Buyers Are Looking Now. Are You Ready to List Your Home?

Inventory on the market today is low, especially among existing homes in the entry and middle-level tiers of the market. It is hovering well below the 6-month supply typically found in a more normal market, as shown in the graph below: Continue reading

Posted on December 5, 2019 at 7:00 am
Jennifer Angel | Category: Buyer Tips, Move-up Buyers, Seller Tips

It’s ‘National Roof Over Your Head’ Day!

Did you know that each year in the United States, we celebrate “National Roof Over Your Head Day” on December 3rd? Continue reading

Posted on December 3, 2019 at 10:31 am
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Move-up Buyers, Seller Tips

Expert Advice: 3 Benefits to Owning a Home

Success is something often worth repeating, and Brent Sutherland, a Certified Financial Planner and Real Estate Investor, has certainly made his way in a momentum-driving direction. Here are 3 tips he shares from a recent piece in Business Insider on the benefits of owning real estate: Continue reading

Posted on November 19, 2019 at 6:04 am
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Move-up Buyers

Millennials: Here’s Why the Process is Well Worth It.

Millennials have waited longer than any other generation to become homeowners, but the wait for this cohort is just about over. Continue reading

Posted on November 13, 2019 at 7:00 am
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Move-up Buyers

Forget the Price of the Home. The Cost is What Matters.

Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic increased their 12-month projection for home values from 4.5% to 5.6% over the last few months. Continue reading

Posted on November 12, 2019 at 7:00 am
Jennifer Angel | Category: Buyer Tips, Housing Market Updates, Lending, Mortgage, Seller Tips

VA Loans by the Numbers (Infographics)

Continue reading

Posted on November 11, 2019 at 7:00 am
Jennifer Angel | Category: Buyer Tips, Downpayment, Housing Market Updates, Mortgage

Planning on Buying a Home? Be Sure You Know Your Options

When you’re ready to buy, you’ll need to determine if you prefer the charm of an existing home or the look and feel of a newer build. With limited existing home inventory available today, especially in the starter and middle-level markets, many buyers are considering a new home that’s recently been constructed, or they’re building the home of their dreams. Continue reading

Posted on November 9, 2019 at 6:01 am
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Move-up Buyers

Thinking of Selling Your Home? The Waiting Is The Hardest Part.

Tom Petty famously penned the words, “the waiting is the hardest part” in his early 80’s hit song The Waiting, and his thought process can surprisingly also be applied to individuals considering selling their homes today. Traditional thinking would suggest it may be best to wait until the spring to sell when there is a flood of buyers in the market, but right now may in fact be an even better time to list your home. Continue reading

Posted on November 4, 2019 at 7:00 am
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Housing Market Updates, Move-up Buyers, Seller Tips, Uncategorized

4 Reasons to Buy a Home This Fall

Here are four great reasons to consider buying a home today, instead of waiting.

Continue reading

Posted on November 2, 2019 at 7:00 am
Jennifer Angel | Category: Buyer Tips, Buying Myths, First-time Homebuyers, Housing Market Updates

Taking the Fear Out of the Mortgage Process

A considerable number of potential buyers shy away from the real estate market because they’re uncertain about the buying process – particularly when it comes to qualifying for a mortgage.

For many, the mortgage process can be scary, but it doesn’t have to be!

In order to qualify in today’s market, you’ll need a down payment (the average down payment on all loans last year was 5%, with many buyers putting down 3% or less), a stable income, and a good credit history.

Once you’re ready to apply, here are 5 easy steps Freddie Macsuggests to follow:

  1. Find out your current credit history and credit score– Even if you don’t have perfect credit, you may already qualify for a loan. The average FICO Score® for all closed loans in September was 737, according to Ellie Mae.
  2. Start gathering all of your documentation– This includes income verification (such as W-2 forms or tax returns), credit history, and assets (such as bank statements to verify your savings).
  3. Contact a professional– Your real estate agent will be able to recommend a loan officer who can help you develop a spending plan, as well as help you determine how much home you can afford.
  4. Consult with your lender– He or she will review your income, expenses, and financial goals in order to determine the type and amount of mortgage you qualify for.
  5. Talk to your lender about pre-approval– A pre-approval letter provides an estimate of what you might be able to borrow (provided your financial status doesn’t change) and demonstrates to home sellers that you’re serious about buying.

Bottom Line

Do your research, reach out to professionals, stick to your budget, and be sure you’re ready to take on the financial responsibilities of becoming a homeowner.

Are you thinking of selling or buying real estate this year?  Contact us now to schedule a free consultation. We’ll work with you to develop an action plan to meet your real estate goals this year.

Posted on November 1, 2019 at 7:00 am
Jennifer Angel | Category: Buyer Tips, Buying Myths, First-time Homebuyers, Lending, Mortgage, Move-up Buyers