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Really? You still haven’t bought a Kenai home!

January 19, 2013 By Glenda Feeken

Mreallyortgage rates are lower than they’ve been in 50 years and you still haven’t bought a Kenai home. Really?

 

Housing affordability is over 180, an all-time high when 100 is considered good and you’re still renting. Really? Are you waiting for it to get to 200? Do you think prices and rates are going to get lower? Really?

 

You know it’s costing you more every month to rent than to own. Tax savings, appreciation and principal reduction lower the monthly cost of housing and yet you’d rather let your landlord benefit…Really? Have you heard that the average homeowner has 41 times greater net worth than a renter? Do you think it’s a coincidence? Really?

 

And have you heard that most people want a place of their own; a place to raise their family; to share with their friends; to feel safe and secure. So, you’d rather go home after working hard all day to your landlord’s home. You’d prefer to invite some friends over to your landlord’s home for dinner next weekend. Really?

 

You haven’t checked out whether you can actually take advantage of the best buyer’s market ever. You haven’t invested thirty minutes to find out the facts as they apply to you and your situation. Really? You’re basing a decision on national news, chat rooms and Facebook. Really?

 

Every market is different. Every buyer is unique. If you want a Soldotna home; if you have a down payment; if you have good credit, you owe it to yourself and your family to explore the possibilities…but with a real estate professional; someone who can really show you the reasons and really give you options.

Filed Under: Team Feeken Tagged With: Glenda Feeken, Kenai Home, Kenai Homes, Kenai Peninsula Real Estate, kenai peninsula real estate for sale, Kenai Real Estate, Kenai Real estate for sale, Soldotna Homes, Soldotna Homes For Sale, Soldotna Real Estate, Soldotna Real Estate for sale, Team Feeken

Kenai Real Estate & Homes For Sale Activity Report :: 4 New Listing

January 18, 2013 By Glenda Feeken

Kenai Real Estate update 1 18 13 13-652

Kenai Real Estate & Homes For Sale: 10224 KENAI SPUR Highway Kenai, AK 99611

North Kenai Real Estate & Homes For Sale: Lot 68A Opal Street North Kenai, AK 99635

Soldotna Real Estate & Homes For Sale: 45250 Cosmosview Court Soldotna, AK 99669, 28635 Reflection Lake Road
Soldotna, AK 99669

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Filed Under: Kenai Real Estate :: New Listings Tagged With: Glenda Feeken, Kenai Home, Kenai Homes, Kenai Peninsula Real Estate, kenai peninsula real estate for sale, Kenai Real Estate, Kenai Real estate for sale, Soldotna Real Estate, Soldotna Real Estate for sale, Team Feeken

Soldotna Real Estate & Homes For Sale :: New Lisitings

January 17, 2013 By Glenda Feeken

Soldonta Real Estate Update New Listing 1 17 13 13-537

Soldotna Real Estate & Homes For Sale: 33365 COMMUNITY COLLEGE Drive Soldotna, AK 99669, 35831 TARA Circle
Soldotna, AK 99669, 40035 STERLING Highway Soldotna, AK 99669

Kenai Real Estate & Homes For Sale: 49957 Eider Drive Kenai, AK 99611

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Filed Under: Soldotna Real Estate :: New Listings Tagged With: Glenda Feeken, Kenai Home, Kenai Homes, Kenai Homes For Sale, Kenai Market Report, Kenai Peninsula Real Estate, kenai peninsula real estate for sale, Kenai Real Estate, Kenai Real estate for sale, Soldotna Homes, Soldotna Homes For Sale, Soldotna Real Estate, Soldotna Real Estate for sale, Team Feeken

Sooner Is Better Than Later For Kenai Home Buyers

January 17, 2013 By Glenda Feeken

soonorlater

Buyers who have delayed purchasing a Kenai home due to concerns about what might happen to the tax laws affecting home ownership should feel comfortable about getting back in the market. The recent legislation passed by Congress and signed by the President continues to value homes as a favored investment.

For a summary of specific real estate provisions in the “Fiscal Cliff” bill, click here.

Whether the delayed purchase is for a Kenai home to live in as your principal residence or to use as rental property, taking action sooner is better than later.

Reasons to buy now:

  • The house payment with taxes and insurance is probably cheaper than the rent.
  • Rents will continue to rise making the difference even greater in the future.
  • Lock-in the principal & interest payment with a fixed-rate mortgage.
  • 30 year mortgage terms are available to most borrowers.
  • The mortgage interest deduction is intact for the majority of taxpayers.
  • The capital gain exclusion for principal residences up to $500,000 remains in place.
  • Prices are going up due to lower inventories and several years of low housing starts.

Contact me about any specific questions you have or information you need.

Filed Under: Kenai Real Estate News, Team Feeken Tagged With: Glenda Feeken, Kenai Home, Kenai Homes, Kenai Peninsula Real Estate, Kenai Real Estate, Soldotna Real Estate, Team Feeken

Soldotna Real Estate Update :: New Listing

January 16, 2013 By Glenda Feeken

Soldotna Real Estate 1 16 13 13-497

Soldotna Real Estate: 47145 Tobacco Lane Soldotna, AK 99669

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Filed Under: Out and About in Kenai Tagged With: Glenda Feeken, Kenai Home, Kenai Homes, Kenai Homes For Sale, Kenai Peninsula Real Estate, kenai peninsula real estate for sale, Kenai Real Estate, Kenai Real estate for sale, Soldotna Real Estate, Soldotna Real Estate for sale, Team Feeken

Scary Kenai Real Estate Tales

January 16, 2013 By Glenda Feeken

Kenai-real-estate-Haunted-House-174112You are all grown up, you brush your teeth, go to work and even vote on occasion. It is high time that you bough a Kenai home.  You visited your lender and have found the perfect house. Before you know it the offer is accepted and the inspection, appraisal and title are complete.  All that is left is the close!  What  could go wrong now???

 

This is where the scary part comes in.  You and the wife are out looking at all that great furniture to fill the empty spaces in your new Kenai home.  What will it hurt if you borrow $5,000-$10,000? You can handle the monthly payment no problem.  Since your all grown up you need a grown up truck to go with the grown up furniture.

 

No problem right! BIG PROBLEM!  High dollar purchases can change your debt-to-income ratio, this could place you in the position of not qualifying.  The Lenders have a clause in their approval letter that states that any material changes to your financial condition, i.e. new debt, will require you to reapply for the loan.  Any major purchase like a truck, in-store financing or credit card  purchase can cost you your approval. Yep! This truly did happen…. The lenders will pull your credit report again before closing and double check your entire loan package.

 

Then there was the buyer who said to the closer “look out in the parking lot. How do you like my new RV? It is going to go great with the house!” Needless to say the closing came to a sudden stop until lender could re-qualify the loan package.

Filed Under: Team Feeken Tagged With: Glenda Feeken, Kenai Home, Kenai Homes, Kenai Real Estate, Soldotna Real Estate

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About Team Feeken

Full time professional real estate agency serving the needs of Kenai, Soldotna, North Kenai, Sterling, Kenai River and surrounding areas for over 39 years. Specializing in residential homes for sale and commercial property. … Read More

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Glenda Feeken, Jared Potter with RE/MAX of the Peninsula
10767 Kenai Spur Hwy Ste A, Kenai, AK 99611
Office: 907.283.5888 • Cell: 907.252.2743
Site: www.kenaihomes.com

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