Maximizing Your Home Buying Power with Seller Credits When purchasing a home, every dollar counts. Whether you’re putting down 3.5% with an FHA loan or opting for a conventional route with 10% or 20% down, understanding how seller credits work can be a game-changer. These credits can significantly reduce your out-of-pocket expenses, lower your monthly…
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The U.S. housing market has been grappling with a significant inventory shortage, with an estimated deficit of 3.7 million homes. This scarcity has intensified competition among buyers, leading to bidding wars and elevated home prices. In this context, a reduction in mortgage interest rates can have profound effects on the market dynamics, particularly concerning home…
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If you’ve been sitting on the sidelines, waiting for the “perfect” time to buy a house because of high interest rates, now is the moment to pay close attention. Over the past few years, mortgage rates surged to 7%, creating a challenging environment for homebuyers. However, with the recent dip into the 6% range for…
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For many families considering buying a home, the belief that they cannot proceed because they are bound by a lease is a common misconception. Depending on your state, a lease is not necessarily a barrier to homeownership. If you’re renting and your rent payment is $3,000 a month with another six months left on your…
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Could there be a real estate market crash? The so-called financial experts have predicted this since 2008, since the last financial crisis. Are we in a housing bubble? And what should you do as it pertains to purchasing a home if you’ve been on the fence? Here are some things to be aware of…
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If you’re trying to buy a home, you’re preapproved, and you’ve been making offers, but you keep losing out because you have multiple offers, here are some things you need to consider. 1st things 1st, this is provided that your loan is fully intact, that you are well qualified, and that the loan essentially is…
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It’s no surprise that there’s competition in the market right now. And it’s particularly challenging to get your offer accepted to purchase a home. If you’re preapproved, using financing to buy a house and you’re having a tough time getting your offer accepted, here are a few things you can do to spruce your offer…
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Unlike in years past, the Sonoma County Real Estate Market continues to show strong appreciation gains. Homeowners who were upside down in 2011-2012, now have home-equity as the demand for real estate continues, despite stale inventory. If you own a house, you now have choices to protect, preserve or leverage your newly acquired home-equity. 6 Mortgage Options…
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