Of course, there are occasional situations where a home has been purchased at a great price. However, as many disappointed buyers will attest, at least as of the beginning of August, we are still in a “seller’s market.” Many active buyers today falsely assume that this is a “buyer’s market”, and that they will be able to negotiate much lower than the listed price.
Buying your first home can be a learn as you go process. But even though everyone’s home buying experience is unique, you can prepare yourself for what’s to come by learning about what helped and held others back. Before you embark on your own home buying journey, here are some of the most important Dos and Don’ts to get you started on the right track.
Before you can get serious about buying a home, you need to get pre-approved for a mortgage. The best time to get pre-approved is just before you start shopping for homes.
“Our college-age children are still single, but we would like to help them get started with owning real estate. Other than cash for a deposit, and waiting for the right time, what are the main issues and factors we should consider?” — A local homeowner