Learn how to buy a home in 2021
🔊 You've been saying you want to BUY A HOME 🏠...But you don't know exactly when, where and how to start. Well, it's time to Get your House In Order!
YOU ARE INVITED to our New Year, NEW HOME Virtual House Party 💃
🏾 Thursday 1/14/21 7-9pm!!!
Here's your chance to STOP wasting $ on rent, STOP procrastinating and STOP making excuses!! 🎉Commit to a NEW BEGINNING and BUY YOUR HOME in 2021! 🎉
When: Thursday, January 14th, 2021 7pm-9pm
Where: It's a VIRTUAL Home Buyer House Party!
Join us from your Kitchen or Couch for FREE!!
Click here to register! https://www.eventbrite.com/e/2021-new-year-new-home-virtual-homebuyer-house-party-tickets-136194055085
Join me and my Credit & Lender Experts Carmelo Travieso and Bonita Grant as we discuss:
✅ How to Cure your Credit!
✅ Financing & Post-Covid changes
✅ Biden's First-Time Homebuyer Tax Credit
✅ How to get a YES to your offer!
✅ All the costs of buying your Home...besides the sale price!
✅ Oh and it's a New Years party...so there will be PRIZES!🥰
Don't forget to register 😘 on EventBrite here:
And please share the registration link with your family and friends...we will see you there!! 🤗
Latest Home buying article:
Don’t Let Buyer Competition Keep You from Purchasing a Home
This year’s record-low mortgage rates sparked high demand among homebuyers. Current homeowners, however, haven’t put their houses on the market so quickly. This makes finding a home to buy today challenging for many potential buyers. With an obstacle like this, those searching for their dream homes may be pressing pause on their searches as we approach the end of the year, but that could be a big mistake for many hopeful house hunters. Here’s why.
According to the most recent Housing Trends Report from the National Association of Home Builders (NAHB):
“The length of time spent searching for a home continues to grow.”
The report indicates that 62% of buyers now spend 3 months or more looking for a home, an increase from 58% one year ago. A primary cause for the delay is the heavy competition today’s buyers face when making an offer on a home. Based on recent data from the National Association of Realtors (NAR), the average house in today’s market receives 3.4 offers before it’s sold. This means for every buyer who purchases a home, there are on average two or three buyers who have to begin their search all over again.
Compared to this time last year, the NAHB report shows that buyers are having more success finding homes in their price range. However, it also notes the percentage of buyers saying they’re getting outbid when they make an offer has jumped from 15% to 27%. Buyers are indicating that bidding wars are a major obstacle to finding their dream home (See graph below):If this is a challenge you’re up against in your home search, you’re not alone. Feeling stuck in the process can be frustrating, but if there’s ever been a year to power through, this is the one. NAHB noted:
“Difficulties finding a home to buy will likely lead 20% of active buyers to give up until next year or later. That share is up from 15% a year earlier.”
Experts anticipate home prices will continue to rise into 2021, and the incredibly low interest rates we’ve seen this year are also forecasted to increase as the economy strengthens. Hopeful homebuyers who decide to hold off on their search until there’s less competition run the risk of finding a more expensive housing market when they start looking again. If affordability is a key motivator behind your decision to buy a home, this winter is still the best time to make it happen.
Bidding wars may be one of the greatest challenges buyers face in today’s housing market, but they shouldn’t be a deal-breaker. Having the right expert on your side throughout the buying process will give you the advantage you need when it comes to finding the right home and making a competitive offer. If you’re ready to buy this winter, let’s connect to discuss how to position yourself for success.
Winning as a Buyer in a Sellers Market
Buying a home in today’s sellers’ market doesn’t have to feel like an uphill battle.
Here are four ways to make sure you’re positioned for success when making a home purchase, even when the scale tips toward sellers.
Let’s connect to make sure you’re armed for victory in buying a home in this housing market this season.
Vital Source Realty