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Marion Kaarina Ott |
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Real Estate Market Offering Good Opportunity For Buyers
 In some areas the real estate market is "hopping". New homes are being sold faster than they can be built and some new homeowners are purchasing great properties for a lower price than five years ago and with a very low interest rate. That's making today's buyers feel more secure about their investment.
If you're a buyer watching the real estate market and wondering if it's poised for a very strong recovery, here are a few things to think about.
The already low interest rates look like they'll be around for a while longer. According to the Federal Reserve, more mortgage-backed securities and bonds | |
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Mortgage Rates
U.S. averages as of March 28, 2013:
30 yr. fixed: 3.57%
15 yr. fixed: 2.76%
1 yr. adj: 2.62%
View current rates
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will be purchased. Currently its purchasing about $45 billion a month. What this could mean is that interest rates could go even lower. Keeping the interest rates low is a strategy to encourage people to enter the real estate market again.
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Is 'Better' Enough for The Business of Homeownership?
![]() Better is not good enough. We're told the housing market is getting better, and that's great. But when a homeowner wants to sell - or has to - "better" may not be good enough.
In many locations, prices are rising and home buyers are out in greater numbers. But is that true for your street or suburb? Are you confident you could sell your current home for enough to cover your existing mortgage and provide an adequate down payment for the next home, plus moving expenses and closing costs at both ends?
 If you are confident, even optimistic: Positive thinking is important to achieving goals, but they must be realistic to start with. If you're sure about real estate values, why are you sure? Have you arranged an update of the last real estate market evaluation of your home? If not, contact the real estate professional you're confident knows your neighborhood and get the facts on what's sold and which listings expired without a sale.
Learn what's actually happening, not what the media is promoting about locations far from yours. Get used to going directly to the source of local real estate knowledge and information. Check with neighbors and local businesses to
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Patio Appeal May Add
Value To Your Home
![]() Depending on where you live, a patio might not be the kind of thing you think about during the cold, and maybe snowy, winter months. But a patio is what many people enjoy on a sunny warm afternoon. It just feels good to sit outside and sip some iced tea or lemonade. That's the picture your real estate agent would want to capture when listing your home for sale.
Patios are appealing because they can create a sense of peace, open space, freedom, and they can seem to extend the square footage of livable space on those good weather days.
Set out on your patio some simple but comfortable patio furniture when you're listing your home and you might find that prospective buyers take a seat and think about your home. Good! Let them soak in the energy of the home. The way it feels. The way it allows them to relax. Set some brochures out on a side table. Maybe even a good book. You'd be surprised what these buyers pick up. If they enjoy themselves while sitting on your patio, you're likely to have piqued their interest in your property.
So, what if you have a backyard but no patio; is it worth investing in one? The answer depends on your financial situation but there's no doubt that having a patio or a deck - a space outdoors to relax - is a plus.
However, here are a few tips about creating that patio space. If you have a small backyard, you don't necessarily want to take up the entire space with a
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Rise of Smart Appliances Coming in 2013
 A new smart home appliance survey recalls a plot in a machines-take-over movie, but the new technology can actually help save the planet as well as energy costs.
Maybe consumers do want stoves that talk.
It only sounds scary.
Late last year, the Consumer Electronics Association said when it comes to learning more about home automation, most households were more concerned about security issues, rather than gabby appliances telling them what to do.
More than half tech-savvy consumers told CEA they wanted to be remotely alerted to security problems and smoke detectors going off when they weren't at home.
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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| Marion Kaarina Ott, Broker,President,CIPS,ABR,German/English
E-mail: Marion@dynamic-realty.com
Web: http://www.dynamic-realty.com
(305) 868-0505
(305) 915-4854 | | Dynamic Realty Group, Inc.(305) 868-0505
1111 Kane Concourse Suite 201
Bay Harbor Islands, Fl 33154 |
Equal Housing Opportunity |
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