How Trusted Professionals Make Homebuying Easier to Understand

Reblogger Will Hamm
Real Estate Broker/Owner with Hamm Homes

Once again Abby Stiller came up with a great blog for all of us here in the rain.

Original content by Abby Stiller Lic. # SL3154233

In the spring, many excited buyers get ready to enter the housing market. Others continue dreaming about the homes they’d like to buy. The truth is, many potential buyers continue to dream longer than they need to, simply because they’re confused about the homebuying process. Thankfully, working with a trusted real estate professional can help ease those concerns and make the process to home-ownership much easier to understand.

A recent survey conducted by Ipson and Freddie Mac reveals the confidence level of Gen Z and Millennial buyers regarding the home buying process. The graph below shows the breakdown of the top results, clearly indicating there’s a significant portion of younger buyers who are not yet confident with some of the steps in the home buying process.

buying process with a expert realtor in lehigh

Between the home buying process and the mortgage process, there are 230 possible steps in the transaction. With trusted professionals on your side, you certainly don’t have to know them all to have a successful experience.

There are many reasons why these steps can change as you move through each one. Depending on your personal circumstances, the term or your mortgage, and the type of loan you use, the path you take may need to vary. That’s why guidance and support from the experts is key.

In addition to the process itself, respondents in the survey definitely expressed concerns about understanding the types of loans available. Here are just a few of the basic loans to consider. Be sure to speak with your lender about the specifics of what will work best for you:

  • FHA: Loans guaranteed by the Federal Housing Administration for first-time buyers. They generally enable qualified borrowers to enter the housing market with a lower down payment.
  • Conventional: Loans that usually require a larger down payment. Repeat buyers usually use these types of loans since they have an established credit history as well as more money from the sale of their previous home (called equity) for a bigger down payment.
  • VA: Loans available for Veterans of the U.S. Armed Forces and their spouses. They are guaranteed by the Department of Veteran Affairs.
  • USDA: Loans for those living in rural and suburban areas. A qualified lender can issue a USDA home loan, and they are guaranteed by the United States Department of Agriculture (USDA).

Interest rates also popped up as a common area of confusion among Gen Z and Millennial respondents in the survey. With today’s rates hovering at near historic lows, it’s a fantastic time for buyers to get more house for their money in the current market. Why? When mortgage rates are this low and wages are increasing as they are today, overall affordability increases, enabling home buyers to stretch their mortgage dollars further. It’s just another area where a trusted professional can help simplify the process and give guidance along the way.

Bottom Line

There are many possible steps in a real estate transaction, but they don’t have to be confusing. To understand your best course of action, reach out to your local real estate professional: Abby Stiller to ensure you have a trusted adviser who will help you feel confident and informed at every turn.

 

information provided by KCM

 

 

Abby Stiller 

Realtor® Lic. #3154233    

12 Years of Experience

RE/MAX Realty Group    Cape Coral Fort Myers Naples  Realtor Cape Coral      

 

I help Home buyers find their dream home & Homeowners sell for more. Thinking of buying or selling? Call/Text me: 239-284-8637   Your Honest & Dedicated Realtor!

or visit: www.TeamStiller.com

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Groups:
Active Rain Newbies
Almost Anything Goes
Around The Water Cooler

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
2,083,928
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Will Hamm - this is a very good re blog.  It is a great idea for an entire group of professionals to have first time home buyers seminars.

Mar 10, 2020 08:51 AM #1
Rainmaker
5,675,659
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Will, for sharing this excellent reblog selection.

Mar 10, 2020 09:44 AM #2
Rainmaker
516,247
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

Thank youuu Will Hamm for reblogging it. 

Mar 10, 2020 06:45 PM #3
Rainmaker
3,345,039
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Thanks Grant Schneider,  Thanks for stopping by.

 

Mar 11, 2020 09:17 AM #4
Rainmaker
3,345,039
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Roy Kelley, I agree this was a great blog.

 

Mar 11, 2020 09:19 AM #5
Rainmaker
3,345,039
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Abby Stiller, Great information and thanks for letting my reblog.

 

Mar 11, 2020 09:19 AM #6
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
3,345,039

Will Hamm

"Where There's a Will, There's a Way!"
Call today for all your Real Estate needs
*
*
*
*
Spam prevention