Home Buying & Selling
June 29, 2021

How to Navigate the Current Housing Market?

This past year has been a year like no other. With it has come many changes, including those having to do with the current housing market. If you are looking to buy a home now, or in the near future, make sure you check out the tips below to ensure that you have as easy an experience as possible!

Apply for Prequalification or Preapproval

When it comes to buying your first home, getting pre-qualified or pre-approved can make all the difference. Pre-qualification is a process of figuring out how much you may be able to borrow. Pre-approval shares common elements with pre-qualification, but is ultimately a much more formal process as it involves utilizing verified information to make the estimate. Having one of these processes completed before you begin house hunting will allow you to have a much more realistic understanding of you can afford - plus it will give you an edge against other buyers should you make an offer on a home.  

Make a House Hunting Wishlist

Once you know how much you are approved for, or even before, it's important to sit down and think about your priorities. For some it'll be the type of house, others the location, and maybe even what school district. Make sure you have a firm understanding of your must haves. Having these already outlined will make searching for a home a lot easier.

Be Ready for a Quick Turn Around

Due to the momentum of today's market, houses are going on and off the market quicker than ever. Understanding that some homes are being put up for sale and sold, sometimes in a matter of hours, is crucial. Making sure that you have your checklist in hand and an excellent Relator by your side will help you navigate this process!

Find a Realtor and Mortgage Lender You Can Trust  

Ensuring that you find someone well versed in these processes and more can make all the difference. Finding a realtor with a good reputation is an excellent first step. Your Homestead Loan Originator can provide you with names of Realtors that specialize in the location you are looking to purchase in. Contact us today, so that we can get started on navigating the housing market together!

Ready to get started?

Homestead Funding offers exceptional customer service and a convenient mortgage process. Whatever your financing needs, our goal is to exceed your expectations.