If buying a home is in your plan for this year, doing it sooner rather than later could save you thousands of dollars over the terms of your loan.
Some potential buyers face roadblocks on the road to homeownership. But according to a recent report from Urban Institute, many of those roadblocks are self-created in the form of misconceptions about what it takes to purchase a home. According to the report, a whopping 80% of are either unaware of how much is required for a down payment or believe they need to save 5% or more of the total purchase price in order to make a purchase (with 50% believing a lender either expects or requires a 20% down payment in order to approve a mortgage). This information, of course, is false. There are plenty of lenders out there that will approve loans with either no or an extremely low down payment (in fact, according to the National Association of Realtors' Realtors Confidence® Index , 61% of first-time buyers in 2017 made a down payment of 6% or less.) With so many potential buyers out there operating with false information, it's no wonder so many renters (53%, according to the Urban Institute Report) consider saving for a down payment a major obstacle on the way to homeownership.
If you're considering buying a home but holding back because you don't think you can afford a down payment, do some research. Look for no or low interest payment lending options like FHA loans. The reality of owning a home might be closer (and more affordable) than you think!
According to the 2017 National Association of Realtors Profile of Home Buyers and Sellers, FSBOs remain at an all-time low of a paltry 8%... and for good reason. According to the report, FSBOs typically sell for significantly less than homes represented by an agent. Agent-assisted homes sold for a whopping $60,000 more on average than FSBOs, with a median price of $250,000 compared to FSBOs $190,000. This huge discrepancy is likely behind the vast majority of sellers seeking qualified agents; in 2017, seller's use of real estate agents hit an all-time high of 89%.
But sellers aren't the only ones seeking out agents. Because of historically low inventory (according to Realtor.com's recent Housing Shortage Report, inventory is the lowest it's been in 20 years) and the uncertainty of working with FSBOs, buyers are flocking to real estate agents to assist with their home search, with buyer's use of real estate agents also hitting an all-time high in 2017 if 87%.
Whether you're buying or selling, the best option is always to work with a real estate agent - and the declining presence of FSBOs on the market just confirms it. So do yourself a favor and find an agent.
If you’re a fan of the Star Wars epic, you’ve probably seen the newest trailer for Episode 8, which came out this December 15th. If not, here it is…
When it comes to sci-fi, there are all sorts of fan clubs. There’s plenty of costumes, role playing, and giant Comicon conventions. Each genre has members that live, eat, breathe (probably some other activities I don’t want to mention) around their obsession. But on occasion, you get some fans who create a real marvel with their home. And that’s what you’re about to see now. Behold, the home that transformed into a Star Wars style starship...
Another feature is the automatic pocket doors leading into the theater. Our clients wanted the doors to operate quietly, because doors that go “psssshhhhh” when they open are from Star Trek, not Star Wars. Did you hear that? No? Mission accomplished!http://www.dillonworks.com/theaters/Edit: Reddit user u/Big_Brain_on_Brad posted this article that interviews the homeowners: http://www.electronichouse.com/article/designing_the_death_star_theater/C154/
It belongs to Vic Wertz and Lisa Stevens, who used to run the Official Star Wars Fan Club. They went so far as to commission Doug Chiang, a designer who worked on Star Wars Episode I: The Phantom Menace and Episode II: Attack of the Clones, to help design the theater.
No kidding; this theater is in someone’s house! This is NOT your father's Death Star theater... unless, of course, you happen to be Luke Skywalker. DillonWorks in Mukilteo, WA (near Seattle) fabricated this custom home theater with automatic doors and twinkling star fields.http://www.dillonworks.com/theaters/Edit: Reddit user u/Big_Brain_on_Brad posted this article that interviews the homeowners: http://www.electronichouse.com/article/designing_the_death_star_theater/C154/
CHIANG! - The owners of this residence commissioned Doug Chiang who produced the original concepts for the theater. Who better than a Star Wars designer to design a theater based on the Death Star?http://www.dillonworks.com/theaters/Edit: Reddit user u/Big_Brain_on_Brad posted this article that interviews the homeowners: http://www.electronichouse.com/article/designing_the_death_star_theater/C154/
(The films are projected from a Runco VX5C 3-Chip DLP Projector installed in the back of the room.)