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Do You Believe In Any Of These Real Estate Superstitions?

Tons of people think the number 13 is unlucky. Some don’t. But pretty much everyone has at least heard that the number 13 is unlucky. With Friday the 13th upon us, I thought it’d be fun and interesting to send along some superstitions we come across in the real estate industry, which you may have never heard about…

Lucky numbers

Real estate agents sometimes find themselves working with clients who have superstitions based upon lucky (and unlucky) numbers.

This is often a cultural superstition. And the lucky or unlucky numbers are different from culture to culture.

This can affect whether or not someone will buy a house, if the street address is an unlucky number, or even adds up to an unlucky number.

It can also affect the specific dollar amount they will offer or accept for a house…

What direction a house faces

Does your house face East? If it does, that’s great… for some potential buyers.

But others may not see it that way, and would never buy a house unless it faces South.

Again, these superstitions are typically cultural, and no one direction is right for every culture.

So, don’t worry what direction your house faces…there’s always someone who will be fine with whatever direction it is facing.

Mercury in retrograde

This is less cultural, and more a matter of whether someone is into astrology…

It is believed that when the planet Mercury is in “retrograde” (backward), it is a bad time to enter a contract.

So, if a client is sensitive to this, there is a good chance there isn’t a deal good enough to get them to buy or sell a house while Mercury is in retrograde.

Smudging

Ever hear of smudging? That’s when you burn a sacred plant (often sage), and walk around the house wafting the smoke, in order to get rid of negative energy in a house.

Does that sound crazy? Sound like someone’s been smokin’ the smudge!?

As a real estate agent, I wouldn’t call it crazy…

While an agent may not believe in a client’s superstition, or even understand it…they won’t consider it crazy.

It’s a real estate agent’s responsibility to represent their clients’ best interests.

So I wouldn’t consider any of the above examples (or anything else you could throw at me) crazy…because if it is a concern for my client, it is a concern for me.

Wishing you nothing but luck this Friday the 13th.

P.S. Out of curiosity… do you have any superstitions when it comes to buying and selling a house? Let me know, I’d love to hear!

The post Do You Believe In Any Of These Real Estate Superstitions? appeared first on Your Favorite Realtor/BusinessMom.

Announcing NextHome Realty Select in Front Royal, VA!

Hello Front Royal!

Announcing the opening of our third location at 210 E Main Street in Front Royal, VA.

We are SO excited to announce that the doors are open at our third office in Front Royal, VA. Get a sneak peek and meet a few of our team members in this fun video. You will realize from the orange door that we are different than other real estate firms.

We will be handing out treats Halloween night during the Hometown Halloween festivities, so grab a coffee at The Daily Grind and head across the street to take a look at the office, meet our mascot Luke (the orange Frenchie) and the NextHome Realty Select Team. We are excited to be in the neighborhood.

Luke-Small-Web

Why Rent If You Can Buy?

Why Rent If You Can Buy

Home ownership rates are the lowest they have been in the last 50 years. Yet a large portion of Americans are still renting properties, instead of enjoying a home of their own. Consumer reports believe this is an issue because of a buyer’s lack of trust in their ability to purchase. It is still a long standing notion that a buyer needs 20% towards the cost of the home in order to move forward, but this isn’t true. With countless down payment assistant programs, and closing cost roll-ins, a home owner could move in with as little as a few hundred to a couple thousand dollars. Which is a huge difference in the time it takes to save up to make the move.

With interest rates at an all time low, home ownership in today’s market is a great investment. The money saved over a mortgage’s lifespan can result in tens of thousands of dollars, if not hundreds. That’s more money in your pocket today. Don’t wait to buy when interest rates soar again. With low interest rates, that means your monthly mortgage payments are at a significantly lower cost, as well. With such a heated housing marketing, rental prices are soaring, and statistics are constantly showing that home ownership can be equivalent to your rental rate each month, if not less. Why get stuck in a small 2 bedroom apartment, if you can move into a home a pay a monthly rate that is the same, and get a 3 bedroom house with a great backyard?

There is also a fear that a home can keep you “stuck” or “rooted” to one place, without an easy transition out if you decide to move. Although the future of the housing market isn’t easily predictable from location to location, you can always discuss with your agent about buying a home in an area that has a strong turn-over rate when a home hits the market. The equity build up when it comes time to selling is going to be far more beneficial, than if you put money into a rental and decided to move. The money from selling the property can be used to purchase a new home. With renting, there would be no additional funds to transition into a new place.

Now imagine if you were renting a home for $2000/month. If your landlord is renting to make a profit, think how much less you’d be paying on a monthly basis towards your mortgage, if the home was yours. Then you wouldn’t be paying a landlord to profit off of you, you’d be paying a reasonable rate, and get to call the property your own. Discuss with your agent and lender the steps you need to take towards home ownership, you might be happily surprised about the type of home you can afford to move into.

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