Rochelle Navarro Real Estate Westwing Mountain Realtor Peoria
When it comes to buying or selling real estate, many people try to time the market perfectly to maximize their profits or savings. The idea is simple: buy low, sell high. But is it really possible to predict the best time to jump into the housing market? Let's break it down. The Reality of Market Timing Timing the real estate market is incredibly challenging, even for seasoned professionals. …
[Read more...] about Timing the Real Estate Market: A Smart Strategy or a Fool’s Errand?
Navigating Employment Changes During Your Home Loan Application Changing employers usually won't affect your ability to qualify for a mortgage, especially if you're earning more money. However, for some homebuyers, switching jobs can complicate your loan application. It's crucial to discuss any potential job changes with your lender in detail to understand their implications. With the proper …
[Read more...] about Changing Jobs and the Effects it has on Buying a Home
When you already own a home, selling it often funds your next purchase. If you're a "move-up" buyer looking to upgrade in a down market, you'll likely need to sell your current home. Timing becomes critical to avoid short-term housing or rent-back situations due to mismatched closing dates. Working closely with your Realtor® and lender and staying updated on the process ensures a smooth …
[Read more...] about Don’t Wait to Purchase a Home: The Case for Buying Now
When real estate agents talk about selling a "house" and buying a "home," it's a psychological tactic. Selling and buying real estate is deeply emotional, except for investment buyers who focus solely on profit without emotional attachment. Detaching Emotionally: The Seller's Challenge For sellers, a house holds countless memories, making it hard to let go. Realtors help sellers see …
[Read more...] about Psychological Factors in Real Estate: Selling a House vs. Buying a Home
The housing market, like any other market, is deeply intertwined with broader economic trends. Understanding how these trends affect home buying can empower you to make smarter decisions. Whether you're a first-time buyer or looking to upgrade, let's explore how economic factors shape the landscape of homeownership. Interest Rates: The Cost of Borrowing Interest rates are among the most …
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