Your Home Town Realtor:
Bill Copithorne
January 2020
Real


Should You Buy a Fixer-Upper?
Home prices continue to rise, which is keeping many a renter out of the market. But, fixer-uppers present a potential opportunity. For starters, the lower prices create the affordability that is lacking in other segments of the market. So should you be looking for one? We’re breaking down the pros and cons.
      The ability to buy a house: Median home prices are at a record high, while affordability is at one of its lowest points. The reality for many people is that there seems like there is no end in sight to renting. A fixer-upper may present an opportunity simply because of the lower price point that gets you in the door.
      Pride of
Mortgage Rates
U.S. averages as of January 2020:


30 yr. fixed: 3.74%
15 yr. fixed: 3.19%
5/1 yr. adj: 3.45%






of ownership: Pride of ownership is a real thing for homebuyers. And that pride grows even stronger when you’ve had a hand in making
Wondering What Your Home Is Worth?

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Real Estate Market Predictions for 2020
     If it’s the end of the year, it must be time for the soothsayers to come out. When it comes to predictions for the real estate market, well, there are a lot of them. We’ve taken the temperature of the experts to get a feel for what we can expect in 2020. 
      Grain of salt warning: There was widespread agreement in 2018 about rising mortgage rates in 2019, that, initially proved true. But, ultimately rates went down—and stayed there. Experts can make educated guesses based on a wide range of economic factors, but with an impeachment hearing in the Senate pending and what is likely going to be a bonkers presidential election, anything could happen. That being said, there are some predictions we feel pretty good about—and some you’ll



8 Tips for New Homeowners Moving to a New State
     No matter why you’re moving, whether you got a brand new job in a different city or simply want a change of life, it can be tough to relocate. And all of that doesn’t even take into account the process of moving all of your belongings from one state to another. In this guide, we will be going over some tips to help you pack up your life and move to a whole new state.
      1. Do plenty of research. Before you actually start the moving process, you should start by researching the city to which you plan to relocate. From local shops to schools and food chains, you should know exactly what your new city has to offer. We highly suggest doing a thorough internet search or, if possible, even driving through the city to get a better understanding of the area.
      2. Search for your new home. Before you take the plunge and move to a new city, you should spend at least a couple months beforehand finding a new home.

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When You Know It’s Probably Time to Switch Loan Officers
     Let’s face it, a mortgage company, bank or mortgage brokerage operation can spend as much money as they want to market and advertise their services. But in reality, you’re really not working directly with the company, you’re working with an individual loan officer. A bank can blitz the airwaves with multiple messages 24/7 but it all boils down to the experience of the loan officer. 
      Unless you have a personal referral from someone who has worked directly with an individual loan officer such as a real estate agent or close friend, if your loan officer is assigned to you rather than the result of your personal choice, well let’s say you’re taking somewhat of a chance. 
      It can be a pain to switch mortgage companies, especially so after you’ve picked out a property, but getting a bad loan officer might very well be worth the change. And even if you’ve just submitted a loan application and received a preapproval, you might be getting some signals it’s time to change course.
      One of the first signs is the lack of communication. Few things are more


  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.
More Articles
December Real Estate Roundup
What to Know About Credit Repair: Your Loan Officer Can Do It Better
Have a Dog? Be Careful What—and Where—You Buy.
New Year’s Resolutions for Home
How to Know You Have Found the Right House



Bill Copithorne ABR CRS GRI SRES
E-mail: Bill@BillCopithorne.com
Website: www.sweeneyandoconnell.com
781-643-7478
781-820-9658

Sweeney & O'Connell Real Estate
781-643-7478
1189 Mass Ave.
Arlington, MA 02476


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