Friday, January 31, 2014

FRIDAY RACE TO THE WEEKEND



This post was inspired by a loved one born in the year of the horse. 

While Chinese New Year 2014 will ring in the year of the horse, 2014 is being called the year of the trade up seller, most likely due to sellers' desire to take advantage of low interest rates or to cash out at what might be at least a temporary peak in home prices.


To mentally prepare for your home sale, here are 8 seller mistakes to avoid11 ways to update your kitchen4 easy ways to update your bathroom without remodeling.

I would cross reference both kitchen and bathroom updates to see the overlap and simplify the thought process, ie bathroom updates didn't mention backsplashes, so if you want to take things a little further, some favorites:




While home prices are expected to rise, rising prices do less to harm home affordability than do rising mortgage rates. Luckily, there are some FHA changes that will ease buyers' wait time, and mortgage rates are improvingHome buyers and refinancing households are catching a break. Mortgage rates have been in steady decline since the start of the year. Today's rates are now approaching an 11-week low. 

I'm curious; trade up or trade down? To what kind of home? And where?

PS, you may not run as quickly as a horse, but that's no reason to not run wild and free: 5 trail races to do in the Bay Area.

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