Tami Savage, Realtor

Your Key to a New Lifestyle

Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC]

By Tami Savage

Pop Quiz: Can you define these key terms in today's housing Market? Source: First American, NAR, FTC

Some Highlights

  • The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today’s market can help you. For example, current low mortgage rates and higher wages positively impact affordability for buyers, while home price appreciation continues to grow home equity, which sellers can use to fuel a move up.
  • Terms like appraisal (what lenders rely on to validate a home’s value) and contingencies (which buyers can minimize to make their offer stand out) directly impact the transaction.
  • You don’t need to be fluent in the language of the market to buy or sell. Instead, let’s connect today so that we can translate the process together.

Experts Agree: Options Are Improving for Buyers [INFOGRAPHIC]

By Tami Savage

Experts Agree: Options are Improving for Buyers.

Some Highlights

  • Buyers hoping for more homes to choose from may be in luck as housing inventory begins to rise. Many experts agree – new sellers listing their homes is great news for buyers and the overall market.
  • Although the supply increases are modest, more homes means more options for buyers. A rise in inventory may also help slow the price gains we’ve seen recently and could be a sign of good things to come.
  • If you’re searching for a home, rising inventory is welcome news. Let’s connect today to discuss new listings in our area.

Your Home Equity Can Take You Places [INFOGRAPHIC]

By Tami Savage

Your home equity can take you places. The amount of wealth americans have stored in their homes has gone up astronomically. Source: CoreLogic

Some Highlights

  • The amount of wealth Americans have stored in their homes has increased astronomically.
  • On average, homeowners gained $33,400 in equity over the last 12 months, and the average equity on mortgaged homes is now $216,000.
  • When it’s time to sell, your home equity can help accomplish your goals. Let’s connect to discuss how you can take advantage of today’s sellers’ market to get the most out of your home sale.

Homebuyers: Hang in There [INFOGRAPHIC]

By Tami Savage

Homebuyers: Hang in There! Today's sellers' market provides unique challenges - and benefits - for buyers. 1. The long-term benefits outweight the short-term. 2. Today's low interest rates won't last forever. 3. Experts agree: home prices are forecast to rise. 4. Homeownership improves quality of life. Here's why you should stick with it. Sources: Freddie Mac & Home Price Expectation Survey

Some Highlights

Owning a Home Has Distinct Financial Benefits Over Renting [INFOGRAPHIC]

By Tami Savage

Rent vs Own: Owning a home has distinct financial benefits over renting. When you rent: you buildyour landlord's wealth, your monthly payment depends on ever-rising rents, you don't benefit from home price appreciation. When you own: you build your own wealth, your monthly payment is locked in, you benefit directly from home price appreciation. If you're feeling the challenges of a competitive market, remember that homeownership is a long-term game. Preserving today will lead to financial rewards in the future. Source: Census.

Some Highlights

  • When you rent, you build your landlord’s wealth, your monthly payment depends on ever-rising rents, and you don’t benefit from home price appreciation.
  • On the other hand, when you own your home, you build your own wealth, your monthly payment is locked in, and you benefit directly from home price appreciation.
  • If you’re feeling the challenges of a competitive market, remember that homeownership is a long-term game. Persevering today will lead to financial rewards in the future.

Have Your Day in the Sun by Moving Up This Summer [INFOGRAPHIC]

By Tami Savage

Have Your Day in the Sun by Moving Up This Summer. Longer days and sunny weather mean summer is upon us, and what better conditions than right now to upgrade to the home of your dreams?

Some Highlights

  • Longer days and sunny weather mean summer is upon us, and what better conditions than right now to upgrade to the home of your dreams?
  • If your needs have changed, it’s a great time to upgrade – there’s likely high demand for your current house, and today’s low mortgage rates can help you afford your dream home.
  • If you’re ready to upgrade to a home that matches your changing needs, let’s connect today.

Let’s Connect

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