Today’s homeowners know that a home means more now than ever before. Not only does your home provide safety and security, but it also provides a sense of accomplishment and pride. DM me so we can discuss all the benefits of starting your homebuying journey today.
SOURCE : KCM #firsttimehomebuyer #homeownership #homesweethome #noplacelikehome #happyhomeowner #investinyourfuture #homegoals #houseshopping #housegoals #starterhome #dreamhome #keepingcurrentmatters
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If you’re trying to decide when to sell your house, there may not be a better time than this winter. Selling this season means you can take advantage of today’s strong sellers’ market when you make a move. Win When You SellRight now, conditions are very favorable for current homeowners looking for a change. If you sell now, here’s what you can expect:
Win When You Move In addition to these great perks, you’ll also win big on your next move if you sell now. CoreLogic reports homeowners gained an average of $51,500 in equity over the past year. This wealth boost is the result of buyer competition driving home prices up. You can leverage that equity to fuel a move, before mortgage rates and home prices climb higher. To get a feel for how rates are projected to rise, see the chart below. The longer you wait to make your move, the more it will cost you down the road. As mortgage rates rise, even modestly, it will impact your monthly payment when you purchase your next home. Waiting just a few months to make that change could mean a long-term financial impact.
The good news is today’s rates are still hovering in a historically low range. According to Doug Duncan, Senior VP and Chief Economist at Fannie Mae: “Right now, we forecast mortgage rates to average 3.3 percent in 2022, which, though slightly higher than 2020 and 2021, by historical standards remains extremely low . . .” Selling before rates climb higher means you can make your move and lock in a low rate on the mortgage for your next home. This helps you get more home for your money and keeps your payments down too. Bottom Line As a homeowner, you have a great opportunity to get the best of both worlds this season. You can truly win when you sell and when you buy. If you’re thinking about making a move, meet with a real estate professional to learn how to get the process started. SOURCE : KCM #Fo Sellers #HousingMarketUpdates #InterestRates #MoveUpBuyers
There are clear benefits to selling your house sooner than later. Let's connect to talk about ways to sell your house this holiday season.
SOURCE : KCM #winterrealestate #sellyourhouse #housingmarket Do you have loved ones who live further away than you’d like? If so, you have a great opportunity to close the gap this year by leveraging the equity built up in your current home. DM me today so we can discuss how the sale of your existing house can power a move that puts you closer to the people who matter most.
SOURCE : KCM #makememove #moveuphome #dreamhome #locationlocationlocation #realesatelife #realestateexpert #realestate #homeownership #realestateexperts #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #justsold #keepingcurrentmatters Some Highlights
SOURCE : KCM #ForSellers #Infographics If you’re living on your own and looking to buy a home, know that you can make your dream a reality with thoughtful planning and the right team of experts. Research from Freddie Mac shows 28% of all households (36.1 million) are sole-person, and that number is growing. Over the past 40 years, the number of sole-person households has nearly doubled, and that’s a trend that’s expected to continue. According to Freddie Mac:
“Our calculation suggests that there will be an additional 5 million sole-person households in the United States by the next decade. This means 42% of the household growth will be contributed by sole-person households, . . .” If you fall into this category, here are three tips to help you achieve your homeownership goals. 1. Know Your Credit Score When you buy a home on your own, you have to qualify for your loan based solely on your own finances and credit history. Investopedia says: “. . . lenders will be looking at just one credit profile: yours. Needless to say, it has to be in great shape. It is always a good idea to review your credit report beforehand, and this is especially true of solo buyers.” It’s important to find out your score so you know where it falls. If you’re not sure if it’s strong enough or where to focus your energy to improve it, meet with a professional for expert advice on your individual situation. 2. Explore Down Payment Options Next, look into down payment programs so you can get a feel for what you’ll need to save to buy a home. Rob Chrane, CEO of Down Payment Resource, explains: “Buyers should discuss their program options with their loan officer and real estate agent to make sure they choose the program best suited to their personal needs.” In this step, lean on the pros to determine what you’re eligible for and what’s right for you. 3. Think About Your Future Home and Your Needs You should also spend time thinking about what you want. What type of home do you picture yourself in? To answer that question, Quicken Loans shares this advice: “Think about your lifestyle, what you want out of your home and your needs. Is being close to work important? Do you need a lot of yard space? Do you want an extra bedroom that you can transform into a home office? Condo or detached home? Lots of space for entertaining? It’s all up to you (and your budget).” Again, a professional can help you balance what you want and how much you should spend on your monthly housing costs to determine what type of home is right for you. While buying a home solo can feel like a big challenge, it doesn’t have to be. If you lean on the professionals, they can help you navigate these waters and make sure you’re able to take advantage of the great opportunities in today’s housing market (like low mortgage rates) to buy your dream home. Bottom Line The share of sole-person households is growing. If you’re looking to buy a home on your own, be confident that the dream is achievable. When you’re ready to begin your search, work with the professionals so you have expert advice each step of the way. SOURCE:KCM #BuyingMyths #DownPayments #FirstTimeHomeBuyers #ForBuyers #SimardRealtyGroup #RealBrokerLLC Data shows buyers are still eager to purchase a home in today’s market. With the supply of homes for sale still low, sellers have an incredible opportunity to maximize the sale of their home this winter. DM me today so we can discuss how you can still win as a seller this year.
#sellersmarket #realestatemarket #buyerdemand #sellyourhouse #moveuphome #dreamhome #realestate #homeownership #realestategoals #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #justsold #keepingcurrentmatters The game of chess can provide incredible lessons to apply to all aspects of life, including the homebuying process. Chess requires you to plan and think about your strategy from the very beginning of the game.
The homebuying process, like chess, requires strategy and planning. Here are a few things to keep in mind to ensure your plan is as strong as possible when you begin your home search. re-Approval: the Best Opening Play To Make as a Homebuyer It’s important to have a great opening play when you’re buying a home. And the best move you can make when you begin your home search is getting pre-approved by a lender. You’ve probably already heard this is an important step, but what exactly is pre-approval and what benefits does it provide you? As Freddie Mac puts it: “The pre-approval letter from your lender tells you the maximum amount you are qualified to borrow. Getting a pre-approval letter is not a loan guarantee, it simply states how much your lender is willing to lend you. . . .” And while determining how much you can afford at the start of your search is critical, the pre-approval letter also serves another important purpose. Freddie Mac also notes: “This pre-approval allows you to look for a home with greater confidence and demonstrates to the seller that you are a serious buyer.” In the game of chess, a strong opening move signals to your opponent that you’re a serious competitor. As a homebuyer, your pre-approval letter signals to the seller that you’re a serious, interested buyer. Homebuying: It’s a Team Game, Not a Single-Player Experience very step you take to create your strategy as a buyer is important in today’s market. Why? Mortgage rates are still low, but increasing. Prices are going up. There’s a limited supply of homes for sale. These are just a few key variables in today’s market you need to be prepared for. That means leaning on expert guidance as you plan every move is more important than ever. Have a team of professionals – like your trusted real estate agent and a loan officer – every step of the way to make sure you make the right moves. Bottom Line Getting a pre-approval letter isn’t just good strategy, it can be game-changing. It allows you to get a full understanding of what you can afford, and it signals to sellers that you’re serious. Connect with a trusted real estate advisor today to ensure you’re playing chess and being strategic during the home buying process. SOURCE:KCM #BuyingMyths #FirstTimeHomeBuyers #ForBuyers #Move-UpBuyers #SimardRealtyGroup #RealBrokerLLC |
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