Your REALTOR®:
Kevin Kleifges
April 2020
Real
Helping people find their Dream Homes


Don’t Try to Outsmart the Markets
Getting ready to refinance your mortgage but waiting for rates to fall just one more time? Is that extra 1/8th percent ready to drop? Some consumers begin to follow economic news and perform no shortage of due diligence trying to pick the perfect time to lock in an interest rate. Loan officers are asked on a daily basis, “What are rates going to do?” The fact is nobody knows and for those who say they know, well, they don’t. Even the most learned of financial analysts get it wrong. There are just too many ingredients that affect mortgage rates, some expected but many unexpected, for any solid projection to come to fruition. Yes, there are certainly general trends that can be pointed to but trying to outsmart
Mortgage Rates
U.S. averages as of April 2020:


30 yr. fixed: 3.5%
15 yr. fixed: 2.92%
5/1 yr. adj: 3.34%






interest rate markets can go wrong rather quickly.
      Conventional mortgages, both fixed and adjustable, are tied to specific indices. A traditional 30 year
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New York Might Pass an Anti-Flipping Bill. Are Other States Far Behind?
     That dream of buying a house in a state of disrepair and fixing it up to sell for a big profit is one many of us share. And the people you see on TV aren’t the only ones who are doing more than dreaming. According to ATTOM Data Solutions’ most recent stats, more than 200,000 U.S. homes were bought and resold within a 12-month period in the year 2017. 
      “That’s just under 6% of all the single-family homes and condominiums sold that year,” said Investopedia.
      But, if the state of New York has its way, it might soon be harder to pocket that cash. There are actually two bills making their way through the system: Assembly Bill A5375A and Senate Bill S3060E. Each of them “Imposes a tax on the



What Is a Home Renovation Loan and Should You Think About One?
     For many homebuyers, a picture-perfect, move-in ready home is the dream. For others, a project house they can get for a discount and then put their personal stamp on is too good to pass up. The problem with many of these “project houses,” though: coming up with the money to complete the projects. 
      Once you’ve depleted your savings to gather the funds for your down payment and closing costs, there may not be much left over to knock down that wall between the kitchen and living room, redo the counters and cabinets, and put in new hardwood flooring. Add in the costs of new furniture and hiring movers, and it could be years before you’re finally ready to make those improvements. 
      This is where a home renovation loan can help. 
      What is a home renovation loan?
      Although they are growing in popularity, home renovation loans are

Top 5 Benefits of Having A Buyer's Agent Represent You

1. Full Representation- A Buyers' Agent owes 100% of their dedication and loyalty to you, the home buyer. They do not have a reason or motivation to "sell" one house over another, and can thoroughly put YOUR interests above any sellers' wants or needs.
     2. No Loyalty to Home Sellers or Listing Agents- Because of the 100% loyalty to you, their Buyer Client, a Buyers Agent does not need to look out for the best interests of the Seller, whatsoever. Their job is to get YOU - the Home Buyer, into the best home for the least amount of money and hassle possible. The Sellers' and the Listing Agents' wants and needs have nothing to do with the level of service provided by a Buyers' Agent to you, their Buyer Client.
     3. Great Knowledge of the Market- A Buyers agent knows "what is out there" better than anyone else. They spend much of their time looking at houses (both online and in person) and fully understand what is available and where all the good deals are. They are the ones setting appointments and viewing hundreds of homes every month. In many cases, a Buyer's Agent has already seen a home that you may be interested in, and can share with you many details before you even go inside!
    4. Access to ALL Available Properties- A Buyers Agent can show you ANY property that is available - regardless of the sign in the yard. They have access to every home that is for sale, the minute it becomes available, and have no loyalty to one listing agent or company over another. Also, in many cases they can effectively represent their buyer clients in the purchase of a home from an unrepresented seller (FSBO). A Professional Buyers Agent will leave no stone unturned when finding the perfect home for you, their Buyer Client.
     5. Effective Negotiating Skills and Contract Knowledge - A Buyers' Agent is an effective negotiator, as one main part of their job is to write solid offers that get you, their Buyer Client in the best possible situation. They negotiate and write contracts for a living and know all the tips and tricks to use and avoid when dealing with different listing agents and sellers. A Buyer's Agent thoroughly understands all the details of a Buy-Sell Contract, and is able to explain and walk through the entire contract, disclosures and any counter offers to you, their Buyer Client, in a way that actually makes sense. They will maintain the contract and all necessary dates, making sure that it all works out in YOUR BEST INTEREST. Furthermore, a Buyer's Agent can help you find competent lenders, home inspectors, landscapers and anyone else that you, a future homeowner, may need, once you find a home that you want to buy.
     BONUS BENEFIT ... In most cases, representation by a professional Buyers' Agent will cost you nothing - It's FREE! The compensation that a Buyer's Agent receives is built into the selling costs paid by the Seller at the time of closing. Wow! Please call me at 703-346-3783 to discuss how I can help you buy your next home. I am one of the top buyer agents in northern Virginia and would love to add you to my list of loyal clients



  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
March Real Estate Roundup
I Am Selling! Why Would I Put Money into a House I am Leaving?
What It Means When Your Loan Goes Into ‘Processing’
5 Home Projects to Enjoy Your Outdoor Space all Year Round
How to Buy a House Right Now


Kevin Kleifges, REALTOR
E-mail: kkleifges@gmail.com
Website: http://www.KevinsProperties.com
703-346-3783
Coldwell Banker
703-346-3783
1900 Baton Drive
Vienna VA 22182


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