Real Estate Blog

 

Should I Refinance My Home? | MyKCM

With the recent lower interest rates, many homeowners are wondering if they should refinance.

To decide if refinancing is the best option for your family, start by asking yourself these questions:

Why do you want to refinance?

There are many reasons to refinance, but here are three of the most common ones:

  1. Lower your interest rate and payment – This is the most popular reason. If you have a 5% interest rate or higher, it might be worth seeing if you can take advantage of the current lower interest rates, hovering below 4%, to reduce your monthly payment and overall cost of the loan.

  2. Shorten the term of your loan – If you have a 30-year loan, it may be advantageous to change it to a 15 or 20-year loan to pay off your

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What a Difference a Year Makes for Sellers | MyKCM

Over the last few years, many sellers have been hesitant to put their houses on the market because they feared not being able to find another home to buy.

We’ve reported on inventory shortages in the past, and it’s been a constant concern for potential buyers throughout recent years. New research shows the inventory concern is starting to decrease among potential buyers.

According to First American, the two leading obstacles to homeownership that buyers feel today are Affordability and Limited Inventory. This means the feeling that homes are less affordable has risen, while the fear of limited inventory has decreased, delivering a wealth of good news for sellers.

What a Difference a Year Makes for Sellers | MyKCM

At the same time, over the past 12 months, we’ve seen a steady

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105 Brody Ave, Volga, SD

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4 BEDROOMS | 2 Baths (2 full ) BATHROOMS | 1852 SqFt

STILL LIKE NEW! This newer Ranch home still has a hint of that New Home smell and the owner was hardly home to get it dirty. 4 Bedrooms, 2 Baths and Main Floor Laundry supports this open Kitchen, Dining Room & Living room concept. Approx. 130x64 fenced in Lot with a new firepit, only used once and a large 12x16 shed (electricity) with a kennel. You can't let this one get away, Call Today For A Personal Showing.

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4 BEDROOMS | 2 Baths (1 full, 1 ¾ bath ) BATHROOMS | 1974 SqFt

LIVE LIKE A KENNEDY in this 4 Bedroom, Split Level home. Freshly painted rooms & kitchen cabinets. Both bathrooms updated with floors, vanity and a tile shower (lower level) and new flooring in the lower level bedroom. Sitting in a small town growing community and a dead end street and large lot, this home is ready to move right into. Seller had done a Pre-Listing Home Inspection and is available to any serious buyers. Call Today For A Personal Showing.

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Every Monday Morning at 8:15am, join me on my Facebook page as I sit down with a local lender, and do a live interview and talk about a Mortgage Tip that may help YOU with your next Real Estate Purchase. 

This morning I sat down with Mark Waterman from Great Western Bank. Listen in as Mark gives a brief explanation of the benefits to paying more on your principle with a 30 year loan. You can reach him at 605.627.0602 or Mark.Waterman@GreatWesternBank.com  His office is located at 1302 6th St., Brookings SD 57006 or on the web at www.GreatWesternBank.com

 

 Paying More on your Principle 

 

- Good morning everybody, Shane here from the Brookings Home Team powered by Century 21. And again it's Monday morning, 8:15, ready to roll here.

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5 Powerful Reasons to Own Instead of Rent | MyKCM

 

Owning a home has great financial benefits.

In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained:

“Homeownership appears to help borrowers accumulate housing and nonhousing wealth in a variety of ways, with tax advantages, greater financial flexibility due to secured borrowing, built-in ‘default’ savings with mortgage amortization and nominally fixed payments, and the potential to lower home maintenance costs through sweat equity.”

Let’s breakdown 5 major financial benefits of homeownership:

1. Housing is typically the one leveraged investment available

Homeownership allows households to amplify any appreciation on the value of their homes

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4 Tips to Sell Your Home Faster | MyKCM

 

Since June of last year, we have seen an increase in the inventory of homes for sale month per month. Every spring and summer, the inventory increases because people want to sell their home. For those with children, they may want to be in their new home for the beginning of the school year.

If you are one of those sellers, you may find these 4 tips helpful in getting your home sold more quickly.

1. Make buyers feel at home

Declutter your home! Pack away all personal items like pictures, awards, and sentimental belongings. Make them feel like they belong in this house! According to the Profile of Home Staging by the National Association of Realtors,

“83% of buyers’ agents said staging a home made it easier for a buyer to visualize

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Americans' Powerful Belief in Homeownership as an Investment | MyKCM

 

The Federal Reserve Bank (The Fed) recently released their 2019  Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.

  Americans' Powerful Belief in Homeownership as an Investment | MyKCM

The Fed’s survey also showed that when the results are broken down by age, education, income, or region of the country, more than 55% of Americans in each category see homeownership as a good investment.

This coincides with a recent Gallup survey of Americans which revealed that real estate was their number one choice for the best long-term investment when compared to stocks, savings accounts or gold.

Bottom Line

Americans' belief in residential real estate as

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3 BEDROOMS | 2 Baths (1 full, 1 ¾ bath ) BATHROOMS | 1176 SqFt

CHARM & SPACE....Fresh exterior paint, new windows, hardwood floors and a large, fenced yard all wrapped in one quaint home. The lower level bathroom, Central Air & furnace are still fairly new. But it has a new sump pump, front storm door and exterior walk in garage door. All appliances included which also means a new exhaust range hood. Call Today For Your Personal Showing!

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3 BEDROOMS | 2064 SqFt

3 FLOORS OF FUN! This 2 story home in a great community should fit ALL your needs. 3 bedrooms, a Bathroom on the main & upper level, an open floor plan to the Kitchen into the Dining Room into the Living Room. Over 2000 finished sq. feet with an attached 2 stall garage. You will love the large yard, with a newer and tall chain link fence to hold in the things that are important to you. All of this at a great price. Call Today For A Personal Showing!

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