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

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