A lot has happened in real estate this year. Housing prices have increased and the number of buyers continues to soar as people are leaving cities and looking for more space. You may be wondering how to enter the market or if you are eligible to compete with the current influx of home buyers. In this video, I outline the importance of having your finances in order before buying and what your options are. If you are looking to enter the market as a buyer, I can help you take the right steps to ensure you are making the right move at the right time.
Have your finances in order
The market is hot right now and properties are selling quickly. Most houses below $500,000 are sold within days of being on the market. If you are looking to buy right now, having your finances in order is crucial for competing with other buyers. If you are unfamiliar with this process, I can walk you through and connect you with the right people!
Get pre-approved!
Before starting your search for a new home or investment, getting pre-approved for a mortgage is an important first step. Talk to your bank about what your options are so you have an idea of what type of mortgage you can manage.
You have options
Good news – you don’t need to have hundreds of thousands of dollars to buy a house! Whatever your current financial situation is, there are many options and solutions that will help you purchase a home.
Mortgage brokers vs. the bank
When it comes to mortgages, getting one through your bank is not your only option. Banks will only offer you mortgage rates and products that they provide. If you get a mortgage through a broker, they have many different financing options. Mortgage brokers often have multiple lenders, which means they can usually offer you better rates or help with a down payment. So depending on your situation, brokers can help find a financing solution that best suits your needs.
I can connect you with the right people
If you have questions about financing a home or investing in a property I can help. I can connect you with brokers and financial experts in real estate that I know and trust. Having your finances figured out is the best way to get into the real estate market right now and compete with other home buyers.
Let’s find your dream home!
