Jason's Estates Team

12/10/2021

Having a in your corner can make all the difference when buying or selling a home, especially during times of uncertainty. DM me today so we can discuss the best plan for you and how you can buy or sell safely this winter.

12/09/2021

Two Reasons Why Waiting To Buy a Home Will Cost You

To determine whether you should buy now or wait another year, you can ask yourself two simple questions. Let’s shed some light on the answers to both.

>>Where Will Home Prices Be a Year from Now?

Three major housing industry entities are projecting ongoing home price appreciation in 2022. Here are their forecasts:
Fannie Mae: 7.4%
Freddie Mac: 7%
Mortgage Bankers Association: 5.2%

According to the National Association of Realtors (NAR), the median price of a home today is $353,900. Using an average of the three price projections above (6.53%), a home that sold for $353,900 today would be valued at $377,010 at the end of next year. As a prospective buyer, you would therefore pay an additional $23,110 by waiting.

>>Where Will Mortgage Rates Be a Year from Now?

Today, Freddie Mac estimates the average 30-year fixed mortgage rate in the fourth...

If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market conditions to purchase a home.

12/08/2021

Smart buyers can win in today’s market by getting prepared early and being ready to act fast when the time is right. Looking for advice on how to win on your homebuying journey? DM me today so you can have a trusted advisor on your side who knows how to call the right plays in today’s market.

12/07/2021

Why It Just Became Much Easier To Buy a Home

Here are two obstacles some homebuyers are facing:
• The ability to save for a down payment
• The ability to qualify for a mortgage at the current lending standards
This past week, both of those challenges have been mitigated to some degree for many purchasers. The FHFA is raising their loan limit for prospective purchasers in 2022. The term used to describe the maximum loan amount they will entertain is the Conforming Loan Limit.

A Forbes article explains the benefits of a conforming loan and why they exist:
“Since lenders can’t sell non-conforming loans to Fannie Mae or Freddie Mac to free up their cash, they’re a bit riskier for the lender. This is especially true for jumbo loans, which aren’t backed by any government guarantees. If you default on a jumbo loan, it’s a huge blow to the lender.
Thus, lenders generally charge higher interest...

Since the pandemic began, Americans have reevaluated the meaning of the word home. That’s led some renters to realize the many benefits of homeownership, including the feelings of security and stability and the financial benefits that come with rising home equity. At the same time, many current ho...

12/06/2021

If you’re thinking of selling your house, there’s good news. The number of buyers in the market still far outweigh how many houses are available for sale, especially as millennials reach homebuying age. That's great news for you and your house sale. DM me today so we can discuss what this demand means for you.

12/03/2021

4 Reasons To Sell Your House This Holiday Season

There are clear benefits to selling your house sooner than later. Let's connect to talk about ways to sell your house this holiday season.

12/02/2021

Tips for Single Homebuyers: How To Make Your Dream a Reality

If you’re living on your own and looking to buy a home, know that you can make your dream a reality with thoughtful planning and the right team of experts. If you fall into this category, here are three tips to help you achieve your homeownership goals.

>>Know Your Credit Score
When you buy a home on your own, you have to qualify for your loan based solely on your own finances and credit history. If you’re not sure if it’s strong enough or where to focus your energy to improve it, meet with a professional for expert advice on your individual situation.

>>Explore Down Payment Options
Next, look into down payment programs so you can get a feel for what you’ll need to save to buy a home. Rob Chrane of Down Payment Resource, explains, “Buyers should discuss their program options with their loan officer and real estate agent to make sure they choose...

If you’re living on your own and looking to buy a home, know that you can make your dream a reality with thoughtful planning and the right team of experts. Research from Freddie Mac shows 28% of all households (36.1 million) are sole-person, and that number is growing. Over the past 40 years, the ...

12/01/2021

How To Think Strategically as a Buyer in Today’s Market

The homebuying process requires strategy and planning. Here are a few things to keep in mind to ensure your plan is as strong as possible when you begin your home search.

>>Pre-Approval: the Best Opening Play To Make as a Homebuyer
It’s important to have a great opening play when you’re buying a home. And the best move you can make when you begin your home search is getting pre-approved by a lender. As Freddie Mac puts it, “The pre-approval letter from your lender tells you the maximum amount you are qualified to borrow.”
And while determining how much you can afford at the start of your search is critical, the pre-approval letter also serves another important purpose. Freddie Mac also notes, “This pre-approval allows you to look for a home with greater confidence and demonstrates to the seller that you are a serious buyer.”
As a homebuyer...

The game of chess can provide incredible lessons to apply to all aspects of life, including the homebuying process. Chess requires you to plan and think about your strategy from the very beginning of the game.

11/30/2021

There are multiple milestones on your journey to homeownership. The path includes everything from building your team and understanding your finances to going , making an offer, and more. When you’re ready to start your journey, DM me so you have trusted guidance at every step throughout the process.

11/29/2021

Why Now Is a Great Time To Sell Your House

As we near the end of the year, more homeowners are realizing the benefits of today’s sellers’ market. Record-breaking home price appreciation, growing equity, low inventory, and competitive mortgage rates are motivating homeowners to make a move that addresses their changing lifestyles. In fact, recent data from realtor.com shows a larger share of homeowners are planning to list their houses this winter. So, that means more homes are about to hit the market, which will lead to more choices for buyers too.

According to George Ratiu, Manager of Economic Research at realtor.com: "The pandemic has delayed plans for many Americans, and homeowners looking to move on to the next stage of life are no exception. Recent survey data suggests the majority of prospective sellers are actively preparing to enter the market this winter."

If you’re thinking of waiting until...

As we near the end of the year, more homeowners are realizing the benefits of today’s sellers’ market. Record-breaking home price appreciation, growing equity, low inventory, and competitive mortgage rates are motivating homeowners to make a move that addresses their changing lifestyles.