Real Estate Blog - Infographics

What You Really Need To Know About Down Payments

Some Highlights

• There’s a misconception going around that you have to put 20% of the purchase price down when you buy a home. But the truth is, many people don’t put down that much unless they’re trying to make their offer more competitive.
• And if you want to give your savings a boost, look into down payment assistance. Most first-time buyers qualify and the typical benefit is $17,000.
• To learn more about your loan options or down payment assistance programs, connect with a trusted lender and check out downpaymentresource.com.

Originally posted at Simplifying The Market.

17 Views, 0 Comments

You May Have Enough Equity To Downsize and Buy Your Next House in Cash

Some Highlights

• Have you been holding off on downsizing? If so, you should know your equity could make your move possible.
• Homeowners today have so much equity that a record number are buying their next house in all cash. And that has some big benefits like making their offer more appealing, potentially closing faster, and not having a mortgage payment.
• To find out how much equity you have in your current house, let's connect. Because it may be enough to fuel your move.

29 Views, 0 Comments

The Big Difference Between a Homeowner’s and a Renter’s Net Worth

Some Highlights

• Homeownership is one of the best ways to build wealth in our country and it’s easy to see why.
• As you pay down your mortgage and as home values rise over time, you gain equity – and that helps grow your net worth. That’s why a homeowner’s net worth is nearly 40X greater than a renters.
• But you should only buy a home when you’re ready and able to do it. If you want to build a plan to get there, let’s connect.​

Originally posted at Simplifying The Market.

48 Views, 0 Comments

Your Home Equity Could Make Moving Possible

Some Highlights

• Thanks to recent home price appreciation, homeowners have near record amounts of equity – and you may too. On average, homeowners have $311K worth of equity.
• Once you sell, you can use it to fund your down payment on your next home or maybe even to buy a smaller house in cash.
• If you want to find out how much equity you have, let's connect. Because it may make a move a lot more feasible than you'd think.

Originally posted at Simplifying The Market.

54 Views, 0 Comments

If the Asking Price Isn’t Compelling, It’s Not Selling

Some Highlights

• Unfortunately, a lot of sellers today are setting their asking price too high. That’s leading to an uptick in price cuts.​
• Some of the most common reasons this is happening are that they’re not paying attention to current market conditions or they’re trying to leave room for negotiation.
• The best way to avoid this mistake? Lean on an agent. Let’s connect to make sure your house is priced to pull people in, not push them away. 

Originally posted at Simplifying The Market.

80 Views, 0 Comments

A Recession Doesn’t Mean a Housing Crisis

Some Highlights

• There’s a lot of talk about a recession lately and how the odds of one are rising. If you’re wondering what that means for the housing market, here’s what the data tells us.
• While you may remember the price crash in 2008, that’s not the norm. Looking back all the way to 1980, home prices usually rise and mortgage rates tend to fall.
• If you have questions about buying or selling a home in today’s market, let’s have a conversation.

Originally posted at Simplifying The Market.

91 Views, 0 Comments

Things To Avoid After You Apply for a Mortgage

Some Highlights

• Once a lender has reviewed your finances as part of the homebuying process, you want to be as consistent as possible. Don’t make any big changes that could affect your mortgage application.
• Here are a few tips. Don’t change bank accounts or apply for new credit. And this one may surprise you, don’t buy appliances or furniture for your next home yet either.
• The best tip of all? Before you do anything financial in nature, talk to your lender first.

Originally posted at Simplifying The Market.

54 Views, 0 Comments

National Housing Trends To Watch

Some Highlights

• At a national level, the housing market has shifted over the past year.
• There are more homes for sale, price growth has moderated, and homes are taking a little longer to sell.
• Do you want to know how our area compares? Let’s connect so we can go over what's happening locally and what this means for you.

Originally posted at Simplifying The Market.

78 Views, 0 Comments

Your Roadmap to Homeownership

Some Highlights

• Buying a home isn’t just a transaction – it’s a journey. And like any great adventure, having a solid roadmap makes all the difference. ​
• From building your dream team to getting pre-approved, house hunting, and signing the papers on closing day – each milestone is an achievement.
• Your journey starts here. Let’s connect so you have help every step along the way.​

Originally posted at Simplifying The Market.

79 Views, 0 Comments

What You Need To Know About Pre-Approval

Some Highlights

• Before you even start looking at homes, there’s something you should do first – and that’s get pre-approved for your mortgage.
• Pre-approval is when a lender checks your finances and decides how much you’re qualified to borrow for your home loan. This helps you determine your budget and makes your offer stand out for sellers.
• ​Connect with a trusted lender to get the process started.

Originally posted at Simplifying The Market.

67 Views, 0 Comments