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2024 Bidding Wars – How to Strike and Win

Lamacchia Realty

As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. They should be well known, respected among agents in the area, and highly specialized in mortgage lending. Speak with your lender to determine the earliest mortgage contingency date.

Buyers 70
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2022 Bidding Wars – How to Strike and Win

Lamacchia Realty

They should be well known, respected among agents in the area, and highly specialized in mortgage lending. If you widen the search bracket to reflect homes $50K under your budget, you may have an easier time winning a bidding war because you’ll be able to offer much higher than the asking price. Consider Waiving Inspection.

Sellers 72
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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. You can rent the home out to tenants who pay your mortgage and bills while you continue to build your asset. Build Equity Every time you make a mortgage payment, you build equity in your home.

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2023 Bidding Wars – How to Strike and Win

Lamacchia Realty

They should be well known, respected among agents in the area, and highly specialized in mortgage lending. If you widen the search bracket to reflect homes $50K under your budget, you may have an easier time winning a bidding war because you’ll be able to offer much higher than the asking price. Real estate is a long game.

Buyers 41
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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. In addition, mortgage rates are at an all-time low. Some companies are offering 30-year fixed-rate mortgages for less than 2.3%. lower risk for mistakes.