May 30, 2023
Buying your first home is an exciting decision and a major milestone that has the power to change your life for the better. As a first-time homebuyer, it’s a vision you can bring to life, but, as the National Association of Realtors (NAR) shares, you’ll have to overcome some factors that have made it more challenging in recent years:
That said, if you’re looking to purchase your first home, here are two things you can consider to help make your dreams a reality.
Being able to pay for the initial costs and fees associated with homeownership can feel like a major hurdle. Whether that’s getting a loan, being able to put together a down payment, or having money for closing costs – there are a variety of expenses that can make buying your first home feel challenging.
Fortunately, there are a lot of public and private first-time homebuyer programs that can help you get a loan with little-to-no money upfront. CNET explains:
To take advantage of these programs, contact the housing authority in your state and browse sites like Down Payment Resource.
It’s a sellers’ market, meaning there aren’t enough homes on the market to meet buyer demand. So, how can you be sure you’re doing everything you can to find a home that works for you? You can increase your options by considering condominiums (condos) and townhomes. U.S. News tells us these housing types are often less expensive than single-family homes:
The best way to make sure you’re set up for success, especially if you’re just starting out, is to work with a trusted real estate agent. They can educate you on the homebuying process, help you understand your local area to find options that are right for you, and coach you through making an offer in a competitive market.
Today’s housing market provides some challenges for first-time homebuyers. But, there are still ways to achieve your goals, like utilizing first-time homebuyer programs and considering all of your housing options. Connect with a local real estate professional so you have an expert on your side who can help you navigate the process.
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August 30, 2023
Here’s a high-level overview of the connection between the inflation and housing market.
August 29, 2023
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Here’s some information you may find helpful on why and where your peers are buying.
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If you’re thinking about selling your house, a strong job market, growing wages, and the resulting buyer demand is fantastic news.
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Since most are paying on time, a wave isn’t coming.
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More people are buying less expensive newly built homes right now while affordability remains a challenge.
August 15, 2023
There aren’t many homeowners who are seriously behind on their mortgage payments.
We’re here to work alongside you to help you make informed decisions when buying or selling your home or investment. Contact us to get started today.