You might be faced with a difficult decision right now – should you hold off on purchasing a home as you hope for a favorable shift in the market? With insurance, property taxes, and maintenance costs on the rise, it’s understandable why some are hesitant to take the plunge. However, the reality is that these […]
Many homebuyers are frustrated by the low inventory and are discovering that they are finding what they want in new construction homes. The obvious advantage is that they are fresh and new, have never been lived in, and and can be personalized to an individual’s taste and needs. Yes, new construction homes can be more […]
Moving can most certainly be quite a stressful process – which means you definitely don’t want to worry about being scammed by a moving company. Unfortunately, there are unscrupulous movers out there that will prey on people who are in the midst of moving. To protect yourself from being scammed, it’s important to be aware […]
Those hoping to be first-time homebuyers can overcome the challenge of saving for a down payment by taking advantage of various sources of assistance. There are a variety down payment sources available to first-time homebuyers, from family gifts and retirement account withdrawals to tax refunds and down payment assistance programs, empowering them to achieve their […]
Purchasing a home – the process can seem overwhelming. However, the long-term advantages of homeownership are a very smart investment which will secure your future where the benefits extend beyond simply having a place to live. One of the most significant advantages to owning a home is building equity. You can’t build equity while renting. […]
Things have definitely changed in the past year. If you’re a prospective homebuyer, you have absolutely seen those changes firsthand. Most notably, mortgage rates have more than doubled which has created an affordability gap that has taken approximately 15 million buyers out of the market. Yes, inventories all growing – however that isn’t due to […]
Been thinking of buying a home? You’ll want the right team. You see, there are a lot of professionals involved in the homebuying process. And when these people can function as a team, the buyer is much more likely to end up where they want to be…in their new home. The lender is an integral […]
I’m sure you’ve heard, but mortgage rates are still rising. It’s causing some would-be buyers to pause their decisions until they determine whether rates are going to come back down. It may be possible, but the probability is that prices are going to continue to increase. According to Freddie Mac, the 30-year fixed-rate on December 23, […]
So when exactly does the primary negotiation when purchasing a home take place? Quite simple actually, it takes place when the contract is signed and agreed upon – including the price, closing date and when possession will take place. One issue especially over the past year is inventory was down 19%, which made multiple offers […]
Looking for an alternative to paying higher, current rates? This could benefit buyers with lower closing costs while saving money on the payment. Your alternative could be existing FHA and VA mortgages – they’re assumable at the note rate to owner-occupied buyers who qualify. For the last 20 years, rates have been steadily coming down […]
