Wednesday, September 22, 2021 / by Brian Armstrong
Top 5 Things to Consider When Choosing Your Vermont Neighborhood
The Vermont real estate market is tight these days, meaning there is a shortage of homes for sale which has made buying a home a bit more challenging. While inventory is low there is still ample opportunity for you to find your dream home, but you need to take a deep dive into your goals and aspirations. When it comes to searching for your new homes there are a few major factors at play: price, aesthetic, and you guessed it – neighborhoods! These top 5 tips will help you begin your neighborhood selection as you look for homes in Vermont.
Start Your Search Open-Minded
You may start your search with ideas of where you want to live, but don’t count out the places that don’t strike your immediately. Your search for the perfect neighborhood may end with you in a town you would have never even thought of. A home search is a process of finding a home that matches each one of your checklist items from budget 7 ...
Friday, March 23, 2018 / by Cole Elwood
There are many economic variables to consider when selling your home when interest rates are rising. If that’s the only changing economic variable, you’re generally going to see a negative impact on both home sales and home prices. This means as interest rates rise, the buyer pool for your home is going to shrink.
In 2008, the Federal Reserve set rates at 0.25 percent because of the recession and the lack of buyer confidence or demand. Since then, buyer confidence and buyer demand have risen. In December 2015, rates climbed to 0.5 percent and continued to rise to where they are today at 1.5 percent. The Fed has noted rates will rise to 2 percent in 2018 and then 3 percent by 2020.
What Happens to the Ability to Sell Your Home With These Rises in Interest Rates?If interest rates rise 1 percent and all other economic factors remain the same, purchasing power for homebuyers will decrease by just over 11 percent; therefore, every quarter-percent (0.25 percent) rise of interes. ...
Thursday, October 5, 2017 / by Cole Elwood
Buying a home is the single largest investment most people make. Add the fact that it is the first time going through the home buying process and it can become one of the most difficult decision to make and for some too overwhelming to even start. Take these 3 easy first steps and you too can be confident in starting the purchasing process.
Step 1. Talk to a lender, Get pre-approved
By far the most important step in any home purchase that is not a cash deal is talking to a lender. Getting pre approved for financing before your start looking at homes will save you time. The types of properties you look at will be determined not only by what price range you are pre approved for but also the type of financing you choose. With loans ranging from 0% down government programs to 20% conventional the properties that fit with each of these programs vary wildly.
One lender that I have had many clients choose and be very satisfied with is Sue Ryan with Union Bank. Choosing a local l! ...