Skip to main content

Joel Richardson's Lender Weekly Realtor Tip of the Week: Here is how I'm coaching my buyers right now

 Navigating the 2024 Housing Market: Five Steps to Secure Your Dream Home


As interest rates head below 7 percent, with some tantalizingly close to 6 percent, prospective homebuyers are gearing up for a pivotal year in real estate. If you're contemplating making that giant leap into homeownership, here are five crucial steps to ensure homebuying success in 2024.


 1. Find a House Now: Seize the Negotiation Advantage

The current market climate presents a unique opportunity for buyers to strike favorable deals. With interest rates as enticing as they are, sellers are often more open to negotiation. Actively scour the market for potential homes, and don't hesitate to make offers. Being proactive now could position you for a better deal than waiting for the perfect moment.


 2. Get Pre-Approved: Strengthen Your Buying Power

Take the proactive step of getting pre-approved for a mortgage. This establishes clear guidelines for your budget and enhances your credibility as a serious buyer. A pre-approval can make your offer stand out, giving you an edge over other interested parties.


 3. Choose the Right Agent: A Key to Success

Your choice of a real estate agent is very, very important. An experienced agent can guide you through the complexities of the market, help you make informed decisions, and negotiate on your behalf. Good agents listen to your goals and objectives and formulate a strategy for your success.


 4. Organize Your Finances: Plan for Long-Term Stability

Secure your financial footing by organizing your finances well in advance. If you're self-employed, expedite your tax filing to provide at least two years of tax returns. A solid financial foundation streamlines the homebuying process and positions you as a reliable and trustworthy borrower.


 5. Be Nimble: Utilize the Option Period

Once you find a potential home, act decisively during the option period. In Texas, we have a valuable tool known as the option period. Use this window to get the property under contract and assess its viability. Being nimble in your decision-making allows you to navigate the market efficiently and seize opportunities that align with your goals.


 


We’d love to help you get more clients into homes. Let me know if we can help you or one of your clients!!



Thanks!

Joel Richardson Lender in Austin, Texas.



 



 


VeraBank, N.A.

Joel Richardson​

SVP ‑ Central Texas Mortgage Manager, Austin

VeraBank, N.A.

P: 512-222-0140 EXT. 7740 | 877-566-2621 

M: 512-203-8244

E: jrichardson@verabank.com | W: myfinanceteam.com

A: 1111 W. 6th Street, Bldg B, Suite 200 , Austin , Texas 78703

NMLS # 136881

Facebook

LinkedIn


Comments

Post a Comment

Popular posts from this blog

Bonnie Fish McGee's Spooky 1st Birthday Party! Oct. 19th, 2024. Good times.

 
Post a Comment
Read more

Austin, Texas has a DOG PROBLEM.....

  Austin, Texas has a DOG problem (Letter I wrote and sent) Dear Austin City Council Members, Hello and well regards, Yesterday afternoon during a simple bicycle pedal exercise ride, I was physically chased by an unleashed Pitbull dog in ZILKER PARK. Then directly after recovering from almost being mauled by an unleashed pit-bull in Zilker Park, I attempted to buy a Gatorade at a nearby Barton Springs Road Market, but that didn't go well either, as an interior Market commercial customer had a massive mixed breed dog trolling through the diminutive shopping isles. Then this morning, at a Coffee shop on SoCo, there was only 1 entry way in and out, and there was another large, although more docile mixed breed dog. All of this has occurred in less than 24 hours. What's the point? The City of Austin's dog friendliness and citizen enabling of irresponsible dog owners has gotten out of control. Newsflash! Not everybody like dogs, being everywhere all the time. especially within ...
2 comments
Read more

Keeping Up with ATX local and Real Estate Broker George Vance McGee....

So GVM, how are you feeling these days? What is the married, family man, new dad lifestyle?  Thanks for asking. Believe it or not, despite my youthful glow and aura, I'm now "over the hill" at 42 years of age. Physically I still feel pretty darn good. I try to cycle often on the hike and bike trail of lady bird lake. I've even bought a bicycle rack for my 2010 Nissan Rogue SUV.  As a Real Estate Industry person, I apologize if my lack of a Range Rover or Mercedes Benz car ownership doesn't suffice. In regards to health, being a newborn dad will really sober you up. Coffee has long since replaced booze in my blood system. When you routinely wake up circa 7:00 am to hug your baby daughter, change her diaper, feed her, have playtime and then drive her to daycare/preschool you need to feel healthy, rested and alert. 1 thing I do miss as a responsible married family man, is the carefree, outgoing, live music and bar hopping nightlife of Austin, Texas. Let's be hone...
Post a Comment
Read more