Do you want to stop renting and start building equity?
Is your home starting to feel cramped? Or is it the opposite, you have too much space and are looking to downsize?
You don’t want to miss this!
Buyers are starting to gain traction in this local market, meaning there are some great opportunities available. Before we jump into interest rates, let’s discuss other benefits buyers have coming up this year.
Lenders are offering a lot of programs for all types of buyers, especially first time home buyers.
The state of Pennsylvania has grants and financing programs that you may be able to take advantage of.
Sellers are beginning to offer incentives to buyers to help ease the cost of home prices
Now, let’s talk about interest rates. Buyers were pulling back from the market due to increasing rates and home sale prices but those are leveling off.
“Mortgage rates are the lifeblood that drive home sales....As the mortgage market normalizes, it will be an opportunity for rates to decline even further.””
Yun expects that rates have hit their peak and will settle around 5.7% as the year progresses. It’s an exciting time but be sure not to miss any of the important details! Here are some ways to make sure you cross all your T’s and dot all your I’s:
Team Up With a Dedicated Real Estate Expert (The Steve Ritter Team!)
Connect With a Lender & Get Your Finances in Order (Ask us for a recommendation!)
Create Your Home Search Criteria List
Have a Plan For Showings
Know What to Expect When Submitting & Negotiating Offers
Don’t Forget the Contingencies!
Prepare For Your Move Early!
Be Prepared for Your Settlement
Can’t wait for these to be released? Give our team a call or fill out the form below to obtain our Home Buyer’s Guide and to schedule a free, no obligation consultation!