It is safe to say that housing market has been quite unusual since the start of the global pandemic. Contrary to what we would expect in the times of economic uncertainty, the market was really live and prices drastically increased. Yet, even though market is not friendly to buyers currently, that does not mean that purchasing a house is out of your reach. Ensure that your loan has the best conditions you can secure for yourself. Talk to different lenders and don’t rush to commit.
- Make sure you are comfortable with a realtor that you pick. Ask around and find someone reputable.
- Your lender should be up front with all aspects of the loan and should be able to answer all questions.
- First time home owners should be flexible in their wants vs. their needs. If you are priced out of one market, consider an alternative.
“But I’ve also been on the other side, a first-time homebuyer myself not long ago.”