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What's In Store For 2024?

The Mariel G. Weiss Team

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Hello everyone!

As 2024 kicks off, we are happy to report a downward trend in interest rates. This is good for everyone, not just buyers. A decrease in rates causes an increase in buying power, and often times sellers benefit by way of increased sales prices. Those who have locked in at a higher rate have the opportunity to refinance also. Watch to learn more!

As a reminder, we are licensed in both PA & NC and would be happy to perform a more in-depth and customized analysis for your home and search area.

Who do you know who is looking to move? We would greatly appreciate an introduction to them!

-Mariel, Matt, Kelly, Ryan, Brandi , Janet, Becki & Molly

435 Primrose Drive,

Upper Gwynedd PA

Offered at $724,900
4 Bedrooms
2.5 Bathrooms
55+ Gated Community
Indoor/Outdoor Pools & Clubhouse

For Rent!

9069 Little Osprey, Calabash NC

Offered at $2199/Month
Situated In New Neighborhood
Pool To Be Completed For Summer 2024
Just Minutes To Area Beaches

Highlighting: Shallotte, North Carolina

Shallotte, NC, is a quaint town in Brunswick County known for its welcoming community and proximity to coastal attractions. With its convenient location, Shallotte offers residents and visitors easy access to both the charming town atmosphere and the scenic beaches of the Brunswick Islands.

Below is the market data showing an increased average sales price and a longer on market period over last year.

Looking to Buy, Sell or Invest? We can help!

Own A Home? Now What?

Once you've purchased a home, it's essential to ensure your assets are protected and your wishes are carried out.

While we are not estate planners, we know many of them and can help connect you, just ask!

Create or Update Your Will:
- Draft a will to specify how you want your assets distributed after your passing. Be sure to name an executor to manage your estate.
Consider a Living Trust:
- Explore the option of creating a living trust to avoid probate and provide a more private and efficient transfer of assets.
Designate Beneficiaries:
- Review and update beneficiary designations on life insurance policies, retirement accounts, and other financial assets to ensure they align with your current wishes.
Powers of Attorney:
- Designate a durable power of attorney for finances and healthcare. This person will make financial and medical decisions on your behalf if you become incapacitated.
Healthcare Directives:
- Create a living will and healthcare power of attorney to outline your preferences for medical treatment and designate someone to make healthcare decisions for you.
Update Property Titles:
- Ensure that the title to your home reflects your current wishes. Joint tenancy or tenancy by the entirety are common choices for spouses, while a trust can be used for more complex estate plans.
Life Insurance Review:
- Assess your life insurance coverage to ensure it adequately protects your loved ones and consider updating the beneficiaries if needed.
Document and Asset Organization:
- Organize important documents, including property deeds, insurance policies, and financial account information, so your loved ones can easily locate them when necessary.
Guardianship for Minor Children:
- If you have children, designate a legal guardian for them in case something happens to you and the other parent.
Review and Revise Periodically:
- Regularly review your estate plan, especially after major life events such as marriages, divorces, births, or significant financial changes.
Consult with Professionals:
- Seek advice from an estate planning attorney, financial planner, or tax professional to ensure your plan aligns with current laws and best practices.

Estate planning is a dynamic process that should evolve with your life circumstances. Regularly revisit and update your plan to reflect any changes in your family, finances, or legal regulations.