Interest Rates Make it the Easiest in Decades to Buy a Home

Larry O. Doss Friday, February 21, 2020

With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time.
According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low.... Read more

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How Trusted Professionals Make Homebuying Easier to Understand

Larry O. Doss Thursday, February 20, 2020

In the spring, many excited buyers get ready to enter the housing market. Others continue dreaming about the homes they’d like to buy. The truth is, many potential buyers continue to dream longer than they need to, simply because they’re confused about the homebuying process. Thankfully, working with a trusted real estate professional can help ease those concerns and make the process to homeownership much easier to understand.

A recent survey conducted by Ipson and Freddie Mac reveals the confidence level of Gen Z and Millennial buyers regarding the homebuying process. The graph below... Read more

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Old Town Christmas Season Begins

Larry O. Doss Tuesday, November 26, 2019

November 26th Ming Tree Realtors is sponsoring along with Old Town Merchants the delivery to the local Old Town Stores, locally made Christmas Wreaths as a kick off to the holiday shopping season. Plenty of photo "opps" with the Clydesdales and red hitch wagon through Old Town or at your favorite Old Town Business.... Read more

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Winter Prepping for Spring Selling

Larry O. Doss Sunday, January 22, 2017

Planning on Selling your house this spring? Use these rainy days to prepare the interior of your home. It will pay off financially and will alleviate your stress when it’s time to list your house.Prepping Ideas:

1. Tackle one room at a time and start to declutter and organize. Make three piles; one to throw away, one to take to the thrift store and one to keep. Don’t move on to the next room until you have finished the first one. It will give you a feeling of accomplishment.

2. Do some touch up painting You will see immediate improvements in the brightness of your hous... Read more

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The “Green Rush” is on!

Larry O. Doss

People from all over California and all over the nation are rushing to Humboldt County to buy up “grow properties,” land suitable for the growing of marijuana. Has it affected the real estate market in Humboldt County? I teased out some simple statistics to get a broad overview of this issue.

To get a baseline of the real estate market without the influence of “grow properties, “ I pulled up all of the single family homes sold in Humboldt County on city lots over the last 4 years. These homes, by and large, shouldn’t be affected by the marijuana industry.

What I saw was a ... Read more

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What is Private Mortgage Insurance (PMI)?

Larry O. Doss

When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have Too Much Information (TMI) about Private Mortgage Insurance (PMI).

Freddie Mac defines PMI as: "An insurance policy that protects the lender if you are unable to pay your mortgage. It’s a monthly fee, rolled into your mortgage payment, that is required for all conforming, conventional loans that have down payments less t... Read more

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Based on information from the Humboldt Association of REALTORS®, as of 02/27/2020. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker or MLS for accuracy. All information should be independently reviewed and verified of accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright ©2020 Humboldt Association of Realtors®. All rights reserved.