Mark’s your Sherlock Homes.
It’s not you. It is a challenge to feel confident that you have figured out the best time to buy. Rates are wonky. Prices are mind boggling. And there doesn’t seem to be as many houses available. Or are there? Fortunately, the Mark Smith Team are domicile detectives who study the markets, interest rate trends, and the finer points of financing to help you solve your mortgage mystery. Like Sherlock, Mark can see the finer points in data to help you make the most logical decisions. And he looks good with his deerstalker hat and (bubble) pipe.
Investigating Inventory
For a while now, there seems to have been a shortage of available homes in the Austin area. Mark’s read the construction clues, however, and can say that builders have been developing new homes for the past several months. This means new homes will be hitting the market soon. That’s good news for buyers who will have more to choose from and maybe a little less competition from like-minded buyers. It’s a good time to be a buyer. Here’s proof:
- You have more negotiating power as the seller’s market begins to balance.
- There’s a wider variety of options across different neighborhoods and price points.
- Builders may offer special incentives as they are looking to move inventory, including. closing cost assistance (but reach out to Mark to make sure these are right for you).
- You can be selective about location, amenities, and home features.
Elementary, my dear Austin.
Don’t be foiled by bad credit (or even mediocre credit), credit “repair”, quick online loans, and the wrong loan type (yes, there are many to choose from). Mark believes in going back to the basics. Establish good credit, have a long-term vision, make a solid plan that fits with your wealth-building goals, and know realistically how much you should (not “could”) spend on your home. This is a busy time of year for home buying. Take a quick quiz to see if you’re ready to buy. Then get in touch with Mark to develop a solid strategy based on real evidence.