If you need assistance, please call 256-766-0000

Capstone Realty Blog

Wednesday, October 12, 2016   /   by Chelsea Dorroh

A little about me

Hello friends!

So with this being my very first blog, I'm going to need ya'll to bear with me as I get my feet wet in the blogging world. I plan to blog about REAL estate, REAL food, and REAL life, but first I thought I'd tell you a little about myself. My former english teachers will probably cringe reading this. 

Foremost, I'm a wife. My wonderful husband, Justin, and I have been married for 4 years. Some days it seems like 1 year and other days it seems like 25. Marriage isn't always easy, but let me tell you, it is always worth it. Justin is the best thing to ever happen to me and I love him unconditionally (even when he obsesses about fantasy football and leaves clothes on the floor). He makes me a better person. Yeah I know that sounds totally stereotypical and mushy gushy love stuff. You're probably thinking blah, blah, blah she sounds like the teacher from Charlie Brown, right? I get it. I really do. But when you find someone that makes you reflect on your own ...

Read More

Thursday, January 22, 2015   /   by Shane Kilby

New Fannie Mae Appraisal Program: Helping or Hurting?

 

 
Every home must be sold TWICE! Once to the buyer, and once to the bank appraiser if a mortgage is involved.
The second sale may have just become more difficult.
A new program announced by Fannie Mae may slow down the home-sale closing process by causing more disputes over prices between sellers and buyers.
In a recent Washington Post article they explained the basics of the program:

“Starting Jan. 26, Fannie plans to offer mortgage lenders access to proprietary home valuation databases that they can use to assess the accuracy and risks posed by the reports submitted by appraisers.” 
“The Fannie data will flag possible errors in the appraiser’s work before the lender commits to fund the loan, will score the appraisal for overall risk of inaccuracy and may provide as many as 20 alternative “comps” — properties in the area that have sold recently and are roughly comparable to the house the lender i ...

Read More

Tuesday, December 30, 2014   /   by Shane Kilby

Homeowners’ Tough Decision: OTM, FSBO or List

At the end of the year, in every region of the country, hundreds of homeowners have a tough decision to make. The ‘listing for sale agreement’ on their house is about to expire and they now must decide to either take their house off the market (OTM), For Sale by Owner (FSBO) or list it again with the same agent or a different agent. Let’s assume you or someone you know is in this situation and take a closer look at each possibility:
Taking Your Home off the Market
In all probability, after putting your house on the market and seeing it not sell, you’re going to be upset. You may be thinking that no one in the marketplace thought the house was worthy of the sales price.
Because you are upset, you may start to rationalize that selling wasn’t that important after all and say,

“Well, we didn’t really want to sell the house anyway. This idea of making a move right now probably doesn’t make sense.”

Don’t rationalize your dr ...

Read More

Tuesday, December 2, 2014   /   by Shane Kilby

Home Prices Continue to Rise

 
That is a headline you might have seen over the past weekend. And though it is true, we must understand the story behind the headline. Case Shiller reports on the year-over-year difference in home values. Their latest report revealed that the rate of appreciation has slowed – not that prices are falling!! Here is exactly what they said:
“The 20-City Composite gained 4.9% year-over-year, compared to 5.6% in August.”
Prices are still up this month over last year’s values (4.9%) just not as much as they were last month (5.6%).
Home Prices are NOT Falling.
As a matter of fact, the latest Home Price Expectation Survey by Pulsenomics (a survey of a nationwide panel of over one hundred economists, real estate experts and investment & market strategists) showed that home prices will continue to appreciate for the next several years.

Bottom Line
Both first time buyers and families thinking of moving-up ...

Read More

Sunday, November 2, 2014   /   by Shane Kilby

3 Questions to Ask Before Buying a Home

If you are thinking about purchasing a home right now, you are surely getting a lot of advice. Though your friends and family have your best interests at heart, they may not be fully aware of your needs and what is currently happening in real estate. Let’s look at whether or not now is actually a good time for you to buy a home.
There are three questions you should ask before purchasing in today’s market: 
1. Why am I buying a home in the first place?
This truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with finances. A study by the Joint Center for Housing Studies at Harvard University reveals that the four major reasons people buy a home have nothing to do with money:

A good place to raise children and for them to get a good education
A place where you and your family feel safe
More space for you and your family
Control of ...

Read More