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        <title>Real Estate Blog</title>
        <link>https://www.oakridge.net/blog/selling/</link>
        <description></description>
<item>
    <guid>https://www.oakridge.net/blog/how-to-prepare-your-home-for-the-spring-market.html</guid>
    <link>https://www.oakridge.net/blog/how-to-prepare-your-home-for-the-spring-market.html</link>
        <author>carl.ericson@oakridge.realestate (Oakridge Real Estate)</author>
        <title>How to Prepare Your Home for the Spring Market</title>
    <description> <![CDATA[ 



How to Prepare Your Home for the Spring Market


Spring is right around the corner. If you are thinking of selling this spring, now is the time to prepare your home for the spring market. Today we are sharing our Realtor's top three tips to prioritize in your home to attract potential buyers.


1. Deep Clean: Having a clean home plays a key role in impressing buyers. Start by removing family photos, cleaning closets, and removing any unused toys.


2. Fresh Paint: Paint is an easy way to transform any space in your home. A fresh coat of paint will add a bright and welcoming feeling to any room. 


3. Exterior Curb Appeal: First impressions are everything, and that starts with the outside of your home. Trim overgrown shrubs, clean up leaves, and ensure all gutters work properly.
 ]]> </description>
    <pubDate>Fri, 07 Mar 2025 16:34:00 -0600</pubDate>
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<item>
    <guid>https://www.oakridge.net/blog/the-1-reason-people-move-to-be-closer-to-family-friends.html</guid>
    <link>https://www.oakridge.net/blog/the-1-reason-people-move-to-be-closer-to-family-friends.html</link>
        <author>carl.ericson@oakridge.realestate (Oakridge Real Estate)</author>
        <title>The 1 Reason People Move: To Be Closer to Family &amp; Friends</title>
    <description> <![CDATA[ 



The 1 Reason People Move: To Be Closer to Family &amp; Friends


source: Keeping Current Matters


Have you ever thought about packing up and moving to be closer to the people who mean the most to you? Maybe you’re tired of long drives to see your family or wish your kids could spend more time with their grandparents. Clearly, a lot of other people feel the same way.


According to recent data from the National Association of Realtors (NAR), the desire to be near family and friends is the 1 reason people move (see graph below):





That’s because moving isn’t just about finding a new house – it’s about living a life where you’re surrounded by the people who matter most. Whether it’s catching up over weeknight dinners, watching your kids play with their cousins, or just knowing someone’s there when you need them, living near loved ones changes everything.


Let’s dive into why so many people are making this move and how it could be the best decision for you, too.


Why Family Comes First


Living near family and friends is a universal motivator that cuts across all types of buyers, whether you’re buying your first home or making a big lifestyle change.


But it’s especially important to repeat buyers. Unlike first-time homebuyers, who may be more focused on looking in more affordable areas, repeat buyers often have more flexibility on where they live. Many Baby Boomers, for example, have built significant equity in their homes, giving them the freedom to prioritize what matters most – like retiring near their grandkids. As Ali Wolf, Chief Economist at Zonda, says:




“25 of Baby Boomer households plan to retire near their children and grandchildren . . .”




Making a move to be closer to friends and family is all about creating a meaningful next chapter in your life where loved ones are just around the corner.


The Benefits of Living Near Loved Ones


But moving closer isn’t just a lifestyle choice – it’s a decision that offers real benefits:




Spending More Time Together Whether it’s joining family dinners, going to weekend activities, or simply having someone nearby to talk to, these moments strengthen relationships and make life more fulfilling.


Sharing Resources Living close to family can provide practical advantages, too – like sharing childcare, tools, or household items.


Cutting Down on Travel Instead of spending hours on the road to spend time together, you can enjoy more spontaneous visits. This not only enhances your quality of life, but it also provides peace of mind in case of emergencies.


Being There for Big Moments It also offers both emotional and practical support during life’s milestones. From graduations to tough times, being close to loved ones helps you feel connected and cared for.




Ready To Make Your Move?


At the end of the day, home isn’t just a place you live – it’s where your people are. Whether you’re looking to spend more quality time with family or enjoy the practical benefits of being closer to loved ones, the decision to move closer to those you care about is a deeply personal one.


Bottom Line


If you’re thinking about making a change, a local real estate agent would love to help. Together, you can explore neighborhoods that brings you closer to the people and places you love most.
 ]]> </description>
    <pubDate>Tue, 31 Dec 2024 12:48:00 -0600</pubDate>
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    <guid>https://www.oakridge.net/blog/the-mortgage-corner-with-greenstate-credit-union-how-to-protect-yourself-against-cyber-security-thre.html</guid>
    <link>https://www.oakridge.net/blog/the-mortgage-corner-with-greenstate-credit-union-how-to-protect-yourself-against-cyber-security-thre.html</link>
        <author>carl.ericson@oakridge.realestate (Oakridge Real Estate)</author>
        <title>The Mortgage Corner With GreenState Credit Union: How to Protect Yourself Against Cyber Security Threats</title>
    <description> <![CDATA[ 



The Mortgage Corner With GreenState Credit Union: How to Protect Yourself Against Cyber Security Threats


Obtaining a mortgage or facilitating any financial transaction electronically can expose you to potential cyber security threats. Our team wants to ensure you, your information, and your financial accounts are protected. While technology has improved your ability to manage your financial accounts, including everything from handling daily transactions to applying for a mortgage loan, it has also opened the door to criminals who seek to gain access to your accounts for fraudulent purposes.


In today's digital age, safeguarding your personal information is more important than ever. Here are some essential tips to help you prevent fraud and protect your data:






Use Strong, Unique Passwords: Ensure each of your online accounts has a unique and complex password. This makes it much harder for cybercriminals to access multiple accounts if one is compromised.






Enable Two-Factor Authentication (2FA): Adding an extra layer of security by enabling 2FA on your accounts can significantly decrease the likelihood of unauthorized access, even if your password is compromised.






Be Cautious with Sensitive Information: Avoid sharing personal or sensitive information over phone calls or text messages unless you are certain of the recipient's identity and legitimacy.






Verify Before Clicking Links: Only click on links that have been sent by verified contacts, such as a GreenState employee. Phishing scams often use fraudulent links to steal your personal information.






By incorporating these practices into your daily routine, you can effectively minimize the risk of fraud and keep your online presence secure. Stay vigilant and proactive to protect your personal information.


For more information on how to protect yourself and your financial accounts, visit Identity Theft Prevention (moneyright.gs) or Fraud Prevention - GreenState Credit Union.


Feel free to contact on our mortgage lenders with any questions www.greenstate.org/mortgage


NMLS 401238


 


 
 ]]> </description>
    <pubDate>Thu, 17 Oct 2024 16:38:00 -0500</pubDate>
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    <guid>https://www.oakridge.net/blog/the-mortgage-corner-with-greenstate-credit-union-what-is-an-escrow-analysis.html</guid>
    <link>https://www.oakridge.net/blog/the-mortgage-corner-with-greenstate-credit-union-what-is-an-escrow-analysis.html</link>
        <author>carl.ericson@oakridge.realestate (Oakridge Real Estate)</author>
        <title>The Mortgage Corner With GreenState Credit Union: What is an Escrow Analysis? </title>
    <description> <![CDATA[ 



The Mortgage Corner With GreenState Credit Union: What is an Escrow Analysis? 


To understand what an escrow analysis is, we must first understand what an escrow account is. 


An escrow account is an account established at the time of mortgage closing to hold the property taxes and insurance premiums. When an escrow account is established the monthly payment due from the borrower will include the actual loan principal and interest, plus the monthly equivalent of the property taxes and insurance premium for the home. When the taxes and insurance items are due, they are paid by the mortgage lender from the homeowners’ escrow account. 


 


Now that we have that understanding, let’s walk through what an escrow account analysis is. 


An escrow analysis happens annually for anyone who has an escrow account set up with their mortgage. Property taxes and insurance premiums can adjust annually, which requires the lender to determine if they are collecting the right amount from the borrower monthly to pay the upcoming premiums. In addition to ensuring the appropriate amount is collected monthly, the lender is required to always have a two- month cushion in the escrow account to handle any increase in premiums. These two calculations could impact your monthly payment going forward.


 


Why is my monthly payment changing?


If the upcoming billable amount for property tax or insurance has changed, the lender needs to adjust how much they are collecting from the borrower – which in turn will adjust the monthly payment due. 


 


How often is an escrow analysis done?


An escrow analysis is done once a year, typically in the fall in Iowa, after the annual property tax assessments have been sent to the homeowner. The escrow analysis statement will advise the borrower when any payment changes would take effect.


 


Why does an escrow shortage or surplus mean? 


If the analysis shows the taxes or insurance have changed and the lender does not have a two-month cushion at any time over the upcoming 12 months, then the escrow account will have a shortage. If the property taxes and insurance have gone down and the lender is holding more than a two-month cushion, the escrow account will have a surplus and be refunded to the borrower. 


 


What do I do if my escrow account has a shortage? 


The escrow analysis will provide you with an option to pay the shortage in full at one time, or you can spread it out over your loan payments.


 


What do I do if my escrow account has a surplus? 


If the escrow analysis determines you have a surplus, your lender will send you a refund. 


 


Phew, still with me? That was a lot of information – the biggest take away is that reviewing your escrow analysis can be intimidating We are here to help you navigate these documents and understand how it impacts your monthly payment. 


Contact any of our mortgage experts with questions after you review your escrow analysis statement. www.greenstate.org/mortgage


NMLS 401238


 


 
 ]]> </description>
    <pubDate>Mon, 09 Sep 2024 11:25:00 -0500</pubDate>
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    <guid>https://www.oakridge.net/blog/the-mortgage-corner-with-greenstate-credit-union-5-tips-to-finding-the-right-mortgage-lender.html</guid>
    <link>https://www.oakridge.net/blog/the-mortgage-corner-with-greenstate-credit-union-5-tips-to-finding-the-right-mortgage-lender.html</link>
        <author>carl.ericson@oakridge.realestate (Oakridge Real Estate)</author>
        <title>The Mortgage Corner with Greenstate Credit Union: 5 Tips to Finding the Right Mortgage Lender</title>
    <description> <![CDATA[ 



The Mortgage Corner with Greenstate Credit Union: 5 Tips to Finding the Right Mortgage Lender


Finding the right mortgage lender can feel like embarking on a quest through a maze of financial jargon and paperwork. All loans are created equal right? Wrong Similarly, all mortgage lenders are not created equal either. Each of us come with an arsenal of loan programs with different rates and fees, but it’s equally as important that you are comfortable with whom you are getting your financing from. Who is the person behind the desk that is helping you with one of the largest financial investments of your lifetime? 


With these five tips, you're sure to emerge victorious, loan in hand and homeownership dreams within reach.


1. Ask for Referrals from Friends, Family, and Your Realtor


Word of mouth is powerful. Reach out to friends, family, and your realtor for their lender recommendations. Personal experiences can provide invaluable insights into a lender's customer service, reliability, and overall satisfaction. Plus, referred lenders are more likely to go the extra mile to maintain their reputation.


2. Talk to Multiple Lenders


Speak to multiple lenders to compare what they have to offer. This step not only gives you a broader perspective on available options but also you to get to know the lender you will be working with and entrusting with one of the largest financial investments of your life. Remember, knowledge is power


3. Identify Your Preferred Loan Terms


Before you dive into the lender pool, it's crucial to know what you want. Are you looking for a 30-year fixed-rate mortgage, or does an adjustable-rate mortgage suit your needs better? Understanding your loan preferences helps narrow down your choices and ensures you select a lender that offers the best terms for your situation.


4. Compare Rates and Fees


When evaluating lenders, scrutinize their rates and fees. Even a small difference in interest rates can significantly impact your monthly payments and the total cost of your loan. Pay attention to closing costs, origination fees, and any other charges that might come up during the process.


5. Go Through the Pre-Qualification Process


A pre-qualification is more than just a preliminary step; it’s a powerful tool in your home-buying arsenal. It signals to sellers that you’re a serious buyer and gives you a clear picture of how much you can afford. Going through this process with multiple lenders can also help you compare their offers more effectively and get to know the lender who will be helping you.


Embarking on the journey to find the perfect mortgage lender may seem daunting, but with these tips in hand, you'll navigate the process with confidence and ease. Happy house hunting


For a mortgage consultation, you can contact one of our mortgage lenders at www.greenstate.org/mortgage NMLS 401238  
 ]]> </description>
    <pubDate>Mon, 05 Aug 2024 13:55:00 -0500</pubDate>
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    <guid>https://www.oakridge.net/blog/what-to-know-about-the-buyer-representation-agreement.html</guid>
    <link>https://www.oakridge.net/blog/what-to-know-about-the-buyer-representation-agreement.html</link>
        <author>carl.ericson@oakridge.realestate (Oakridge Real Estate)</author>
        <title>What to Know About the Buyer Representation Agreement</title>
    <description> <![CDATA[ 



What to Know About the Buyer Representation Agreement


As of July 1, 2024 the NAR (National Association of Realtors) and IAR (Iowa Association of Realtors) put into state law that anyone who wanted to buy a home in the state of Iowa with a REALTOR® must enter a Buyer Representation Agreement with their REALTOR®. The Buyer Representation Agreement ensures that the REALTOR® will act in the best interest of the buyer throughout the home-buying process, providing them with dedicated support, expertise, and advocacy. This agreement must be signed, in person or electronically, by both parties before looking at any homes or properties. By signing this agreement, you will be assured that your REALTOR® is committed to helping you find the right property and negotiate favorable terms, while also establishing clear expectations and responsibilities for both parties.


 


We encourage buyers to connect with your REALTOR® for any questions or schedule a time to go through the agreement.
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    <pubDate>Mon, 01 Jul 2024 11:59:00 -0500</pubDate>
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    <guid>https://www.oakridge.net/blog/a-spectacular-five-bedroom-custom-built-ranch-style-home-in-cedar-falls.html</guid>
    <link>https://www.oakridge.net/blog/a-spectacular-five-bedroom-custom-built-ranch-style-home-in-cedar-falls.html</link>
        <author>carl.ericson@oakridge.realestate (Oakridge Real Estate)</author>
        <title>A Spectacular Five Bedroom, Custom Built, Ranch Style Home in Cedar Falls</title>
    <description> <![CDATA[ 
Welcome Home to 2702 Glen Oaks Dr. Cedar Falls, Iowa





5 Bedroom | 3 Bathroom | 3,159 Square Feet | 3 Car Garage | $449,900


Take a look at this spectacular 5 bedroom, 3 bathroom, ranch-style home located in the desirable Ridges subdivision. You'll have 3,159 square feet of living space including a fully finished lower level This custom built home features attention to detail throughout, from the upgraded trim and solid doors, to the gourmet kitchen with granite counter tops, and built-in bookshelves surrounding the great room fireplace. Enjoy evenings spent in the spacious four-seasons room and summer barbecues on the deck overlooking the professionally landscaped, private and secluded backyard. Schedule a showing today


Listed by Brad Page | 319.404.8899


 


 


  


  


  


        


 
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    <pubDate>Wed, 10 Apr 2024 08:57:00 -0500</pubDate>
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    <guid>https://www.oakridge.net/blog/the-mortgage-corner-with-greenstate-credit-union-the-process-of-buying-selling-a-home-at-the-same-ti.html</guid>
    <link>https://www.oakridge.net/blog/the-mortgage-corner-with-greenstate-credit-union-the-process-of-buying-selling-a-home-at-the-same-ti.html</link>
        <author>carl.ericson@oakridge.realestate (Oakridge Real Estate)</author>
        <title>The Mortgage Corner with GreenState Credit Union: The Process of Buying &amp; Selling a Home at the Same Time</title>
    <description> <![CDATA[ 



The Mortgage Corner with GreenState Credit Union: The Process of Buying &amp; Selling a Home at the Same Time


Buying or selling a home can be stressful. It's not just about finding the perfect property to move into or finding the right buyer for your current home; it's about timing it right, qualifying for loans, and managing finances. And when these two significant life events happen simultaneously, the stress can be overwhelming. But don't fret. With the right preparation and guidance, you can navigate through this process smoothly. Here are a few tips to think about as you consider your next home purchase.


Getting Your Finances in Order


The first step in this journey is to get your finances in order. This includes understanding your current financial situation and how it will affect your ability to buy a new home and sell your current one. It would be best if you considered your credit score, your savings, your current home's equity, and your debt-to-income ratio. This information will be crucial when applying for a mortgage for your new home and when setting a competitive price for your current home.


Having a Timeline, But Being Flexible


Time management is crucial when buying and selling a home at the same time. You need to have a timeline for when you want to sell your current home and when you want to move into your new one. However, it's important to remember that the real estate market can be unpredictable. Therefore, while it's good to have a timeline, it's equally important to be flexible. You might need to adjust your plans based on how quickly your current home sells or how long it takes to close on your new home.


Considering a Sale Contingency


A sale contingency can be a lifesaver when buying and selling a home simultaneously. This is a clause that you can include in your contract that gives you the right to back out of the purchase of a new home if you can't sell your current one. This can protect you from being stuck with two mortgage payments if your current home doesn't sell as quickly as you hoped. Be sure you obtain guidance from our trusted Realtor partners about this option.


Exploring the Option of a Bridge Loan


If you find yourself in a position where you need to buy a new home before selling your current one, a bridge loan might be an option worth considering. This is a short-term loan that you can use to cover the down payment on your new home. Once your current home sells, you use the proceeds to pay off the bridge loan. However, it's important to talk to your lender about this option and understand the terms and conditions before you proceed.


Buying and selling a home simultaneously can be a challenging task, but with the right preparation and guidance, it can be a smooth and successful journey. Having a wonderful Oakridge Realtor and GreenState Credit Union lending partner to guide you through all your options is extremely important. 


For additional information please contact one of our lending partners at GreenState Credit Union at www.greenstate.org/mortgage


NMLS 401238


 


 
 ]]> </description>
    <pubDate>Fri, 10 Nov 2023 16:36:00 -0600</pubDate>
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    <guid>https://www.oakridge.net/blog/the-mortgage-corner-with-greenstate-credit-union-october-is-financial-planning-month.html</guid>
    <link>https://www.oakridge.net/blog/the-mortgage-corner-with-greenstate-credit-union-october-is-financial-planning-month.html</link>
        <author>carl.ericson@oakridge.realestate (Oakridge Real Estate)</author>
        <title>The Mortgage Corner with GreenState Credit Union: October is Financial Planning Month</title>
    <description> <![CDATA[ 



The Mortgage Corner with GreenState Credit Union: October is Financial Planning Month


Did you know that October is Financial Planning Month? If you haven’t taken stock of your finances lately — specifically your household budget — it’s the perfect time to do so. A good household budget can help you better manage spending and save for your financial goals, like buying a home, paying off debts, or even just taking a much-needed vacation.


Are you ready to update your household budget this month? Take these steps:






Know your after-tax income. Before you can create a smart budget, you need to know how much money you’re bringing in each month after taxes. This will, of course, include your salary, but any extra income should be considered as well (for example, freelancing, pet sitting, craft sales, etc.).






Determine your budgeting strategy. There are several common methods for budgeting. The 50/30/20 plan has you set aside 50 of your income for needs, 30 for wants, and 20 for savings or debts. The zero-based budget helps you determine how to spend without any leftover money, and the envelope system is a way to physically split your income (in cash) among your expenses with labeled envelopes.






Have a plan for your money. Once you pick a budgeting approach, determine how your current spending fits into your strategy and what adjustments you’ll need to make to stick to it. Map out your expenses from the last few months to see how they align with your new goals. You may find that you’ll need to cut costs in certain areas and increase your spending in others.






Create a system for tracking progress. Will you have a monthly meeting about money? Use budgeting apps on your phone? Create a household spreadsheet? Figure out how you’ll monitor, track, and adjust your budget over time so you’re more likely to stick to the plan.






For additional information please contact one of our lending partners at GreenState Credit Union at www.greenstate.org/mortgage


NMLS 401238
 ]]> </description>
    <pubDate>Wed, 04 Oct 2023 10:42:00 -0500</pubDate>
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    <guid>https://www.oakridge.net/blog/there-are-plenty-of-buyers-active-in-todays-market.html</guid>
    <link>https://www.oakridge.net/blog/there-are-plenty-of-buyers-active-in-todays-market.html</link>
        <author>carl.ericson@oakridge.realestate (Oakridge Real Estate)</author>
        <title>There are Plenty of Buyers Active in Today's Market</title>
    <description> <![CDATA[ 



There are Plenty of Buyers Active in Today's Market


Source: KCM


Are you holding off on selling your house because you think there aren't any buyers out there? Data proves just how active buyers still are today, even with higher mortgage rates. 


The ShowingTime Showing Index is a measure of buyers touring homes. It shows they're actually a lot more active that normal. This proves buyers still want to buy and those who can afford to move today are doing so.





&quot;Interest rate hikes continue to further cut into buyers' purchasing power, although they appear to have adapted to the higher mortgage rate environment...&quot; Danielle Hale - Chief Economist, Realtor.com


If you are thinking of buying don't delay your plan to sell for fear of no one buying. The opposite is true and buyer traffic is still strong today. Connect with a real estate agent to get your house in front of these buyers.


Some Highlights




Holding off on selling your house because you believe there aren’t any buyers out there?


Data shows buyers are still active, even with higher mortgage rates. This goes to show, people still want to buy homes, and those who can are moving now.


Don’t delay your plan to sell for fear no one is buying. The opposite is true and buyer traffic is still strong today. Connect with a real estate agent to get your house in front of these buyers.




Check out our other blog posts below for additional buying &amp; selling education


 
 ]]> </description>
    <pubDate>Thu, 21 Sep 2023 15:00:00 -0500</pubDate>
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