interest rates: To Sell or Not to Sell? - 02/04/21 09:56 AM
...That is the question.
Are you contemplating selling your home in 2021? Many are... but are not totally confident about what to do. That's why it's important to find a qualified Real Estate Professional to help you through the process of selling, buying, and negotiating a home sale or purchase. Remember, interest rates are low, inventory is low and demand is high. 
Below is a thumbnail sketch showing some high view information about the market last year, year over year. What you see may surprise you BUT believe it or not the market is hot and homes don't stay on the market for … (6 comments)

interest rates: Back to Work... - 01/04/21 08:35 AM
It's back to work for me! I took the month of December off as our 2nd son got married and the holiday season was in full swing. 
Now the holidays are over, the new year has arrived, covid remains with us, still causing uncertainty, BUT, the Real Estate market is a resilient market as are Real Estate professionals.
What does the Real Estate market have in store for us in 2021? I don't know, yet, I suspect we will see more of the same with low inventory, high buyer demand, rising prices, low interest rates, and Realtors® taking the proper precautions … (10 comments)

interest rates: How Low Can They Go??? - 11/20/20 10:00 AM
Interest rates have hit a low for the 13th time this year! With prices escalating the interest rates have been very friendly to the buying & selling public.
Buyers, this is a great time to get prequalified/approved for a mortgage and begin your search.
Sellers, this is a great time to ready your house and place it on the active market. 
Inventory is low, but, one of the reasons for this is houses being placed in the active market are getting scooped up. So be prepared to submit your highest and best offer and avoid the games some play. 
 
(10 comments)

interest rates: Interest Rate Update... - 10/08/20 05:10 PM
Can Interest Rates be lower? Who knows? I didn't think they'd be this low. One of my clients just refinanced at 2.75% fixed 30 years. BUYERS do not procrastinate! Now to get inventory numbers up. SELLERS. we know you are out there...lol
(10 comments)

interest rates: Considering a Move? - 09/23/20 09:10 AM
Moving has never been one of my favorite things to do, although, we've moved a few times during our marriage. The question posed is; Is Now a Good Time to Move? It'll be a different answer for each seller or buyer. 
There are many reasons to move... (not in any specific order)
* Need more space or a home office due to COVID-19
* New job
* Downsize after the kids are grown
* A move-up move
* Be closer to family or multi-generational arrangement
* School District
* More rural area or be closer to the city
* A less expensive area
* OR... Just a complete change in scenery
Whatever … (16 comments)

interest rates: Would You Believe... - 09/19/20 11:56 AM
...that the Real Estate Market is...hot, hot, hot? I don't need to tell Realtors® that cuz they're all scrambling looking for listings to satisfy the demand of buyers. Prices are up, Interest rates are down, down, down, and properly maintained and priced property is here today and gone tomorrow. Multiple offer situations are almost a normality, these days. 
So, what's a buyer to do? Be Prepared is the best thing and the next best thing? Be Patient, don't play games, make your offer your highest and best. Many buyers these days are foregoing home inspections (not something I recommend) but they are doing … (26 comments)

interest rates: Are You Thinking Of...? - 09/12/20 08:29 AM
I think after the 1st of the year, this year, we all went to bed and while we were sleeping some alien force teleported us to Bizarro World where things are not anything like we are used to!
Who would have thought that during a "worldwide" health crisis, where economies and people were locked down, and people suddenly became unemployed, and businesses closed OR, where business was transacted over ZOOM, GoToMeeting, BlueJeans, or any of those streaming services, just who would have thought that many, many Real Estate professionals would have a banner year? Even in States where Real Estate was … (25 comments)

interest rates: Will The Rates Keep Falling or... - 08/19/20 12:10 PM
Holy Moly! In 1985 when we purchased our home I never would have thought or even believed the interest rates would be where they are today! I almost fell off my feet when one of our sons called and told me the interest rate he just locked in on a refinance of his home. 2.75% 30-year fixed!! We paid over 13% in 1985. I can remember asking my father why he wouldn't pay off his house, to which he replied "Where am I goin' find 6% money...lol 
Thus, ALL you folks considering the purchase of a home in 2020 NOW is the … (12 comments)

interest rates: Is It A Good Time? - 07/22/20 07:06 AM
People always wonder whether it's the right time to place their home(s) on the active market. I guess it would depend on your reason for considering that option. There are many reasons for selling. Job relocation, avoid foreclosure, downsize, upgrade, end of relationship, death, and so on. In my mind, whatever the reason you decide, it is the right time.
BUT, in this market of low inventory, high demand, and low-interest rates it may be easier to sell your home than buying another. Take that into consideration and be prepared to compete. 
 
Thinking of Selling Your House? Now May be the Right … (18 comments)

interest rates: Buyers...Interest Rate Information! - 05/09/20 05:39 AM
This is STILL a favorable interest rate time for Buyers! Home prices are up but Interest rates are hovering close to record lows. This article appeared in the REALTOR® Magazine published by the National Association of Realtors yesterday May 8th. 
 
Mortgage Rates Hover Near All-Time LowsMay 8, 2020 © REALTOR® MAGAZINE
The 30-year fixed-rate mortgage inched up slightly this week to average 3.26%, but remains near its record low.
“Mortgage rates stayed at or near record lows for the fifth straight week and homeowners are taking advantage with refinance activity remaining high,” says Sam Khater, Freddie Mac’s chief economist.

30-year fixed-rate mortgages: … (6 comments)

interest rates: Market Impact & You - 01/21/20 07:46 AM
In our town and the 4 towns bordering us, there are only 22 listings. One of those 4 has 10 listings with the lowest priced listing at $779,000 and the highest-priced is listed at $2.250,000 and median Days on Market is 150 days. The other 3 towns have 12 listings between them. This is creating a fiercely competitive market and driving prices up and could force some buyers out of the market or cause them to look further out than they desire. With low inventory and low interest rates...
How is this impacting your client's ability to purchase a home?
Housing Inventory Vanishing: What … (8 comments)

interest rates: 2020 Projections - 01/02/20 09:28 AM
These are always interesting. For 2019 our little town of 8700 we had an increase in the number of closed sales from 100 in 2018 to 113 in 2019 a 13% increase. I fully expect 2020 to be a GREAT YEAR for people looking to buy and sell. As far as a potential recession all I have to say is markets go up and markets go down. The same holds true with economies. People buy and sell in ALL markets. 
 
The 2020 Real Estate Projections That May Surprise You This will be an interesting year for residential real estate. With a presidential … (8 comments)

interest rates: Considerations for 2020 - 12/12/19 07:12 AM
 A 365 Day Difference in Homeownership
  Over the past year, mortgage rates have fallen more than a full percentage point. This is a great driver for homeownership, as today’s low rates provide consumers with some significant benefits. Here’s a look at three of them:
Refinance: If you already own a home, you may want to decide if you’re going to refinance. It’s one way to lock in a lower monthly payment and save substantially over time, but it also means paying upfront closing costs too. You have to answer the question: Should I refinance my home? Move-up or Downsize: Another option is to … (10 comments)

interest rates: The Time Is Now... - 07/31/19 08:10 AM
If You're Waiting For The Perfect Time You May Be Waiting Forever!!
It is always my belief that NOW is always the best or perfect time to sell or buy a home if you've made that decision to move forward. Inventory is low and may be headed higher, demand is high, interest rates are low and may be going lower! SO...get all your ducks in order and move forward.
 
Why Now Is The Perfect Time To Sell Your House  
As a homeowner, it’s always tempting to dream about the next big project you’re going to tackle. The possibilities are endless. Should … (2 comments)

interest rates: What Are You Waiting For? - 07/19/19 09:33 AM
We've all heard the phrase "He who hesitates is lost", right? Certainly, the inability of making a decision affects the lives of many people. I know that I tend to over-analyze or procrastinate, which has burned me on many occasions. BUT one area I have not 'hesitated' was when we rented or bought our home. 
Waiting in Real Estate can be very costly. That's why it is important to have all your ducks in a row before you enter the active market. With inventory being at record lows and interest rates still near record lows leaves little space for contemplation or hesitancy. … (4 comments)

interest rates: Should we... - 07/08/19 08:45 AM
...Sell the house and move up? "We've recovered our equity, the family is growing and could use more space."
It all depends on your needs and desires and what you're looking to move up to.
For the purposes of this article, we're referring to moving up to the luxury home market. In our area of MA luxury would be the $1M and over, give or take. Those homes seem to be languishing and Days on Market are high. You might find more negotiating space. Soooo...if it's for you here's a couple of reasons to strike while the irons are hot.
 
Now’s The … (16 comments)

interest rates: The Cost of Waiting... - 06/12/19 11:15 AM
I've burned myself several times in life by procrastination or thinking I was smarter than I actually am. In Real Estate, the market changes day by day. Waiting could cost you plenty of dollars OR you just might luck out. When Pam & I bought our house in 1985 the interest rates were at 13% and rising, as were prices, BUT, we knew the market and knew that rates would not remain high even though the rates went to 18% before correcting. On that one occasion, we did not hesitate/wait...We Bought!
My advice is Do Not Wait. My motto is "It's … (27 comments)

interest rates: Good News Effecting Real Estate... - 05/04/19 09:30 AM
The U.S. economy is on a tear! Interest rates are still low and have actually declined since November of 2018. Inventory is still low and prices are escalating but homeownership is a big part of the American Dream. 
 
2 Trends Helping Keep Housing Affordable Two positive trends have started to emerge that impact the 2019 Spring Housing Market. Mortgage interest rates for a 30-year fixed rate loan have dropped to new lows, right as reports show that wages have increased at their highest rate in decades!
These two factors have helped keep housing affordable despite low supply of houses for sale driving … (14 comments)

interest rates: HOW TO SAVE THOUSANDS OF DOLLARS IN INTEREST ON YOUR MORTGAGE - 12/26/18 07:42 AM
Everyone wants to know how to save money on their mortgage. A real eyeopener is when you're at the closing table reviewing & signing the mortgage documents and you first see JUST HOW MUCH you'll REALLY be paying for your home once the interest is paid!!
Pam & I paid our 30-year mortgage off in 23-years using some of these techniques that the folks at KCM have put together. I've always lived by the motto "It's what stays in Hip National Bank (your pocket) that counts". 
  One of the most common loans you can get to buy a home is a 30-year fixed … (6 comments)

interest rates: NOT Fake News... - 08/07/18 08:19 AM
There are so many misperceptions about the purchase of real estate that actually prevent people from realizing their dream of homeownership. The Infographic below shows the actual history of the last 4 - 5 years regarding some mistaken beliefs of purchasing a home.
 
Home Buying Myths Slayed   
Some Highlights: The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%, rates are still below historic numbers. 88% of property managers raised their rents in the last 12 months! … (8 comments)

 
Doug Dawes, Your Personal Realtor® (KW Evolution - Topsfield, MA)

Doug Dawes

Your Personal Realtor®

Georgetown, MA

More about me…

KW Evolution - Topsfield, MA

Address: 11 South Main Street, Topsfield, MA, 01983

Mobile: 978-270-3037

Office: 978-887-3995

Email Me

There is more to life than Real Estate. My intention is to provide not only Real Estate information but items that we all face and experience in our daily journey through life.


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