How to Buy a Home in Today's Market in Burnt Hills NY

By
Real Estate Agent with Keller Williams Capital District Real Estate

How To Buy A Home in Today's Market in Burnt Hills, NY

Homes For Sale in Burnt Hills NY

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Buy A Home Today in Burnt Hills NY

Today's Market

It is no question we are in a buyers market right now.  The average listing price for a home for sale is $309,000.  This is down 1% from last month.   However, 1,082 homes sold in the Capital District in April.  This is up 45.8% from last  year.  

Buyers are regaining their confidence in today's market.  Especially with the extremely low mortgage rates.  Mortgage rates are currently at 4.8% on a 30 year fixed and 4.2% on a 15 year fixed.  

 

Tips in Buying A Home in Today's Market

 

1.  Take your time looking.  You don't have to jump on the first property you see.  Buying a home is a huge investment.  

2.  Look into the foreclosure market.  Currently there has only been one foreclosure in Burnt Hills NY this year.  Foreclosures can be a great investment if looked into correctly.  

Home with keys buy a home in todays market3.  Get a great deal on New Construction.  New Construction rates are down and builders are more likely to negotiate.  

4.  It doesn't hurt to ask.  When buying a home in today's market don't be afraid to ask.  You may get money towards closing or free upgrades in a new build.  

5.  Ask for a warranty.  Many owners still have a warranty on their appliances.  You may ask for the warranty.  You can also have a warranty on home structures.  The typical average is one year.  

6.  Make sure to get the best rate.  When buying a home you can compare interest rates and try to get the best possible value.  This week rates average at 4.8% on a 30 year fixed.  The price of a home is not only negotiable.  Compare mortgage rates from local lenders at Bankrate.  

 

 

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