Buying a home can be SCARY…Until you know the FACTS
Some Highlights:
Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process:
- 71% of buyers who purchased homes have put down less than 20%.
- 78.1% of loan applications were approved last month.
- In September, the average credit score for approved loans was 737.
Is It Enough To Offer Asking Price in Today’s Housing Market?
Is It Enough To Offer Asking Price in Today’s Housing Market? If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less...
Myths About Today’s Housing Market
Myths About Today’s Housing Market Some Highlights If you’re planning to buy or sell a home today, it’s important to be aware of common misconceptions. Whether it’s timing your purchase as a buyer based on home prices and mortgage rates or knowing what to upgrade or...
Why This Housing Market Is Not a Bubble Ready To Pop
Why This Housing Market Is Not a Bubble Ready To Pop Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American...
How the Appraisal and Inspection Empower You as a Homebuyer
Buy or Sell with Marty Gale "Its The Experience" Principal Broker and Owner of Utah Realty™ Licensed Since 1986 General Contractor 2000 (in-active) e-pro (advanced digital marketing) 2001 Certified Residential Specialist 2009 Certified Negotiation Expert 2014 Master...
Where Are Mortgage Rates Headed?
Where Are Mortgage Rates Headed? There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don't ever try and forecast...
Why a Real Estate Professional Is Key When Selling Your House
Why a Real Estate Professional Is Key When Selling Your House With today’s real estate market moving as fast as it is, working with a real estate professional is more essential than ever. They have the skills, experience, and expertise it takes to navigate the highly...
Using Your Tax Refund To Achieve Your Homeownership Goals This Year
Using Your Tax Refund To Achieve Your Homeownership Goals This Year If you’re buying or selling a home this year, you’re likely saving up for a variety of expenses. For buyers, that might include things like your down payment and closing costs. And for sellers, you’re...
The Future of Home Price Appreciation and What It Means for You
The Future of Home Price Appreciation and What It Means for You Many consumers are wondering what will happen with home values over the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash 15...
Balancing Your Wants and Needs as a Homebuyer Today
Balancing Your Wants and Needs as a Homebuyer Today Since the number of homes for sale is low today, it can feel challenging to find one that checks all your boxes. But if you know which features are absolutely essential in your next home and which ones are just nice...
What’s Happening with Mortgage Rates, and Where Will They Go from Here?
What’s Happening with Mortgage Rates, and Where Will They Go from Here? Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more...
