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Palm Beach County Animal Care and Control are looking for the person who dropped off a goat with its head cut off at a Royal Mart convenience store in Lantana, Florida. 182
Plan to buy your first home in 2021? It’ll probably take months instead of weeks, and you might feel demoralized at times.That’s not negative thinking. It’s an acknowledgment that the road to homeownership has potholes. The journey can be bumpy, but the destination is worth it. When you know at the outset that you’re in for emotional highs and lows, it’s easier to shrug off those lows and keep on truckin’.Here’s why 2021 will be a rough year for first-time home buyers — and how to manage your emotions during the process.Why buying a home in 2021 will be toughThere aren’t enough homes for sale to meet demand. At the end of October, the most recent month with available data, 1.42 million existing homes were available for resale. At that month’s sales pace, it would take just 2.5 months to sell every home on the market — an all-time low, according to the National Association of Realtors. The supply of new homes for sale was enough for 3.3 months, tied with the previous month for a record low.Supply is low because buyers are pouncing whenever homes become available. Most existing homes sold in October — 7 in 10 — were on the market less than a month, according to the NAR.With a slender stock of homes selling fast, buyers have little power. “The control is in the seller’s hands because of supply and demand,” says Terri Robinson, a Realtor with Re/Max Select Properties in Ashburn, Virginia.Set realistic expectationsExpect months to elapse between the first step of checking your credit reports to the final step of closing on the home. “The first thing that I hope people understand is it’s not an overnight process,” says Marc J. Jenkins, a real estate agent with Prime Property Partners in Atlanta.Jenkins tells first-timer clients that it typically takes five to eight months to buy a home. Understanding that homebuying timeline “prepares them mentally, emotionally and financially to see this process through.” Would-be buyers are prone to burnout if they expect the process to take a month, he says.Everyone wants a bargain, but buyers need to recalibrate the meaning of that word so it applies to today’s competitive environment. “A bargain, if I were to redefine that, is the home that you want for the price that you’re willing to pay,” Robinson says.Know where you’ll compromiseMore than three-quarters of home buyers in their 20s and 30s made compromises, according to NAR’s 2020 Home Buyers and Sellers Generational Trends Report. The most common compromises had to do with the condition or price of the home.So before you start seriously looking at homes, decide what you need and what you won’t budge on. You may have a maximum price and commute time, a minimum size or other requirements. Those are your deal breakers. Write them down. Resist the temptation to compromise on deal breakers, even when you feel discouraged. For all else, keep an open mind.Make decisions fastIn today’s market, many homes are on the market for less than a month, so it’s important to make an offer quickly once you find one you like. Let your list of deal breakers be your guide. If a home meets your criteria, including an acceptable price, it may be worth making an offer. Again, quickly, because many sellers field multiple offers within a day or two of listing the home and planting a “for sale” sign in the yard.“Even as a first-time home buyer, they may have to make a quick decision whether or not to buy a home,” Robinson says. To have the offer taken seriously, have a preapproval letter from a lender and make a competitive offer, she adds.Don’t take rejection personallyWhen first-time buyers make offers, “they’re going to get rejected many times,” says Laura Moreno, host of the “First Time Home Buyer Podcast” and founder of a tech startup called HomeFlow that offers an all-in-one homebuying platform.As rejected offers pile up, they take it personally or feel worthless, Moreno says. “What I tell them is just breathe. It’s not a judgment against you.”You might get lucky and have your first offer accepted. But don’t count on it. Realize that for the seller, this is a business decision.Wait before you celebrateYour offer was accepted? Great! Just remember that the home inspection and lender’s appraisal are coming next, and either of them can knock the deal awry. The more excited you get about the seller giving your offer a thumbs-up, the more disappointed you’ll be if you have to give the deal a thumbs-down after the inspection or appraisal.Think about the seller’s needsYou’re focused on your own needs and problems. That’s understandable, but there’s a benefit to thinking about the seller’s needs, too.Jenkins advises making the offer attractive to the seller. That might mean keeping the inspection period short: maybe just three to five days, so the seller can put the home back on the market promptly if you’re dissatisfied with the inspection and decide to move on.Having a preapproval letter from a reputable mortgage lender, paying all of your own closing costs and paying some or all of your agent’s commission are other ways to meet the seller’s needs.Have a backup plan: Don’t buy yetAs fervently as you want to buy a house in 2021, your best option might be to wait until fortune favors you. By putting homebuying on hold for a few months, you give yourself time to save for a bigger down payment and build your credit, and for your local housing market to become less competitive.More From NerdWalletHow first-home shoppers can keep a cool head in a hot market4 market headwinds facing first-time home buyersThe credit score needed to buy a houseHolden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com. Twitter: @HoldenL. 5691
Pāhoa, Hawaii (KGTV) -- Evacuations are in place on the Big Island as lava emissions continue in the Leilani Estates subdivision near Mohala Street. All residents were required to evacuate Thursday night. RELATED: Lava forces evacuations in residential HawaiiOn the 10News Facebook, many San Diegans have commented, concerned about family in the area. Here is information you may find helpful: 427
Papa John's is breaking up with the NFL.The pizza chain, which last year blamed slumping sales on the NFL's handling of player protests, is ending its sponsorship of the league."While the NFL remains an important channel for us, we have determined that there are better ways to reach and activate this audience," CEO Steve Ritchie said a conference call to discuss the company's quarterly earnings.Papa John's has been a league sponsor since 2010. It will keep its partnerships with 22 of the individual teams.Last fall, then-CEO John Schnatter received heavy criticism after he said Papa John's sales were hurt by the NFL's handling of protests by players who knelt during the National Anthem."This should have been nipped in the bud a year and a half ago," Schnatter told investors at the time. "The controversy is polarizing the customer, polarizing the country."The company later apologized."The statements made on our earnings call were describing the factors that impact our business and we sincerely apologize to anyone that thought they were divisive," it said on Twitter. "That definitely was not our intention."Schnatter left the company at the end of the year.Ritchie said the parting was mutual. The NFL did not immediately respond to a request for comment.Papa John's reported Tuesday that North American sales were down 3.9% from a year ago. The stock has lost a third of its value since June."We have really got a lot of key learnings on how we can invest our dollars more appropriately," Ritchie added. "So we thank the NFL for all the efforts and the partnership that we've had over the last seven years, and we'll continue to be very prominent on NFL game days as we move forward" in a different way.Papa John's stock was down almost 6% after hours. 1775
Police say there is no ongoing threat to safety after four Wisconsin high school students were caught plotting a school shooting on Facebook Messenger.Four juvenile suspects from Eau Claire took part in the group chat, which police say indicated that "a mass shooting would occur at Memorial High School on Monday, March 26." The group chat included photographs of guns and "several specific statements" related to a planned shooting.All four are students at Memorial and have been referred to Eau Claire County Juvenile Intake for making terrorist threats.Eau Claire Police say the threat was originally reported on March 16. Officers and school staff worked quickly to follow-up by interviewing "many students, parents, and faculty members."The four students will not be returning to Memorial High School, police say. 837