What Are Your Priorities in 2023?
What are your priorities in 2023? Let’s connect so you can find a space with the features you need this year and beyond.
What are your priorities in 2023? Let’s connect so you can find a space with the features you need this year and beyond.
Searching for real estate without the right tools or resources can be frustrating, and you might not find what you actually want. A knowledgeable real estate agent can make all the difference! Allow me to help you know before you go as you search for your dream home.
On the fence about selling your home? Are you waiting until Summer to List your home? Inventory is low and many buyers are looking now.
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 much do you think is required for a down payment? The vast majority of young renters surveyed said they plan to buy a home at some future point. So, what is preventing them from taking the plunge? A big part of it is the perception that they can’t.
Millennials consider down payment a top obstacle in getting a mortgage. Three-quarters of consumers are not aware of low down payment programs (3% to 5%), which means that many potential homebuyers are taking themselves out of the market – not because they can’t get a mortgage to buy a home, but because they believe they can’t.
It’s no surprise, in that survey, that lenders and real estate agents were the two most influential sources of information on getting a mortgage. So, together let’s tackle the information gap that is preventing Millennials from participating in homeownership.
Many potential homeowners don’t look at purchasing a home because they have incorrect information about credit scores which keep them from enjoying homeownership today. Did you know that:
Over 80% of consumers say they’ve seen their credit score, but when asked what their score is, almost half of them either say they ‘don’t know’ or they provide a number that is outside of the 300–850 score range.
Over 50% of consumers either didn’t know or got wrong the minimum credit score required for a home loan (Fannie Mae’s minimum requirement is 620; the average consumer response was 652).