Buying in TODAYS market!
Buying a home in today's market can be challenging, but it is still a great investment opportunity for your future! With historically low interest rates (yes this is TRUE, ask your parents what theres was when they first purchased!) and a high demand for homes, prices can be steep.
*Damn you supply & demand.
It's important to have a clear idea of your budget and what you're looking for in a home. I always suggest only looking at homes $15-20k UNDER what your approval number is. Why? Because 89% of homes are selling for OVER asking price. If you're approved for $325 and submitting offers for $325 asking price they most likely aren't going to get accepted. You have a much better chance of getting your offer accepted on a $300k house offering $325. (trust me, it works!) Also make sure you stay in close contact with your lender so you know what your monthly payment will look like.
Working with a reputable real estate agent can also be helpful in navigating the current market. Be prepared to act quickly when you find a home you're interested in, as there may be multiple offers. Not that we can go shopping every single day, but if you're hunting hard, you HAVE to go wth 24-48 hours after seeing the house come on the market.
Overall, buying a home in today's market requires patience, persistence, and a solid understanding of the current conditions. Listen to your agent. I do this 24.7 & if you listen to my advice, I will find you the house you've been looking for!
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