Top Tips to Buy a Home in 2019

Top Tips to Buy a Home in 2019

Top Tips to Buy a Home in 2019

By Mark Spain Real Estate

A new year means a fresh start for everyone. If you’re looking to take a leap and make that big move in 2019, we have the tips to make sure you’re a winner this year. Here are our top tips to buy a home in 2019.

buy-a-home-drone-photo

Preview the Market

Navigate the low-inventory market by asking your agent about any “Coming Soon” listings. These are homes that have yet to hit the market but will soon. These homes will allow you a sneak peek and give you a great advantage against other potential buyers when searching for your perfect home.

Down-Play Down Payments

One of the biggest myths in the real estate market is that the average down payment for a home is 20%. In reality, you do not need to have a 20% down payment ready to get the home of your dreams. Today, most buyers on average actually pay a 10% down payment. While a higher down payment saves you additional payments down the road, some buyers even pay just 3-5% down in 2018. Your agent and lender will be able to help guide you when picking a loan option that’s right for you.

buy-a-home-open-door

Consider All of the Options

With low inventory and home prices on the rise, consider all of your options when looking for the right home. Consider a fixer-upper or older home; think about listings that may not have everything on your checklist, but have a high amount. Fixer-uppers can be great investments and provide you with the opportunity to make a home your own. Alternatively, you may find a hidden gem looking at homes that have been on the market for a while. Older listings don’t always mean there is something wrong with the home, a lot of times a home may have just been overpriced to begin with.

Navigate Interest Rates

Interest rates are predicted to rise in 2019, but only by a minimal amount. Easily navigate higher interest rates with a game plan: pick and choose your wants and needs in advance to make sure you can find a home that fits your budget.

With inventory tight, the market will continue to be in favor of the seller’s. Combat low inventory with preparation – be ready to make competitive offers, know what you want and make sure to have a real estate agents that fits your needs.

With these tips and tricks, you’ll be ready to expertly navigate the market and buy a home in 2019. Contact our team here.


Share:


Stay Connected

855-299-SOLD
855-299-7653