For Buyers Archives - Let's Talk Real Estate

For Buyers

Two Reasons Why Waiting a Year To Buy Could Cost You

September 24, 2021

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself...Read More

Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing

Is a 20% Down Payment Really Necessary To Purchase a Home?

September 23, 2021

by Mark Sincavage, REALTOR®

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There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is...Read More

Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Millennials

Remote Work Is Here To Stay. Can Your Home Deliver the Space You Need?

September 22, 2021

by Mark Sincavage, REALTOR®

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A lot has changed over the past year. For many people, the rise in remote work influenced what they’re looking for in a home and created a greater appetite for a dedicated home office. Some professionals took advantage of the situation and purchased a bigger home. Other people thought working from home would be temporary,...Read More

For Buyers, For Sellers, Move-Up Buyers

Is It Time To Move on to a New Home?

September 21, 2021

by Mark Sincavage, REALTOR®

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If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American, homeowners are staying put much longer than historical averages (see graph below):As the graph shows, before 2008, homeowners sold their houses after an average of just five years. Today, that number has more than...Read More

For Buyers, For Sellers, Move-Up Buyers

Have You Ever Seen a Housing Market Like This? [INFOGRAPHIC]

September 18, 2021

by Mark Sincavage, REALTOR®

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Some Highlights Whether you’re buying or selling – today’s housing market has plenty of good news to go around. Buyers can take advantage of today’s mortgage rates to escape rising rents and keep monthly payments affordable. Sellers can reap the benefits of multiple offers and a fast sale. If this sounds like good news to...Read More

For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Rent vs. Buy

Is the Number of Homes for Sale Finally Growing?

September 17, 2021

by Mark Sincavage, REALTOR®

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An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last two years. It’s the reason many would-be purchasers are frustrated with the bidding wars over the...Read More

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers

5 Tips for Making Your Best Offer

September 16, 2021

by Mark Sincavage, REALTOR®

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In today’s sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. If you’re buying this fall, you’ll want every advantage, especially when you’ve found the home of your dreams. Below are five things to keep...Read More

First Time Home Buyers, For Buyers, Move-Up Buyers

Fact or Fiction: Homebuyer Edition [INFOGRAPHIC]

September 11, 2021

by Mark Sincavage, REALTOR®

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Some Highlights When it comes to the current housing market, there are multiple misconceptions – from what the current supply of available homes looks like to how much houses are selling for. It takes professionals who study expert opinions and data to truly understand the real estate market and separate fact from fiction. Trust the...Read More

Buying Myths, First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers, Pricing

Home Price Appreciation Is Skyrocketing in 2021. What About 2022?

September 10, 2021

by Mark Sincavage, REALTOR®

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One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year. Here are the latest percentages showing the year-over-year increase in home price appreciation: The House...Read More

For Buyers, For Sellers, Housing Market Updates, Pricing

5 Reasons Today’s Housing Market Is Anything but Normal

September 3, 2021

by Mark Sincavage, REALTOR®

0 Comments

There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning....Read More

For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing

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