Category: Buyer
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Pre-Approval in 2023
What You Need To Know One of the first steps in your homebuyers journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. In a pre-approval, the lender tells you what types of loans you may be eligible to take…
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Think Twice Before Waiting for 3% Mortgage Rates
Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result. Some decided to put a…
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The Truth About Negative Home Equity Headlines
Home equity has been a hot topic in the real estate news lately. If you have been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you. In truth, the headlines don’t give you all the information you really need to understand what’s…
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Is It Time To Sell Your Second Home?
During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent…
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What Are Your Goals in the Housing Market This Year?
If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with a trusted real estate agent to bring your homeownership vision for the new year into focus. In the last year, high inflation had a big impact on…
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Wondering How Much You Need to Save for a Down Payment?
If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But don’t let a common misconception about how much you need to save make the process harder than it could be. Understand 20% Isn’t…
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Planning To Sell Your House?
It’s Critical To Hire a Pro With higher mortgage rates and moderating buyer demand, conditions in the housing market are different today. And if you are thinking of selling your house it’s important to understand how the market has changed and what that means for you. The best way to make sure you are in…
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Housing Market in 2023
What to Expect The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And, in many ways, it’s put the market into a reset position. As the Federal Reserve made moves this year to try to lower inflation, mortgage rates more than doubled. This had a cascading impact…
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Deadly Mistakes Buyers Make
10 Deadly Mistakes buyers make when purchasing a home Making an offer on a home without being prequalified. Prequalification will make your life easier so take the time to speak with a lender. A lenders specific questions in regard to income, debt, etc. will help you determine the price range you can afford. It is…