Farmor Real Estate

For what it’s worth my gut is telling me we are going to see a tick up in inventory for 2020. No real data to back it up but we have had low inventory the past two years.

October housing report is out!

When you get a home loan, you have a down payment, closing costs, prepaid escrows; While you are able to use gifted cash for most loan programs, there is a specific way this needs to be done. #FIMS #HomeLoans #MortgageRates #GiftFunds #DownPayment #HereToHelp

Ready for Mid-Continent Dental Congress 2019! Stop by booth 708 for some candy, pens, and handouts.

I heard someone say in regards to senior housing, That’s for old people, and mind you this person is from the Silent Generation. What I love about this article is it seems to challenge conventional thinking of you’re getting older so it’s time to move to senior housing. A thoughtful quote from James Crispino, People don’t want to go to a place where there’s only a bunch of other old people. I think I now understand the quote That’s for old people, they want to be near family, friends, and life. Another really cool item in the article is a new development called South Seaham Garden Village in the U.K. I’ll leave you with the old saying You’re Only as Old as You Feel You Are.

I read an article from the National Association of REALTORS about a survey from Porch.com. The survey asked what the respondents believe is the safest investment over the next 10 years. One thing doing this industry a grave disservice is calling your home, the place you live, an investment. An investment is something you can buy and then sell for a profit or lose like stocks, bonds, etc. Your home is different in that it’s your home. This is where you come to relax, ra...ise a family, have parties. For a majority of people they can’t just sale there home because they need somewhere to live. Unlike a stock where you can sell that today and get the money. Speaking of getting money from an investment, how do you go about that with your home and not lose the asset or pay someone else i.e. a lender to get your money in this investment. You really can’t. It’s time we start calling our homes for what they really are, ASSETS. Yes, your home is an asset for your estate meaning you probably won’t directly benefit from it but who/whatever inherits your estate when you die will reap the rewards. Real estate in the proper vehicle, rentals or fix/flip, can be a very lucrative investment but calling your home an investment is not accurate and I would be cautious of people that say it is. Personal I feel that U.S. Bonds are the safest investment for the next 10 years. Here is the article: https://magazine.realtor//real-estate-is-the-safest-invest