Each year, it seems the housing market takes on a different tone. Sometimes it's going to be a sellers' market with inflated prices and bidding wars, and sometimes a buyers' market with tons of choices and low prices.
A home purchase is often the largest financial decision of your life. Protecting yourself requires, above all, a solid understanding of the valuation methods out there so that you can ask the right questions.
Rising prices and mortgage rates have forced Americans to downsize their real estate dreams, while determined buyers have multiple worries and are prepared to take desperate measures to buy a home in today's competitive market. So why do they bother?
There is no right answer in choosing any of these scenarios. Your Realtor may be able to advise which is best, depending on the local market. However, much depends on your financial stability, as well as your tolerance for risk or disruption.
With this year's home buying season off to a strong start, due in large part to tight inventories and low interest rates, many prospective homebuyers may find securing financing an obstacle. Here are some tips on how to secure financing to help make the mortgage process easier.