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John Schutte


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Terror Attacks

by John Schutte

Every news segement I have seen in the last few days is loaded with information about what happened in Paris a few days ago.  Not only what has happened, but the reprecussions of those actions.  The level of uncertainty in the world rivals the time after the World Trade Center attacks.   We all must learn to navigate through the uncertainty in our world and our lives. 

You may wonder why I would comment on this subject in a real estate post.  As I think about all that uncertainty going on around the world, it makes me thankful that I live where I do.  The quiet and tranquil drive to work this morning was interupted by a couple of pheasants running across the road, my complaint that my car was getting dirty on the muddy road and listening to radio.  That is a substantially different setting than the one being experienced by the refuges in the middle east that don't know if anybody will take them in or the families that lost loved ones in that senseless attack in Paris.  South Dakota is a beautiful and quiet place to live and for that I am thankful. 

The radio commentary that came on during the commute involved a conversation about gratitude and Thanksgiving.  The radio announcer explained that gratitude is an attitude of the person and thankfulness is the result.  As I processed that comment, I came to the realization that the attitude of gratitude is for me to enjoy, while the thankfulness that I express is what is given as a by-product of gratitude.  So, as a result of this, I would come to the conclusion that practicing a life of gratitude will only create a richer and fuller life for me and because of that, share the thankfulness with those around me.  May that be the kind of Thanksgiving we all experience this year.  May your heart of gratitude create a joy that none of lifes uncertain moments can take away.

May I take this time to wish you a Happy Thanksgiving! 

Should I Buy a Home Now?

by John Schutte

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

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Contact Information

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John Schutte
4 Sale by Schutte - Keller Williams Sioux Falls
5915 S. Remington Place
Sioux Falls SD 57108
Mobile: 605.310.9440
After Hours: 605.334.4400
Fax: 605.275.0565