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Tuesday, March 31, 2020

How Far Your Dollar Goes And The Economic Impact of Buying A Home

How Far Your Dollar Goes And The Economic Impact of Buying A Home: We’re in a changing real estate market, and life, in general, is changing too – from how we grocery shop and meal prep to the ways we can interact with our............BY 

 

The Economic Impact of Buying a Home | MyKCM
We’re in a changing real estate market, and life, in general, is changing too – from how we grocery shop and meal prep to the ways we can interact with our friends and neighbors. Even practices for engaging with agents, lenders, and all of the players involved in a real estate transaction are changing to a virtual format. What isn’t changing, however, is one key thing that can drive the local economy: buying a home.
We’re all being impacted in different ways by the effects of the coronavirus. If you’re in a position to buy a home today, know that you’re a major economic force in your neighborhood. And while we all wait patiently for the current pandemic to pass, there are a lot of things you can do in the meantime to keep your home search on track.
Every year the National Association of Realtors (NAR) shares a report that notes the full economic impact of home sales. This report summarizes:
“The total economic impact of real estate related industries on the state economy, as well as the expenditures that result from a single home sale, including aspects like home construction costs, real estate brokerage, mortgage lending and title insurance.”
Here’s the breakdown of how the average home sale boosts the economy:The Economic Impact of Buying a Home | MyKCMWhen you buy a home, you’re making an impact. You’re fulfilling your need for shelter and a place to live, and you’re also generating jobs and income for the appraiser, the loan officer, the title company, the real estate agent, and many more contributors to the process. For every person or business that you work with throughout the transaction, there’s also likely a team behind the scenes making it all happen, so the effort multiplies substantially. As noted above in the circle on the right, the impact is almost double when you purchase new construction, given the extra labor it requires to build the home.
The report also breaks down the average economic impact by state:The Economic Impact of Buying a Home | MyKCMAs a buyer, you have an essential need for a home – and you can make an essential impact with homeownership, too. That need for shelter, comfort, and a safe place to live will always be alive and well. And whenever you’re able to act on that need, whether now or later, you’ll truly be creating gains for you, your family, local business professionals, and the overall economy.

Bottom Line

Whenever you purchase a home, you’re an economic driver. Even if you’re not ready or able to make a move now, there are things you can do to keep your own process moving forward so you’re set when the time is right for you. Let’s connect to keep your home search – and your local contributions – on track.


What is My Home Worth?

#ChrisBJohnsonREALTOR,#TopProducer,#FlipandFix,#RealEstateInvestor,#RentalProperties, #BoomerageBuyers,#MultiGenerationalBuyers,#AJIBoom,#FindYourDreamHome,#PreApproval

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About Me

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Chris B. Johnson REALTOR® Specializes in Luxury Estates and Home Auctions. Your home is probably the biggest asset you own. This is why you should hire a professional to guide you through all your real estate transactions. My goal is to help 24 to 28 families each year either buy or sell a home. I am NOT interested in Selling 100 or 200 homes a year because I would not be able to give each family the time, attention and energy they deserve. I believe in Quality, NOT Quantity.
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
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TOPIC:
 Home Buying
LOCATION:
 
California Ventura County  LA County
TAGS:
 
preapproval
 
topproducer
 
hyperlocal
 
firsttimehomebuyers
 
realestateinvestor
 
chrisbjohnsonrealtor
 
rentalproperties
 
timetobuy
 
ajiboom
 
findyourdreamhome
 
5starrealtor
 
moveuphomebuyers
 
flipandfix
 
boomeragebuyers
 
multigenerationalbuyers
#TimeToBuy,#FirstTimeHomeBuyers,#MoveUpHomeBuyers,#5StarREALTOR,#HyperLocal,
#ChrisBJohnsonREALTOR,#TopProducer,#FlipandFix,#RealEstateInvestor,#RentalProperties, #BoomerageBuyers,#MultiGenerationalBuyers,#AJIBoom,#FindYourDreamHome,#PreApproval, #homebuyers #preapproved #buildingwealth #refi #fixandflip #refinance #xomeagentnetwork #bidonhomes #14242valleyvista #363benttwig #3676_5thave #no_ibuyers #yournexthome #16930encinohillsdrive

Monday, March 30, 2020

Is The Best Advice Necessarily The Perfect Advice AND Should It Be??

Is The Best Advice Necessarily The Perfect Advice AND S: The angst caused by the coronavirus has most people on edge regarding both their health and financial situations. It’s at times like these when we want ....BY 
 
#GoodRealEstateAdvice   http://www.ChrisBJohnsonRealtor.AllisonJamesInc.com/blog.phphttps://www.facebook.com/VenturaCountyEstateShortSaleBankOwnedRealtor/    

The Best Advice Does Not Mean Perfect Advice | MyKCM
The angst caused by the coronavirus has most people on edge regarding both their health and financial situations. It’s at times like these when we want exact information about anything we’re doing – even the correct protocol for grocery shopping. That information brings knowledge, and this gives us a sense of relief and comfort.
If you’re thinking about buying or selling a home today, the same need for information is very real. But, because it’s such a big step in our lives, that desire for clear information is even greater in the homebuying or selling process. Given the current level of overall anxiety, we want that advice to be truly perfect. The challenge is, no one can give you “perfect” advice. Experts can, however, give you the best advice possible.
Let’s say you need an attorney, so you seek out an expert in the type of law required for your case. When you go to her office, she won’t immediately tell you how the case is going to end or how the judge or jury will rule. If she could, that would be perfect advice. What a good attorney can do, however, is discuss with you the most effective strategies you can take. She may recommend one or two approaches she believes will be best for your case.
She’ll then leave you to make the decision on which option you want to pursue. Once you decide, she can help you put a plan together based on the facts at hand. She’ll help you achieve the best possible resolution and make whatever modifications in the strategy are necessary to guarantee that outcome. That’s an example of the best advice possible.
The role of a real estate professional is just like the role of the lawyer. An agent can’t give you perfect advice because it’s impossible to know exactly what’s going to happen throughout the transaction – especially in this market.
An agent can, however, give you the best advice possible based on the information and situation at hand, guiding you through the process to help you make the necessary adjustments and best decisions along the way. An agent will get you the best offer available. That’s exactly what you want and deserve.

Bottom Line

If you’re thinking of buying or selling, contact a local real estate professional to make sure you get the best advice possible.


What is My Home Worth?

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Chris B Johnson
  http://www.ChrisBJohnsonRealtor.AllisonJamesInc.com/blog.phphttps://www.facebook.com/VenturaCountyEstateShortSaleBankOwnedRealtor/    
 

Blog Archive

About Me

My photo
Chris B. Johnson REALTOR® Specializes in Luxury Estates and Home Auctions. Your home is probably the biggest asset you own. This is why you should hire a professional to guide you through all your real estate transactions. My goal is to help 24 to 28 families each year either buy or sell a home. I am NOT interested in Selling 100 or 200 homes a year because I would not be able to give each family the time, attention and energy they deserve. I believe in Quality, NOT Quantity.
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
POSTED BY
TOPIC:
 Real Estate Market Trends
LOCATION:
 
California Ventura County  LA County
TAGS:
 
preapproval
 
topproducer
 
hyperlocal
 
firsttimehomebuyers
 
realestateinvestor
 
chrisbjohnsonrealtor
 
rentalproperties
 
timetobuy
 
ajiboom
 
findyourdreamhome
 
5starrealtor
 
moveuphomebuyers
 
flipandfix
 
boomeragebuyers
 
multigenerationalbuyers
#TimeToBuy,#FirstTimeHomeBuyers,#MoveUpHomeBuyers,#5StarREALTOR,#HyperLocal,
#ChrisBJohnsonREALTOR,#TopProducer,#FlipandFix,#RealEstateInvestor,#RentalProperties, #BoomerageBuyers,#MultiGenerationalBuyers,#AJIBoom,#FindYourDreamHome,#PreApproval, #homebuying #homeownership #homebuyers #preapproved #buildingwealth #refi #refinance #fixandflip #xomeagentnetwork #no_ibuyers #bidonhomes #16930encinohillsdrive #363benttwig #3676_5thave #14242valleyvista
#TimeToBuy,#FirstTimeHomeBuyers,#MoveUpHomeBuyers,#5StarREALTOR,
#HyperLocal,#ChrisBJohnsonREALTOR,#TopProducer,#FlipandFix,
#RealEstateInvestor,#RentalProperties,#BoomerageBuyers,
#MultiGenerationalBuyers,#AJIBoom,#FindYourDreamHome,#PreApproval, #homebuying #homeownership #homebuyers #preapproved #buildingwealth #refi #refinance #fixandflip #xomeagentnetwork #no_ibuyers #bidonhomes #16930encinohillsdrive #363benttwig #3676_5thave #14242valleyvista