Want to own Barbie’s house or help locate her new digs?

Interior Design Planning

How about playing along with Mattel’s Barbie doll search for her new dream home? The toy manufacturer is beckoning virtual searches for the iconic Barbie’s quest to find a new home. Does that mean Barbie is moving?

In the play world of anything can happen there are some things which stand the test of time. Mattel’s year-long campaign will have Barbie search the continent for her ideal dream house. They have enlisted a team of designers and the toy maker’s promotion will have fans playing along. Fans can follow the events as they unfold on Barbie’s Facebook page.

Real or imaginary, this new house hunt means Barbie will have to list her existing Californian home.

The Malibu home went on sale for a cool $25 million. Barbie’s dollhouse is listed with celebrity realtor Josh Altman from Bravo’s “Million Dollar Listing: Los Angeles,” who says he’ll be…

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Two great homes located in Laurel Bend neighborhood

If you haven’t driven down Merdianville Bottom Rd lately then you haven’t seen that the road was re-routed to accommodate the extension of the runway at the airport. Right at the end of the new road you will find Laurel Bend it is a quiet, well maintained neighborhood that is about 6 years young. On Laurel Bend Dr I am selling two amazing homes one that includes a storm shelter, master suite, granite, large fenced yard and separate study with french doors and the other with hardwood floors throughout, granite in kitchen and a master suite with sitting area.

119 Laurel Bend Dr – offered at $219,500

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119 Laurel Bend dr-8119 Laurel Bend dr-15

106 Laurel bend Dr – offered at $189,900

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Could interest rates be on the rise?

With FHA mortgage insurance premiums said to rise sometime in 2013 and the gradual increase we are seeing in home pricing can we afford for interest rates to go up as well? I don’t think we have much choice in the matter as long as the economy continues to improve we will see a gradual increase in rates. What does that mean in dollars and cents to the average home buyer? Well, let’s take a 220k home purchase and look at the monthly mortgage payment at 3.25% vs. a 5% increase in home prices and a 1% rate increase….

Now as you can see below that even a 1% increase can make a huge difference in the life of your mortgage as well as the monthly payment amount. Even if you look at scenario 1 where the home price decreases by 5% you are effected by the higher interest rate. All the experts are predicting that values will continue to rise so if you are thinking about buying now is the time while home affordability is still at a 40+ year low.

NOW SCENARIO 1 SCENARIO 2
Homes Decline 5% Homes Increase 5%
1% Rate Increase 1% Rate Increase
HOME PRICE $220,000.00 $209,000.00 $231,000.00
DOWN PAYMENT $12,000.00
LOAN AMOUNT $208,000.00 $197,000.00 $219,000.00
INTEREST RATE 3.250% 4.250% 4.250%
MONTHLY PAYMENT $905.23 $969.12 $1,077.35
Extra Monthly Cost $63.89 $172.12
Extra Cost – Loan Term $23,001.28 $61,962.92