Is Now a Good Time to Purchase a Home?
Yes! Despite the average rate on a 30-year fixed mortgage rising for the 7th straight week, it remains historically low.
You will want to do three things to ensure your success as a buyer in a rising rates market.
Secure a great lender who can verify your documents ahead of your home search. So, once you find the right home, you can write an offer and move quickly towards locking your mortgage rate. Or, rest assured, you will find the right home while your rate lock is still active.
Select a trusted real estate professional knowledgeable of the area, the market, and who understands your home purchase goals. You have a real estate professional working for you every day to find the perfect home and available to write the offer, negotiate it, and win the house.
Know the steps, so you don't have any surprises. 10 Step Purchasing Pathway is a great way to get your arms around the process. If you have not had a chance to review them, take a minute. And remember, your Realtor can recommend trusted vendors for every step of the home purchase journey.
Please reach out if you want to get started or have a few questions about your upcoming home purchase. You can call my cell (973) 433-6845 (or text).