Broker Advice

Worst Home-Buying Advice Ever

The Worst Home-Buying Advice People Actually Believe

angel and devil giving advice

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If you’re looking to buy a house, you’re bound to have well-meaning friends and family pull you aside and say, “Let me give you some advice.” After all, they’ve been there, done that. Or they’ve watched an ungodly amount of “House Hunters.”

We know they’re trying to be helpful, but just because people have an opinion doesn’t mean they’re informed. And when it comes to buying a house, that seemingly friendly direction can send you down the wrong path.  Full story..via www.realtor.com

 


Real Estate Titles Explained: Agent, Broker, REALTOR®

In my market which is served by the Seattle King County Association of Realtors, 46% of brokers are Realtors.  Interesting article explaining titles.
If you’re entering the real estate market for the first time, you may find real estate professionals’ various titles a little confusing. Sometimes consumers use these titles interchangeably, but there are some important differences between the roles of the various professionals, as well as different requirements for using particular titles.
Click here for full story..  via www.realtor.com

 


Why Home Buying Is (or Isn't) Like Dating - Real Estate News and Advice - realtor.com

There’s something desperately missing in your life. You decide to do something about it now, and so you sign up for one of a slew of websites that aim to help yearning hearts like yours find a match. You flip through profiles late at night, and certain phrases or well-lit photos make your heart skip a beat. And when you think you may have found “The One,” you figure it’s time to make an assessment in person.

via www.realtor.com


Why the Guy Who Paid Off His Mortgage in 3 Years Isn't as Smart as You Think - Real Estate News and Advice - realtor.com

OK, I must disagree with this article by a lot..  I'm sharing to get the conversation going but I have yet to see anyone who didn't win big by paying off their mortgage.  The argument put forward is that by having a mortgage you will increase your credit score.  In truth a credit score is a debt score, it is the consumers ability to re-pay debt.  Like life insurance, if they call it what it is, no one would want it.  This is straight out of Dave Ramsey.  They also say that by keeping the mortgage you can focus more on your retirement.  Again a false argument.  For almost everyone your biggest asset is your income stream.  By paying off  debt and refocusing your income stream on investment, in almost every case you will be many many dollars ahead.  The other argument I get about paying off the mortgage is that you will lose your mortgage interest tax deduction.  True, however the last time I checked the deduction for charitable giving was the same as for mortgage interest.  Wouldn't you rather give the money to your church or favorite charity instead of the bank?
Want to learn more?  I'm facilitating Dave Ramsey's Financial Peace University beginning in January.  Sign up online at daveramsey.com or call me for details.
Brian
You’ve gotta hand it to Sean Cooper: In a mere three years, this Toronto homeowner made epic sacrifices to pay off a $255,000 mortgage on his $425,000 house. His reason: “For a lot of people, their mortgage is like a life sentence,” the 30-year-old explained to the press. “I just wanted to not have a mortgage hanging over my head.”

via www.realtor.com


5 Surprising Benefits of Country Living, According to Science - Real Estate News and Advice - realtor.com

Ah, country living—fresh air, wide-open spaces, a slower pace of life. What’s not to love? (Once you get used to those really quiet wide-open spaces, that is.) Yet in spite of all those vast acres just waiting for homeowners to stake a claim, country folks are a diminishing breed.

Click here for entire article..  via www.realtor.com