Demand for home buying is still alive in 2022 and the American dream, lenders are trying to design more creative ways within the lending practices along with the federal guidelines for all homebuyers to accomplish their family goals and broaden homeownership. The job for us as realtors is to educate, educate and educate the public of awareness of the current housing market as for it has been trendy like always. Click link on impact of rising /IMPACT-OF-RISING-MORTGAGE-RATES---32819---32816---Dr-Phillips-6-23433.html
Prospective homebuyers many times have a misconception about what is happening in the housing market and what is likely to happen in the weeks upcoming. This is so that the homebuyer is aware of facets of the housing market to make all the right decisions. The biggest one today is that many believe home prices will suffer a significant decline. This is a demographical stature such as homes in the Florida Dr Phillips and Central Florida area, prices will hold much more than for example homes in Utah. This is because of what the area has to offer to the public.
For the most-part it is unlikely the Central Florida area will not gravely suffer because of this and housing shortage will hold prices that much more and putting upward pressure without a huge decline in listing prices.
The other misconception is to wait till the mortgage rates drop before buying a home. At this present time buyers have more negotiation power, for example buyers would return resulting in more competition, quicker sales and bidding wars.
Most importantly for homebuyers, once pre-approved keep current on all monthly payments and no bounced checks. Simply do not go into more debt while pre-approved. This can be a 45 day to 60 day process. You must choose a savvy buyers agent in this housing market that knows how to negotiate. take a look to see if they have any designations. Click link to learn more about designations /WHY-HIRE-A-REALTOR---32819---32836---Dr-Phillips-6-14438.html
As a trusted advisor, professional realtor and retired military veteran, I am here to serve yo and always on the pulse of the housing market for the Dr Phillips and Central Florida area. Contact Kevin Strawter at 850 496-6412 and stay tuned in and educated in this volatile housing market to purchase or for the sale of your home.
Don't let this shifting housing market delay your dreams. Reports show home values typically appreciate over time, and that gives your net worth a nice boost. If you are ready to start your journey to homeownership, stay connected and reach out to me today. Click link to learn more about Kevin Strawter /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html?