What are your best options today as a First Time Home Buyer in Metro Detroit MI? See our solutions for rising mortgage rates and home prices. Explore all your options.
If you’re looking to buy your first home, you’re likely balancing several factors. Because both mortgage rates and home prices have risen this year, it costs more to buy a home than it did even just a few months ago. But that doesn’t mean you have to put your plans on hold.
If you partner with a trusted real estate advisor and hone your strategy, you can navigate today’s market and find the home you’re looking for. Here are two tips to help you get started.
Work with a Professional To Prioritize Your Wish List
If you’re having trouble finding a home in your budget that checks all the boxes, it may be worth taking another look at your lists of what you want and what you really need. According to the latest First-Time Homebuyer Metro Affordability Report from NerdWallet, your wish list can have as much impact on your search as your finances:
“Your budget isn’t all that you need to be concerned about; your wish list and desired location may carry just as much weight.”
It’s all about prioritization. If you’re serious about purchasing your first home soon, be flexible in what you’re looking for to open up your pool of options. Partner with a local real estate professional to better understand what’s available in today’s market and reprioritize your wish list. Remember, making a concession now doesn’t mean you’ll never have everything on your list. After you’ve moved in, you can always add certain features to make the home your own.
Increase Your Search Radius To Consider More Locations
Some areas may have more homes within your target price range than others, but it may require you to be flexible on your location. For example, if you’re a remote worker, you may be able to expand your search radius. As Fannie Mae explains:
“. . . continued remote work flexibility is likely giving many the ability to live farther away in more affordable areas.”
The decision to search in places with a lower cost of living could help you find a home that fits your budget and checks the most boxes off your wish list.
Yes, we’ve been handed a Mortgage Rate Curve Ball ~ Find Out How I Can Save You Thousands in Closing Cost
💥 Important 💥 Find a lender that won’t charge you for bank fees and will pay you to refinance with them when mortgage rates go down. If you don’t have one, I do.
Watch the Video and Save
We are just in a little pump in the road for mortgage rates and you’re in shock over the huge increase. As a solution to help you over the pump, as a Keller Williams agent I can help you save thousands in closing costs with our Keller Mortgage Zero Plus 3 ways.
1.When you buy you save thousands 2. You can offer potential buyers for your home Zero Plus so they can save thousands. This is a great incentive to keep them focused on your property and not your competition. 3. When mortgage rates go down you can save thousands again and lower your monthly payment…Win ~ Win. It’s your money, we need to put it to work for you, not the lender. NMLS # 140234
Direct Access to the MLS ~ Homes for Sale ~ Newly Listed ~Coming Soon and More 🤩
As a programmer, you now have direct access to the Multiple Listing Service so you can search BETTER than a Realtor. Better yet, you can customize your features.🤩
Another huge feature you can modify and look for homes Coming Soon only, or view homes that have been on the market X numbers of days. Maybe a 1st floor primary bedroom or office is important. You can even search by lot features like ~ Golf Frontage ~ Water Frontage ~ Acreage ~ Large private treed lot or even a Cul-de-Sac. Your options are endless because I programmed it that way. Don’t forget to create an account and save your favorites and you will receive updates on new listings or coming soon to your email in box. You also have tech support via cell or online messenger. Let me know what I can do to help.
Your 🔑 To Home Selling and Buying Success ~ Safe e-Guides
💥 Important 💥 Your Guides also have educational videos and links regarding where home prices are heading, mortgage rates, Housing Market Trends and more.
Watch Video for Sneak Peak
Don’t muddle through the Home Buying and Selling Process. Buying a new home is a dream for all of us, and it’s an emotional and stressful process.
It also involves the most significant financial transaction you probably will make in your lifetime. Your Buying Guide…will walk you through tips, strategies, and how to understand the numbers to strengthen your negotiation power.
Your Selling Guide…It will help you work through the selling process using the latest in high-tech market tools, so you make MORE Money. Our goal is to separate your home from the competition, keep Buyers focused on your house. The Selling Guide is very detailed and works step-by-step, so you’re guaranteed Top Dollar for your home.
Bottom Line: First Time Home Buyer Options
If you’re serious about purchasing your first home this year, revisiting your wish list and the desired location can help. Let’s connect to explore all the options in our local market – and beyond – so you can achieve your homeownership dreams.
Simplifying Real Estate Through Education
As we move forward, it’s been challenging as we navigated through all the changes. Putting your dream of a new home on HOLD shouldn’t be one of them. Now more than ever, knowledge will be your power. Know the Market You’re In and your Negotiation Power. Check out Categories for additional updates regarding the Market | Buying | Selling
Have Questions?
If you have any questions, contact us: Chatbot 🤖 at the bottom. Contact me by Email 📩 or my Cell 📲 @ 248-343-2459. Would you mind sharing your thoughts below or what future article you would like to see? Your opinion is important to us…. this site is for you.🤩 To Keep up to date request our 🏡 Chat Newsletter or Follow us on Facebook, Instagram, or YouTube
Have Questions?
Let us know what we can do to help you work your way through the Buying and Selling Puzzle. 📲 248-343-2459
Website Development, Production, and Content by Pam Sawyer @ Team Tag It Sold © 2017 All Rights Reserved
Leave a Reply
You must be logged in to post a comment.