ThingsToConsiderWhen BuyingaHome
DavidGoldberg NMLS#728872 MutualofOmahaMortgage VicePresidentofMortgageLending Dgoldberg@MutualMortgage.com www.GoldbergMortgage.com (216)496-9483 SPRING2024 EDITION
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TableofContents
What’sHappeninginthe HousingMarketToday?
TopReasonsToOwnYourHome
TheDifferenceBetweenRentingand BuyingaHome
WhatLowerMortgageRatesMeanfor YourPurchasingPower
WhyIt’sMoreAffordableToBuyaHome ThisSpring
ThinkingAboutBuyingaHome? AskYourselfThisQuestion
HowHomeownerNetWorthGrows withTime
AreMoreHomeownersSelling?
WhyPre-ApprovalIsEvenMoreImportant ThisSpring
ThingsToAvoidAfterApplyingfor aMortgage
AdviceforMakingYourStrongestOffer onaHome
WhyYouShouldUseaRealEstateAgent WhenYouBuyaHome
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What’sHappeninginthe HousingMarketToday?
Youmightbethinkingabouthowthelatesthousingmarketnewswillaffectyour planstobuyahomethisspring.Herearethethreemostimportantquestionsyou shouldbeasking.
1.What’sGoingOnwithMortgageRates?
MortgagerateshavecomedownabitfromtheirmostrecentpeaklastOctober.And lookingforward,mostexpertsexpectthemtodeclinefurtheroverthecourseoftheyear, thoughwithsomevolatilityalongtheway.RickSharga,FounderandCEOatCJPatrick Company,explains:
“We’veseenmortgageratesinchbackup,andarelikelytoseethemzigzagin agraduallydownwarddirectionfortherestoftheyear...”
Andevenasmallchangeinmortgageratescanhaveabigimpactonyourpurchasing power,makingiteasierforyoutoaffordthehomeyouwantbyreducingyourmonthly mortgagepayment.
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2.What’sUpwithHomePrices?
Eventhoughhomepricesarerisingacrossthecountry,somebuyersareworriedthey mightdrop.Youmightbeoneofthem.
Butexpertssaypriceswon'tfall,they'llactuallykeeprising.That'sbecausethere aren'tmanyhomesforsaleandbuyerdemandisstillhigh.Thosetwofactorswilllikely keepupwardpressureonhomepricesastheyearcontinues.AsSelmaHepp,Chief EconomistatCoreLogicsays:
“...demandforhomesinearly2024islikelytobestrongandwillagainput pressureonprices,similartotrendsobservedinearly2023...Mostmarkets willcontinuetoreachnewhomepricehighsoverthecourseof2024.”
Homepricesareexpectedtokeepgoingupthisyear.So,ifyou'rereadytobuy,it's bettertodoitsoonbecausewaitingmaymeanhigherpriceslater.
3.AreMoreHomesComingontotheMarket?
Inthepastyear,manyhomeownersdidn'twanttosellbecausemortgagerateswere high.Theypreferredtokeeptheirlowerratesinsteadofsellingandtakingonahigher rateontheirnexthome.Butnow,therearesignspeoplearereadytomoveagain.
Lowermortgageratesareencouragingmorehomeownerstoselltheirhouses.This increaseinhomesforsalemeansyoumighthavemorechoiceswhenlookingfora home.AccordingtoMarkFleming,ChiefEconomistatFirstAmerican:
“Thereisreasontobelievethattheratelock-ineffectwilleasemodestlythis yearasmortgageratescomedown.Andyoucouldonlyimagineiftheygot belowsix,thenevenmorepeoplewouldbeagain‘inthemoney’and homeownerswillbecomelessanchoredtothatlow,lowratethattheygot afewyearsago.”
BottomLine
Therearealotofthingstoconsiderwhenbuyingahome.Let’sconnectsoyouhavea housingmarketexpertwhocanansweryourquestions.Wecanchataboutwhat’s goingoninourareaandhowitappliestoyou.
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Ifyou’reinafinancialpositiontodosoand readytostayputforatleastafewyears, buyingahouseistotallyworthit.You’ll gainstability,buildequityandretaina senseofownershipandcontrol,rather thanbeingatthewhimofalandlord.
-Bankrate
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6 TopReasonsTo OwnYourHome Accomplishment Feelingasenseof achievementandpride Prioritizingtheneedsof thoseclosesttoyou LovedOnes Stability Lockinginyourmonthlyhousing paymentwithafixed-ratemortgage FinancialInvestment Growingyourassets andnetworth Enjoyingfeaturesthat enhanceyourlifestyle Comfort Privacy Havingaspace that’syourown PersonalExpression Tailoringyourhometo youruniquestyle Beingapartofa broadersocialgroup Community Ifyou’rereadyto buyahome,let’s gettheprocess startedtoday.
TheDifference BetweenRenting andBuyingaHome
BuyingaHome MeansAvoiding RisingRents
MedianAskingRent Since1988
WhenYouRent:
Yourmonthlypayment generallygoesupeachtime yousignorrenewalease.
Whendecidingbetween buyingahomeorrenting, thinkaboutthesethree importantfactors.
HomeownersOwn aTangibleand ValuableAsset
OwningYourHome GrowsYourWealth OverTime
WhenYouBuy:
Withyourfixed-rate mortgage,yourmonthly paymentislockedinforthe lengthofyourhomeloan.
...theaverageU.S. homeownerwitha mortgagestillhasabout $300,000inequity...
CoreLogic
WhenYouRent:
Youwon’tgetanyreturnon yourinvestmentasyoupay yourrentmonthly.
Amonthlymortgagepayment isoftenconsideredaforced savingsaccountthathelps homeownersbuildanet worthabout40times higherthanthatofarenter.
LawrenceYun ChiefEconomist,NAR
WhenYouRent:
Youwon’tgetanyreturnon yourinvestmentasyoupay yourrentmonthly.
WhenYouBuy:
Ashomepricesrise,andas youpaydownyourhome loan,youbuildequity.
WhenYouBuy:
Asyoubuildequitythrough theyears,yougiveyournet worthabigboost.
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Sources:Census,CoreLogic,NAR
WhatLowerMortgageRatesMean forYourPurchasingPower
Ifyouwanttobuyahome,it’simportanttoknowhowmortgageratesimpact whatyoucanaffordandhowmuchyou’llpayeachmonth.
Mortgageratesdon’tmoveinastraightline.Instead,theybouncearoundbecausethey’re impactedbysomanydifferentfactors.Fortunately,ratesfor30-yearfixedmortgagesarelower thantheirmostrecentpeakatendoflastOctober.That’sgoodnewsforbuyers.Asarecent articlefromBankratesays:
“Theratecool-offsomewhateasesthehousingaffordabilitysqueeze.”
AndaccordingtoEdwardSeiler,AVPofHousingEconomicsandExecutiveDirectorofthe ResearchInstituteforHousingAmericaattheMortgageBankersAssociation(MBA): “MBAexpectsthataffordabilityconditionswillcontinuetoimproveasmortgagerates decline...”
Here’sabitmorecontextonhowthiscouldhelpwithyourplanstobuyahome.
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Understandingtheconnectionbetweenmortgageratesandyourmonthlymortgagepaymentis crucialforyourplanstobecomeahomeowner.Thechartbelowillustrateshowyourabilityto affordahomechangeswhenmortgageratesshift.Imagineyourbudgetallowsforamonthly paymentbetween$2,400and$2,500.Thegreenboxesinthechartbelowshowpaymentsin thatrangeorlower.
Buyer’sPurchasingPower
MonthlyMortgagePayment(PrincipalandInterest)
Mortgage Interest Rate
PreBubble Bubble Bust
Principalandinterestpaymentsroundedtothenearestdollar.TotalMonthlypaymentmayvarybasedonloanspecificationssuchas propertytaxes,insurance,HOAdues,andotherfees.Interestratesusedhereareformarketingpurposesonly.Consultyourlicensed MortgageAdvisorforcurrentrates.
Source:Mortgagecalculator.net
Asyoucansee,evensmallchangesinratescanaffectyourbudgetandtheloanamountyou canafford.
GetHelpfromReliableExpertsToUnderstandYourBudgetandPlanAhead
Whenyou’relookingtobuyahome,it’simportanttogetguidancefromalocalrealestateagent andatrustedlender.Theycanhelpyouexploredifferentmortgageoptions,understandwhat makesmortgageratesgoupordown,andhowthosechangesimpactyou.
Bylookingatthenumbersandthelatestdatatogether,thenadjustingyourstrategybasedon today’srates,you’llbebetterpreparedandreadytobuyahome.
BottomLine
Ifyou’relookingtobuyahome,evenasmallchangeinmortgageratescanaffectyour move.Let’sconnecttoplanyournextsteps.
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HowMortgageRatesAffectYourSearchforaHome
$440,000$420,000$400,000$380,000$360,000 $3,077$2,937$2,797$2,657$2,5177.50% $3,002$2,865$2,729$2,592$2,4567.25% $2,927$2,794$2,661$2,528$2,3957.00% $2,854$2,724$2,594$2,465$2,3356.75% $2,781$2,655$2,528$2,402$2,2756.50% $2,709$2,586$2,463$2,340$2,2176.25% $2,638$2,518$2,398$2,278$2,1586.00% $2,568$2,451$2,334$2,218$2,1015.75% $2,498$2,385$2,271$2,158$2,0445.50%
HomeLoanAmount
Lowerborrowingcostssincetheendof2023have broughtsomemuch-neededrelieftotheUShousing market....improvedaffordabilityhasmorebuyers wadingbackintothemarketandmoresellers listingtheirhomesastheygiveuptryingtotime themarket...
-BusinessInsider
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MortgageRatesAreDownfromTheirRecentPeak
Whiletherecouldbesomefluctuationsinthepathforward...thegeneral expectationisthatmortgagerateswillcontinuetotrenddownward, aslongastheeconomycontinuestoseeprogressoninflation. JiayiXu,
Economist,Realtor.com
WagesAre IncreasingFaster ThanUsual
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WhyIt’sMore AffordableToBuya HomeThisSpring
HomePricesAre ExpectedToRise ataSlowerPace
2024HomePriceForecastsPercentAppreciation/Depreciation WeeklyChangesintheIndexMeasuring TotalAmountofMoneyPaidtoAll WorkersinthePrivateSector Sources:FreddieMac,Zillow,Realtor.com,GoldmanSachs,MBA,NAR,Pulsenomics,FannieMae,TheFed 3.2 5.5 4.1 3.53.2 2.62.4 1.4 AverageofAll 8 Goldman Sachs MBAZillowFannieMaeFreddieMacHPESNAR 60 80 100 120 140 160 180 WagesIndexWagesIndexTrendline
ThinkingAboutBuyingaHome?
AskYourselfThisQuestion
Ifyou’rethinkingofbuyingahomethisspring,here’sanimportantquestion youneedtoaskyourselfasyoumakeyourdecision.
WhereDoIThinkHomePricesAreHeading?
OnereliableplaceyoucanturntoforinformationonhomepriceforecastsistheHomePrice ExpectationsSurveyfromFannieMae–asurveyofoveronehundredeconomists,realestate experts,andinvestmentandmarketstrategists.Accordingtothemostrecentrelease,theexperts areprojectinghomepriceswillcontinuetoriseatleastthrough2028(seegraphbelow):
EstimatedHomePricePerformance
DecembertoDecember,asForecastinQ12024
Source:Q12024HPES
So,whydoesthismattertoyou?Whilethepercentofappreciationmaynotbeashighasitwasin recentyears,what’simportanttofocusonisthatthissurveysayswe’llseepricesrise,notfall,for atleastthenext5years.
Andhomepricesrising,evenatamoremoderatepace,isgoodnewsnotjustforthemarket,but foryoutoo.Itmeans,bybuyingnow,yourhomewilllikelygrowinvalue,andyoushouldgain homeequityintheyearsahead.But,ifyouwait,basedontheseforecasts,thehomewillonlycost youmorelateron.
BottomLine
Ifyou’rethinkingaboutbuyingahome,youneedtoknowwhat’sexpectedwithhome prices.Whilenoonecansayforcertainwherethey’llgo,makingsureyouhavethe latestinformationcanhelpyoumakeaninformeddecision.Let’sconnectsoyoucan stayuptodateonwhat’shappeningandwhythisissuchgoodnewsforyou.
12 3.78%3.36%3.87%4.18%4.11%
20242025202620272028
Ifyou’rethinkingaboutbuyinga homethisyear,besureto considerthelong-termfinancial benefitsofhomeownership.
Equityisthecurrentvalueofyourhomeminus whatyoustilloweonyourloan.Itgoesupwhen:
•Youpaydownyourloan
•Homepriceappreciation makesyourhome’svaluegoup
Here’salookathowjustthehomepriceappreciationpiececanincreaseyourwealthovertime.
SinceQ11991,Q42023
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HowHomeowner NetWorth GrowswithTime
HomeEquityBoostsYourNetWorth
PercentChangeinHomePrices
Source:FHFA
AreMoreHomeownersSelling?
Ifyou’relookingtobuyahome,theoveralldownwardtrendinmortgagerates isgoodnewsbecauseithelpswithaffordability.Butthere’sanotherwaythis benefitsyou–itmayinspiremorehomeownerstoputtheirhousesupforsale.
TheMortgageRateLock-InEffect
Overthepastyear,onefactorthat’sreallylimitedtheoptionsforyourmoveishowfewhomes wereonthemarket.That’sbecausemanyhomeownerschosetodelaytheirplanstosellonce mortgagerateswentup.AnarticlefromFreddieMacexplains:
“Thelackofhousingsupplywaspartlydrivenbytheratelock-ineffect....Withhigher rates,theincentiveforexistinghomeownerstolisttheirpropertyandmovetoanewhouse hasgreatlydiminished,leavingthemratelocked.”
Thesehomeownersdecidedtostayputandkeeptheircurrentlowermortgagerate,ratherthan moveandtakeonahigheroneontheirnexthome.
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EarlySignsShowHomeownersAreReadyToMoveAgain
AccordingtodatafromRealtor.com,thereweremorehomeownersputtingtheirhousesupfor sale,knownintheindustryasnewlistings,inJanuary2024comparedtoJanuary2023(see graphbelow):
SellersAreRe-EnteringtheMarket
20172018201920202021202220232024
Here’swhythisissosignificant.Thisisthefirsttimesince2019thatwe’veseenanuptickin newlistingsthistimeofyear.Thiscouldbeasignalthattheratelock-ineffectiseasingabit.
WhatThisMeansforYou
Whilethereisn’tgoingtosuddenlybeaninfluxofoptionsforyourhomesearch,itdoesmean moresellersmaybedecidingtolist.AccordingtoarecentarticlefromtheJointCenterfor HousingStudies(JCHS):
“Areductionininterestratescouldalleviatethelock-ineffectandhelplifthomeowner mobility.Indeed,interestrateshaverecentlydeclined,fallingbyafullpercentagepoint fromOctobertoNovember2023...Furtherdecreaseswouldreducethebarrierto movingandgivehomeownerslookingtosellanewfoundsenseofurgency...”
Andthatmeansyoumayseemorehomescomeontothemarkettogiveyoumorefreshoptions tochoosefrom.
BottomLine
Asmortgageratescomedown,moresellersmayre-enterthemarket–thatgivesyou anopportunitytofindthehomeyou’relookingfor.Let’sconnectsoyou’vegotalocal expertonyoursidewho’llhelpyoustayontopofthelatestlistingsinourarea.
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NewListingsCountEachJanuary
323,868287,140295,178
Source:Realtor.com 387,198381,630399,032379,388362,648
WhyPre-ApprovalIsEven MoreImportantThisSpring
Ontheroadtobecomingahomeowner?Ifso,youmayhaveheardthetermpreapprovalgettossedaround.Let’sbreakdownwhatitisandwhyit’simportant ifyou’relookingtobuyahomethisspring.
WhatIsPre-Approval?
FreddieMacexplainsitlikethis:
“Apre-approvalisanindicationfrom yourlenderthattheyarewillingto lendyouacertainamountofmoney tobuyyourfuturehome.... Keepinmindthattheloanamountin thepre-approvalletteristhelender’s maximumoffer.Ultimately,you shouldonlyborrowanamountyou arecomfortablerepaying.”
Now,thatlastpieceisespecially important.Whilehomeaffordabilityis gettingbetter,it’sstilltight.So,getting agoodideaofwhatyoucanborrow canhelpyoureallywrapyourhead aroundthefinancialsideofthings.It doesn’tmeanyoushouldborrowthe fullamount.Itjusttellsyouwhatyou canborrowfromthatlender.
HowDoesItWork?
Aspartofthehomebuyingprocess, alenderlooksatyourfinancesto determinewhatthey’rewillingto loanyou.AccordingtoInvestopedia, thisincludesthingslikeyourW-2,tax returns,creditscore,bankstatements, andmore.Fromthere,they’llgiveyou apre-approvallettertohelpyouknow howmuchmoneyyoucanborrow.
Thissetsyouuptomakeaninformed decisionaboutyournumbers.Thatway you’reabletotailoryourhomesearch towhatyou’recomfortablewithbudgetwiseandcanactfastwhenyoufinda homeyoulove.
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WhyPre-ApprovalIsSoImportantThisSpring
Ifyouwanttobuyahomethisspring,there’sanotherreasonyou’regoingtowanttobe sureyou’reworkingwithatrustedlendertomakethisapriority.
Whilemorehomesarebeinglistedforsale,theoverallnumberofavailablehomesis stillbelowthenorm.Atthesametime,therecentdownwardtrendinmortgagerates comparedtolastyearisbringingmorebuyersbackintothemarket.Thatimbalanceof moredemandthansupplycreatesabitofatug-of-warforyou.
Itmeansyou’lllikelyfindyouhavemorecompetitionfromotherbuyersasmoreand morepeoplewhoweresittingonthesidelineswhenmortgagerateswerehigherdecide tojumpbackin.Butpre-approvalcanhelpwiththattoo.
Pre-approvalshowssellersyoumeanbusinessbecauseyou’vealreadyundergonea creditandfinancialcheck.AsGregMcBride,ChiefFinancialAnalystatBankrate,says:
“Preapprovalcarriesmoreweightbecauseitmeanslendershaveactuallydone morethanacursoryreviewofyourcreditandyourfinances,buthaveinstead reviewedyourpaystubs,taxreturnsandbankstatements.Apreapproval meansyou’veclearedthehurdlesnecessarytobeapprovedfora mortgageuptoacertaindollaramount.”
Sellerslovethatbecausethatmakesitmorelikelythesalewillmoveforwardwithout unexpecteddelaysorissues.Andifyoumaybecompetingwithanotherbuyertoland yourdreamhome,whywouldn’tyoudothistohelpstackthedeckinyourfavor?
BottomLine
Ifyou’relookingtobuyahomethisspring,knowthatgettingpre-approvedisgoingto beakeypieceofthepuzzle.Withmorebuyerscomingbacktothemarket,thiscanhelp youmakeastrongofferthatstandsoutfromthecrowd.
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ThingsToAvoid AfterApplyingfor aMortgage
Don’tchangebankaccounts.
Don’tdepositcash intoyourbank accountsbefore speakingwithyour bankorlender.
Don’tmakeany largepurchases.
Consistencyisthenameofthegame afterapplyingforamortgage.Besureto discussanychangesinincome,assets, orcreditwithyourlender,soyoudon’t jeopardizeyourapplication.
Don’tapplyfornewcreditor closeanycreditaccounts.
Don’tco-signother loansforanyone.
Thebestplanistofullydiscloseanddiscussyourintentions withyourlenderbeforeyoudoanythingfinancialinnature.
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AdviceforMakingYourStrongest OfferonaHome
Thehousingmarketiscompetitiveinmanyplacesrightnowbecausethere aren'tmanyhomesforsale.Ifyou'replanningtobuyahomethisspring,here aresometipstohelpyoumakeastrongoffer.
1.LeanonaRealEstateProfessional
Relyonanagentwhocansupportyourgoalsandhelpyouunderstandwhat’s happeningintoday’shousingmarket.Agentsareexpertsinthelocalmarketandonthe nationaltrendstoo.They’llusebothofthoseareasofexpertisetomakesureyouhave alltheinformationyouneedtomovewithconfidence.
Plus,theyknowwhat’sworkedforotherbuyersinyourareaandwhatsellersmaybe lookingforinanoffer.Itmayseemsimple,butcateringtowhatasellerneedscanhelp yourofferstandout.AsanarticlefromForbessays:
"Gettingtoknowalocalrealtorwhereyou’rehopingtobuycanalsopotentially giveyouacrucialedgeinatighthousingmarket.“
2.GetPre-ApprovedforaHomeLoan
Havingaclearbudgetinmindisespeciallyimportantrightnowgivencurrent affordabilitychallenges.Thebestwaytogetaclearpictureofwhatyoucanborrowisto workwithalendersoyoucangetpre-approvedforahomeloan.
That’llhelpyoubemorefinanciallyconfidentbecauseyou’llhaveabetterunderstanding ofyournumbers,anditalsoshowssellersyou’reaseriousbuyer.Andthatcangiveyou acompetitiveedgeifyoudogetintoamultipleofferscenario.
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3.MakeaFairOffer
It’sonlynaturaltowantthebestdealyoucangetonahome.However,submittingan offerthat’stoolowdoeshavesomerisks.Youdon’twanttomakeanofferthatwillbe tossedoutassoonasit’sreceivedjusttoseeifitsticks.AsRealtor.comexplains:
“...anofferpricethat’ssignificantlylowerthanthelistingprice,isoftenrejected bysellerswhofeelinsulted...ifasellerisoffendedbyabuyerorisn’ttaking thebuyerseriously,there’snotmuchyou,ortherealestateagent,cando.”
Theexpertiseyouragentbringstothispartoftheprocesswillhelpyoustay competitiveandfindapricethat’sfairtoyouandtheseller.
4.TrustYourAgent’sExpertiseThroughoutNegotiations
Overthepastfewyears,somebuyersskippedhomeinspectionsordidn’taskfor concessionsfromthesellerinordertosubmitthewinningbidonahome.Anarticle fromBankrateexplainsthisisn’thappeningasoftentodayandthat’sgoodnews:
“It’sinthebuyer’sbestinteresttohaveahomeinspected...Inspectionsalert youtoexistingorpotentialproblemswiththehome,givingyounotjustanearly headsupbutalsoausefulnegotiatingtactic.”
Fortunately,today’smarketisdifferent,andyoumayhavemorenegotiatingpowerthan before.Whenputtingtogetheranoffer,yourtrustedrealestateadvisorwillhelpyou thinkthroughwhatleverstopullandwhichonesyoumaynotwanttocompromiseon.
BottomLine
Whenyougotobuyahomethisspring,let'stalksoyoucanhaveanexpertonyour teamtohelpyoumakeyourtopoffer.
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WhyYouShouldUseaRealEstate
AgentWhenYouBuyaHome
Ifyou’vedecidedyou’rereadytobecomeahomeowner,chancesareyou’re tryingtofigureoutwhattodofirst.Itcanfeelabitoverwhelmingtoknow wheretostart,butthegoodnewsisyoudon’thavetonavigateallofthatalone.
Whenitcomestobuyingahome,therearealotofmovingpieces.Andthat’sespeciallytruein today’shousingmarket.Thenumberofhomesforsaleisstilllow,andhomepricesandmortgage ratesarestillhigh.Thatcombinationcanbetrickyifyoudon’thavereliableexpertiseanda trustedadvisoronyourside.That’swhythebestplacetostartisconnectingwithalocalreal estateagent.
AgentsArethe#1MostUsefulSourceintheBuyingProcess
ThelatestannualreportfromtheNationalAssociationofRealtors(NAR)findsrecent homebuyersagreethe#1mostusefulsourceofinformationtheyhadinthehomebuyingprocess wasarealestateagent.Let’sbreakdownwhy.
HowanAgentHelpsWhenYouBuyaHome
Whenyouthinkaboutarealestateagent,youmaythinkofsomeonetakingyouonhome showingsandputtingtogetherthepaperwork,butagreatagentdoessomuchmorethanthat. It’snotjustbeingthefacilitatorforyourpurchase,it’sbeingyourguidethrougheverystep.
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ThelistbelowusesthatsameNARreleasetoshowsomeexamplesofthemanywaysanagent addsvalue.Itincludesthepercentageofhomebuyersinthatreportwhohighlightedeachof thesebenefits:
•HelpedBuyerUnderstandtheProcess(61%):Doyouknowthedifferencebetween aninspectionandanappraisal,whateachreporttellsyou,andwhythey’reboth important?Orthattherearethingsyoushouldn’tdoafterapplyingforamortgage,like buyingappliancesorfurniture?Anagentknowsallofthesebestpracticesandwill sharethemwithyoualongtheway,soyoudon’tmissanykeystepsbythetimeyou gettotheclosingtable.
•PointedOutUnnoticedFeaturesorFaultswiththeHome(58%):Anagentalsohas alotofexperienceevaluatinghomes.They’vetrulyseenitall.They’llbeableto pinpointsomethingsyoumaynothavenoticedaboutthehomethatcouldhelpinform yourdecisionoratleastwhatrepairsyouaskfor.
•ProvidedaBetterListofServiceProviders(46%):Inarealestatetransaction,there arealotofpeopleinvolved.Anagenthasexperienceworkingwithvarious professionalsinyourarea,likehomeinspectors,andcanhelpconnectyouwiththe prosyouneedforasuccessfulexperience.
•NegotiatedBetterSalesContractTermsandaBetterPrice(46%and33%):Did somethingpopupinthehomeinspectionorwiththeappraisal?Anagentwillhelpyou re-negotiateasneededtogetthebesttermsandpricepossibleforyou,soyoufeel confidentwithyourbigpurchase.
•ImprovedBuyer’sKnowledgeoftheSearchArea(45%):Movingtoanewtownand you’renotfamiliarwiththearea,oryou’restayingnearby,butdon’tknowwhich neighborhoodsaremostaffordable?Eitherway,anagentknowsthelocalarealikethe backoftheirhandandcanhelpyoufindtheperfectlocationforyourneeds.
•ExpandedBuyer’sSearchArea(21%):Andifyou’renotfindinganythingyou’re interestedinwithinyourinitialsearchradius,anagentwillknowotherneighborhoods nearbyyoushouldconsiderbasedonwhatyoulike,whatamenitiesyouwant, andmore.
BottomLine
Ifyou’relookingtobuyahome,don’tforgetaboutthemanywaysanagentisessential tothatprocess.Anyhurdlethatpopsup,anegotiationthatneedstotakeplace,and more,youragentwillknowhowtohandleitwhiletheymakesuretominimizeyour stressalongtheway.Let’sconnecttotackleittogether.
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“Buyingahousecanbeoneofthemostdifficultand complicatedpurchasesyoumakeinyourlifetime.Not onlyistheamountofmoneyyou’redealingwith substantial,themany,manylegalinsandoutsofreal estatetransactionscanbeconfusingforsomeonewho doesn’tworkdirectlyinthefield.Thisiswhymany homebuyersuseabuyer’sagentwhenthey’re searchingforanewhometopurchase.”
-U.S.News
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Let’sChat. SPRING2024EDITION DavidGoldberg NMLS#728872 MutualofOmahaMortgage VicePresidentofMortgageLending DGoldberg@MutualMortgage.com www.GoldbergMortgage.com (216)496-9483
realestateprocess.
I’msureyouhavequestionsandthoughtsaboutthe
I’dlovetotalkwithyouaboutwhatyou’vereadhereandhelpyou onthepathtobuyingyournewhome.Mycontactinformationis below,andIlookforwardtoworkingwithyou.
