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Expert Tips for Home Buyers & Sellers

Our mission at Kittle Real Estate is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, our team of professionals can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

Monday, April 3, 2017

What Does the Recent Fed Hike Mean for Mortgage Rates?

Today I’m bringing you a quick update on what’s going on in the mortgage world.

In late March, the Fed raised the bank to bank interest rate by 0.25%. However, that doesn’t mean mortgage rates jumped as well.

In fact, the opposite is true. Mortgage rates actually dropped 0.25% following the Fed increase.

"Usually bad news for the economy is good news for mortgage rates."

Bad news for the economy is usually good news for interest rates. For example, the stock market reacted negatively to a few things recently and that was good news for mortgage rates. A 0.25% drop might not sound like much, but on a $300,000 home, that equates to saving $45 a month or $15,000 over the life of the loan. It also means you can get approved for $10,000 to $20,000 more on a home loan.

Most people think the Fed dictates mortgage rates, but the market does. Rates change daily, sometimes even more than once a day. To get the most up-to-date information on mortgage rates, the best thing to do is contact your local mortgage lender. If you need any recommendations, I’d be glad to help out.

If you have any other questions, please feel free to give me a call or send me an email. I look forward to hearing from you!

Tuesday, March 21, 2017

How to Snag Your Dream Home Without Breaking the Bank

Can you find your dream home on a budget? Yes!

Can you get your dream home if you’re on a limited budget? Of course! There are just a few steps you need to take. 

"Talk to a mortgage broker to see what you can qualify for."

First, make sure you talk to a mortgage broker to see what you qualify for. From there, we can discuss what features you want in the pool of homes that you qualify for. This includes the size of the yard, location, whether the property has a pool, size of bedrooms, number of bathrooms, etc. 

Then we will take a look at the available inventory on the market. From there, we will narrow down what locations and features are going to be realistically available to you. You may have to compromise on some items, but you will ultimately find the home of your dreams. 

If you have any questions, please give me a call or send me an email. I’m always happy to help! 

Tuesday, February 14, 2017

Your Real Estate Questions Answered

I was recently on a radio show answering some great questions about real estate and I wanted to share those with you today. 

I was recently a guest on 600 KCOL Fox News Radio with Jimmy Lakey to a few questions about the real estate world, and I want to share those answers with you today.

Q: Does it make sense to start planning upgrades and remodels if the seller isn’t going to sell for four years?

A: Honestly, the sooner the better. I have clients that have met with me to discuss the sale of their home in two years, so four years in advance would break my record, but I think it would be a smart way to approach adding value. Make sure you’re careful with how you upgrade and which remodels you undertake.

For example, I once had a home that I had lived in for 10 years and made some upgrades to including a great tile backsplash. When I went to sell it five years later, that backsplash was already outdated. Make sure you choose finishes that are timeless without too much personality. When it comes to sitting down and figuring out what those items would be and the best way to approach working those upgrades into your home, the sooner the better.

Q: When you hire Rob Kittle, you hire a team. Tell us a little bit about the Rob Kittle team. 

A: There are about 23 people that work with the Rob Kittle team right now, which includes a team of specialists. It seems that one of the biggest complaints when it comes to working with a single agent is that the client never knows what’s going on. With a team there is more communication and clients are informed about every step of the process. It’s one thing to promise that you’re a good agent, and another thing to prove it, and I feel our team works hard to prove it.

Q: Are Zillow’s estimates accurate?

A: The founder of Zillow has said that their estimates are within 20% accuracy, so be cautious with those. Zillow’s estimates don’t take into account if you’ve done any upgrades or remodeling, which is obviously going to have a huge impact on your home’s true value.

Q: I’ve seen you in a moving truck around town, what’s that about?

A: The moving truck is just another service that we offer our buyers and sellers. If you are going through a transaction with us or if you’re a past client, we’re going to let you use our moving truck. It’s actually a pretty popular service, and I’ve had to look into buying a couple more.

If you have any other questions about real estate that you’d like me to answer, or if you’re looking to buy or sell a home, feel free to give me a call or send me an email. I also encourage you to check out Jimmy Lakey's Radio Show- KCOL Morning's with Jimmy Lakey!

I look forward to hearing from you!