Move Up May
As spring looks to summer, May kicks up the home buying season another notch. The issue remains, however: Where are all the homes to buy?
According to the National Association of Realtors, the overall inventory of new and existing homes for sales hit an all-time low in the fourth quarter of 2017. This brings fierce competition amongst interested buyers, where it may take more than your love for that outdoor living space to get an accepted offer. Getting prequalified for a mortgage shows the seller and their Real Estate Agent that you are a serious buyer and your offer means business. It may be the difference between moving in, or losing out.
Move Up Buyers are generally considered current homeowners looking to take advantage of their current home price appreciation and use those funds for down payment of a new property with an extra bedroom or bath. At Homeowners Financial Group, we also include those wanting to ‘move up’ from renting to the dream of homeownership. Loan options are critical in the move up landscape, and we have you covered. Whether you have the traditional 20% down payment or are looking to take advantage of down payment assistance, our personal analysis can provide much more than an online search.
If you are interested in moving up to your dream home, or even your first home, contact me to discuss the best financing options for you.