Prioritizing Your Wants and Needs as a Homebuyer in Today’s Market
By Charles Ross - eXp Realty (Salina Group) | Broker, Love To Help People
( Salina Group)
There’s no denying mortgage rates are higher now than last year. And if you’re considering buying a home, this may be top of mind. That’s because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a purchase this winter, you’ll need to be strategic to find a home that meets your needs and budget. Danielle Hale, Chief Economist at realtor.com, explains: “The key to making a good decision in this challenging housing market is to be laser focused on what you need now and in the years ahead, . . . Another key point is to avoid stretching your budget, as tempting as it may be given the diminished purchasing power.” In other words, it’s essential to be mindful of what’s necessary and a nice-to-have when searching for a home. And the best way...
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