Posts Tagged ‘g team’

Why should I refinance?

Positive statements by the Federal Reserve Board regarding the pace of future hikes in interest rates and the release of weak employment data have served to bring rates down moving into the spring selling season. This unexpected move in rates give Americans a unique opportunity to save money through refinancing or making their new dream home more affordable. From mid-September of last year to early-April of this year, Freddie Mac has reported that average rates on a 30-year fixed loan have moved down slightly more than one-half of one percent. This amounts to a savings of more than $1,500 annually for a $300,000 mortgage and $45,000 over the life of the mortgage. Recently, Black Knight Financial Services found that, in light of recent interest rate decreases on home loans, 7.1 million Americans would currently benefit by refinancing. In addition, Zillow has reported that 5.2 million renters are planning to purchase a home in the next year. Sources: Freddie Mac, Zillow & HousingWire

Fifty-four percent of for-sale listings of existing homes are within reach for a median-income household in the U.S., according to a new analysis by realtor.com®. Their analysts used the national median income of $51,801 to determine how many of the site’s 1.6 million listings would be affordable to an average family, while also assuming a 20 percent down payment and 30-year fixed-rate mortgage. The monthly payment couldn’t exceed 28 percent of the family’s income. “So far this year we are hearing from home shoppers that finding a home that meets their needs or budget is the biggest impediment to buying,” says Jonathan Smoke, realtor.com®’s chief economist. “The good news from this data is that more than half of the listings nationwide are by definition affordable.” Realtor.com® analysts also found that existing homes tended to be much more affordable than new homes. In February, realtor.com® had more than 7,700 actively selling new-home communities listed, with an inventory of nearly 57,000 homes available for sale. Only 21 percent of those new homes, however, were deemed affordable. Source: realtor.com®

As Millennials begin to enter the homebuying market in larger numbers, homes will get a little smaller, laundry rooms will be essential, and home technology will become increasingly prevalent, said panelists during an International Builders’ Show press conference on home trends and Millennials’ home preferences. NAHB Assistant Vice President of Research Rose Quint predicted that the growing numbers of first-time homebuyers will drive down home size in 2015. Three million new jobs were created in 2014, 700,000 more than the previous year “and the most since 1999,” Quint said. At the same time, regulators have reduced downpayment requirements for first-time homebuyers from five percent to three percent and home prices have seen only moderate growth. “All these events lead me to believe that more people will come into the market, and as younger, first-time buyers, they will demand smaller, more affordable homes,” Quint said. “Builders will build whatever demand calls out for.” Of the Top 10 features mentioned by home builders, four have to do with energy efficiency: Low-E windows, Energy Star-rated appliances and windows and programmable thermostats. The top features: a master bedroom walk-in closet and a separate laundry room.

Source: National Mortgage Professional

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15 Things Highly Confident People Don’t Do

Old Republic Home Protection (ORHP) - In Touch Newsletter

15 Things Highly Confident People Don’t Do15 Things Highly Confident People Don’t Do
By Daniel Wallen

Highly confident people believe in their ability to achieve. If you don’t believe in yourself, why should anyone else put their faith in you? To walk with swagger and improve your self-confidence, watch out for these fifteen things highly confident people don’t do.

1. They don’t make excuses.

Highly confident people take ownership of their thoughts and actions. They don’t blame the traffic for being tardy for work; they were late. They don’t excuse their short-comings with excuses, such as “I don’t have the time” or “I’m just not good enough”; they make the time and they keep on improving until they are good enough.

2. They don’t avoid doing the scary thing.

Highly confident people don’t let fear dominate their lives. They know that the things they are afraid of doing are often the very same things that they need to do in order to evolve into the person they are meant to be.

3. They don’t live in a bubble of comfort.

Highly confident people avoid the comfort zone because they know this is a place where dreams die. They actively pursue a feeling of discomfort because they know stretching themselves is mandatory for their success.

4. They don’t put things off until next week.

Highly confident people know that a good plan executed today is better than a great plan executed someday. They don’t wait for the “right time” or the “right circumstances,” because they know these reactions are based on a fear of change. They take action here, now, today—because that’s where progress happens.

5. They don’t obsess over the opinions of others.

Highly confident people don’t get caught up in negative feedback. While they do care about the well-being of others and aim to make a positive impact in the world, they don’t get caught up in negative opinions that they can’t do anything about. They know that their true friends will accept them as they are, and they don’t concern themselves with the rest.

6. They don’t judge people.

Highly confident people have no tolerance for unnecessary, self-inflicted drama. They don’t feel the need to insult friends behind their backs, participate in gossip about fellow co-workers, or lash out at folks with different opinions. They are so comfortable in who they are that they feel no need to look down on other people.

7. They don’t let lack of resources stop them.

Highly confident people can make use of whatever resources they have, no matter how big or small. They know that all things are possible with creativity and a refusal to quit. They don’t agonize over setbacks, but rather focus on finding a solution.

8. They don’t make comparisons.

Highly confident people know that they are not competing with any other person. They compete with no other individual except the person they were yesterday. They know that every person is living a story so unique that drawing comparisons would be an absurd and simplistic exercise in futility.

9. They don’t find joy in people-pleasing.

Highly confident people have no interest in pleasing every person they meet. They are aware that not all people get along, and that’s just how life works. They focus on the quality of their relationships, instead of the quantity of them.

10. They don’t need constant reassurance.

Highly confident people aren’t in need of hand-holding. They know that life isn’t fair and things won’t always go their way. While they can’t control every event in their lives, they focus on their power to react in a positive way that moves them forward.

11. They don’t avoid life’s inconvenient truths.

Highly confident people confront life’s issues at the root before the disease can spread any farther. They know that problems left unaddressed have a way of multiplying as the days, weeks, and months go by. They would rather have an uncomfortable conversation with their partner today than sweep an inconvenient truth under the rug, putting trust at risk.

12. They don’t quit because of minor set-backs.

Highly confident people get back up every time they fall down. They know that failure is an unavoidable part of the growth process. They are like detectives, searching for clues that reveal why this approach didn’t work. After modifying their plan, they try again (but better this time).

13. They don’t require anyone’s permission to act.

Highly confident people take action without hesitation. Every day, they remind themselves, “If not me, who?”

14. They don’t limit themselves to a small toolbox.

Highly confident people don’t limit themselves to plan A. They make use of any and all weapons at their disposal, relentlessly testing the effectiveness of every approach until they identify the strategies that offer the most results for the least cost in time and effort.

15. They don’t blindly accept what they read as “truth” without thinking about it.

Highly confident people don’t accept articles on the Internet as truth just because some author “said so.” They look at every how-to article from the lens of their unique perspective. They maintain a healthy skepticism, making use of any material that is relevant to their lives and forgetting about the rest. While articles like this are a fun and interesting thought-exercise, highly confident people know that they are the only person with the power to decide what “confidence” means.

Daniel Wallen is the CEO (Chief Empowerment Officer) of the Wallen Way. He is a personal trainer, Lifehack contributor, and author of The Busy Woman’s Guide to Getting Fit, Fierce, and Fabulous. Click here to access his e-mail course, the Mind + Body Make-Over.

Real Estate Report March 2014

Wilson County Real Estate Report
March 2014

Spring is in the air and the Real Estate Market in Wilson County is in full bloom.

March real estate rebounded very well from our “freeze” in February. March ended with 174 residential single family home sales across the county, an improvement of 69 over the month before.

Mt Juliet dominated the market with 55% of the sales for the month with a total of 96. 6 of those sales were foreclosures/short sales while 31 were new construction. The median sales price in March in Mt Juliet of existing home sales is $225,900 with a median price p/sq foot of $105.55 and a median day on the market of 42. Homes are selling on average for 97% of sales price and have a median square footage of 2289. Of the 31 new home sales, 3 are in Del Webb and the rest are spread throughout Mt Juliet. The 28 new homes that sold out of Del Webb had a median sales price of $348,450 with a median price p/sq foot of $123.94 and a median square footage total of 2952.

Lebanon came in a strong second with 38% of the market share with 64 total sales in March. Of the 47 existing home sales, the median sales price was $164,500 with a median price p/sq foot of $90.06 and a median days on the market of 67. Homes in Lebanon are selling for an average of 97% of asking price and have a median square footage of 1959. New home construction is proving to be a strong factor in Lebanon as well. 17 new homes sold in Lebanon in March with a median sales price of $224,90, a median price p/sq foot of $111.25 and a median sq feet of 1947.

Watertown wrapped up March with 6 sales, none of which were new construction and 3 (50%) were foreclosures/short sales. The median sales price in March was $210,000 with a median price p/sq foot of $85.72. Homes in Watertown averaged selling for 94% of list price.

Old Hickory ended the month with 8 sales, 1 of which was new and no foreclosures/short sales. The median sales price in Old Hickory is $169,900 with a median price p/sq foot of $95.65 and a median days on the market of 82. The 1 new construction that sold in March sold for $466,000 with 3787 sq feet and had a lake view.

As the housing market in Wilson Co continues to in a seller’s market, we are experiencing a housing shortage as well as seeing multiple offers on the same homes become a common occurrence. Homes that are presented well and priced in the market are selling and selling quickly for the most part, some areas much quicker than others.

If seller’s are thinking of selling or buying, call your Realtor to see if now if the right time for you and your situation. Don’t miss out on this prime opportunity if you’re in the market!

Submitted by:
Amy Hamilton
2014 President
Eastern Middle TN Association of REALTORS

Fall Home Maintenance List

Here’s your to-do list:
Drain underground sprinkler systems.

Have outdoor pools drained and professionally serviced.

Drain exterior water pipes and any pipes that run through unheated areas (such as a garage, crawl space or unheated porch). If draining these pipes isn’t possible, wrap them with foam insulation or heat tape.

Cover exposed spigots with foam covers. Or, if cosmetics and ease of removal don’t matter, wrap spigots in layers of newspaper, cover the newspaper with a plastic bag, and seal the whole affair with duct tape.

Drain and store garden hoses. Leave one hose and nozzle somewhere that’s easily accessible; you’ll need it for gutter cleaning and car washing.

Stay tuned for more home maintenance tips from the G Team!

Summer Home Maintenance Checklist

1. Switch ceiling fan blades

2. Clean dryer vents

3. Tune up yard and garden equipment

4. Sharpen mower blades

5. Clean gutters

6. Inspect gutters
A. Clean out downspout ends

7. Inspect for roof leaks

8. Check for foundation cracks

9. Patrol the grounds

10. Scrub the decks and porches

11. Seal decks against weather