12/05/2022
Great Article that covers a lot of homebuyer concerns about our market. This Market is crazy and everyone wants a crystal ball to tell us what’s going to happen. Advice I have always given my buyers is to SAVE as much as you can and buy what you see yourself living for at least five to ten years- and you can afford your payment! Another benefit of owning over renting is that your mortgage payment stays the SAME and won’t increase like rent does and at the end of all your payments the house becomes a huge Asset and all the equity is YOURS!
This was one of my favorite parts of the article especially for first time buyers and those financing-
“Don’t Wait for a Better Price
Waiting can be a gamble, said Jeff Shipwash, CEO of Shipwash Properties LLC. “You could be waiting to purchase with the thought of prices coming down, but…even if home prices do pull back some, if rates increase it will all be for nothing. You may be able to afford a $300,000 house at current rates. But if those rates increase by 1% while you wait, that same payment may be on a $250,000 house.””
Remember buying a home it just about the biggest investment in your future for your family you can make, it is a BIG decision! When you think BIG - think BRINK!!
If you or anyone you know has interest in buying or selling a home and had any questions I am hear to help! :0)
Sarah Brink
PMZ Real Estate
209-341-9997
DRE # 02144169
The pandemic put only a temporary damper on the housing market, as the market rebounded robustly, hotter than ever, particularly in 2021. As we've rolled into 2022, the market is starting to simmer...
