4 Reasons to Buy a Home This Fall

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

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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

Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC]

Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process: Continue reading

Posted on October 31, 2019 at 10:41 am
Jennifer Angel | Category: Buyer Tips, Buying Myths, Downpayment, First-time Homebuyers, Infographics, Mortgage, Rent vs. Buy, Seller Tips

Everybody Calm Down! This Is NOT 2008

Last week realtor.com released the results of a survey that produced three major revelations:

  1. 53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur this year or next.
  2. 57% believe the next recession will be as bad or worse than 2008.
  3. 55% said they would cancel plans to move if a recession occurred.

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Posted on September 5, 2019 at 1:00 pm
Jennifer Angel | Category: Buying Myths, First-time Homebuyers, Housing Market Updates, Move-up Buyers, Seller Tips, Selling Myths

A Recession Does Not Equal a Housing Crisis [INFOGRAPHIC]

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Posted on August 30, 2019 at 11:07 am
Jennifer Angel | Category: Buyer Tips, Buying Myths, First-time Homebuyers, Housing Market Updates, Infographics, Seller Tips, Selling Myths

The Benefits of Growing Equity in Your Home

Over the last couple of years, we’ve heard quite a bit about rising home prices. Today, expert projections still forecast continued growth, just at a slower pace. One of the often-overlooked benefits of rising home prices is the positive impact they have on home equity. Let’s break down three ways this is a win for homeowners.

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Posted on August 17, 2019 at 2:17 pm
Jennifer Angel | Category: Buyer Tips, Buying Myths, Housing Market Updates, Move-up Buyers, Seller Tips, Selling Myths

5 Real Estate Reality TV Myths Explained

Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of shows like “Property Brothers,”Fixer Upper,” and “Love It or List It,” all in one sitting.

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Posted on August 16, 2019 at 2:15 pm
Jennifer Angel | Category: Buyer Tips, Buying Myths, First-time Homebuyers, Move-up Buyers, Seller Tips, Selling Myths

Why All the Chicken Littles Should Calm Down

The U.S. Census Bureau recently released their 2019 Q2 Homeownership Report. Some began to see the sky falling, believing the report showed Americans may be stepping back from their belief in homeownership.

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Posted on August 14, 2019 at 1:56 pm
Jennifer Angel | Category: Buyer Tips, Buying Myths, First-time Homebuyers, Housing Market Updates, Move-up Buyers, Seller Tips, Selling Myths

3 Powerful Reasons to Buy a Home Now

Whether you are a first-time buyer or looking to move up to the home of your dreams, now is a great time to purchase a home. Here are three major reasons to buy today. Continue reading

Posted on August 2, 2019 at 11:00 am
Jennifer Angel | Category: Buyer Tips, Buying Myths, First-time Homebuyers, Housing Market Updates, Lending, Mortgage, Move-up Buyers, Seller Tips | Tagged , , , ,

How to Judge the Impact of the Next Economic Slowdown on Housing

We’ve experienced economic growth for almost a decade, which is the longest recovery in the nation’s history. Experts know a recession can’t be too far off, but when will this economic slowdown actually occur? Continue reading

Posted on August 1, 2019 at 11:30 am
Jennifer Angel | Category: Buyer Tips, Buying Myths, First-time Homebuyers, Housing Market Updates, Move-up Buyers, Seller Tips