buyers: Missoula's 1st half sales volume in 2014 - 07/17/14 08:04 AM
It's just beyond halftime in Missoula's real estate market.  I wanted to get a quick summary together to take a look at the first 6 months of real estate data in our area so we can look at how things have fared in Missoula, and where it's headed.
 
Overall the first half has seen a slower pace of sales than the year before.  So should we panic?  No, I don't think so.  The first six months of 2014 had 449 total residential sales, down 76 total sales compared to the 1st half of 2013 which had 525 sales.  That's a … (18 comments)

buyers: It can't hurt to wait, can it? - 10/30/13 04:21 AM
It Can't Hurt to Wait, Can It? 
It’s been said that more money has been lost due to indecision than was ever lost because of a bad decision. Regardless of whether you agree with the statement, delaying the decision to buy in today’s market is going to cost the buyer more. 
Home prices have gone up considerably in almost every market in the country in the past year and while inventories are beginning to grow, prices are expected to continue to rise. Mortgage rates jumped 1% from the beginning of May to now. They could easily reach 5% by the end … (0 comments)

buyers: Find the "right" agent before finding the "right" home - 10/22/13 08:40 AM
Find the "Right" Agent Before the "Right" Home - 8/26/2013 
It’s a common practice for buyers to make a list of what they want in a home during the search process and to explain it to their agent. However, maybe the first list they should make would have the skills they want their agent to have.
The Profile of Home Buyers and Sellers identifies what buyers want most from their agents and as you’d expect, help with finding the right home was ranked highest most often. While it is important, it may not be the most unique of the desired area of expertise.
(1 comments)

buyers: It Can't Hurt to Wait, Can It? - 07/30/13 02:04 AM
It Can't Hurt to Wait, Can It? - 7/29/2013 
It’s been said that more money has been lost due to indecision than was ever lost because of a bad decision. Regardless of whether you agree with the statement, delaying the decision to buy in today’s market is going to cost the buyer more. 
Home prices have gone up considerably in almost every market in the country in the past year and while inventories are beginning to grow, prices are expected to continue to rise. Mortgage rates jumped 1% from the beginning of May to now. They could easily reach 5% by the end … (0 comments)

buyers: If I'd Known... - 07/23/13 02:17 AM
If I'd Known... - 7/22/2013 
We’ve probably all said or at least thought “if I knew then, what I know now, I would have done things differently.” We should have stayed in school longer. We should have listened to our parents. We should have bought Apple stock in 2002 for $8.50 that sells for $400 today. Or we could have bought gold in 2000 for under $300 for a four-fold profit today.
Years from now, if we look back at 2012, we may say that it was the best buyer’s market ever. Even now, in 2013, it’s apparent that both housing and mortgage … (0 comments)

buyers: Retirement without a mortgage - 07/15/13 01:50 AM
Retirement Without a Mortgage - 7/15/2013 
Planning for retirement is obviously important and many times, an activity plagued by procrastination. Some people plan to have their home paid for by that magical date so they won’t have payments after they retire. It makes sense to eliminate a large recurring expense before they quit working.
One strategy would be to be make regular principal contributions in addition to the payments so that it will eliminate the debt by the target retirement date.
Let’s say that a homeowner refinanced their $200,000 mortgage at 4% last year with the first payment due on May 1, 2012. … (1 comments)

buyers: When Rates Go Up - 07/08/13 05:37 AM
When Rates Go Up - 7/8/2013 
Rising interest rates are great if you are renewing a certificate of deposit but not so much when you’re borrowing money. With interest rates on the rise as well as home prices, housing affordability is a concern for would-be homeowners.
A rough rule of thumb is that a person’s or family’s housing should not exceed 28% of their monthly gross income. While rental rates and home prices have been consistently increasing, mortgage rates have been soaring in the past month. In one week, according to the Freddie Mac Primary Mortgage Market Survey, they jumped by .5%.
This … (0 comments)

buyers: Get Your Offer Accepted - 06/19/13 11:33 PM
Inventory is dramatically shrinking and it is commonplace in many markets to have multiple offers on a home. While the sellers would prefer to be able to choose the best offer for them, it can be incredibly frustrating for the buyers who might consider the following tips to get their offer accepted. 
1. Remove the uncertainty that you may not be approved for a mortgage by having a pre-approval letter from your mortgage company.
2. Show your sincerity by increasing the normal amount of earnest money customary for the area and price of the home. The earnest money will be applied … (1 comments)

buyers: The "Right Size" Home - 05/09/13 02:21 AM
The "Right Size" Home - 5/9/2013
Work hard, buy a home, start a family and continue to upgrade your home until everyone has enough room. This has been the blueprint for lots of homeowners for the last fifty years but there is certainly a shift in thinking that could change all of that.
Interestingly, Americans live in much larger homes than most people in other countries throughout the world. The U.S. Census reported in 2006 that the average single family home completed had 2,469 square feet which was 769 feet more than in 1976.
Once the children are grown and have moved out, … (2 comments)

buyers: Please Take Our Offer... - 05/06/13 01:04 AM
It’s interesting that the housing climate has changed so quickly. Some buyers, who think they’re still in the driver’s seat, find the market is now going up and they’re losing the home that they really want.
Multiple offers are increasingly more common and buyers are frustrated because even full-price offers don’t guarantee that they’re going to get the home. In an effort to personify a contract offer and add emotional appeal, buyers are including a personal letter to the seller.
In most cases, the seller wants to maximize the net proceeds from the sale by getting the highest price with the … (0 comments)

buyers: Boomerang Buyers - 04/08/13 08:19 AM
Boomerang Buyers - 4/8/2013 
It's estimated that 10% of the homes sold in 2013 will be to buyers who lost a home in the past five years.  Approximately 500,000 buyers who may have thought they wouldn't own a home anytime in the near future will be homeowners again.
It's estimated that several million of these previous homeowners will purchase again in the next eight years.  This kind of activity will contribute significantly to the housing recovery.
Some people thought that the housing crisis would cause a shift in values placed on owning a home but the boomerang buyers definitely don't support that theory.  … (1 comments)

 
Brint Wahlberg, The Wahlberg Team (Windermere Real Estate)

Brint Wahlberg

The Wahlberg Team

Missoula, MT

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Windermere Real Estate

Address: 2800 S. Reserve Street, Missoula, MT, 59801

Office: (406) 541-6550

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