Saturday, March 28, 2020 / by Amber Huemmer
Here are the top 5 questions we are being asked:
1) I was planning to put my home on the market. Should I wait?
2) Has the Coronaviras affected the housing market locally?
3) What about showings, open houses.... people walking through my home?
4) Do we have to have showings if we put our home on the market?
5) How do we get a market analysis on our home in this market?
Be prepared not scared. The Huemmer Home Team is here for you & your family. We want you to be as informed as possible and help you make the best decision for yourself and/or your family.
Amber Huemmer, Madison Real Estate Agent
The Huemmer Home Team
RE/MAX Preferred
608-279-5424
Amber@thhtrealty.com
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Thursday, March 19, 2020 / by Amber Huemmer
The current housing market and impact of the Coronavirus. Let's take a look at some major indicators and the history of those indicators.
Mortgage Interest Rates - Rates are at an all-time low. Which allows for a greater purchasing power or a lower monthly payment.
Stock Market - During past viral emergencies, the stock market has reacted. Over time the stock market has recovered. The fundamentals of the economy were strong with low unemployment prior to the virus concerns.
Recent Recessions - The coronavirus has created an economic slowdown and recession concerns. Over the last 5 recessions the housing market was only negatively affected twice. This slow down is not caused by the housing market.
Low Inventory - nationwide average months of inventory in 2007 was 8.2 month, today it's much lower at 3.1. Here in the Greater Madison area it is even lower depending on the price point.
Be prepared not scared. The Huemmer Home Team is here for you & your ...
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Thursday, March 19, 2020 / by Amber Huemmer
Are you wanting to buy a home but you don’t have a lot of money saved for a down payment?
You don’t need 20% down to buy a home.
A conventional 30 year fixed requires as little as 3-5% down.
FHA loan only requires 3.5% down and allows for less than stellar credit.
WHEDA loan requires 3% down but you can piggyback a WHEDA second loan called Easy Close to lower or completely cover your down payment.
VA and USDA offer 0% down loans but come with some additional qualifying requirements in order to participate.
Get pre-approved for FREE with a local lender and discuss these options in greater detail to see which one is best for you and your situation. Also make sure to ask if they have any special in-house loans or down payment assistance programs.
The Huemmer Home Team has the KEYS to your home buying success. Let’s get you started today.
Amber Huemmer, Real Estate Agent
The Huemmer Home Team
RE/MAX Preferred
608-279-5424
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realtor, the huemmer home team, wi, amber huemmer, re/max, madison, real estate agent, 6082795424, buying a home, down payment
Thursday, March 19, 2020 / by Amber Huemmer
Get Pre-Approved to Establish a Budget with a Local Lender
Before you go look at homes, you need to get pre-approved. You need to know if you qualify for a loan program, what you can afford, how much you need for a down payment and what your monthly payment is going to be.
Affordability can be determined in two ways. A maximum monthly payment allowed or a monthly payment amount that you the buyer feel comfortable with each month. Either way, establishing a budget first will help contribute to a more successful home search.
We believe selecting a local lender can be beneficial too. Being able to meet in person to discuss loan options, provide asset and income documents and work fast to avoid surprises. A local lender has a reputation to maintain in order to continue to service the community. And it's nice to have your local lender at closing in case any questions arise.
Are you ready to start the home buying process? Let’s get you pre-approved with a local ...
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Wednesday, March 18, 2020 / by Ryan Huemmer
While you practice 'social distancing' at home, PLAY The Huemmer Home Team BINGO.
The winner to receive a $25 gift certificate to a local ice cream shop?????? (draw winner Tuesday, March 24th)
THE RULES:
1??Like our Page & Share our post on Facebook (THHT Bingo Post) to get started, so we know you’re playing along!
2??Two lines is a winner!
3??Take a photo during your favorite activity
4??Tag us @thehuemmerhometeam with the photo and use #thhtbingo once you have bingo to get entered into the drawing
One entry per household so get your family involved.
The Huemmer Home Team
admin@thhtrealty.com
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