Your REALTOR:
Adam Jacobson
February 2021
Real


What You Can Expect Your First Year In A New Home
Moving can be exciting, and it can also be scary. It can be smooth sailing or so wrought with silly (or serious) issues that your cat peeing in the box of towels because you haven't unpacked his cat dish yet sends you into the kind of rolling-on-the-ground, slapping-your-leg, crying-big-fat-tears laughter that makes your family wonder if you need medical intervention. And that's just the beginning of the adventure.
      In the first year in a new home, you'll likely experience the full spectrum of human emotions, sometimes in the span of a few minutes. And while you can't know everything that's going to happen, you can prepare yourself for some of the inevitabilities, of both the good and
Mortgage Rates
U.S. averages as of February 2021:


30 yr. fixed: 2.73%
15 yr. fixed: 2.20%
5/1 yr. adj: 2.80%






and not-so-good variety.
      Something's going to break It could just be a sprinkler head or it could be your air conditioning unit in the heat of
Wondering What Your Home Is Worth?

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What to Expect from An Appraisal
     When you’re buying or selling a home, you are likely going to face a home appraisal contingency. It can be anxiety-inducing on either end of the situation. Knowing what to expect can prepare you and reduce a bit of that anxiety.
      What Is an Appraisal? During an appraisal, someone who is licensed to conduct appraisals will do an inspection of a home to determine its actual worth. This is not always the same as the listing price. An appraiser will create a report of their findings, and then they’ll generate the appraised value of the home.
      If you’re a buyer and you’re making a purchase with a loan, your lender will likely order the appraisal.
      The lender doesn’t want to give



When is the Best Time to Sell a House?
     When you’re planning to sell your house, timing is important. You want the most people to see it and be interested, and you, of course, want it to go for the highest possible price. So when is the right timing? When is the worst time to sell a house, alternatively?
      The Local Housing Market We often think about seasonal trends when determining the best time to sell a house, and those are relevant but you have to think about the local housing market as well. Is it a buyer’s or seller’s market where you live?
      While there are national trends, real estate is often much more localized. For example, following the coronavirus pandemic, many big urban markets are dealing with stagnant or declining real estate sales. New York and San Francisco are examples. However, suburban markets are thriving.
      You do need to think about the local condition where your home is, and also even more

What Exactly is a ‘Government Backed’ Mortgage?
     One may or may not be familiar with the term ‘government backed’ but it might be a bit confusing at first. First, what it’s not, is a guarantee someone is going to get a mortgage because it’s backed by the federal government. These types of mortgages are differentiated from so-called ‘conventional’ mortgages. A conventional mortgage is one where the individual lender assumes all the risk of issuing a particular home loan. A government backed mortgage has a degree of a guarantee should the loan ever go into default.
      Most conventional loans issued today are those underwritten to Fannie Mae or Freddie Mac standards. When a lender makes a loan based upon these guidelines, the loan is typically sold to either Fannie or Freddie individually or ‘in bulk.’ Most conforming conventional loans make up nearly two-thirds of home loans issued today. The rest fall into the government backed category while a still smaller percentage are called ‘portfolio’ loans where the lender has no intention of selling the mortgage but instead keeps it in-house.
      There are three prominent types of government backed


  Daily News and Advice

Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
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2021’s Hottest Home Décor Trends
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What Are the Best Ways to Use Your Home’s Equity?
6 Questions Your Loan Officer is Sure to Ask


Adam Jacobson, GRI & CNE
Graduate REALTOR Institute
Certified Negotiation Expert

E-mail: Adam@RealEstateWithAdam.com
Website: http://www.RealEstateWithAdam.com
240-506-8289 (call or text)
Douglas Realty
240-506-8289 (call or text)
7520 Standish Place
Rockville, MD 20855


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