I love spending time with my kids and now my grandkids. So when I have the day with my grandson I like to find something fun to do with him. And it would be nice this time of year to be outside, now that the weather has cooled and the leaves are changing. So,I want to share with you where I took my grandson and we had a great time being outdoors. Our fun morning at Dickerber’s Farm.
As soon as I pulled into the parking lot Storme got so excited. When I let him out of the car he bolted towards the entrance. He couldn’t wait to get inside. There was a $8.00 admission to the farm during their corn maze season from September to November. Children 3 and under are free. As you can see Storme was having fun with the kittens. I found out they even have Farm camp weeks during summer and fall, and bday partys, weddings and barnyard dances and I’ll have a link for you so you can get the details on the cost.
It was so much fun watching Storme run from one spot to the next. And how the animals were gentle letting Storme pet all over them.
Storme found a kitty that he carried around with he took him with us to see the cow.
For just a $1.00 you can buy food to give to the animals. Which Storme’s favorite was feeding the chickens, which they had plenty of. And he also liked teasing the chickens and to watch them scatter.
They had outbuildings for the kids to explore.
Across a pond swimming with ducks and geese they had a tractor ride for the kids on a wagon filled with strawbails. We visited the Farm through the week so it wasn’t crowded.
We had a fun morning and as we finished up we walked thru the picnic area Storme enjoyed
I hope you get a chance to out Dickherber’s Farm I have a link below with details. If you enjoyed the video I appreciate if you subscribe to my channel I do other videos like this one and real estate tips.
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And stay safe.
10 Reasons to Buy Now….
Many people are too young to remember the interest rates in the 1980’s. But I do, I bought my first house in 1987 and our interest rate was 11%. We didn’t think anything of it at that time we were too excited to start our lives and family in our new home. So, in my video I am covering 10 good reasons why it’s okay to purchase a home in today’s market. My name is Cindy Clarice and I’m a full time RE/MAX Platinum realtor.
First, let’s review the 30-year mortgage rates for perspective. Back in 1981 the interest rate was 18%. They were 6% in 2008 and close to 5% in 2018. So 6%to 7% now is more the norm, regardless of whether they are higher than a year ago.
Number two when mortgage rates are higher, home prices level off because there are some buyers whose finances are so tight they can’t handle even one percentage point. So, the bidding wars that were so common this past couple of years are pretty much over. It’s back to homeowners lowering prices again, which was almost always the norm.
Third you can refinance if and when rates go down. Just because you lock into a rate doesn’t mean paying that for however long you own the property. Refinancing makes a lot of sense if you plan to stay put for several years. A rule of thumb says that you’ll benefit from refinancing if the new rate is at least 1% lower than the rate you have.
Number four there are mortgage alternatives to the 30 or 15 year fixed rates. Adjustable rate mortgages offer flexibility, especially if you’re uncomfortable with the lock-in rates. BUT the long-term rates could rise, so nothing is for sure.
Number five the covid-19 pandemic was a major reason mortgage rates dropped the last few years. Lower interest rates helped make that so. But the pandemic was an outlier, so almost everything was skewed. Mortgage rates are still good now. And with the Fed telegraphing that its’s likely to continue raising interest rates now is a good time to lock in, even at 6% to 7%.
Number 6 you are likely not going to own your new home for 30 years, so the rate is only in effect for how long you live there. And when you sell, you’re likely to. make a profit. The average tenure of people who sold their houses in 2020 was 6.3 years.
Number 7 almost no one ever gets the absolute best mortgage rate and almost no one gets the worst. So, don’t let a number stop you from buying a house. Better to buy now and start building equity that to keep renting with no profit.
Number 8 higher mortgage rates mean higher interest rates, so money you may have in financial accounts will rise.
Number 9 experts recommended paying no more than 33% of your monthly income on housing costs like mortgage payments, taxes and insurance. So, if you’re still within that range don’t sweat it.
Number 10 you can typically lock in your rate for anywhere between 30 and 60 days, although some lenders rate locks for up to 90 days. Ask your lender if they have a “float down” option, which would keep your rate from increasing while allowing you to snag a lower one if mortgage rates fall before closing.
I hope you enjoyed the information I’m sharing from Rismedia by Michael Caterevas
I appreciate if you subscribe to my channel I do a new video like these and lifestyle videos every week.
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Before You BUILD….
If you are thinking of building a house in the current market condition but nervous because you might of heard night mares of other buyers waiting over a year to get their house built, due to shortage of workers and the back order of supplies. Well in my video I am going over what The National Association of Home Builder’s are saying about builders confidence. Hi my name is Cindy Clarice, I’m a full-time RE/MAX Platinum realtor. Stay to the end so you are confident on how you want to move forward with your real estate needs.
According to National Association of Home Builder’s
Well, according to the (NAHB) the National Association of Home Builder’s index measuring the confidence of builders in the new home market has fallen for the ninth straight month. A 3-point month-over month drop put the NAHB/Wells Fargo Housing Market Index (HMI) at 46 in September. NAHB’s chief economist Robert Dietz said, with the exception of the period immediately after the onset of the 2020 pandemic, the index was at its lowest point since May 2014.
The Continuing Decline in the Index
The continuing decline in the index is another sign that elevated interest rates, persistent building material supply chain disruptions and high home prices are coming to take a toll on affordability. Dietz said. The HMI is projecting an ongoing decline in the volume of single-family housing starts, as noted in the graph.
The Housing Market Index
The Housing Market Index is derived from a monthly survey that gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,”fair”, or “poor”. The survey also asks builders to rate traffic of prospective buyers as “high to very high”, “average” or “low to very low.” Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.
All Three Index Components
All three of the index’s components posted fell from their August levels. The component derived from questions about current sales conditions dropped 3 points to 54, while future sales expectations and perceptions of buyer traffic were each down 1 point to 46 and 31, respectively.
Indicators of Weakening Market
Dietz said the survey revealed other indicators of weakening market. Twenty-four percent of respondents said they reduced home prices, a 5-point increase from August and more than half said they were using incentives to boost sales, including mortgage rate buydowns, free amenities and price reductions.
So now that you know feel free to reach out to see if there is money on the table for you if you decide to build.
I appreciate if you subscribe to my channel I do a new video every week, like these and lifestyle videos.
As always please feel free to reach out
And stay Safe!
Sellers Are going To Have to Be Aware
Sellers are going to have to be aware the market is softening we are seeing True
Tale signs that there is a change coming. These past couple of years, sellers were able to put their homes on the market with hardly any preparation. And in areas where there was an occupancy required the sellers weren’t even full filling their obligations and pushed them off on the buyer because THEY COULD!
Listings 🏠 🏠 🏠 were getting offers during the coming soon phase…..And in neighborhoods, where the school district maybe wasn’t the best normally those listings sat longer on the market. But in the past we saw homes even in those neighborhoods that were updated sold in bidding wars as well.
Sellers, had it easy they didn’t have to pay for a home 🏠 warranty , negotiate a building inspection 🧐 , and in many cases didn’t even have to worry about an appraisal ＄ . Lots of time even a cash buyer 💸
Closing Cost wasn’t even a thought to ask the sellers to pay especially for first time home buyers – it was another cost the buyer 😢 had to accrue.
In My Video Show Signs Of CHANGE
➡️➡️➡️In my video I am going to go over signs that us realtors are seeing in our business everyday the change that is happening in our local market. My name is Cindy Clarice, I’m a full time RE/MAX Realtor stay to the end if you are thinking of putting your house on the market you want to be prepared.
You hear on the News 📣 what is going on in the real estate market 🏠 Nationally. I’m covering the pulse of our local real estate market – the shifts that we are seeing.
Need To Prepare
First, we have seen less showings on our New Listings – resulting to more days 📆 on the market. It can become more stressful on the sellers having to keep their house in showing condition and having to leave whenever a showing is scheduled. Especially, irritating for sellers who work from home.
Second, in the past several years - when a hot property came on the market it would receive Multiple Offers and usually way over asking price before the seller even had an opportunity to do an Open House. These days we are seeing more Open House’s.
Third, our Title company puts together a list of homes 🏠 🏠 🏠 that are For Sale that agents have submitted to her for the Weekly Tuesday’s Agent Tour. Well, in the past couple of years the list has been small to sometimes not even one house to tour Because they sold so Fast. However, now the list of homes to tour is starting to grow and the need for the agent tour caravan is becoming a Prominent Necessity again.
Fourth, we are seeing Price Reductions – Sellers are no longer able to Come out on the Market with the Inflated Price – like they have in the past with multiple offers and over the Crazy High Price they are asking already for the house.
These past couple years have been great for Investors to sell their Rental Properties. They were able to sell their house with their Tenants In Them and not have to disturb them with any showings until after an Offer Has Been Accepted.
Who Controls Market Share
Sellers are finding out they are having to Reign Back on the control of the market share – with fewer buyers able to buy their home. As we start to see more homes staying on the market longer than we have in the past several years 😳.
That is why I want to show you the stats from the St. Charles County Board of Realtors In my first chart I ran the statistics for homes that sold in St. Charles County within the past 12 months the median sale price and the median days on the market.
Median Sale Price NOW
And just to clarify what median homes sales price means is that half the homes sold for over this price and half the homes sold for less than this price. You can see going back the past 12 months in the month of June is when we had the peak for the median homes that sold which was $345,000. And we have seen a decline in July and August at $324 Next month September stats will be in.
And in the last chart I want to show you the months of inventory we have for St. Charles County the stats are from the past 12 months. From October 2021 we have seen a gradual growth from 0.81 months of inventory to the latest in August our inventory grew to 1.13 months of inventory.
If You Are Thinking of Selling
If you are thinking about Selling Your Home - its never too early to Reach Out and see what you need to do to get top dollar for your home in the quickest amount of time.
Please subscribe to my channel I do a new video every week, lifestyle videos and other real estate market Updates.
As always please feel free to reach out ☎️ 📧💻
And stay safe,