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Do you know someone who is a first time home buyer? I can help with Market Education.
Your first home will NOT be perfect. But it WILL be the perfect first step with your long-term goals in home ownership.
Think about the BEST location for your dollar. Keep it as affordable as you can. Getting IN is still better than sitting on the sidelines. Real Estate wealth is the long-term game.
2021-2022 – High prices, low interest rates
2023 – Low prices, higher interest rates
2024- Lowering Prices, Lowering interest rates
But really…. THESE rates aren’t anywhere near what we considered “”high”” historically.
Looking past all the media frenzy, the strategy should be:
“𝑴𝒂𝒓𝒓𝒚 𝒕𝒉𝒆 𝑯𝒐𝒖𝒔𝒆, 𝑫𝒂𝒕𝒆 𝒕𝒉𝒆 𝑹𝒂𝒕𝒆”
The expectation is and historical data shows that pricing is surely going to heat up.
So today’s “lower price” can benefit long term. You can always refinance or take a shorter-term mortgage. We have great partners to talk to about finance products that specialize.
But you STILL benefited from a lower purchase price. Therefore equity growth over time.
So if you or someone you know is a first time home buyer, let’s talk. It is never too early to learn about the process and steps you need to take when wanting to purchase your first home!
Check out another blog post: Real Estate Market Types
