If you’re looking to buy your first home, you’re likely balancing several factors. Because both mortgage rates and home prices have risen this year, it costs more to buy a home than it did even just a few months ago. But that doesn’t mean you have to put your plans on hold.
When you partner with me, a trusted real estate advisor and hone your strategy, you can navigate today’s market and find the home you’re looking for. Here are two tips to help you get started.
Work with me To Prioritize Your Wish List
If you’re having trouble finding a home in your budget that checks all the boxes, it may be worth taking another look at your lists of what you want and what you really need. Your wish list can have as much impact on your search as your finances. Your budget isn’t all that you need to be concerned about when buying a house, your needs and desired location may also affect it as well.
Increase Your Search Radius To Consider More Locations
Some areas may have more homes within your target price range than others, but it may require you to be flexible on your location. For example, if you’re a remote worker, you may be able to expand your search radius. The decision to search in places with lower prices could help you find a home that fits your budget and checks the most boxes off your wish list.
Ask me about an Interest Rate Buydown
We are writing offers today requesting a seller contribute to a Buydown of the interest rate for a Buyers Loan. This allows us to get our clients a better interest rate and a lower monthly payment.
If you’re serious about purchasing your first home this year, revisiting your wish list and desired location can help. Work with me to explore all the options in your local market – and beyond – so you can achieve your homeownership dreams.