It can be pretty intimidating to dip your toes into the realm of home ownership, especially if you’re a first-time homebuyer. To make things worse, there are a number of myths floating around out there surrounding the home buying process.

Such misconceptions have many kept many would-be homeowners from realizing the personal and financial rewards of owning a property. To clear things up, here are 4 myths about buying your first home that simply aren’t true.

Myth #1 – “It’s Cheaper To Rent Instead Of Own“

If you buy a property that is within your budget and your mortgage terms allow you to make comfortable monthly payments, the cost of rent can often be higher than mortgage payments.

Sure, there are other expenses associated with owning a property that you wouldn’t be responsible for if you were renting, but one thing that many people forget is the fact that renting does not allow you to build equity.

The ability to build equity into a property that you own is like paying into a savings account – if you buy a home for $200,000, and pay down your mortgage to $175,000 in 5 years, you’ll have $25,000 in home equity that can be tapped into later if you need a lump sum of cash to pay for other large expenses. If you sell your property down the line, any equity that the property has accumulated will provide you with more profit from the sale of the home.

Myth #2 – “Whatever Shows Up On The Inspection Report Is The Seller’s Responsibility“

Most offers on a home usually come with a home inspection condition that makes the offer contingent on the acceptance of a home inspection report by the buyer. Many buyers, however, are under the impression that sellers are responsible for any issues that show up on the inspection report.

Although the seller is required to make certain major repairs as stipulated by the lender, everything is still negotiable. A buyer may ask the seller to fix a minor crack in the basement wall or repair any scuff marks on the hardwood flooring, but the seller can essentially refuse, leaving the buyer with the decision of whether or not to continue with the offer anyway.

Myth #3 – “The Perfect Home Is Out There – I Just Have To Wait For It“

Buyers have a tendency to focus too much on all the little things that may be wrong about a house rather than on the majority of the things that are right. Homes are much like people – they aren’t perfect. Even brand new homes might have a few minor flaws.

The goal of a house hunt is to find the perfectly acceptable home – one that may have a couple of quirks that you can either live with or fix, but is otherwise ideal. An experienced buyer’s agent can help you identify issues that are deal-breakers, and help keep some perspective by separating irritating details from the big picture.

Myth #4 – “I Don’t Need A Real Estate Agent To Buy A House“

Without the proper team behind you – especially if you’re a first-time homebuyer – you could potentially find yourself in a compromised position. Many buyers don’t take the time necessary to shop for an agent who can best represent them in their purchase.

Think about it this way – would you perform surgery on yourself? Do you feel comfortable filing your own income taxes, or do you opt to use the services of an accountant? Being represented by a licensed real estate agent will give you the benefit of professional skills and knowledge, including the ability to find financing and close the deal with your best interests put first.

It’s always in your best interests to have an experienced, knowledgeable agent representing you in a home purchase. With such a major investment on the line, you want to have someone who can help you complete a purchase leaving no stone unturned, and ultimately saving you money – and a lot of headaches.

A professional real estate agent will be able to sort the myths from the reality and make your first home-buying experience a positive one. Contact us today for more information on how you can become the proud owner of your first home!

Filed under: Uncategorized by Julie Woodward
Comments Off on BUSTED 4 Myths About Buying Your Home That Just Aren't True

Our dream homes are often inspired by our own imaginations, from the homes we see in our own neighborhoods or the perfectly designed interiors we see in magazines.

However, sometimes our dream homes can be seen on a much larger scale, operating as the home to some our favorite movie stars. Check out these five amazing movie houses that film buffs commonly lust after!

The Alaskan Mansion in The Proposal: A Colonial Stone Paradise

In the hilarious romantic comedy The Proposal featuring Ryan Reynolds and Sandra Bullock, a gorgeous waterfront house acts as Ryan’s family house in Sitka, Alaska, nestled at the base of the mountains and featuring a pull-up-by-boat-only dock.

Though this house is just as incredible as it was portrayed in the film, its physical location is actually in Manchester, Massachusetts. The mountains were added using special effects, however, this natural stone house is just as lovely as seen in the movie.

The real thing is much more colonial in style, though, and much of the interior as seen in the film was created with a facade to create a more rustic feel.

The Fantastical Great Gatsby Estate: Better Than a Dream

Who doesn’t fantasize about throwing lavish parties in the castle-like mansion that played as Leonardo DiCaprio’s home in The Great Gatsby? Just as it might have been suspected, most of this castle is like something out of fantasy.

This house features an intricate pool, a two-story master bedroom, an incredible library with a winding staircase, and a grand ballroom. 42 different sets were built in Sydney to piece together this ultimate fantasy house.

The Cullen House in Portland, Oregon: A Log House With Style

Actually existing in real life is the magnificent house that was used as the Cullen house in the vampire movie Twilight. As a contemporary, ultra-modern log house – if you can call it that – the Cullen house drops jaws with its floor-to-ceiling windows that open it to its natural, woodsy surroundings.

The contemporary and beautifully designed interior is just as jaw-dropping, which was all completed in 2007 – just in time to make it to the big screen.

Sex and The City’s Real Estate Heaven

When Carrie walks into her soon-to-be apartment and exclaims “I think I’ve died and gone to real estate heaven!” we know that many of the women (and men) in the audience agreed.

Many of the interior sets were shot at Silvercup Studios in Queens, including the incredible entry and heavenly closet that Big builds for Carrie. Still, real or not, there’s no reason why you can’t aspire to reach this level of real estate heaven or own the closet of your dreams.

The Classic American House In Mr. & Mrs. Smith

The movie that can never be forgotten, which sparked Brad Pitt and Angelina Jolie’s controversial – and lasting – relationship, is also one that presents a traditional American home that many lust after.

The house that plays as the family home to Mr. and Mrs. Smith resides in Pasadena, California, and offers many modern and contemporary design features. The home has many glass chandeliers, all of which are eventually destroyed in the characters’ “falling out.” Still, this movie house is a great source of inspiration for interior designers everywhere.

Wherever you get your inspiration from for your perfect dream house, knowing it’s a possibility is the most important thing. With your real estate agent on the lookout for you, it’s not only a possibility, it’s a high probability! Don’t wait any longer; contact a real estate agent today to find a piece of real real estate that will make you feel like a movie star.

Filed under: Uncategorized by Julie Woodward
Comments Off on Living The Dream: Five Amazing Movie Houses That We Wish We Lived In

Last week’s economic reports provided rays of light as compared to the recent slump in positive economic news.

Unusually severe winter weather conditions affected housing-related indicators as home builders and home buyers stayed on the sidelines.

With spring on the horizon, last week’s economic news showed welcome signs of growth.

Job Openings Up, New Jobless Claims Fall

Employment is a major factor in the decision to buy a home; would-be home buyers received a vote of confidence last week as January’s job openings increased by one million to 40 million as compared to December’s reading of 39 million job openings.

February’s reading will likely reflect a lull in activity due to winter weather conditions in much of the U.S.

Weekly jobless claims fell from 324,000 to 315,000. The Bureau of Labor Statistics reported expectations of 330,000 new jobless claims, so the latest report was good news.

Weekly reports are more volatile than monthly statistics; analysts typically track employment trends by reviewing rolling averages of several weeks’ new jobless claims data.

Mortgage Rates, Retail Sales Rise

Freddie Mac reported that average mortgage rates rose last week. The rate for a 30-year fixed rate mortgage rose by nine basis points to 4.37 percent. 15-year fixed rate mortgages had an average rate of 3.38 percent; this was an increase of six basis points

The average rate for a 5/1 adjustable rate mortgage was 3.09 percent, up from the previous week’s reading of 3.03 percent.

Discount points dipped from 0.70 to 0.60 percent for a 30-year fixed rate mortgage, were unchanged for 15-year and 5/1 adjustable rate mortgages at 0.60 and 0.40 percent.

Retail sales increased for the first time in three months according to the Commerce Department.

February retail sales surpassed expectations of a 0.20 percent gain and came in at 0.30 percent. January figures were downwardly adjusted to -0.60 percent. Retail sales exclusive of automotive sales were also higher at 0.30 percent than expectations of 0.10 percent.

The University of Michigan Consumer Sentiment index for mark was slightly lower at 79.9 than expectations of 80.8.

This was the lowest reading in four months, and was attributed in part to higher gas prices and consumer concerns over developments in Ukraine.

What’s Coming Up

This week’s economic news includes several housing-related reports.

The NAHB Home Builder Index for March, Housing Starts and Building Permits for February, and Existing Home Sales are set for release.

On Wednesday, the Fed’s FOMC statement will be released and Fed Chair Janet Yellen will give a press conference. The Fed is expected to continue its ongoing tapering of quantitative easing.

Leading economic indicators will be released along with the Weekly Jobless Claims report and Freddie Mac’s Primary Mortgage Market Survey.

Filed under: Uncategorized by Julie Woodward
Comments Off on What's Ahead For Mortgage Rates This Week – March 17, 2014

You’re ready to make some changes to your home, but you want to be smart with your money and see a positive return on your investment.

While most homeowners don’t see that return until they sell their home, you can start seeing the benefits now through conserving energy by making your home green.

So in honor of the upcoming green holiday, stop searching for that pot of gold. Get inspired by St. Patrick’s Day to go green to cut your energy costs with the environmentally friendly renovations below. You’ll soon see the savings building up at the end of the rainbow.

Instead of chopping down more green for your floors, reclaim wood that’s already been cut. While prices vary depending on they type of wood and how it was transformed, you can get a unique look and conversational piece that no one else will have.

Just think, you could be standing on the Jackson’s old barn or a dismantled ship.

Install a low-flow toilet, which according to www.ConsumerReports.org could save you money. Older toilets use about 3.5 gallons per flush, while newer low-flow toilets can use less than 1.3 gallons.

If you don’t want to dish out the dough for a new toilet, then add pebbles or a sealed water bottle into the back tank to displace water and reduce consumption.

This is something you can easily do on your own. Purchase a programmable thermostat at any home improvement store for around $50, shut off power to the room you’ll be replacing it in, unscrew your old one and connect the wires to the new one.

Finished! Now you won’t have to worry about remembering to turn the air down at night and you’ll save money monthly.

If your refrigerator or dishwasher is more than 10 years old, then consider replacing them with newer energy efficient models. Look for appliances that have Energy Star labels, as these machines have passed strict energy requirements.

While this upgrade might cost you up front, you’ll quickly be saving energy and leaving more green in your bank account. Don’t get pinched this St. Patrick’s Day! Instead of just wearing green, surround yourself in it by making environmentally friendly renovations.

By taking your home green, you’ll reduce your energy usage and see savings in your monthly bills!

Filed under: Uncategorized by Julie Woodward
Comments Off on Make Your Home Green This St. Patrick's Day

So you’ve found the perfect home, but there’s just one problem: the kitchen isn’t as big as you’d like it to be. At first glance, a smaller kitchen might seem like a deal-breaker, especially if you love to cook.

With a few space-saving design tricks, though, you’ll have all the space you need and then some. It’s all about making the most of what you’ve got. Here’s how you can turn even the smallest kitchen into an efficient cooking and dining space.

Fill Up The Walls: There’s Ample Storage All Around You

Walls are a surprisingly underused surface area in most kitchens. From spice racks to towel racks to magnetic knife boards, walls can offer a wealth of space options. Ditch the bowl fruit painting and throw up some hooks and shelves.

Not only will everything you need be within reach, you’ll open up more space in your cabinets and on your counters. For the gadget obsessed, rack storage will give you the chance to show off your nifty kitchen gadgets.

Repurpose Your Corners with Shelving And Other Amenities

In a small kitchen, sufficient counter space can be hard to come by. While knife blocks and spices racks tend to encroach on what little space is available, not all space saving designs are about reclaiming lost space. Sometimes it’s about repurposing forgotten spaces like corners.

Most homeowners dismiss the corners of their kitchens, thinking the space is too awkwardly shaped to be of any real use. Take advantage of corners by installing clever storage like a lazy Susan system for under the countertop, built-in shelving for above the counter, or for a really creative update, dedicate the corner to an invaluable feature like the kitchen sink.

Hang Your Pots and Pans

Pots are bulky and often difficult to store without taking up several cabinets. A circular pot rack mounted to the ceiling allows you to take advantage of the height of your kitchen in the open space right above your head. In fact, pot racks can be used to store all kinds of cookware and cooking utensils that are too cumbersome to store in drawers, like ladles and colanders.

Placing a rack in the empty space above an island or by the stove can provide excellent storage space and easy accessibility. Ceiling and wall-mounted pot racks often have hooks to hang your cookware from, so make sure you mount yours in a place that doesn’t force visitors to navigate an aerial obstacle course just to make it to the sink.

Invest In A Rolling Tea Trolley

Kitchens with very limited counter space can gain an extra work area as well as storage space with a tea trolley. A mobile work surface means to you can roll it anywhere in your kitchen to do your dicing and slicing, and then store it away when you’re done. Add multiple shelves to the trolley to create even more storage.

There’s no need to be discouraged by a cozy kitchen. Not only can these space saving tricks help you gain extra space, they can also give you the chance to explore new ways to express your personal style.

For more advice on homeownership and making the most of your home’s various features, or to find your next home, contact a real estate professional today!

Filed under: Uncategorized by Julie Woodward
Comments Off on Kitchen Space Saving Designs To Maximize What You've Got

Are you working on decorating your home? Perhaps you want to spruce up your decor, but you aren’t sure where to start. Where can you find inspiration for your home decor, besides the obvious home decor magazines and websites?

Here are some fun and creative ideas that will inspire you when designing your decor:

Luxury Hotels

The next time you go on a vacation, you can find decor inspiration at your hotel. Most hotel rooms in mid-range to luxury hotels have beautiful, comforting and understated designs, so take photos if you find something that you like.

Perhaps you can invest in plush throw pillows for your bed, a sleek bed table lamp or thick white towels for your bathroom to recreate the look of a luxury hotel.

Art Galleries

Take a walk around your local art gallery and see if you can find some inspiration there. Perhaps the harmonious colors of Impressionist paintings or the angular shapes of Cubism will inspire you to add visual interest to your decor.

You might not be able to afford an original Picasso or Monet, but you can always order prints of your favourite artists online and add art to your home on a budget.

The Beauty Of Nature

Another place to find beauty and inspiration is from Mother Nature herself. Take a walk outside in the country and take some photos of what you encounter.

Perhaps you will be inspired to paint your walls a shade of green just like the spring leaves, or create a centrepiece for your table made from pinecones.

Fashion Design

You can also find inspiration from the colors, textures and patterns that are popular in the world of fashion design. Look at magazines, fashion shows and advertisements to see what colors and styles are popular at the moment.

If you love the look of a certain item of clothing, think about how you can incorporate that color, texture or pattern into your decor.

If you have an open mind, you can find inspiration for your home decor all around you. These are just a few ideas to get you started, but of course there are many other sources of inspiration out there.

For more info and tips regarding your home, contact your trusted real estate profesional.

Filed under: Uncategorized by Julie Woodward
Comments Off on Where To Find Inspiration For Your Home Decor

Last week’s economic news included construction spending and the CoreLogic Home Price Index for January.  Reports for February included ADP Employment, Non-Farm Payrolls and national unemployment data.

The Federal Reserve’s Beige Book report and weekly reports on mortgage rates and new unemployment claims rounded out the week’s economic news.

Highlights for last week include:

Consumer spending gained 0.40 percent for January. The expected reading was 0.20 percent and the reading for December was flat.

The Commerce Department reported that increased spending was less an indicator of consumer discretionary spending than an indicator of high utility costs caused by severe winter weather.

Construction spending ticked upward in January with gain of 0.10 percent as compared to expectations of -0.40 percent and the prior month’s reading of 0.10 percent.

January’s reading translates to a seasonally adjusted annual figure of $943.1 billion.  

Federal Reserve: Winter Weather Obscures Accurate Economic Outlook

According to the Fed’s Beige Book report, much of the U.S. economy was impacted by severe winter weather. The report is based on anecdotal information provided by business contacts and industry leaders throughout the 12 regions of the U.S. Federal Reserve System.

Eight regions reported slow economic growth. Janet Yellen, chairwoman of the Fed, noted that winter weather was not expected to alter the Fed’s plan to continue reducing its asset purchases under its quantitative easing program. She also said that it may be months before accurate economic readings can be obtained in the aftermath of winter weather conditions.

Freddie Mac’s Primary Mortgage Market Survey brought good news on Thursday as mortgage rates fell across the board and discount points were also lower in most cases.

Average mortgage rates were down nine basis points for a 30-year fixed rate mortgage at 4.28 percent. The average rate for a 15-year fixed rate mortgage was 3.32 percent, a decrease of seven basis points.

The rate for a 5/1 adjustable rate mortgage was 3.03 percent, down by two basis points from the prior week. Discount points were unchanged for 30-year fixed rate mortgages at 0.70 percent, but dropped to 0.50 percent for 15-year fixed rate mortgages and 0.40 percent for 5/1 adjustable rate mortgages.

Employment Sector: Surprise Results

The ADP payroll report showed a reading of 139,000 jobs added in February as compared to the prior month’s 127,000 jobs. ADP tracks private sector jobs. The BLS released its Non-Farm Payrolls report for February, which also surpassed expectations.

175,000 jobs were added against expectations of 140,000 jobs added and January’s reading of 129,000 jobs added. The national unemployment rate rose to 6.70 percent against an expected drop to 6.50 percent from January’s reading of 6.60 percent. Once again, foul weather was seen as a major influence.

What‘s Ahead This Week

This week’s economic news schedule is relatively light with no releases set for today.

Mortgage rates will be released by Freddie Mac on Thursday, along with weekly jobless claims. Retail sales and the University of Michigan consumer sentiment index round out next week’s schedule. 

Filed under: Uncategorized by Julie Woodward
Comments Off on What's Ahead For Mortgage Rates This Week – March 10, 2014

There is a fine line between adding color to your home decor and using too much color, so that you feel like you are living inside a rainbow.

A little bit of color will add a lot of fun and interest to your home design, but too much color can be overwhelming. How can you achieve that perfect balance?

Here Are Some Tips To Keep In Mind For Using Color In Your Home In A Subtle And Balanced Way:

• Use Color Schemes

Before choosing the colors for your decor, do a little bit of research into color schemes and how they work, so you know how to combine colors harmoniously.

For example, you can choose a complementary color scheme with shades that are across each other on the color wheel – such as blue and orange or purple and yellow.

Or you could try an analogous color scheme, which is a scheme where the colors are next to each other on the colour wheel – such as blue, green and purple.

• Use The 60/30/10 Rule

This is a rule that interior decorators use in order to use colors in a balanced way. Use the dominant color on 60% of the room, so that it will create a unifying look.

Then, use the secondary color on 30% of the room in order to add visual interest. Lastly, use an accent color for 10% of the room to add that little extra.

For example, you might use the dominant color for the walls and carpet, the secondary color for the upholstery and the accent color for some pillows, a wall hanging or a throw rug.

• Try An Accent Wall

Perhaps you have found a gorgeous paint color, but it’s just a little too bright and overwhelming to use for all four walls of a room.

In this case, you can simply paint one wall with the color and the other walls with a neutral tone, so that you can enjoy the shade without it being overpowering.

You could also simply use the color in one aspect of the room, such as the baseboards or the door jams.

These are just a few of the ways that you can incorporate color into your home design, without it being overpowering. For more information, call your trusted real estate professional.

Filed under: Uncategorized by Julie Woodward
Comments Off on How To Add Color To Your Home Decor Without Going Overboard

These gray, dreary winter days can really sap your energy and dull your enjoyment of life. To survive the winter doldrums, brighten your home.

Use These Easy Tips:

1. Open your home’s window treatments during the day to let the light brighten and warm your room. Close them again as soon as night falls to retain heat.
2. Brighten dark rooms with few windows by placing spotlights on the floor behind furniture.
3. Add a mirror. Wherever a mirror reflects light in a room, it visually doubles that light.  Place a mirror opposite a window to immediately brighten your space. No window?  Hang a large mirror above a console table and place a pair of lamps in front of the mirror.
4. Install higher watt bulbs in rooms that tend to be dark.
5. Eliminate dark corners by adding recessed lighting.
6. Use full spectrum lighting in areas where you read, knit or do other up-close work.
7. Lighten living areas with colorful throws and pillows.
8. Lift the winter blues by adding flowers and plants to your decor. Colorful indoor blooming plants include the African violet, Cyclamen, Orchid and desert cactus.  Use tropical flowers to transport yourself mentally to climates where the sun always shines.
9. Do A Little Winter Cleaning:
   1. Wash the inside of your windows. Fireplace and candle soot coats windows with a dingy film that blocks the sun.
   2. Polish your furniture. Shiny furniture reflects ambient light.
   3. Wash ceiling light fixtures in soapy water. Light is muted when filtered through dirty light fixtures.

Lighting can change how you (and potential buyers) feel about your home. It’s one of the easiest and least expensive ways to quickly improve the ambiance of your home.

If you’d like to sell your home, I can help. Contact your real estate professional today.

Filed under: Uncategorized by Julie Woodward
Comments Off on Winter Blues, 9 Easy Ways To Brighten Your Home And Your Spirit

One of the important aspects of owning a home is having the knowledge of how to keep it maintained to avoid costly repairs and serious damage. Over the years weather and use will wear down both the interior and exterior of your property.

If you are able to practice preventative care on your home, then you will prolong the life of all of its systems and components. At least every six months or so, you should be performing an inspection of your property so that you can ensure that it is still functioning properly and safely.

What should you be looking for when it comes to preventative home maintenance?

Here are a few important pointers to keep in mind:

Pests and Insects

Check your home thoroughly for any insects and unwanted pests such as carpenter ants and termites. Make sure that there is no point where the wood of your home is in contact with the soil and trim away and bushes and trees away from the foundation of the property.

If you can catch the infestation right away, it could save you thousands of dollars on repairing future structural damage.

Windows and Doors

Take a close look at the windows and doors of your home to see if you need to repair any leaks to save energy. A draughty door or window can really add to your energy bill over time, so it will be worth it to ensure that everything is sealed properly.

Gutters and Downspouts

Another important home maintenance task is to go around the exterior of your home and clean out all of the debris from your downspouts and gutters. This will ensure that they are draining properly and moving water away from the house. Otherwise, the water can collect on the eaves of the roof or around the foundation and cause leaks and damage.

Check the Roof

Make sure that you also inspect the roof at least every six months. Look for any loose shingles or damaged roof tiles. If you spot any damage early, it will be a lot less expensive to fix than the water damage that would be caused in your attic by leaving a leaky roof for a long time.

These are just a few of the most important preventative home maintenance tasks that every Port Aransas property owner should know. For any additional questions regarding your home maintenance, feel free to contact your trusted local real estate professional. 

Filed under: Uncategorized by Julie Woodward
No Comments »