Buying Advice For New Homeowners

May 24, 2022

Homeowners Have Incredible Leverage Selling Today

In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their situation. That’s because there’s a limited number of homes for sale, creating competition among buyers. Right now, homebuyers want three things:

  • To be the winning bid on their dream home ...
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May 23, 2022

Why Rising Mortgage Rates Push Buyers off the Fence

If you’re thinking about buying a home, you’ve probably heard that mortgage rates are rising and have wondered what that means. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans.

Today, buyers are reacting in one ...

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May 13, 2022

How to Avoid Homebuyer’s Remorse in a Hot Market

How to Avoid Homebuyer’s Remorse in a Hot Market

Buying a home is almost always a great investment, and of course, it’s exciting to find and close on a home that you will get to call your own. That feeling of joy and confidence can fade quickly though if certain ...

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May 9, 2022

How Today’s Mortgage Rates Impact Your Home Purchase

If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home ...

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Jan. 26, 2022

Why Pre-Approval Is Key for Homebuyers in 2022

 

You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a pre-approval letter prior to making ...

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Dec. 23, 2021

The Perks of Putting 20% Down on a Home

If you’re thinking of buying a home, you’re probably wondering what you need to save for your down payment. Is it 20% of the purchase price, or could you put down less? While there are lower down payment programs available that allow qualified buyers to put down as little as ...

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Nov. 23, 2021

VA Loans: Helping Veterans Achieve Their Homeownership Dreams

 

 

The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. As the Veterans Administration says of the program:

“The objective of the VA Home Loan Guaranty program is to help eligible Veterans ...

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Sept. 1, 2021

What Buyers and Sellers Need To Know About the Appraisal Gap

 

It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals.

In recent months, it’s become increasingly common for an ...

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March 17, 2021

How does the real estate market help the economy?

Last year started off with a bang. Unemployment was under 4%, forecasters were giddy with their projections for the economy, and the the residential housing market had the strongest January and February activity in over a decade.

Then came the announcement on March 11, 2020, from the World Health Organization ...

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March 15, 2021

How to Be a Competitive Buyer in Today’s Housing Market

 

Some Highlights

  • With so few houses for sale today, it’s important to be prepared when you’re ready to buy a home.
  • Meeting with your lender early, knowing your must-haves and nice-to-haves, preparing for a bidding war, and keeping your emotions in check are all ways to gain confidence in ...
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