I love the charm and uniqueness of an older home although renovating one, as I have come to find out, can be challenging! Sometimes I wonder what it would have been like if I had started from scratch and built something. Either way I would have made it my own. If you are looking to sell this year and wondering where to go, here are 4 great reasons to buy an existing home and 4 great reasons to buy a new home. You decide which is right for you!
Let's face it, no one wants to look at homes in the middle of winter in New Hampshire, let alone move! If you are planning to purchase a home this year you are probably among the many waiting for the Spring Market to roll in. Contrary to popular opinion, NOW may be a better time to start your homebuying search. Read on to find out why:
“Is this a good time to buy a home?” The answer is, “Absolutely!" There are 3 key elements in the housing market that determine affordability, Mortgage Rates, Home Prices and Wages. Experts are predicting that these 3 factors are likely to improve this year! Read on to find out more:
Getting top dollar for your home does not always mean pricing it as high as possible. There are many factors to consider when pricing your home to sell and it is important to understand the “method behind the madness”. Pricing your home too high could result in less money than the home is worth, while pricing too low could result in money being left on the table. This is why it is so important to work with a Real Estate Professional who can help you navigate through all these caveats. Contact me today!
I hear the same question from buyers over and over, “I want to buy a house but I don’t know where to start?” THE most important first step in buying a home is not to start looking at houses but to obtain a preapproval from a local lender. Without a preapproval, you have NO idea what your purchase power is and are not fully prepared to start making offers on homes that you may fall in love with. Do not put off this important step in the process!
If you are considering purchasing a home this year but are waiting for rates to drop, you need to reconsider that plan. According to experts, we are not going to see 3% rates any time soon however, with inflation easing we will see lower mortgage rates in 2023 as compared to this past year. This is still a great time to buy and homeownership is still a better option over renting!
During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent article, Investopedia shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and features, the things that make the home itself feel luxurious.
It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says:
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