Are you thinking about buying a new home? Congratulations! Buying a house, condo or townhouse is an exciting and rewarding time which tends to be a lot of fun. However, along the way you'll need to make a number of decisions – including whether you want to buy a pre-owned home or one that has been built recently and is brand new. Let's take a quick look at some of the pros and cons of buying a new home versus buying pre-owned. New Homes Tend To Have Fewer Problems One of the major upsides of buying new is that newly-built homes tend to have very few problems within the first few years of ownership. While you'll still be required to make regular maintenance on a new home, when you buy … [Read more...]
A Bidding War Is Taking Place Among Homebuyers
While businesses have fallen on hard times during the past few months, there are signs that the economy is going to start to recover quickly. This could mean that homebuyers are entering the market again as well. With summer being a historically hot time for homebuyers all over the country, there are a lot of experts saying that buyers need to get ready for a bidding war. There are not a lot of homes on the market right now, as sellers are still a bit reluctant to put their homes back on the market with the economy just starting its recovery process. The end result is that there is a disconnect between supply and demand. This imbalance is causing home prices to climb upward as homebuyers get … [Read more...]
Why Now Is A Great Time To Apply For A Home Loan
The idea of owning a home is enough to bring joy to nearly anyone’s eyes. The reality is that many people are a bit skeptical about looking for a home in the present climate. While the pandemic can make it hard for people to go outside and explore, now is still a great time to apply for a home loan. This is a great opportunity for people to fulfill their homeownership dreams. There are a few reasons why now is a great time to look for a home. The Property Prices Are Low First, property prices are low right now. There are a lot of people who are looking to move and not many people are looking to buy a home. This means that property prices are lower now than they have been in the recent … [Read more...]
Why Every Home Buyer Needs A Pre-Approval Before Home Shopping
There are many people who are considering buying a home because the current market is so attractive. With the ability to carry out virtual tours, this makes it even easier for people to find the home of their dreams. While the fun part is looking at houses, it is important to get pre-approved for a home loan first. There are a few reasons why everyone must get pre-approved before they start the process of shopping for a home. This Provides A Chance For People To Get Their Finances In Order Buying a home is a major decision. For many people, this is going to be their biggest investment. For this reason, it is critical for everyone to have their finances in order. Of course, some people … [Read more...]
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