Sunday, January 19, 2020
BY HOM EDITORIAL TEAM

You did it—you bought a house! As new homeowner Kashif Khan shares, “When you’re creating a dream home for your family it has to be perfect—nothing less will do.” After the extensive process of finding the perfect dream home, now you’re finally ready for the big move.

Taking that huge step towards homeownership is the toughest part, although the transition and moving in itself isn’t always the easiest process, either. With these moving hacks, you’ll seamlessly ease into being a homeowner and become comfortable in your new city and home in no time at all.

Fixed-Rate Mortgage 
BY ANTHONY SANFILIPPO
 

When it comes to financing the purchase of a home, there is an option that is a gold standard, and then there is everything else.

That option is a 30-year fixed-rate mortgage (FRM). And it is so uniquely American in its ideology.

“The 30-year FRM isn’t widely available in other countries,” said Ken Fears, Senior Policy Advisor for the Advocacy Group at the National Association of REALTORS® (NAR). “It’s a huge advantage for consumers because it allows them to have a better idea of how to manage their finances. Equity isn’t built as quickly, but it provides a lower, more stable payment.”

home sweet home

BY ANTHONY SANFILIPPO

 

Becoming a first-time homebuyer is an exciting time in anyone’s life. But sometimes it’s hard to tell where the excitement begins and the anxiety ends.

That’s because while the good energy pumping through one’s veins is directly attributed to making the investment of owning a home, racing right alongside it at breakneck speed is the uncertainty and stress that comes from the process.

And the mixture of all the feelings and emotions that are stirred when buying a home for the first-time is especially intoxicating for Millennials and younger first-time homebuyers.

document your belongings

BY ANTHONY SANFILIPPO

 

Earlier this month, we suggested it was a good idea to document your belongings as a precaution to any kind of disaster.

We outlined six key steps you should follow to do this to help expedite your insurance claims.

The response to our story was overwhelmingly positive on Facebook with consumers just like you weighing in on the concept, whether it was to confirm this as a good idea, thank us for the reminder, or to share their success or horror stories related to protecting themselves in case of disaster.

“WE HAVE FLOOD INSURANCE, BUT YOU HAVE TO INVENTORY AND DOCUMENT PRICES FOR EVERYTHING. I SO WISH WE HAD DONE THIS. WE HAVE SPENT ENDLESS HOURS TRYING TO REMEMBER WHAT ALL WE HAD AND DETERMINING WHAT THE COST WILL BE TO REPLACE.”

Take inventory

BY HOM EDITORIAL TEAM

 

As a homeowner, your abode is your pride and joy, and considering how hard you’ve worked to get to this point, how couldn’t it be? After spending countless months—let’s be honest, years—decorating and curating your home, you want to be sure everything is accounted for in case a disaster occurs. Surprisingly, only around half of homeowners have a home inventory, based on a poll from the Insurance Information Institute. This rate has stayed rather stagnant over the past decade, and it’s time for that to change.

Disasters don’t give us a warning. Without a home inventory, you would have to file every single one of your possessions immediately after experiencing something truly awful. Not to mention any forgotten items will be gone forever. Public insurance adjuster David Moore offers some insight when sharing, “You can lose thousands of dollars because you didn’t include everything.”

Documenting all of your belongings certainly may seem like an intimidating undertaking, but with the right assistance and resources it can be totally manageable. As of March 2019, natural catastrophes caused an estimated $52.3 billion in losses in the U.S. With only half of Americans proactively taking inventory, that is a lot of sentimental possessions being unaccounted for. So, if you’re wondering if it’s worth it to make a home inventory list—the answer is yes.

You may contact Lindsay Morgan with Lewis and Clark County, at 406-447-8376.  The county also has information about the National Flood Insurance Program, elevation certificates, floodways, historic floods, and other problems on the flood maps.

View More at the County. Zoom in on a property, click the address, and it will give you all the floodplain details.

By HOM Editorial Team

 

Manoa flood
REALTORS® from across the state met with legislators to talk about a range of issues important to homeowners.

Montana REALTORS® are not only community builders they are political advocates, working to ensure that homeowners’ legal rights are protected and that they are given a voice in the Capitol. On February 15, a group of around 100 REALTORS® did just that by gathering together at the Montana REALTORS® Association (MAR) offices in Helena.

Cyber Crime in Real Estate

Be aware that cybercrime and theft is very real in the world of real estate.  It is happening in Helena, as recent as June 2018.

An example of an incident that occurred in Helena, a buyer received a last minute email with a change of closing instructions to wire money to a different account.  It turned out that this was a fraudulent offshore account. The closing was to occur the next day. Authorities have been engaged and hopefully the fraudulent transaction will be stopped and the money recovered.

Please review the article below and be vigilant in protecting your clients and yourselves by observing the 7 recommendations. I have also attached the FBI’s Financial Fraud Kill Chain should you ever need the information.

Curb Appeal.  HGTV says that more than 60 percent of online home viewers stop by in person to see a home that they feel is beautiful on the outside. Curb appeal not only gets more potential buyers to your door, but it also increases the value of your home. The best equity builders are projects that add outdoor square footage like decks, outdoor kitchens, and open space living rooms. What if you do not have the money for a large project? We have four key ways that you can make your home look better and feel more inviting whether you are planning to sell it or not.

These are our premier affiliates that make additional monthly contributions to our association.  We thank them for their continued support of our association, our members, and our community!

Click their banner below to be directed to their site.

Code of Ethics Widget.

Home Ownership Matters Widget.

Advocacy.