Buying Myths Archives - Page 2 of 6 - Joe Fernald

If you’re planning to buy your first home, saving up for all the costs involved can feel daunting, especially when it comes to the down payment. That might be because you’ve heard you need to save 20% of the home’s price to put down. Well, that isn’t necessarily the case. Unless specified by your loan

Strategic Tips for Buying Your First Home

February 20, 2024

Buying Myths, First Time Home Buyers, For Buyers

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Buying your first home is a big, exciting step and a major milestone that has the power to improve your life. As a first-time homebuyer, it’s a dream you can make come true, but there are some hurdles you’ll need to overcome in today’s housing market – specifically the limited supply of homes for sale

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Achieve Your Dream of Homeownership with Condos and Townhomes [INFOGRAPHIC]

February 16, 2024

Buying Myths, First Time Home Buyers, For Buyers, Infographics

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Some Highlights If you’re trying to buy a home but are having a hard time finding something in your budget, here’s something that can help: consider condos and townhomes. They may better fit your budget, can help you start building equity, and tend to require minimal upkeep and less maintenance. Looking at condos and townhomes

Bridging the Gaps on the Road to Homeownership

February 13, 2024

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers

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Homeownership is a major part of the American Dream. But, the path to achieving this dream can be quite difficult. While progress has been made to improve fair housing access, households of color still face unique challenges on the road to owning a home. Working with the right real estate experts can make all the

Why Pre-Approval Is Even More Important This Year

February 7, 2024

Buying Myths, First Time Home Buyers, For Buyers

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On the road to becoming a homeowner? If so, you may have heard the term pre-approval get tossed around. Let’s break down what it is and why it’s important if you’re looking to buy a home in 2024. What Pre-Approval Is As part of the homebuying process, your lender will look at your finances to

Why Having Your Own Agent Matters When Buying a New Construction Home

February 5, 2024

Buying Myths, First Time Home Buyers, For Buyers, New Construction

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Finding the right home is one of the biggest challenges for potential buyers today. Right now, the supply of homes for sale is still low. But there is a bright spot. Newly built homes make up a larger percent of the total homes available for sale than normal. That’s why, if you’re craving more options,

Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]

January 26, 2024

Buying Myths, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Pricing

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Some Highlights Home affordability depends on three factors: mortgage rates, home prices, and wages. Mortgage rates are down from their recent peak, home prices are expected to rise at a slower pace, and wages are increasing faster than usual. That’s good news if you want to buy a home because it means affordability is getting

Are More Homeowners Selling as Mortgage Rates Come Down?

January 25, 2024

Buying Myths, For Buyers, Housing Market Updates, Move-Up Buyers

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If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale. The Mortgage Rate Lock-In Effect Over the past year, one factor that’s really

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The Top Benefits of Buying a Multi-Generational Home

January 25, 2024

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers

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Has the idea of sharing a home with loved ones like your grandparents, parents, or other relatives crossed your mind? If so, you’re not alone. More buyers are choosing to go this route and buy a multi-generational home. Here’s a look at some of the top reasons why, to see if a home like this

3 Key Factors Affecting Home Affordability

January 19, 2024

Buying Myths, For Buyers, Move-Up Buyers, Pricing

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Over the past year, a lot of people have been talking about housing affordability and how tight it’s gotten. But just recently, there’s been a little bit of relief on that front. Mortgage rates have gone down since their most recent peak in October. But there’s more to being able to afford a home than