It has been a crazy couple years for real estate, and I don't really believe it will slow down any time soon! That being said, how can you best prepare for buying a house this year, so that you actually ENJOY it and feel PREPARED?
here is a quick guide you could download and review as well.
1. Preparation is Key: In a market where opportunities arise unexpectedly, being prepared is crucial. I would estimate at least 25% of home purchases are a “last minute” or rush preapproval for a same-day showing and offer - buyers see their dream home on Zillow and were not prepared. Do you know someone who may be wanting to buy a house in the next 6 months? I would love to meet them and help them prepare, so they don't become a number in this statistic!!
2. Strategic Planning for Competitive Offers: Work closely with your realtor to strategize different competitive offer scenarios. Knowing the ins and outs of the process from offer to closing is essential. Educate yourself on every aspect to ensure you're ready to make informed decisions when the time comes. If you need an introduction to a realtor that will take the time in advance to cover these crucial topics, I would love to make the connection!
3. Video Buyer Consultation: Spend 45 minutes with me in a video buyer consultation and your future self will thank you because you will feel that much more prepared. we will discuss the housing market, different programs you qualify for, and the monthly payment and amount due at closing, and the pros and cons of purchasing a home in this current market
4. Financial Analysis: Take the time to review your finances and determine a comfortable budget for a monthly mortgage payment. This proactive approach ensures that your home purchase aligns with your lifestyle and financial goals.
5. Long-Term Perspective: It's worth considering the potential growth in the greater Milwaukee area. With expectations of 3 to 5% growth over the next five years, finding a home you love in a desirable neighborhood could not only fulfill your immediate needs but also contribute to long-term wealth building for your family.
Embarking on the journey of buying a home can be exciting, and the right preparations can make the process enjoyable. If you have any questions or if you'd like to discuss your specific situation further, please feel free to reach out. I'm here to assist you on your path to homeownership.
Any questions? Don't hesitate to text me at 414-488-0438
Can't wait to help you finance your new home. I service Southeast Wisconsin and beyond!
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Contact Ethan Brooks
- Refined Mortgage Group
Ethan Brooks Mortgage Team
NMLS #1639987
Licensed In: WI - Legal Disclosures
4750 S. Biltmore Lane, Madison, WI 53718, 1-866-912-4800.
All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply