Wednesday, August 21, 2013

Time to get serious

With summer coming to an end and no more weekend Jersey shore trips,  people start to get serious about moving again. They tend to be more enthusiastic about making a change and luckily for them, it's still a great time! 
In Philadelphia region;
Inventories are still low, enabling sellers to get their homes sold quickly and for a good price. 
Interest rates are still low, enabling buyers to obtain a home within their desired price point. 

According to NAR's recently released 2013 National Housing Pulse Survey, a strong majority (78%) of renters say that homeownership is a priority for them in the future, with 51% calling it one of their highest priorities. 

The American Dream to own property is stronger than ever. Whether you're looking to sell your home to purchase something more desirable or if you're buying your first home, now is an ideal time to start the process.  
Don't know where to start? Here are 3 quick tips:
First- reach out to a Realtor to discuss your wish list and your local real estate market
Secondly- actually simultaneously, contact 2-3 banks to determine how much of a loan you qualify for. I suggest contacting more than 1 to shop rates and fees. Keep in mind, no bank can lock you into a rate they quote until you have a contract on a home
Thirdly- start going to open houses and scheduling appointments with your Realtor to see properties. You can't find your dream home without getting out there! 

A lot of people browse online about 3-6 months before getting serious about buying. That's great! But online information is not always accurate. You can always contact me, or any Realtor to get up to date information on a property you like. 

Good luck!

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