If you haven't heard, the real estate market has started out with a bang in 2017. According to The National Association of Realtors, existing home sales nationally was at a ten-year high in January and up 3.3 percent. This is the fastest pace since 2007. All areas saw an increase except the in the Midwest. For us locally, we are experiencing an incredible start to the new year. Prices are starting to pick up and inventory is lower than last year at this time and our average days on market has declined. This makes for a great opportunity if you are thinking about selling in the Champlain Valley area. Now is the time to give me a call. Don't wait until your competition list their homes. Be first and you are more likely to achieve better results. Get an estimate on what your home is worth by calling or emailing me. No obligation and cost nothing. I can help you save time and show you how we can save money.
Winter is that time of the year that some people either are incredibly excited about the snow and all the related activities that come with it or despise it for all the obvious reasons. It’s not much different for some people when they think about selling their home. For today, let’s take our focus off the obvious, cold that might accompany such an endeavor. The reality is that selling your home in the winter can be a lot easier than you think. The fact of the matter is that there really is such a small time frame when moving can be difficult. If you put your home on the market in January before most people do, you can typically have less competition which sometimes can allow you to receive more money for your home. Those people looking for homes are serious buyers and they need to buy. Additionally, if you do have success in January, your closing date most likely would be in March. A time of the year when the worst of winter is over, moving is not as difficult as if you sold your home in November and have to close in our coldest month of the year in January.
Many people hate their mortgage because they know over the life of a 30-year loan they will spend more in interest than the house cost them in the first place. To save money it becomes very tempting to make a bigger down payment or make extra principal payments. Unfortunately, saving money is not the same as making money. Or, put another way, paying off debt is not the same as accumulating assets.
By tackling the mortgage payoff first, and the savings goal second, many fail to consider the important role a mortgage plays in our savings effort. Every dollar we give the bank is a dollar we did not invest. While paying off the mortgage saves us interest, it denies us the opportunity to earn interest on that money. Consider this investment: Every dollar you invest is inaccessible. Every dollar you invest has the potential to increase your federal and state income tax bills. Every dollar you invest is guaranteed to earn a very low rate of return for the next 30 years. Every dollar you invest makes the investment less safe. Not too many of us would jump at the chance to make this investment, yet millions do every year by pre-paying their tax-deductible 30-year mortgage loan! Remember, the only way to get your equity out of your home is to borrow it back on the bank’s terms, at some unknown rate in the future or, worse yet, sell the house. By pre-paying your tax deductible mortgage you increase your tax bill each year as you have less interest to deduct. The after-tax rate on a 30 year fixed mortgage is often much lower than many conservative investments. The more equity you build up in your home the more risk you take. If you had a disability or job loss and had to stop making payments on a 100k loan on a 400k home, the bank could still foreclose and you would be out 300k. If you stopped making payments on a 350k loan you would be out only 50k. The same holds true if the home is underinsured or there is a natural disaster, like a flood, that the house is not insured for at all. Most of us think that the more equity we have in our house the safer we are. The truth is that the more savings we have, not equity, the safer we are.
Before paying down your tax-deductible mortgage, make sure you have the following financial milestones accomplished:
- Cash Cushion – Build and maintain a cash cushion for 3 to 6 months of liquid living expenses.
- Protection – Establish appropriate levels of disability and life insurance.
- ‘Non-Preferred’ Debt Free – Pay off all non-tax-deductible debt (credit cards, installment loans, etc).
- Retirement and College – Plans fully funded.
It is important to realize our financial goals in the correct order. Paying off your mortgage is a great goal. However, it should not be your first, or only, financial goal.
Contact Mark Chaffee at Mortgage Financial Services if you have more questions on your current mortgage or looking to obtain a new loan.
Source: Mark Chaffee of Mortgage Financial Services
Here at Brian French Real Estate, we have over 30 years of experience that has helped us develop systems that we use to get your home sold. Often times it's not what you do, but how you do it that's important. We take great pride in customizing our approach to each and every one of our clients so we can provide the absolute best in real estate experiences. If you are thinking of selling or know someone that is, give us a call or email us. Listen to what Brian has to say in the short video about the spring Vermont real estate market.
When we are young, we never think about time. Time is always on our side.
You see - time, is the one thing that we all have in common, it’s here and then it’s gone. Have you ever tried to live in the moment?
In today's ever changing real estate market, there are many things that we need to pay attention to when selling our homes. One important item is fire safety. When selling your home, you need to make sure that you are in compliance with all the rules and regulations that govern fire safety. For example, for your personal residence you need to make sure that you have the proper number and type of smoke detectors and carbon monoxide detectors. Are they photoelectric and or ionization? Do you have the proper combination equipment to pass the fire safety test. If you are not sure of how all this is handled, we can help. After all, you don not want your closing to be held up because you were uninformed about the fire safety requirements.
For more information or to reach us with questions call or email us.
techChamplain Business Journal, A monthly business publication specializing in business news around the Champlain Valley region of Vermont for more than a decade and a half, recently announced the results of their annual Best of the Best Business Contest. Voters from all over the region voted by ballot in several business categories. Brian French Real Estate is the proud recipient this years 2014 Best Real Estate Office! We are very grateful to each and every one of our clients and customers for their vote and show of support - thank you from the bottom of our hearts. For those of you who havent experienced our services, we welcome the chance to offer you the same outstanding real estate Readers Choice service you deserve. Brian French Real Estate is located in South Burlington and has been serving Chittenden County and Greater Burlington for over 30 years. Helping buyers and sellers in Chittenden County and the Greater Champlain Valley. Brian French Real Estate is a full service brokerage firm with state-of-the-art technology specializing in residential, luxury, and new home construction. Our goal is to make your move a smooth and easy transition. From finding a new home, selling your existing home, financing or relocating, we will provide you with the highest quality service. Stop in at our office at 1993 Wiliston Road in South Burlington, or click to meet us online.
Where would you want to live in Vermont?Recently a website ranks the top towns to raise a family in Vermont with Jericho coming in first place! The list was compiled by looking at school data, home values, economic growth, income, and cost of living. Vermont continues to come out on top once again and we couldn't be more proud of our beautiful state and its residents that make it what it is.
Start your search for homes in Jericho, VT or one of these top-10 towns.Whether you are thinking of moving to the area or maybe you want to simply move across town, see properties for sale in Jericho as well as the other top ten towns in Vermont. Contact us for your private viewing!
Horse lovers Paradise in Underhill, VTCheck out this listing on Youtube.
This exquisite four-bedroom contemporary country oasis on 13.80 acres has so much to offer. Perfect for horses or small farm operation with heated barn to accommodate horses, small farm animals or for hobbies. For the outdoor lovers, there is an abundance of wildlife to be appreciated right in your back yard from moose, turkey, deer, and the many species of birds. Looking for outdoor adventure? Explore the 13.80 acres and go for a beautiful hike to take in the array of VT autumn colors during fall foliage, or x-country ski/snow shoe during the winter months, or go exploring after the snow melts and witness the beauty and new beginnings of nature that come in spring. Brian French to schedule a viewing or click to view more pictures and details of the beauty and pleasures this home has to offer.
Brian French Real Estate's Top Performers in July
South Burlington, VT Brian French, Kelly Farr, Lydia Wisloski, sales associates with Brian French Real Estate, were named the offices Top Producers for the month of July. The home buyers and sellers of South Burlington VT area truly have a real estate resource they can trust in Brian, Kelly, and Lydia. They really understand that for many people, buying or selling a home is the most significant purchase of a lifetime, and their real estate knowledge and professionalism helps make each transaction as smooth as possible. They are leaders and innovators empowering local homebuyers and sellers with valuable information, helping them to make informed Vermont Real Estate decisions.
|Brian French, Owner/President||Kelly Farr||Lydia Wisloski|
Mark C. Cobb, Sr joins Brian French Real Estate as a full-time agent
Mark has been a successful contractor in Northern New England for over thirty years and is licensed in Florida. He is looking forward to helping buyers and sellers with their real estate needs and helping them reach their goals and make it a stress-free experience. Read more about Mark...
Contact Mark today to begin your real estate journeywhen buying or sellinga home in Vermont.
tech"Vermont Celebrates Quality of Life" indicates, Vermont is second in the nation for overall child well-being. The 2013 KIDS COUNT Data Book, an annual publication of the Annie E. Casey Foundation, tracks the well-being of Americas children Vermont has so much to offer its youth from it's strong family values, to the beautiful outdoor recreational activities, and award-winning school systems. If you've been considering relocating to Vermont, we encourage you to come see for yourself why we are so proud of our state, community and families. Start your relocation home search with Brian French Real Estate and we'll help you along the way!
We are excited to share with you our big news. We have a new name!It is with great excitement that I am able to inform you of our name change for our company. CENTURY 21 Advantage is now Brian French Real Estate. Brian French has been in the business for over 30 years and has owned the company for the past 16 years. In todays world of ever changing technology and strategies we felt that this was the best way to remain agile and ahead of the curve for reaching out to our clients and customers. We will still have all the same capabilities to provide you the most up to date real estate information that you will need whether you are buying or selling. Additionally we know that real estate is done locally and quite frankly we are proud of what we do and how we do it. We pride ourselves on being your choice locally to provide you with the absolute best in real estate services and we will continue to do so in the future. We are happy about keeping more resources local while still being able to utilize the necessary technology to make your home buying process easy from start to finish. I hope you will share in our excitement about our name change and embrace our new look and approach to the real estate market. We think we are on to something that is going to be well received and we hope that you will join us in enjoying our new look and experience. Same people. Same location. Same outstanding service. Let us know what you think!
South Burlington, VT Brian French, Jim Ross/Linda Murphy, and Anthony Gamache, sales associates with CENTURY 21 Advantage, were named the offices Top Producers for the month of November. The home buyers and sellers of South Burlington VT area truly have a real estate resource they can trust in Brian, Jim/Linda, and Anthony. They really understand that for many people, buying or selling a home is the most significant purchase of a lifetime, and their real estate knowledge and professionalism helps make each transaction as smooth as possible. They are leaders and innovators empowering local homebuyers and sellers with valuable information, helping them to make informed Vermont Real Estate decisions.
|Brian French||Jim Ross & Linda Murphy||Anthony Gamache|
https://www.youtube.com/watch?v=EeIgFAJbmDg&list=UUwuep2ZGTkz4XoS1GEKO9ww&index=3&feature=plcp You will know you are home as you wonder onto your new homestead. The 4+ acres of natural terrain and over 900 of Dowsville Brook frontage will be in the background while the peaceful setting provides the perfect welcome home. This Vermont Post and Beam looks modest from the front with a Cape Cod Style appearance. From the side and back, it is evident that the home offers so much more. Open living and dining areas, exposed beams, hardwood cherry flooring, a gas fireplace and 2 French doors accessing the large deck are highlights on the main level. An office/ playroom/ or third bedroom, .5 bath complete the first level. The second floor features a large jetted tub, good natural light and tile work in your second floor bathroom,two nice sized bedrooms including a master balcony to provide a glimpse of the day to come.The basement is a walkout with additional expansion room possibilities. Click here formore specific details of this gorgeous Vermont home orrequest a private showing with Larry Rutherford.
Le coin franais avec le Franais de Brian[youtube width="350" height="250"]http://youtu.be/DFO22djBFG0[/youtube] Prparez vos prochaines vacances la montagne et contactez nous pour trouver votre rsidence secondaire dans l'une de nos nombreuses stations de ski du Vermont. Profitez de taux d'intrts historiquement bas et skiez tout l'hiver ! Les ftes de fin d'anne approchent ! Venez faire les boutiques Burlington et bnficiez de tarifs avantageux sur tous vos achats. N'oubliez pas de prendre une pause dans l'un de nos cafs et restaurants o vous trouverez une ambiamce chaleureuse et conviviale ! Si vous tes en ville pendant une courte priode, projetant une visite, ou regardant pour faire au Vermont votre maison, appel ou email permanent Brian qu'il aimerait parler avec toi !
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