Just start somewhere. When you decide you’re ready to buy your first home (and stop throwing money into the bottomless pit that is rent), you don’t have to get your dream home. You can buy a starter home, stay awhile, build some equity, sell it, then move up.
Why do we say that? Well, according to a recent survey 57% of buyers looking for their first home want it to be their “forever home”. Forever. Wow. As the purple one himself, Prince, said:
“Dearly beloved
We are gathered here today
2 get through this thing called life.
Electric word life
It means forever and that’s a mighty long time
But I’m here 2 tell U
There’s something else:
The afterworld.”
Too deep? What does a song lyric have to do with buying a home? Well, let’s focus on one sentence: forever’s a mighty long time. It really is. So final. Here’s the thing. No one knows where they’re going to be in 10-20 years with 100% certainty. 38% of millennials don’t expect to be with the same employer in 5 years.
If you are like most people, and you’re buying your first home, you simply don’t have the budget for that perfect “forever home” and if you did, the huge majority of homeowners buy 2-3 homes in their lives and move about, on average, 7-10 years after they buy their first home.
Odds are, you’re buying something, and moving in the next decade or two. Why not buy and make it your own?
Your money is better spent paying off your own mortgage, rather than someone else’s. The interest rate on rent is 100%.
Did you know that since 2012, low-income homeowners built $98,900 in home appreciation and upper-income households built $150,800? The NAR report also states that “middle income homeowners accumulated $122,100 in wealth as their homes appreciated by 68% in the last 10 years.”
“In the areas with the highest homeownership rates for low-income households, wealth gains were $140,000 on average.”
You don’t wait to buy. You buy, and wait, so when it’s time to sell and upgrade to a new place, you’ve got equity to use!
Not to mention some of the other benefits of home ownership:
Don’t let the internet, or the tv, fool you. Most of those influencers on social media are still renting, and pretending to be happy anyway. Perfect is rarely attainable without a selfie filter, and they don’t make those for home buying. It’s not only ok to buy a starter home, it’s better for you. It’s what your generations before you have done, and it’s how most “middle class” people in the last century have built their wealth. How about you think about getting started now?
Ready to take the first step as a homebuyer? Give us a call or text at (717) 371-0557 and we’ll get you on the path that’s best for you!
Your Friends in Real Estate, Jason Burkholder Real Estate Team
——————
Jason Burkholder
Kelly Burkholder
Adam High
Jaci Hoosier
717-371-0557 direct or text
Welcome Home Real Estate
717-298-8040 office
57 E Main St, Lititz, PA 17543
Looking for help finding your new place? We can help ! Reach us at (717) 371-0557
Your Friends in Real Estate, Jason Burkholder Real Estate Team
——————
Jason Burkholder
Kelly Burkholder
Adam High
Jaci Hoosier
717-371-0557 direct or text
Welcome Home Real Estate
717-298-8040 office
57 E Main St, Lititz, PA 17543
You’ve likely heard all of these terms before and have wondered if they can be used interchangeably. Realtor.com breaks it down this way:
Real estate agent- “someone who has a professional real estate license to help people buy, sell, or rent all sorts of housing and real estate.”
“To get that license, states generally have education requirements, which include pre licensing training.” These requirements vary from state to state. To earn their license, agents must pass a written exam.
Real Estate Broker- “A real estate broker is someone who has taken education beyond the agent level as required by state laws and passed a broker’s license exam.”
“Similar to real estate agent exams, each state sets its own broker education and exam requirements.” A certain amount of experience is necessary to take the broker’s exam. In Pennsylvania, that’s a minimum of 3 years, a specific number of closed transactions and an additional requirement of 240 hours of education.
On top of that, there are 3 different types of brokers. Principal/designated broker, managing broker, and associate broker.
Realtor- This one’s pretty straightforward. “In the real estate industry, in order to become a Realtor—a licensed agent with the ability to use that widely respected title—an agent needs to be a member of the National Association of Realtors®. As a member, a person subscribes to the standards of the association and its code of ethics.”
Beyond those titles, a Realtor® can also earn designations and certifications through the National Association of Realtors (NAR). These are the acronyms listed after a Realtor’s name, such as CMS, CCIM, etc.
NAR provides “provide a wide range of programs and services that help members increase their skills, proficiency, and knowledge…Real estate designations and certifications through NAR are specialized credentials for REALTORS®.”
What’s the difference between a designation and certification? A Realtor pays annual dues for a designation, where as a certification only requires an application fee.
Here are a few examples of designations an agent can earn:
And some examples of certifications:
You can read more about the designations and certifications by going to NAR’s article here.
Fun fact, Jason earned his Associates Broker’s license in 2007, and has these designations/certifications:
e-Pro, Real Estate Negotiation Expert, At Home With Diversity, Certified Marketing Specialist, is a LGBTQA Real Estate Alliance Certified Ally and is C2EX Endorsed by the National Association of Realtors.
Looking to buy or sell in Central PA? We can help ! Reach us at (717) 371-0557
Your Friends in Real Estate, Jason Burkholder Real Estate Team
——————
Jason Burkholder
Kelly Burkholder
Adam High
Jaci Hoosier
717-371-0557 direct or text
Welcome Home Real Estate
717-298-8040 office
57 E Main St, Lititz, PA 17543
Do you know what a popcorn ceiling is? Love it? Hate it? Most people hate it. After all, ceiling popcorn is about the most useless (not to mention ugliest) decoration ever. Want to get rid of it? Well. Normally that involves scraping it off, or demolition. Tear it down. As effective as that tutorial is, some of you might not want to get that messy. Or if your house was built in the 1950’s, scraping off popcorn means dealing with potential health hazards like asbestos. Not fun or safe.
Well, I have some great news! Imgur user, makesomething, chose a different way to handle the ceiling popcorn in a room in his 1950 home. Here’s the thing, they didn’t even bother removing the popcorn at all!
Removing all those layers would be too much of a hassle.
They also bought 2 inch brand nails, which they used to nail some planks to the joists in the ceiling.
However, if you want to save money, you could always use wooden pallets!
Obligatory dog photo. She would walk in every once in a while to check on the progress.
This method would be awesome for old, cracked plaster ceilings too! Not exactly a DIY kind of person and need a professional to help you pull this off? Call me, I can connect you with a contractor!
Have questions? Do you want to buy or sell a property? Call me or text at 717-371-0557, I’ll be happy to help you! You can always email me at Jason@JasonsHomes.com or contact me at the office at 717-291-1041 as well!
Your Friend in Real Estate,
Jason Burkholder
Realtor, e-Pro
Associate Broker
Certified Marketing Specialist
Weichert, Realtors – Welcome Home
717-291-1041 office
717-371-0557 direct or text
PS – As always, I’d like you to be part of the conversation, so if you like what you read here please feel free to let me know, forward this post to your friends and subscribe!
Why would someone write another article on buying versus renting a home? What’s in it for the author of the article? Why would you read one? What is it you want to hear?
Do you just want confirmation and justification for what you already believe and want to do? Or, are you looking to be convinced otherwise? or simply just trying to “figure it out”? These are all good questions to ask if you find yourself reading an article on whether it makes more sense to buy a home, or to rent.
There are “reasons” to buy, and “reasons” to rent. Which is good, people want to make choices based upon reason. So, if you start reading about whether to buy versus rent a home, you’ll certainly be given “reasons” like:
Those are all real and valid reasons to some degree. But if you start reading articles bent on renting a home, versus buying, you’ll be given opposing “reasons”, like:
Again, all valid “reasons” to some degree. Regardless of whether the article is pro-buying or pro-renting, the “reasons” cited tend to ALWAYS be the same, decade after decade, regardless of the market. They are overused, and honestly, pretty useless to anyone in particular. There is no absolute answer that is right for everyone.
You can find plenty of “sources” to formulate your opinion on what makes sense for you. There are online calculators to help you figure out if renting or buying makes more sense for you. But that’s kind of like looking up health information online. It’s good to get some thoughts and perspective. Educate yourself. But it’s not necessarily proper for you to diagnose and treat yourself.
Same when it comes to financial and real estate decisions. Certainly educate yourself. Become informed. But truly assessing whether or not it makes more sense for you to buy a home or rent a house warrants getting some professional help. Professional help can cost less than self-help (At least in real estate…). While you can certainly sift through all the information you want online for free, and come to your own conclusion, you can also get the advice of someone who is a real estate expert for free, one thats actually applicable to your situation.
All you have to do is reach out to a real estate agent. A good real estate agent will give you advice. A great one will help you figure out if buying or renting makes better sense for you. They’ll help you assess your situation lend you their thoughts and insight based upon their knowledge and experience. And most of them will do this for free. They get paid if and when you end up buying or renting a place.
Now, certainly, you might question their motives… Will they push you to buy versus rent to make more money? Will they push you to rent because it’s quicker, easier money? Why would they help me for free? There’s got to be a catch. Sure, there are some agents who are in it just to make money. But most real estate agents are more caring and concerned about their clients’ best interests, than their own self-interest.
That doesn’t mean every real estate agent will necessarily be able to give you the best advice, even if they are caring, concerned, and not pushy. Finding an agent who knows the local area and has experience makes a huge difference in the quality of the advice. So, make sure you find not just an agent, but a great agent when you ask for advice. (If they’re all offering their advice for free, you might as well choose the best, right?)
Considering this is my article, of course I feel like I’m the best agent for you to talk to. Maybe I’m the best agent for you to talk to… maybe not. The best way to find out for sure if, or how, I can help is for us to have a quick chat.
I work all throughout Central PA, primarily in Lancaster County, Lebanon County, York County and Berks County. But in all honesty, I am not an expert on buying a home everywhere in the State of Pennsylvania. There are some parts I am not as familiar with. So if I’m not the best agent for you, I’ll tell you and I almost always know another agent who may suit your situation better.
So why not give me a call at 717-371-0557, or send me an email, and let’s schedule a time to talk. No obligation. I never push people to do one thing over another. If buying makes more sense for you, we’ll figure that out. If renting does, we’ll figure that out. I just want to make sure you’re able to make the best and most objective decision possible.
Have questions? Do you want to buy or sell a property? Call me or text at 717-371-0557, I’ll be happy to help you! You can always email me at Jason@JasonsHomes.com or contact me at the office at 717-291-1041 as well!
Your Friend in Real Estate,
Jason Burkholder
Realtor, e-Pro
Associate Broker
Certified Marketing Specialist
Weichert, Realtors – Welcome Home
717-291-1041 office
717-371-0557 direct or text
PS – As always, I’d like you to be part of the conversation, so if you like what you read here please feel free to let me know, forward this post to your friends and subscribe!
Have you thought about owning but didn’t think you “made enough money” to buy a home?
If it’s your first time buying or selling real estate, you don’t know what you don’t know.
There are tons of potential pitfalls and challenges along the way that it’s hard to anticipate when you don’t know what to expect. The last thing you want to do is lose because you tripped over one of these.
But luckily for you, most of the missteps taken by first time buyers and sellers are pretty universal, which means you can learn from their mistakes and avoid falling into the same traps.
Here are four common real estate mistakes to avoid the first time you buy or sell a home:
The price of a home – whether you’re buying or selling – is one of the most important components of a real estate transaction. But there’s a lot more that goes into pricing than what meets the eye.
Pricing a home is a kind of a blend of art and science. There are so many factors that come into play – time of year, current market conditions, how quickly homes are selling the neighborhood, the current value of the home. I take all of those factors into consideration when helping you come up with the right price for a home.
Without a real estate background, it’s impossible for most to understand all of those conditions and how they affect the price of a home. If you’re selling, you’re likely to think your home should sell for a higher price because of the value it holds for you. If you’re buying, you’re likely to think a property should sell for less because that means a better deal on your end.
But ignoring pricing advice because you think you “know” what the price of a property should be is a mistake. As a seller, you’ll end up overpricing your house (which will leave it sitting on the market). As a buyer, you’ll end up lowballing your offer (and losing the house in the process).
The first time you’re buying or selling a home, it’s your best bet to leave the pricing to the experts. Your real estate agent will always work to get you the best deal – and keep you from pricing yourself out of the deal you want.
Another mistake first time buyers and sellers make is being too rigid when it comes to negotiations.
Most real estate transactions require a bit of compromise. As a seller, you might need to give in on some of your buyer’s demands and as a buyer, you might need to work with the sellers a bit in order to close the deal. It’s just the way real estate works. And if you’re not willing to give an inch, the deal can very quickly go south.
Now, just to be clear: you should never compromise TOO much. Don’t compromise on the things that are important to you. But if a minor repair is all that’s standing between you and closing your real estate deal, giving in can be much easier than walking away.
If there’s a mistake that nearly all first time home buyers make during their home search, it’s not thinking outside of the box.
Most first time buyers have a very specific idea of what they’re looking for in a home. And while it’s fine to know what you want, refusing to look at properties that don’t check off every single item on your wish list is a major mistake – a mistake that can keep you from finding a home you’re in love with.
If you want to find a home you love, it pays to get creative and see as many properties as possible. Have certain non-negotiables (like a specific number of bedrooms or a designated outdoor space) but allow for some wiggle room on everything else. You’ll end up seeing more properties, and who knows? You might fall in love with a house that’s totally different from what you thought you wanted – a house you would never have seen if you didn’t think outside of the box.
Perhaps the biggest mistake you can make the first time you buy or sell a home is trying to do everything on your own.
Buying or selling a home is not only hard work, but it requires a certain level of knowledge and expertise. You need to know where to look for hot properties, how to market to buyers, how to negotiate, how to file all the paperwork… if you’ve never bought or sold a home, it can be completely overwhelming.
Which is why you need a real estate agent to walk you through the process. When you work with a great real estate agent, they make the experience of buying or selling a home easier, faster, and more profitable.
Trying to do everything on your own is a mistake. But hiring a real estate agent can quickly rectify that.
Buying or selling your first home can be overwhelming. But now that you know the most common mistakes to avoid, you’re well on your way to a stress-free first time buyer or seller experience!
Still have more questions? Do you want to sell or buy a property? Call me at 717-371-0557, I’ll be happy to help you!
If you want to search Lancaster County or Central PA homes for sale, visit www.JasonsHomes.com to access an MLS home search that shows you all the homes for sale in the Central PA Multiple Listing Service (MLS) !
As always, I’d like you to be part of the conversation, so if you like what you read here please feel free to let me know, forward this post to your friends and subscribe!
If you have questions, need real estate advice or want to buy or sell a home, you can call or text me at 717-371-0557, email me at Jason@JasonsHomes.com or contact me at the office at 717-291-1041!
Your Friend in Real Estate,
Jason Burkholder
Realtor, e-Pro
Associate Broker
Certified Marketing Specialist
Weichert, Realtors – Welcome Home
717-291-1041 office
717-371-0557 direct or text
Welcome Back!
A question I get asked quite a bit is “what are those houses listed on zillow as a pre-foreclosure?
Here is a quick video with the answer to that question, click thru to check it out!
