Saying it’s been a hard housing market is an understatement. I am beyond relieved to see interest rates getting lower for families. It’s so hard to justify a home loan when over half of the loan is just in interest. Yikes! If you’ve been standing by like so many, I’m so happy for you! It’s your time! Here is a few things that you can do to get ready to buy.
- Know what your monthly budget is and average house payment you are willing to pay
- Use a home mortgage calculator. Here is one of my favorites. Here’s my favorite https://www.mortgagecalculator.org/
- Make a list of all your must have when buying a home so you can work with your realtor to get the things that you want within the budget and interest rates that are available.
It’s important to be aware of what’s changing in the market, especially if you are planning to buy or sell a home in the next six months. Here’s a great article I found that shares more about the market trends. It’s a great read!
https://abcnews.go.com/Business/mortgage-rates-dropped-lowest-level-year/story?id=112710843
It’s getting better for us! If you are as relieved as I am, I encourage you to message or email me for a free 30 minute consultation to learn more about your needs and guide you in the home buying or selling process. Give me a call or text (217) 257-6898.
Cheers to dropping rates!
Your Lifetime Realtor,
Nick Balser