Are You Ready to Buy a Home?

I found this photo on the internet, titled “Millennials Finally Buy a House!” It’s a funny picture of proud owners of a cardboard house….it’s almost funny, if it wasn’t so true! It’s a spoof on the current marketplace. The point being is it takes a lot of money to buy a house in today’s market. What you want sometimes doesn’t translate into what you can afford! The current “hot” market in residential real estate has buyers competing over very low housing inventory and pushing prices up over the asking price. (Supply and Demand) Its a great market for sellers. Not so great for buyers. Especially if you are not prepared to present the best offer. How can first-time home buyers navigate this frenzied marketplace? Be prepared!

Follow these simple steps to homeownership:

Be credit ready BEFORE shopping-choose the right mortgage lender to help you get there (Guaranteed Rate Affinity).
Choose a Realtor with local knowledge and experience- Call me!
Forget the new car and SAVE, SAVE, SAVE for a down payment.

…and GOOD LUCK! you’re going to need that, too!