First Time Buyers...this is for you!

The real estate market is constantly changing, so of course DO YOUR RESEARCH! DO NOT jump the gun on this one! Unbiased advice from family and peers may be kind, but you are the only one who knows what your needs are when it comes to buying a home.

WHAT MADE YOU CONSIDER OWNING A HOME?

Forget finances for a minute and focus on what made you consider even buying a home in the first place!

· Is your family expanding?

· Does your family feel safe?

· Is there a STELLAR school system in the area so your children can get the education they deserve?

· How about that unbearable landlord?

WHICH WAY IS THE REAL ESTATE MARKET GOING?

DON’T SLEEP ON YOUR DECISION TOO LONG! Home prices are on the rise! Not only are they on their way back up, but these increases are happening monthly.

Don’t believe us? According to Existing Homes Sales Report from the National Association of Realtors (NAR), the average price of homes in May 2017 went up 5.8% from last year.

If you wait until next year to buy, you might be scrapping for change in the cushions to say the least! Not only will it cost you more to buy, but you will also need to increase your down payment to account for the higher price of the home.

WHAT IS THE MORTGAGE FORECAST?

The initial process of purchasing your home may seem easy and quick, but THERE IS MORE TOO IT! The ‘long term cost’ of buying a home WILL haunt you if you buy at the wrong time! Mortgage Bankers Association (MBA), and NAR have projected that mortgage interest rates will DEFINITLEY increase over the next twelve months. The smallest increase in mortgage rates can have a huge impact on a home owner.

FINAL THOUGHTS

If you and your family feel it is the right time to buy a home then GO FOR IT! Consider these points when making the final decision.

Don’t forget, this move is FOR YOU!

Comments

Sell this summer? Why YES!

Why you need to sell this summer! The market is hot, hot, hot! With interest rates at an all time low for buyers, the market has turned into a feeding frenzy, and home sales are skyrocketing in prices. In such a high demand, seller's market, homes are selling for record breaking prices, which means more money in your pocket. If you have been considering selling your home, doing so in today's market will bring you a larger sales price. Don't wait for the market to shift when interest rates begin to start going up again. The National Association of Realtors has gathered data to predict a strong 6 months of sales throughout the United States. And with such a large group of buyers hunting for homes during the summer months, you have a great potential to sell your home quickly, and move on to bigger and better things sooner. This is also a great buying opportunity if you are wanting to transition into a new home. Low interest rates equate to more savings. You cou

Real Estate Agents Grow on Trees

Real estate agents seem to grow on trees. Everyone can list off a few agents from their cousin to the “nice lady” they talk to at the local coffee shop. But choosing the right agent is a critical element to having a successful transaction. Experience and expertise vary widely from agent to agent, so how can you choose the right person for your needs? Ask for Referrals – Yes, everyone knows an agent, but asking someone with a recent transaction is the best way to find a good agent. Do Your Research – Fortunately the Internet makes it very easy to do some research. Check local sites like Yelp or Next Door, move around their website and call their referrals. Interview Several Options – Make them earn your business. Conduct a real interview with several agents and see who best fits your style. Ask the Right Questions – The agents should be able to discuss their marketing plan for a home sale and offer their process for home buyers, including lenders, home inspectors

Fall Leaves bring Sold Signs

Fall Leaves bring SOLD Signs! Summer has come to an end and you probably are thinking you've lost the opportunity to sell, and need to wait till next summer. But that's far from the truth! Although it's not as hectic and crazy with the swarm of buyers on the market, the fall season brings out the most serious of lookers. They are the pool of buyers that waited out the summer frenzy to find their perfect home in the fall, and you don't want to miss these buyers! They are ready to make a move, today! And selling in a slower period does not equate to less money. That's a misconception that home owners have based on untrue data that floats around. With the right agent, and your home being priced correctly, you can get a great deal selling your home during the fall season. And might actually prefer it. Here are the top 3 benefits to listing during the fall season. 1. Serious Buyers - Let's be honest, if buyers are out during the busy season, looking for hom

LandMark Real Talk

Search This Blog