Archive for April, 2014

Get listings by looking to the Millennial Generation

April 25th, 2014

Spring has sprung and the sunrise was glorious this morning! NOW it’s time to put a little spring in our step.   Every indication has this year as being a GREAT YEAR – so let’s get it going! Stop paying attention to the conflicting housing reports and headlines, let’s just get out there and create some business! Here’s an idea to score a doubleheader:

Get listings by looking to the Millennial Generation – those born after 1980: Look for that 29- to 34-year old homeowner right now that bought in 2010 when the government offered them a $10,000 home-buying tax credit but they settled for a smaller house than they wanted, or they settled for a town home or condo because that’s all they could afford. Now it’s time for them to move up. They’re married and now they have a kid or two. Maybe that town home or condo isn’t big enough anymore. Maybe that two-bedroom house on that little piece of property isn’t good enough anymore. They’re looking to move!

Depending on which survey or study you look at, somewhere between 38.7 and 43% of all millennials own a home.   But the house they bought four-five years ago might not be the house they need right now. Over the most recent year that was studied by NAR, the millennial generation as a percentage of all homebuyers was the largest. There were more homes purchased by the millennial generation than by any other generation. Read the rest of this entry »

Happy Easter! -The Kate Wilson Team

April 18th, 2014

Easter is really an entire season of the Christian church year, as opposed to a single-day observance. As I read through various articles about Easter, it is clear that the exact origins of this religious feast day’s name are unknown. Some sources claim the word Easter is derived from Eostre, a Teutonic goddess of spring and fertility.  Other accounts trace Easter to the Latin term hebdomada alba, or white week, an ancient reference to Easter week and the white clothing donned by people who were baptized during that time. In Spanish, Easter is known as Pascua; in French, Paques. These words were derived from the Greek and Latin words Pascha or Pasch, meaning Passover. Pascha eventually came to mean Easter.

Lent, the 40-day period leading up to Easter Sunday, is a time of reflection and penance and represents the 40 days that Jesus spent alone in the wilderness before starting his ministry, a time in which Christians believe he survived various temptations by the devil. The day before Lent, known as Mardi Gras or Fat Tuesday, is a last hurrah of food and fun before the fasting begins. The week preceding Easter is called Holy Week and includes Maundy Thursday, which commemorates Jesus’ last supper with his disciples; Good Friday, which honors the day of his crucifixion; and Holy Saturday, which focuses on the transition between the crucifixion and resurrection. The 50-day period following Easter Sunday is called Eastertide and includes a celebration of Jesus’ ascension into heaven. It really is more than just one day. Read the rest of this entry »

NOW is a great time to reach out to your sphere of influence and into your database searching for potential vacation-home buyers. -By Barb Crea

April 11th, 2014

Yesterday’s high temp of 73 degrees gave way to a fabulous day out at Target Field for the Twins’ Home Opener and the opening of several golf courses in the area. With the Fishing Opener just about a month away, the dream of purchasing a vacation home is on the minds of many. According to the National Association of Realtors, analysis of U.S. Census Bureau data shows there are approximately eight million vacation homes in the U.S. Their 2014 Investment and Vacation Home Buyers Survey shows vacation home sales improved substantially in 2013.

Steve Harney’s KCM Blog recently touched on the following key findings from the report:

- The typical vacation-home buyer was 43 years old
– The median household income was $85,600
– 87% want to use the property for vacations or as a family retreat
– 31% plan to use it as a primary residence in the future
– 46% purchase a vacation home within 100 miles of their primary residence
– 38% of vacation-home buyers paid cash in 2013

Paying cash isn’t always an option, nor is it always the best financial decision. Second homes can be financed with as little as 10% down.

Second Homes

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This designation supports what all of us at Fairway have always known – WE ROCK! -By Randy Cullen

April 4th, 2014

The mortgage company you choose to work with can make all the difference to you, your business, and your clients. Not all mortgage companies are created equal. Fairway Independent Mortgage was recognized by Mortgage Executive Magazine as the Number 1 place to work based on votes cast by its loan originators. This designation supports what all of us at Fairway have always known – WE ROCK!

The company was founded in 1996 by our leader, Steve Jacobson, and is a nationwide network of branches and over 1500 employees. Growing from humble beginnings through a customer first mind set, we are led by the following core values that all of us live by:

Humility First. We are always grateful for the opportunities we’ve had, past, present and future.

Foster Growth and Knowledge. We are constant learners and the company supports ongoing training and education.

Have Fun. We enjoy where we work and the people we work with.

Create an Amazing Experience. The goal is to provide a smooth and seamless transaction for all of our customers.

Speed to Respond. The team at Fairway knows that responding to our individual needs must be quick and accurate.

Seek Wise Counsel. Fairway is always on the cutting edge of providing the information that is timely and, most importantly, accurate in our ever changing regulatory environment. We always want to make the right decisions for clients. Read the rest of this entry »