1) wants vs. needs. only the needs will go with us. Its sort of like moving to another country--for me that means I was a traveling gypsy, it HAD to fit in two suitcases. Same concept here.
4) Don't listen to the critics, its your happiness, not theirs.
A few things that we need to address still:
1) cars--we live in a cold climate, a garage is not mandatory, but sure is nice!
2) weather safety--tornados. where do you go when those happen?
Long story short, we think we will still want a garage with a root cellar type of basement for safety.
I am amazed at the varieties of things available for a Tiny Home....I prefer metal frame vs. wood, and closed cell spray form insulation vs. batting....I can get an R-6 per inch! Becuasse really, its does get HOT and COLD in Iowa.
When we are out visiting family in Ft. Collins, we are going to check out MitchCraft Tiny Homes. So excited to be inside a tiny home, for real!
Data DOES NOT EQUAL information. Data is raw and usually overwhelming....after analysis (be it with qualitative or quantitative mean), data becomes information. Meaning something we can understand. Recently, there has been a HUGE raise in infographics to convey meaning in a concise way to the viewing public. Real estate has followed this trend.
If any of you follow Zwanziger Realty on Pinterest, you can see evidence of this--I love infographics! Infographics provide a quick & easy way to convey information with IMPACT.
Look below, which one has more concise impact on you, A or B?
A) "In 2019, millennials will lead the way in number of mortgages, accounting for 45% of the market. They’ll be followed by Gen Xers at 37% & baby boomers at 17%."
Most of the time, B is the option that people prefer.
This graphic is conveying information about the real estate market....and there is so much information out there! Whether you are a buyer or seller, harness all this information to be as informed as possible!
Happy Selling or House Hunting, whatever the case may be!
But isn't the point of a a real estate agent to be in town, in the office? Giveback Homes thinks otherwise, which is AMAZING.
Giveback Homes networks like-minded real estate agents & empowers them to turn their everyday business into an opportunity for SOCIAL CHANGE. The Giveback Home team delivers innovation & impact to their network of real estate agents, which are the driving force behind the movement to provide safe homes for families throughout the world. But how?
Most companies offer vacation time and sick days, few of us want to use vacation time to volunteer to build a home. But some companies are changing that norm. Think about this:
What if in addition to vacation, companies offered paid opportunities to travel and volunteer abroad? Salesforce, Timberland, Patagonia, and IBM are among the companies that currently offer paid volunteer abroad opportunities to their employees."
Let's think bigger, what if every Fortune 500 company did the same?
Think about THAT IMPACT, how countries and people employees would be helping around the world & enriching the lives of employees.
Sounds too good to be real? Well, its working since 2013! This network of real estate agents is growing as has provided safe homes in 17 different cities across the US and in two countries (Mexico & Nicaragua).
Giveback Homes helps coordinate this impact for real estate brokers and companies. Real estate agents are able to volunteer to help build homes & projects to donate to & support. Other projects include clean water (international) and socks donations (most sought item in homeless shelters in the US).
The company also offers its community with marketing & communication tools to help share their philanthropic endeavors with their clients, friends and family. Other benefits include more engagement, more networking, and better retention of staff.
For Millennials especially, thinking about the TRIPLE BOTTOM LINE is standard. That means this group of consumers actively think about the financial, environmental and social impacts of their buying decisions. And that includes real estate too.
Have a great weekend everyone!
I LOVE STATISTICS. Knowledge is power to make more informed decisions.
Even though women still make on average 83 cents to every dollar a male makes, it continues to increase, especially with the growing rate of college educations being earned by females.
And women are waiting longer to marry (if at all) & have kids. The Census Bureau reports that on average, women enter marriage at age 27 (2014), compared to 21.5 years in 1940.
These numbers are also slowly changing social and cultural norms of what is 'okay' behavior for a female too. Not as noticed at the change from dresses to pants, but the ownership of property is a bit more subtle. Up until 1850's, once a woman married, all property she had became her husbands....for some that meant choosing to not marry.
BUT this one is the kicker....it was not until 1974 that a women could apply for credit (AKA a mortgage) due to the Equal Credit Opportunity Act of 1974. As you can imagine, between 1850 and 1974, property was rarely purchased by a female.
The single female homebuyer is a NEW TARGET MARKET in the real estate business--both YOUNG & OLDER women. Only 7% of single males are choosing to buy a home (compared to 18% of women). The only noticeable difference in 'must haves' for women is a want for
Thanks to the student that shared one of these articles with me.
Sounds simple right? When why is the news still filled of stories defaulting on their mortgage payments?
My belief is that much of it is due to the short term mindset of American society; a home purchase is a long-term value proposition--I mean most mortgages are for 30 years! Or 40 years if you are in California, crazy!
Here are some tips to avoid these pitfalls:
1. Keep your monthly mortgage payment under one paycheck
This one is a no brainer. Don't let wonderlust get the better of you when shopping for your home. This is especially important if your are self employed and your monthly income varies. Remember you have to eat....and pay for other things like insurance and your phone. Here is a mortgage calculator for your planning. LOVE THIS TOOL.
2. Shop around for the best interest rate
AKA, ask more than one bank or credit union, even it means more paperwork.
Credit report 'pulls' for mortgage purposes within a set period of time only counted as one hard credit inquiry. Do them all within a short period of time.
3. Multiple quotes can help with more than just interest rates
Sends the message to your real estate agent you are SERIOUS about buying.
4. Lock in your interest rate for as long as possible
Shit happens, even during escrow. We would love for it always to be smooth sailing, but in reality its not. If you can lock in for the longest time possible, usually 90 days.
5. An ARM is a risk—even if you only plan to live there less than 5 years
ARM means Adjustable Rate Mortgage...which the rate is not fixed and adjusts by what is happening in the FED rates or the markets overall. There is usually 5 years at the beginning of the loan with a low fixed rate and then for the remaining of the loan, the rate is 'adjustable' based on what is happening in the market, its harder to plan your monthly budget when you don't know exactly what your loan payment will be. (SIDENOTE: think mortgage crash 2008....learn from this bad experience)
6. Make extra mortgage payments whenever possible (little extra now makes a big difference over the life of the loan)
7. Get a mortgage where you can still save for retirement
If you can afford the 15 year mortgage, you might want to go for the 30 year.
LOWER MONTHLY PAYMENTS = FLEXIBILITY
You can choose if you put more $$ towards your mortgage or say for retirement. Be thinking your head, 'Is the rate of return for my retirement investments higher than my mortgage interest rate?" If so, you can get more bang for your buck by upping your retirement savings to get the most out of the time value of money.
Hi, I am Summer, real estate agent in NE Iowa. This blog is about life, of which Real Estate is a part of. Happy reading!