We are done with low interest rates. Did you know that ALL CASH real estate purchases are up in the last year to 50% in some sectors of the bay area real estate market?
I’m not talking about mortgage payment here or PITI/ principal, interest taxes and insurance. Closest article that I could find was from the Bureau of Statistics (they’re safe) and needs to be extrapolated to 2011 costs. What they don’t talk about is that home ownership keeps you home more so gas prices of going places, vacations to get away from your rental and moving costs if your rental is a problem or you are asked to leave.
Read more here…
Deciding to buy a retirement home while you are still working is a decision that is based on a long term projection of your future income and plans. Here are some of the reasons to buy your final retirement home now.
1. You will more easily be able to qualify for the loan while you have a steady income
2. You can enjoy the home as a vacation home
3. You can vacation rent the home and get a tax deduction and income while you are not using it. Financing the home as a second home and not an investment property has potential financing and tax advantages
4. Interest rates are at an all time low
5. Good development locations are being purchased as our population grows so there are more opportunities now before the baby boomers retire
6. Building costs: materials, labor and permits are increasing not decreasing
7. You are tired of the stock market
Make wise decisions regarding your most important investment: Your home.
Follow these basic 5 rules if you are thinking of buying or selling:
- Create a clear financial picture of your ability to buy or continue to live in your home based on income and cost of living increases.
- “Carpe Diem:” If your dream home is now affordable or your quality of life will change with a new home; don’t be afraid to lose money on your present home and its sale. The market is not coming back to 2007.
- Preserve your credit. Better to short sell and save then hang on and hope.
- Choose a home to suit your life style: Decide when to buy or sell based on predicted changes in finances or family size.
- Call Sandy Kay, a good realtor – it’s free: She will guide you by providing options for what and when to buy or sell. By asking questions and listening to your needs and desires, she will maximize your dollars by suggesting homes or giving you remodeling tips. She will guide you to the best financial advisers and can provide bank negotiation skills. She is an expert in assessing your home values today or retrospectively. Visit Schools page and get a future snapshot of future value in the bay area.
What do top Realtors expect for 2012:
Hear people say what a good realtor can do:
Call today to find out whether you should be buying or selling in 2012:
This hearty soup uses kale, a wonderful winter vegetable with a tremendous vitamin content. Guaranteed to keep your family warm and fueled.
2 Tbs olive oil 1.heat oil:cook onions and garlic till translucent
2 yellow onions
4 garlic cloves
1 pound mild Italian sausage (optional) 2. Brown over medium heat in a skillet and break into small pieces. Drain on paper towels
1 bunch kale 3. Cut into bite size pieces discarding stems. Rinse and drain
4. Add water, broth and tomatoes to cooked onion mixture. Simmer in a stockpot.
1 qt water
1 qt chicken broth (or use vegetarian)
14.5 oz chopped tomatoes – or 1 can
5. Add the next ingredients. Cook about 45 minutes.
(If using canned peas add 30 minutes later.)
2 cups black eyed peas
1 cup lentils
1 pound waxy potatoes (3/4″ cubes)
1 tsp dry thyme or 1 Tbs fresh
2 bay leaves
6. Season to taste with salt and pepper and add sherry as you go along
1 tsp kosher salt or to taste
black pepper to taste
2 tsp sherry (vinegar) or to taste
Makes 6-8 servings. 350 calories per serving, 20 g protein, 45 g carbohydrates, 12 g fat (3 g saturated), 13 g fiber
Keiki is a 6’4″ gorilla with a bad temper. Sounds like a lot of people these days after the first wave of the recession. Smart people, like gorillas, found sanctuaries in their friends and lost a few acquaintences since 2009. We all have some stories to tell about how we have changed in the last few years.
Keiki’s story starts when his realtors wanted to make him more comfortable. There were a lot of people who thought that was a bad idea. They thought Keiki would hurt himself if he had trees and sky and a stream. They said he would get sick. The realtors said ignore them and they finally got the better enclosure for Keiki.
When Keiki came to the open door, it was a tense hour as the realtors watched through the glass. He looked out for a long time at his new world. Then slowly he walked over to the stream and sat down. He looked at his face for the first time and then he looked up at the sky. After a long while he walked over to the glass and looked at his realtors. Then he buried his arm deep into the sand and pulled out a giant chunk of concrete. The realtors gasped. They had told the contractors not to leave any debri. Keiki held the concrete high in the air over his head brandishing it at the realtors. In the end he threw it down and turned away. He walked back to the stream and lay on his back. The other gorillas. came running out and surrounded Keiki. The baby started playing on his stomach. The new world was a success.
The realtors breathed a huge sigh of relief. Hug your realtor today – he or she is working very hard for you!
To hear the real story on NPR…