Missoula real estate and homes for sale in neighboring communities. Anne Jablonski, Real Estate Specialist
Home|Thinking of Selling?|Buying?|Contact Annie & Tony
ANNE JABLONSKI   Broker/Realtor®<br />TONY JABLONSKI   Realtor®ANNE JABLONSKI Broker/Realtor®
TONY JABLONSKI Realtor®

(406) 546-5816 (Anne)
(406) 546-4079 (Tony)

Portico Real Estate
445 W Alder
Missoula, MT 59802
406.327.8787

Your Real Estate Update

Your Real Estate Update

JUNE 2017 - LOOK FOR AN AGENT WITH THE HEART OF A TEACHER

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:

  • Set the market value on possibly the largest asset your family owns (your home)
  • Set the time schedule for the successful liquidation of that asset
  • Set the fee for the services required to liquidate that asset
An agent must be concerned first and foremost with 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 your house. However, you first need to know that 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 to explain the current real estate market to you and is patient enough to take the time to show you how it may impact the sale of your home.Not someone only interested in trying to sell you on how great they are.

Bottom Line: You have many agents from which to choose. Pick someone who truly cares.

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MAY 2017 - IS IT TIME TO MOVE UP TO THE HOME YOU ALWAYS WANTED? As interest rates increase, the house you can afford will decrease...

Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates are still around 4%. Waiting to make the move while mortgage rates are increasing doesn't make much sense. 

As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain budget for your monthly housing costs. 

With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5% (in this example, $10,000). 

Experts predict that mortgage rates will increase by at least half a point by this time next year. 

BOTTOM LINE: Act now to get the most house for your hard earned money.

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March 2017 - Closing costs often surprise homebuyers. Typical closing costs range between 2-5% of your purchase price...

According to a recent survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage.

After surveying 1,000 first-time and repeat home buyers, the results revealed that 17% of home buyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the fees were than expected.

"Homebuyers reported being most surprised by mortgage insurance, followed by bank fees and points, taxes, title insurance and appraisal fees."

Bankrate.com recently gathered closing cost data from lenders in every state and Washington, D.C. to be able to share the average costs in each state. The map below was created using the closing costs on a $200,000 mortgage with a 20% down payment.

Keep in mind that if you are in the market for a home above this price range your costs could be significantly more. According to Freddie Mac,"Closing costs are typically between 2 and 5% of your purchase price."

Bottom Line - Speak with your lender and agent early and often to determine how much you'll be responsible for at closing. Finding out that you'll need to come up with thousands of dollars right before closing is not a surprise anyone should experience.

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FEBRUARY 2017 - IT'S CHEAPER TO BUY THAN TO RENT!

The results of the latest Rent vs. Buy Report from Trulia show that home ownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

The updated numbers actually show that the range is an average of 17.4% less expensive in Honolulu (HI), all the way up to 53.2% less expensive in Miami & West Palm Beach (FL), and 37.7% nationwide!


Other interesting findings in the report include:

* Interest rates have remained low, and even though home prices have appreciated around the country, they haven't greatly outpaced rental appreciation.

Home prices would have to appreciate by a range of over 23% in Honolulu (HI), up to over 45% in Ventura County (CA), to reach the tipping point of renting being less expensive than buying.

* Nationally, rates would have to reach 9.1%, a 145% increase over today's average of 3.7%, for renting to be cheaper than buying. Rates haven't been that high since January of 1995, according to Freddie Mac.

Bottom Line - Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, review your current monthly expenses, talk with a mortgage lender to find out how much you qualify for, then let's get together to find your dream home!
REALTORREALTORCertified Residential Specialist®e-PRO®Equal Housing OpportunityAccredited Buyer RepresentativeAt Home With Diversity

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