Don't Let Fear Stop You from Buying a Home

Economic uncertainties have caused many people to focus on keeping their jobs rather than buying a home. If you want to buy home, at least speak with a Realtor(r) to understand your current options. Often, with proper advice and guidance, you can make it happen.

The Fears/Uncertainties

1. The mortgage rate is slightly higher than last week causing buyers to put their home buying plan on the back burner. 

2. Real estate is filled with terms with which buyers may not be familiar. 

3. Buyers are unsure that the prices of the homes they are looking at online are priced correctly. They want a deal.

4. Coming up with down payment money, closing costs and paying a mortgage each month can be big scary numbers for all of us.

5. Buyers may be wondering if real estate is the right investment right now.

The Solutions

Let's see if we can quash some of these fears and uncertainties ... 

1. Mortgage rates will always fluctuate. Now is still a great time to buy and mortgage rates are still super low. Focus on your monthly nut - how much can you afford each month? Then talk to a Realtor(r) and they can hook you up with a mortgage broker/banker to determine your price point - whatever the mortgage rate. The loan officer will help you determine if it makes sense to lock or float your rate based on the current information.

2. There are tons of scary terms in real estate - we agree! Let an agent put you at ease and break these terms down for you so you know exactly what to expect.

3. Wow, only at #3 and clearly, you need a Realtor(r) ... they have access to the MLS and can tell you what similar homes in the same neighborhood are selling for so you can feel confident about your price.

4. Your agent knows lots of great loan officers and together they can educate you on the various programs that are available in your area. They may have options that you did not know existed.

5. Long term - real estate is almost always a good investment. An agent can help you determine the best areas to buy in right now.

You can do this - reach out to a Realtor(r) today and get the conversation started. The first call/email is always the hardest, but we have your back. No fear!