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Are you aware of a friend, family member, or colleague who is starting the journey of being a first-time home buyer? This significant milestone can be both thrilling and overwhelming, and having the right support can make all the difference. And I am here to support and educate.
Your first home will NOT be perfect. But it WILL be the perfect first step with your long-term goals in home ownership.
Think about the BEST location for your dollar. Keep it as affordable as you can. Getting IN is still better than sitting on the sidelines. Real Estate wealth is the long-term game.
2021-2022 – High prices, low interest rates
2023 – Low prices, higher interest rates
But really…. THESE rates aren’t anywhere near what we considered “”high”” historically.
Looking past all the media frenzy, the strategy should be:
“𝑴𝒂𝒓𝒓𝒚 𝒕𝒉𝒆 𝑯𝒐𝒖𝒔𝒆, 𝑫𝒂𝒕𝒆 𝒕𝒉𝒆 𝑹𝒂𝒕𝒆”
The expectation is, and historical data shows, that pricing is surely going to heat up.
So today’s “lower price” can benefit in the long term. You can always refinance or take a shorter-term mortgage. We have great partners to talk to about finance products that specialize.
But you STILL benefited from a lower purchase price.
Equity growth over time.
Being a first-time home buyer can be hard. Hopefully, this can help your experience.
Check out another blog post here! What is Curb Appeal?
