Your REALTOR:
Bonnie Fagoh
November 2000
Buyin' or Sellin'....Call Bonnie Helen! (Fagoh)(813) 390-7606
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To Stretch or Not To Stretch, That Is the Question When looking for real estate, buyers often discover that no matter what price range they explore, the house they Really want to buy, the house containing Everything on their current "wish list", is always just out of their reach. With interest rates low, and housing prices on the rise, justifying that "stretch" to get your dream house may be easier than you think. Here are some reasons to contemplate increasing the price range of your home search. Other People's Money: The leverage you gain using Other People's Money is one of the nicest parts of buying a home.
Mortgage RatesNational averages as of October 31, 2000:
30 yr. fixed: 7.38%15 yr. fixed: 7.09%1 yr. adj: 7.02%30 yr. jumbo: 7.82%
Get today's rates
With interest rates attractively low, you may find you have the ability to qualify for a higher mortgage amount than you originally thought. A small down
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Wondering What Your Home Is Worth?Let me show you.
Should I Take My Home Off the Market During the Holidays? When you look at your November and December calendars you may find the months already overloaded with seasonal obligations -- shopping, entertaining, children's pageants, charity work, decorating the house, and so much more. If you are also trying to sell your home, you are under extra pressure to keep your home in "showtime" condition. And that could be the last thing you need before the holiday spirit is broken. It is understandable why you would be tempted to take your home off the market during the holidays. And the list of justifications is long. If you are too busy, buyers may be also, and you may find your efforts unrewarded by enough showings. And what if you do get an offer? You may be faced with the possibility of packing and moving during the busiest time of the year. Besides, you can give your house a rest, and it will have better momentum after the holidays. Better to just pack it in and start fresh in January, right? But wait! Most top Realtors agree that taking your home off the market during the Christmas season is a mistake. The house sure isn't going to
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Is Your NeighborhoodKid-Friendly? Every kid's dream is to live in a neighborhood occupied by other children their age. It's a parent's dream, as well. After all, what parent doesn't dread hearing the words "I'm bored" come summertime? Young families who reside in neighborhoods primarily occupied by older people face a dilemma. Their kids are going to need frequent transportation back and forth to the houses of friends who live in other neighborhoods. This inconvenience is minor, however, when compared to other, more serious issues related to the relative "kid-friendliness" of a neighborhood. What if you live around the corner from a popular watering hole that attracts unsavory types on a nightly basis? Or perhaps you move into a neighborhood based on the belief that the area is good for children - only to discover later your town's plans for an adult-themed business within walking distance. You don't have to be taken off guard. Actually, if you keep your eyes and ears open during your home-search process, you'll probably find some clear indicators as to whether or not the neighborhood you're considering will be a good choice for your growing family. The importance of driving around a neighborhood in the morning, afternoon and late- night hours cannot be understated. Don't rely on just one daytime drive-through because many
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Pre-Approval VersusPre-Qualification: Is There A Difference? What's the difference between someone who is "pre-approved" for a loan and someone who is "pre-qualified?" Is one better than the other? And if so, how? These questions arose from a letter I received and seemed worth pursuing -- after all, if one approach is better than the other, wouldn't that be helpful to borrowers? In general terms, the idea behind pre-qualifying is this: You're a home buyer. You do not have enough money to buy for cash (do not be distressed, this makes you absolutely normal). The result: Your ability to buy depends on your ability to borrow, so it makes sense to speak with lenders before looking at houses to check your mortgage power and consider which loan program might be best for you. So, lender Jones offers to "pre-qualify" you while Lender Smith has a "pre-approval" program. Which is better?
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Daily News and Advice -->Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
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Bonnie Fagoh E-mail: bonniefagoh@century21beggins.com Web: WWW.TAMPACOASTALHOMES.COM 813-390-7606
Century 21 Beggins Enterprises813-390-76066542 U. S. Hwy. 41 N.Apollo Beach, FL 33572
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