#askpam – Home Value Appreciation

Hi It’s Pam with the Pam Butera Group with another #askpam!

Buying a home is most likely the biggest single investment you’ll ever make. It’s understandable you would want some return on that investment and that means home appreciation.  You just hope that house you bought will be worth more when you sell!  Sadly, there’s no definitive way to predict trends in home values, but there are 4 things you should know about home appreciation before you buy.

#1 – Don’t buy a home you can’t afford now.   That house with the big price tag may appreciated, but that doesn’t mean you should buy it.  Find a house within your budget that meets your needs and don’t think about home appreciation, considering you can’t control that anyway

#2 – Talk to a realtor before making big improvements.  You may think making some big changes will make you big bucks, a realtor will let you know if you are wasting your time and money.

#3 –  Go with the flow and expect the unexpected.  Home appreciation is mostly out of your control, but a new school, grocery store or job growth in your area could raise the value of your home.  While a major weather event, crime sprees or spike in property taxes could lower it.

#4 – Don’t flip.  We watch HGTV too and the idea of flipping houses seems great, but sadly unless it’s truly your passion or your full time job…your flip is more likely to be a flop.

At the Pam Butera Group, we understand buying a house can be a stressful and frightening time but our team is with you from the first handshake to the last signature and beyond.  So let our 25 years of experience work for you.

If you have a question for #askpam.. just tweet us or email me at Pam@pambutera.com

The Pam Butera Group – Urban to Suburban

 

#askpam – Home buyer fear – I’m afraid I can’t afford a home

Hi It’s Pam with the Pam Butera Group with another #askpam!

What’s the number one fear most home buyers have?   “I’m afraid I can’t afford a home”!

So many house hunters are petrified their entire savings account will get sucked into a black hole if they buy a house.    That they will live cash poor.  That their life style will change and no more vacations!!

But in reality, depending on what and where you are buying, you are unlikely to drain your savings account.  There are many loan programs out there that offer down payment assistance and the good news is you don’t have to put 20% down!  The best way to determine how financially ready you are to buy a home is talk to a mortgage lender.

At the Pam Butera Group… we understand buying a house can be a stressful and frightening time, but our team is with you from the first handshake to the last signature and beyond.  So let our 25 years of experience work for you.

If you have a question for #askpam.. just tweet us or email me at Pam@pambutera.com

The Pam Butera Group – Urban to Suburban

#askpam – 3 tips to get organized for the Holidays!

Hi It’s Pam with the Pam Butera Group with another #askpam!

The holidays are fast approaching. Soon your house will be packed for Thanksgiving, but we bet you still haven’t put away your summer stuff.   So here are 3 quick, easy and not time consuming projects that may stop you from pulling out your hair this holiday season.

1) Summer is over, so ditch the flip flops.  Take a look at your mudroom or laundry room and ditch the summer stuff.  Like the beach towels, flips flops, the beach bags.  Pack them away and of course make sure you get the sand out of first.

#2) rotate your kitchen – Just like you do your closet, it’s time do that to the kitchen.  Look in that frig and pantry.  Ditch those condiments that have been in there way too long.  Are there mixers or bowls you don’t use??  Donate them!!  And Clean up all the kids drawings on the fridge and bulletin boards, cuz rest assured more will be coming.

#3) Go drawer to drawer -Literally, we aren’t kidding.  Go drawer to drawer from the kitchen to the bathroom.  Throw out what you aren’t using and if you are  like me I know you have a mascara that is beyond old and probably some nail polish that is dried up!

Spending a few hours here and there may go a long way to make your holidays a little less hectic.

If you have a question for #askpam.. just tweet us or email me at Pam@pambutera.com

The Pam Butera Group – Urban to Suburban

#askpam – 3 tips to get organized for the holidays

Hi It’s Pam with the Pam Butera Group with another #askpam!

The holidays are fast approaching. Soon your house will be packed for Thanksgiving, but we bet you still haven’t put away your summer stuff.   So here are 3 quick, easy and not time consuming projects that may stop you from pulling out your hair this holiday season.

#1) Summer is over, so ditch the flip flops.  Take a look at your mudroom or laundry room and ditch the summer stuff.  Like the beach towels, flips flops, the beach bags.  Pack them away and of course make sure you get the sand out of first.

#2) rotate your kitchen – Just like you do your closet, it’s time do that to the kitchen.  Look in that frig and pantry.  Ditch those condiments that have been in there way too long.  Are there mixers or bowls you don’t use??  Donate them!!  And Clean up all the kids drawings on the fridge and bulletin boards, cuz rest assured more will be coming.

#3) Go drawer to drawer -Literally, we aren’t kidding.  Go drawer to drawer from the kitchen to the bathroom.  Throw out what you aren’t using and if you are  like me I know you have a mascara that is beyond old and probably some nail polish that is dried up!

Spending a few hours here and there may go a long way to make your holidays a little less hectic.

If you have a question for #askpam.. just tweet us or email me at Pam@pambutera.com

The Pam Butera Group – Urban to Suburban

#askpam – Buy vs. Rent

Hi It’s Pam with the Pam Butera Group. This next question may be one of the oldest and most asked questions. Should I buy or rent??
Well, the simple answer and this probably won’t surprise you is… You should BUY!!
But let me tell you why.
First, buying a home is a great investment! After all what other investment can you get a 30 year fixed low interest rate loan for?? So remember, you are already paying for a home whether you own it or rent it, so why not turn it into an investment for YOU instead of paying off someone else’s mortgage.
Secondly and this is BIGGIE. Tax benefits! Homeowners can deduct mortgage interest and property taxes on their tax return. This HUGE savings can often make the cost of owning equal or sometimes even less than renting.
Third, buying is also a forced savings!! It really is! A portion of that mortgage payment goes to the principal. As you pay that down it becomes equity. And when you eventually sell your house, you get that back.
Forth, if you get a fixed rate mortgage your payments won’t change. You will know each month what you owe, versus renters who may be subject to annual increases.
Lastly, let’s not forget creative freedom! Because the house is YOURs, you can decorate the way you want with no worries from the landlord.
At the Pam Butera Group… we understand buying a house can be a stressful and frightening time… but our team is with you from the first handshake to the last signature and beyond. So let our 25 years of experience work for you.
If you have a question for #askpam.. just tweet us or email me at Pam@pambutera.com The Pam Butera Group – Urban to Suburban

#askpam – Renovation Financing

Hi, it’s Pam with the Pam Butera Group…

Did you know there something out there called renovation financing.  It accomplishes TWO needs in ONE loan!

For homebuyers who see a “vision” of a house that’s in less than ideal condition, this will allow you to purchase that home and address the problems immediately after closing.

And for homeowners, those equity loans are tough to get and credit cards are too expensive.  With renovation financing you can upgrade or expand to increase the value all in one loan!

The cost of these renovations is rolled typically into a 30 year mortgage making it very affordable.

It’s just another way to get you into or create the home of your dreams.

If you have a question for #askpam,  just tweet us or email me at Pam@pambutera.comThe Pam Butera Group – Urban to Suburban

#askpam – 5 Essential Rules for Homebuying

Hi, it’s Pam with the Pam Butera Group.
Buying a house is likely one of the biggest financial choices you will make. It can be scary, it can be stressful, especially for first-time buyers.
But there are 5 essential rules to home buying that may help you get ready and stay on track to make that big step.

#1 – Give your finances a checkup. You should get a credit report three to 6 months before you start looking for a mortgage. Dispute anything that looks inaccurate and most importantly make sure you are paying all your bills on time. This will help boost your credit store

#2 – Figure out what you can afford before you start house hunting. Determine how much house you can afford. Figure how what you’ll be able to pay based on your monthly houses income, monthly bills and your planned down payment. And don’t forget about closing costs.

#3 – Go shopping. Start looking around, figure out what your must-haves are. Just how many bedrooms you need, location. We suggest you work with a realtor who will know the inventory and the area to lead you to the best houses.

#4 – Lock down your financing. Talk to a loan officer, pinpoint a lender who will favor your financial strengths. Ask for referrals from trusted real estate agent.

#5 – Close the deal. When it’s finally time to get those keys make sure you do a thorough walk-through of the home before you sign. And make sure you call those utility companies to set everything up.

At the Pam Butera Group, we are with you from the beginning handshake to the final signature and beyond. We can help you find the house you want AND one you can AFFORD! Let our 25 years of experience work for you.

If you have a question for #askpam, just tweet us or email me at Pam@pambutera.com The Pam Butera Group – Urban to Suburban