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 […]
I know you’ve heard of the phrase “which came first, the chicken or the egg?”. It kind of makes you think of what happens when you consider selling your home. Which should you do first – purchase your new home, or sell your current abode? What’s the better option? Some don’t have a choice – […]
Now that most of the country is in isolation at home, do not let it all be about binging shows on Netflix©. If you are looking into buying a home after the isolation lets up or in the future, here is some preparation that you can do at home. Part of the preparation is all […]
Part of the American Dream is owning your own home. Fueling this ambition are responses like, “I want a place of my own,” “I want a place to raise my family,” or “I want a place where I can feel safe and share with family and friends.” All strong motivating factors for buying a home. […]
A short story about an offer presented to a single, senior woman who was relocating to a retirement home: The offer was for full price and had reasonable terms and timelines. The seller would not accept it. As the offering agent delved deeper into why, the agent discovered the seller was upset about her dining […]
While renting can be useful for some financial situations, owning a home provides great benefits to you and, ultimately, your financial well-being. 1. Control your space. Use a spare bedroom for your own home office. Create a workout area in the garage. You own the home, you make the rules. 2. Pride of Ownership. When […]
