FOR IMMEDIATE RELEASE
Two outstanding REALTORS with Berkshire Hathaway HomeServices Hodnett Cooper Real Estate earned awards from the Golden Isles Association of REALTORS
Erin Vaughn, Associate Broker with Berkshire Hathaway HomeServices Hodnett Cooper Real Estate, earns REALTOR of the year award for 2017.
Rachel Fitzpatrick, Associate Broker with Berkshire Hathaway HomeServices Hodnett Cooper Real Estate, earns PRESIDENT’S award for 2017.
- SIMONS ISLAND, GA (March 12, 2018) – Two outstanding REALTORS with Berkshire Hathaway HomeServices Hodnett Cooper Real Estate were recently honored with awards at the Golden Isles Association of REALTORS 80TH Annual Awards Gala.
Erin Vaughn, Associate Broker with Berkshire Hathaway HomeServices Hodnett Cooper Real Estate, earned REALTOR of the Year award. Each year, GIAR accepts nomination ballots for
REALTOR of the Year. Eligibility criteria include a combination of factors including business accomplishments, high standard of ethics, civic activity and participation in the local, state and national associations.
Erin has been a top producing agent for a number of years and has grown her business considerably; she recently earned an award as 2017’s Top Producing Agent of the Year with Berkshire Hathaway HomeServices Hodnett Cooper Real Estate with over $15 million in total sales volume. “We are so proud and thrilled to have Erin as part of your company. She is professional and ethical in everything she does, and is an inspiration to everyone that has the privilege to work with her, “shares Pat Cooper, Owner and Broker.
In addition to her outstanding sales accomplishments, Erin is currently serving as Director of the MLS Board of Directors and has held various leadership roles with the Golden Isles Association of Realtors over the last few years. She is an active member of the community and regularly volunteers with local elementary schools as well as the Glynn County Recreation Department.
Rachel Fitzpatrick, Associate Broker with Berkshire Hathaway HomeServices Hodnett Cooper Real Estate, garnered the President’s Award for 2017. Robert Driggers, Immediate Past President, presented the award to Rachel in appreciation for outstanding contributions and involvement during his term as President of the Golden Isles Association of Realtors.
Rachel currently serves as the Vice President of Member & Public Services for the Association and is quick to lend a helping hand to anyone who needs it. Throughout the year, Rachel works
with various organizations and is always on the lookout for an opportunity to assist the less fortunate. By the giving of her time and talents, Rachel not only makes a difference in the community but in her profession as well.
“Rachel is so giving. She selflessly serves her community, her friends, her profession, and more. Her positive energy is infectious and her helpfulness is a direct attribute to her accomplishments. I cannot think of a person who is more deserving of recognition for her commitment to being involved,” said Pat Cooper.
Berkshire Hathaway HomeServices Hodnett Cooper Real Estate is so incredibly proud of both Erin and Rachel for these outstanding achievements.
About Berkshire Hathaway HomeServices Hodnett Cooper Real Estate
Hodnett Cooper Real Estate is a family-owned and operated company with four offices throughout the Golden Isles offering a full range of real estate services including real estate sales, residential rentals, property management and commercial sales. The brokerage is the premier real estate company in southeast coastal Georgia with a professional and diverse team of agents. Visit www.BHHSHodnettCooper.com.
About Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServices, based in Irvine, CA, is a brand-new real estate brokerage network built for a new era in residential real estate. The network, among the few organizations entrusted to use the world-renowned Berkshire Hathaway name, brings to the real estate market a definitive mark of trust, integrity, stability and longevity.
About HSF Affiliates LLC
Irvine, CA-based HSF Affiliates LLC operates Berkshire Hathaway HomeServices, Prudential Real Estate and Real Living Real Estate franchise networks. The company is a joint venture of which HomeServices of America, Inc., the nation’s second-largest, full-service residential brokerage firm, is a majority owner. HomeServices of America is an affiliate of world-renowned Berkshire Hathaway Inc.
Fast Market Mortgages
Just as your Berkshire Hathaway HomeServices network professional wants you to be successful in your quest to buy a home, so does your mortgage lender, which means being ready to compete in a fast market.
A good lender will get you preapproved for a loan before you make an offer to buy a home. There’s really no way to speed up this process, so it’s best if you start now. Your lender will need time to run your credit, check your employment history, and see what loans you can get and for how much.
You may find a home you want to buy, but in a fast market, sellers know they have the advantage. They may refuse to consider FHA, VA or other conforming loans because they don’t want to go through the more rigorous appraisal process. Sellers may ask that you make your highest and best offer by a certain date, which is often over list price. You’re competing with all-cash buyers and 20-percent – down buyers, so consider shopping for homes under your highest price range.
Communicate often with your lender. Send them the MLS numbers of the homes you’re interested in. They’ll tell you what you need to offer, how much you’ll need to put down, and how high you can go, as well as provide a preapproval letter for the seller to accompany your offer. For example, something like HOA fees will raise your monthly debt and impact how much home you can buy.
SHOULD YOU SELL OR REMODEL YOUR HOME?
Anything that gets as much use as your home shows wear and tear after a few years. Colors and decorative styles look tired and outdated, or you may need more room due to an addition in the family. So do you sell or remodel and stay?
Ask your Berkshire Hathaway HomeServices network professional to show you homes for sale that have the size, features and finishes you want, and create a comparative market analysis of homes like yours so you’ll know what you can reasonably expect to net if you sell.
You’ll pay about 12% of the sales price and more in closing costs to sell and purchase another home. Moving costs are about $2,300, (if you have 4 movers at $200 per hour) for an intrastate move and about 7,400 pounds of household goods, according to the American Moving and Storage Association.
If you decide to remodel, make sure your design will meet your needs for years to come. You’ll need the right team – contractors, kitchen planners and interior designers to help you put it all together. Talk to your lender to learn how much you can borrow and if that sum will help you meet your remodeling goals.
While most tax costs that affect homeowners are determined by the taxing authorities in each state, The Tax Cuts and Jobs Act will affect property ownership for everyone.
Unless Congress does some tinkering with the Act after it was signed into law in December 2017, corporations will receive a massive tax cut as individuals and married couples receive higher standard income tax deductions. Taxable rates are cut in all levels of income for individuals, and the standard tax deduction will double to $12,000. Joint filers will receive a deduction of $24,000.
Homeowners are used to deducting state and local income, property and sales taxes from their federal income tax, but those deductions will be capped at $10,000 annually for homes purchased after December 15, 2017. And the mortgage interest deduction will only be available to those with new mortgages under $750,000, according to Curbed.com, and for existing loans up to $1 million. The same deduction remains in place for second homes, says the The Wall Street Journal.
This could affect homeowners in high-cost areas such as California and New York but proponents of the Tax Act say doubled individual deductions should offset some, most or all of the difference.
Experts are unsure at this point whether or not the changes will affect the housing market, but it could have a terrific impact in some areas, if homeowners decide to wait and see what happens, lowering available inventory and causing prices to rise in mid-cost, high-demand areas like Dallas, Las Vegas and others. As always, please ask your tax professional for the best advice.
The Combustible Adjustable Mortgage
You’ll pay a little more for a fixed rate mortgage for the peace of mind that your principle and interest payment will never increase but that’s not always the most appealing choice for some homebuyers.
The longer you intend to stay in your home,–generally five years or more–the safer you are with a fixed rate. But if you plan to occupy your home for only a short time, the adjustable rate mortgage or A.R.M. might be worth considering. You can buy a more expensive home with a lower interest rate, or you can take the difference in what you’d pay toward a fixed rate and put it into savings, if you’re that disciplined.
On the downside, risk is greater with an A.R.M., depending on its terms–when and by how much the loan adjusts in interest. An A.R.M. isn’t a bargain if you have to come up with several hundred dollars more per month after a short period, or if you have to refinance your A.R.M. into a fixed rate for several thousand dollars a few years later.
A hybrid loan may offer the best of both worlds. A hybrid is fixed for a period of time, such as five, seven or ten years, then adjusts to a new rate when the term ends, giving you plenty of time to sell your home before the first adjustment.
Talk to your lender, share your plans and calculate the differences in a fixed rate and an adjustable rate mortgage.