Today’s Affordable Mortgage Rates
The housing market is anything but normal. It is still an incredibly strong sellers’ market. Over the last 18 months, we’ve seen the lowest mortgage rates in history.
Today’s Affordable Mortgage Rates Read Post »
owning a home
First Impressions Will Sell Your Home
Although the market is hot, and homes are selling quickly, it is still important to make a good first impression on potential buyers. Starting with price.
Pricing is crucial, as it is one of the first things buyers will notice. If you price your home right, it’ll draw attention from competing buyers. If you price too high, it could put you at a disadvantage by discouraging prospective buyers from making an offer.
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Is Homeownership in the Cards?
With rent prices continuing to soar, many renters want to know if home ownership is in the cards. Rising rental costs make it seem impossible to prepare for homeownership, however, there are ways you can prepare to purchase your first home.
Start with your finances and get your credit in order. Look at your overall finances and credit score. This will allow you to look for ways to reduce your debt. Make sure you reduce debt as much as you can, pay your bills on time and use credit accounts responsibly.
Is Homeownership in the Cards? Read Post »
First Time Buyers
When you are a first-time home buyer, sometimes you must think outside the box, especially with a competitive market like the one we are in today.
If you are having trouble finding your first home, here are a few tips and tricks to consider.
The Housing Supply is Rising
The housing supply is rising! What does that mean for buyers? More inventory equals more options. We are still not close to a balanced market; however, we are starting to see an uptick in new housing inventory coming to the market. The new available housing inventory will allow buyers to keep the buying process moving forward. Now is the time to buy as mortgage rates are beginning to increase, which will make purchasing a home less affordable as time passes.
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Limited Inventory? Maybe New Construction is the Answer
If you are thinking of buying a home, there truly is no better time than now. With today’s low mortgage rates, buyers have a great opportunity to get more home for their money. There still may be limited inventory, leading to more buyer competition and bidding wars, but more inventory is entering the marketplace each day.
If you are having a challenge finding a home that fits the bill, it may be time to talk to your trusted real estate advisor about building. New home construction is ramping up. Although, new construction won’t completely solve the housing inventory shortage, it does mean that more options will soon be available as you continue your home search.
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