Aiming to buy a home in the next year? Do these 4 things (via CNBCMakeIt)
, and you can also search "[your state] + down-payment assistance programs" to find more in your area. There are also programs tailored to certain professions, like teachers, firefighters or veterans.
That said, using a down payment assistance program can potentially make your offers less competitive to some sellers. Be mindful of that when looking.With the inventory shortage, chances are homes will continue to go fast, says Glenn Phillips, CEO and lead economic analyst for Lake Homes Realty. Many of the best deals may only last a day or a few hours on the market, he says. The average homethroughout November, according to the National Association of Realtors.
"When buying a home in the next year or longer, it will be important to watch new listings, including 'coming soon' listings, and be very prepared to not only visit the home quickly, but prepare to decide and extend an offer almost immediately," says Phillips.Acting fast doesn't mean overpaying, though. "Buy competitively, but still be prudent," Phillips says. "There are home sellers who are pricing at such a high price that only suckers will buy.
In the current market, these are usually the homes that have been for sale for two weeks or longer. "These are homes where the home buyers and their agents recognize the home is grossly overpriced and are now avoiding it." Compare home prices from the prior year in your local area. If a seller is listing the same type of house for significantly more, you might be better off waiting for the next property to come on the market.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
UTA’s Gaming-Focused SPAC Sets IPO, Aiming To Raise $200 MillionUTA has become the latest talent agency to play in the public markets, forming a special-purpose acquisition company that will start trading tomorrow on the NASDAQ. Under the ticker symbol “U…
Lire la suite »
EXCLUSIVE: Gildo Zegna Discusses Road to IPOThe Ermenegildo Zegna Group's CEO has “great ambitions for the next 111 years.”
Lire la suite »
This Is How I Bought My $940K Condo In Toronto'By the middle of 2021, I’d been living with my family and working for over two years, half of which was in a lockdown, which meant I’d saved a significant amount.'
Lire la suite »
Reba McEntire is opening a restaurant and live music venue next yearIs there anything that Reba can't do?!
Lire la suite »
Cat rescued from under sofa by 'hero' fellow feline: 'Reverse Lion King'The clip of '2 cat besties doing cat bestie things' has been watched more than 7 million times on TikTok.
Lire la suite »