyond microhousing, requiring a city study of residential-area parking policies, with recommendations to be presented next spring.

Seven amendments in all were proposed – they’re all linked from the agenda for the meeting that just concluded. The full council will vote on October 6th. If the new rules pass, they won’t affect projects already in the pipeline, including at least two on the drawing board here in West Seattle, where two “microhousing” buildings are now open – both under the Footprint brand – one on Delridge, one on Avalon.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

See the Full Story at the West Seattle Blog

Click here for gay realtors, mortgage lenders, and other real estate professionals in Washington State.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

New Skyway Proposed for New York’s East River

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New York Skyway

New York City already offers tram service between the Upper East Side and Roosevelt Island, but a local businessman has proposed a new “high-speed” gondola system that would initially provide service between Williamsburg and lower Manhattan. Gothamist is digging it:

Picture this: it’s 100 degrees out, you descend into the subway station to find a packed platform, you stand for 10 minutes waiting for a train as the sweat forms a glistening husk around your entire body. What if you could skip all of that, and float way above the river to your destination? CityRealty’s president Dan Levy has proposed an East River Skyway, and we are on board–this high-speed gondola would connect a number of areas along Manhattan and the Brooklyn and Queens waterfronts–kind of similar to the East River Ferry route.

If the real estate exec’s proposal ever takes flight, the first phase would connect the Williamsburg waterfront to Downtown Manhattan (a trip to Delancey street would only take 3.5 minutes!), South Williamsburg and the Brooklyn Navy Yard. After that, an extension north to Greenpoint, LIC and Midtown East, and south to DUMBO and the South Street Seaport area would be added. After that, who knows! Hoboken? The moon?

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

See the Full Story at Joe.My.God

Click here for gay realtors, mortgage lenders, and other real estate professionals in New York.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

The Two Things You Don’t Need to Hear from Your Listing Agent

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Two Things You Don't Need to Hear From Your Listing Agent | Keeping Current Matters

You’ve decided to sell your house. You begin to interview potential real estate agents to help you through the process. You need someone you trust enough to:

  1. Set the market value on possibly the largest asset your family owns (your home)
  2. Set the time schedule for the successful liquidation of that asset
  3. Set the fee for the services required to liquidate that asset

An agent must be concerned first and foremost about you and your family in order to garner that degree of trust.  Make sure this is the case.

Be careful if the agent you are interviewing begins the interview by:

  • Bragging about their success
  • Bragging about their company’s success

An agent’s success and the success of their company can be important considerations when deciding on the right real estate professional to represent you in the sale of the house. However, you first need to know they care about what you need and what you expect from the sale. If the agent is not interested in first establishing your needs, how successful they may seem is much less important. Look for someone with the ‘heart of a teacher’ who comes in prepared well enough to explain the current real estate market and patient enough to take the time to show how it may impact the sale of your home. Not someone only interested in trying to sell you on how great they are. You have many agents from which to choose. Pick someone who truly cares

Do you have more any more real estate questions? Please visit us on Facebook or at our website.

Todd Moeller
Seven Gables Real Estate
5481 E Santa Ana Canyon Road
Anaheim Hills, CA 92807
Todd@themoellerteam.com
(714) 404-9540
BRE#: #01762788

 

Terry’s Blog: You Need To Find A Real Estate Agent That Has A Lot Of Experience With Home Buying

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You Need To Find A Real Estate Agent That Has A Lot Of Experience With Home Buying

Terry is a gay friendly realtor in Sioux Falls SD.  You may reach him at 605-351-1008 or terry@terrybornitz.com

Terry is a gay friendly realtor in Sioux Falls SD. You may reach him at 605-351-1008 or terry@terrybornitz.com


Learning about buying real estate can be very overwhelming, but just like anything else, it can also be very easily researched. Now that you have found this list of tips, hopefully, you can come out a little more informed when it comes to buying real estate, so that you can refine your methods and buy real estate smarter.

When submitting an offer to purchase a home always include a home inspection clause. This clause will allow you to have a qualified inspector check the home out and gives you the option of backing out of the offer if extensive problems are found. Hiring a qualified inspector is important, and can save you thousands.

When you are buying a home, do not put all the savings that you have into your down payment. You should leave some of your savings in case of an emergency. You should not be surprised if something in your new house breaks down and you need funding to fix it.

When investing in real estate, you will want to carefully consider the location you are buying in. Rural areas may be harder to rent out. Look for larger cities and metropolitan areas where rents are higher and the number of people looking for a place to live is greater.

Before buying a home make sure your finances are ready. Being able to put up a down payment and monthly mortgage payments can be a huge shock to the budget. Take your time and save up your funds before trying to jump into the market. If you do not have a steady source of income, then consider waiting for a while.

It wasn’t as bad as you thought, right? Like any other subject, the world of real estate buying is large and has a wealth of information available on it. Sometimes, you just need a little hint as to where to begin. Hopefully, you received that hint from the tips in this article.fbcoverTerryBornitz

Terry’s Blog: Real Estate Buying Advice For Potential Home Owners

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Real Estate Buying Advice For Potential Home Owners

Terry is a gay friendly realtor in Sioux Falls SD.  You may reach him at 605-351-1008 or terry@terrybornitz.com

Terry is a gay friendly realtor in Sioux Falls SD. You may reach him at 605-351-1008 or terry@terrybornitz.com


If there was any set formula to turn the average Joe and Jane into a home-buying expert, we would have avoided the housing collapse of a few years ago. The truth of the matter, is that it’s just too unpredictable to properly gauge. However, there are still some great tips you can use to help you, like the ones in this article.

Make a list of all the features you want your new home to have before you start shopping. This way, you’ll have a clear picture of what you need in a home and what you’d want. Going out blindly looking at houses can be exhausting until you sit down and write out what exactly you want.

When you want to buy a home and you have the credit, the job and the necessary funds, usually there are no good reasons to postpone the purchase. In some cases for example, when you are new to the area, your job is not secure enough or you are getting married in the near future, you might consider putting off the purchase.

Many new home buyers don’t give much thought to who the escrow company or agent, will be for closing. This person will be running you through hundreds and hundreds of pages of documents to explain and sign. Having someone who can explain this content, in a concise and correct way is very important, as well as having someone who can answer your tough questions. Get references from agents and friends and insist on being able to use the company and escrow agent of your choosing.

While there might not be any recipe for real estate success written in stone, there are still many different tips and tactics that you can use to always come out on top in your real estate dealings. Take action with what you have read in this article and you should be able to win out on any deal.fbcoverTerryBornitz

Featured Gay Realtor: Jeff Escher, Rockville, Maryland

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Jeff Escher, Gay Rockville Real Estate AgentPeriodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

Jeff Specializes in Homes Near Metro in Montgomery County and NW DC. No pressure – Jeff is friendly and helpful, and will help you buy or sell your Rockland area home. Montgomery County is very gay friendly.

See Jeff’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in Maryland

Is Shared Housing the Next Thing for LGBT Boomers?

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Cohousing Association logoJust as ideas in fashion become new again, so do many other facets of our lives. Years ago it was common for people to live together in extended family groups and to form close-knit communities. Then individualism drove us apart. But there has always been a desire in the hearts of many to live close, to form neighborhoods and to share. In the next few articles we’re going to look at some of these old yet new housing options.

Kiplinger’s Retirement Report, Vol. 21, of August 2014, discusses how baby boomers are seeking a new way to live that will allow them to age in place and skip the dreaded nursing home. They go on to discuss cohousing, shared homes and new village formations. We will be discussing all three options, both for retirees and younger families. Today: cohousing.

Cohousing is a form of “intentional community,” and based on a model conceived in Denmark. Residents band together to create a neighborhood which they will design, maintain and manage. Each member has their own residence, but usually these are closer together and somewhat smaller than individual houses. This is intentional – the idea is that residents desire to encounter one another, and will agree to share gardening tools, bicycles, dinners, whatever the group decides, and help one another.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Del Phillips – See the Full Story at LGBT Weekly

Click here for gay realtors, mortgage lenders, and other real estate professionals.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Featured Gay Friendly Realtor: Todd Moeller, Long Beach, California

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Todd Moeller - Long BeachPeriodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

Tom is a Long Beach Realtor who is honest and has a ridiculously strong work ethic. He will represent your interests whether you are looking to buy or sell a Long Beach area home.

See Todd’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals