first home: What if I Wait to Make My Offer ?
- 11/05/17 05:41 AM
The Difference an Hour Makes in Real Estate Every Hour in the US Housing Market: 624 Homes Sell 347 Homes Regain Positive Equity Median Home Values Go Up $1.13 Five New Buyer Prospects view the same listing Buyers ,your first step is obtaining Mortgage Pre-Approval ! Email mikeperrykw@gmail.com to schedule a Buyers Consultation Session . … (4 comments)
first home: Build Wealth with a Lancaster Co.,PA Home !
- 10/16/17 05:03 AM
Net Worth of Homeowners 44X Greater than Renters Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago. The study revealed that the 2016 median net worth of homeowners was $231,400 - a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013). These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter. Owning a home is a … (3 comments)
first home: Should I Wait toBuy a Home ?
- 10/16/17 04:52 AM
Millionaire to Millennials: Buy a Home Now! In a CNBC article, self-made millionaire David Bach explained that “the single biggest mistake millennials are making” is not purchasing a home because buying real estate is “an escalator to wealth.” Bach went on to explain: “If millennials don’t buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than a renter.” In his bestselling book, “The Automatic Millionaire,” Bach does the math: “As a renter, you can easily spend half a million dollars or more on rent over the years ($1,500 a month … (1 comments)
first home: Will I need a 20% Down Payment to Buy ?
- 10/13/17 08:43 AM
No… You Do Not Need 20% Down to Buy In Lancaster,PA ! The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that non-homeowners cite the main reason for not currently owning a home, as not being able to afford one. This brings us to two major misconceptions that we want to address today. 1. Down Payment NAR’s survey revealed that consumers overestimate the down payment funds needed to qualify … (3 comments)
first home: Should Lancaster,PA Home Buyers Wait til Next Year ?
- 09/29/17 06:40 AM
Should I Buy a Home Now? Or Wait Until Next Year? Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 4.4% by next year. CoreLogic predicts home prices to appreciate by 5.0% over the next 12 months. If you are ready and willing to buy your dream home, find out if you are able to! Buyers, your first step is obtaining Mortgage Pre-Approval ! Email mikeperrykw@gmail.com to get … (1 comments)
first home: Do Lancaster Co.,PA Home Buyers pay Closing Costs ?
- 09/28/17 05:57 AM
More Than Half of Lancaster Buyers Are Surprised by Closing Costs According to a survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage. After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the fees were than expected. “Homebuyers reported being most surprised by mortgage insurance, followed by bank fees and points, taxes, title insurance and appraisal fees.” Bankrate.com gathered closing cost data from lenders in every state and Washington, D.C. in … (1 comments)
first home: Saying "I Do"to a Lancaster Co., PA Home !
- 09/13/17 04:58 AM
The Cost of a Wedding vs. Down Payment Married couples once again dominated the first-time homebuyer statistics last year at 66% of all buyers, according to the most recent Profile of Home Buyers & Sellers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable. Many couples are deciding to use what would otherwise be their wedding fund as a down payment on their first home, as unmarried couples made up 8% of all first-time buyers last year. If you’re single, don’t fret; you can still … (3 comments)
The Difference an Hour Makes in Real Estate Every Hour in the US Housing Market: 624 Homes Sell 347 Homes Regain Positive Equity Median Home Values Go Up $1.13 Five New Buyer Prospects view the same listing Buyers ,your first step is obtaining Mortgage Pre-Approval ! Email mikeperrykw@gmail.com to schedule a Buyers Consultation Session . … (4 comments)
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