Temeka Thompson - DC Metro Realtor, Coach, Public Speaker
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Temeka Thompson - DC Metro Realtor, Coach, Public Speaker
Temeka
Blog
Real Estate
    Sell my home
    Buy a home
    Veterans
Work with Temeka
    Business Coaching
    Career Coaching
    Buy Real Estate with Temeka
    Become an Agent
Booking
Marriage Takeover
Women of Worth
Free Resources
  • Temeka
  • Blog
  • Real Estate
    • Sell my home
    • Buy a home
    • Veterans
  • Work with Temeka
    • Business Coaching
    • Career Coaching
    • Buy Real Estate with Temeka
    • Become an Agent
  • Booking
  • Marriage Takeover
  • Women of Worth
  • Free Resources
Real Estate

Have You Outgrown Your Home?

December 11, 2019by Temeka ThompsonNo Comments

Have You Outgrown Your Home?

Have You Outgrown Your Home? | MyKCM

It may seem hard to imagine that the home you’re in today – whether it’s your starter home or just one you’ve fallen in love with along the way – might not be your forever home.

The good news is, it’s okay to admit if your house no longer fits your needs.

According to the latest Home Price Insights from CoreLogic, prices have appreciated 3.5% year-over-year. At the same time, the National Association of Realtors (NAR) reports inventory has dropped 4.3% from one year ago.Have You Outgrown Your Home? | MyKCMThese two statistics are directly related to one another. As inventory has decreased and demand has increased, prices have been driven up.

This is great news if you own a home and are thinking about selling. The equity in your house has likely risen as prices have increased. Even better is the fact that there’s a large pool of buyers out there searching for the American dream, and your home may be high on their wish list.

Bottom Line

If you think you’ve outgrown your home, let’s get together to discuss local market conditions and determine if now is the best time for you to sell.

Temeka Thompson

 

Charles County MD Real Estate, PG County MD Real Estate, DC Real Estate – Temeka Thompson, REALTOR® – EXIT Landmark Realty and its Real Estate Professionals focus in the DC metro area. We list and sell in White Plains, La Plata, Waldorf, Brandywine, Fort Washington, Upper Marlboro, Bowie, Washington DC and all nearby communities.                                                 (301) 850-6700 x430

Buy a Home

Expert Advice: 3 Benefits of Owning a Home

December 7, 2019by Temeka ThompsonNo Comments

Expert Advice: 3 Benefits to Owning a Home

Expert Advice: 3 Benefits to Owning a Home | MyKCM

Success is something often worth repeating, and Brent Sutherland, a Certified Financial Planner and Real Estate Investor, has certainly made his way in a momentum-driving direction. Here are 3 tips he shares from a recent piece in Business Insider on the benefits of owning real estate:

1. Real estate diversifies your income

“While it is certainly important to be properly diversified with your investments, it is even more important to be diversified with your income. This is because the largest financial risk for most of you is the loss of your primary source of income, which is typically in the form of a day job.”

The article highlights how having multiple sources of income, such as those derived from real estate investments, can eventually lead to relying less and less on a day job. Sound dreamy? It can be. When done well, real estate investments may eventually open up your time and the financial freedom to explore other things, like travel and other aspirations you may have for the future, particularly in the golden years of retirement.

2. Real estate produces near-immediate results

“You can achieve and feel the results almost immediately. Property improvements are visible and tangible. You can cash, spend, and invest rent payments. Today! Not 30 years in the future.”

Currently, home prices are appreciating in all price ranges, and just last week CoreLogic announced their 12-month home value projection at 5.6%, an increase from 4.5% noted earlier this summer. With that in mind, real estate today is definitely driving immediate results!

3. Passive income can help you become financially independent sooner

“If you need $40,000 a year to live, you could alternatively invest in assets that generate an 8% cash-on-cash return. This is a very reasonable assumption. And it means you would only need to save a total of $500,000 (instead of $1 million). Yet, your investments would still meet your annual household living needs.

While returns, taxes, and inflation can, of course, affect your timeline, cash-flowing real-estate is a clear asset.”

Homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you’re contributing to your net worth by increasing the equity in your home, bringing you one step closer to true financial independence.

Bottom Line

If you want to increase your savings and overall net worth, real estate is a great way to go. To learn how you can make it happen, let’s get together to discuss the process.

 

Temeka Thompson

 

Charles County MD Real Estate, PG County MD Real Estate, DC Real Estate – Temeka Thompson, REALTOR® – EXIT Landmark Realty and its Real Estate Professionals focus in the DC metro area. We list and sell in White Plains, La Plata, Waldorf, Brandywine, Fort Washington, Upper Marlboro, Bowie, Washington DC and all nearby communities. (301) 850-6700 x430

 

 

 

Real Estate, Sell your Home

5 Reasons to Sell This Winter

December 4, 2019by Temeka ThompsonNo Comments

5 Reasons to Sell This Winter

5 Reasons to Sell This Winter | MyKCM

Below are five compelling reasons to list your house this winter.

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase, and are in the market right now. More often than not, in many areas of the country, multiple buyers are competing with each other to buy the same home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Inventory is still under the 6-month supply needed for a normal housing market. This means in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market.

Historically, a homeowner would stay an average of six years in his or her home. Since 2011, that number has hovered between nine and ten years. There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move.

Many homeowners were reluctant to list their homes over the last couple of years, for fear they would not find a home to move into. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you decide to sell.

3. Buyers Are Serious at This Time of Year

Traditionally, homeowners think about spring as a great time to list their homes, when more buyer traffic may be out there actively searching. In the winter, however, the buyers who are seeking a home – whether for relocation or otherwise – are serious ones. They’re ready to make offers and they’re eager to move, often quickly. Your house may be exactly what they’re looking for, so listing when other potential sellers are holding off may be your best opportunity to shine.

4. There Will Never Be a Better Time to Move Up

If your next move will be into the premium or luxury market, now is the time to move up. There is currently ample inventory for sale at higher price ranges. This means if you’re planning on selling a starter or trade-up home and moving into your dream home, you’ll be able to do that now. Demand for your entry-level home is high, and inventory in the luxury or premium market is too.

According to CoreLogic, prices are projected to appreciate by 5.6% over the next year. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and in your mortgage) if you wait.

5. It’s Time to Move On With Your Life

Look at the reason you decided to sell in the first place and determine whether it’s worth waiting. Is money more important than being with family? Are you ready to go on with your life the way you think you should?

Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market this winter. Perhaps the time has come for you and your family to move on and start living the life you desire.

That is what is truly important.

Temeka Thompson

Charles County MD Real Estate, PG County MD Real Estate, DC Real Estate – Temeka Thompson, REALTOR® – EXIT Landmark Realty and its Real Estate Professionals focus in the DC metro area. We list and sell in White Plains, La Plata, Waldorf, Brandywine, Fort Washington, Upper Marlboro, Bowie, Washington DC and all nearby communities. (301) 850-6700 x430

 

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Hey Divas! Our Fit, Fyne & Fabulous group is on FI Hey Divas! Our Fit, Fyne & Fabulous group is on FIRE for The Black Women's Health Summit that starts in just 8 short days! 

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Calling all women, especially Black Women over 40, Calling all women, especially Black Women over 40, who are tired of NOT loving the reflection in the mirror and are ready to take control of your body, your health & your life!

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Temeka

@fit_fyne_fab
Don’t forget to Spring Forward tonight!! Don’t forget to Spring Forward tonight!!
Hey Sis 👋🏾!! I’m celebrating YOU on today Hey Sis 👋🏾!!

I’m celebrating YOU on today and every day!! It’s International Women’s Day, tag a sister friend and celebrate them on today 💋.

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#internationalwomensday 
#celebratingwomen 
#marriagetakeover
I love me some 𝕙𝕚𝕞. Life gets in the way, I love me some 𝕙𝕚𝕞. Life gets in the way, but make time to slow down to enjoy the simple intimate moments with your spouse. Follow @marriagetakeover for more marriage and relationship enrichment. Singles edition coming in March 💥.
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#marriagetakeover 
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Life goes by so fast, slow down and enjoy THIS mom Life goes by so fast, slow down and enjoy THIS moment with your spouse.
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#christianmarriage 
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#loveislove
Thank you Coach @nicolescooper for sharing this!!! Thank you Coach @nicolescooper for sharing this!!!

This is such confirmation. In this season, there’s going to be a steady flow……. Flow of favor, flow of resources, flow of divine connections, flow of peace, flow of joy, flow of opportunities, a steady flow……
💎
💎

#flow 
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Praying for @d.ham3 and his family.

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#prayersup 
#damarhamlin 
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Fellas your MENTAL HEALTH is important. Just becau Fellas your MENTAL HEALTH is important. Just because you see someone about your mental DOES NOT MEAN YOU ARE WEAK. THAT IS A BIG SIGN OF HOW STRONG YOU ARE. Fellas please stop suffering in silence. I do understand the weight of the world being on our shoulders. But we can’t truly live our lives to the fullest if we don’t take great care of ourselves. Love y’all!!!
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Hi, I'm Temeka. I'm a Mom, Wife, Realtor, and Coach living in the DC Metro area. Here I'll share all things real estate, coaching, marriage tips, and trends. Let's stay connected!

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