Millennials In the Market 2

Millennials part 2

Right now millennials are the biggest group of home buyers in the country, but they have some serious competition the baby boomers.  The real estate market has become a generational war zone and baby boomers aren’t fighting fair, at least according to the millennials their not.  With Baby boomers retiring in great numbers most are looking to down size from larger more suburban homes to small homes closer to or in the city.  They are looking for convince and amenities within walking distance.  Now that the economy is head upward millennials are now making enough to move out of mom and dads basement or trade in the four roommates they have for none and buy their own home.  Great news except guess what they are looking for?  You guessed it smaller homes near or in the city with in walking distance of most amenities.    

Millennials being the socially connected, environmentally conscious group they are want to buy existing homes.  They love the history, location or architectural detail and they are usually close to downtown.  Guess who else loves all those things?  You guessed it baby boomers.  Baby boomers love history and being that most of them are retiring they are looking for something with a few projects they can work on to fill their days.

Why is any of this unfair you ask.  Well it comes down to two things that baby boomers have that millennial don’t experience and money.  Baby boomer Know how to negotiate to get what they want and being that according to NAR survey, only 3 percent of agents are under 30,and 81 percent were older than 45 Baby boomers are able to relate to and work with their agents a lot better.  Millennials who do business very differently now don’t really have the tools to negotiate.  And of course there is the money issue.  “Boomers will pay a premium if you can give them exactly what they want,” said Matt Robinson, principal at MRP Realty.  “Something closer to what was in their house, and that pushes up the price; they’re happy to pay for it.”  Many millennials are not well suited to compete being that most of them entered the market in the middle of the recession and during the lackluster recovery few have had time to build any real wealth.

This War of generations is driving up prices on not only starter homes and condos but rental prices too.  It is also cause a shortage of properties which is starting to concern most real estate agents.  Real estate agents have to start learning how to better work with millennials in order to stop the War but that’s a subject for another blog.

Cynthia Schmier, Broker/Owner
CRS, CDPE, CNE, CIAS, MDI, 5-STAR, SRS
RE/MAX Country
Cynthia@Cynthia-Online.com
(360) 400-3475
www.cynthia-online.com

What to Ask For in Your New Kitchen

Must-Have Kitchen Gadgets

Whether cooking at home or shopping for

someone who does, the right kitchen

appliances can make it easier to prepare

meals. The experts at Epicurious.com

recommend a few must-have kitchen gadgets.

Professional chefs and savvy home cooks

alike need a reliable knife for everyday use.

Epicurious.com recommends the Global

G-2 8-inch stainless steel knife, which is

easy to use and ideal for precise dicing

and heavy-duty chopping.

A mandolin makes it easy to slice, crinkle-cut or waffle-cut veggies such as potatoes, carrots and cucumbers. Epicurious.com suggests the DeBuyer swing mandolin, which has a smart handle designed to protect fingers, nonskid feet, and stainless-steel blades that can be easily removed for cleaning.

A standing mixer is one of the most useful appliances home chefs can have, and Epicurious.com recommends the KitchenAid Artisan 5-quart model. It takes up little counter space and has a tilting head for easy access to the bowl. Optional attachments do everything from grind meat to juicing fruits and vegetables.

Immersion blenders, such as the Cuisinart Smart Stick, make it easy to prepare soups and sauces. Home cooks can puree soups right in the pot without the danger or hassle of transferring hot liquids, and sauces can be thickened and emulsified without removing them from the stovetop.

Slow cookers, which were popular in the 1970s, are kitchen staples for many of today’s savvy home chefs. For family-size meals, Epicurious.com recommends Cuisinart’s 6.5-quart digital slow cooker which features a programmable 24-hour timer and high, low and stay-warm settings.

By having just a few great gadgets on hand, homeowners can make sure their kitchen is equipped to help them make great at-home meals for years to come.

Cynthia Schmier, Broker/Owner
CRS, CDPE, CNE, CIAS, MDI, 5-STAR, SRS
RE/MAX Country
Cynthia@Cynthia-Online.com
(360) 400-3475
www.cynthia-online.com

Keep Your Info Safe This Holiday.

 

Mall security (ONLINE VERSION)

According to a 2014 Deloitte survey, 55 percent of American consumers say they are concerned about protecting their personal data when shopping online, and 42 percent say they have similar concerns when shopping in stores. With the holiday shopping season fast approaching, consumers need to be more vigilant about protecting their personal data. PC Magazine offers the following tips to shop safely online.

   If possible, avoid using a debit card for purchases. Most debit cards don’t have the same level of fraud protection that credit cards have. If a debit card is all you have, protect your PIN by shielding the keypad with your hand or body.

   Visit only trusted sites, which are more likely to be secure. Make sure an “https” appears in the site’s URL and a lock icon is visibly displayed. Log out of all shopping accounts after completing a transaction.

   Avoid using a public Wi-Fi for your online shopping and financial transactions. Also use a password manager to create strong, unique passwords for each shopping site.

   Provide as little information to merchants as possible. Online retailers do not need to know your social security number or birth date to do business.

   Purchase gift cards directly from the retailer, not through a third-party source. Some scammers will auction off gift cards on sites like eBay with little or no funds on them.

   Review online bank statements frequently to confirm charges; don’t wait for your monthly statement to arrive in the mail. If you notice any questionable charges, contact your financial institution immediately. Keep these suggestions in mind, and you can enjoy a secure holiday shopping experience.

Cynthia Schmier, Broker/Owner
CRS, CDPE, CNE, CIAS, MDI, 5-STAR, SRS
RE/MAX Country
Cynthia@Cynthia-Online.com
(360) 400-3475
www.cynthia-online.com

Your Health and Your Neighborhood

Heart-Healthy NEIGHBORHOODS

Living in a friendly neighborhood may be good for your heart, according to a recent study by psychologists at the University of Michigan. In fact, the more social connections you have among your neighbors, the less likely you are to die from a heart attack.
       The study analyzed the social connections of more than 5,000 adults in urban, suburban and rural areas over a four-year period. Researchers controlled for factors like age, race, income, marital status, education, mental health, optimism and other known health-risk factors associated with heart attacks, such as diabetes, obesity and high blood pressure. By the end of the four years, 148 of the individuals studied had suffered a heart attack.
       Maintaining friendly relationships with your neighbors may be good for your health because neighbors are more likely to check on each other and notice any potential health problems, share resources and health information, and lend money. They can also offer emotional support, which can be a buffer during times of stress.
       Conversely, other studies have shown that negative aspects of a neighborhood can have a detrimental effect on a person’s health. For example, living in areas with violence, noise, poor air quality and access to too many fast food restaurants can have a negative impact on a person’s health. Further, a study at the University of Pennsylvania finds that living in areas with abandoned buildings can lead to isolation and hamper social relationships, which can lead to poor physical health of residents who live nearby.
       Being helpful and neighborly is not only good for your health, it’s good for the health of the neighborhood.

Cynthia Schmier, Broker/Owner
CRS, CDPE, CNE, CIAS, MDI, 5-STAR, SRS
RE/MAX Country
Cynthia@Cynthia-Online.com
(360) 400-3475
www.cynthia-online.com

WHEN IT RAINS, IT REALLY POURS

Tips and Trends for homeowners,Buyers and Sellers.     

   No matter where you live, emergencies are bound
to happen when you least expect them: the furnace
breaks down, appliances stop working, the roof starts
leaking or a window gets smashed. The costs for repairs
can be tough to stomach, unless you have an
emergency fund.

Setting up an emergency fund is easier than you think.
These tips from Bankrate.com will help you handle
unexpected surprises with ease.

   

•  First, estimate how much money you might need for the fund. Experts suggest saving enough to cover four to seven months of expenses. Remember, this fund should not replace your entire income, and it should not be used to fund luxuries, like vacations, fancy new clothes or a new car (unless your existing one breaks down).  Keep funds accessible, but not so readily available that you are tempted to borrow from it.

 

• Set up an account separate from your regular checking account. Consider using credit unions, which   allow consumers to open accounts with smaller sums of cash, and online banks, so you can’t withdraw money from a storefront location.

 

• Be sure to use the funds only for emergencies, such as replacing broken appliances, replacing the furnace or paying your regular monthly expenses after a job layoff or during a lengthy illness.  

•   Begin slowly. Start with a deposit of $50 from each paycheck, then increase it gradually with each job change or pay increase. Set aside a portion of commission checks and tax refunds, too.

 

 

With these simple steps, you’ll have greater peace of mind, knowing you are prepared for any emergency.

   

Financing a First Home

Although financing a first home can be challenging, buyers who are prepared and know what they can afford up front can help expedite the process and save themselves unnecessary headaches later. Before starting your home search, follow these financial tips from the National Association of Home Builders and Bankrate.com.

•  First, figure out what you can afford to pay each month. In addition to principal and interest, figure expenses for local taxes, insurance, and if buying a con-dominium, monthly assessments. Once you have this calculation, don’t be tempted by lenders to pay more than that. Free mortgage calculators, which are available on many real estate and finance websites, can help you estimate monthly payments based on current interest rates and down payment. Generally speaking, no more than 28 percent of gross monthly income should be allocated to housing costs.
•  Pay down your debts. Any credit card debt you have can limit how much you can borrow from a lender. Check your credit report thoroughly for any errors or unpaid accounts, and resolve those issues before moving ahead. Allow at least six months to iron out any credit problems before shopping for a home, experts suggest.
• Determine your monthly cash flow. Track your spending for two or three months to see where money is going. Once you know what you can afford and what your cash flow is, you can determine your down payment.
• Organize documents, especially those that validate income and taxes. Most lenders may want to see two recent pay stubs, W-2s and tax returns from the previous two years, and the last two monthly bank statements. Having these documents ready ahead of time can help the lending process run more smoothly.

If you are just getting started, check out local home-buying seminars or sites like HUD.gov, which provides information about shopping for and financing a home. Ask friends, family and co-workers for referrals for lending professionals they’ve worked with previously, and talk with lenders and credit counselors to find financing options that will work best for you.

Cynthia Schmier, Broker/Owner
CRS, CDPE, CNE, CIAS, MDI, 5-STAR, SRS
RE/MAX Country

Cynthia@Cynthia-Online.com

(360) 400-3475

www.cynthia-online.com