- With so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget.
- You can also work with a trusted lender to consider alternative financing options and search for down payment assistance.
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- Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase.
- And with programs like FHA loans, VA loans, and USDA loans, some qualified buyers are able to put down as little as 0-3.5%.
- In today’s housing market, you can still be the champion if you have the right team and strategy.
- To win as a buyer, you need to build your team, make strategic plays, consider what’s in and out of bounds, and stand out from the crowd.
- Even in today’s sellers’ market, there are still ways for buyers to win big.
- Build a team of trusted professionals and make strategic plays as you budget and pick your desired neighborhoods. Then, be ready for the competition by getting a pre-approval letter and leaning on your expert advisors to draft a winning offer.
Holding off on selling your house because you believe there aren’t any buyers out there?
- The best advice carries across multiple areas of life. When it comes to homebuying, a few simple tips can help you stay on track.
- Because of increased demand, you’ll need to be patient and embrace compromises during your search. Then, once you’ve fallen in love, commit by putting your best offer forward.
The spring season appears to be warming up in housing as more and more buyers enter the market.
Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market.
Wondering why the supply of homes for sale is limited today?
- Due to low supply and high demand, today is one of the strongest sellers’ markets we’ve seen.
- Sellers can benefit from more offers to pick from, higher home values, and a faster sales process. That might be why 73% of people believe it’s a good time to sell.
Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are?
If you’re thinking about selling your house, you should know the number of homes for sale right now is low.