Buying Myths

Things That Could Help You Win a Bidding War on a Home

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing /

\"ThingsWith a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. Here’s a look at how […]

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How Homeownership Can Help Shield You from Inflation

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Pricing /

\"HowIf you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to […]

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Is It Enough To Offer Asking Price in Today’s Housing Market?

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers /

\"IsIf you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would […]

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How To Approach Rising Mortgage Rates as a Buyer

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers /

\"HowIn the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that […]

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Why Pre-Approval Is an Important Step for Today’s Homebuyers

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers /

\"WhyBeing intentional and competitive are musts when buying a home this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of The Mortgage Reports, explains: “The lender will check […]

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What Is Multigenerational Housing? [INFOGRAPHIC]

Baby Boomers, Buying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Generation X, Infographics, Millennials, Move-Up Buyers, Senior Market /

Some Highlights

If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home.
Some key benefits of multigenerational living include a combined homebuying budget, s…

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What You Need To Budget for When Buying a Home

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers /

\"WhatWhen it comes to buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information. But you should know, you’re not expected to have all the answers yourself. There are many trusted professionals who can help you understand your finances and what you’ll […]

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Key Factors That Impact Affordability Today

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing /

\"KeyYou can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face. There’s no doubt homes are less affordable today than they were over the last two years, but that doesn’t mean homes are now unaffordable. There are three measures used to establish home affordability: home prices, […]

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