When someone is thinking about buying or selling a home, they want to be well-informed. They want to make the right decision for themselves and their family. They scour the internet for any information they can find about the housing market.
Today, there is an abundance of information available. It is often conflicting news. It can easily lead to confusion and concern, perhaps even causing a potential buyer or seller to cancel their plans to move altogether. Instead, the best things to do are sit down and take a deep breath.
In a recent article, Jeff Davidson, a recognized speaker on the subject of productivity, explained:
“The pace at which new information arrives will accelerate every day…Too often, the reflex to take action only exacerbates your time-pressure problems. Do not bite off more than you can chew, and acknowledge that often, the wisest response to too much competition for your time and attention is to simply slow down to assess the best way to proceed.”
To that point, here is an easy five-step process to follow if all of this information seems overwhelming:
It would be amazing if all you needed to prep your home for fall was hang a wreath and light a bunch of pumpkin spice candles. While yes, those are a part of getting ready for the change of seasons, there are more important (and not exactly fun) preparations that come with being a homeowner.
With that said, fall is the perfect season to tackle general home maintenance projects because the weather is generally dry and temperatures are moderate. Before you start your seasonal home maintenance checklist, examine both the interior and exterior of your home.
Most of these home maintenance items can be accomplished without the help of a professional, but it's always better to be safe and call for assistance if a home improvement project is beyond your abilities.
Tick these items off your list this season, and you can rest easy knowing that your home and yard are buttoned up and ready for winter. Take a peek at some of our home improvement recommendations for the fall:
Autumn is in full swing. Kids are back at school, football has started, and the weather is cooling off. In fact, fall is a great time to get a great deal on a new home especially because current market conditions are favorable toward buyers in many areas.
Most home buyers assume buying in the spring or summer gets you the best selection and home shopping opportunities. Experts would disagree. Home buying the in the fall -- especially fall of 2019 -- can yield huge savings on the mortgage rate and home price. It’s wise to start shopping now and take advantage of this window, before the holidays and the cold weather hit.
Here are 3 Reasons why Fall 2019 is the Time to Buy:
Reason #1: Interest Rates are at Historical Lows
Rates are currently at or near three-year lows. And they’re expected to stay low through the autumn. If you’re thinking about buying a home, taking advantage of these low interest rates can be paramount for your purchasing power. Locking in a low interest rate will save you a lot of money later down the road and even in the near future.
Reason #2: Lower Prices
Fall produces urgent sellers. Most sellers list their homes in the spring and summer. If the seller’s house is still sitting on the market in the fall, they are likely willing to lower prices. For buyers, this is a leverage point for you to lock in a good rate and to get a great deal on the purchase price of a new home.
Reason #3: Less Competition
Between September and December there is less home buyers searching for homes. Why? Because many buyers and sellers get their real estate business done before the school year starts. Therefore, come the holidays, there is less home buyers searching. In addition, cooler weather also gives you an edge when looking for a home. Potential buyers favor warmer weather when they don’t have to brave the cold or snowy conditions.
Now is the Time
If you want to capitalize on the fall market, now is the time. We can’t stress enough that today’s low mortgage rates are favorable for buyers. Take advantage and lock in a low rate!
Get Ahead of the Game
Be sure to check out homes for sale, make sure to get pre-approved FIRST, and speak with your local Greenway Loan Officer to discuss your mortgage options. With the right planning and preparation, you could land your desired home for less and be moved in before next year!
The media says mortgage rates are near “historical lows.”
To put that in perspective, check out the graph. You’ll see that with rates now under 4%, they're less than half of the long-term average of 8%.
The combination of low mortgage rates and rising prices in most areas can create great opportunities. At the least, this is a great time to ask questions and assess potentials.
Your local loan experts at Greenway Mortgage are happy to talk with you about the range of possibilities—refinancing to a lower payment, accessing cash from the equity in your home, or perhaps even moving on to a new home.
When you're ready for an honest discussion about what might be right for you, even if that’s staying with the loan you have, we will be happy to assist. Please reach out!