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Feature Home
 

107 Oldbarn Ln, Dothan AL  $642,000

Exquisite, executive estate located in gorgeous and gated Spann Farm! Enter into a spacious foyer with an office/library to your right and a formal dining room to your left. Step down into a grand room with coffered ceilings, custom built-ins and bamboo flooring! Newly remodeled kitchen features stainless steel appliances, quartz counters, porcelain tile and a large breakfast area. The elegant master suite features dual closets and a stunning en suite with dual vanities, jetted tub and large tiled shower! Two additional bedrooms on the opposite side of the home are good sized. One has a private bath, while the other is next to a hall bath. Upstairs there is a bonus room or fourth bedroom with a full bath. There is an awesome outdoor living space with gas fireplace and screened-in pool! For more information or to schedule a tour, call Kim Lee, 333-6457! 

Click Here to View the 3D Tour

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February Showcase Agents!!!
 

Berkshire Hathaway HomeServices Showcase Properties would like to recognize the “Showcase Agents” for the month of February-

Jackie Johnson, Kim Lee, Tesi Conte-Rodriguez, Angela Blissett, Tim Vierkandt, Laurie Peacock, Danita Murdoch, Ramona Miley, Betty and Robert Brewer of The Brewer Team, and Keith Denton!

These highly trained and motivated professionals continue to set the standard for productivity, professionalism, client satisfaction, and commitment to career development. Our team of professionals at Berkshire Hathaway HomeServices Showcase Properties is “Committed to Excellence - Every Day in Every Way.”

 
Market Update
 

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FINANCIAL ADVICE
 

Home Ownership Hedges Against Inflation

Great financial reasons to own real estate, advises Biggerpockets.com, are building equity, tax advantages that don’t exist for other asset classes, not having to pay rent, passive income from rental properties, among many others. One of the greatest advantages is that buying a home is a terrific hedge against inflation.

Since 1913, the annual inflation rate in the U.S. has averaged 3.10%. As the cost of goods and services rises, so do the costs of buying a home. Currently, mortgage interest rates, or the borrowing costs to buy a home, are at record lows. If you were to purchase a home today, you’d be able to lock in fixed-rate long-term debt (your mortgage) to buy a financial asset that promises to rise in value while you enjoy using it.   

That means that while others pay rising rents and home prices year after year, your monthly payments are cheaper and cheaper, by comparison, allowing you the freedom to reinvest in your home, invest in other asset classes, or put money toward other worthy goals such as higher education and retirement. Another way of looking at it is that the first year you own your home will also seem the most expensive, and it will get easier year after year. 

A home as an inflation hedge is important because after the pandemic the economy will improve to the point that the government needs to control inflation by raising borrowing rates to banks, mortgages. Homebuying will only become more expensive.

COVID-19 Showing Guidelines
 

We have extra precautions and procedures in place for property showings (click the image above for details.) Also, over 90% of our residential listings are showcased with fully immersive and interactive tours on our 3D Website, www.Dothan3DTours.com. If you have any questions, please reach out to your favorite Berkshire Hathaway HomeServices Showcase Properties Agent. Don't have an agent? We always have a knowledgeable Real Estate Sales Professional on call: 792-7474!

 
 
HOMEOWNERS' ADVICE
 

Packing for Your Move

Deciding what to pack when you’re moving isn’t easy. However, if you follow these simple suggestions, packing to move and unpacking to move into your new home will be much easier.

Declutter: Decluttering serves two purposes. It makes it less expensive for you to move because you’re not paying freight to move things you no longer need or want. Second, less clutter makes your home show better to homebuyers. A good rule of thumb is to group items into no more than three categories - Keep, Donate, and Throw Away. Add a “Sell” category if you have time to pack and ship the items. 

Organize: Use good packing materials, including sturdy boxes, bubble wrap, and paper, especially if you’re doing the packing and not the moving company. Clearly label the boxes according to the rooms where they’ll be moved. Provide your movers with copies of a simplified floorplan, so they don’t have to stop and ask you where this or that box goes.

Think ahead: Remember that the movers, though they are professionals, get tired and that’s when accidents happen.  Keep boxes under 50 pounds whenever possible. Put heavier items in smaller boxes to reduce bulkiness, and lighter items in larger boxes with proper labeling like “topload.”

Insure your move: Contact your homeowner’s insurance carrier about coverage for moving and riders for valuables. Your mover can provide either released value insurance (about $0.60 per pound of goods lost or damaged), according to Moving.com) or the full replacement value.

 
HOMEBUYERS’ ADVICE
 

Student Loans and Homebuying

According to StudentLoanHero.com, you can get a mortgage loan, even with high student loan debt. It’s all in how you manage the three most important factors in getting loan approval: 

Down Payment: Twenty percent of the purchase price of the home is the benchmark down payment, but it’s possible to get a loan with a down payment as little as 3% such as the Fannie Mae HomeReady™ mortgage. Down payments can be gifts from parents, from your savings, or from state and local down payment assistance programs. No-down-payment loans for veterans are available from VA.gov and rural community loans from USDA.gov.

Credit Scores:  Quickenloans.com says the minimum credit scores you need (between 580 and 620) depend on the type of loan you want. VA loans don’t require credit scores, but the private lenders who make the loans do have minimum credit score requirements, usually 580.

Debt-to-Income ratio: Debt-to-income (DTI) ratio means how much debt you have as a percentage of your income. Most lenders believe you should have no more than 28-31% of your gross monthly income put toward housing costs. Your total debt service should be no more than 10-13% of your gross monthly income. To lower your debt, start making higher payments to reduce the amount of credit card debt you have. You can also refinance your student loans to lower the payments, but be cautious about refinancing federal loans as you’ll lose certain protections like loan forbearance, loan forgiveness and income-based payments.   

 
SUNSHINE KIDS
 

Our Company is a Proud Supporter of Sunshine Kids™

$880.00 Donated in YTD!

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Berkshire Hathaway HomeServices Showcase Properties
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101 Executive Park Drive Dothan, AL 36303

©2024 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Information not verified or guaranteed. If your property is currently listed with a Broker, this is not intended as a solicitation. Equal Housing Opportunity.