YOU CAN BOTHER TEAM SISTERS ANYTIME…. YOUR AGENTS FOR LIFE!
Real estate agents hear this all the time…
“I wish I had called you before. But I just didn’t want to bother you. I know you’re busy…”
…after it is too late.
There are times when you might feel like you shouldn’t “bother” the real estate agent you know. (Could be your friend, a neighbor, your brother-in-law, cousin, your sister…)
Maybe you’re truly trying to be considerate.
But, maybe it’s because you’re not even aware that you should.
Or, you just don’t want to feel obligated or pushed into doing something. (Despite what many people think, most agents are not pushy. Most are the exact opposite.)
So, let’s go over a few times that you should “bother” your real estate agent. Because it really isn’t a bother.
In fact, we’ll get into why it will bother them if you don’t reach out to them for any of these things.
1. You just want to check out a house.
You see a house online. Or a For Sale sign. Maybe even just stumble across an open house.
You’re not all that serious about buying a house. Maybe you’re only just starting to think about it. Or, maybe you have no desire at all to move, and you’re just curious and want to take a peek.
So, you don’t want to “bother” the agent you know to show you the house.
Instead, you call the listing agent. Or some random agent you don’t even know. Or just walk right into the open house.
Next thing you know, you love the house. You’re making an offer. The offer is accepted. And then you regret it. Or problems come up. Or the process is miserable. Or you don’t feel like the agent you’re dealing with is giving you the best advice.
And that’s when you call the agent you know.
Too late. At that point, the agent you know can’t help. (Or at least shouldn’t…) Because now you are represented by another agent. The agent you know can get in a lot of trouble for even giving you friendly advice.
As innocent as it seems, when you just want to go see a house… you are inadvertently making a bigger decision than you think — you are deciding who will represent your interests, advise you, and help you through the process.
Even if you just go see a house with another agent, and before you even make an offer you decide to have the agent you know write up the offer and represent you… the agent who simply showed you the house could claim you as their client. It’s called “procuring cause”. I won’t get into the details here, but it can become messy.
You’re better off calling the agent you know to show you the house in the first place. You won’t be considered a bother.
What will bother him is to have to bite his tongue and not give you the help you want further into the process.
2. You want to know how much your home is worth.
Maybe you’re just curious about how much your home is worth. Or, maybe you’re actually thinking of selling. It might be because you want to get a feel for your net worth.
Nowadays, you can hop online and check out any number of sites that will give you the value of your home.
So, why “bother” the agent you know about this?
Because most of what you will find online is highly inaccurate to begin with. They are “automated” valuations. They are based upon data and algorithms. They have never even seen the inside of your home. They do not take into account your local market conditions.
And if you base your hopes, dreams, and decisions off of an inaccurate value, that can hurt you quite a bit.
Again, asking the agent you know to do an analysis and give you a true market value… not a bother.
But, it would be bothersome to hear that you’ve based important life decisions off of an inaccurate value once it’s too late.
3. You are considering a home improvement project.
The real estate agent you know probably isn’t an architect. Or a builder, a plumber, an electrician, a painter, etc. So, they probably can’t advise you about the ins and outs of a specific project or costs.
But once you have a sense of the proposed cost of a project, before you just pull the trigger and move forward, you really should “bother” your agent for their input.
Putting on an addition? That will surely increase the value.
A kitchen or bathroom remodel? Yep, your house will be worth more.
But will the value increase more than the amount you spent? Will that matter in your situation? Will the choices you make in decor, layout, or fixtures appeal to a buyer down the road? Does that even matter, given your future plans?
All questions and thoughts your agent can get into with you. Before you spend the money and go through the headaches of a huge project.
On the other hand, if you go forward with a home improvement project and spend, let’s say $60,000, and then call your agent…
You could seriously regret how much you spent, or even doing the project at all.
Your agent doesn’t want to break the news to you that your home is only worth $38,000 more after you spent $60,000. There is no joy in that. There is nothing that can be done at that point.
That’s just three examples. There are certainly more. But you get the point…
So, reach out to your agent before you do anything real estate related… and just trust that it isn’t a “bother”.
There could be some legitimate reasons for not buying a home but indecision is not one of them. Indecision is rooted in not having enough information to move forward to own a home or continue renting.
If you keep renting, at the end of the year, you have had a place to live and a pile of receipts that helped the landlord pay for his house. Deciding to buy a home will give you a place to live that is yours and all the things that come with that.
When you consider principal reduction, appreciation and tax savings, your monthly cost of housing could be much less than the rent you’re paying. The principal reduction included in each payment is like a forced savings account that increases as your mortgage balance decreases. Your equity in the property will also grow due to appreciation as the home goes up in value. The equity is part of your net worth and an investment in your family’s future.
The income tax savings can be an additional financial consideration if the combined interest and property taxes are greater than the allowable standard deduction.
Trends are showing that both tenants and homeowners are staying in their homes longer. It’s been said that whether you rent or own, you’re paying for the home. Do you really want to buy the home for your landlord? Check out your numbers on a Rent vs. Own and then, call us to help make it happen.
In recognition for exemplary service during calendar year 2016, Janice Dubois receives Certificate of Excellence from leading real estate trade publication. “Fewer than 10% of real estate professionals nationwide are eligible for this Award and the honor is ours to endorse Janice Dubois.” says Chad Golladay, Executive Publisher of Broker★Agent™ Advisor
Certificate of Excellence This is to certify that Janice Dubois has met or exceeded criteria established by Broker Agent Advisor relevant to experience, reputation, and achievement… and having demonstrated every quality characteristic of a superior real estate professional is hereby recognized and honored for exemplary service to their community and as a credit to the real estate profession. Chad Golladay Chad Golladay Executive Publisher Broker Agent™ Advisor “Janice Dubois exemplifies the type of professional we designed this award for,”says Chad Golladay, Executive publisher of Broker★Agent™ Advisor. “A credit to their company, profession, and community at large both inside and outside of real estate; one with whom the honor is truly ours in being able to share this award.”
This GATED community is ideal for those needing something with plenty of room. This condo offers POOL view, two designated parking spaces with additional overflow near by, nice private PATIO, open flow floor plan, and tons of STORAGE, new carpet on stairway, and new bathroom hardware and some new paint. The refrigerator, washing machine, and dryer remain. In addition you will have the convenience of being on the BUS route. This 3 bed /2 bath, ready to move into, condo will not last long. Check it out today!
It’s not “if” the rate goes up but “when” the rate goes up; it could make a big difference for some buyers. Freddie Mac predicts that mortgage rates will be at 4.5% a year from now.
If buyers can afford a home with higher interest rates, it means higher payments. Higher payments might mean they won’t have the money to spend on other things like furniture or improvements to the home or an unrelated purchase like a new car.
When the rate moves 0.50% on a $250,000, the payment goes up by $70.66 a month. If it moves 1.00%, the payment goes up by $143.74 per month, each and every month for the entire term of the mortgage which means paying over $50,000 more for the house.
The question facing every borrower in this situation is “How will you feel about having to pay more to live in the same house because you were not ready to commit?”
Then, there’s the borrower who is absolutely maxed out as to what they can qualify for or sometimes, it is a borrower who just refuses to pay a higher payment. When that’s the case, the buyer has to make a larger down payment. In the same example, a 0.50% increase in rate would require $14,873 more in down payment. That could make the purchase impossible or require the buyer to buy a lesser price home that will not have the same amenities.
Mortgage rates have been low for so long that some people think that is what they should be. There are some economists who believe that the economy will not be strong again until mortgage rates are in the 7% range.
Becoming debt free is as much a part of the American Dream as owning a home but there certainly can be conflicting circumstances that make the decision to pay off your mortgage early unclear .
The advantages of paying off debt early is increased cash flow, less interest paid and a higher credit score. The disadvantages are lower cash flow available as discretionary funds for meals, entertainment and other things. If the ultimate goal is financial security, is it worth the intermediate sacrifice?
Whether you pay off your mortgage early is a personal decision that may be right for one person and not for another. Consider the following before you get started:
Reasons you should
Peace of mind knowing that you don’t have a mortgage
You’ll save interest regardless of how low your mortgage rate is
Lowering your housing costs before you retire
Reasons you shouldn’t
You can invest at a higher rate than your mortgage
You have other debt at a higher rate than your mortgage that needs to be paid off
You might need the money in the future and want to remain liquid
You might not qualify for a mortgage currently
You should pay off other debt with higher interest rates
Your employer has a matching retirement plan that would benefit you more
You have more urgent financial needs like emergency fund, life, health and disability insurance
You expect high inflation and the value of your mortgage debt will decrease