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Homebuyers | The McLeod Group Network - KW Capital City Blog

Wednesday, April 24, 2019   /   by Amy McLeod

With Inventory Low: Will Your Dream Home Need Some TLC?

According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the projects needed will increase their new home’s value!


Realtor.com’s Chief Economist, Danielle Hale, pointed to low-inventory at the entry-level price range for the increase in willingness to renovate.


“The combination of rising home prices and limited entry-level homes for sale is prompting many home shoppers to consider homes that need renovating.


Replete with inspiration at their fingertips – like Pinterest, Instagram, and various home renovation TV shows – some home shoppers are comfortable tackling home renovation jobs to find a home that balances their needs with their budget.”


Just over half of all respondents who said they ...

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  amy mcleod, mcleod group network, homebuyers, buying a house, first time home buyers, homeownership

Wednesday, April 10, 2019   /   by Amy McLeod

A Guide to Mortgage Interest Rates: Why They Go Down and Up, and What to Do

Mortgage interest rates are a mystery to many of us—whether you're a home buyer in need of a home loan for your first house or your fifth.
After all, what does “interest rate” even mean? Why do rates swing up and down? And, most important, how do you nab the best interest rate—the one that’s going to save you the most money over the life of your mortgage?



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Here, we outline what you need to know about interest rates before applying for a mortgage.
Why does my interest rate matter?
Mortgage lenders don't just loan you money because they’re good guys—they’re there to make a profit. “Interest” is the extra fee you pay your lender for loaning you the cash you need to buy a home.
Your interest payment is calculated as a percentage of your total loan amount. For example, let’s say you get a 30-year, $200,000 loan with a 4% interest rate. Over 3 ...

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  amy mcleod, mcleod group network, homebuyers, homeowners, buying a house, first time home buyers, home sellers, home loans, interest rates, mortgage

Monday, April 1, 2019   /   by Amy McLeod

Kitchen Islands With Beds? Indoor Yards? 4 Hot New Home Trends Too Good to Be True

If you're a homeowner who takes pride in staying on top of interior design trends, you've no doubt been busy lately. High-end kitchen island? Check. Living wall in the living room? Sure thing! And you've most certainly got a Chip and Joanna Gaines-inspired farmhouse sink or shiplap lurking somewhere, too.
Sorry to break it to you ... but those trends are très passé. The rest of the world has moved on, and they're decking out their homes with way hipper stuff than that.
Relax, your friends at realtor.com are here to help! Just feast your eyes on four of the hottest, hippest home trends we've seen lately.

Kitchen islands with beds



Kitchen island with bed
iStock; realtor.com


Kitchen islands have been getting bigger and more souped up than ever. This so-called "hub of the home" can now incorporate sinks, ovens, breakfast bars, charging stations, and far more. But let's be honest here: Al ...

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  amy mcleod, mcleod group network, homebuyers, homeowners, homeownership, owning a home, home improvement, home decor, kitchens, home design

Monday, March 25, 2019   /   by Amy McLeod

Your Tax Refund Is The Key To Homeownership!

According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $3,143 this year when filing their taxes. This is down slightly from the average refund of $3,436 last year.
Tax refunds are often thought of as ‘extra money’ that can be used toward larger goals. For anyone looking to buy a home in 2019, this can be a great jump start toward a down payment!
The map below shows the average tax refund Americans received last year by state.


Many first-time buyers believe that a 20% down payment is required to qualify for a mortgage. Programs from the Federal Housing Authority, Freddie Mac, and Fannie Mae all allow for down payments as low as 3%. Veterans Affairs Loans allow many veterans to purchase a home with 0% down.
If you started your down payment savings with your tax refund check this year, how close would you be to a 3% ...

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  amy mcleod, mcleod group network, homebuyers, buying a house, first time home buyers, homeownership, down payment, move up buyers

Wednesday, March 20, 2019   /   by Amy McLeod

6 Things You'll Love—and Hate—About Buying a Home This Spring

Welcome to the best—and worst—time to buy a home: spring! Yes, it's peak home-buying season. However, it’s no bed of roses.
Knowing what to expect is half the battle, and can help you use these highs and lows to your advantage!
So consider this an essential prep course. Ready to dive into the best of times and the worst of times for home buying?
You’ll love: All the inventory
One of the best things about buying a house during the spring is that you have a lot more options to choose from.
“New listings tend to flood the market in April and May,” says Kimberly Sands, a real estate broker in Carolina Beach, NC. Just keep in mind that with so much inventory out there, you’ll want to make sure to stick to your search and price parameters to avoid getting overwhelmed.
You’ll hate: All the competition
Busier times mean more buyers and, thus, more competition—which explains why bidding w ...

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  amy mcleod, mcleod group network, homebuyers, buying a house, first time home buyers, home values, move up buyers, pre-approval, buying your dream home

The McLeod Group Network - KW Capital City
Amy McLeod
1900 Hines St SE, Suite 220
Salem, OR 97302
971-208-5093
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Lighthouse Mortgage
Phil Gerstner
110 Wallace Rd. NW
Salem, OR 97304
503-871-4968
NMLS# 291931

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Traci Benjamin
Homeside Mortgage
Sales Manager, AVP
tbenjamin@gohomeside.com
NMLS 11736
Direct: 503-843-8072
Cell: 503-932-5511

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Aaron Memmott
Finance of America
Mortgage Advisor
amemmott@financeofamerica.com
NMLS# 1048117
Direct: (503) 718-9876
Cell: (503) 551-1115
Fax: (855) 639-2956

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Elizabeth Smith
Caliber Home Loans
elizabeth.smith@caliberhomeloans.com
NMLS# 228191
Cell: 503-910-0415
eFAX: 844-538-4687

© 2019 Willamette Valley Multiple Listing Service. All rights reserved. The data relating to real estate for sale comes in part from the Willamette Valley Multiple Listing Service. Information contained on this site is deemed reliable but not guaranteed.
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