Buying Myths Archives - Page 6 of 14 - The Monica Foster Team

5 Things Homebuyers Need To Know When Making an Offer

June 21, 2021 - General Information

When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer [...] Read More

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Monica Foster June 21, 2021

Hope Is on the Horizon for Today’s Housing Shortage

June 15, 2021 - General Information

The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes [...] Read More

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Monica Foster June 15, 2021

In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price

June 8, 2021 - General Information

For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would [...] Read More

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Monica Foster June 8, 2021

How Misunderstandings about Affordability Could Cost You

May 27, 2021 - General Information

There’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on affordability from the National Association of Realtors (NAR) shows homes are more affordable today than the historical average, some [...] Read More

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Monica Foster May 27, 2021

Buying a Home Is Still Affordable

May 26, 2021 - General Information

The last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits [...] Read More

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Monica Foster May 26, 2021

Don’t Forget to Budget for Closing Costs

May 17, 2021 - General Information

When buying a home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing [...] Read More

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Monica Foster May 17, 2021

The Power of Mortgage Pre-Approval

May 7, 2021 - General Information

Some Highlights Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning [...] Read More

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Monica Foster May 7, 2021

Should I Buy Now or Wait?

April 30, 2021 - General Information

Some Highlights If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both [...] Read More

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Monica Foster April 30, 2021

Should I Buy Now or Wait?

April 29, 2021 - General Information

Some Highlights If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both [...] Read More

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Monica Foster April 29, 2021

Patience Is the Key to Buying a Home This Year

April 28, 2021 - General Information

The question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) [...] Read More

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Monica Foster April 28, 2021

Archives

5 Things Homebuyers Need To Know When Making an Offer

Hope Is on the Horizon for Today’s Housing Shortage

In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price

How Misunderstandings about Affordability Could Cost You

Buying a Home Is Still Affordable

Don’t Forget to Budget for Closing Costs

The Power of Mortgage Pre-Approval

Should I Buy Now or Wait?

Should I Buy Now or Wait?

Patience Is the Key to Buying a Home This Year

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