This Spring Presents Sellers with a Golden Opportunity If you're thinking of selling your house this year, timing is crucial. After all, you'll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one. If that's the case, you should know you may be able to get the best of both worlds today. Here are four reasons why this spring may be your golden window of opportunity. 1. The Number of Homes on the Market Is Still Low Todays limited supply of houses for sale is … Continue reading...
7 Major Tips
Tip #1 for First-Time Homebuyers: Start Saving Early Though you should talk to a financial professional about saving money for a down payment, traditional wisdom says that the higher your down payment is, the lower your monthly payments will be. Ideally, you’ll save up at least 20 percent of your next home’s purchase price to use as a down payment. If you put down less, your lender will most likely consider you a bigger risk, and as such, it’ll make you pay for private mortgage insurance. Private mortgage insurance (commonly called PMI) is insurance that protects your … Continue reading...
Questions I Will be Asking You to Buy a Home!
Buyer Questionnaire Please take a few moments to answer these questions. The more I know about you, the easier it is to fill your needs! Your Name___________________________________________________________________ Your Spouse’s_________________________________________________________________ Your Current Address___________________________________________________________ Home Phone ________________________________Cell Phone_________________________ Email Address_________________________________________________________________ Second Email … Continue reading...
Interest Rates
Rates Expected to Rise Amid Feds Taper Plan By Christopher Pataki Real Estate Agent with RE/MAX Associates RS - 0019092 REPORT With the final quarter of 2021 upon us, mortgage rates remain low and just above the all-time lows seen at the outset of the year when the 30-year fixed-rate mortgage hit 2.65%. As the U.S. economy grew and the labor market strengthened throughout the year, rates increased slightly, which is natural in an improving economy. Rates were held low due in part to the Fed's massive asset purchase program where it purchased up to $120B worth of … Continue reading...
Buyers Should Know
There are many non-financial benefits of buying your own home. However, todays headlines seem to be focusing primarily on the financial aspects of homeownership specifically affordability. Many articles are making the claim that its not affordable to buy a home in todays market, but that isn't the case. Todays buyers are spending approximately 20% of their income on their monthly mortgage payments. According to The Essential Guide to Creating a Homebuying Budget from Freddie Mac, the 20% of income that purchasers are currently paying is well within the … Continue reading...
Now is the Time to Think About Buying
With Rents on the Rise – Is Now the Time To Buy? According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. … Continue reading...
Interest Rates are Still Low, Buy Now!
If your aspiration is to own a home or move to a larger one, now is a good time with careful consideration. … Continue reading...
Why Wait!
Waiting To Buy a Home Could Cost You Some Highlights If you’re thinking of buying a home but wondering if waiting a few years will save you in the long run, think again. The longer the wait, the more you’ll pay, especially when mortgage rates and home prices rise. Even the slightest change in the mortgage rate can have a big impact on your buying power no matter your price point. Don’t assume waiting will save you money. Let’s connect to set the ball into motion today while mortgage rates are hovering near historic … Continue reading...
Interest Rates July 16, 2021
Home Borrowing Costs Decline Again After a spike in the 30-year fixed-rate mortgage (from the lows seen in early January of 2.65% to a high of 3.18% by April 1st), home borrowing costs declined in April and May, now resting just above their historic lows. The run-up in rates from January to April was due in part to the specter of rising inflation as the U.S. economy emerged from the pandemic shutdowns. Pent-up consumer demand along with stimulus checks pushed prices for most goods and services higher while supply constraints added fuel to the fire. Lumber costs skyrocketed while oil … Continue reading...
My What You Need to Know
When it comes to buying a house, you're looking for the perfect place to call home. The problem is, in todays market there just aren't that many homes available to purchase. With inventory hovering near record lows and sky-high buyer demand, a multi-offer scenario is the new normal. Here are five things to keep in mind when you're ready to make an offer. 1. Know Your Numbers Having a complete understanding of your budget and how much house you can afford is essential. That's why you should connect with a lender to get pre-approved for a … Continue reading...