What three things can you do as a buyer in today's housing market?
Are you still considering buying the home of your dreams in today's market but are feeling a bit uncertain about the rising mortgage rates and affordability?
Hi, I'm Stephanie Martenzi, Super Mom Super Agent with Southland Properties and I want to share with you three important tips you can do as a buyer shopping in today's housing market so you don't have to hit pause on your plans.
Tip number one. If you have been concentrating on a specific area that now seems out of your price range, as a buyer, you may need to expand your search area and criteria that could be more affordable. Opening up your home search to a location further out may open up more options as a buyer. Also, prioritizing your wishlist to not include all of the upgrades you had originally planned can help reduce the cost of your purchase. These can be items that you can do yourself down the road. According to a recent article in "CNET," "Area growth is likely to keep pace with the market, "which means that the outskirts of town "might be hopping within five years. "By searching in the nearby cities, "you may find better prices and more square footage."
Tip number two. Work with a good lender and experienced real estate agent who can discuss different loan types, scenarios and alternative financial programs that are available to you to get the best possible rate and could save you thousands of dollars over time.
Tip number three. In today's market, it is key as a buyer to shop for programs that point you in the right direction for your home purchase. When shopping, look for certain options like gift funds, down payment assistance and grants.
Today there are a wide variety of programs and benefits available for certain professionals, which include first responders, veterans, teachers and medical professionals. And as always, feel free to connect with me so I can help guide you in your search in a more affordable direction.
This is Stephanie Martenzi, Super Mom Super Agent with Southland Properties here to help you have a super fun, empowered and informed real estate experience by guiding you every step of the way. If you see me out in the community, make sure to say hi.
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