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Communication from Realtor Jimmy Hayden. Your trusted Real Estate Professional
Direct Office:
301-863-2400
jimmyhaydenrealtor@gmail.com
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Communication from Realtor Jimmy Hayden. Your trusted Real Estate Professional
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Direct Office:
301-863-2400
jimmyhaydenrealtor@
gmail.com
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Welcome To My Blogs!

​Happy New Year

January 7, 2019

Headline: Save or Pay? Which Route Should You Choose

The balancing act between paying more than the minimum payment to rid yourself of debts and building solid savings can be a difficult one for some. Here are some things to consider when making this decision.

  • What’s the interest rate on your loan or credit card? If your debt carries high interest, choosing to pay more and settle that bill first can be more financially beneficial in the long run. You will likely gain more by paying it off than the return on the average savings account or stock if you were to invest that sum.
  • Do you have a cushioned savings account? Failing to maintain a solid emergency fund can potentially get you into bigger financial trouble down the road. Anything from a tire replacement on your car to an expected doctor bill can throw you off track. It is recommended to try and pad your account with enough money to cover at least three months of living expenses.
  • Do you have an employer match through your job? If your job offers a retirement savings plan that has an employer match available, you want to contribute at least the maximum amount each month for the match. Forfeiting that benefit is essentially turning down free money.
  • Will payments reduce your monthly minimum? Making payments to standard loans such as student loans and mortgages generally only reduces the outstanding principal. Paying over the minimum usually doesn’t cause your lender to recalculate and lower your monthly payment. In a case like this, it may be more beneficial to save some extra money instead.


December 31, 2018

Start the New Year Off By Reviewing Your Finances

Brought to you by Jimmy Hayden, O'Brien Realty!

The start of the year is a great time to review your finances.

As 2019 starts—hopefully with a bang—it is an ideal time to take a look at all of your bills. As the past year cruised by you may have added cell phone plans, changed cable and internet subscriptions, and signed up for trial offers (which automatically turned into pay subscriptions).

It is a good habit to look at your bills and inspect them for ways to save money. Call your services and see if you can take advantage of new promotional offers or remove services that you are no longer using. Common bills to find new savings on are cell phones, cable TV, internet service, home phone, streaming video services, and any other online subscriptions you may have.

It's also a great time to review your credit report. Get your FREE report by going to https://www.annualcreditreport.com/cra/index.jsp. This service is completely free, authorized by the federal government, and includes reports from Equifax, Experian, and TransUnion. Your free report does not include credit scores.

Don't forget to check out my new affiliation with Homes For Heroes at http://www.homesforheroes.com/affiliate/jimmy-hayden

 

 

December 10, 2018

Headline: 5 Simple Steps for a Better Home Appraisal

If you’re looking to refinance your home or possibly sell, you’ll need a killer appraisal. A bank will not refinance a home for more than it is worth, and a potential buyer will not pay more than the recognized value of the home.

Here are 5 simple steps for a better home appraisal.

Tidy your space Make sure your yard looks well-groomed and the interior of your home is clean clutter-free. It is well worth the investment to have the home professionally cleaned and have your yard serviced.

Invest in the right types of renovations Kitchens and bathrooms are the best types of renovations. They will typically provide 80% ROI. High-efficiency appliances and upgrades that improve the overall efficiency of the home are well worth the investment.

Document your upgrades Provide the appraiser with a list and documentation of all upgrades, renovations, and improvements to the home.

Do your homework Research and provide your own comparable valuations for similar properties in the area. Note your tone. You don’t want to come off as defensive but rather helpful.

Be available but not in the way Be present to assist with the process but don’t be the appraiser’s shadow. You want to appear helpful, not nervous that he’ll find something wrong!

Appraisals can be helpful in increasing the sale of your home or assisting in refinancing your mortgage. Use these tips and you’ll get a better value for your home.

December 3, 2018

Headline: Five steps for winterizing your home

The cold weather has arrived, and it’s time to get your home ready for the months of harsh conditions that are on the way. Here are five key tasks for winterizing your home.

1. Get your HVAC system inspected: Some things are better left to the experts. Schedule a tune-up with an HVAC professional—they’ll check for carbon monoxide, inspect pipes, clean/change filters, and get your system running more efficiently.

2. Reverse your ceiling fans: Did you know that there are separate settings on your ceiling fan for cool and warm months? You want it to rotate clockwise during the winter. It’ll force the warm air down and keep you comfortable at night.

3. Disconnect all hoses: This is the most common cause of frozen pipes. One way to reduce this risk is by putting your hoses away in the shed or garage for the winter. That way, if someone connects a hose they will hopefully disconnect it to put it back in its place. Also, if you see a hose out of storage it will be a red flag that someone connected it.

4. Keep an emergency kit: A blizzard can quickly leave you stuck at home with roads too dangerous to drive to get food and other supplies, and can even cause power outages. Prepare for the worst by stocking water, non-perishable foods, and plenty of blankets.

5. Clean the gutters: Clogged gutters can fill with ice and cause roof leaks from water damming. Another problem is the gutter can become heavy and rip off, causing other damage.

November 26, 2018 

Many folks wonder about what other neighborhoods or areas have that theres doesn't or maybe the other way around and it's typically normal to think about this if you're planning on moving.  I have all the information you could want about an area, neighborhood, or address at my finger tips and am ready to share it with you.  Whether it be Housing, Economy, Schools, People, Environment, or Quality of Life, I have the information I can send to you.  The information is very detailed with LOTS of information that should answer any and all questions about a specific area.  If you'd like that information, please shoot me a short email requesting such and the property/area you're interested in.  It could be your own address or an area or address you're interested in.  Start planning for your move as we approach 2019.  Have things in order so you're not searching all over for the right new home.  

November 19, 2018

If you have an Adjustable-Rate Mortgage, consider these factors about refinancing.

The federal reserve recently raised interest rates, and if you have an Adjustable Rate Mortgage (ARM), it may be a good time to consider refinancing your home. There’s no one-size-fits-all answer to whether your should refinance, so here are a few of the main considerations.

How long does your introductory rate last?
Most ARMs have a fixed rate for the beginning of the mortgage. This is an introductory period (usually 3-10 years) when your rate will remain constant before it can be adjusted. If you have several years left in your introductory period, you can monitor interest rates for a while before making a decision. But if the intro rate is ending soon, it’s a great time to explore refinancing at a fixed rate.

How long are you staying?
If you plan to sell your home soon—especially if you’re still on a fixed introductory rate—there’s not much motivation to refinance. But if you’ll be at your home indefinitely, you should consider your refinancing options. You could eliminate the stress of not knowing what your future mortgage rate and payments will be.

What’s your loan balance?
The change in your mortgage payment will of course be determined in part by your remaining balance. If you owe $100,000-$200,000, a new interest rate may not greatly affect your monthly payment. On the other hand, if you owe $500,000, a change in interest rate could lead to a much higher payment.

Other factors
The previous items are just a few of the factors that should go into a decision about refinancing. Changes in income and your current credit score should also be considered, so be sure to weigh your options and make an educated decision. 

November 5, 2018

Headline: The Ins and Outs of Home Inspection

Home inspection is a crucial step in the homebuying process. After finding the perfect house, you will want to ensure that there are no hidden faults that may require lengthy and expensive repairs or renovations down the line.

To prepare you for this process, here are the top four things you need to know.

  1. The buyer is responsible for the inspection. Make sure you give yourself ample time to find a reputable, certified home inspector by asking for referrals from your real estate agent, friends, and family and do your research online. Plus, don’t forget to factor in the cost of the inspection into your budget.
  2. Home inspectors are usually generalists. They will evaluate most areas of your home, such as the foundation, basement, plumbing, electrical systems, heating and cooling systems, walls, floors, ceilings, and attics. But, if your home is equipped with special features, like a pool or chimney, you may need to hire a specialist.
  3. Buyers can attend the inspection. In fact, a lot of inspectors suggest it! This is an opportunity for you to get any outstanding questions regarding the condition of the house you are purchasing answered.
  4. You have options if the inspection uncovers a problem. If the problems discovered are serious, like structural damage or safety issues, the seller is legally required to fix them. You also have the option to back out of the purchase without facing any consequences. If the problems are smaller, you can submit a formal request for repairs and negotiate for them to cover some or all of the cost.