Better Homeowners

Annual Homeowner's Advisory - 2/6/2011

An annual physical is an important proactive approach to personal health and an annual homeowner advisory can be just as beneficial for you and your finances.

Regardless of whether you're moving, knowing the values of homes similar to yours that have sold recently allows you to keep your hand on the pulse of the market.  It should be interesting to know how many homes in the area have sold, their time on the market and how much current inventory is available.

Even though mortgage rates are starting to creep up, it may be the last opportunity to refinance your home to lower your monthly housing costs.  I can provide a simple analysis showing your monthly savings and how long it will take to recapture the cost of refinancing.

A powerful strategy might be to continue making the higher payment from your current mortgage on the newly refinanced mortgage in order to pay the principal down faster.  It will build equity faster and shorten the term of your fixed rate mortgage.

Maybe you'd like to know how much extra you'll need to pay on your mortgage each month to get it paid off by a certain date.  I can quickly calculate that amount and send it to you.

Don't forget to call whenever you need a recommendation of a painter, plumber or other workmen.  We're constantly evaluating service providers based on work done on the homes we're selling.

Contact me if you want information on any of the following:

  • List of properties sold and available near subject
  • Refinancing analysis to lower your cost of housing
  • Estimate to pay off the home within a specific period of time
  • Repairmen and contractor recommendations
  • Information on rental property opportunities

These services are being offered so you'll consider me your real estate professional, and think of me when you buy, sell or hear of someone who does.

Kathryn Sotelo

Keller Williams Realty Louisville East
(502) 376-8806