6 Creative Negotiation Tips That Help Homebuyers Win in a Competitive Market
Last week I wrote about actions you can take to give yourself a better opportunity to buy a home. One of the actions I listed included negotiating with creativity, a crucial opportunity area if you don’t have the budget to fire a money gun on top of your offer. If you partnered with a rockstar real […]
How to buy a home in a tough market
As I’m writing this, 30-year fixed mortgage rates stand at 7.23%, the highest since 2001. Logically, such a high rate would mean that house prices go down since people would be less inclined to buy and sellers would need to drop prices to entice prospective homebuyers. However, we’re living in a bizzarro world where demand for […]
The Simple Ratio That Can Make or Break Your Ability to Buy a Home
First-time homebuyers are drowning in mortgage payments. According to a recent report from the National Association of Realtors (NAR), first-time homebuyers are spending 37.8% of their income on their mortgage payments(i.e. principal and interest). The NAR asserts that such payments should not be more than 25% and housing costs in total (e.g. principal, interest, taxes, insurance, maintenance, […]