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Buying | The Keenan Carter Group, Keller Williams Realty CC Blog

Monday, August 19, 2024   /   by Dick Keenan

How Mortgage Rate Changes Impact Your Home Buying Power

If you’re considering buying or selling a home, mortgage rates are likely at the forefront of your thoughts. These rates play a crucial role in determining how much you’ll pay each month on your mortgage, so it’s important to factor them into your plans. Here’s what you need to know about the current mortgage rate landscape and how it affects your buying power.

What’s the Current Trend with Mortgage Rates?

Recently, mortgage rates have been on a downward trend, which is promising news for those looking to buy a home. However, it’s essential to remember that mortgage rates can be unpredictable. They are influenced by a variety of factors, including the state of the economy, the job market, inflation, and the Federal Reserve’s policies.

As Odeta Kushi, Deputy Chief Economist at First American, points out, “The ongoing deceleration in inflation, coupled with the Federal Reserve’s recent indication of potential rate cuts [in 20. ...

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Wednesday, August 7, 2024   /   by Dick Keenan

Effective Negotiation Strategies for Today’s Housing Market

Homebuyers are beginning to reclaim some negotiating power in the current market. While it’s not quite a buyer’s market, this shift means buyers might have more room to make requests. Sellers should be prepared for this possibility and know their boundaries when it comes to negotiations.

Whether you're buying or selling, understanding potential negotiation points is crucial. Here’s a quick overview of what might come up during your transaction so you can be prepared.

What Can Be Negotiated?

Almost everything in a home purchase is open for negotiation. Here are some key areas, according to Kiplinger and LendingTree:


Sale Price

The most obvious point of negotiation is the sale price. With affordability being a concern, buyers don’t want to overpay. Sellers need to be realistic about their asking prices and may need to adjust if they’re not seeing offers.

Home Repairs

After an inspection, buyers can request that sellers make necessary r. ...

  real estate, keenan carter group, keller williams, central coast, home buyer, home purchase, buying, for home buyers

Friday, June 21, 2024   /   by Dick Keenan

Your Equity Could Make a Move Possible

Many homeowners today feel trapped by the current high mortgage rates, making the idea of selling and moving less appealing. If you’re in this situation, it might seem like there’s no good solution. However, there’s a potential way to counteract these higher borrowing costs: leveraging the equity in your current home.

What Is Equity?

Equity is essentially the difference between your home's market value and what you owe on your mortgage. As you pay down your mortgage and as home values rise, your equity increases. Recent years have seen significant home price appreciation, so many homeowners have more equity than they might realize.

According to the latest data from the Census and ATTOM, over two-thirds of homeowners have either completely paid off their mortgages or have at least 50% equity in their homes.

How Your Equity Can Help You Move

Your home equity can be a powerful tool when selling your house, helping you navigate higher mortgage rates more ea. ...

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Friday, June 21, 2024   /   by Dick Keenan

Why a Vacation Home Is the Ultimate Summer Upgrade

With summer in full swing, it's the ideal time to plan your getaway and enjoy some relaxation. If you’re eager to soak up the sun and have some fun, you might want to consider whether owning a vacation home is the right choice for you.

Why People Buy Vacation Homes

A survey by Ameriprise Financial reveals several reasons why people choose to purchase a second home:



Vacation Destination or Stress Reliever (81%): Owning a vacation home provides a personal retreat where you can escape the daily grind and unwind. You also won’t need to worry about booking accommodations when you want to get away.




Better Weather (49%): If you live in an area with harsh weather, a vacation home in a sunny, warm location offers a great escape, letting you enjoy pleasant weather year-round.




Rental Income (41%): When you’re not using your vacation home, you can rent it out, providing a source of extra income.




Future Primary Residence (33%): You can enjoy. ...

  real estate, home purchase, buying, california living

Friday, October 9, 2020   /   by Traci Pimentel

Should You Buy a Retirement Home Sooner Rather than Later?

Every day in the U.S., roughly 10,000 people turn 65. Prior to the health crisis that swept the nation in 2020, most people had to wait until they retired to make a move to the beach, the golf course, or the senior living community they were looking to settle into for their later years in life. This year, however, the game changed.
Many of today’s workers who are nearing the end of their professional careers, but maybe aren’t quite ready to retire, have a new choice to make: should I move before I retire? If the sand and sun are calling your name and you have the opportunity to work remotely for the foreseeable future, now may be a great time to purchase that beach bungalow you’ve always dreamed of or the single-story home in the sprawling countryside that might be a little further out of town. Whether it’s a second home or a future retirement home, spending the next few years in a place that truly makes you smile every; ...

  real estate, keenan carter group, keller williams, central coast, home buyer, selling a home, time to sell your home, low interest rates, buying retirement home, retirement, retirement home, retirement investment

The Keenan Carter Group
Richard Keenan And Narlene Carter Keenan
350 James Way, Ste 130
Pismo Beach, CA 93449
805-773-7711
Keller Williams Realty Central Coast DRE# 02005015
The Keenan Carter Group DRE# 00860187
Each Office is Independently Owned and Operated.

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Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
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