30 04, 2020

Tips for Buying a Home During Quarantine

2021-09-28T16:49:59+00:00April 30th, 2020|Blog, Buying a home, Tips & Advice|

Spring normally begins home buying season, but this March and April brought some different trends to the market. While there are still homes on the market, some buyers are wondering how to navigate buying a home while under a quarantine. We have gathered a few ways to keep yourself safe without giving up your dream of becoming a homeowner.

Be Virtual

This is the best way to handle most things with a quarantine. Most agents are offering virtual tours, lenders are working remotely, and home inspections are more virtual than in person.

Less Physical Contact

Of course, if you’re still doing a final walk through or in-person tour, contact is limited. The number of people allowed in the home will be as few as possible, definitely under ten, and many sellers are leaving closet doors and cabinets open so that multiple people don’t have to touch them during tours.

No Shoes

Of course, shoes carry a ton of germs. If possible, whether you’re buying or selling, try to remove shoes so they aren’t leaving germs on carpets and around the house for those concerned about passing the virus.

Close Online

There’s no reason that a buyer and seller need to be in the same place to sign paperwork. More importantly, the ability and convenience of signing electronically is welcomed by most anyway.

If buying a home was in the process for you when things closed, there’s ways to still make it happen. Be safe and if something feels too risky, ask your agent if there is a way to do it virtually.

27 04, 2020

Teach Children to Save

2020-04-27T12:37:10+00:00April 27th, 2020|Blog, General, Tips & Advice|

At what age did you start learning about saving money? Every April we celebrate National Teach Children to Save Day to recognize the importance of saving money and financial literacy. Financial literacy is often overlooked when it comes to children and according to youth.gov, “A survey of 15-year-olds in the United States found that 18 percent of respondents did not learn fundamental financial skills that are often applied in everyday situations, such as building a simple budget, comparison shopping, and understanding an invoice.”

By teaching children the importance of budgeting, saving and cost comparisons, you are helping build a foundation that will keep them from making big financial mistakes as adults. Consider implementing a few of these steps to start the conversations about saving money with your children.

1. Give each child a bank. Piggy banks are a common way to start the savings process. Start with nothing so they can see their savings grow.
2. Open a savings account and let them see the balance grow there too. This can eventually be a lesson on interest as well.
3. Show them what things costs. When they want a new toy, direct them to their savings. Ask them to consider whether to toy is worth the amount they want to spend. If they still want to purchase the item, have them pay. The act of paying with their own money will demonstrate to them the cost of the toy.
4. Demonstrate needs versus wants. Explain how food, clothing and shelter are needs. But we can live without going out to eat, buying a new television or the latest technology—those are wants. Place the needs before the wants in your daily shopping to show the difference regularly.

Making these small changes can really help kids getting on the right track toward financial literacy. The earlier we start […]