Check out our February Issue! Filled with Current Listings, Recipes, Decor Tips and More!
Issue 05
The Payne Team RE Direct: (410) 936-0055 Office: (410) 543-4545 ThePayneTeamRE.com
CURRENT LISTINGS, RECIPES, DECOR TIPS AND MORE! INSIDE THE FEBRUARY ISSUE
Want to see your AD here? Call us today 410-936-0055
1 Poultry Farms Single Family Homes Unimproved Land Commercial Properties & More!
The Payne Team understands that your real estate needs are among the largest financial decisions you will make in your life. We take that responsibility to heart going the extra mile to ensure a smooth transaction. The Payne Team prides themselves with providing top notch real estate representation for our clients. We are local real estate experts specializing in residential, commercial, farms, and unimproved land. Having come together as a team in 2021 it didn't take long for The Payne Team to have an impact on the local real estate community. We have been constantly a Top 20 Performer in the Mid-Atlantic region for Coldwell Banker. The Payne Team was, also, a Finalist in Coastal Style magazine as the Best Real Estate Team in Wicomico County.
Angela Payne REALTOR
Rob Payne Team Lead-REALTOR
Rachael Fritts Marketing Mgr/Admin
Ryan Basch REALTOR
Aaron Bergeron REALTOR
Trey Shaw REALTOR
Why Choose Coldwell Banker?
#1 NATIONWIDE
Realogy Brokerage Group LLC has been the #1 residential real estate brokerage in the U.S. for 24 years, successfully bringing together home buyers and sellers from across the country.
Company
Sales Volume
1. 2. 3. 4. 5. REALOGY BROKERAGE GROUP LLC Compass Home Services of America Inc. EXP Realty Redfin
$184 Billion $151 Billion $150 Billion $72 Billion $37 Billion
About The Coldwell Banker Brand
Fulfilling the Dream of Home Since 1906 For over a century, home has been our purpose. It defines us and everyone in our network. Our mission will never waver to deliver the treasure of home ethically and honestly. Coldwell Banker Realty - Salisbury
1131 S Salisbury Blvd Ste B Salisbury, MD 21801 Direct: (410) 936-0055 Office: (410) 543-4545
GUIDING YOU HOME SINCE 1906
BEHIND THE SCENES
Shawn Hunt LOAN OFFICER-THE HUNT TEAM
Rachael Fritts DESIGNER AND EDITOR
SVP, Area Manager NMLS ID# 1098459 M: (443) 783-0910
Rachael graduated from Regent University with a Degree in Business Marketing in 2021. She has been with The Payne Team as a Marketing Manager since 2019.
shunt@cmghomeloans.com www.HuntTeamMortgage.com CMG Home Loans | NMLS ID# 1820
Ryan Basch REALTOR & MARKET ANALYST Ryan holds a degree in Mechanical Engineering from the University of Delaware. He transitioned to real estate in 2021 to join the family business after 17 years in various technical and business leadership roles with multi-national companies.
CONTENTS
MARKET INSIGHT FEATURED LISTINGS DAVE RAMSEY ARTICLE REVIEWS CURRENT LISTINGS HEART MACARON'S
HOME BUYING HELP HANDY MAN HOW TO RECENTLY SOLD HOUSEWARMING GIFTS CMG HOME LOAN CALENDAR PUZZLES
Scan the QR Code for our FREE First-Time Home Buyer guide ! Filled with everything you need to know
about the home buying process & how to get pre-approved!
FIRST-TIME Home Buyers Seminar February 26. 2023
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The Payne Team welcomes you to our First-Time Home Buyers Seminar! With helpful tips & advice on how to navigate the Home Buying Process
MARKET INSIGHTS APPLYING DATA SCIENCE TO BETTER UNDERSTAND OUR LOCAL MARKET In this month’s issue, we will look back at what happened over the last 12 months in our local real estate market. We all know 2022 felt like a 2022 YEAR IN REVIEW rollercoaster, but what does the data show us about what really happened? And even more importantly, what can we learn from it? AAll transaction data & data visualizations are based on information from Bright MLS for the period 1/1/2018 to 12/31/2022 Unless otherwise noted, data includes “Closed” transactions from Wicomico, Worcester, Somerset, Dorchester and Sussex Counties
AVERAGE SOLD PRICE “Why?” and get to the root of what is really causing the trends. Because, ultimately, what we see is the result of the behaviors of buyers and sellers and understanding the nuances that drive this behavior enables better decisions in the future. # OF HOMES SOLD Let’s start with a review of the primary metrics in the real estate market: price and volume. Although this might be interesting, it’s not very useful unless we ask
The average price of a home stayed fairly flat through 2022. Sussex and Worcester counties saw a 5 – 7% increase after Jan/Feb/Mar, but it did not continue to rise. Wicomico, Somerset and Dorchester on the other hand stayed flat or even saw slight decreases in average pricing compared to the 1st quarter.
The number of homes sold continues to decline. Closings in the 4th Quarter decreased significantly compared to the rest of the year, down almost 20% compared to 1st Quarter, which is typically the weakest season. For comparison, the peak of the surge in sales hit 4,036 closings in Jul/Aug/Sep of 2020 – more than double Q4 ‘22.
CLOSINGS BY COUNTY
Compared to previous years, 2022 finished with fewer homes sold than 2018 and significantly less than the peak of activity in 2020/2021.
So, why are fewer homes selling? And why aren’t we seeing prices drop faster if less homes are being sold? In fact, prices are holding strong close to the highs from the last couple years. Unsurprisingly, it comes down to supply and demand. SUPPLY AND DEMAND
Inventory steadily increased through 2022, but has fallen steeply in the 4th Quarter. The number of homes for sale are still lagging behind historical levels. Supply is struggling to keep up. I have a few theories as to why...
1.
A lot of sellers who were planning to sell have already done so during the last 2 years, especially when interest rates were low. This includes investors who timed the market to sell their rental portfolios at peak prices. That supply has since dwindled. Homeowners are hesitant to sell now if they have to buy at higher interest rates. If they’ve owned their home for more than a few years, they probably refinanced when the rates were low making it a financially painful proposition to buy now at higher interest rates and at higher prices.
2.
3. New construction does not seem to be adequately supplementing the supply of existing homes. There is higher risk for builders to start new projects in the midst of inflation, supply chain issues and a dynamic housing market. Plus, not all supply is equally in demand. Affordability is a major constraint and so many first- time buyers (who are driving demand) cannot afford new construction. Even though 2022 had a higher % of sales relative to recent years, we are still feeling the after-effects of the lack of builds after the crash of ’09.
This is a good segue to discuss demand. The desire for home ownership continues to be fundamentally strong. I believe this is for at least a couple reasons:
1.
The natural consequence of large numbers of rental investors listing their portfolios for sale (point #1 above) is that the renters who were displaced are now in need of another place to live. This puts further burden on the shrinking rental capacity and drives rental prices up. Higher rental prices = more buyers wanting to own instead, and the cycle continues… One of the societal changes that has driven the real estate boom of the last three years has been that the millennial generation is ready to buy their first homes. This demand has not been fully met yet, which is one factor exerting upward pressure on prices. Many of these buyers have had difficulty winning bids due to their financing type, the need for seller concessions and/or fierce competition with other buyers, especially in the price range of most first-time home buyers. This can be seen in significantly lower average days on market for properties in the $150,000 - $250,000 range.
2.
However, these buyers are starting to get more access to the current inventory. One indication is the increase in the number of sales that inlcuded seller concessions through 2022. By 4th quarter, the market was back up to about 30% of sales inlcuding some amount of seller concession.
This is good news for buyers as they start to feel a little more leverage in the market after two years of a strong seller’s market.
3. Interest Rates…what conversation about real estate these days cannot at least mention interest rates. The sharp increase in rates over the year, certainly had a chilling effect on demand. But as that stabilized and pulled back into the lower-6% range, buyers appear to be s shopping again.
Featured Listing
5542 Watson Rd. Laurel, DE 19956 10 acres OFFERED AT $1,350,000
So, you want to get into the Poultry Business??? Look no further!!! This farm has an active contract in good standing with Mountaire and is in excellent working condition. There are 2-42x500 Houses built in 1995 as well as 2-50x500 houses built in 2005. Numerous upgrades have been made over the last 5 years including Tunnel Doors, Stir Fans, Outside Main Breaker Disconnects just to mention a few. Choretime Feeders are in all houses with 2 Houses of Valco and Ziggity Drinkers each. Radiant Tube Heaters are in all house and there are sufficient Tunnel Fans to meet integrator specs already in place. A 105 KW Generator with minimal hours and Transfer Switches help make this a turnkey farm. There is a Manure Shed and additional Storage Building that convey with the farm as well. Besides all the farm equipment an adorable Rancher also conveys with the property. Now let's talk about the adorable rancher. Getting into the poultry business often means a not so well kept quarters that aren't fit for you and your people. In this property you will get a lovely 3 bedroom, 2 bathroom one floor living home that screams "Welcome HOME!". The eat in kitchen has tons of sunlight with a breakfast bar and pass through that offers even more seating. Entering the family room from the kitchen, you will have access to the back patio also gleaming with tons of natural light from all the windows. In the living room you will notice the vaulted ceilings and comfort of a living area that is spacious and cozy. There is a primary bedroom with plenty of closet space, a private bathroom with a soaking tub and separate shower. The bathroom also has storage. Both of the other two bedrooms also offer walk in closets. There is no shortage of storage space in this home. The sellers have done many upgrades to the home over the past 5 years to include flooring, HVAC, well maintained crawl space and other personal touches to make it the perfect place to live. The hot water heater was replaced less than a month ago as well. Co-Listed with Talane Hastings- Coldwell Banker Realty Salisbury
Rob Payne 443-783-0821 Rob.Payne@cbmove.com
When you’re getting ready to sell a house, there’s a lot you can do to help make sure you get the best offer possible. And unless someone in your household could have their own home decorating TV show, that includes home staging. Home staging is an art designed to show off your home in its best light. By using your own furniture in a new way, swapping outdated pieces for show-ready ones, decluttering, or sprucing up your home’s outdoor space, home staging helps buyers focus on your home’s features rather than its flaws. 1. Say Goodbye to Clutter and Hello to Storage One of the simplest things you can do to stage your home is to show off its space, not your stuff. Start by making room in your closets so that they are at least one-third empty. Store out-of-season clothes elsewhere or ask a friend to hold on to unused items temporarily. If decluttering is too much to handle yourself, don’t sweat it. Companies like Clutter.com or Makespace.com can pick up and store things for you —plus, it’s cheaper than you’d expect. It’s also easy to assume buyers would never look in spots we’ve tried to forget about—like that junk drawer full of rubber bands and soy sauce packets. But when you’re staging your home, be prepared for buyers to look behind closed drawers and doors. Nothing is off limits. It may be your home, but they’re wondering if it can become their own. 10 House Staging Tips Anyone Can Do
2. Spring Into Cleaning Think spring-cleaning on steroids. From the baseboards, ceiling light fixtures, kitchen appliances, windows, to every nook and cranny you can think of, everything should be spotless. It may seem like a minor house staging tip, but don’t underestimate the power of the first impression your home will leave on a buyer. If the place feels dirty, a buyer’s not going to forget it. Don’t have time to put that much elbow grease into your cleaning? A professional can get the job done for approximately $100–400.1 3. Do a Sniff Test To keep your home smelling fresh and clean, pass on cooking seafood or your favorite garlic bread while your home is on the market. Instead, light candles with buyer-friendly scents like citrus or vanilla. If your carpets smell funky, steam clean to get rid of stains and odors. And if it’s beyond repair? Do a little calculation to see if replacing it with new plush carpet or a hardwood would benefit your budget in the long run. If you have pets, you may be accustomed to your fur-baby’s scent, but one whiff of Snowball and that winning first impression could disappear. It might be a good idea for pets to stay with a friend while your home is on the market. Regardless, make sure to remove the telltale signs of pets before a home showing. Put up food bowls, transfer the litter box to the garage, tuck away stinky toys—those kinds of things.
4. Let the Light In Most buyers want to see that a home has plenty of natural light. Remove heavy draperies and open up the blinds. Hide an unattractive view with sheer window coverings that still allow in light. Replace any outdated light fixtures, upping the wattage in each lightbulb to its maximum safe capacity. Aim for about 100 watts every 50 square feet. Need some extra light? Add lamps in any dark areas. Quickly update outdated lamps with clean white drum shades. 5. Win With Neutral Walls Getting rid of bright-colored walls is another simple home staging tip that helps ensure your home appeals to the widest audience possible. Stick with sophisticated neutrals for the most widely used paint colors. Just a few coats of paint can transform a dated space, giving it a more modern feel. Try popular shades like an oatmeal-colored living room or a soft-grey hallway.
6. Embrace the Awkward Have a space you’ve never known how to use? Home staging can be an opportunity to show potential buyers it’s actually functional by finding a fun way to show it off. Turn a short wall into a chalkboard family message center, transform an alcove into a charming workspace, or display a hanging planter to bring life and texture to a bare nook. You’ll also want to make sure not to block traffic flow. Keep natural walkways clear and arrange furniture in conversation areas that frame outside views—rather than obstruct them. You want your space to feel easy to live in.
7. Depersonalize Your Bedrooms Bedrooms are often the most personalized rooms in the home. And why shouldn’t they be? They are your rooms, after all! But when your goal as a home seller is to appeal to as many potential buyers as possible, remember: It isn’t personal, it’s business. And that means it’s time to depersonalize. Now is not the time to break out the kitty comforter Grandma quilted for you back in grade school or to hang up your stuffed squirrel collection. Do your best to keep spaces as gender-neutral
as possible so they’ll appeal to the widest
audience. Lastly, consider removing any additional furniture other than a bed, nightstand or dresser to make the room look more spacious.
8. Freshen Up the Kitchen Buyers want a kitchen that is bright, clean and fresh. The good news is, you don’t have to spend a small fortune on an expensive remodel to do that! A few small changes can make a big difference. Are your kitchen cabinets a bit dated? If you have the time to put in the work, then update them with a few coats of paint or a darker stain. You may have to strip them beforehand, but it will likely be worth it afterwards. Another option to update cabinets is to buy new faces for doors and drawers. Pair that with new hardware—something like a brushed brass, polished chrome, oil-brushed bronze, copper or even a stately iron—and you’ll be amazed at the difference. Next, tidy up. Don’t leave too many items on display beyond a clean toaster and cute coffee maker. Having a lot lying around could leave an impression that there’s not much space in your kitchen. Lastly, add some organic elements like fresh flowers or a wooden bowl with colorful fruit to bring some life to the space.
9. Create a Luxurious Bathroom Think high-end hotels and spas. A few subtle tweaks can help buyers see your bathroom as a soothing space. Bring dingy tubs and tile back to life by grouting the tile and caulking the tub again. Finish up the makeover by washing or updating your bathmat and shower curtain for cheap. Also, no one wants to see your toothbrushes and razors laying around! Keep all personal items and toiletries packed neatly under the sink, and stage the bathroom counter with fluffy white towels, decorative bars of soap and a calming scented candle.
10. Crush Curb Appeal When it comes to staging a house, what’s on the outside matters just as much as what’s on the inside. Curb appeal is a real thing, and nothing will send buyers driving off faster than a front yard overrun with weeds or a porch that’s falling apart. Don’t let buyers pass you by before they even get through the door! In addition to keeping the yard beautifully manicured, power wash your driveway and sidewalk. Show the exterior of your home a little love by giving it a good once-over. Sand and repaint any old or chipped areas. While you’re at it, give that dull front door a makeover with a fresh pop of color, lay out a new mat, and flank it with flowers that will weather the season well.
What Are the Benefits of Staging a House? Over half of sellers’ agents said that a home’s time on the market was decreased by home staging. And 25% of buyers’ agents believe staging a home increases the offer price a minimum of 1–5%. So how do those numbers break down for you? On a $250,000 home, just a 2% increase means an extra $5,000 tacked on to the buyer’s offer. If you handled the staging yourself without any added expenses, that’s $5,000 in extra cash you get to put in the bank. If you paid $3,000 to have your home staged professionally over a three-month contract, that’s $2,000 more in your pocket. If your agent is paying for the staging, you can put the entire $5,000 toward your new home or stash it away in your emergency fund. The Best Way to Maximize Your Home’s Value While there’s no guarantee staging your home will bring a bigger offer, it should help you stand out among the competition by making your home look move-in ready, maximizing your space, and adding little touches that make a big difference. While these practical tips should help pave the way for a smooth home staging journey and show buyers a home they will soon want to call their own, it’s not the only way you can maximize your home’s value.
What our clients are saying
What a wonderful experience! In this crazy market, the team was able to navigate us through purchasing our first home. They were willing to answer any question we had no matter how big or small. From being an inexperienced buyer, they made the process a breeze with paying attention to detail and responding in a quick fashion. We have already recommended them to all family members who are interested in moving to the shore! After hearing so many horror stories from others about their home buying experience, we were truly grateful to have such a caring team. Cannot thank them enough for what they have done for our family!!
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3960 Oyster Shell Ln. Bivalve, MD 21814 5 BD - 3.5 BA - 4,407SF OFFERED AT $945,000
412 Camden Court, Salisbury, MD 3BD - 2BA Call for Pricing: 443-614-4327
202 Williams Ave. Fruitland, MD 21826 3 BD - 2 BA - 1,572 SF OFFERED AT $220,000
Want to see your home here? Call us today for a FREE Market Analysis on your home! Direct: (410) 936-0055
Office: (410) 543-4545
Check out our land listings!
1 Hammock Point. Crisfield, MD. 21817 OFFERED AT $68,000
0 Legacy Ln. Crisfield, MD 21817 OFFERED AT $284,900
4177 Lawson Barnes Rd. Crisfield, MD 21817 OFFERED AT $14,900
6560 Old Westover Marion Rd. Westover, MD 21871 OFFERED AT $65,000
0 Rockawalkin Ridge Rd. Salisbury, MD. 21801 OFFERED AT $61,900
Check out these listings!
5542 Watson Rd. Laurel, DE 19956 3 BD - 2 BA - 2,018 SF 10.02 Acres OFFERED AT $1,350,000
9060 Taylor Rd. Delmar, MD 21875 OFFERED AT $700,000
23864 Ocean Gateway. Mardela Springs, MD 21837 OFFERED AT $725,000
Valentine's Heart Macarons
COOKIES
60 g egg whites room temperature 65 g granulated sugar 75 g almond flour 55 g powdered sugar fuschia color gel
CINNAMON BUTTERCREAM
1/4 recipe Simple Vanilla Buttercream 1/2 tsp cinnamon
INSTRUCTIONS
Line baking sheet with a silpat mat or parchment. Place the almond powder and icing sugar in a food processor. Process until just beginning to clump. Sift well and discard any bits that won’t pass through the sifter. Set aside. Whip the egg whites until they’re the consistency of a loose foam. Continue whipping while slowly adding sugar. Whip to a stiff meringue. Fold the dry mixture into the meringue. Add in color gel at this point Pour the batter into a piping bag fitted with the 2A tip. Pipe the macarons onto your baking sheet. When all your macarons are piped, whack the baking sheet on the counter at least 3 times to get rid of any air bubbles. Let the macarons dry at room temperature until dry to the touch. Approx 1 hour. DO NOT skip this step. While macarons are drying, make the buttercream. Once dry, bake macarons in a 300°F oven until they stick a little bit to the pans. This can be anywhere from 10-20mins depending on your oven and how crowded the macarons are on the pan. Let cookies cool completely before removing from pans. Pipe buttercream into the center, sandwich the cookies and press together.
THE PAYNE TEAM IS READY TO HELP!
Keep an eye out for our Program starting in March. Helping you get ready to buy a home Now or in the Future!
RENTING BUILDS $0 IN EQUITY Do the Math Before Signing Your Lease
Renting
Buying
0% rent toward your own wealth
Principal towards your own wealth
Home Prices area decelerating
100% rent towards someone else's
Rent prices are soaring
Fewer Buyers, more options, more price cuts and other incentives
Low vacancy openings (driving up prices even more)
Shawn Hunt Loan Officer – The Hunt Team SVP, Area Manager NMLS ID# 1098459 M: (443) 783-0910 www.HuntTeamMortgage.com CMG Home Loans | NMLS ID# 1820
THE HANDY MAN HOW TO FIND A STUD Studfinders — the tool that spawned a thousand easy jokes — aren’t expensive, but why depend on a gadget when you can find the stud yourself? Studs are the vertical beams that support walls, and they provide support when mounting decorations, TV screens or to anchor heavy furniture. There should be a stud on either side of each window, as well as beside electrical boxes for switches and outlets. Another giveaway is to look where any nails have been hammered into the molding, as they’re usually driven into the stud. Studs tend to be set every 16 or 24 inches around the room, so once you’ve found one you can measure the rest. To check, you can sound out where the studs are: when you tap the wall, it will mostly have a slightly hollow sound — but it will sound noticeably denser where there’s a stud.
SPACKLE A HOLE OR SCUFF
Nothing mars your man-cave more than the unsightly holes and bumps that result from relocating or removing your wall art. To keep your pad looking good, get in the habit of keeping spackle, a putty knife and paint around. First, clean up any loose bits or anything that sticks out from the hole you want to fix. Spread a bit of spackle over the hole using the putty knife, pressing hard to lay a thin, smooth layer — spackle shrinks, so it’s OK if there’s a little extra over the hole. Let it dry a few hours, and if needed, apply a second layer. Smooth the spackle with a fine-grade sandpaper until it’s flush with the rest of the wall, then paint over the damaged area.
UNCLOG A DRAIN
Depending on the extent of the clog, you’ve got a few options here. First, try to clear the drain with a mixture of vinegar, hot water and baking soda — a few good glugs should clear any soft blockages like grease or product. If that doesn’t do the trick, your next stop is the plunger —not the one you use for your toilet, dude; you deserve better than that. Fill the sink half-full of water, then plunge the sink drain like you would a toilet, pumping the rubber part to create suction. Still clogged? Check the trap. Place a bucket under your pipes, then unscrew the trap — the curved piece of pipe that connects your sink to the vertical pipe — either by hand or using a pipe wrench. Empty the water and clear any clogs, then return the trap to its place, reattach to the other pipes, and test by running some water to see whether the drain is cleared CHANGE A DOORKNOB Unscrew the two screws in the handle’s face plate (the piece that fixes the door to the door jamb), knob plate (the piece that fixes the knob to the door) and strike plate (the piece in the door jamb with a slot for the latch). Pull the handles off both sides of the door, slide out the face plate and pawl and remove the strike plate. If the new knob you’re installing is a different size than the one you’re replacing, use a hammer and chisel to adjust the openings in the door and door jamb. To install the new knob, first push the new pawl mechanism and face plate into the side of the door, making sure that the latch faces the same direction that the door will close so that it connects correctly with the strike plate, then screw the face plate into place. Insert the handles into the door so that the pawl’s square peg fits into its slot in each knob, the screw holes align with threaded cylinders on each side, and any levers and locks face the right direction — then screw each knob plate into place. Finish it off by screwing on the strike plate.
SOLD at $158,500
SOLD at $389,000
SOLD at $158,500
SOLD at $320,000
Your home could be here! Give us a call! Direct: (410) 936-0055 Office: (410) 543-4545
@ThePayneTeamRE
Let's get
10 Best Housewarming Gifts That They'll Actually Use Tracking down the best housewarming gifts can be almost as tough as finding the right space: How much should you spend? Do you prioritize the kitchen, the living room, or the bathroom? And after days of looking, should you just give up entirely? But folks, worry not: No matter your situation, the perfect present is out there, and we’ll find it together.
Our Place Always Pan
You literally can’t go wrong when gifting the Always Pan. This wonder pan does everything: It sautés, fries, steams, boils, braises, sears, and beyond. It’s made to replace their entire collection of pans, giving them everything they need in one sleek, versatile option. Plus, in colors like sage green, yellow zest, and earthy clay (pictured), it looks sophisticated on any stove.
Anthropologie Delany Candlestick If your friend loves contemporary design, consider gifting this sculptural teal candle holder that’s the perfect base for on-trend twisted candlesticks.
Custom Return-Addres Stamp Help your friends make their new address official with this thoughtful custom address stamp.
Ice Bucket Set An Ice Bucket Set makes the perfect gift for those who like to plan parties. Get a set including a shaker and accessories for drinkers or a set with a scoop and glasses for those who don't.
Woven Weighted Blanket One of our favorite housewarming gift ideas is a weighted blanket. These babies make falling asleep (and staying asleep) a whole lot easier thanks to their gentle, enveloping heft
Custom Serving Tray Custom Serving Trays are a perfect housewarming gift for the entertainer. Varying in different size, colors, and personalized design.
Personalized Tea Towel A fresh set of dish towels is on point for any new kitchen. Check out Etsy for more great designs.
Good vibes: gifting your foodie friend this ravioli-making gadget. Great vibes: being invited over to try out the pasta you made possible. Williams-Sonoma Ravioli Mold with Roller An ultrasonic diffuser with a satisfying heft and pleasing sculptural design, and it shames bulkier, plastic alternatives. It hides easily in any corner but also looks great out in the open. Vitruvi Oil Diffuser Cheese Board Set A Cheese Board Set is a great entertaining staple. This set comes with four bowls and four knives- everything you need to pull off a party in style.
BENEFITS OF HOMEOWNERSHIP
Homeowners ARE 20% More Likely to VOTE than renters.
times longer than renters. 2.5
COMMUNITY Homeowners live in a community over
ECONOMY Homeowners
FAMILY Children of
Housing accounts for: 15% of the nations's GDP
homeowners are 116% More likely to graduate from college.
Renters
A homeowner's net worth is 45.9 times that of renters.
Shawn Hunt Loan Officer – The Hunt Team SVP, Area Manager NMLS ID# 1098459 M: (443) 783-0910 www.HuntTeamMortgage.com CMG Home Loans | NMLS ID# 1820
Myth: You should find your home before getting preapproved. Truth: The first step of the process is to get preapproved so you know your budget and can act quickly when ready to make an offer. A preapproval also makes your offer stronger to sellers. Myth: Start with your lowest offer when buying a home. Truth: You may only get one chance to submit an offer in a competitive market. If there are other offers on the table, your offer may get rejected immediately with no chance to negotiate. Myth: If selling, price your home on the high side. Truth: in reality, homes that are priced competitively will sell faster and are more likely to attract multiple offers, giving you more room to negotiate. Myth: You should renovate your home before selling so you net more. Truth: Make sure to talk to your trusted real estate agent before renovating everything. Some renovations may be necessary, but not all of them, especially since there are so many buyers looking for a home. Myth: Skipping the home inspection is fine if there are no visible issues. Truth: You should always have a home inspection done. There could be hidden problems that would cost you down the line. COMMON REAL ESTATE MISCONCEPTIONS IN TODAY'S MARKET
HOMEOWNERSHIP
TAX BENEFITS 10
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