Our REALTORS® have been getting many questions about what to expect from the housing market in the coming year. No matter whether you're interested in Mansfield or Ashland homes for sale, there are plenty of opportunities.
The big question on everyone's mind is how financing will change in 2022.
Over the last year, many places in the country have seen home prices skyrocket. Homeowners have had the chance to attract abundant attention, with many homes receiving competitive bids from multiple buyers at once. As a result, quite a few homes have sold for well over asking price.
Before looking at Mansfield or Ashland homes for sale, many would-be buyers take time to improve their credit scores. As a general rule, the better your credit is, the easier it is to access home loans on favorable terms. That usually means better interest rates and saving thousands over a mortgage's life.
Our REALTORS® have helped many clients understand how to tackle this process. We have spoken to many people who have put off their plans to buy a home due to their low credit score, even when they have substantial current income.
Luckily, you can improve your credit score in 2021 no matter where you start from!
Real estate markets across the country are red hot. It is not uncommon for sellers to receive numerous offers within days of listing their property. Time and time again, our REALTORS® have seen homes sell for well above their listing price. If you have your eye on the perfect property for your next home, we recommend taking the time to get prepared before you jump into the pool of buyers eager to get their hands on your dream home.
It's a competitive real estate market. For first-time homebuyers, the goal of homeownership can appear difficult to achieve. While it's true that there are obstacles in the path, it's not impossible to overcome them and beat the odds. Our REALTORS® know how to help first-time homebuyers position themselves in the market to purchase the home they desire.
When it comes to applying for a mortgage, getting pre-approved for financing and starting the credit application process should begin as early as possible. The sooner you get a jump on the process, the fewer problems you'll have when it's time to close and sign on the dotted line.
But is it possible to apply too early? Our REALTORS® know the answers, and we've put together some of our expertise to help you apply for your mortgage financing at an optimal time for your home purchase.
Before you decide how early to apply for a mortgage, we should help you understand how long the pre-approval process takes.
If you've spent even a tiny amount of time shopping around for a mortgage, then you know it's not exactly a picnic. Our REALTORS® understand that securing a home loan is easily the least fun part of the home buying process, but it's an unavoidable one.
That said, many homebuyers have a loan option they may not have considered: VA Loans. For those who qualify, a VA loan is an amazing resource, arguably much better than a conventional mortgage. So if you're looking at Mansfield homes for sale, be sure to carefully consider all your loan options.
VA Loans are backed by the U.S. Department of Veterans Affairs and are designed to provide a simple and affordable route to homeownership for military, veterans and their families. Since VA Loans were first offered under the Servicemen's Readjustment Act in 1944, they have helped countless current and former service members finance their homes.
Do you dream of buying one of our local Mansfield homes for sale, but think there's no viable way to afford it? Think again! 2019 can be your year to purchase a house! Gathering the right information, taking advantage of multiple resources and making friends with your budget are the critical ingredients for taking that life-changing step. With a bit of planning and effort before you begin searching, buying a home may not be easier than you ever imagined.
We all know that buying a house has its challenges, and the terminology alone is enough to make your head swim. One of the terms our REALTORS® often get asked about is PMI—Private Mortgage Insurance. What is it? How does it work? What does it cost? Do I really need it? Is it tax deductible? We're here to answer all your questions for you.
Even if you're new to a job, you can still fulfill your dream of owning a home. When you search for Mansfield homes for sale, you're destined to find the perfect residence in a neighborhood that fits your lifestyle. While your new job may present financing challenges, some mortgage companies will find ways to work around the obstacles.
Our REALTORS® believe that the path to homeownership is easier when you know what to expect. That's why we created a "First-Time Buyers Guide: Buying a Home With a New Job" with information to help you through your home-buying process.