If you want to get the home you want before it’s too late, follow these three tips.
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Interest rates are amazing right now, which has allowed many buyers to afford homes even as home values rise. The problem, though, is rates won’t stay this way forever. As soon as they rise, buyers will feel the buyer pinch and won’t be able to afford the same homes they once could.
How can you avoid this buyer pinch and get the home you want now? There are three things you can do.
First, when you’re looking at properties, make a list of the top 10 things you want in a home. Then narrow that list down to the top three items you absolutely must have. If a home that features all 10 things you want is too expensive, you can scale back and focus on your top three must-have items.
Second, consider looking outside your comfort zone. Unfortunately, sometimes the most sought-after neighborhoods are unaffordable to most buyers. Expand your search to other nice communities that are less expensive than your desired areas.
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If you’re looking for a home, now is a fantastic time to buy.
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Lastly, be creative and come up with a plan. Sometimes we have to ask ourselves if we have an asset or a way of putting more money down on a property to make it more affordable. We’ve done lease options where we tied up a property at a certain price to save the extra money to be able to put down and take advantage of the low rates.
Interest rates are great and so is our market. If you’re looking for a home, now is a fantastic time to buy. There are many other strategies you can utilize that we’d be happy to share with you as well, so feel free to pick up the phone and give us a call.
If you have any other questions, don’t hesitate to reach out to us. We’re here to help.
