Buying Myths

Wondering How Much You Need To Save for a Down Payment?

Buying Myths, Down Payments, First Time Home Buyers, For Buyers /

\"WonderingIf 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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Applying For a Mortgage? Here’s What You Should Avoid Once You Do.

Buying Myths, First Time Home Buyers, For Buyers /

\"ApplyingWhile it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan. Don’t Deposit Large Sums of Cash Lenders […]

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Confused About What’s Going on in the Housing Market? Lean on a Professional.

Buying Myths, For Buyers, For Sellers, Selling Myths /

\"ConfusedIf you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate Industry Consultant, explains: “Housing market headlines are everywhere. Many are quite sensational, ending with […]

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Mortgage Rates Are Dropping. What Does That Mean for You?

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers /

\"MortgageMortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), […]

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You May Have More Negotiation Power When You Buy a Home Today

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers /

\"YouDid the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competition from […]

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Homeownership Is an Investment in Your Future

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy /

\"HomeownershipThere are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), explains: “The desire for homeownership is strong. […]

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Key Advantages of Buying a Home Today

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers /

\"KeyThere’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due […]

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Prioritizing Your Wants and Needs as a Homebuyer in Today’s Market

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers /

\"PrioritizingThere’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a purchase this […]

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