Rising Interest Rates and Your Home Buying Power

A couple of weeks have passed since the Federal Reserve raised its benchmark interest rate by a quarter point, or 0.25 percent. It’s the fourth time since December 2015 that the Fed has raised interest rates. Projections are that the rates will be increased at least one more time in 2017. The good news behind that is that it means the economy is much healthier. And, despite the increases, the rate is still extremely low by historical standards. But what does it mean for home buyers?

First, don’t panic! While the rate increase will raise borrowing costs for consumers (ie. home buyers) and may impact the price of the home you can afford in order to maintain a monthly mortgage payment that’s within your budget, it doesn’t mean you have to reconsider buying your new home. There are many more factors to consider–such as the trends and sales data an experienced and licensed real estate agent can provide. REALTORs act in their client’s best interest to get them the best deal possible–giving you the information you need so you’ll know what to expect and not be caught by surprise. Let our #1 team help you maximize your purchasing power. Contact us at info@petersenpartners.com today or check us out at www.PetersenPartners.com.

 

 

A Compilation of Recommended Vendors & Service Providers

Are you planning to sell your home this year and need to get it ready to go on the market? Do you need a reliable plumber or electrician? Maybe a tree removal service or home stager? Download your free Vendor Resource Guide here.

Petersen Partners has compiled sources for its Vendor Resource Guide from a select group of REALTOR® colleagues based on personal or client experience. We recommend you do your own research to find the vendor(s) that best suits your needs and situation. We welcome your positive or negative feedback on any of the names contained in this list. Your comments and suggestions will help us achieve our goal of providing the names of the best, most reliable vendors in our area.

Are Your Home And Garden Ready For Summer?

 

Manicured House and Garden displaying annual and perennial gardens in full bloom.

Colorful blooms all over the country are evidence that spring has sprung. It’s time to chase the winter gloom from your home and prepare to welcome summer.

A little seasonal maintenance can go a long way toward ensuring safety and security. Traveler’s Insurance provides a home maintenance checklist to help you do just that:

Indoors:

  • Furnace – clean or replace the filter
  • Fireplace – remove any ash and have the chimney swept
  • Smoke detectors – change the batteries and check that detectors are working
  • Water heater – inspect for leaks or corrosion
  • Air conditioning – have the system checked and tuned by a professional before turning it on for the season
  • Electrical outlets – check outlets and cords for frayed wires or loose-fitting plugs. Fuse boxes and extension cords also should be checked to make sure they are not overloaded.
  • Dryer – Clean lint build-up from the clothes dryer exhaust duct and the space under the dryer. Use a specialized brush to clean out the vent pipe.
  • Windows – Let the sun shine in through clean windows all over the house

Outdoors:

  • Roof – Check for loosened shingles or any damage from snow or ice, and make repairs now to reduce the possibility of leaks
  • Gutters: Clean leaves and debris from gutters and downspouts to keep water flowing and reduce the possibility of water damage
  • Trees: Visually inspect trees for damage or rot and remove, or have professionally removed, any dead trees or limbs. Be sure all healthy trees and bushes are trimmed and away from utility wires
  • Lawn Equipment: Make sure lawn mowers, tractors and other equipment are tuned up before using. Store oil and gas for lawn equipment and tools in a vented, locked area.
  • Walkways and Driveways: Repair any cracks and broken or uneven surfaces to provide a safe, level walking area.

 

Reposted courtesy of http://rismedia.com/2017/06/11/are-your-home-garden-ready-summer/#close

Show the Fun In Your Home

When you read or hear advice about staging your home for sale, it’s predictable—declutter, depersonalize, and neutralize as much as possible. But what you’re never told is how to make your home really memorable. One way is to make it look like a really fun place to live.

Here are three ideas for making your home more appealing to a potential buyer:

  • Put a badminton net in the backyard. Leave a note by the racquets with some bottled waters inviting homebuyers to play. Ping pong is also becoming a popular backyard activity—ask a local store if you can rent a ping pong table for the day.
  • Most homes are older, so turn age into a positive. Set the dining room table with a fondue pot surrounded by flower power napkins and plates. Put some Al Green on Pandora for showings. Showcase the trendy, vintage quality of a home with history.
  • Speaking of history . . . Include a fun detailed history sheet explaining that unique aspects of your home. For instance, mid-century homes epitomize the postwar automobile, jet and space travel culture. That’s why the garages are attached and Sputnik stars were a popular motif. Better vacuums meant no more rug beating—hence the luxury of wall-to-wall carpet.

Click here for more tips and benefits of staging your home.