Get In The Game!

Right now, it’s a seller’s market and there are many buyers competing for the few homes listed. Buyers need a competitive edge more than ever. Buyers who get pre-qualified are one step ahead, but getting pre-approved demonstrates to sellers that you’re in the game and serious about your offer.

How to Make Your Dream Home Your Next Best Investment

Could your clients sell their current home and get a bigger or nicer home without increasing their monthly payment too much? Yes, and this “Smart Move” opportunity happens when:

    • Market value has increased enough on their current home, and they have a significant amount of equity (more than 20%)
    • They pay Private Mortgage Insurance (PMI) on their current home
    • They are willing to sell their current house and put all of their equity into the new home, and perhaps some of their savings
    • Their credit score has improved by paying their mortgage.

Many people buy their first home with little money down and not always with the best credit score, resulting in a higher interest rate and PMI. As homebuyers become more established in life be sure to talk to them about the opportunity to sell their current home, get a nicer or larger home, and take advantage of their current equity to make it all happen.