Single Women Moving Abroad: Embracing New Horizons

In recent years, there has been a noticeable trend of single women from America seeking new experiences and opportunities by moving abroad. This movement isn't just about travel; it's about redefining lifestyles and career paths. This article delves into why more single women are choosing to live overseas and how this shift is shaping their lives for the better.

Why Single Women Are Opening Their Minds to Living Abroad

The decision to move abroad is a significant one, and for many single women, it stems from a desire for change and personal growth. Living in a new country offers a fresh perspective on life and work, allowing women to explore different cultures and lifestyles. The appeal of adventure, coupled with the opportunity for self-discovery, makes living abroad an increasingly popular choice.

Financial Freedom: Making Money Go Further

One of the most compelling reasons for moving abroad is the potential for financial freedom. In many countries, the cost of living is significantly lower than in the United States, allowing women to enjoy a higher standard of living. This economic advantage is particularly beneficial for those who can work remotely or have flexible job arrangements. By relocating, women find that they can save more, invest in experiences, and enjoy a quality of life that may be unattainable back home.

The Rise of the Digital Creator Abroad

The digital age has ushered in a new era of work flexibility, particularly for content creators, freelancers, and remote workers. Single women in these fields are finding that they can pursue their careers from virtually anywhere in the world. This mobility has opened doors to living in countries that offer inspiration, a slower pace of life, or a more vibrant community of digital nomads. The ability to work from any corner of the globe is not just a perk; it's a lifestyle choice that aligns with their personal and professional goals.

Happiness and Fulfillment Beyond Borders

Perhaps the most profound impact of living abroad is the increase in happiness and fulfillment many women report. Immersing oneself in a new culture, learning a new language, and building a global network of friends and colleagues contribute to a richer, more fulfilling life experience. The challenges of adapting to a new country can also foster resilience and a sense of accomplishment.

The trend of single women moving abroad is more than a fleeting phenomenon; it's a reflection of the changing dynamics of work, lifestyle, and personal fulfillment. If you're a single woman contemplating a move overseas, whether for career advancement, financial benefits, or personal growth, you're not alone. This journey can be transformative, offering opportunities to live a happier and more rewarding life.

Remember, this journey is about finding what works best for you, whether you're a digital worker, freelancer, or employed by a company with flexible location policies. The world is vast, and the opportunities for single women to thrive abroad are endless.

Are you intrigued by the prospect of living and working abroad? Do you want to explore how this could be a viable option for you? Contact me for more information, and let's discuss how you can embark on this exciting journey.

Maximize Holiday Hosting: Easy Home Design Tips for a Festive & Guest-Friendly Space

The festive season is upon us, and for many, this time of year is synonymous with welcoming friends and family into their homes.

The joy of hosting during the holidays is undeniable, yet it can also bring a fair share of stress, given the myriad of tasks to be handled. Homeowners, therefore, can benefit greatly from any assistance that makes this hosting journey smoother, more efficient, and delightful for both them and their visitors.

Interestingly, a part of this assistance can come from an unexpected source: your home’s design and décor.

But what are the ways in which your home’s design and décor can be optimized to create a more welcoming environment for your guests this holiday season?

A recent piece on realtor.com delved into this topic, offering insightful tips on how home design and décor can simplify hosting duties while adding a festive touch. Here are some key suggestions:

1. Incorporate Couch Covers: The holidays often involve guests lounging on your sofa, enjoying festive treats or a glass of wine. To avoid the stress of potential stains, consider using couch covers. These not only protect your sofa from spills but are also easily washable, saving you the hassle of a full couch cleaning post-holidays. Opt for covers in holiday themes or colors to enhance the festive mood.

2. Opt for Washable Rugs: With increased foot traffic and the likelihood of spills during the holiday season, rugs can suffer. To prevent this, use washable rugs in areas that see a lot of activity. These rugs can be easily cleaned in your washing machine, eliminating the need for professional rug cleaning services once your guests have departed.

3. Invest in Firewood Storage: If you’re planning several cozy evenings around the fireplace, consider getting a dedicated storage solution, like a stylish basket, for your firewood. This not only helps guests know where to find firewood for a spontaneous fire but also keeps your space tidy and free from clutter.

By integrating these simple yet effective design and décor strategies, you can significantly enhance the holiday hosting experience in your home, making it more enjoyable and less stressful for everyone involved.

Please be aware that some of the products and services listed on our website may involve affiliate relationships. This means that we may earn a commission if you decide to make a purchase through our affiliate links. However, please understand that this does not incur any additional cost to you.

Navigating the Rise of House Hacking: A Smart Solution for Home Affordability

In recent times, the challenge of affording a home has intensified, prompting a notable shift in living arrangements. A growing number of adults, both young and older, are finding themselves returning to their parental homes, a trend that is reshaping societal norms.

Historically, moving out of the family home post-graduation was a rite of passage. Staying with parents beyond a certain age was often viewed with a degree of skepticism. However, this perception is changing. As highlighted in a Yahoo Finance report, living with parents, or returning home after a period of independence, is now a common and less stigmatized practice.

This shift, while reducing the judgment on those staying with family for economic reasons, doesn't diminish the desire for personal homeownership. This is where the concept of "house hacking" gains relevance, especially among Millennials and Gen Z.

Understanding House Hacking and Its Growing Popularity

"House hacking," as reported by CNBC, is a strategy increasingly adopted by younger generations to achieve homeownership. It involves renting out part of their residence to offset costs, making homeownership more financially feasible.

This approach isn't limited to the younger demographic. A significant portion of recent homebuyers across various age groups view house hacking as a crucial strategy for affordable homeownership.

Key Considerations for Aspiring House Hackers

If you're contemplating house hacking, here are essential points to consider:

1. Mortgage Qualification Without Rental Income: To rent out part of your home, you first need to own it, typically through a mortgage. Lenders won't consider potential rental income in their mortgage qualification process, so ensure you can afford the mortgage independently.

2. Securing Tenants in Advance: While lenders may not account for future rental income, having a tenant lined up can provide financial reassurance.

3. Tenant Selection: It's crucial to be discerning about who you let into your home. If you don't know the tenant personally, conduct thorough background checks and ask for references.

4. Legal Agreements: Draft a clear lease agreement outlining usage rules and shared spaces. For legal robustness, consider consulting a lawyer.

5. Local Regulations and Zoning Laws: Before proceeding, ensure your local laws and any homeowners association rules permit renting out part of your residence.

The Alternative: Investing in Multifamily Properties

Another form of house hacking involves purchasing a multifamily property. Living in one unit while renting out the others can provide similar financial benefits. This approach often comes with fewer restrictions and can be more appealing to lenders.

Conclusion: House Hacking as a Path to Homeownership

With rising housing costs, house hacking offers a practical solution for many aspiring homeowners. It requires careful planning, from financial readiness without relying on rental income to legal and regulatory compliance. For those seeking both investment and a place to call home, multifamily properties present a viable alternative.

Essential Home Security Tips: How to Prevent Break-Ins and Deter Burglars

Experiencing a home invasion can be a deeply distressing and traumatic event. Regrettably, such incidents are far from rare. FBI statistics from 2022 reveal that there were over 847,000 reported break-ins across the United States.

While it's impossible to completely eliminate the risk of a home break-in, certain properties are more attractive to burglars than others. Understanding what makes a house a more likely target can help you reduce your risk of becoming a victim.

A recent piece on realtor.com highlighted several factors that may signal to burglars that a house is an easy mark, thereby increasing the likelihood of a break-in. These include:

1. Lack of an Alarm System: Homes without alarm systems are particularly appealing to burglars. The absence of such a system suggests that intruders can enter and exit the property without triggering any alarms, influencing their choice of targets. The article notes that homes without alarm systems are 300% more likely to be burglarized compared to those with such systems. Therefore, installing an alarm system is a vital step in safeguarding your home.

2. Accumulated Mail: A mailbox overflowing with mail is a clear indicator to a burglar that the homeowner hasn't been around to collect their mail for several days, suggesting the house is unoccupied. This makes it an opportune moment for a break-in. If you're planning to be away, it's wise to arrange for a friend or neighbor to collect your mail.

3. Absence of Outdoor Lighting: Burglars prefer to operate undetected, making homes without outdoor lighting ideal targets. Such conditions allow them to observe the house and attempt various entry points unseen. To counter this, ensure your home's exterior and surrounding area are well-lit, preferably with automatic or motion-sensor lighting. It's important to illuminate all potential entry points, including doors and windows.

By being aware of these factors and taking proactive steps, you can significantly reduce the likelihood of your home being targeted by burglars.

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Navigating the California Insurance Crisis: Insights for Homeowners

As a REALTOR® with over 16 years of experience, I've witnessed the ebbs and flows of various markets, from the downturns to the surges. My journey since 2006 has taught me one fundamental truth: education is the cornerstone of successful homeownership. Whether you're buying a modest family home or investing in a luxury property, understanding the nuances of the market is crucial. Today, I want to address a critical issue affecting homeowners, particularly in California – the ongoing insurance crisis. Although we will be discussing California, this issue is trickling down to other states as well!

Understanding the Crisis

The California insurance crisis is a complex issue with far-reaching implications. Major insurers like State Farm and Allstate have stopped providing coverage in the state, posing a significant challenge for new homeowners seeking insurance. This withdrawal is primarily due to the increasing impact of climate change, which has led to frequent and severe natural disasters like wildfires and earthquakes. In recent years, California has seen unprecedented destruction due to these disasters, with insurers paying out vast sums in claims.

The Ripple Effect

This crisis isn't confined to California. States like Florida, Louisiana, and Colorado are facing similar challenges. In Florida, for instance, the aftermath of natural disasters led to the closure of 15 insurance companies and a spike in premium rates. Louisiana saw 11 companies go bankrupt following Hurricane Laura. These events signify a broader trend that could affect homeowners across the United States.

Legislative Responses

In response, various states have enacted legislation to stabilize the market. These measures range from capping premium rates to encouraging new insurers to enter the market. However, the effectiveness of these interventions remains to be seen.

Impact on Homeowners

For homeowners, especially those in high-risk areas or with limited incomes, this crisis has made insurance unaffordable and hard to obtain. This situation underscores the need for a stable insurance market that can adapt to the challenges posed by climate change.

My Perspective as a Real Estate Professional

In my career, spanning deals from $25,000 to $2,000,000, I've always emphasized the importance of being well-informed. The current insurance crisis in California and its effects on other states highlight the need for homeowners and potential buyers to be aware of the market's realities. Whether you're in a hot market or a down market, understanding these dynamics is crucial for making informed decisions.

Moving Forward

For those affected by the California insurance crisis or similar situations in other states, my advice is to stay informed and explore all available options. Seek advice from local experts, and don't hesitate to look into alternative insurance solutions. Remember, buying or selling a home is an emotional journey, but with the right information and guidance, it can also be incredibly rewarding.

As we navigate these challenging times, I remain committed to educating my clients and helping them make the best decisions for their unique situations. The real estate market is ever-evolving, and staying ahead means being prepared for any scenario.

*For more insights into the real estate market and tips on homeownership, follow my blog or reach out for personalized advice.

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School Loans & Homeownership

Did you know that student loans can negatively impact your ability to own a home? In this video, we'll explore the link between student loans and homeownership and the consequences that can happen as a result. By the end of this video, you'll know all you need to know about the relationship between student loans and homeownership, and you'll be able to make an informed decision about whether or not student loans are right for you.

👉 Free Budget Worksheet: bit.ly/realtygoddessbudgetplanner

👉 Free Homebuyer Steps Guide: bit.ly/homebuyerfc

The Rocky Road to Homeownership: Overcoming Hurdles as a Single Lady

Ah, the journey of homeownership! It's a path filled with excitement, dreams, and investment opportunities. But for single ladies, it can also come with its fair share of challenges. Don't worry, independent women, because we've got your back. In this blog post, we'll dive into the hurdles you may face while buying a house solo and provide you with practical tips to conquer them like the boss you are!

1. The Financing Obstacle:

The first hurdle on your path to homeownership might be securing that all-important mortgage loan. As a single lady, it's crucial to have a solid financial foundation. Ensure your credit score is in good shape, gather all necessary documents, and shop around for the best mortgage rates. Don't be discouraged by rejection or a slow process—keep pushing forward until you find the perfect loan for your dreams!

2. Overcoming the Down Payment Challenge:

Saving up for a down payment can be a daunting task, especially if you're relying solely on your income. Start by creating a budget and cutting unnecessary expenses. Consider alternative methods like down payment assistance programs or exploring loans with lower down payment requirements. Remember, every small step counts, and you can achieve your goals with determination.

3. Navigating the Market Alone:

House hunting can be overwhelming, but it's not a solo endeavor anymore. Leverage the power of the internet—join social media groups, forums, and platforms where you can connect with other single homebuyers or experienced real estate professionals. Their insights, recommendations, and support can make a world of difference. Don't hesitate to seek guidance; after all, great minds think alike!

4. Tackling Home Maintenance and Repairs:

As an independent lady, you might face concerns about handling home maintenance and repairs on your own. Break free from self-doubt and embrace your inner handywoman! Educate yourself about basic repairs, build a network of reliable contractors, and invest in quality tools. If you're not confident in your DIY skills, remember that professional help is just a phone call away. With a little resourcefulness and a can-do attitude, you'll conquer any maintenance adversity.

5. Cultivating a Strong Support System:

One of the greatest strengths you have, single lady, is your ability to create and nurture meaningful relationships. Surround yourself with a support system comprising friends, family, and professionals who can offer guidance and lend a helping hand during your home-buying journey. Share your dreams, challenges, and victories—because together, we rise!

Conclusion:

The path to homeownership may present hurdles for single ladies, but it's nothing that can't be overcome. Embrace your independence, tap into your determination, and tackle each challenge head-on. Remember, you have the power to create a space that represents your dreams, aspirations, and personal style. The journey may have its ups and downs, but at the end of the rocky road, you'll unlock the door to your very own sanctuary. Keep pushing forward, single lady—your dream home awaits!

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Tropical Storm Hilary Disaster Relief Resource

First and foremost, my heart aches as I bear witness to the devastating aftermath of Tropical Storm Hiliary. While, on the surface, the storm may appear to have caused less damage than many had braced for, it's evident that numerous individuals and families are grappling with significant water-related challenges and unstable terrain. These less visible, yet equally harrowing issues remind us of the unpredictable nature of life, and the profound impact even "milder" disasters can have on our homes, our communities, and our well-being.

In times like these, it's crucial to understand that reaching out for assistance is not a testament to one's weakness, but rather a reflection of our shared humanity. Adversity, no matter how challenging, always comes with an opportunity to band together, to rebuild, and to support one another. Pride should never stand in the way of safety and recovery.

If you or someone you know is struggling in the wake of this storm, please remember that there are resources and helping hands available. Seeking help when we need it most is an act of strength, courage, and community. Let us navigate these challenging times together, leaning on each other for support and resilience.

With heartfelt love and readiness to assist,

CLICK HERE ➡️ DISASTER RELIEF RESOURCE

Laura Key, REALTOR®
310-866-8422
Laura@LauraKey.net
www.LauraKey.net

Three Cool Yard Maintenance Tools to Make Summer Yard Maintenance Easier

If you want to take care of your yard this summer, you need the right tools. But what, exactly, are those tools?

A recent article from Realtor.com outlined the key maintenance tools you’ll want to have on hand to keep your yard in tip-top shape this summer, including:

• Pruning shears. Pruning shears are essentially yard scissors; they allow you to trim your plants and keep them healthy. If you want to meticulously maintain your yard, they’re an absolute must.

• Dibber. If you’re planning on doing any planting this summer, a dibber — which creates holes in the ground, allowing you to more easily plant seeds or bulbs — is a tool you’ll definitely want to add to your collection.

• Self-watering planter. In a perfect world, you’d be able to be home to water all your plants at the appropriate time of day. But if you’re busy, you may not be able to get outside and give your plants the water they need, which could lead to your plants dying. The good news is, you can avoid this issue by using self-watering planters, which will give your plants the water they need to thrive, even when you’re too busy to water them.

  LAURA’S SPECIAL PICK!

• Garden Kneeler. A garden kneeler is an invaluable tool for those who take pride in maintaining a beautiful landscape. It provides a cushioned, comfortable place to kneel while weeding, planting, or performing other ground-level tasks, thereby reducing the stress on your knees and protecting them from rough and prickly ground surfaces. This not only ensures that you can spend more time tending to your garden without discomfort, but it also means that you can pay more attention to detail, leading to a well-kept and visually appealing landscape. Over time, the use of a garden kneeler can also help prevent long-term wear and tear on your knees, allowing you to enjoy your gardening hobby for many more years to come.

Ready To Beautify Your Yard?

*This website contains links to products and/or pages for which we receive financial compensation. We may receive an affiliate commission for purchases made through these links. This means we get a commission of the sales or profit generated from your purchases at no additional cost to you.

8 Things Only Old School Real Estate Agents Can Remember (and Fortunately Don’t Have to Deal With Nowadays!)

As much as people often fear and resist change, ultimately people come to adopt it, love it, and get used to even the biggest changes around them. In fact, it’s easy to forget how far things have come in such a short time, and take for granted how much better life is because of the changes.

While the real estate industry certainly changes a bit year after year, many agents in the field today haven’t been in the business long enough to see just how much has changed, and would be surprised to see what their colleagues dealt with years ago.

To give newer agents some perspective and appreciation, and the grizzled veterans a walk down memory lane, let’s take a look at 8 things agents used to have to deal with that are no longer an issue today:

1) “Sign here, press hard, the 3rd copy is yours…”

Years ago real estate contracts were done with carbon paper. The top sheet was the original, and then there were two other pages beneath that would become a copy for the agent’s file, and one for the client to keep.

Not only would the carbon paper be messy at times, but if a buyer or seller didn’t press hard enough, their signatures wouldn’t go all the way through to the copies, so agents had to not only show them where to sign, but also remind them to press down hard with the pen.

2) Faxes were too high-tech!

As much as people joke about how out of date fax machines are now, they were the newest tech not too many years ago. And back then fax machines were almost seen as too high-tech! Many people wouldn’t accept the signatures of a faxed document as a legal signature, so even though faxes made life easier to some degree, agents still had to deal with obtaining in-person signatures, and delivering those inked up docs to the appropriate parties.

Fast forward to today and people are “signing” things with a digital John Hancock, and it’s totally acceptable.

3) Wite-out was right on!

Whether an agent was preparing documents on a typewriter or with a pen, there was bound to be a mistake or something to edit on it. Can you imagine having to re-do an entire document because of one mistake? Or making a sloppy mess of it by crossing out the error with a pen?

Well before computers, deleting wasn’t an option, so Wite-out was a handy little invention that saved many agents from a lot more writing and wasted paper.

4) Booking time with a big book…

You don’t even have to be an agent to access pretty much any house listed for sale these days. Just hop on the computer and you can not only see what’s for sale, but also pictures of the inside of most houses.

Years ago only agents had access to the inventory, and it came in the form of a book published bi-weekly, with one grainy, black and white pic of the outside… if you were lucky. Some didn’t even have a picture!

But most offices only had a copy or two of the listing books, so agents had to share and wait their turn to use them. When an agent finally got their hands on it, they’d make copies of all the pages with listings they needed to show clients, so other anxiously awaiting agents could use it.

5) “Proofing” ads

Newspapers were the best way to spread the word about a listing or open house for many years. But in order to make sure your ad made it onto the classified page, you had to write the ad copy and get it into the newspaper by a certain day and time, or it wouldn’t be included.

Once they formatted it, agents were sent a copy to “proof” and make sure there were no errors. Then, on the day the newspaper came out, agents had to check and make sure the ad was in the paper and accurate.

Now agents rarely advertise in newspapers, but when they do, it can be done electronically which makes submitting and proofing their ad a lot quicker and easier.

6) Human lockboxes

If an agent wants to show a house that’s for sale, most likely the key to get inside will be in a “lockbox” hung on the front door, which they access by using a code, an app on their phone, or a keypad device specifically designed to open them.

But before lockboxes were invented, or widely used in the industry, an agent who wanted to show a particular listing had to go to the listing agent’s office to pick up the key, and then go back to their office to return it once they were done.

7) Polaroids were a game changer!

Digital cameras and smartphones make it easy to take as many pictures as you want, check to make sure they look good, and put them to use immediately. But before that, Polaroid pictures were a game changer for agents by making it possible to see if a picture came out OK with just a few shakes of their hand.

Before that, agents had to wait for pictures to be developed, which could take days or weeks, and then had to hope that the pictures weren’t blurry, or too dark. The wait time for pictures made it take longer to get marketing materials done for a new listing, and even held up appraisals once a house was under contract because pictures were required in the appraiser’s report.

8) “Let your fingers do the walking…”

Phone books were the best way to find someone’s phone number and address pre-Internet! They were also one of the best ways for an agent to advertise their services.

But just having your name and number wasn’t enough, you had to buy a full, half, or quarter-page ad to make sure people noticed you. And hopefully you were there to pick up the phone at your desk when they called… or had a fancy answering machine so they could leave you a message to get back to them.

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Laura Key, Cal DRE 01908085
Laura@LauraKey.net

Thinking About Buying an Abandoned Property? Here’s What You Need to Know

Buying an abandoned home could present an opportunity to snag a property at a bargain price. But before you decide to start shopping for abandoned properties, there are things you need to know.

A recent article from realtor.com outlined key things buyers need to know about buying abandoned properties, including:

• You’ll need to get pre-qualified/pre-approved for a mortgage. If you want to buy an abandoned property, you’ll need to follow the same process as buying any other type of real estate, including getting a pre-qualification or pre-approval letter for a mortgage. This will give you an idea of how much budget you have to work with, which will inform what properties might be a right fit.

• The right search terms can help you find abandoned properties. Want to explore abandoned properties in your area? When searching listings, use search terms that might indicate a property is abandoned or unclaimed, like “immediate possession,” “below market value,” “must sell,” or “under appraisal.”

• It’s important to understand the risks. Buying an abandoned home can be a risky investment; for example, an abandoned home that’s been vacant for years could have a number of maintenance issues, including wiring issues, water leaks, or gas leaks — all of which could be expensive to repair. Make sure you fully understand the risks (and potential costs) before making an offer.

Busting Myths about USDA Loans

In this video, we're going to talk about USDA loans, a potential financing option for those looking to buy a home. Unfortunately, there are many myths and misconceptions about USDA loans that prevent people from exploring them. If you're looking for a loan that will fit your unique situation, then you should check out a USDA loan.

These loans are available to people from all economic backgrounds and can be a great option for borrowers with good credit. In this video, I'll show you why USDA loans are a great option for borrowers and how you can get the best possible loan for your needs! Schedule a FREE consultation with me today!

https://www.laurakey.net/schedule-a-call

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Is Real Estate A Solid Investment During Tough Times?

Real estate is considered a solid investment for several reasons, even during tough times in finance:

1. Tangible Asset: Real estate is a tangible asset that has inherent value because it is a physical property. It's not like stocks or other financial assets that are intangible, and therefore their value is solely based on market demand and speculation.

2. Steady Income: Real estate provides a steady source of income through rental income, which is typically more stable than other types of investments that rely on dividends or capital gains.

3. Diversification: Investing in real estate provides diversification within a portfolio, which can help reduce risk in times of market uncertainty.

4. Appreciation: Real estate investments have the potential to appreciate in value over time, which can result in capital gains for investors.

5. Inflation Hedge: Real estate is considered a good hedge against inflation, as property values and rental income tend to increase over time in response to inflation.

6. Tax Benefits: Real estate investments can offer significant tax benefits, including deductions for mortgage interest, property taxes, and depreciation.

Overall, the combination of steady income, diversification, appreciation potential, inflation hedging, and tax benefits make real estate a solid investment option, even during tough times in finance. However, it is important to note that like any investment, real estate carries risks, and investors should do their due diligence before investing.

Just Closed a Real Estate Deal? Make Sure to Keep These Documents

There is a lot of paperwork associated with buying a home. But out of all that paperwork, which documents do you actually have to keep?

A recent article from realtor.com outlined key documents you’ll want to keep on hand during and after your home purchase, including:

Buyer’s agent agreement. Your buyer’s agent agreement outlines the details of your working relationship with your real estate agent, including details like the length of your engagement and who is responsible for paying the buyer’s fees—and you’ll want to have this document on hand in case you run into any agent-related issues once you’ve officially purchased a home.

Seller disclosures. Sellers are legally required to disclose certain home-related issues that could impact the sale of a property, like renovations that were done without a permit or potential health issues like lead-based paint. You’ll want to file any seller disclosures after you purchase the home; if you run into an issue with the home later on—and the seller was aware of the issue and didn’t disclose it—you’ll need this document for any potential lawsuits or legal action.

Property deed. The property deed is a document that confirms who legally owns a property—and, as a homeowner, it’s your proof that you’re the legal owner of your home. Because the property deed is sent directly to the buyer, the mortgage company and/or title company aren’t required to keep a copy of it, so you’ll want to make sure to keep it as proof of ownership.

If It’s Such a Bad Time to Buy Real Estate, Why Are the Wealthy Doing It?

According to this Housing Wire article, 75% of people recently polled by Fannie Mae felt pessimistic about the real estate market, and that it’s not a good time to buy a house. So, if you’re among the many who feel that way, and you’re thinking about holding off for prices to come down, you’re not alone.

Considering that interest rates are up and prices haven’t dropped as much as buyers would like, it isn’t surprising to hear that news. Some marginally qualified potential homebuyers have legitimately been priced out of the market. But many others are simply being cautious, not wanting to make a mistake by buying in this market, especially when so many other buyers don’t seem to think it’s a good time to buy.

But that still leaves 25% of people who don’t think it’s a bad time to buy real estate. Who are they, and why do they feel that way?

Well, wealthy people may not comprise that entire 25%, but they’re at least among the people who feel like it’s a fine time to buy real estate. Yahoo finance just reported that billionaires have a growing appetite for buying houses, even as the market slows down.

That probably sounds like an apples to oranges comparison. After all, the wealthy have, well…wealth. They can afford to buy real estate, regardless of whether the market is up, down, “hot” or not. It often seems like the rich get richer, and the poor get poorer, even when times are tough. (Perhaps even more so during those times…)

People have every right to look at it that way, but it probably won’t make them any wealthier. The more productive thing to do would be to look at what the wealthy are doing during times like this that the majority of people aren’t doing… and consider following their lead.

According to the Yahoo article, buying real estate is particularly appealing to them because:

• It’s a liability that tends to appreciate over time

• It provides significant tax benefits

• It can be used as collateral

• It can be passed to heirs with little or no penalty

Generally speaking, wealthy people take on debt and liabilities that make (or save) them money.
While they can certainly make bigger purchases with less concern than the average person, they aren’t in the habit of making decisions that will lose them money, if they can help it. So if they’re buying real estate in the current market, it’s a pretty good sign they’re not worried about losing money on a house in the long run. Real estate is (and always has been) meant as an asset that provides many long-term benefits.

So if you’ve been thinking about buying a house, but have concerns about whether you’ll be paying too much or lose money, take all of that into consideration. House values may seem “high” right now, but over time they’re likely to be even higher. And since the majority of people seem to be pessimistic and hesitant to buy right now, you might be able to find yourself a better deal than you otherwise could.

The Takeaway:

Nearly 75% of people feel like now is not a good time to buy a house, but the wealthy are still buying real estate.

While it’s easy to say that the wealthy don’t care about whether the market is “bad” since they have more assets and capital to work with, they’re also not likely to make such relatively large purchases if they feel they’re going to lose money.

So if you’ve been hesitant to buy because you’re worried about paying too much or losing money, take that into consideration and know that buying a house is a solid long-term investment. Capitalize on the fact that the majority of people are pessimistic, and buy a house while there’s less competition and a better chance of negotiating the price down.

6 Ways to Protect Your Home & Trick-or-Treaters This Halloween

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Happy Halloween

From spooky decor to candy galore, the Halloween season is meant to be a fun and festive time for all ages. But according to Traveler’s insurance, along with tricks and treats, this autumn holiday sees 17% more crime-related home insurance claims filed than any other day of the year. With theft and vandalism prevalent, taking precautions is key. After all, forewarned is forearmed.

Before the sun sets and trick-or-treaters and their families begin swarming your property, consider taking the following six precautions that will help keep your property and its potential visitors as safe as possible.

1. Make sure your doors are locked.

This may sound like basic advice, but it’s all the more important to ensure that your property is secure by locking the doors to your house and vehicles on Halloween. It’s a lot less suspicious for a neighbor to see someone walking on your property on Halloween, making it easy for a thief (or just a prankster) to give your doors a try. And, the FBI reports that approximately 30 percent of all burglaries are committed without force thanks to unlocked doors and windows, so don’t give would-be thieves an easy opportunity to rob you.

2. Make sure your walkways are clear and well-lit

The promise of candy can make kids careless when it comes to looking where they’re going. It’s important to remove anything that’s a trip hazard, including sticks and branches on the lawn that can snag costumes and cause kids to fall. Move those gorgeous potted mums, pumpkins, and cornstalks if they’re in the way. Though darkness lends an air of spooktacular eeriness to the night, it can contribute to accidents. Make sure your walkways are well-lit and change any bulbs that are out well in advance.

3. Remove any fire hazards.

Jack-O’-Lanterns are a Halloween staple and yet candles can become a fire hazard, especially if these gourds get knocked over, or flickering flames catch the hem of costume. If you feel this decor is a holiday must-have, look for electric or battery-operated decorations that won’t have your holiday spirit go up in smoke.

4. Keep your pets secure.

The constant ringing of the doorbell can agitate pets. As you open the door to dole out candy, it’s easy for dogs and cats to escape. In the least, this can startle kids, causing them to become upset or stumble backward. But, it could also lead to a child being scratched or bitten even if you do have the sweetest of pets. While your dog may think he’s protecting you, mistaking costumed tweens for would-be intruders can create a Halloween nightmare if someone gets bitten.

5. Remove valuables from view.

On Halloween night, plenty of strangers will be traveling through your neighborhood, with many coming right up to your door, giving them an opportunity to peek directly into your home. With this in mind, it’s a good idea to keep valuables out of view for the evening. Additionally, if you have a home security system, make sure the company’s logo is visible.

6. Tighten your railings.

With crowds clamoring for candy, your front steps can become congested. If anyone starts to feel unsteady, chances are they’ll reach for your railings, and when they do, you want them to be as stable as possible. Adults escorting little ghosts and goblins will be thankful for a sturdy surface amid the mayhem.

This year, make sure your Halloween is scary for all the right reasons. Following these six suggestions can save you from becoming the star in a real life horror story.

Real Estate Truth - Is It The Right Time To Buy?

When is it the best time to buy?

Today I'm sharing a real estate truth that most agents won't share with you! It's important to pick an agent that will teach you how to navigate the complicated real estate market. We all want your business, but am I truly the right agent for you?

𝐅𝐑𝐄𝐄 𝟑-𝐃𝐚𝐲 𝐇𝐨𝐦𝐞𝐛𝐮𝐲𝐢𝐧𝐠 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞

🔊 Big Announcement! 📢

𝐅𝐑𝐄𝐄 𝟑-𝐃𝐚𝐲 𝐇𝐨𝐦𝐞𝐛𝐮𝐲𝐢𝐧𝐠 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞

Buying a home is a big process. This FREE 3-Day Challenge will walk you through the first steps by showing you the advantages and disadvantages of buying a home. It is a fun and easy way to decide if it is the right time for YOU! This is a good place to start if you're considering making a home purchase in the near future.

Sign up for the next session at: www.LauraKey.net

Good Neighbor Next Door HUD Program

Special homes for 50% off for Law Enforcement, Teachers, EMT’s and Firefighters

Law enforcement officers, teachers (pre-Kindergarten through 12th grade) firefighters, and emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the home's list price. In return, an eligible buyer must commit to live in the property for 36 months as his/her principal residence.

3 Myths of Homebuying

Homebuying Myths

There are myths about the home shopping experience that must be addressed. I like to make the home buying experience as stress-free as possible, so please hear me out on these three big myths about home buying!