2020’s 11 Hottest Paint Colors!

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Color evokes mood and powerful emotions. What’s the latest trends in paint colors and who are the top brands to look out for?! Check out this list and be create using color in your home in a way that you may not have thought of.

 

1.     Sherwin Williams: Naval

2.     PPG: Chinese Porcelain

3.     Pantone: Classic Blue

4.     Behr: Back to Nature

5.     Benjamin Moore: First Light

6.     HGTV Home by Sherwin Williams: Romance

7.     Graham & Brown: Adeline

8.     Dunn-Edwards: Minty Fresh

9.     Pratt & Lambert: Songbird

10.   Kelly Moore: Sun God

11.   Valspar: 12 Nature-Inspired Colors

 

Source: https://www.nar.realtor/blogs/styled-staged-sold/2020s-hottest-paint-colors-which-is-your-favorite

How To Prepare for House-Hunting

House-hunting can be a daunting process at times. Here are seven ways to make the experience a positive one, less overwhelming and more successful for you and your family!

Screen Shot 2020-01-17 at 11.25.03 AM1. Know that there’s no “right”time to buy.

If you find the perfect home now, don’t risk losing it because you’re trying to guess where the housing market and interest rates are going. Those factors usually don’t change fast enough to make a difference in an individual home’s price.

2. Don’t ask for too many opinions.

It’s natural to want reassurance for such a big decision, but too many ideas from too many people will make it much harder to make a decision. Focus on the wants and needs of the people who will actually be living in the home.

3. Accept that no house is ever perfect.

If it’s in the right location, the yard may be a bit smaller than you had hoped. The kitchen may be perfect, but the roof needs repair. Make a list of your top priorities and focus in on things that are most important to you. Let the minor ones go. Also, accept that a little buyer’s remorse is inevitable and will most likely pass.

4. Don’t try to be a killer negotiator.

Negotiation is definitely a part of the real estate process, but trying to “win” by getting an extra-low price or refusing to budge may cost you the home you love.

5. Remember your home doesn’t exist in a vacuum.

Don’t get so caught up in the physical aspects of the house itself that you forget about important issues such as noise level, access to amenities, and other aspects that also have a big impact on your quality of life.

6. Plan ahead.

Don’t wait until you’ve found a home to get approved for a mortgage, investigate insurance, or consider a moving schedule. Being prepared will make your bid more attractive to sellers.

7. Choose a home first because you love it; then think about appreciation.

A home is still considered a great investment, but its most important role is as a comfortable, safe place to live.

Source: https://magazine.realtor/sales-and-marketing/handouts-for-customers/for-buyers/how-to-prepare-for-house-hunting

5 New Year’s Resolutions That Can Help You Buy a Home

Screen Shot 2020-01-10 at 12.00.37 AMYou’ve been dreaming about buying a house, but not sure you have everything in order needed to obtain a mortgage? Buying a home is a financial responsibility and will require approval from a lender.

Fear no more. Below are 5 New Year’s Resolutions that can help you get yourself in a good place to make a favorable impression to those holding the key, so to speak. Good luck!

1. Job hopping

Employment history and income are two of the biggest factors lenders look at when evaluating a mortgage application. A new job may be a good career move, but if you plan to buy a home in the new year, know that job hopping can be a red flag to some underwriters — especially if you’re moving to a different industry.

2. Monthly subscriptions can add up!

Monthly subscription services are certainly convenient, but they can add up. Even if you pay off your credit card every month, you could be dinged for high credit utilization if your credit report is pulled midcycle. If you’re thinking of buying a home this year, consider keeping your monthly subscription services to a minimum.

3. Your credit history counts

One of the first things a lender will look at is your credit history. Lenders prefer borrowers who have a history of paying off credits cards and other debts on time — because it signals that you’re a responsible borrower and less of a risk.

4. What’s your credit score?

Your credit score can have a significant impact on your ability to buy a home. A low credit score can negatively affect how much money a lender is willing to loan you, as well as your interest rate.

5. Avoid large purchases

Avoid taking on large amounts of debt — whether it’s buying a car or planning a large vacation — before buying a house. This is advisable even if you’re already preapproved.

Source: https://www.zillow.com/blog/resolutions-can-help-buy-home-2018-224008/

Is 2020 the right time to sell your house?

Screen Shot 2020-01-02 at 1.17.35 PMThe value of household equity in real estate has more than doubled since the 2012 housing crash! This number is according to the Federal Reserve. CoreLogic, a real estate data firm, reports that among households with mortgages, equity is at a record high. So, that’s great news, right?!

Well, nothing is 100%, but what you can count on is that right now there are key housing-market drivers that point to 2020 being a fantastic time to sell your home!

It’s expected that the economy will continue its upward mobility in 2020. In a recent survey with over four-dozen economists, less than one in five expected a recession to start by mid-2020. But after that, trouble may be on the horizon. In 2021, the same group predicts a 70% chance there will be in a recession. No one expects the same crash of a decade ago, but even a lesser recession can make it challenging to sell a home. Home values may become stagnant, due to rising unemployment. In a tough job market, people don’t typically have buying a new house on their minds.

Even if we get by the next few years without a recession, mortgage interest rates are also in a seller’s corner right now. Buyer demand is predicated on mortgage rates. The average interest rate in the fall of 2018 on a 30-year fixed-rate mortgage had risen to almost 5%. In this scenario buying is more expensive, causing demand to slow a bit. Currently, the 30-year fixed rate is back down to 3.6%. That’s very enticing for the buyers you want fighting over your home!

If you have the flexibility to consider a sale sooner than later, 2020 may be the right time for you. With eight years of a strong rebound in home values throughout the country, this could be a smart way to make a profit and move on! 

Source: http://digitaledition.orlandosentinel.com/infinity/article_share.aspx?guid=a8cc1ab7-68cd-42dc-8697-ffb8654938a4

Where will mortgage rates land in 2020?

Trying to predict where rates will be next year is tricky business. There are many factors that drive them up or down. Many homeowners and house shoppers, however, do look for guidance as the year comes to an end.

Screen Shot 2019-12-27 at 10.26.15 AMAs of now, 2020 rates for a 30-year fixed mortgage are forecasted to remain near today’s historically low levels. Freddie Mac and Fannie Mae are expecting rates to average around 3.6% to 3.7% throughout 2020.

Folks want to know if they should secure a low rate immediately on a purchase or refinance… Or wait it out for the calendar year to change hoping for lower rates still in 2020?

The Mortgage Bankers Association – a highly respected national group that represents the real estate finance industry – anticipated an average rate of 3.9% next year. That’s a slightly higher number than now, but still a very low rate. A 30-year fixed-rate began 2019 at around 4.51%.

So even though it’s unlikely the rates will drop significantly in 2020, the nominal uptick still makes the New Year a good time to buy. For current owners you may want to think about refinancing to lock in these favorable rates – just incase!

Source: https://www.dallasnews.com/sponsored/real-estate/2019/11/23/experts-predict-where-mortgage-interest-rates-land-in-2020/
http://www.freddiemac.com/research/forecast/20190617_positive_impacts.page
Photo – freepik.com

7 Great Reasons to Purchase Your Own A Home

7 Great Reasons to Purchase Your Own A Home

moving_600x400For those of us who have rented for a while, often there comes a time when we wish to purchase a home. There are so many great reasons, too many to list here. Below are several that just may persuade you to make the leap and in the end you’ll be very happy you did!

 

  1. Joy of Ownership. This one tops our list as the number one reason to own. When you are the “landlord”, it’s no longer just a place to sleep; it’s where you spend time with your loved ones, fix it up the way you like and plan to stick around for a while.
  2. A Great Investment. Beyond loving where you live and it being yours (no landlord yay!), there is the benefit of appreciation in value. The market may have it ups and downs, but over the years, real estate has consistently appreciated. The Office of Federal Housing Enterprise Oversight tracks the movements of single-family home values across the country. Its House Price Index breaks down the changes by region and metropolitan area. Many people view their home investment as a hedge against inflation.
  3. Tax benefits. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, and some of the costs involved in buying a home.
  4.  Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.
  5. Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.
  6. Predictability. Unlike rent, your fixed-rate mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will likely increase.
  7. Stability. Remaining in one neighborhood for several years allows you and your family time to build long-lasting relationships within the community. It also offers children the benefit of educational and social continuity.

 

Sources:
Photo designed by Freepik.com
https://magazine.realtor/sales-and-marketing/handouts-for-customers/for-buyers/7-reasons-to-own-a-home 
https://www.thebalance.com/eight-reasons-to-buy-a-home-1798233

The Pros and Cons of selling your home during the holidays!

It’s a busy time of year. Folks often ask is it a good idea to put my house up for sale during the holidays, or should I wait? Below are some pros and cons for selling during the holiday season that may help you make the right choice.

FORSALE2Pros

  • You are a serious seller Keep it on the market during this festive time because the buyers will know you are serious.
  • Reduced inventory – over the holidays generally means less competition. If you live in an area with a milder climate, you will benefit from the lack of inventory on the market through the holidays.
  • The hard-to-sell home – With the reduced inventory your house will be at the top of the list instead of the bottom.

Cons

  • Lowball Offers Buyers might try to negotiate, or give you a lowball offer thinking you are desperate.
  • Inconvenient  Not everybody wants to keep his or her house spic and span when cooking, wrapping gifts, and throwing parties.
  • Smaller Inventory ­ You’re appealing to a much smaller inventory of buyers who have specific needs that your home might not match.
  • Difficult to Close It’s almost impossible to close a financed transaction in December if the offer is received mid-month. Buyers who want to close after the New Year will probably make offers in January.

Tip: As a general rule, Minimizing decorations will make your home feel larger and keep the house looking tidy. When buyers enter your home, you want them to imagine putting their furniture in each room, making it theirs, and they can’t do that if your holiday decorations dominate the stage.

We are here to help! Contact us and let’s chat about selling your home this holiday season!

Sources: https://www.thebalance.com/selling-your-home-during-the-holidays-1799068
https://www.hgtv.com/design/real-estate/top-10-tips-for-selling-your-home-during-the-holidays

4 Unexpected Things Totally Grossing Out Your Holiday House Guests

Having guests over for the holidays? There are four things around your home that are probably going to gross them out if you don’t take care of them now. Good news is that there is still plenty of time before Thanksgiving! Check out the list below!

  1. Your Shower Curtain Liner. Quick – check your shower curtain liner! If you have a guest bathroom, there’s a good chance you never use this shower yourself so you probably don’t know what the inside of this shower looks like. Is it discolored or full of mildew? If so, it’s time to clean it! No one wants to take a shower with a yucky liner.
  2. Pet Hair and Pet Smells. No one wants to sit on a couch covered in pet hair! And walking into a home that smells like a wet dog is a huge turnoff. To get rid of pet hair, vacuum (including couches!) and use a rubber glove to wipe surfaces. Check out more ways to get rid of pet hair here. . And for tips on how to remove that pet smell? Check this out! 
  3. Old Sponges. Cleaning up after a delicious dinner prepared for your guests with an old, ratty sponge is beyond disgusting.  Plus, research has shown that kitchen sponges contain more active bacteria than anywhere else in the house—including the toilet. YUCK. Get a new one to use before your guests arrive.
  4. Dirty Microwaves. Food splattered microwaves that smell like yesterday’s leftovers will totally gross out your guests. If there is dried on gunk that you can’t wipe away, fill a microwave-safe bowl halfway with water and add one tablespoon of white vinegar and microwave on high for 5 minutes. It will loosen the gross stuff and you’ll be able to wipe it away.

Holidays are about enjoying time with your family and friends. Not grossing them out!

Associated Real Estate Wins “Best of Tehachapi” Awards!

We are so thrilled to announce that Associated Real Estate has won THREE “Best of Tehachapi” Awards for 2019.

BEST in Real Estate Office
BEST in Property Management
BEST in Realtor – Josh Riley

And as a wonderful bonus, we were also voted a Favorite for Employer!

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We are so honored to win these awards and are so appreciative of everyone who voted. Taking the time to vote and help us win these awards means a lot to our local, family owned company.  Congratulations to all of the other Best of Tehachapi winners as well!

If you or anyone you know are looking to buy, sell or rent in Kern County or Antelope Valley, trust the BEST Real Estate Office and the BEST Property Management company in Tehachapi!

TNI Best Of logo 2019 Best Of favorite logo 2019

3 Spooky Myths Holding You Back From Buying a Home

If you’ve been thinking about purchasing a home for a while, what’s holding you back? If you are like a lot of potential buyers, it could be these common misconceptions. Check out these common concerns and why you shouldn’t be afraid of them below!

Spooky Myth #1: “I need a 20% down payment to purchase a home.” Buyers often overestimate how much money they need to put down in order to qualify for a home loan. While of course it is better to have a larger down payment, it also makes sense to be putting equity into your new home instead of waiting to purchase until you can make a large payment. If you need to make a lower down payment, look into FHA or VA loans. They allow you to put as little as 3.5% down for a mortgage.

Spooky Myth #2: “My credit score is too bad to purchase a home.” A perfect credit score is not required to purchase a home. If you have a couple dings on your credit report, there is still a good chance you’ll be able to obtain a mortgage. In general, you’ll need at least a 580 credit score to qualify for a FHA loan. Wondering what your credit score is? Learn how to find it here! (link to https://www.consumer.ftc.gov/articles/0155-free-credit-reports)

Spooky Myth #3: “The house I want is too expensive.” There are many different factors behind the scenes that could be motivating a homeowner to sell.  More often than not, most sellers are willing to negotiate on the listing price. Make sure you hire an experienced realtor to help you navigate the home buying process (guaranteed they have some tools to help you have the best chance of getting your offer accepted)!

Are there other factors that are holding you back from purchasing a home? Let’s talk!