How to Stop Worrying & Start Living!

The title of this post has been borrowed from Dale Carnegie’s book of the same name and all of these quotes are from his books. 

Many many people live their entire life without ever owning a home because fear got the best of them. The intentions here are not to push you into doing something you don’t want to do, but to nudge you to actually do the things you have always wanted to do. Read these quotes and apply them to your life in anyway that helps.

One of the worst features about worrying is that it destroys our ability to concentrate. When we worry, our minds jump here and there and everywhere, and we lose all power of decision. However, when we force ourselves to face the worst and accept it mentally, we then eliminate all those vague imaginings and put ourselves in a position in which we are able to concentrate on our problem.


Take a chance! All life is a chance. The man who goes farthest is generally the one who is willing to do and dare.


One of the most tragic things I know about human nature is that all of us tend to put off living. We are all dreaming of some magical rose garden over the horizon instead of enjoying the roses that are blooming outside our windows today.


 

If you are not in the process of becoming the person you want to be, you are automatically engaged in becoming the person you don’t want to be.

 

 

Buying Outright vs. Getting a Loan

 

Many people have a fantasy of buying a house with cash. It really does sound like a great idea. You will get out of spending tens-of-thousands of dollars in interest, private mortgage insurance, loan origination fees, etc. Many people say the word “debt” as if it was a disgusting word.

And, yes, sometimes debt can be a very negative thing when used wrong.  However, so much more needs to be calculated into this decision to strike out the idea.

Where are you living while you save up? If you are paying rent, none of that money is working to build you equity.

If you pay $700 in rent and are able to save an additional $300 a month to put into your house savings, it would take you 22 years to save up enough to buy an $80,000 house. Even worse, look how much better an $80,000 house was 22 years ago! We don’t know what the future holds, however house prices don’t tend to fall.

Instead, if you took out a loan for $80,000 in 1993 (22 years ago) and applied your $700 you had been paying in rent and your $300 extra, you would have paid off the loan in 2002. If you saved that $1000 you were paying from 2002 until 2015 you would have $156,000 and your new home value would be probably around $160,000.

Total equity in 2015

Paying in cash: $80,000

Getting the loan: $316,000

Difference: $236,000 of equity

These numbers are fairly rough, not including property taxes, or changes in income, however they represent the advantages of taking out a loan over waiting and saving.

 

 

March Real Estate Market Stats

MARCH STATS (HURON RESIDENTIAL)
• Sold 7 Huron Residential Sales compared to 12 in 2014
• 13 pending sales compared to 17 in 2014
• 32 new listings compared to 21 last year
• 87 current Huron Res listings compared to 65 in 2014
• Average days on the market was 133 days compared to 102

YEAR TO DATE STATS THROUGH MARCH
• 12 sold compared to 38 last year
• 32 pending sales compared to 39 in 2014
• 63 new listings compared to 46 last year
• 157 average days on the market compared to 128

Slumberland Give-a-way!

Slumberland Give-a-way!

Slumberland Furniture is giving away a $25 Gift Certificate!
Share and like this post for a chance to win. Also be sure to like our Facebook business page, Sold By Angie Team of Ace Realty, for an additional chance to win $25 to Huron’s Slumberland Store!

 

Which is better for you? 15-Year or 30-year Mortgage


If you are planning on buying a house soon, you have realized that there are more decisions to make than just “What house?”.
You will need to decide how you plan on financing the loan. The two main options that are usually presented to you are a 15-year mortgage and the 30-year mortgage. A 15-year mortgage has many benefits; APR rates are lower, you pay substantially less interest, and payments stop 15 years early! This is all off-set by paying more monthly.
Here is the questions you need to ask yourself:
Can you easily afford the payments of the 15 year mortgage?

If you take out a 15 year mortgage, would you have enough cash on hand to keep up with your lifestyle without building debt at higher interest rates on credit cards, student loans, car loans, etc?

Do you feel like your financial situation won’t change in the next 15 years?

Examples: Are you planning on having children? Will a 2-income household become a 1-income household if you do have children?

Many people take out a 30-year mortgage and plan on making extra principal payments every month so that it will be paid off in 15-years or so. This gives them the historically low fixed rate for a longer time and is easier to pay in months of financial crisis. However studies show that the average household doesn’t have the perseverance to continuously pay off extra each month.

Are you retiring soon?

The average age of a person taking out a 15-year mortgage is 40 years old according to USAToday.com. These people are closer to retiring and don’t want to be paying a mortgage into retirement.

Are you an investor, or want to be?

Some still choose a 30-year mortgage even if they can easily afford a 15-year mortgage. This is because it is “cheap money”. Today’s mortgage rates are low enough that many choose to invest their extra income into stocks, bonds, mutual funds, etc., because the average annual return on their investment is higher than what they are paying in interest. This is a perfectly legitimate strategy, however, it is not without risk! Especially after the recent recession, many feel having the deed to their house framed on their wall is priceless!

HeRe in HuRon Manolis Grocery Giveaway

HeRe in HuRon Manolis Grocery Giveaway


Share and like this post for a chance to win. Also be sure to like our Facebook business page, Sold By Angie Team of Ace Realty, for an additional chance to win $25 Gift Certificate to Manolis Grocery!

 

 

December Real Estate Stats for the Huron, SD Residential

Here are the Real Estate Stats for December and then for all of 2014. Residential Sales in Huron were down in 2014 but with interest rates still at historic lows and with our affordable housing here in Huron, we are hoping for a great 2015!
(*compiled from Huron Area MLS Stats)

Call, text or email with questions or for your FREE market evaluation. 605-350-2553, angie@soldbyangie.com, Angie Uttecht, Ace Realty, 1718 Dak Ave S, Huron, SD

DECEMBER STATS for HURON RESIDENTIAL
• 2014 average sales price of $78,590 compared to $124,167 in 2013
• Sold 10 Huron Residential Sales compared to a record 32 in 2013
• 4 Pending sales compared to 16 in 2013
• 6 new listings compared to 17 last year
• 87 current Huron Res listings compared to 78 in 2013
• Average days on the market was 152 days compared to 118

2014 YEAR IN REVIEW STATS
• 2014 average sales price $116,175 compared to $118,418 in 2013
• 156 sold compared to 195 last year, -$4,786,850 in volume
• 134 pending listings compared to 192 in 2013
• took in 237 new listings in 2014 compared to 285 last year
• 152 average days on the market compared to 118

Grand Prize Holiday Giveaway! $150 Huron Bucks!

Grand Prize Holiday Giveaway! $150 Huron Bucks!

The SoldbyAngie team wants to encourage Huron Residents to shop locally!

Enter the contest by sharing, liking, and commenting on Facebook!

Great deal on an Amazing House!

There really isn’t anyone who wouldn’t want to live in this house.  6 bedroom, 3 bath home with everything on your wish list. Heated floors in basement & garage, storage galore w/spacious walk in closets, storage lockers, laundry on each level, surround sound & intercom throughout, central vac, eat in kitchen, custom cherry cabinets & island w/prep sink, walk in pantry. This is not just a must see BUT a must BUY!

http://acerealty.net/mls/664-Nicholas-Court-Huron-SD-57350-mls_14-324

Why Live in Huron?

Huron, South Dakota is a great place to call home.  With a population of about 13,000 it is just big enough to have everything you need, without wasting your time traveling to and from work and school. If you live and work in Huron, an expected commute would be 5-7 Minutes. Huron is a great …