This is a YouTube video titled "5 Key Tips for Today's Homebuyers 🏠 #firsttimehomebuyer #homeloans #mortgage #homebuyer #fhaloan" created on April 14, 2024. The content features a dialogue between two speakers providing practical advice and strategies for prospective homebuyers navigating the current housing market, including tips on patience, pre-approval, pricing, interest rates, and negotiation.
Five key tips for home buyers in today's housing market 1. More homes are coming.
So stay patient.
There's expected to.
Be more houses listed for sale this year than each of the last two years because there's so.
Much picked up demand. 2.
Get pre approved before you go look.
For houses you don't want to go.
Find the perfect home.
And then backtrack.
And try to scramble to get a pre approval letter because.
You might jeopardize.
Even being able to make an offer.
By the time it's sold.
Homes are going quickly. 3.
Waiting is costing you money. Keep in mind home prices on average moving up a half percent.
Every single month.
So every month you're paying a half percent more for that house price.
4. Don't wait for interest rates to drop.
Sure that at a base level that makes sense. Let's get a better deal.
On the interest rates.
But trust me, you're not alone.
There's more people than ever before waiting.
For rates to drop. And 5. Don't miss out on a small difference when negotiating.
Sure we want.
You to get the best deal. We advocate for our buyers to get.
Their best deal in the house.
But I've seen way too many people.
The last few years miss out on.
A couple thousand dollars difference on the price and they walk away from the house only.
To take months or a year or two later.
To find a similar house. And now they're paying tens of thousands of dollars more because house prices went up. They would love to go back and get that original deal. Keep that in mind when you're negotia and reach out to me and the team if you need any help navigating today's housing market.
