Buying Myths Archives - The Monica Foster Team

Don’t Let Rising Inflation Delay Your Homeownership Plans

May 20, 2022 - General Information

Some Highlights If recent headlines about rising inflation are making you wonder if it’s still a good time to buy, here’s what experts have to say. Housing is an asset that typically grows in value. Plus, your mortgage helps stabilize [...] Read More

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Monica Foster May 20, 2022

Why Rising Mortgage Rates Push Buyers off the Fence

May 17, 2022 - General Information

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this [...] Read More

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Monica Foster May 17, 2022

Three Tips for First-Time Homebuyers

May 5, 2022 - General Information

Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you’re looking to purchase your first home, you [...] Read More

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Monica Foster May 5, 2022

Things That Could Help You Win a Bidding War on a Home

May 3, 2022 - General Information

With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, [...] Read More

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Monica Foster May 3, 2022

How Homeownership Can Help Shield You from Inflation

April 26, 2022 - General Information

If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a [...] Read More

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Monica Foster April 26, 2022

Is It Enough To Offer Asking Price in Today’s Housing Market?

April 25, 2022 - General Information

If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the [...] Read More

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Monica Foster April 25, 2022

Myths About Today’s Housing Market

April 22, 2022 - General Information

Some Highlights If you’re planning to buy or sell a home today, it’s important to be aware of common misconceptions. Whether it’s timing your purchase as a buyer based on home prices and mortgage rates or knowing what to upgrade [...] Read More

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Monica Foster April 22, 2022

How To Approach Rising Mortgage Rates as a Buyer

April 20, 2022 - General Information

In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. [...] Read More

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Monica Foster April 20, 2022

Why Pre-Approval Is an Important Step for Today’s Homebuyers

April 19, 2022 - General Information

Being intentional and competitive are musts when buying a home this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow [...] Read More

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Monica Foster April 19, 2022

What Is Multigenerational Housing?

April 15, 2022 - General Information

Some Highlights If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared [...] Read More

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Monica Foster April 15, 2022

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